Exclusive: Hedge fund Diamondback founders Schimel and Sapanski plan new fund – sources

The founders of Diamondback Capital, one of a handful of hedge funds touched by the U.S. government’s insider trading probe, have reunited and are working on a new investment project, people familiar…


Reuters: Wealth

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Activist hedge fund secretly built stake to push Caesars sale

An activist hedge fund known for rattling the cages of gaming companies has quietly built a 4.9 percent stake in Caesars Entertainment, The Post has learned. HG Vora Capital is said to be intent on forcing the company to put itself up for sale — or to sell significant assets, sources said. The move by…
Business | New York Post

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Turkey’s Autocratic President Has Named a New Chair of Its Sovereign Wealth Fund: Himself

President Recep Tayyip Erdogan appointed himself chairman of Turkey’s sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction.

Zafer Sonmez, head of Turkey and Africa for Malaysia’s government investment vehicle Khazanah Nasional Bhd, was named general manager. Treasury and Finance Minister Berat Albayrak, Erdogan’s son-in-law, will also sit on the board, according to a decree published in the Official Gazette.

The overhaul comes two years after the fund was formed to try and capitalize on state assets and put a lid on market turmoil in the wake of a failed coup attempt. But the fund’s goals and strategy were never clearly defined and internal strife led to the firing of its first chief executive officer after Erdogan publicly expressed his disappointment.

The shakeup consolidates the president’s influence over another key financial institution in Turkey. Erdogan had promised in an interview with Bloomberg in May to exert greater influence on economic policy after he was given expanded executive powers following an election in June.

He’s delivered on that pledge, ousting the old guard of policy makers who’d guided the economy since 2002 and giving himself the sole authority to make appointments at the central bank and other state organizations.

Strategy Debate

The wealth fund has stakes in assets including Turkish Airlines, Turk Telekom, state lenders TC Ziraat Bankasi AS and Turkiye Halk Bankasi AS, state oil and pipeline companies, the national postal service, the stock exchange, the national lottery and national railway.

Since its formation, officials have debated the purpose of the fund, with some saying the companies should be managed to add value in line with a traditional sovereign vehicle, while others argued that its assets could be deployed to subdue market turmoil. Others pushed for the assets to be securitized and for the state to borrow against them.

In the shakeup, Erdogan ousted one of his own advisers from the board, Yigit Bulut. The new board members include Rifat Hisarciklioglu, head of the Turkish chambers of commerce; Huseyin Aydin, head of the banking association and Ziraat CEO; Arda Ermut, the head of Turkey’s investment support and promotion agency; Erisah Arican, a professor and member of the Borsa Istanbul board; and businessman Fuat Tosyali.

Fortune

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Norway’s $1 trillion fund to beef up scrutiny of sustainability, ocean pollution

Norway’s $ 1 trillion sovereign wealth fund will demand that companies in which it invests follow stricter guidelines on global sustainability and strengthen efforts to combat plastic pollution of the oceans, it said on Wednesday.


Reuters: Environment

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Michael Cohen Tweets Appreciation for Birthday Wishes and Go Fund Me Donations

President Donald Trump’s former attorney Michael Cohen turned 52 Saturday, just four days after pleading guilty to eight counts of tax fraud, bank fraud, and campaign finance violations. In his first tweet since that development, Cohen thanked his supporters on Sunday for their birthday wishes, as well as their contributions to his Go Fund Me page.

It’s been quite a week for the president’s former personal lawyer. On Wednesday, his own lawyer, Lanny Davis, launched a Go Fund Me page for Cohen, with all donations going “to help Michael Cohen and his family as he goes forward on his journey to tell the truth about Donald Trump.”

When pleading guilty, Cohen said Trump directed him to pay hush money to two women with whom the then-presidential candidate had previously had affairs. Trump denies the affairs, but admits to knowing about at least one of the payments.

Being one of the first of Trump’s previously close affiliates to flip on the president, Cohen’s statements have gotten a lot of attention. With the Go Fund Me page, Cohen seems to be turning that attention towards the payment of his legal fees.

The fund raised $ 21,000 within its first nine hours. At the time of this article’s publication, the “Michael Cohen Truth Fund” had surpassed $ 161,500.

Happy birthday to you, Cohen.

Fortune

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Saudi Arabia Might Not Fund Elon Musk’s Take-Tesla-Private Plans After All

The blows just keep coming for Elon Musk.

In August alone the entrepreneur has become the subject of an SEC investigation, made a dubious Twitter announcement about taking his company Tesla private, and gave a teary interview to the New York Times, causing Tesla shares to plummet.

Now it looks like the Saudi Arabian sovereign wealth fund, the main candidate to take Tesla private, might actually invest in a Tesla rival instead. Reuters reported on Sunday that the Saudi Public Investment Fund (PIF) was in talks with Lucid Motors Inc. Lucid Motors is already privately held, and PIF’s interest in investing highlights the fund’s agnostic desire to diversify its portfolio, rather than any specific interest in Tesla.

Although Musk indicated that financing to de-list Tesla had been secured from PIF, others questioned whether the sovereign wealth fund had enough cash to do the deal, as it’s already having difficulty with its existing commitments. Investing in Lucid Motors may be more in line with the fund’s resources, according to Reuters.

Lucid Motors was founded in 2007 by a former Tesla executive. Although the company is not yet selling cars, it is taking $ 2,500 deposits from consumers towards a $ 100,000 luxury sedan the company hasn’t even started building yet.

Fortune

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Trump legal defense fund raised more than $200,000, spent zero on legal work: Reports

The Patriot Legal Expense Fund Trust from the beginning of 2018 through the end of June spent more than $ 42,000 on "insurance" from an Alabama-based risk management company, and another $ 6,500 on accounting services from a large accounting firm.
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Lin-Manuel Miranda, His Family and HAMILTON Launch Flamboyan Arts Fund for Puerto Rico

Today, Lin-Manuel Miranda, his family and Jeffrey Seller, producer of HAMILTON, announced the creation of the Flamboyan Arts Fund in partnership with the Flamboyan Foundation. The creation of the Fund, which coincides with Miranda’s return to the title role in HAMILTON January 8-27, 2019 at the University of Puerto Rico main campus in Rio Piedras, will be dedicated to supporting institutions and arts groups as well as independent artists, musicians, galleries, etc., to ensure that the rebuilding of Puerto Rico includes the nurturing of the island’s vibrant arts and culture.
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Apple launches $300 million green energy fund in China

Apple Inc will launch a $ 300 million clean energy fund in China, the firm said in a statement on Friday, working with its suppliers to invest in renewable energy projects that could power close to 1 million homes in the country.


Reuters: Business News

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Hedge fund Tiger Global takes $1 billion stake in Softbank: source

U.S. hedge fund Tiger Global has built a stake worth more than $ 1 billion in Japan’s Softbank Group which it considers to be under-valued, a source with direct knowledge of the matter said on Wednesday.


Reuters: Technology News

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Queen Latifah To Fund and Produce Movies For Independent Female Filmmakers

Still a few years shy of 50, Queen Latifah has already racked up a lifetime of achievements that include a Grammy, Emmy, and a Golden Globe Award. Throughout her illustrious career, the hip-hop pioneer has stood as a powerful voice for women and used her platform to help others advance in male-dominated industries. Now Latifah is turning it up another notch by helping women crack the glass ceiling in Hollywood by funding and producing two independent projects created by women.

“We’ll choose two people who will have their scripts made [and] financed from A to Z. When it’s time to be distributed, we will get distribution whether it’s theatrical or whether it’s through Netflix, Hulu, or whatever outlet is appropriate for the film. We will market and promote [it] as well,” said the 48-year-old actress and musician on Friday at a private dinner sponsored by Proctor & Gamble’s “My Black is Beautiful” campaign and held during the 2018 Essence Festival in New Orleans, Louisiana.

The projects will be produced by The Queen Collection, a new initiative created by Proctor & Gamble and Latifah’s production company Flavor Unit. In addition to handling the funding, production, distribution, and marketing of the projects, Latifah herself, will offer the women guidance and mentorship.

To continue reading, head to The Shadow League. 

The post Queen Latifah To Fund and Produce Movies For Independent Female Filmmakers appeared first on Black Enterprise.

Lifestyle | Black Enterprise

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An absurd suggestion on how to fund Trump’s border wall

Dear John: If we are so concerned about China owning so much of our Treasury debt, why don’t we do this: Allow Americans to buy Treasury bonds and pay no federal tax on the interest earned. To make up the difference, raise the income tax on wealthy Americans by the same amount as the loss…
Business | New York Post

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Brit schoolgirl, 13, who wowed America’s Got Talent judges used busking to fund her dream

A BRITISH schoolgirl, 13, who wowed the America’s Got Talent judges has been busking to fund her dream, it’s been revealed.

Courtney Hadwin, from Peterlee in County Durham, performs on streets up and down the UK to pay for her singing lessons.

Courtney Hadwin, 13, who wowed the judges on America’s Got Talent, has been busking on the streets of the UK to fund her dream
refer to caption.

She gives some of the cash to her dad Paul for petrol money as he drives her to some of her favourite spots around the North East and even down to the capital.

The teenager received a standing ovation after she performed a storming rendition of an Otis Redding classic during her audition on Tuesday night.

Her proud grandfather, Tom Storey, told MailOnline: “The busking has been paying for her music lessons and for petrol money.”

The security guard, from Inverness, admitted that while the punters love her singing, Courtney wasn’t a huge hit with the other buskers.

America's Got Talent judges
The America’s Got Talent judges were blown away by 13-year-old Courtney Hadwin’s performance
refer to caption.
The teenager was in tears after being chosen for the Golden Buzzer
refer to caption.

He added: “They keep asking her to move away because she is always the big attraction and attracts the crowd. It doesn’t go down well with them.”

The 60-year-old revealed Courtney had chosen to enter the American version of the talent show because “the UK doesn’t get her” after she lost out in the UK’s The Voice Kids.

He said the youngster received online abuse after her appearance on the show, with some calling her a “shouter” not a singer, which left the family upset.

But Mr Storey firmly believes his granddaughter, whose moves are all self-taught, is going to “go down a storm” in the States as he expressed his pride.

America's Got Talent
The British school girl was given given a standing ovation and ‘golden buzzer’ for her Otis Redding song
refer to caption.
America's Got Talent
Her father looked on proudly as she sung
refer to caption.

Mr Storey added: “If she wins the million pounds it will be some transformation of the family’s finances.”

On Tuesday night’s show, Courtney was seen nervously walking on stage and telling the judges that her favourite subject at school was music.

After the schoolgirl, who attends The Academy at Shotton Hall, was asked to start her performance, she theatrically started to nod her head to the beat.

Within just a few bars of the 1968 hit Hard To Handle, her unexpectedly powerful voice had the judges all smiling, and Mel B shouted: “Oh my God!”

Very soon they were all on their feet along with the cheering crowd behind them to give Courtney, who’s previously appeared on The Voice Kids in the UK, a standing ovation.

Once she had finished, Simon said: “You were this shy little thing when you came out and then you sing and you’re like a lion.

“I mean genuinely incredible.”


As Courtney’s dad looked on proudly, judge Howie Mandel added: “You are not from this era!”

He could then be seen getting up and pressing the ‘Golden Buzzer’, which sends her straight to the final.

Last night, the Hartlepool teenager tweeted: “I didn’t know what to expect when I auditioned for @AGT but the golden buzzer was more than I ever could have dreamed of. Thank you so much @howiemandel I am so happy and can’t thank you enough xx”


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TV and Showbiz – latest celebrity news, gossip, photos, TV and film reviews | The Sun

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Hedge fund boss makes more per hour than you do in a year

Last year, hedge-fund tycoon James Simons made $ 194,000 — an hour, that is. The former math professor who heads Rennaissance Technologies earned $ 1.7 billion in 2017, making him the highest-earning hedge-fund manager for the third year straight, according to an annual survey by Institutional Investor’s Alpha magazine. Simons edged out Appaloosa Management’s David Tepper, who…
Business | New York Post

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Japanese bank launches $400M ‘patent troll’ fund

SoftBank’s Fortress Investment Group is raising a $ 400 million fund to sue tech companies over intellectual property infringement, The Post has learned. That’s despite the fact that SoftBank — controlled by Japanese billionaire Masayoshi Son — has a $ 100 billion Vision fund that invests in exactly the kinds of companies targeted by so-called “patent trolls”…
News | New York Post

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Hedge fund Third Point increases short bets against market

Billionaire hedge funder Dan Loeb is seeing more opportunities to bet against the market this year. Loeb’s $ 18 billion Third Point fund said Thursday that it has increased its short bets amid increased “disruption” in stocks. “An important shift in markets happened in the first quarter,” Loeb said on a call with analysts of his…
Business | New York Post

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Molly Goddard Takes Home the BFC/British Vogue Fashion Fund Prize

Molly Goddard first won over Rihanna with her voluminous, Cinderella-like tulle confections, and now she’s also earned the approval of the British Fashion Council: On Wednesday evening, the London-based designer was named the winner of the 2018 BFC/British Vogue Designer Fashion …

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‘The Crown’s’ Matt Smith facing pressure to donate pay disparity to Time’s Up fund

Pressure is mounting for “The Crown” star Matt Smith to donate part of his earnings from the Netflix series to the Time’s Up legal fund after it was revealed that leading lady Claire Foy was paid less than her male co-star.
FOX News

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The cryptocurrency craze hasn’t quite hit the hedge fund industry yet

Wannabe hedge fund managers are itching to get in on the cryptocraze — they just need some hand-holding getting there. Only two hands went up at a crypto event attended by dozens Thursday when a panelist asked how many were at a hedge fund. “You’re a salesman. You’re always going to be a salesman,” said…
Business | New York Post

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Fake hedge fund manager pleads guilty to securities fraud

Phony Westchester hedge fund manager Michael Scronic may soon be trading in his high-flying lifestyle for a cell in the big house. Scronic, 46, on Thursday pleaded guilty to securities fraud, admitting that he defrauded 45 investors — many of them pals — out of $ 22 million while running his fake hedge fund from his…
Business | New York Post

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Jay Penske said to get $200M investment from Saudi fund

Jay Penske has sold a minority stake of his media company, Penske Media Corp., to Saudi Arabia’s Public Investment Fund, The Post has learned. The fund has invested “over $ 200 million cash — with another $ 25 million being invested in a joint venture in the Middle East and North African region, according to a source…
Media | New York Post

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Mnuchin promises to fix hedge fund tax loophole

Hedge funds that thought they outsmarted the tax man may soon be in for a rude awakening. Treasury Secretary Steven Mnuchin said Wednesday that he is working with the Internal Revenue Service to make sure hedge funds don’t take advantage of a seeming loophole in the tax code that allows them to pay lower taxes…
Business | New York Post

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VIX Surge Hands 8,600% Profit to Little-Known Hedge Fund

Not everyone got crushed when the market collapsed.

For traders at a little-known Denver hedge fund who saw it coming, it was the score of a lifetime — a $ 17.5 million payday on a $ 200,000 bet.

“People were laughing at us, saying this could never happen, this should never happen,” Justin Borus, the 41-year-old founder and manager at Denver-based Ibex Investors, said in an interview. “We saw people pricing this as a 1-in-5,000 event, but it was more like a one-in-five-year event.”

Borus’s team bet that an exchange-traded fund linked to a calm stock market would go to zero in the event of suddenly volatile trading. The ETF almost did — it lost 96 percent of its value.

Borus said they always believed in the wager, even when just about no one else did. But the jackpot still caught them by surprise. Two of the group — Ari Rubin and Cooper Stainbrook — were taking a long walk around the Colorado capital when the market started to go haywire on Feb. 5.

As they walked, the two of them — Ibex’s director and chief data scientist — were on the phone with a client and in passing mentioned rare, so-called black-swan events. The client told them to check out the VIX Index. One was happening as they spoke.

Extreme Velocity

“We came back to our screen and we’re watching the VIX and it’s moving with extreme velocity,” said Rubin, a former Israeli Defense Force soldier and ski bum turned money manager. “We’re laughing at every tick up until we realized what was going on. Cooper just looks at me and goes, ‘Oh man. The Vol-pocolypse just happened.'”

What was happening was the biggest plunge for U.S. equities in more than six years. Concern inflation was seeping into the economy triggered a decline in the Dow Jones Industrial Average that reached 6.3 percent at its lowest level. The benchmark index for equity volatility rose to more than twice its level the day before, crushing bettors who’d gotten used to years of very low volatility.

For about a year, Ibex had been buying options on the ProShares Short VIX Short-Term Futures ETF, ticker SVXY. The executives wouldn’t comment publicly on the exact mechanics of the trade or its profit, but they were detailed in a research note published by an adviser to the firm, Pravit Chintawongvanich of Macro Risk Advisers. Owning the contracts fit into the 15-year-old fund’s niche-product strategies. As of January, the 20-person firm managed about $ 350 million.

Volatility Spasm

Ibex’s plan was to profit when five years of a record-calm stock market burst into a spasm of volatility. Exchange-traded volatility notes that rose when volatility fell looked like a particularly ripe target, given the potential for a feedback loop that might send the Cboe Volatility Index surging in the event of market stress.

Other investors may have been lulled by the years of relative serenity in the stock markets. The average volatility rate for 2017 was lower than every single trading day from Dec. 22, 1995, to June 20, 2005. The VIX finished below a level of 10 — super quiet! — on only nine days before May 2017 and 68 days since.

That’s why so few have dared bet against short-vol, which had been minting money with breathtaking consistency. Even retail traders bought inverse VIX ETPs, hoping to make a quick and easy buck. That’s what intrigued Ibex.

Laughed in Their Faces

They went shopping for the right derivatives to place their bet. Brokers responded with ridicule — options speculating the inverse VIX would go to zero would never pay off.

“Cooper and I go to New York a lot,” Rubin said. “In one instance, someone actually laughed in our faces at the type of options we were looking at.”

On Jan. 2, the managers put down $ 200,000 on what looked like a lottery ticket, with each SVXY put costing 34 cents. On Feb. 6, they sold the 6,300 contracts at about $ 28 each, leaving them with $ 17.5 million.

The firm had been in frequent contact with MRA’s Chintawongvanich, who’d been warning that the VIX notes could blow up for a while. Ibex was one of the few clients who actually heeded his warning, he said.

“Before this happened, I looked like the boy who cried wolf,” Chintawongvanich said. “There’s a risk that was underpriced by the market which we’ve been pointing out for a long time, and one of our clients capitalized on it, and I’m really happy for them.”

Ibex gives partial credit to a view of the Rocky Mountains outside the firm’s window. They’re 2,000 miles from New York and the conventional wisdom that said VIX ETPs could never blow up.

“The traditional mutual fund and hedge fund business is toast,” Borus said. “Most people investing in equities are going to index funds and ETFs. We believe in different strategies with higher risks and higher returns.”

After a sleepless Monday night, Rubin and Stainbrook celebrated by going skiing.

Fortune

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Mark Wahlberg just donated $1.5m to the Time’s Up fund in Michelle Williams’ name 

‘I 100% support the fight for fair pay’

michelle williams and mark wahlberg

The past few months have seen women and men, particularly in Hollywood, calling out the mistreatment of women and promoting gender equality.

As a result, the Time’s Up campaign was founded this month, with its legal defence fund offering support to victims of sexual harassment, abuse or assault in the workplace.

Celebrities from Reese Witherspoon to Ewan McGregor took to the red carpet of the Golden Globes last week to promote the Time’s Up campaign, and the movement seems to have extended past awards season.

The latest high profile figure to call for change is actor Mark Wahlberg who just announced his plans to donate $ 1.5 million to the Time’s Up defence fund in actress Michelle Williams’ name.

The pair have just filmed All the Money in the World together and recently made headlines after they were forced to reshoot scenes following actor Kevin Spacey’s removal from the project after facing sexual harassment accusations last year.

Showcasing Hollywood’s shocking pay disparity, Wahlberg was given $ 1.5 million for the reshoot while his female co-star was paid just $ 80 a day.

Understandably the public wasn’t happy with the news and neither it seems was Mark Wahlberg who took to Twitter to voice his outrage and support his co-star.

‘Over the last few days my reshoot fee for All the Money in the World has become an important topic of conversation,’ the actor announced in a statement. ‘I 100% support the fight for fair pay and I’m donating the $ 1.5M to the Time’s Up Legal Defense Fund in Michelle Williams’ name.’

Responding to the news, Michelle Williams also released a statement.

‘If we truly envision an equal world, it takes equal effort and sacrifice,’ she announced. ‘Today is one of the most indelible days of my life because of Mark Wahlberg, WME and a community of women and men who share in this accomplishment. Anthony Rapp, for all the shoulders you stood on, now we stand on yours.’

Time is definitely up.

The post Mark Wahlberg just donated $ 1.5m to the Time’s Up fund in Michelle Williams’ name  appeared first on Marie Claire.

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UnitedHealth launches venture fund as it tries to stay ahead of Amazon, Apple

"This is a restless company, dissatisfied with the status quo in health care," CEO David Wichmann told investors.
Health Care

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7 Ways to Fund Your Startup

At times, it may seem like finding money to fund your business is as difficult as striking it rich from the lotto, but never fear, there are many ways to accomplish this feat. When you have a startup or a small/medium business that you are looking to get off the ground, there are several ways to draw in some additional cash.

 

(Image: nappy.co/@PHOTOSBYPHAB )

 

 Pitch Competitions

 

These things are popping up all over the place and they are happening with intense frequency. I have a friend who won two in one week, no joke. These competitions allow you to receive earnings ranging anywhere from $ 1,000 to $ 650,000 (I saw this happen literally last week to the good folks over at Squire.)

 

Grants

 

Like the above, these surface often but, you have to do a little more research to track them down. The beauty of a grant is, unlike the below, you don’t have to pay it back and because you are a minority, you already qualify for a pretty extensive number of them.

 

Loans

 

They can come directly from the bank or from friends or family members, although I would be a little cautious with the latter. I’ve seen some relationships end very badly over this exchange. You must pay this money back and it usually comes with an interest rate attached.

 

Crowdfunding

 

A lot of entrepreneurs use this process to test the market and see if there’s a demand. They will host their project with several rewards attached and if the audience bites, they know they’ve got something. Some popular platforms include Indiegogo and Kickstarter.

 

Angel Investment

 

This is when a high net-worth individual decides to spend their own money to help you fund your dreams. In some cases, angels are institutional investors or former CEOs of companies with extra cash lying around to invest. Either way, they are a good option to tap into.

 

Venture Capital

 

This investment consists of you selling shares, i.e., an ownership stake in the company. These deals have been known to be structured in many different ways. They can show up as a Convertible Note or SAFE, both forms of debt set to convert to equity. (Click the links to learn why this works in your favor). The ultimate goal for the investor is for your company to get an equity/priced round. That is when they can actually start to make a return on their investment.

 

Equity Crowdfunding

 

This is becoming a more common way of raising in the venture community, especially among African Americans. Entrepreneurs are finding it harder and harder to raise from investors so they look to their peers to invest. Some reputable equity crowdfunding platforms include SeedInvest, Crowdfunder, and most recently Indiegogo partnered with MicroVentures and launched their version of one.

Small Business – Black Enterprise

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Hedge fund sues Google for info on scamming WSJ imposter

Months after Muddy Waters Capital, a San Francisco hedge fund, shorted shares of a French retailer, a man posing as a Wall Street Journal reporter tried to obtain tactical insight from the fund’s founder, Carson Block, a shocking new lawsuit claims. The suit seeks to unmask the unidentified fake reporter by forcing Google to reveal…
Business | New York Post

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Allred accompanies Weinstein accuser, seeks victims fund

Associated Press

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http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.-American Consultants Rx -Pharmacy Discount Network News

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Click today to request your free ACRX discount prescription card and save up to 80% off of your medicine!

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Please help American Consultants Rx achieve it’s biggest goal yet of donating over 30 million discount prescription cards to over 50k organizations in an effort to assist millions of Americans in need. Please click here to donate today!

Chris Cornell, Dave Grohl Donate Items to Unique Addiction Recovery Fund

Chris Cornell, Elton John, Dave Grohl, Iggy Pop and former Nirvana bassist Krist Novoselic are among the high-profile musicians who donated personal items used to create a unique line of timepieces, the Rock LTD Collection,

This article originally appeared on www.rollingstone.com: Chris Cornell, Dave Grohl Donate Items to Unique Addiction Recovery Fund

Rolling Stone Latest Music News

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GE names partner at Nelson Peltz fund to its board

General Electric said on Monday it had elected Ed Garden, the founding partner and chief investment officer of activist investment firm Trian Fund Management, to its board of directors. Garden will replace Robert Lane, who is retiring due to health reasons, GE said in a statement. Nelson Peltz-led Trian, which has a stake of about…
Business | New York Post

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Watch Chance the Rapper Announce $2.2 Million Fund for Chicago Schools

Chance the Rapper announced Friday that his SocialWorks organization has raised $ 2.2 million for the Chicago Public Schools' arts programs.

"Quality education for public schools is the most important investment a community can make," the rapper said at Chicago's Harold Washington Cultural Center,

This article originally appeared on www.rollingstone.com: Watch Chance the Rapper Announce $ 2.2 Million Fund for Chicago Schools

Rolling Stone Latest Music News

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Houston Black Chamber Establishes Relief Fund for Harvey-Ravaged Black Businesses

The Greater Houston Black Chamber is setting up the GHBC Foundation 501(c)3 Relief Fund to assist black-owned businesses in jeopardy from Hurricane Harvey.

 

GHBC is issuing a call-to-arms via an online campaign requesting funds for the relief effort. Within the next 24 hours, the GHBC website will have short applications for Houston business owners to complete to request access to the funds.

 

“We anticipate the requests to pours in and want to be in a position with funds to help,” said a representative from the GHBC via an emailed statement.

 

Houston is ranked the No. 1 city in America for fostering minority-owned businesses. A report revealed that 17.5% of the city’s businesses were minority-owned. Reasons cited for Houston being a fertile ground for black businesses include its relatively low startup costs; access to financial resources; and its diverse population.

 

If Hurricane Katrina is an indicator, recovery doesn’t bode well for many of the storm-ravaged black-owned small business in Houston. Over 60,000 black-owned businesses were walloped by Katrina and many never recovered. In Louisiana alone, Katrina impacted 20,000 black-owned businesses that generated over $ 800 million.

 

Founded in 1935, the GHBC was Houston’s first African American civic organization. It is dedicated to developing black-owned businesses in that city as well as creating outreach partnership opportunities in Houston’s black community.

 

This is a developing story and will be updated.

 

 

 

Small Business – Black Enterprise

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Oasis star Noel Gallagher announces massive new gig in support of the Manchester Memorial Fund – and tickets go on sale tomorrow

NOEL Gallagher will headline an all-star gig to re-open Manchester’s MEN Arena following May’s tragic terror attack which killed 22 people.

The Oasis singer’s High Flying Birds top the bill of the We Are Manchester gig, with rockers The Courteeners, Blossoms and 80s legend Rick Astley also announced.

Noel Gallagher will headline an all-star gig to re-open Manchester’s MEN Arena

Britpop icon Noel didn’t perform at the One Love charity concert organised by Ariana Grande just two weeks after the attack at her concert, but he did generate all royalties from the Oasis smash Don’t Look Back In Anger to the fund.

Deputy leader of Manchester City Council, Sue Murphy told the Manchester Evening News: “No one will ever forget the terrible events of 22 May but Manchester has reacted with love, solidarity and a determination to continue doing the things which make this such a vibrant city.

“We welcome the re-opening of the Arena, a major venue which attracts hundreds of thousands of visitors, as a powerful symbol of this defiant and resilient spirit. It is entirely fitting that the re-opening event should be a memorial fundraiser.

“Plans for the form and location of any permanent commemorations will be determined in liaison with the families of victims and others affected by the attack.”


Got a story? email digishowbiz@the-sun.co.uk or call us direct on 02077824220


TV and Showbiz – latest celebrity news, gossip, photos, TV and film reviews | The Sun

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Hedge fund manager charged for scamming investors out of millions

A Ponzi-like scheme that would make Bernie Madoff proud has been uncovered in Boston, authorities say. Massachusetts officials have charged hedge-fund manager Raymond Montoya with scamming investors out of millions of dollars. On Wednesday, Montoya was charged by the feds with mail fraud and wire fraud, and then released after his appearance in federal court….
Business | New York Post

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Hedge fund accused of Ponzi scheme is ruining athletes’ lives: former NFL player

An alleged Ponzi-scheming hedge fund that preyed on pro athletes is still ruining lives, according to a former NFL player. Ex-NFLer Nic Harris was one of nearly two dozen athletes who fell for the charms of Darien Dash, a one time Internet mogul whose sister is “Clueless” actress Stacey Dash and whose cousin, Damon Dash,…
News | New York Post

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American Action Fund for Blind Children & Adults Receive Tribute & Medicine Assistance By Charles Myrick Of ACRX

ACRX Recognition Gallery: American Consultants Rx
http://www.acrx.org -As millions of Americans strive to deal with the economic downturn,loss of jobs,foreclosures,high cost of gas,and the rising cost of prescription drug cost. Charles Myrick ,the President of American Consultants Rx, announced the re-release of the American Consultants Rx community service project which consist of millions of free discount prescription cards being donated to thousands of not for profits,hospitals,schools,churches,etc. in an effort to assist the uninsured,under insured,and seniors deal with the high cost of prescription drugs.

The American Consultants Rx discount prescription cards are to be given free to anyone in need of help curbing the high cost of prescription drugs.

Due to the rising costs, unstable economics, and the mounting cost of prescriptions, American Consultants Rx Inc. (ACRX) a.k.a (ACIRX) an Atlanta based company was born in 2004. The ACRX discount prescription card program was created and over 25 million discount prescription cards were donated to over 18k organizations across the country to be distributed to those in need of prescription assistance free of charge since 2004.

The ACRX cards will offer discounts of name brand drugs of up to 40% off and up to 60% off of generic drugs. They also possess no eligibility requirements, no forms to fill out, or expiration date as well .One card will take care of a whole family. Also note that the ACRX cards will come to your organization already pre-activated .The cards are good at over 50k stores from Walgreen, Wal mart, Eckerd”s, Kmart, Kroger, Publix, and many more. Any one can use these cards but ACRX is focusing on those who are uninsured, underinsured, or on Medicare. The ACRX cards are now in Spanish as well.

American Consultants Rx made arrangements online for the ACRX card to be available at http://www.acrxcards.com where it can also be downloaded. This arrangement has been made to allow organizations an avenue to continue assisting their clients in the community until they receive their orders of the ACRX cards. ACRX made it possible for cards to be requested from online for individuals and organizations free of charge. Request for the ACRX cards can also be made by mailing a request to : ACRX, P.O.Box 161336,Atlanta,GA 30321, faxing a written request to 404-305-9539,or calling the office at 404-767-1072. Please include name (if organization please include organization and contact name),mailing address,designate Spanish or English,amount of cards requested,and telephone number.

American Consultants Rx is working diligently to assist as many people and organizations as possible. It should be noted that while many other organizations and companies place a cost on their money saving cards, American Consultants Rx does not believe a cost should be applied, just to assist our fellow Americans. American Consultants Rx states that it will continue to strive to assist those in need.