Shangqiao Logistics, a Chinese unitized container transport startup, has raised nearly RMB100 million (US$14 million) in a Series A++ round of financing. Investors of this round include Qianhai Fund of Funds, QC Capital, China-based venture capital firm Tuobang Investment. Shangqiao Logistics was founded in January 2016 to operate a logistics management platform offering services including [...] Chinese Logistics Service Provider Shangqiao Raises $14M Series A++ Round comes originally from China Money Network. All Rights Reserved.
They fraudulently induced victims to invest in FX and commodity markets through Cifuentes Fund Management (CFM). : A New Jersey couple who purportedly owned a hedge fund have copped to their role in a Ponzi scheme in which at least 25 investors were defrauded out of more than $500,000. Alcibiades Cifuentes and Jennifer Wee Cifuentes pleaded guilty to four counts of wire fraud, one count of conspiring to commit wire fraud, and one count of theft. They are set to be sentenced in late February 2020, the U.S. Department of Justice said in a news release.
Two well-known governance experts have joined MGD, a growing boutique financial services firm. : Michael Drew has been appointed as chief investment officer and director and Adam Walk will join the firm as director, investment advisory. In their new roles, Drew and Walk will both act as advisers to clients of MGD Private which will see them working with family offices and other groups. "Sound investment governance, fiduciary best practice and goals-based investing are three of the fundamental underpinnings of the day-to-day tailored wealth management advice we provide for our clients," MGD chief executive John Barton said.
(Bloomberg) -- A former trader at the defunct hedge fund Premium Point Investments was ordered to spend almost 3 1/2 years in prison for conspiring with the firm's co-founder to overvalue its assets in order to attract new investors and keep clients from leaving. A federal judge handed down the 40-month sentence against Jeremy Shor, 48, who was convicted by a jury in July of fraudulently "mismarking" the value of fund holdings.
LONDON -- Hedge fund managers continued to scale back short positions in crude last week amid receding fears of a global recession and increasing signs of a slowdown in U.S. oil production growth next year. Hedge funds and other money managers were net buyers of positions equivalent to 41 million barrels in the six major petroleum futures and options contracts in the week to Nov. 12 (https://tmsnrt.rs/32RR4RK). Funds have purchased 176 million barrels in the last five weeks, after selling 206 million in the previous three weeks, according to ICE Futures Europe and the U.S. Commodity Futures Trading Commission.
The best options for Germany is a fiscal revalution or more public investments, says Munich University's Dalia Marin. : The best options for Germany is a fiscal revalution or more public investments, says Munich University's Dalia Marin. MUNICH: At just below 8 per cent of GDP, Germany's current-account surplus is the highest of any country in the world.
MOUNTAIN VIEW, CA, Leader in next-generation, real-time NoSQL data solutions, today announced a $32 million Series D fundraising round.
Apteo, a fintech company that leverages A.I. and machine learning to help finance professionals make more in-tune decisions, announced Monday a $1 million seed round led by Ripple Ventures, to fuel the growth of its data management and analytics platform, OneData. 0 read more.
Crowd Cow is raising more cash for its meat marketplace. The Seattle startup just reeled in $15.1 million, according to a new SEC filing posted Monday. Crowd Cow CEO Joe Heitzeberg declined to comment when contacted by GeekWire. Heitzeberg and his co-founder Ethan Lowry are both listed on the filing, as well as new Crowd Cow CFO Michelle Newbery and Madrona Venture Group Managing Director Scott Jacobson. Seattle-based venture capital firm Madrona led the company's $8 million Series A funding round in May 2018.