Austin Russell, the 25-year-old founder and chief executive officer of Luminar Technologies Inc., is set to become one of the youngest self-made billionaires. Q3 2020 hedge fund letters, conferences and more Russell will hold 104.7 million shares of Luminar after it goes public, a roughly 35% stake that’s worth about $1.1...
The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression. Q3 2020 hedge fund letters, conferences and more Investors and lawmakers enamored with cheap money may well balk when monetary authorities try...
The investor’s chief problem – and even his worst enemy – is likely to be himself. - Benjamin Graham Q3 2020 hedge fund letters, conferences and more If beating the market was as easy as becoming a top tennis player, there would be a lot more Serena Williams and Roger Federers....
Financial advisors routinely adhere to the discipline of rebalancing portfolios, so much so that they invest tens of thousands of dollars in software to automate the process. That adherence has been regularly reinforced by financial writers. I show why this conventional wisdom is wrong and rebalancing may be as...
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q3 2020 hedge fund letters, conferences and more If you have ever driven on California’s Pacific Coast Highway (PCH), you understand risk. For those who haven’t made the drive, you are missing out on...
Bridgewater Associates founder Ray Dalio is giving $50 million to New York-Presbyterian Hospital to fund a center dedicated to health equity and justice, at a time when the Covid pandemic has underlined the stark racial disparities in the U.S. Q3 2020 hedge fund letters, conferences and more The Dalio Center for...
Wells Fargo & Co. profit slumped 56% as Chief Executive Officer Charlie Scharf took charges to address old scandals and begin his job-cutting push. Q3 2020 hedge fund letters, conferences and more PIRO4D / Pixabay The bank posted a surprise increase in third-quarter expenses as it set aside almost $1 billion for...
These are trying times for investors who want safe assets. Vanguard had to temporarily close its Treasury money market fund as a result of record inflows. With Treasury Bills yielding about 10 basis points and CDs not yielding that much more, investors seeking yield and low risk are effectively...
Advisor Perspectives welcomes guest contributions. The views presented here do not necessarily represent those of Advisor Perspectives. Q3 2020 hedge fund letters, conferences and more Record flows to ESG funds means that advisors will have access to better tools to analyze product effectiveness and will be able to construct customized solutions...
Things were looking pretty bleak back in March for bond exchange-traded funds. The Covid-19 selloff created a liquidity crunch that drove their prices to trade at deep discounts to the value of the underlying assets. Skeptics questioned whether these products could ever be trusted again. Q3 2020 hedge fund letters,...
Wall Street players that are offering exchange-traded funds for the first time may force a new wave of cost cutting in the industry. Q3 2020 hedge fund letters, conferences and more Existing issuers have been slashing expense ratios in recent years, vying for assets among more than 2,200 products available. Yet...
Every four years, Wall Street pundits butt heads on how to trade the biggest political risk on the planet. Q3 2020 hedge fund letters, conferences and more This time around, there’s more consensus than usual over the likely winner -- Joe Biden. After that, there’s plenty of disagreement on strategies to...
Every January, I start keeping track of the predictions for the upcoming year I hear in the financial media and from advisors and investors. With the arrival of the fourth quarter, it’s time for my third review of how those forecasts played out. Q3 2020 hedge fund letters, conferences and...
Apple Inc. is set to embrace 5G as one of its most significant additions to this year’s iPhones, but the technology is still not ready for the masses in the U.S. Q3 2020 hedge fund letters, conferences and more That’s because the country’s three largest wireless carriers, Verizon Communications Inc., AT&T...
As U.S. stocks rallied Wednesday, one area of the market deemed sensitive to Joe Biden’s election chances absolutely took off. Q3 2020 hedge fund letters, conferences and more Shares of renewable-energy companies expected to benefit from Biden’s energy policy plans surged, continuing a trend of outperforming the broader market as the...
The CFA Institute canceled its December exams in 37 locations around the world due to limitations related to the coronavirus pandemic. Q2 2020 hedge fund letters, conferences and more December dates for the chartered financial analyst exam have been scrubbed in 13 U.S. cities, including New York, San Francisco and Chicago,...
A famous Wall Street bear-turned-bull is urging clients to double down on V-shaped economic bets, even as talks on fresh stimulus collapse. Q2 2020 hedge fund letters, conferences and more Spurred by conviction on reflation, Andrew Sheets is bullish on small-cap stocks and recommends selling defensive trades from technology firms to...
Morgan Stanley might have officially announced on Thursday that it was acquiring Eaton Vance Corp. for about $7 billion, but for those who have been listening to Chief Executive Officer James Gorman, it was never truly a matter of whether the white-shoe Wall Street bank would make such a...
Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago. Q2 2020 hedge fund letters, conferences and more California-based Chevron had a market capitalization of...
Mexican pension funds are funneling money toward a new socially responsible ETF and demanding local companies offer more data on how they are handling environmental, social and governance issues. Q2 2020 hedge fund letters, conferences and more BlackRock Inc.’s iShares ESG MSCI Mexico ETF has seen more than $460 million in...
“America’s present need,” the candidate declared, “is not heroics, but healing; not nostrums, but normalcy … My best judgment of America’s need is to steady down, to get squarely on our feet, to make sure of the right path. Let’s get out of the fevered delirium.” Q2 2020 hedge fund...
Amy Falls had a great year -- and that’s making her nervous. Q2 2020 hedge fund letters, conferences and more pasja1000 / Pixabay Falls, chief investment officer at Rockefeller University’s $2.3 billion endowment, and her team posted an almost 11% gain in the fiscal year ending June 30, topping larger elite schools...
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