The barbarians are at the gate of Wall Street. But rather than a mob with pitchforks and torches, these barbarians come armed with laptops and machine learning algorithms. Where will the Silicon Valley crowd attack first? The asset management business is the low hanging fruit, says a Moody’s report titled “The second wave of disruption will be digital.” Amazon, Apple, and Google are already attacking traditional asset managers.
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
AT&T Inc. (NYSE:T) is buying Leap Wireless International, Inc. (NASDAQ:LEAP) for $1.2 billion. Citigroup was the first firm out with a report on the late Friday afternoon news. They believe that... Read More
William R Katz, Neil Stratton and Steven J Fullerton of Citigroup Inc. (NYSE:C) continue to see further evidence that Alternatives are diversifying their businesses, deploying dry powder despite upward moves in rates &... Read More
This is part five of a five-part interview with John (Jack) E. Leslie III, CFA Portfolio Manager for the Miller/Howard Income-Equity Fund. The interview is part of ValueWalk’s Value Fund... Read More
Granite Real Estate Investment Trust has made progress in transforming its operations over the past year, but there's still more to be done, that's according to Stephen Loukas of FrontFour... Read More
Earlier this year, hedge fund consultant Don Steinbrugge was recommending that his clients get ready for volatility and had adjusted his stable of hedge funds his firm represents. Now... Read More
Senator Ron Wyden (D, OR) asked representatives from the Consumer Financial Protection Bureau (CFPB) what could be done to stop installment loan practices that he says are no better... Read More
Greece's future in the euro continues to look grim after the country has failed to create a new government bank withdrawals are on the rise.
On Monday, depositors took out... Read More
While banks break out their earnings for mortgages, they don’t necessarily go into enough detail to satisfy analysts trying to make side-by-side comparisons. To get a better understanding of... Read More
Over 100 hedge funds have been given permission to sue Anadarko Petroleum Corporation (NYSE:APC), a BP partner for its role in the 2010 Deepwater Horizon oil spill.
According to Reuters... Read More