Deadpool Wears Pink to Raise Funds for ‘F–k Cancer’ Initiative

Wade Wilson is not a fan of cancer. So it’s no surprise that Deadpool has partnered with Omaze in a fundraising campaign to fight the disease. The Merc with a Mouth released a Deadpool Omaze campaign video to raise funds for an initiative appropriately titled “F–k Cancer.” Donning a super-pink suit in place of his […]

Passive funds tracking an index lose out when its make-up changes

IS THERE hope for fund managers after all? Conventional “active” managers, who try to pick stocks that will beat the market, have been losing ground to “passive” funds, which simply own all assets in a given sector in proportion to their market value. The main advantage of the latter group is that they charge a […]

Malaysia is giving away $1.6 billion in free money to its citizens, and rejects claims it is using the funds to influence some voters

ISHARA S. KODIKARA/AFP/Getty Images Malaysia’s government is rolling out $ 1.6 billion of cash giveaways this week. The 1Malaysia People’s Aid is supposed to be an aid package to help 7 million residents around the country, but the opposition claimed the purpose was to buy votes. Prime Minister Datuk Seri Najib Razak rejected those claims, saying […]

Hedge funds are pulling in billions — here are the hottest strategies

REUTERS/Kai Pfaffenbach Hedge funds are expected to pull in $ 41 billion in fresh assets this year, according to a survey by Deutsche Bank. That’s a drop in the bucket for the $ 3.2 trillion industry, but it’s striking because hedge funds for years have not met their clients’ return targets. Event-driven, fundamental equity long-short […]

Passive funds tracking an index lose out when its make-up changes

IS THERE hope for fund managers after all? Conventional “active” managers, who try to pick stocks that will beat the market, have been losing ground to “passive” funds, which simply own all assets in a given sector in proportion to their market value. The main advantage of the latter group is that they charge a […]

Ex-terrorist group funds Paris trip for British Labour MP Toby Perkins

A group, formerly listed as a terrorist organization by the UK and US, funded a trip to Paris for a Labour MP. Toby Perkins was at an event run by the National Council of Resistance of Iran, described by ex-members as a cult. Perkins, the representative for Chesterfield, while not being the only British MP […]

Direct-lending funds in Europe

WHEN Caronte & Tourist, a Sicilian ferry company, needs a new ship, it is cheap and easy to borrow from a bank. But in 2016, when Caronte’s controlling families wanted to buy back the minority stake held by a private-equity firm, banks balked at the loan’s unusual purpose. Edoardo Bonanno, the chief financial officer, also […]

China recovers $112 million in misused poverty relief funds: State news agency

REUTERS/Kim Kyung-Hoon Chinese authorities have reportedly recovered 730 million yuan ($ 112.20 million) in misused funds. The report gave no details on how the funds were misused. China’s government has pledged to wipe out poverty by 2020. China has spent 196.1 billion yuan ($ 30.14 billion) on poverty relief over the past four years, according […]