Sprott Focus Trust Stock News

Argosy Investors, an investment management firm, published its fourth-quarter 2021 investor letter – a copy of which can be seen here. The fund’s 2021 performance was 24.3% in select accounts.

Fund giant BlackRock has waived the fees on three funds with "significant" exposure to Russia that have been suspended due to the "exceptional" circumstances of Putin''s invasion of Ukraine. The funds - which include a fund focusing on emerging European countries as well as Eastern European and Russia-focussed ETFs - will remain suspended until further notice while BlackRock evaluates the situation. BlackRock Global Funds (BGF) Emerging Europe fund took the decision to suspend the valuation of all share classes from the fund in a bid to "protect the interests" of investors in the fund. In light of this the firm has waived its management fees and the fund''s annual service charge from 1 March. Franklin Templeton waives management fee on Eastern Europe fund The firm stated that it will continue to manage the fund in accordance with its investment objective and will lift the suspension on the fund as soon as it is "practicable" to do so. Regarding the iShares MSCI Russia ADR/GDR UCITS ETF USD and iShares MSCI Eastern Europe Capped UCITS ETF, the total expense ratios will be paid by the funds directly from 2 March.

One of the largest local Indian funds is turning bullish on the country’s equities just as foreign investors are exiting Indian stocks at a record pace.

CALGARY, AB, March 10, 2022 /CNW/ - Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN ) today announced its financial results for the fourth quarter and year ended December 31, 2021 . Crown''s complete financial statements and management''s discussion and analysis are available on SEDAR at www.sedar.com . Effective July 13, 2021 , in connection with the previously announced transactions that included a divestment of 87.5% of our 100% interest in our alternative lending fund management business (Crown Private Credit Partners Inc., or "CPCP"), the transfer of the management contracts for our credit funds to CPCP, and a partial sale of our interest in Crown Partners Fund (reducing our effective ownership to 28.0%), Crown Partners Fund is no longer being recognized as a subsidiary and is now recognized by Crown as an investment in associate using the equity method. As a result, many of our asset, liability, revenue and expense balances as at and for the three months and year ended December 31, 2021 are not directly comparable to equivalent balances for prior periods.

Cantor Fitzgerald and Silverstein Properties, both closely held firms, close the Cantor Silverstein Opportunity Zone Trust (CSOZ Trust) with ~$530M of equity raised.Launched in…

Neutrino was buying the WAVES dip as the price rebounds to the best level in over four months. Waves ( WAVES ) continued its price rally further into this week, even as its top crypto rivals wobbled between losses and gains elsewhere in the market. A 230% Waves boom The WAVES/USD trading pair surged by nearly 75% this week to reach around $31, its best level since Oct. 28, 2021. Its rally came as a part of an upside retracement move that saw it rising by a little over 230% in three weeks. WAVES/USD weekly price chart. Source: TradingView In contrast, Waves'' top rival in the smart contracts sector, Ethereum, underperformed, with its native token Ether ( ETH ) dropping by almost 2% in the last three weeks. Similarly, Bitcoin ( BTC ), the leading cryptocurrency by market capitalization, underperformed in the same period, rising by a little over 1%. Neutrino buys the Waves dip As Cointelegraph covered earlier , Waves'' price rally might have surfaced in the wake of back-to-back optimistic updates, including the launch of a $150 million fund to support Waves-based decentralized application projects and the partnership with Allbridge to facilitate interoperability between Waves and other blockchains.

Russia has been hit with crippling sanctions and traditionally neutral Switzerland last week aligned itself with EU penalities over the February 24 invasion of Ukraine and ordered the freezing of Russian assets. Switzerland’s second largest bank said its exposure to Russia stood at 848 million Swiss francs ($914 million, 828 million euros) at the end of 2021. But as of March 7 it had “minimal total credit exposure towards specifically sanctioned individuals managed by our wealth management division,” a statement said. Credit Suisse’s top domestic rival UBS announced earlier this week that its exposure to Russia totalled $200 million, with under $10 million of loans outstanding to sanctioned clients. EXPLAINED: Which banks are best for foreigners in Switzerland? Credit Suisse said it had registered derivatives and financing exposures in its investment bank, trade finance exposures in its Swiss Universal Bank and Lombard, as well as loans issued by its international wealth management division.

"This Is Absurd" - Wall Street Pushes For Defense Stocks To Get ''ESG'' Label There''s little doubt that the growing influence of ''ESG'' investing helped lead Western Europe to its present unfavorable position, allowing Russia to dominate the energy space. But going forward, a handful of Wall Street analysts are contemplating another ''ESG'' revamp: allowing "military weapons" and "defense" stocks to be considered "ESG" plays. If you are thinking that this seems a little, well, off, don''t worry - you''re not alone. One prominent ESG investor said he was approached about the possibility last week, but he called the idea "absurd", according to NYT. Leslie Samuelrich, president of the Green Century Funds, which was founded by nonprofit groups, including the California Public Interest Research Group and the Citizen Lobby of New Jersey, was appalled by the notion. "This is absurd,” she said. “It feels very opportunistic and shallow." She added that Ukraine needed to be defended. "I’m part Ukrainian,” she said. “Of course, they need weapons." But she said that had nothing to do with investing in funds devoted to socially responsible investing. "Those who argue that weapons belong in a sustainable portfolio are capitalizing on the horrific attack," she said. “Excluding military and civilian firearms has been a long-held screen by authentic responsible investors.” Among the idea''s biggest supporters are two Citigroup analysts, who recently published research advocating the notion.

SARMAD LONE , Standard Chartered’s head of Corporate, Commercial and Institutional Banking for Africa & the Middle East (AME) region, in this interview with BUNMI BAILEY , explores opportunities for economic growth in Nigeria, the Bank’s position as an innovative leader within the banking sector, its impact on its key stakeholders and its strategies towards integrating digital banking. You have over 30 years of banking experience across Africa & the Middle East. Can you tell us about your journey into the Banking sector? My career has been split between Corporate and Investment Banking. It has been heavily skewed towards Africa and the Middle East. Africa is the new addition to my portfolio, Sub-Saharan Africa (SSA), to be precise. I have worked on projects based in Northern Africa for about 27 years, so I have the experience and flavour of Africa. But moving into SSA is a brilliant experience, and I’m delighted to learn and collaborate with my colleagues. How has Standard Chartered bank achieved its net-Zero journey as a sustainable organisation?

BlackRock hedge fund suffers big losses on Russian stocks Submitted 10/03/2022 - 9:40am A decision to increase bets on Russian stocks just prior to the country''s invasion of neighbouring Ukraine resulted in big losses for a BlackRock hedge fund, according to reports by Bloomberg and BusinessInsider. The investment firm''s Emerging Frontiers Fund dropped 10 per cent in February, its worst trading loss since inception over a decade ago, and is now down 7 per cent for the year to date, according to the reports, which credit the information to unnamed sources and an investor document seen by Bloomberg. The fund''s long Russia bet accounted for 9 per cent of its total gross assets of USD960 million, but it now has zero exposure to the county after writing down all of its positions. Like this article? Sign up to our free newsletter Author Profile Related Topics Funds Intelligence Managers

Nigeria is inching closer to becoming a net exporter of sugar in the near future. Already, the Federal Government is taking vigorous and credible steps to reverse the trend of weak output which had bedevilled the sugar production sub-sector, including reving up the Backward Integration Policy (BIP) that encourages sugar companies to invest in sugarcane farming and promote domestically produced extracts for their refineries. FRANCA OCHIGBO reports. The Federal Government in unrelenting in its resolve to achieve self-sufficiency in sugar production and export. It has continued to take steps through its National Sugar Master Plan (NSMP) aimed at attaining self-sufficiency in sugar production through the Backward Integration Policy (BIP) that encourages sugar companies to invest in sugarcane farming and promote domestically produced extracts for their refineries. The implementation of the NSMP began in 2013, and is anchored on four major planks, including raising local production of sugar to attain self-sufficiency; stemming the rising tide of unbridled importation of the commodity; creating a huge number of job opportunities and also contribute to the production of ethanol and generation of electricity.

The post Goldman Sachs: Facilitating connection between clients and Galaxy Digital’s ETH fund appeared on BitcoinEthereumNews.com . Goldman Sachs is aligning with clients by offering them exposure to Ether via Galaxy Digital’s Ethereum fund. An SEC filing revealed this recently, where Galaxy listed Goldman as a recipient…

- AI platform enforces economic sanctions and investigates all other financial crime risks - Capital will support technology functions globally, headcount to double by end of 2022 - Valuation quadrupled since last funding round in 2020 SINGAPORE , March 10, 2022 /PRNewswire/ -- Silent Eight , a pioneer in the field of AI enhanced economic sanctions enforcement and financial crime prevention, today announces the closing of a $40m Series B funding round. The round was led by TYH Ventures and welcomed HSBC Ventures , the firm''s latest customer to also become an investor. OTB Ventures , Wavemaker Partners , SC Ventures (Standard Chartered Bank''s venture unit), Aglaia , and Koh Boon Hwee , Chairman and General Partner of Altara Ventures , continued their investment from previous funding rounds. Kolya Miller from TYH Ventures is joining the board. Everyday millions of financial crime professionals work diligently to stop illicit funds from entering and moving through the global financial system.

Wall Street''s Biggest ESG Preacher Suffers Massive Loss On Russian Exposure BlackRock founder and CEO Larry Fink has never shied away from an opportunity to burnish his reputation with some ESG virtue-signaling, which is what makes this latest news so much more surprising. As it happens, BlackRock''s "Emerging Frontiers" fund has just booked its biggest loss yet after doubling down on Russian assets last month, according to Bloomberg. That''s right, the emerging markets hedge fund run by the world''s largest asset manager (and greatest virtue signaler) has taken a shellacking after its bet with Russia, booking a loss equivalent to 10% of its total AUM. After closing its Russian positions last month (and saving itself from yet more losses), the EM Frontiers fund is now down 7% for the year. The fund was managing some $960 million as of the end of January, and had invested 9% of its money in Russian assets at the peak, making Russia its largest national exposure. *BLACKROCK HEDGE FUND UPPED ITS RUSSIA BET, SUFFERED RECORD LOSS Wait, the ESG preacher blew up on Russia longs? — zerohedge (@zerohedge) March 9, 2022 One senior BlackRock exec tasked with managing the fund said he decided to increase the firm''s exposure after a team trip to Russia back in January.

Leading global investment bank Goldman Sachs [GS] has partnered with Galaxy Digital to offer its clients exclusive access to an ether [ETH] according to regulatory documents filed with the U.S. Securities and Exchange Commission [SEC] on 8th March. Filings shows that with a investment of at least $250,000, the fund has collected over $50 million from 28 […]