Funds

Billionaire investor Ray Dalio’s Bridgewater Associates is planning to accumulate funding for an Asia-excluding-China fund that caters to Chinese investors looking to diversify their holdings across the Asian economy. What Happened: Bridgewater’s Chinese arm is looking to raise funds...

San Francisco-based Distru, a cannabis ERP platform, has closed a successful $6 million Series A funding round. The funding, led and announced by Poseidon Investment Management, with additional backing from Global Founders Capital, will accelerate Distru’s mission to become the go-to platform...

The Ronin crypto wallet mobile app integrated Binance Pay to its interface, enabling users to directly import funds from Binance exchange accounts to their wallets. What Happened: Ronin is one of the first few wallets using this new technology, after Binance Web3 Wallet and Trust Wallet. This...

Tim Schlidt, co-founder and partner at Palo Santo, a 1-year-old VC fund focused exclusively on the psychedelics sector, was a guest at a special broadcast of the Benzinga Cannabis Hour, streaming live from MjBizCon in Las Vegas. Tim speaks out about his recent $35 million...

In these crazy, Covid-ridden times, it would seem that 5G’s popularity only comes from its association with conspiracy theories. However, its transformational power is equivalent to that of AI, autonomous vehicles, and outer space traveling, as it will change how we live or the jobs our...

Cannabis company Vireo Health International Inc. (CNSX:VREO) (OTCQX: VREOF) has secured some $23.5 million in financing through a credit facility with a Green Ivy Capital affiliate. The Minneapolis-based company confirmed Friday closing the first tranche of the previously-announced senior...

Agrify Corp. (NASDAQ: AGFY) has secured roughly $75 million in financing through an underwritten public offering of its shares. The Burlington, Massachusetts-based company opted to sell additional shares of its common stock — more than 5.5 million — at $13.5 per share. The...

Direxion announced on Wednesday the launch of three new ETFs for 2020 meant to appeal to long-term investors.  These new ETFs are the Direxion MSCI USA ESG - Leaders vs. Laggards ETF (NYSE: ESNG) Direxion Flight to Safety Strategy ETF (NYSE: FLYT) and Direxion S&P 500 High Minus...

Investors are holding the most cash since 2001, according to a new report this week. Bank of America's investment global strategy team, led by Michael Hartnett, shared findings of a new global fund manager survey on Tuesday. Funds' focus on cash holdings was the top takeaway Hartnett...