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Canada's Richest Families Have As Much Wealth As 12 Million People
Canada's richest families collectively own the same amount as nearly a third of the country, and a new report points to a couple of reasons why.According to an analysis from the Canadian Centre for Policy Alternatives, Canada's 87 wealthiest families have a combined net worth of $259 billion, meaning on average they have 4,448 times more wealth than the average family. Full investment news article
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University of Nebraska Foundation,
Northern Trust Opens Doors To Cryptocurrency Hedge Funds As Part Of Pervasive Blockchain Expansion
Financial services giant Northern Trust has significantly expanded its work with blockchain and cryptocurrencies across multiple divisions. In addition to adding a number of new blockchain features for managing its private equity workflow, the company, which has almost $10.7 trillion in assets under custody and administration, has also quietly opened its fund administration services to a select group of hedge funds betting on bitcoin and ethereum. These potentially groundbreaking projects amount to one of the most significant pushes into cryptocurrency … Full investment news article
Relevent to this post: Michael Novogratz
PwC,