Carmel-based investment firm closes on $250M fund
CID Capital recently closed on its fourth investment fund, which brought in $250 million—significantly more than the $200 million the firm had been targeting.
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State divests from two investment funds over ESG, China connections
The Indiana Deferred Compensation Committee voted to eliminate public retirement assets from the funds as part of the state’s effort to divest from Chinese entities and funds prioritizing environmental, social and governance practices.
Indiana secretary of state targets BlackRock for alleged fraud over ESG funds
Indiana Secretary of State Diego Morales sent a cease and desist letter on Thursday, accusing BlackRock of making “false and misleading statements” about the asset management firm’s environmental, social or governance (ESG) funds.
Price of gold reaches record high. Here’s why.
Interest in buying gold often comes at times of uncertainty—with potential concerns about inflation and the strength of the U.S. dollar, for example, causing some to look for alternative places to park their money.
Indianapolis-based financial wellness firm lands $4.5M venture investment
Local financial planning guru Peter “Pete the Planner” Dunn said the funding will help his company accelerate the development of an artificial-intelligence powered tool that will offer customized financial coaching.
Wall Street rallies to its best day since 2022 on encouraging unemployment data
Treasury yields also climbed in the bond market in a signal investors are feeling less worried about the economy after a report showed fewer U.S. workers applied for unemployment benefits last week.
Wall Street rallies to bounce back from its worst day in nearly 2 years
Stronger-than-expected profit reports from several big U.S. companies helped drive the market.
Stock markets are reeling, but economists say don’t panic yet
U.S. stock markets plummeted Monday, with two major indexes racking up their worst day of trading in almost two years.
Dow drops 860 points, Japanese stocks suffer worst crash since 1987
Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world.
Outages hit Schwab, Fidelity, other online trading brokerages during market sell-off
Several online brokerage firms appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024.
Stock market on midday pace for worst session since 2022
Worries are rising the Federal Reserve might have kept its main interest rate at a two-decade high for too long.
State officials celebrate as public pension system completes Chinese divestment
Comptroller Elise Nieshalla and Treasurer Daniel Elliott praised the pension system’s “speedy action” following 2023 legislation requiring divestment.
Venture capital investment in Indiana’s tech sector continued to swell in 2Q
According to TechPoint’s second-quarter Indiana Tech Venture Report, last quarter’s deal value rose to more than $216 million, towering over the $47 million posted in the second quarter of 2023.
Amid tensions, some states are purging Chinese companies from their investments
Indiana last year became the first to enact a law requiring the state’s public pension system to gradually divest from certain Chinese companies.
Widespread rally sends Wall Street to record as Dow leaps 740 points
Unlike other record-setting days, Tuesday’s came after a widespread rally where nearly nine out of every 10 stocks in the S&P 500 rose, instead of just the handful of influential Big Tech stocks.
Financial firm with central Indiana ties faces FBI investigation, civil lawsuits
Capstone Capital Management LLC is also facing multiple civil suits filed by investors who say they were deceived by Capstone and lost money as a result.
How the state is policing pension asset managers for ESG commitments
The Indiana State Treasurer’s Office is evaluating about 10 to 15 asset investment managers for possibly oversteppping a new anti-ESG law, which bars the state’s pension board from making investments with the purpose of “influencing any social or environmental policy” for nonfinancial purposes.
Investors eyeing opportunities in accounting firms
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
State treasurer places BlackRock on ESG watchlist
Indiana passed a law in 2023 directing the Indiana Public Retirement System board to refrain from making investments aimed at environmental, social, and governance issues.
Former Indianapolis-area insurance broker sentenced to prison for $4M Ponzi scheme
Former insurance broker Brian Simms perpetrated the fraud through his company, Brendanwood Financial Brokerage LLC in Carmel.