Latest Investment management News

Blockchain investment firm to relocate its HQ to Connecticut

Nov. 29, 2021 13:27 PM EST

STAMFORD, Conn. (AP) — A firm that invests in Bitcoin and blockchain technology companies is relocating its headquarters from New York City to Stamford and is expected to create more than 300 new jobs over the next five years, Gov. Ned Lamont announced Monday. Digital...

Biden wishes Americans happy, closer-to-normal Thanksgiving

Nov. 25, 2021 19:58 PM EST

NANTUCKET, Mass. (AP) — President Joe Biden on Thursday wished Americans a happy and closer-to-normal Thanksgiving, the second celebrated in the shadow of the coronavirus pandemic, in remarks welcoming the resumption of holiday traditions by millions of U.S. families — including his own. ...

Liberal Oregon resists dropping controversial investments

Nov. 23, 2021 20:19 PM EST

SALEM, Ore. (AP) — Oregon residents are increasingly pushing for the state to divest from fossil fuel companies and other controversial investments, but the state treasury is resisting and putting the onus on the Legislature. In addition to fossil fuel companies whose...

Thailand's DTAC and True to merge, pursue tech businesses

Nov. 22, 2021 21:42 PM EST

Major Thai telecoms companies DTAC and True Corp. plan to merge to pursue opportunities in the tech sector, their parent companies said Monday. Thai National Broadcast reported that regulators were asking the companies for clarification about the plan announced by...

Lamont says no profit from wife's investment in testing firm

Nov. 22, 2021 12:31 PM EST

HARTFORD, Conn. (AP) — Connecticut Gov. Ned Lamont says a health care company that received funds from his wife's venture capital firm and was contracted by the state to perform COVID-19 testing has not yet generated any profits. But the Democrat reiterated to the...

Black entrepreneurs in Miami feel bypassed by the tech boom

Nov. 21, 2021 03:11 AM EST

MIAMI (AP) — Black hair care is often overlooked by venture capitalists, a world that remains distant from Black and Brown communities. Only 2% of venture capitalists are Black men and only 1% are Black women. Miami entrepreneur Rishielle Giscombe is undeterred. In an...

Rare first printing of US Constitution sells for record $43M

Nov. 19, 2021 15:20 PM EST

NEW YORK (AP) — A rare first printing of the U.S. Constitution sold at Sotheby’s in New York for $43.2 million, a record price for a document or book sold at auction. The buyer, hedge fund manager Kenneth Griffin, will loan the document to the Crystal Bridges Museum...

Louisiana bars banking giant from bond deal over gun policy

Nov. 18, 2021 16:48 PM EST

BATON ROUGE, La. (AP) — Louisiana officials Thursday blocked banking giant JP Morgan Chase from participating in a bond refinancing deal, in Republicans' escalating effort to keep some large investment firms sidelined from state work because they limit business with firearm manufacturers. ...

Reports: Trump selling DC hotel to investment firm for $375M

Nov. 15, 2021 12:01 PM EST

WASHINGTON (AP) — Donald Trump’s opulent hotel near the White House that drew lobbyists and diplomats seeking favor with the ex-president as well as criticism as a symbol of his ethics conflicts is being sold to a Miami investment group, according to published reports citing anonymous...

Data center REITs fetch big money; CyrusOne sold for $11.5B

Nov. 15, 2021 08:25 AM EST

CyrusOne is being acquired for $11.5 billion, the second big sale in recent months of a real estate investment trust focused on data centers. In August, Blackstone completed a $10 billion acquisition of QTS Realty Trust Inc. On Monday, CyrusOne, said...