The U.N. World Health Organization is seeking to provide $2 million to a Mexican health fund, according to an update posted on its website.The World Health Organisation (WHO) announced the donation Wednesday as it sought to raise awareness about the need for a national fund to support patients of the world’s poorest countries, especially those…
Tag: texas unclaimed funds
What you need to know about the US sovereign fund industry
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…
How much is the biggest hedge fund in Texas spending on its investments?
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…
Aussie bank to tap cash from unclaimed offshore funds
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…