RomanBabakin/Getty Images The Singapore government has been called on to provide funding support so large enterprises can continue with their digital transformation programs and smaller businesses can begin their sustainability journeys. These measures are necessary to safeguard the country’s prosperity amid an increasingly uncertain global climate, according to a report released by KPMG in Singapore … Read more
Earlier today, Forbes reported that venture capitalist, operator and entrepreneur Keith Rabois is returning to Khosla Ventures (“KV”), the Silicon Valley outfit where he cut his teeth as a full-time VC before joining Founders Fund (“FF”) in 2019, teaming up with former Stanford classmate Peter Thiel in the process. The move came as a surprise … Read more
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the S&P 500. Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had … Read more
Skyline of Riyadh in Saudi Arabia. Simon Dawson | Bloomberg | Getty Images Saudi Arabia’s Public Investment Fund (PIF) was the top spender among global sovereign wealth funds last year, accounting for about a quarter of the $124 billion splashed by state-owned investors, according to a preliminary report by research consultancy Global SWF. The Saudi … Read more
A couple years ago, when the pandemic was still in full swing, Raj Kapoor and Josh Felser started making some investments in climate tech startups. They called their operation Climactic, and initially they placed bets using their own money. Both are experienced founders, operators and investors, but they were new to focusing on this particular … Read more
Wind turbine blades rotate in the tidal flat in Yancheng city, Jiangsu province, China, November 18, 2023. Nurphoto | Nurphoto | Getty Images Top global asset managers including Blackrock are among investors in an Asia-focused infrastructure private equity fund that raised $800 million, underscoring growing interest in the asset class amid market volatility. The Seraya … Read more
Bernie Madoff leaves federal court in New York on March 10, 2009. Jin Lee | Bloomberg via Getty Images The fund for victims of Bernie Madoff’s historic Ponzi scheme has begun its ninth payout, distributing about $159 million in government-seized funds to nearly 25,000 people worldwide, the Department of Justice said Monday. The announcement, made … Read more
Bikini Kill have announced a benefit show for the Palestine Children’s Relief Fund. It happens at the Capitol Theater in Olympia, Washington, on January 27. Portland rock band the Ghost Ease will join the bill, which also features an appearance from guest speaker Selma Al-Aswad. Find out more details here. In November, Kathleen Hanna and … Read more
Black farmers seem to have received the rough end of every stick this past century. In 1910, they represented around 14% of U.S. farmers and owned over 16 million acres of land. Today, one in 100 farmers are Black, owning less than 5 million acres and losing $326 billion in land value. Farmers are suing … Read more
Sultan Ahmed Al Jaber, President of the UNFCCC COP28 Climate Conference, attends a press conference following the opening session of the conference on November 30, 2023 in Dubai, United Arab Emirates. Sean Gallup | Getty Images News | Getty Images The United Arab Emirates on Friday said it would contribute $30 billion to a new … Read more