Proxima Media, a firm founded by film producer Ryan Kavanaugh, has raised $100 million for a token that allows investment in media content. The new token, called Proxicoin, received the notable backing from VC firms Step Ventures and the Central Wealth Investment Fund of Hong Kong, Proxima announced Thursday. Proxicoin is built on the ethereum blockchain and allows fractional ownership of film, television, music and other IP-driven content even for small investors, according to the firm. The "fully audited" token is expected to be listed and traded on Asian cryptocurrency exchange Fusang through a deal that's already been inked, Proxima said.
In the previous week, the reserves had risen by $1.368 billion to reach $420.055 billion. : After rising for the past few weeks, the country's foreign exchange reserves declined $2.057 billion to $417.998 billion in the week to May 17 on account of a fall in foreign currency assets, RBI data showed May 24. In the reporting week, foreign currency assets, which are a major component of the overall reserves, decreased by $2.030 billion to $390.197 billion.
Many have recently lamented the decline in the number of IPOs and public companies generally (about half the number since the boom in 1996), and numerous reasons have been offered in explanation, from regulatory burden to hedge-fund activism....By: Cooley LLP.
The troubled Swiss asset manager GAM has found support from a George Soros hedge fund unit. SFM UK Management LLP, a unit of the George Soros hedge fund empire, accumulated a 3% stake in GAM Holding, according to a filing on the SIX Swiss Exchange website. GAM's largest shareholder remains Silchester International Investors with a [...] We'll deliver the most current and interesting sovereign wealth and financial news straight to your inbox When you purchase this article, you will be provided a unique link to view the full article and see your payment receipt.
David Tepper is moving away from finance in another sign that the golden days of the hedge fund industry are over. The billionaire founder of Appaloosa plans to return assets under management to investors and take a larger role in managing his Carolina Panthers NFL franchise. Tepper is the highest profile manager to quit the industry since Stan Druckenmiller shuttered his firm over eight years ago. Bloomberg's Tom Metcalf reports on "Bloomberg Markets: European Open." (Source: Bloomberg)
Vedanta's $400-million investment into the Gamsberg zinc mine, in South Africa's Northern Cape, will result in Africa's zinc production rising to 5% of global production, compared with the current 3.4%, CNN said on Friday. CNN Marketplace Africa will...
The company's consolidated total income declined 10.36 per cent to Rs 4363.10 crore for the year ended March 2019 from Rs 4867.43 crore in the previous year while the expenditure remained almost flat.
Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities. The post B2Gold says not trying to buy Zimbabwe gold project appeared first on MINING.com.
U.s. Fintech Zero Financial Secures $20M Through Series A Financing Round Led By New Enterprise Associates
US Fintech Zero Financial Secures $20 Million Through Series A Financing Round Led By New Enterprise Associates Crowdfund InsiderU.S.-based fintech Zero Financial announced on Thursday it secured $20 million through its Series A financing round, which was led by New Enterprise.
Robert Eccles, a visiting professor of management practice at Said Business School at the University of Oxford, says that the global investment community's interest in environmental, social, and governance (ESG) issues has finally reached a tipping point. Large asset management firms and pensions funds are now pressuring corporate leaders to improve sustainability practices in material ways that both benefit their firms' bottom line and create broader impact. They're also advocating for more uniform metrics and industry standards. Eccles is the author of the HBR article "The Investor Revolution." What issues do the world's largest investors care about most, right now?