Latest Investment management News

Will money-back guarantee win over wealthy donors?

Jun. 13, 2022 14:28 PM EDT

A glossy book is arriving at the homes and offices of America’s wealthiest individuals. Inside is a charity pitch that aims to raise as much as $6 billion for nonprofits fighting global poverty. The proposition? Donate and get results — or your money back. The...

Georgia investment adviser on the run ordered to pay $12M

Jun. 08, 2022 13:49 PM EDT

ATLANTA (AP) — A financial adviser who's been on the run for nearly two years has been ordered to pay $12 million to his victims in Georgia, North Carolina and Florida. The default judgment was recently entered in a lawsuit brought by the federal Securities and Exchange Commission...

Editorial Roundup: Ohio

Jun. 06, 2022 13:47 PM EDT

Sandusky Register. June 3, 2022. Editorial: Jim Jordan must testify If you were subpoenaed by a Congressional committee to appear before it and testify, you would likely comply, or be taken into custody for defying it. That is a rule of law. It might...

Real estate firm exits Atlanta civic center redevelopment

Jun. 04, 2022 11:05 AM EDT

ATLANTA (AP) — A New York real estate investment firm has pulled out of redeveloping Atlanta's shuttered civic center, raising questions about the plans. The Atlanta Journal-Constitution reports Tishman Speyer withdrew this week. The Atlanta Housing Authority had late last month...

New Zealand Rugby to sign commercial deal with Silver Lake

Jun. 02, 2022 02:45 AM EDT

WELLINGTON, New Zealand (AP) — New Zealand Rugby has been given approval to sign a ground-breaking deal with California-based private equity firm Silver Lake which will bring a cash windfall but which some observers fear may threaten the “special bond” between New Zealanders and their...

Japan's troubled Toshiba proposes outside directors to board

May. 26, 2022 07:41 AM EDT

TOKYO (AP) — Troubled Japanese technology giant Toshiba announced some additions to its proposed leadership Thursday, ahead of a shareholders’ meeting next month. Toshiba Corp. said it seeks to add on the board outside directors, such as Nabeel Bhanji, an executive at Elliott...

Court battles go down to count deadline in Pa. Senate race

May. 24, 2022 17:57 PM EDT

HARRISBURG, Pa. (AP) — Former hedge fund CEO David McCormick went to Pennsylvania's highest court Tuesday in an eleventh-hour bid to help him close the gap in votes with celebrity heart surgeon Dr. Mehmet Oz in Pennsylvania's neck-and-neck Republican primary contest for U.S. Senate. ...

Pa. Senate GOP primary too close to call, recount likely

May. 20, 2022 20:55 PM EDT

HARRISBURG, Pa. (AP) — Pennsylvania’s Republican primary for an open U.S. Senate seat is too close to call and is likely headed for a statewide recount to decide the winner of the contest between heart surgeon-turned-TV celebrity Dr. Mehmet Oz and former hedge fund CEO David McCormick. ...

Ruling in securities case could mean limits on regulators

May. 20, 2022 16:18 PM EDT

NEW ORLEANS (AP) — A divided federal appeals court panel in New Orleans has vacated stiff financial penalties imposed on a hedge fund manager by the Securities and Exchange Commission, ruling that he was unconstitutionally denied a jury trial by the agency. This week's 2-1 ruling...

NOT REAL NEWS: A look at what didn't happen this week

May. 20, 2022 12:33 PM EDT

A roundup of some of the most popular but completely untrue stories and visuals of the week. None of these are legit, even though they were shared widely on social media. The Associated Press checked them out. Here are the facts: ___ Experts: Mars ‘doorway’ just...