Sovereign wealth fund

BitWell Responds to the U.S. DoJ's Prosecution for Helping Russians Hide Assets: No Personal Data Will Be Provided

Retrieved on: 
Saturday, March 26, 2022
OFAC, Crime, Central bank, Arrest, Sovereign wealth fund, United States Department of Justice, Justice minister, Privacy, CEO, Office of Foreign Assets Control, Cryptocurrency, Gold, Justice, United States Department of the Treasury, CB Bank, DOJ, Russian National Wealth Fund, Ministry, Department, State, Freedom, Online gambling, Coinbase

Not only targeting Russian tycoons, on March 12, the DOJ also said it would prosecute banks and cryptocurrency exchanges that help Russians hide their assets.

Key Points: 
  • Not only targeting Russian tycoons, on March 12, the DOJ also said it would prosecute banks and cryptocurrency exchanges that help Russians hide their assets.
  • OFAC and the US Department of Justice said that cryptocurrency exchanges need to take measures to ensure that Russians cannot make transactions.
  • And companies or individuals determined to be complicit for directly or indirectly attempting to assist Russia in circumventing US sanctions will also be sanctioned.
  • In this regard, Brian Armstrong, CEO of Coinbase, the largest US cryptocurrency exchange, noted that all US companies must comply with the law.

PHI Group Successfully Concluded the Certified Finance Trade Mission to the United Arab Emirates

Retrieved on: 
Friday, April 1, 2022
Diamond, Company, Private Securities Litigation Reform Act, Sovereign wealth fund, Partnership, U.S. Department of Commerce Office of Security, Long Thanh International Airport, Gross domestic product, Insurance, CEO, 1979 U.S. embassy burning in Islamabad, U.S. Department of Defense Strategy for Operating in Cyberspace, United, United Arab Emirates, GLOBE, Family, Income, News, Commerce, Tây Ninh, Multi-family office, Financial services

This was the first in-person UAE Trade Mission being organized by Trademissions.org in partnership with the U.S. Department of Commerce Trade Administration International and the auspices of the U.S. Embassy in the UAE.

Key Points: 
  • This was the first in-person UAE Trade Mission being organized by Trademissions.org in partnership with the U.S. Department of Commerce Trade Administration International and the auspices of the U.S. Embassy in the UAE.
  • Trademissions.orgs goal is to help US fund managers raise capital outside of the US.
  • Through these Certified Trade Mission events, we had the excellent opportunities to access leading certified investors and top finance industry executives from the United Arab Emirates and the Middle East region that have shown keen interest in PHILUX Global Funds and our vetted investment opportunities in Vietnam.
  • PHI Group ( www.phiglobal.com , PHIL ) primarily focuses on advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as Reserved Alternative Investment Fund (RAIF) and building the Asia Diamond Exchange (ADE) in Vietnam.

In record time, QI Tech announces its first acquisition after GIC investment

Retrieved on: 
Thursday, December 23, 2021
GIC, Technology, Sovereign wealth fund, Credit, CEO, Central bank, IFood, Acquisition, View, Solution, Central Bank of Brazil, KYC, Data science, QI, SCD, Multimedia, Bentivoglio, Financial services, Bank, Garow, Centro Universitário das Faculdades Metropolitanas Unidas

SÃO PAULO, Dec. 23, 2021 /PRNewswire/ -- QI Tech, a technology company with banking license and the first Direct Credit Company approved by the Central Bank of Brazil, announces its first acquisition, in record time, after the $50m investment round by Singapore's Sovereign Wealth Fund (GIC). The acquisition of Zaig is part of QI Tech's strategy of becoming a "one stop shop" solution for credit services. With the acquisition, the company is now able to offer end-to-end Credit as a Service to all of its clients.

Key Points: 
  • SO PAULO, Dec. 23, 2021 /PRNewswire/ --QI Tech, a technology company with banking license and the first Direct Credit Company approved by the Central Bank of Brazil, announces its first acquisition, in record time, after the $50m investment round by Singapore's Sovereign Wealth Fund (GIC).
  • The acquisition of Zaig is part of QI Tech's strategy of becoming a "one stop shop" solution for credit services.
  • The acquisition of Zaig will allow QI Tech to facilitate the work of integrating clients, as we now offer a complete credit solution," says Pedro Mac Dowell, founder and CEO of QI Tech.
  • Over a month ago, QI Tech received a $50 million investment from GIC, announcing that part of the capital raised would be destined to M&A operations.

Key Trends and Opportunities in the Russian Construction Market to 2025 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 22, 2021
Construction & Property, Other Construction & Property, Affordable housing, Construction, US, Yoy, Investment, Growth, Industry, Government, Wind, COVID-19, Development, Renewable energy, Sovereign wealth fund, Finance, Animal, Risk management, Oil

The "Construction in Russia - Key Trends and Opportunities to 2025 (Q3 2021)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Construction in Russia - Key Trends and Opportunities to 2025 (Q3 2021)" report has been added to ResearchAndMarkets.com's offering.
  • According to Rosstat, the construction industry's value-add grew by 0.1% year on year (YoY) in the first quarter of 2021.
  • The report provides detailed market analysis, information and insights into the Russian construction industry, including:
    the Russian construction industry's growth prospects by market, project type and construction activity
    Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Russian construction industry
    Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
  • It provides -
    Historical (2016-2020) and forecast (2021-2025) valuations of the construction industry in Russia, featuring details of key growth drivers.

Arch, a Next-Gen Platform for Alternative Asset Management, Raises $5.5 Million from Craft Ventures to Automate Everything Except Advice for Private Investors

Retrieved on: 
Wednesday, December 8, 2021
Soma, Diamond, Engineering, Tax, Good Friends, API, Growth, General partnership, Robin Hood, Third party, Foundation, APX, View, CEO, Sovereign wealth fund, The Three Bells, Craft Ventures, Multimedia, E*TRADE, Endowment, MIT, Financial management, Mission statement, Fidelity, Black Diamond, Investment, Cryptocurrency, Financial adviser, Bank, Security (finance)

With Arch, investors are able to manage their investments in one place, at 5x the speed they worked before.

Key Points: 
  • With Arch, investors are able to manage their investments in one place, at 5x the speed they worked before.
  • Arch connects with the back office for each private investment, receiving all documents and communications in a secure, aggregated platform.
  • Arch connects with the back office for each private investment, receiving all documents and communications in a secure, aggregated platform.
  • The platform collects tax documents across every investment, organizing critical information and delivering these documents automatically to Accountants and Tax Advisors.

Inherent Wealth Fund LLC, an ETF sponsor, is announcing the launch of iBET Sports Betting & Gaming (NDAQ IBET)

Retrieved on: 
Tuesday, November 16, 2021
Sovereign wealth fund, ETF, View, Industry, Mandeville-Anthony v. Walt Disney Co., SAN, Prospectus, NASDAQ, Wall Street, Main Street, Growth, Investment, Multimedia, Sport, NAV, Risk, Online gambling, Financial adviser

"We're excited about the growth of this industry as more states move toward legalizing sports betting. With the recent announcement and entry of Disney (Walt Disney Co NYSE DIS) into the sports betting arena, we believe it's the green light that sports betting in the United States has arrived both on Main Street & Wall Street." --Jeffrey Kamys

Key Points: 
  • SAN FRANCISCO, Nov. 16, 2021 /PRNewswire/ -- Inherent Wealth Fund LLC, an ETF sponsor focused on thematic and sector-specific investing that appeals specifically to the next generation of investors, including a growing retail community, is announcing the launch of iBET Sports Betting & Gaming (NASDAQ: IBET).
  • iBET sports betting & gaming ETF is the first and only actively managed sports betting & gaming ETF.
  • Inherent Wealth Fund founder, CEO Jeffrey Kamys is bringing more than 15 years of experience in the fantasy sports, sports analytics, and sports world to manage the fund.
  • "We're excited about the growth of this industry as more states move toward legalizing sports betting.

Kotak Special Situations Fund to invest INR 1000 crores in Sify’s Data Center business

Retrieved on: 
Monday, November 1, 2021
Cloud, Digital, Sovereign wealth fund, ICT, Investment company, USD, Securities Act of 1933, City, KSSF, EfTEN Real Estate Fund III, Partnership, Security, Vendor-neutral data centre, Database, Adoption, MPLS, Enterprise, SIS, Kotak Mahindra Bank, Investment advisory, SEC, SEBI, Stock, Private-equity fund, SISL, United Kingdom, Private, Data center, Growth, DC, INR, U.S. Securities and Exchange Commission, Solution, Kotak, Personal Data Privacy and Security Act of 2009, GLOBE, Securities Exchange Act of 1934, Entrepreneurship, KIAL, Digital India, Security (finance), Financial adviser

SISL is a leading data centre services player in India, serving Indian and Global enterprise customers and hyperscalers from its ten operational Data Centres across the country.

Key Points: 
  • SISL is a leading data centre services player in India, serving Indian and Global enterprise customers and hyperscalers from its ten operational Data Centres across the country.
  • India is witnessing the rise of Information technology-driven entrepreneurship and business growth.
  • Kotak Investment Advisors Limited (KIAL), a part of the Kotak Mahindra Bank (Kotak), focuses on the Alternate Assets business.
  • Kotak Special Situations Fund (KSSF) is an Alternative Investment Fund under SEBI regulations managed by the Alternate Asset Management Company - Kotak Investment Advisors Ltd. KSSF currently manages a USD 1 billion fund and is uniquely positioned to be a provider of customised solutions capital to corporates.

Kimberly Evans Named Northern Trust’s Head of Corporate Sustainability, Inclusion and Social Impact

Retrieved on: 
Thursday, October 28, 2021
Banking, LGBTQ+, Professional Services, Philanthropy, Consumer, Environment, Foundation, Public Relations, Investor Relations, Other Consumer, Women, Communications, Finance, Other Philanthropy, Head Office, Mark (given name), Head, Social responsibility, University, Business Leaders for Michigan, Social impact, Industry, Ethics, Equity, Twitter, Forbes, Government, Treasury, Sovereign wealth fund, Central, Leadership, Chicago (franchise), Financial Times, Bloomberg, Nasdaq, Woman, Culture, Corporate sustainability, Gender Equality Index, Chicago Annenberg Challenge, The Hedge Fund Journal, Magazine, Public relations, Management

Northern Trust has named Kimberly Evans as Head of Corporate Sustainability, Inclusion and Social Impact, effective December 1, 2021.

Key Points: 
  • Northern Trust has named Kimberly Evans as Head of Corporate Sustainability, Inclusion and Social Impact, effective December 1, 2021.
  • Evans succeeds Connie Lindsey, Northern Trusts Corporate Social Responsibility and Global Diversity, Equity and Inclusion leader.
  • Evans is an Executive Vice President and currently serves as the North America Head of Private Capital Administration.
  • In addition to her business responsibilities, Evans serves as President of the Women In Leadership Business Resource Council within Northern Trust.

UNITE Dubai - Middle East Private Wealth Gathers on Eve of Expo2020 to Discuss Investment, Trade and Philanthropy

Retrieved on: 
Wednesday, October 27, 2021
Narrative, Ethos, Microsoft, Overseas Private Investment Corporation, Program, Private sector, Government, First Nations in Ontario, Disease, Adit, Speech, RWE, Official, Common, IOT, NFT, Innovation, Science and technology in Asia, Cyprus Securities and Exchange Commission, Patient, Appetite, Part, CEO, Cyprus Investment Promotion Agency, United Nations, SoFi, Arabian Business, Technology, Population, Community engagement, Education, Income, World Economic Forum, AIF, ROI, Year, Name, Digital, Private equity, Sovereign wealth fund, Startup company, Social network, News, Founder, U.S. Securities and Exchange Commission, Spotify, Partnership, Financial services, Pharmaceutical industry, Public relations, Cryptocurrency

The World Humanitarian Forum, Part of the United Nations discussed topics such as 'Building Forward Better' and on their plans here in the UAE.

Key Points: 
  • The World Humanitarian Forum, Part of the United Nations discussed topics such as 'Building Forward Better' and on their plans here in the UAE.
  • UNITE Dubai and The Private Investment Group are proud to support such initiatives and do all that we can in promoting the UAE and the wider region.
  • The Middle East region's premier resource for informed news, features, and commentary covering sectors as construction, banking, technology and leisure in both English and Arabic.
  • Welthee, is a Decentralized Investment Fund that offers institutions and money managers a disruptive technology for unprecedented risk mitigation methods, diversification through a user-friendly platform.

SUMA Wealth Receives $2 Million in Additional Funding to Meet Unprecedented Growth and Further Empower Latino Community

Retrieved on: 
Tuesday, October 12, 2021
Twitter, Salesforce, QuickBooks, Google Play, Acceleration, Culture, Female, Growth, Chase, Sovereign wealth fund, Instagram, Nature, Kwanza Jones, Morgan Stanley, CEO, Generation Z, MX, Compliance, Technology, Data management, Clickteam, Acevedo, App Store (iOS/iPadOS), Cryptocurrency

Funding will be used to expand SUMA's technical capabilities and grow headcount, which will better position SUMA to meet its goal of eradicating the Latino wealth gap.

Key Points: 
  • Funding will be used to expand SUMA's technical capabilities and grow headcount, which will better position SUMA to meet its goal of eradicating the Latino wealth gap.
  • "The SUMA cap table looks like the SUMA community," said Samara Hernndez.
  • SUMA Wealth is the leading financial technology company devoted to increasing prosperity, opportunity, and financial inclusion for young, U.S.-born Latinos.
  • SUMA also creates user-centric content and brand-based experiences that inspire, inform and empower the community to build wealth and control their financial future.