Sprott Focus Trust Stock News

As part of its effort to support the resilience of the healthcare sector, the Central Bank of Nigeria (CBN) said it has disbursed N498.00 million to two healthcare projects under the Healthcare Sector Intervention Facility (HSIF), bringing the cumulative disbursements to N108.85 billion for 118 projects, comprising of 31 pharmaceuticals, 82 hospital and four other services. As part of proactive measures to cushion the impact of the Covid-19 pandemic on the economy, the CBN in March 2020, introduced a N100 billion credit support intervention for the healthcare industry. The CBN has been collaborating with the banks to ensure that the funds were disbursed to the beneficiaries. One of the beneficiaries of the fund, Marcelle Ruth Cancer Centre, admitted during its launch in April 2021. Bolaji Odunsi, Chairman of the hospital, acknowledged the contribution of the CBN and Polaris Bank. “We have been beneficiaries of the Covid-related healthcare intervention fund and in particular we want to mention the support of Polaris Bank who helped us navigate the process.

ValueAct Holdings opened a new position in Altus Power (AMPS) with 4M shares, according to the fund''s latest 13-F filing. Boosted stake in Fiserv (FISV) to 13.04M shares from 10.94 in…

Billionaire hedge fund manager Paul Singer''s Elliot Management opened a new position in Switch (SWCH) with 5.79M shares, according to the fund''s most recent 13-F filing. Boosted stake…

Legendary hedge fund manager David Tepper''s Appaloosa Management added new positions in General Motors (GM) with 2.25M common shares, according to the fund''s latest 13-F filing. It…

Melvin Capital Management took a new stake in Uber (UBER) with 7.8M common shares, according to the fund''s latest 13-F filing. Exited Mastercard (MA) from 2M shares in the previous…

Tiger Global Management took new stakes in Nu Holdings (NU) for 265.98M shares and Embark Technologies (EMBK) for 23.29M, according to the fund''s most recent 13-F filing. It also opened

Roger Ng, 49, a former Goldman Sachs employee, allegedly conspired with colleague Tim Leissner and Malaysian socialite Jho Low in whats been called by Ngs own attorneys the largest heist in the history of the world. The trio convinced the New York-based bank to raise billions in cash in 2012 for 1MDB, a Malaysian fund meant to help the countrys economy, prosecutors said.

The fund''s limited partners include public and corporate pension plans, sovereign wealth funds, insurance companies, endowment funds, and foundations.

MILAN (Reuters) The fund that owns ailing Italian lender Carige on Monday approved the sale of its stake to BPER Banca, a source close to the matter said, in a deal that will end a seven-year crisis at the regional lender.

The Qraft AI-Enhanced U.S. Large Cap Momentum ETF (NYSE: AMOM ) an exchange-traded fund driven by artificial intelligence has acquired new stakes in Alphabet Inc. (NASDAQ: GOOG ) (NASDAQ: GOOGL ) and Meta Platforms Inc. (NASDAQ: FB ), while entirely divesting its holdings in Tesla Inc. (NASDAQ: TSLA ), Adobe Inc. (NASDAQ: ADBE ) and Shopify Inc. (NYSE: SHOP ). What Happened: The ETFs latest portfolio after rebalancing in early February showed it has also entirely divested its holdings in Salesforce.com Inc. (NYSE: CRM ) and Qualcomm Inc. (NASDAQ: QCOM ). The fund, which has assets under management Full story available on Benzinga.com

George Soros. OLIVIER HOSLET/POOL/AFP Soros Fund Management cut its positions in Amazon and Alphabet before January''s brutal tech sell-off. The investment firm disclosed new…

Fabulously wealthy people can walk into a car dealership or clothing store and buy a custom-made product whether they need it or not. But assuming you’re not Jeff Bezos or Elon Musk, the decision to spend more on a bespoke alternative to what is on the showroom floor needs to be carefully weighed. And in the world of 401(k) plans, what factors should you consider before deciding to purchase a customized asset allocation for your plan balances? For participants who want a do-it-for-me approach to allocating their plan balances, more than 80% of 401(k) plans now offer a suite of target date funds (TDFs) . These are prepackaged, age-appropriate investment strategies that are intended to help support post-employment income needs while reducing investment risk near and through retirement. This is accomplished through use of a “glide path” in which the fund’s asset allocation changes over time based on the participant’s retirement age. SEE MORE The 4 Phases of Retirement Each target date fund makes certain assumptions about the average participant: These include assumptions about other benefits, such as Social Security, risk preferences, salary levels, saving behaviors, work spans, life spans and post-retirement spending behavior.

The announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 a barrel - ..

Robots, Like Humans, Are Also Struggling In This Market By Cormac Mullen, Bloomberg Markets Live commentator and strateigst Exasperated fund managers can take some comfort from the fact that the machines are struggling just as much as humans with this years volatility. An artificial intelligence-guided fund has fallen almost 9% -- lagging its benchmark, the S&P 500 Total Return Index, by about 5 percentage points -- according to data compiled by Bloomberg through Wednesday. The AI Powered Equity ETF seemed to have been positioned well going into the new year, having sold down its so-called FANG+ positions in December. But stock picks in the financials and energy sectors have weighed on the fund, even as it benefited from a lower-than-benchmark exposure to communication services, according to Bloombergs Portfolio & Risk Analytics function. The AI funds manager is a quantitative model which runs 24/7 on IBM Corp.s Watson platform and was developed by EquBot. Its still overweight tech stocks with chipmaker AMD the largest holding, and is close to benchmark with the three key value sectors of financials, energy and materials stocks .

Yielding Digital Assets Are The Replacement For A Broken 60/40 Balanced Portfolio By Marcel Kasumovich, Head of Research at One River Asset Management The Great Financial Inflation has compelled investors into passive portfolios in our view. Bonds are no longer assets to balance portfolio risk, as seen so far this year. Not surprisingly, investors are searching for replacements to bond holdings. 1/ Portfolios, we have a problem. U.S. household financial assets have risen to nearly 5-times nominal GDP in the Great Financial Inflation. So great is the financial inflation, households find themselves (perhaps unintentionally) with a whopping 49.2% allocation to cash, cash-equivalent assets, and bonds (Figure 1). This comes at a time when macro policies are resolutely committed to multi-generational financial repression. For all the hawkish hype, bond markets are convinced that the next easing cycle will come in 2023 and that long-term policy rates will remain well below inflation. This is strongly counter to Fed guidance.