Jeff Ubben tells the FT he is leaving ValueAct for social investing: ‘Finance is, like, done’

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Jeffrey Ubben

Source: BusinessWire

ValueAct Capital’s Jeffrey Ubben has reportedly left the firm he founded in 2000 to focus on socially responsible investing full-time, a new report from the Financial Times said.

Ubben will launch a new fund called Inclusive Capital Partners, according to the Financial Times, where he’ll be joined by two former ValueAct colleagues as well as Coalition for Inclusive Capitalism CEO Forester de Rothschild.

The move is not completely out of left field since Ubben has managed the firm’s socially responsible fund, known as the ValueAct Spring Fund, since its launch in 2018. He will continue

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Renault could disappear and must adapt: French finance minister

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FILE PHOTO: The logo of Renault carmaker is pictured at a dealership in Les Sorinieres, near Nantes, France, February 19, 2020. REUTERS/Stephane Mahe

PARIS (Reuters) – Renault (RENA.PA) could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France’s Finance Minister Bruno Le Maire said on Friday, while adding the carmaker also needed to adapt to the situation.

Le Maire told Europe 1 radio that Renault’s French plant in Flins must not close and that the company should be able to keep as many jobs as possible in France,

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‘I’ve not yet signed Renault loan’, says French finance minister

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PARIS (Reuters) – France’s Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault (RENA.PA) cope with the fallout from the coronavirus, and that discussions continued.

FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a presentation of the details for the end of the country’s lockdown imposed to curb the spread of the coronavirus disease (COVID-19), at the Hotel Matignon in Paris, France May 7, 2020. Christophe Archambault/Pool via REUTERS

Le Maire told newspaper Le Figaro that the government was seeking

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Singapore insurance, finance firms to reopen June 02

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The Monetary Authority of Singapore (MAS) has announced that financial institutions will be allowed to reopen more of their service locations, beginning June 02.

According to a statement by the regulator, insurance companies, brokers, fund managers, and similar businesses will re-open to accommodate essential customer transactions. These include opening accounts, updating account information, dealing with insurance policy enquiries, and processing claims and applications for relief measures. Money changing services will also resume.

The move is in line with the Ministry of Health’s three-phased approach to resume business operations.

From June 02 onward, financial companies will be allowed to hold in-person

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