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Finance & Markets

Implats hikes dividend as profit soars on platinum price rally

Headline earnings jumped more than 30-fold to R22.9bn as stronger platinum-group metal prices transformed cash generation and shareholder returns.

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[Closing Market] KOSPI Edges Up As Retail Investors Hold Market

On Sept. 3, the domestic financial market closed in a pausing pattern after showing a mixed trend in which global negative factors and low-end buying following the previous day’s plunge were tightly…

  • KOSPI index rose 0.29% to 6,582.06 points on September 3
  • Won-dollar exchange rate fell to 1359.3 won, impacted by global currency intervention concerns

UVA benefited from Situational Awareness gains before July hedge fund rout

TOP STORY: The University of Virginia’s investment portfolio benefited from an early investment in AI-focused hedge fund Situational Awareness, helping the university’s long-term investments deliver a…

  • University of Virginia's UVIMCO delivered 27% return in 12 months ending June 30th
  • Situational Awareness, AI-focused hedge fund, contributed to UVIMCO's gains
  • Situational Awareness experienced sharp reversal leading to liquidation

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