Already bruised by losses in the wake of Lehman Brothers’ bankruptcy three months earlier, the middle men who help pick and vet hedge funds for investors fell further out of favor. Many of these so-called funds of funds did business with the conman by steering clients to his firm. Leery of putting their money at risk, retirement plans, sovereign wealth funds and other investors began shunning these firms to invest in hedge funds directly.
Fragments protocol, an effort at stabilizing the buying power of cryptocurrency, has rebranded itself to Ampleforth as of today, renaming the crypto project after the “1984” character whose job is to translate poetry into Newspeak. Ampleforth aims to preserve the unit of account and money properties of its tokens. Instead of pegging to a fixed
Mining companies have invested at least $5 billion towards gold exploration in West Africa in the last decade but significant reserves are under-exploited, mineral industry experts said on Tuesday. Delegates at the Ecomof mining and petroleum forum in the Ivory Coast commercial capital Abidjan were told that more must be done to attract international investors to develop mining potential. "Throughout West Africa there are interesting minerals, gold, iron, nickel, manganese among others," said Kadjo Kouame, managing director of Sodemi, the Ivory Coast mining development company.
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