A federal judge on Friday gave final approval to JPMorgan Chase & Co’s (JPM.N) $218 million settlement to resolve class-action litigation accusing the largest U.S. bank of playing a central role in the huge Ponzi scheme of former client Bernard Madoff. U.S. District Judge Colleen McMahon in Manhattan said the […]
Author: InvestAdvocate
Why Africa is the next frontier for fund investors
It only took a look at the financial statements of the world’s largest maker of spirits to convince Larry Seruma that Africa was the place to go. Seruma was then running a long-short hedge fund and had a position in Diageo Plc, the company behind the Johnnie Walker, Guinness and […]
Nigeria to Increase Gas Prices to Boost Supply to Power Plants
Nigeria, the world’s fourth-biggest liquefied natural gas exporter, plans to increase domestic gas prices to boost supply to power plants hit by shortages. The nation will apply “export-parity pricing” in 2016, Timothy Okon, group coordinator of strategy and planning at Nigerian National Petroleum Corp. said yesterday in an interview at […]
