The $100 billion fund’s founding partners are sovereign wealth fund Mubadala and AI company G42.
The 2.5% excise tax would target private institutions in the state with endowments of at least $1 billion.
Previous supposedly hot offerings, like Instacart, did nothing to help the tattered new-issue market.
Nicholas Salzano agreed to a prison term of eight to 12 years for securities fraud, conspiracy to commit wire fraud and conspiracy to defraud the U.S.
Whether seeking diversification or value in active equities, several countries in the region may be attractive for years to come.
Several finance savants, including Jamie Dimon, admonish that high inflation and a punk economy could stage a comeback.