April 19, 2021

Fund

Apple launches $200 million forestry fund it says will bring financial return for investors

Apple has created a $200 million fund designed to remove carbon emissions from the air and support the sustainable forestry the company uses to package iPhones and more. Yet the fund will still generate a financial return for investors.

Called the Restore Fund, the effort launched with Goldman Sachs
GS,
+1.11%,
who’ll run the investment portion, and nonprofit Conservation International, aims to remove 1 million metric tons of carbon dioxide from the atmosphere each year. That’s equivalent to more than 200,000 passenger cars annually, Apple
AAPL,
-0.25%
said this week.

The project is also meant to show other for-profit

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Small Business Administration Launching Restaurant Revitalization Fund


Application and eligibility information available in English and Spanish

Trae Lamond, the owner of Chadwicks Restaurant in Old Town. (Photo: Lucelle O’Flaherty/The Zebra Press/File photo)

ALEXANDRIA, VA-The restaurant industry has been hit hard by the pandemic. As part of the American Rescue Plan, President Biden established the $28.6 billion Restaurant Revitalization Fund (RRF), overseen by the U.S. Small Business Administration (SBA). The aim of the RRF is to bring jobs back and boost the struggling industry.

“Today, we are starting the process to help restaurants and bars across the country devastated by the pandemic, and this is our message: Help

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Colorado auctioning weed-themed license plates to raise money for disability fund

Colorado has a new way for drivers to show their high country pride.

The state’s Department of Motor Vehicles is offering 14 vanity plates with weed-themed words and phrases through an auction to raise money for the Colorado Disability Funding Committee.

BONG, GANJA, HERB and ISIT420 are among the tags on offer.

The last of those is a reference to April 20, which is celebrated by many marijuana users as Weed Day and is when the auction is scheduled to end.

At the time this article was published, the bidding for ISIT420 had reached $6510, followed GREEN at $2,500 and

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Singapore Hedge Fund Targets Billions for Trade Finance

Photographer: Lauryn Ishak/Bloomberg

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A Singapore hedge fund that’s posted steady gains by financing commodity trades in everything from rice to cashews, is working with a global business group to help finance billions of dollars in transactions for small firms.

TradeFlow Capital Management Pte has reached an agreement with the International Chamber of Commerce in France to start a new fund for small companies carrying out physical commodity trades, according to a statement.

TradeFlow, which has reached a preliminary agreement to be

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Whistle-Blowers Sparked Probe at Trade-Finance Fund Barak

Auditors are probing whistle-blower complaints about Barak Fund Management as the firm seeks approval to restructure a $1 billion trade finance fund that’s left investors stuck with hard-to-sell assets.

Some employees lodged complaints with the Mauritius-based investment firm last year, according to people familiar with the matters. Two raised concerns about the quality of collateral linked to some loans that it made, while another warned about the overvaluation of some assets, said the people, who asked not to be named because the details are private.

The firm acknowledged that three complaints were received, with two relating to “allegations of impropriety,”

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This stock fund may be for you if you want to sleep well at night and still make money

Just about every financial adviser recommends that individual investors avoid timing the stock market. That advice can go in one ear and out the other in turbulent times, such as during last year’s coronavirus-induced panic.

Professional money managers have various strategies to limit downside risk. Some of those are being sought out today, as a recent change of direction for interest rates has rattled stock market investors.

The ACM Dynamic Opportunity Fund
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-1.89%
follows a long/short strategy that seeks to give investors a measure of protection. However, its approach isn’t to short-sell stocks that the portfolio managers believe will

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