Latest Investment management News

Tax records: Pritzker, wife report $5.1M income for 2020

Oct. 16, 2021 09:45 AM EDT

CHICAGO (AP) — Illinois Gov. J.B. Pritzker and his wife M.K. Pritzker reported adjusted gross income of about $5.1 million in 2020, according to portions of his tax returns released by the billionaire Democrat's campaign. About $2.2 million of that income was taxable,...

Watchdog: Psaki violated ethics law by promoting McAuliffe

Oct. 15, 2021 18:38 PM EDT

WASHINGTON (AP) — A government watchdog group said Friday that it had filed an ethics complaint against White House press secretary Jen Psaki for a comment she made about former Virginia Gov. Terry McAuliffe, a Democrat who is running for election to his old post. ...

Mistake in land records: Mississippi home is sold for $236

Oct. 15, 2021 13:39 PM EDT

PICAYUNE, Miss. (AP) — A Mississippi woman says county government sold her house for $236 because of a mix-up in land records — and she wants assurances that her family won't be left homeless because of someone else's mistake. Tiffany Ingram of Picayune told WLOX-TV...

Massachusetts Medicaid fraud case settled for $25M

Oct. 15, 2021 11:54 AM EDT

BOSTON (AP) — A private equity firm and two former executives at a mental health provider have agreed to pay $25 million to settle a lawsuit that alleged they caused fraudulent claims to be submitted to the state's Medicaid program, the state attorney general's office said. ...

Harvard's largest-in-the-nation endowment surpasses $53B

Oct. 14, 2021 14:10 PM EDT

CAMBRIDGE, Mass. (AP) — Harvard, already the nation's wealthiest university, grew its endowment to more than $53 billion in the latest fiscal year, the Ivy League school reported in its annual financial report released Thursday. The $11.3 billion in growth over the the...

Star stock picker Cathie Wood moves NYC firm to Florida

Oct. 06, 2021 17:13 PM EDT

ST. PETERSBURG, Fla. (AP) — A star stock picker who focuses on innovative companies is leaving New York City and relocating her asset management firm to Florida. Cathie Wood is a well-known analyst, and founder and CEO of ARK Investment Management LLC. The company said...

US private equity firm wins auction for Britain's Morrisons

Oct. 02, 2021 11:47 AM EDT

LONDON (AP) — An American private equity group saw off a rival to narrowly win the battle to buy British supermarket chain Morrisons following a dramatic auction Saturday for the company. Britain's Takeover Panel said New York-based Clayton, Dubilier & Rice...

Women, minorities manage 17% of major foundations' assets

Sep. 30, 2021 14:09 PM EDT

Less than 20% of the assets held by major foundations is invested by outside firms run by women or people of color, according to a report released Thursday. Commissioned by the Knight Foundation, the report found that 30 of the largest grantmakers deployed a total of $11...

How to benefit from corporate pledges to minority businesses

Sep. 30, 2021 07:01 AM EDT

Since the start of 2020, companies from Bank of America and JPMorgan Chase to Google and Twitter have pledged billions of dollars to support entrepreneurs of color. All those dollars don’t go directly into business owners’ pockets, however. Many are being invested in...

McAuliffe, Youngkin hold fiery debate on vaccinations, taxes

Sep. 29, 2021 01:35 AM EDT

RICHMOND, Va. (AP) — Democrat Terry McAuliffe and Republican Glenn Youngkin clashed Tuesday evening over vaccinations, tax policy, education and their respective records in the second and final debate in Virginia's closely watched gubernatorial election. The event...