Texas Unclaimed Funds, which are managed by Fidelity Investments, have been the subject of an international investigation since March, when a whistleblower alleged that Fidelity funds were misappropriating funds from clients.The allegations have been made by a former Fidelity employee who was also the former CEO of the UK fund manager.According to The Times, Fidelity…
It’s a big, big deal for Texas, with a state-run hedge fund that has an estimated $3.4 trillion in assets and a slew of big-name investors.The Austin-based hedge fund, Juno Funds, has a massive, multi-billion-dollar portfolio of assets, with more than $3 billion in assets under management.Juno Funds owns more than half of the world’s…
In Australia, a group of financial institutions has been pushing to have their assets held by an Australian bank and given back to them, as a way of improving their reputation.In November, Unclaimed Funds, an Australian firm that helps people reclaim their money from unsecured offshore accounts, raised $100,000 through a crowdfund to support a…
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