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Israeli VC Jerusalem Venture Partners raises $220 million for new tech fund

2 hours ago NAMEX Comments Off on Israeli VC Jerusalem Venture Partners raises $220 million for new tech fund
FILE PHOTO: Founder and managing partner of Jerusalem Venture Partners (JVP) Erel Margalit speaks during an interview with Reuters in Jerusalem January 30, 2012. REUTERS/Ronen Zvulun/File Photo TEL AVIV (Reuters) – Venture capital firm Jerusalem Venture Partners (JVP) said on Wednesday it closed a new fund with investment commitments of $220 million. It has attracted Read More

UBS to appeal after fined 4.5 billion euros in French tax fraud case

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PARIS (Reuters) – A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties. FILE PHOTO: The logo of Swiss bank UBS is seen in Zurich, Switzerland October 25, 2018. REUTERS/Arnd Wiegmann/File Photo Shares in Read More

Bristol-Myers says Starboard nominated five directors, bought shares

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<img title="Bristol-Myers says Starboard nominated five directors, bought shares " alt="Bristol-Myers says Starboard nominated five directors, bought shares " src="https://s3.reutersmedia.net/resources/r/?m=02&d=20190220&t=2&i=1358573280&r=LYNXNPEF1J177&w=450" aria-label="FILE PHOTO: Logo of global bioPharmaceutical company Bristol-Myers Squibb is pictured on the blouse of an employee in Le Passage, near Agen, France March 29, 2018. REUTERS/Regis Duvignau/File Photo”> FILE PHOTO: Logo of global bioPharmaceutical Read More

Hedge funds hunt for shipping debt in new market push

6 hours ago NAMEX Comments Off on Hedge funds hunt for shipping debt in new market push
LONDON (Reuters) – A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector. FILE PHOTO: A container ship crosses the Gulf of Suez towards the Red Sea before entering the Read More

Sir Christopher Coville Joins SecureCloud+ Advisors

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Press Release SecureCloud+, a trusted provider of next-generation secure information systems to government and defence, announces that Sir Christopher Coville has joined the Company as Senior Defence Advisor. ‘Sir Chris’ joined the Royal Air Force in 1964 and served several tours of duty as an operational Lightning, Phantom and Tornado F3 pilot in the Air Read More

Aviva, NatWest to join 'Brexodus' of business to EU

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LONDON (Reuters) – England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is fired on Brexit. FILE PHOTO: A man walks past an AVIVA logo outside the company’s head office in the Read More

Artemis Investment Management names new partners

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NEW YORK (Reuters) – In a world of extremely rapid change, we have seen plenty of things vanish, from rotary phones to electric typewriters to 8-track music cartridges. FILE PHOTO: A coil of USA First Class postage stamps, bearing an image of the Statue of Liberty and U.S. flags, is shown in Washing NEW Read More

A career secret weapon: Thank-you notes

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NEW YORK (Reuters) – In a world of extremely rapid change, we have seen plenty of things vanish, from rotary phones to electric typewriters to 8-track music cartridges. FILE PHOTO: A coil of USA First Class postage stamps, bearing an image of the Statue of Liberty and U.S. flags, is shown in Washington, April 15, Read More

U.S. fund investors charge into money market funds: Lipper

6 days ago NAMEX Comments Off on U.S. fund investors charge into money market funds: Lipper
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 13, 2019. REUTERS/Brendan McDermid NEW YORK (Reuters) – U.S. fund investors added another $18.7 billion to money market funds during the latest week, likely putting the low-risk funds on track for a third straight quarter of positive demand, Read More

Jeff Vinik offers fee cuts to help bring in cash for new fund

6 days ago NAMEX Comments Off on Jeff Vinik offers fee cuts to help bring in cash for new fund
NEW YORK (Reuters) – Prominent U.S. investor Jeffrey Vinik is promising potential clients a cut in fees and said that it had been tougher to raise money than he initially thought, as he prepares to relaunch Vinik Asset Management after six years on the sidelines. Vinik, who once ran Fidelity’s Magellan mutual fund and then Read More