Latest Trusts and fund management News

Union: Protect casino workers from hedge fund neglect

Apr. 10, 2019 2:35 PM EDT

ATLANTIC CITY, N.J. (AP) — The nation's largest casino workers union is asking gambling regulators to protect employees from neglect by hedge funds or private equity firms seeking short-term returns from casino ownership. Unite Here approached gambling regulators in three states Wednesday, asking them to...

California governor criticizes PG&E's plan for new board

Mar. 28, 2019 7:29 PM EDT

SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Thursday that Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety, and he urged the utility's leader to change course. "With this...

The Latest: Utility shares few details on new board plans

Mar. 28, 2019 5:27 PM EDT

SACRAMENTO, Calif. (AP) — The Latest on Pacific Gas & Electric Corp.'s board restructuring (all times local): 2:15 p.m. A Pacific Gas & Electric spokeswoman has declined to address whether the utility is planning to replace its board with hedge fund financiers and people without utility expertise....

Decline in readers, ads leads hundreds of newspapers to fold

Mar. 11, 2019 8:27 AM EDT

WAYNESVILLE, Mo. (AP) — Five minutes late, Darrell Todd Maurina sweeps into a meeting room and plugs in his laptop computer. He places a Wi-Fi hotspot on the table and turns on a digital recorder. The earplug in his left ear is attached to a police scanner in his pants pocket. He wears a tie; Maurina...

Stock market turmoil pushes Norway's oil fund to loss

Feb. 27, 2019 4:57 AM EST

COPENHAGEN, Denmark (AP) — Volatility in stock markets last year pushed Norway's sovereign wealth fund, the world's largest of its kind, to report a loss of 485 billion kroner ($56.4 billion) for 2018. Fund manager Norges Bank Investment Management says the fund's worst-performing investments in 2018 were...

US embassy in Russia allowed to visit jailed investor Calvey

Feb. 26, 2019 10:04 AM EST

MOSCOW (AP) — The United States Embassy in Moscow said Tuesday a representative has been allowed to visit the jailed fund manager Michael Calvey, whose detention over an alleged fraud has shaken confidence among foreign investors. "Today an Embassy representative met with Mr. Calvey to express our support...