Exact(8)
If the fund was able to buy those assets, Citigroup would minimize the impact on its balance sheet.
Mellon says the fund was able to participate because it had previously invested in Alrosa back in 2013.
Starting with just $5 billion in capital, the fund was able to get $125 billion in additional funds.
The fund was able to win a $100 million judgment in England and intercept $39 million worth of oil owned by the Republic of Congo.
Thankfully, the sums involved in the African transactions were relatively small and the fund was able to retain its broader market credibility.
Renovation work has already started, since the fund was able to get financing once the first suit was dismissed, he said.
Similar(52)
The agencies supported by the fund are able to help families and individuals with counseling, and with emergency cash and rent assistance, food and clothing.
However, as the cash for it is dependent on selling off strategic assets in difficult market conditions, it will take many months or even years before the fund is able to make a meaningful difference.
"We await with interest the eligibility criteria for the infrastructure fund and the terms under which the fund is able to invest – these will be key to understanding the potential impact of the fund and its attractiveness to the homebuilding sector," he said.
"We do have concern about the fund being able to meet its long-term obligation," Scott F. Porter, an actuary with the firm, Milliman, told trustees of the New Jersey Teachers' Pension and Annuity Fund when he presented his annual update on the financial condition of the fund.
Fund managers in Ohio and other states say retirees need not fear that the Enron losses will reduce their pensions because, even with those losses, the funds are able to cover their obligations.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.
Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com