fund managers

The US Secret Service is facing questions over whether agency funding was used for White House renovations. The matter raises concerns about how the agency, primarily tasked with protecting the president, manages and allocates its budget, and whether spending on property improvements falls within its authorised mandate.

A growing coalition is urging Congress to approach wildfires as a national security challenge rather than solely a natural disaster or land management issue. The push would reframe how the federal government funds, plans and responds to catastrophic fires, bringing wildfire policy into the same conversation as defense preparedness and homeland security priorities.

A federal judge has ruled that the Federal Emergency Management Agency cannot condition security grant funding on states making changes to their election systems. The decision limits FEMA's ability to use homeland security grants as leverage over election policy, a move that had raised concerns about federal overreach into state-administered elections.

India's central bank has recommended increasing the limits on advances it provides to state governments. The move would raise the short-term funding available to states for managing their cash flows. Details on the size of the increase and the reasoning have not yet been made clear, and officials have not commented further on the proposal's timing.

The World Bank has published its Gabon Public Finance Review 2026, focused on improving fiscal policies so public spending delivers better results for all Gabonese citizens. The review examines how the government collects revenue, allocates its budget and manages public funds, with recommendations aimed at strengthening fiscal governance and making spending more effective and equitable across the country.

Hedge fund ExodusPoint Capital Management has joined a growing group of hedge funds partnering with Anthropic to use its artificial intelligence technology. The move, reported by Bloomberg, signals that major quantitative and multi-strategy funds continue to invest in AI tools for trading, research and operations, adding ExodusPoint to a list of prominent asset managers working directly with the AI company.

T. Rowe Price portfolio manager Tony Wang addressed public fears about artificial intelligence, arguing that concerns accompany every new technology and that society responds by developing guardrails. His comments come as investors and regulators weigh the risks and opportunities of rapid AI adoption. Wang's stance suggests confidence that oversight can keep the technology's risks in check while preserving its benefits.

NVIDIA is reportedly exploring insurance protection for loans backed by its chips, as the company pushes deeper into AI financing. The move would help lenders manage risk when funding purchases of expensive GPUs used in AI data centres, reflecting how chipmakers are increasingly stepping into financial services to support demand for their hardware.

Mahindra Manulife Mutual Fund has entered India's special investment fund (SIF) space with an equity long-short strategy, marking its first product in this newer asset category. SIFs allow fund houses to offer strategies with short-selling and derivatives flexibility beyond traditional mutual funds. The move puts Mahindra Manulife among asset managers expanding into the segment since regulators opened it up.