International Business News - Fund http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif An activist hedge fund has taken an 8 percent stake in cable operator Cablevision Systems Corp., a regulatory filing showed Thursday. Harbinger Capital and its affiliates reported in documents filed with the Securities and Exchange Commission that they own nearly 19 million shares of Cablevision. http://www.ibtimes.com/articles/20080821/hedge-fund-acquires-8-pct-stake-in-cablevision.htm Thu, 21 Aug 2008 18:32:42 EDT A Florida man is accused of running a Ponzi scheme that took in more than $20 million in less than five years by promising investors an annual return of 50 percent from foreign currency markets. http://www.ibtimes.com/articles/20080821/florida-man-accused-of-running-ponzi-scheme.htm Thu, 21 Aug 2008 10:35:15 EDT Brazil is considering a second, proposed sovereign-wealth fund to invest rising oil income overseas, as many of the world's top oil powers have done. Energy Minister Edison Lobao said Tuesday that Brazil is studying how the world's biggest oil-producing nations have invested surging profits, and may create a fund to exclusively invest earnings from a series of its own major, recent offshore oil finds. http://www.ibtimes.com/articles/20080819/brazil-studies-second-proposed-sovereign-fund.htm Tue, 19 Aug 2008 15:40:30 EDT A federal court ordered the former president and founder of hedge fund to pay nearly $300 million for defrauding clients. Federal prosecutors in November indicted Paul Eustace, president and founder of Philadelphia Alternative Asset Management Co., on two criminal counts of commodities fraud. http://www.ibtimes.com/articles/20080819/hedge-fund-founder-to-pay-nearly-300-million.htm Tue, 19 Aug 2008 14:55:32 EDT Most mutual fund investors appear to be heeding the advice of financial planners who typically urge clients to stick it out for the long run, even if their portfolios take a short-term hit when markets fall, according to a pair of reports Friday. http://www.ibtimes.com/articles/20080815/investors-stick-with-mutual-funds-in-down-economy.htm Fri, 15 Aug 2008 15:53:49 EDT Venezuela is promising 17 countries across the Americas $2 million each in agricultural aid. Agriculture Minister Elias Jaua says the fund will initially support countries with the "most urgent projects." http://www.ibtimes.com/articles/20080814/venezuela-kicks-off-regional-food-aid-fund.htm Thu, 14 Aug 2008 18:19:45 EDT The $126.9 billion state pension fund lost 4.4 percent of its value in the last fiscal year, but the official who oversees Florida's investments says that's not bad in these hard economic times. http://www.ibtimes.com/articles/20080812/fla-state-pension-fund-loses-4-4-percent-in-year.htm Tue, 12 Aug 2008 17:54:08 EDT Some illegal immigrants arrested in workplace raids by federal agents will now have a resource to help them post bond and have a day in court. The National Immigrant Bond Fund will launch a fundraising campaign and make its national debut during a news conference at Casa de Maryland in Silver Spring on Monday. The immigrant advocacy group helped workers seized in a recent federal raid in Annapolis access the bond fund, which was formalized about three months ago. http://www.ibtimes.com/articles/20080811/bond-fund-aids-illegal-immigrants-with-court-costs.htm Mon, 11 Aug 2008 11:53:02 EDT The board that manages Massachusetts' $50.6 billion pension fund has fired five firms that managed a $1.82 billion U.S. stock portfolio, citing poor performance. http://www.ibtimes.com/articles/20080806/mass-pension-fund-fires-5-firms-of-us-portfolio.htm Wed, 06 Aug 2008 16:37:03 EDT The state trust fund used to pay benefits to jobless Nevadans is handling a big increase in claims even though it's $114 million below a projected September level, officials said Tuesday. http://www.ibtimes.com/articles/20080805/nevada-benefits-fund-ok-despite-jump-in-jobless.htm Tue, 05 Aug 2008 18:14:28 EDT A Kansas City, Mo., group that promotes biosciences research--and, some critics say, human cloning--has become a significant financial player in Kansas politics in recent months. http://www.ibtimes.com/articles/20080801/kansas-city-groups-fund-jumps-into-kan-politics.htm Fri, 01 Aug 2008 14:25:24 EDT Voters can help the state's economy by approving a ballot issue that calls for borrowing more money to preserve farmland and clean up polluted industrial sites, Gov. Ted Strickland and top lawmakers said Thursday. http://www.ibtimes.com/articles/20080731/voters-asked-to-renew-ohio-clean-fund.htm Thu, 31 Jul 2008 17:29:37 EDT Nokia Corp. is more than doubling the size of its direct venture investment fund with an injection of $150 million, with a view to putting some of the money to use in India and China. http://www.ibtimes.com/articles/20080731/nokia-to-beef-up-venture-fund-expand-in-china.htm Thu, 31 Jul 2008 00:03:40 EDT The European Union on Friday proposed a $1.6 billion two-year emergency fund to help poor countries cope with the global food crisis. European Commission President Jose Manuel Barroso said the fund will aim to help mostly African nations and stabilize supply markets. The fund has been put together from cash that has gone unspent in this year's EU farm budget. http://www.ibtimes.com/articles/20080718/eu-proposes-1-6b-food-crisis-fund.htm Fri, 18 Jul 2008 07:31:56 EDT Wal-Mart Stores Inc. said Monday it will phase out illegal wood sources and increase the products it buys from sustainable forest operations. The world's largest retailer is joining a World Wildlife Fund initiative to improve management of valuable and threatened forests. Wal-Mart said it would begin by cataloguing the sources of wood used in its wood furniture. The company set a goal of five years to eliminate wood from sources that aren't well managed. http://www.ibtimes.com/articles/20080714/wal-mart-to-phase-out-illegal-wood-sources.htm Mon, 14 Jul 2008 08:41:54 EDT Dominican President Leonel Fernandez wants oil-producing countries to share their profits with poor nations hit hard by high fuel prices. Fernandez says he supports the creation of a fund that would make at least US$40 billion available to impoverished countries around the world. http://www.ibtimes.com/articles/20080711/dr-to-oil-rich-nations-share-the-wealth.htm Fri, 11 Jul 2008 18:21:26 EDT An Argyle man convicted in a $15 million investment scam has been sentenced to 17 1/2 years in federal prison. A judge in Dallas on Tuesday sentenced 70-year-old Stanley A. Leitner. http://www.ibtimes.com/articles/20080709/texas-man-sentenced-in-15-million-investment-scam.htm Wed, 09 Jul 2008 10:20:41 EDT Purdue University is creating a new fund to help startup companies more quickly move research discoveries from the lab into the marketplace. The Emerging Innovations Fund was announced Wednesday by Purdue and the Purdue Research Foundation, which manages the West Lafayette campus' sprawling Purdue Research Park. http://www.ibtimes.com/articles/20080702/purdue-univ-creates-fund-to-aid-startup-firms.htm Wed, 02 Jul 2008 17:44:34 EDT Rock Racing owner Michael Ball is creating a professional cycling catastrophic injury fund, and the edgy, often-controversial fashion magnate and former bike racer is challenging other teams to join him in his latest pursuit. http://www.ibtimes.com/articles/20080630/rock-starts-catastrophic-injury-fund-for-cyclists.htm Mon, 30 Jun 2008 12:08:17 EDT An investor has sued a Greenwich hedge fund management firm, accusing its operators of siphoning off money and enriching themselves at the expense of investors. http://www.ibtimes.com/articles/20080626/investor-accuses-hedge-fund-of-siphoning-off-money.htm Thu, 26 Jun 2008 13:14:57 EDT