4 d. ago Norway MPs reject call to stop wealth fund investing in occupied Palestinian territories

Parliament votes against divestment proposal after tearful speeches in chamber and protests outsidePoliticians in Norway have rejected calls to stop investing its sovereign wealth fund – the largest in the world – in the occupied Palestinian territories despite emotional scenes inside and outside parliament.The £1.4tn oil fund, which is run by Norges Bank according to rules set by MPs, is the largest European investor in Israel’s occupation. Continue reading...

Economics

4 d. ago Norway MPs reject call to stop wealth fund investing in Israeli

Parliament votes against divestment proposal after tearful speeches in chamber and protests outsidePoliticians in Norway have rejected calls to stop investing its sovereign wealth fund – the largest in the world – in the occupied Palestinian territories despite emotional scenes inside and outside parliament.The £1.4tn oil fund, which is run by Norges Bank according to rules set by MPs, is the largest European investor in Israel’s occupation. Continue reading...

Economics

9 d. ago Despotism v capitalism: PSG v Inter is clash of styles on and off pitch | Jonathan Liew

Champions League final features opposing tactical approaches and two radically different ownership modelsIn 2021, Oaktree Capital quietly rebranded its “Distressed Debt” division as the “Opportunistic Credit” platform. For decades the LA-based investment fund had specialised in picking up what is known in the trade as distressed assets, a strategy it described as looking for “good companies with bad balance sheets”.So let’s say your company is screwed. You’re deep in debt, severely short of cash, perhaps even at risk of bankruptcy or default. In sweep Oaktree. They have a mosey around, shake down some creditors, restructure your cost base, perhaps offer you a high‑interest loan to stop the bleeding. Once they’ve got you battle-lean they find you a buyer, you sell up, and they take a fat cut. Four years ago, as they cast an eye over the Covid-emaciated carcass of Inter, this was exactly the strategy they had in mind. Continue reading...

Politics

1 week ago Saudi AI company courts US tech investors and plans $10bn venture fund

PIF-backed Humain plans to use kingdom’s financial might to become global AI hub

Economics

1 week ago Saudi AI company courts US tech investors and plans $10bn fund

PIF-backed Humain plans to use kingdom’s financial might to become global AI hub

Economics

1 week ago Trump Media says investors will fund a company 'bitcoin reserve' through share purchases

President Donald Trump’s media company says institutional investors will buy $2.5 billion of the company’s stock, with the proceeds going to build up a bitcoin reserve

Economics

3 w. ago Revealed: European ‘green’ investments hold billions in fossil fuel majors

Exclusive: Funds with names such as ‘Sustainable Global Stars’ have stakes in some of the world’s biggest pollutersEuropean “green” funds holding more than $33bn of investments in major oil and gas companies have been revealed by an investigation, despite fossil fuels being the root cause of the climate crisis. Some of these investment funds used branding such as Sustainable Global Stars and Europe Climate Pathway.Over $18bn was invested in the five biggest polluters: TotalEnergies, Shell, ExxonMobil, Chevron and BP. These topped a 2023 Carbon Majors ranking for oil and gas production among shareholder-owned firms. Other investments by funds following EU sustainable finance disclosure regulations (SFDR) included those in US fracking company Devon Energy and Canadian tar sands company Suncor, the investigation by Voxeurop and the Guardian found.A Legal & General Investment Management (LGIM) fund called Europe Climate Pathway had $88m invested in Shell, BP and TotalEnergies. In to...

Economics

3 w. ago I've examined more than 1,000 investment funds over 25 years. Here are my top 20, reveals money guru JEFF PRESTRIDGE

Over the past 25 years, I've written a weekly feature called Fund Focus for Wealth on investment funds and trusts.

Economics

4 w. ago I've examined more than 1,000 investment funds over 25 years to see which are best. Here are my top 10, reveals money guru JEFF PRESTRIDGE

Over the past 25 years, I've written a weekly feature called Fund Focus for Wealth on investment funds and trusts.

Economics