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Oil pumpjacks in Andrews County. A bill that received preliminary approval from the Texas House on Monday would require state investment funds to divest from companies that refuse to invest in fossil fuel companies.Â
Jerod Foster for The Texas Tribune featured
By Erin Douglas, The Texas Tribune May 5, 2021
3 hrs ago
Oil pumpjacks in Andrews County. A bill that received preliminary approval from the Texas House on Monday would require state investment funds to divest from companies that refuse to invest in fossil fuel companies. Jerod Foster for The Texas Tribune
Two bills that were advanced by the Texas Legislature this week attempt to protect the stateâs oil and gas industry from efforts to reduce greenhouse gas emissions.
Oil pumpjacks in Andrews County. A bill that received preliminary approval from the Texas House on Monday would require state investment funds to divest from companies that refuse to invest in fossil fuel companies. Credit: Jerod Foster for The Texas Tribune
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Two bills that were advanced by the Texas Legislature this week attempt to protect the state’s oil and gas industry from efforts to reduce greenhouse gas emissions.
The House on Tuesday gave its final approval to Senate Bill 13, which would require state entities including state pension funds and Texas’ massive K-12 school endowment to divest from companies that cut ties with or “boycott” fossil fuel companies. The legislation bites back at some Wall Street investors that have pulled financial support for the oil industry in an effort to curb carbon emissions that contribute to clima
Infinity Q Capital to liquidate hedge fund due to mispricing
Infinity Q Capital to liquidate hedge fund due to mispricing
The New York Stock Exchange reflected in a window of Federal Hall.
The liquidation of a hedge fund run by troubled manager Infinity Q Capital Management LLC could impact some asset owners because of potential losses from the same mispricing suffered in the firm s mutual fund, said investment consultants who asked not to be named.
The New York-based manager has already liquidated a mutual fund tainted by mispricing of swaps by the firm s CIO but has not publicly disclosed the planned liquidation of its $760 million hedge fund, Infinity Q Volatility Alpha Fund, which the consultants said was also subject to inaccurate valuations.
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BOSTON (Reuters) - New York investment firm Infinity Q Capital Management LLC is liquidating its hedge fund as the fallout from a U.S. regulatory probe into its valuation practices spreads, according to a person with knowledge of the matter.
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst//File Photo
The hedge fund wind-down, first reported by Reuters, may expand the Wall Street firm’s client losses and spark further questions over who is to blame for the valuation problems first surfaced by the Securities and Exchange Commission (SEC).