New York State

Astant Global Management, a London-headquartered macro-focused alternative investment manager, is preparing to launch a new quantitative hedge fund strategy later in the year, using proprietary AI models to tap into market inefficiencies and arbitrage opportunities. Co-founded by Marcos Agustin and Fahd El Ghorfi, both still students at Madrid’s IE Business School, Astant has a macro […]

Emerging alts manager Astant prepares quant hedge fund launch

Many younger investors building both their portfolio and their retirement savings are starting to look toward asset allocation strategies. These findings come from the Nasdaq 2024 RTF Retail Investor Survey, which highlighted how Gen Z retail investors are building their long-term portfolios. According to the survey, 54% of Gen Z investors highlighted asset allocation ETF strategies as an area of interest. These findings add that Gen Z is the age group that is most interested in this particular investment strategy.

Gen Z Gravitates Toward Asset Allocation Strategies

Rhode Island State

The Rhode Island State Investment Commission, which oversees the assets of the $11 billion Employees’ Retirement System of Rhode Island, approved allocations to two buyout strategies in recent months. Most recently in June, trustees approved a commitment of an undisclosed size to Nautic Partners XI, a fund that targets control-oriented buyouts in middle market companies […]

Rhode Island continues to build up buyout exposure

Australian superannuation pension schemes First Super and HESTA have each allocated to a private equity co-investment model offered by Sydney-based Stafford Capital Partners. The program boasts an evergreen structure that invests in private equity co-investments -- a strategy that has been growing in momentum globally as private equity exits have slowed down. The A$4 billion […]

Australian pensions embrace Stafford co-invest models

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NewSantaAna

The FBI has seen a rise in scams targeting timeshare owners. In this kind of scam, criminals con these part-time property owners into shelling out hefty sums of cash, all under false pretenses related to their timeshare properties.

FBI warns that Mexican cartels are targeting Americans with timeshare scams

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Aurora, CO

David Heitz

Aurora’s pallet shelters for people experiencing homelessness, which only allow a maximum 30-day stay, have been cycling the same individuals in and out, city staff told council members Thursday. Many return to street encampments when their time in the pallet shelter runs out, Jessica Prosser, homeless services director for the city, said. Then, the city sweeps the encampment again, and they get to come back to the shelter for another 30 days, Prosser explained. This process can repeat multiple times.

Aurora pallet shelters a revolving door for homeless

Denver, CO

A dangerous drug that is being mixed into fentanyl is causing those who inject it to develop a rash of sores that resembles a case of flesh-eating bacteria. People experiencing homelessness around Denver can sometimes be seen with these bloody, weeping wounds. I recently mentioned this phenomenon to a fentanyl user who told me about the xylazine connection.

Denver homeless people suffer sores as xylazine enters fentanyl supply

Kentucky State

Northern Kentucky Tribune

Kentucky’s Community Actions Partnerships have announced the starts date for the Low-Income Home Energy Assistance Program (LIHEAP) Summer Subsidy, aimed at helping Kentucky households offset summer cooling costs.

LIHEAP Summer Subsidy program to help with summer cooling costs to begin enrollment July 16

On July 9, Ruchir Sharma, Chairman of Rockefeller International, shared his insights on CNBC’s “Closing Bell Overtime” regarding the emerging opportunities in global markets, particularly as the U.S. economy shows signs of deceleration. Rockefeller International, part of Rockefeller Capital Management, provides a range of financial services, including...

U.S. Economy Could Come to a ‘Virtual Standstill’ in Next 6 Months, Warns Rockefeller International Chairman

Pennsylvania State

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started earlier this year by a group of former AIG executives. The lawsuit filed July 10 in U.S. District Court for the District of New Jersey is the latest development in...

AIG Files Amended Suit Against Former Execs, Dellwood Insurance

Markets Insider

Real estate investors are setting aside billions in cash as commercial real estate distress grows. Private equity firms have more than $250 billion earmarked for North American commercial properties, Bloomberg reported. Investors have been eyeing pain in the sector amid high interest rates and declining values. Commercial real estate investors...

Investors have lined up over $250 billion to scoop up distressed commercial real estate as pain in the sector continues

Illinois State

Every year, new laws that were passed the prior year go into effect on July 1. In 2024, a number of new laws will begin this Monday. Among them include higher wages for tipped employees, a gas tax increase, and driver's licenses for undocumented immigrants.

New Laws July 1: Driver's Licenses for Undocumented Migrants, Raises for Tipped Workers, and More

A pair of migrant families with children living in a homeless encampment in Denver are trying to raise money to buy two trailers with working bathrooms and kitchens, according to Housekeys Action Network Denver, or HAND.

Denver homeless migrant families with children want to buy trailers

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The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

New Jersey State

Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Denver Mayor Mike Johnston has become nationally known for moving more than 1,600 homeless people indoors since he has become mayor. Now he wants to place 200 people struggling with mental illness and/or addiction into treatment, according to an upcoming City Council committee agenda.

Denver mayor to send 200 people experiencing homeless to treatment

NewsBreak

New York adds over $2bn to alts strategies

The $268 billion New York State Common Retirement Fund (NYSCRF) added just over $2...

New York adds over $2bn to alts strategies

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