Central College in Pella will provide $1,000 scholarships to all new incoming students for the third year in a row after raising record-high donations to its Journey Scholarship Fund. The fund received more than $1.72 million in fiscal year 2023-24, according to a news release, breaking records for both the fund and the college. The
The Michael J. Burns Building, which houses the Permanent Fund offices on 10th Street, on Tuesday, Jan. 20, 2024. (Clarise Larson/KTOO) The Alaska Permanent Fund is on course for a fiscal crisis. As the Alaska Beacon reports, that’s because the state is using more money from the spendable portion of the Permanent Fund than the
NASCAR, the American auto-racing sanctioning and operating company, is reportedly considering a ban on investments in team charters from sovereign wealth funds amid negotiating charter agreements with its teams. NASCAR, the National Association for Stock Car Auto Racing, issues 36 charters, which guarantee a team’s placement into races; underperforming teams can have their charters
Fund Information Manager(s): Brian Chang Mark Notkin Trading Symbol: FLVCX Start Date: December 19, 2000 Size (in millions): $2,664.87 Morningstar Category: Fund Large Blend Stock markets, especially foreign markets, are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Foreign securities are subject to interest rate, currency exchange
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Actively Managed ETF Aims to Offer Investors Greater Liquidity at Net Asset Value OVERLAND PARK, KS / ACCESSWIRE / August 6, 2024 / Tortoise Capital Advisors, L.L.C. (Tortoise Capital), a fund manager focused on traditional energy and power infrastructure investing, today announced its plans to merge three of its closed-end funds into a newly formed
Lucid Group has announced that its largest shareholder, Saudi Arabia’s Public Investment Fund (PIF), will invest up to $1.5 billion in cash. The deal comes just ahead of Lucid’s planned production of its Gravity SUV later this year. The funds will keep the EV maker sufficiently funded till the fourth quarter of 2025, Reuters reports.
D-Keine Fund Manager for Fund Managers Dear Partners, June saw contracting markets but our funds delivered according to what it says on the package. Protean Small Cap continued to outperform its benchmark in June. The fund declined by 1.0%, which is 1.3% ahead of the CSXRN (SEK) benchmark index for the month. Performance since inception
Nomura Real Estate Master (JP:3462) has released an update. Nomura Real Estate Master Fund, Inc. is set to acquire La’gent Stay Hakodate Ekimae/HAKOViVA, a hotel and retail asset in Japan, for 6.3 billion yen, aiming to ensure stable income and portfolio growth. The acquisition, scheduled for September 6, 2024, is driven by recovering tourism demand
The $202 billion Texas Teachers is pioneering efforts to change the fee structure in hedge funds. Two thirds of its allocation is managed on a 1-or-30 structure and it is leading an industry-wide initiative, with more than 60 other asset owners, calling for cash hurdles in incentive fees. CIO Jase Auby says earning cash returns