When the fund marked its Lehman notes down to zero the next day, it "broke the buck," or reported a net asset value below a dollar a share.
"The launch of the Amplify Change fund marks an important event," said Mogens Jensen, Denmark's minister for trade and development cooperation.
Popularly known as K.P.E., the fund marked down the value of a wide variety of its investments, including those in companies like the credit-card processor First Data; the British pharmacy chain Alliance Boots; and the Texas energy company Energy Future Holdings.
The fund marked down its stake in Dutch chip maker NXP by 25percentt and in ProSiebenSat.1 Media, the biggest broadcaster in Germany, by 27percentthethe company, listed in Amsterdam, said Friday.
The new fund marks the second time in five years that SEP has raised a fund in excess of £100 million.
Eakin believes that the Growth Fund marks a seminal shift: Crowdfunding is often synonymous with small investors, but the fund points to how it can be appropriated differently, as a "robust online equity marketplace with various products and services for different types of investors".
The passage of SeaTac's minimum wage ballot initiative, which SEIU helped to fund, marked the first concrete policy win for the national Fight for $15 movement.
As Wall Street firms and hedge funds mark value of similar investments they held to their new lower values, they face potentially huge hits to their profits.
Since passing the $1 million funding mark, Jolla has expanded its tablet Indiegogo campaign to two more countries, with Australia and Canada now also able to pledge after a public vote.
An Engadget article spurred the first bit, but when we woke up on Wednesday morning and saw that we had hit our funding mark within two hours that was pretty amazing.
