Funds | Hedge Funds

RBC, 27.02.2010, Sochi 15:45:24. Russian Railways’ investment program in 2010-2015 will require nearly RUB 400bn (approx. USD 13.32bn) in government support funds, the company’s President Vladimir Yakunin told journalists today.

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Several hedge funds have placed big bearish bets against the euro, with some speculating the single European unit will fall to parity with the dollar, the Wall Street Journal reported Friday.

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Hedge funds are hitting middle age.

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As Capitol Hill debates reform, these funds think the industry looks good.

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Two local congressmen have secured $1 million in federal funds for improvements to St. Bernardine Medical Center in San Bernardino. A $500,000 appropriation acquired by Rep. Jerry Lewis , R-Redlands, will pay for a vascular surgical suite. A $500,000 appropriation acquired by Rep. Joe Baca , D-Rialto, will help pay for a $2.1 million MRI imaging machine to detect breast cancer.

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The Phoenixville Community Health Foundation (PCHF) awarded the Phoenixville Area Library a $25,000 grant for emergency operating funds. The grant also comes with an additional $10,000 option if the library can find a donor to match the $10,000 from PCHF.

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The Moreno Valley City Council this week authorized $30,000 more for additional foreclosure prevention workshops by transferring funds from other community development accounts. Although the city’s unemployment declined from 17 percent to 16.5 percent in 2009, it’s still higher than the county’s jobless rate of 14.3 percent and the state’s rate of 12.4 percent.

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London 2012 organizers may have use more contingency funds to complete construction for the Olympics.

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London 2012 organizers may have use more contingency funds to complete construction for the Olympics. Construction is on target to fall within the maximum $14.2 billion budget, but the body that monitors government spending says that could change. The National Audit Office says that “financial pressures and risks are likely to occur right up to the Games.” Organizers used $948 million of…

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Target date funds — funds designed to change their mix of stocks and bonds to be more conservative the closer you get to retirement — have come under attack recently for possiblly offering a false sense of security. Mutual fund - Target date fund - Stock - Investing - Business

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