BlackRock launched its first tokenized fund in March this year and it has gathered more than $500m in record time, indicating demand for yield from investors with on-chain capital. The traditional fund manager launched its BlackRock USD Institutional Digital Liquidity Fund (BUIDL), on the ethereum blockchain on 20 March this year, in partnership with Securitize,
As required by the President of Mexico, Andrés Manuel López Obrador (AMLO), on Monday, July 1, his government began delivering the first pension supplements to retired workers. The date was significant for the president and his administration because it marked the sixth anniversary of what he considers his historic electoral victory in 2018, and the
VinaCapital Vietnam Opportunity Fund Limited AccumUSD (GB:VOF) has released an update. VinaCapital Vietnam Opportunity Fund Limited announced the buyback and cancellation of 100,000 of its USD Shares on July 11, 2024, at a price of GBP 4.92 per share. Post transaction, the total number of shares held in treasury stands at 6,182,716 with the total
News Brazilian development bank BNDES plans to provide financing of 32.1bn reais (US$5.94bn) through its fund for initiatives to mitigate climate change. The financing, expected to be available until the end of 2026, will focus on clean energy and transportation projects. The bank’s climate fund provides financing for companies and government decarbonization projects at an
Teacher Retirement System of Texas has disclosed making two new investments totalling $150m (€138.6m), split between a GreenPoint Partners real estate fund and a Riverbend Energy fund. The pension fund revealed in its June commitments list that it placed $75m into GreenPoint REPE Fund I and issued a $74.4m commitment to the Riverbend XI. Texas Teachers said the value-add
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced
The UK has launched a multi-billion pound national wealth fund to power green invest and infrastructure development in an effort to grow the economy. So far £7.3bn in state funds has been allocated so investments can be made “immediately” in areas such as ports, manufacturing and renewable energy. The move is part of Labour’s plans
Late last month, the coronation of Jeff Bezos and his partner Lauren Sánchez as environmental royalty was complete. At Conservation International’s glitzy annual gala in New York, with Harrison Ford, Jacinda Ardern and Shailene Woodley looking on, the couple were given the global visionary award for the financial contribution of the Bezos Earth Fund to
One hundred years ago on Thursday, Edward Leffler, a former door-to-door salesman of pots and pans, revolutionised financial markets. His invention, the open-ended mutual fund, allowed retail customers to buy into a diversified portfolio of stocks and be confident that they would get a fair value when they wanted their money back. Leffler’s innovation gave
Long-term US fund flows notched their seventh straight month of inflows in November, collectively raking in a net $80 billion. In a volatile month, investors appeared affected by rate-cutting expectations, as well as uncertainty around the artificial intelligence stock trade. Consistent with the past several months, flows favored taxable bonds, especially lower-risk areas within it,