The quarter has been stellar, with the Nasdaq COMP, +0.74% in particular on fire, but the Russell 2000 RUT, +0.40% hasn’t been far behind. Russell 2000 — a contender. Our call of the day from Mary Lisanti, president of Lisanti Capital Growth and manager of the Lisanti Small Cap GrowthRead More →
© Reuters. BOSTON (Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and dumped Warren Buffett’s Berkshire Hathaway among otherRead More →
The founder of investment firm Wilshire Phoenix, William Herrmann, said his firm’s recently filed U.S. Bitcoin fund notably differs from anything else currently on the U.S. market, based on its Bitcoin price sourcing and involved third parties. In an email exchange with Cointelegraph, Herrmann didn’t mention Grayscale’s Bitcoin Trust byRead More →
Alternative investment firm Wilshire Phoenix has filed an S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC, for a publicly traded Bitcoin Fund in line with regulation. The registration reads: “The Shares will provide investors with exposure to bitcoin in a manner that is accessible and cost-efficientRead More →
Investors usually must contend with a trade-off between income and growth. Not so with the Reaves Utility Income fund, which has a 6.48% dividend yield and performance that has beaten the S&P 500 Index US:SPX over the past 10 and 15 years. That’s unusual, given that the benchmark index isRead More →
Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS). The pilot has seen Vanguard partner with a large U.S.-based ABS provider, distributed ledger technology provider Symbiont, and financial institutions BNY Mellon andRead More →
© Reuters. BOSTON (Reuters) – Bow Street LLC is close to having eight directors elected to the board of Mack-Cali Realty Corp (N:), which would give the hedge fund control of the real estate investment trust’s board, sources familiar with the matter said on Tuesday. All votes have not beenRead More →
If you’re an investor who doesn’t want to miss out on the next big trend, you had better pay attention to what’s going on in space. When people think about the space business, they may be excited that on Saturday the U.S. finally regained the ability to send people intoRead More →
Dear Moneyist, My parents, who are now deceased, had a living trust with a provision for creation of a new trust that would allow my brother and I to share the income from that trust during our lifetimes. When we both die, the principal from that trust is to beRead More →
© Reuters. Opioid distributors propose $1 billion legal fee fund – Bloomberg (Reuters) – McKesson Corp (N:), Cardinal Health Inc (N:) and AmerisourceBergen Corp (N:) have proposed paying more than $1 billion in legal fees for states, cities and counties suing over the companies’ handling of opioids, Bloomberg reported onRead More →
© Reuters. Apple Warning Boosts Trade in Chip-Heavy Fund to Two-Year High (Bloomberg) — Apple Inc (NASDAQ:).’s sales warning sent chipmakers tumbling on while spurring a surge in turnover for the industry’s exchange-traded funds. More than 54,000 shares worth about $14 million of the iShares PHLX Semiconductor ETF, or SOXX,Read More →
The Eaton Vance Tax-Managed Buy-Write Opportunities Fund (NYSE:ETV), with $1.04 billion in total assets, is an equity closed-end fund with an options-based strategy intended to generate income and reduce risk while managing tax implications. ETV currently yields 8.9% distributed on a monthly schedule, with a large component being a returnRead More →
The Stone Harbor Emerging Markets Income Fund (NYSE:EDF) is a closed-end fund that invests in fixed income securities of emerging markets including sovereign debt, corporate bonds, and related derivatives. The fund currently has $147 million in total assets and seeks to maximize total returns with a high level of income.Read More →
‘Get out of trash. There’s still a lot of money in cash.’ Ray Dalio If there are investors who believe cash is king amid this market bull run, they ought to think again, suggests Ray Dalio. The billionaire founder of the hedge fund Bridgewater Associates said during a CNBC interviewRead More →
Chemist’s “Quality” Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500-plus closed-end funds for further due diligence and investigation. Based on feedback from members, it seems that a very many number of investors, understandably, place a great emphasis on coverage and returnRead More →
© Reuters. Baring Private Equity closes Asia buyout fund at $6.5 billion HONG KONG (Reuters) – Hong Kong-based Baring Private Equity Asia closed its seventh private equity fund at $6.5 billion, its largest to date, the firm said Tuesday. The fund size exceeded Baring’s initial target by $1 billion andRead More →
In times of continuous new record highs of the general U.S. equity indexes, it might be a wise thing to look into other asset classes as well. This time we will focus on Goldman Sachs MLP and Energy Renaissance Fund (GER) which was incepted in September 2014. It is oneRead More →
The U.S. stock market seems risky now because valuations are rich, as sentiment marches higher. But there’s a fix for that: load up on disliked, cheap value stocks. By many measures, value stocks are lagging growth stocks by almost as much as they ever have in the past several decades. UsuallyRead More →
Despite the volatility in the oil trade, the United States Brent Oil Fund (BNO) has delivered a strong 19% return over the last year. This trade has seen its ups and downs, but over the last few months, we have witnessed a consistent and strong rally in the commodity. ItRead More →
One of the most popular vehicles for income investors is closed-end funds. These funds are so popular, in fact, that there have been several funds set up for the sole purpose of generating an income for their investors. One of the best-performing of these recently is the DNP Select IncomeRead More →
This article was originally published on December 17th, 2019. Most U.S. investors don’t hold nearly enough exposure to international securities. This is where a fund like Voya Global Advantage and Premium Opportunity Fund (IGA) can come in to increase such exposure. Even better, the fund is trading at a steepRead More →
Principal Real Estate Inc Fund (NYSE:PGZ), with $155 million in net assets under management, is a closed-end fund with an investment focus on real estate securities through a combination of equities and U.S. commercial mortgage-backed debt securities. The fund utilizes leverage to provide a high current income, with capital appreciationRead More →
By Svea Herbst-Bayliss BOSTON (Reuters) – Andrew Left, who has long targeted companies that he thinks are over-valued through his work at Citron Research, told investors on Monday that his new hedge fund returned 43% after fees in 2019, its first year in business. Left also made a prediction thatRead More →
Gold’s haven appeal amid mounting U.S.-Iran tensions and uncertainty in the Middle East could turn sour following the precious metal’s recent price rally to near seven year highs. “The geopolitical instability is adding fuel to the fire,” said Maria Smirnova, senior portfolio manager at Sprott Asset Management, following a sharpRead More →
COPENHAGEN (Reuters) – Hedge fund Marshall Wace is betting on Danske Bank (CO:) shares falling after taking a short position in the Danish lender of 0.5% of issued shares, the Danish FSA said on Friday. The hedge fund, co-founded by British financier Paul Marshall, is the first to take aRead More →
