Almost two years since pooling their assets, the two funds have officially signed a successor fund transfer deed. : Almost two years since pooling their assets, the two funds have officially signed a successor fund transfer deed. Expected to take place in September 2023, the merger will see Maritime Super members transferred to Hostplus and all Maritime Super assets - already managed by Hostplus - brought into the broader Hostplus portfolio. Hostplus will also retain and administer some of Maritime's grandfathered defined benefit products.
The FTX founder told his parents that the position of Alameda Research, a hedge fund also founded by Sam Bankman-Fried, "might be imploding here."
Sam Bankman-Fried said that he didn't intend to commit any fraud or use customer funds to back leveraged bets that went wrong at Alameda Research, a crypto hedge fund attached to FTX that pushed the exchange to bankruptcy.
D. E. Shaw Renewable Investments (desri) Announces Signing Of 200 Mwac Arkansas Clean Power Project With Meta
NEW YORK, Nov. 30, 2022 /PRNewswire/ -- D. E. Shaw Renewable Investments (DESRI), a leading renewable energy producer in the U.S., today announced the signing of a long-term renewable energy off-take agreement with Meta. The Long Lake Project (Long Lake) will be a 200 megawatt (MWac)...
SYDNEY -- Demand for solar power is heating up in sunny Australia as soaring energy prices and climate change lead residents to seek ways of saving both money and the planet. Sales of home solar generation systems have been on the rise, with major energy companies offering incentives for consumers to adopt. Renewables will likely expand their share in the electricity generation mix if this boom continues.
The overnight implosion of 30-year-old Sam-Bankman-Fried's crypto empire on November 11 sent shock waves through the cryptocurrency industry. Ongoing investigations by regulators are still trying to piece together the root causes of this debacle. But what has emerged so far is that there was a conflict of interest between Bankman-Fried's two flagship companies: the FTX cryptocurrency exchange and Alameda Research, a hedge fund that is also a trading platform. Roughly speaking, retail investors were on FTX and institutional investors and professional traders were on both FTX and Alameda. The two companies were supposed to be independent.
Until investor protections are established, traditional banking won't fully jump into the crypto fray. : On this week's episode of Fortune's Leadership Next podcast, co-hosts Alan Murray and Ellen McGirt talk with Jane Fraser, CEO of Citi, about the massive turnaround job she was tasked with, problems in the crypto world, and how Fortune played a role in her decision to move to the U.S. Alan Murray: Leadership Next is powered by the folks at Deloitte, who, like me, are super focused on how CEOs can lead in the context of disruption and evolving societal expectations.
Sean Kia has built a $7.5 billion multifamily empire in the Sun Belt. Here's how he did it. : Between 2019 and now, Tides Equities -- the investment company he founded in 2016 and has run ever since -- has built a small empire of apartment complexes in Sun Belt cities like Las Vegas, Dallas, Houston, and Phoenix. Just three years ago, Tides owned $2 billion in the apartment properties. Today, that number has grown to $7.5 billion, according to Kia.
While many investors are taking a wait-and-see stance right now, commercial real estate is naturally an optimistic business. And even distress will drive dealmaking. The post CRE's Search for Deals appeared first on Commercial Property Executive.
Good morning. I'm Susan Davy, Chief Executive of Pennon, and welcome to our half year results presentation for 2022/'23. Over the past 6 months, turbulent political and macroeconomics escalating costs [indiscernible] pressures and the continued war in Ukraine have weighed heavy on the U.K. and globally, creates an extraordinary degree of uncertainty and volatility. Closer to home and in our region, climate change has driven the hottest, driest year in the Southwest since records began.