Enlarge / Sen. Ted Cruz (R-Tex.) speaks during a rally to launch his re-election campaign at the Redneck Country Club on April 2, 2018 in Stafford, Texas. (credit: Erich Schlegel/Getty Images) On Friday, Sen. Ted Cruz (R-Tex.) spent the morning at Houston’s Johnson Space Center for a ceremony announcing the nine astronauts who will fly […]
SINCE 1975, when the first retail investment fund that aimed simply to mimic a stockmarket index was launched by Vanguard, such “passive” funds have squeezed margins and profits right across the asset-management industry. On August 1st that trend reached its logical endpoint with the launch of two zero-cost tracker funds by Fidelity, a Boston-based firm […]
“QUANT” (quantitative) hedge funds, which craft elaborate algorithms to make trading decisions, rely on access to information. That used to mean market data, such as prices and trading volume. But some now seek an edge in novel sources. An industry has sprung up to serve them with, and help them analyse, “alternative” data, such as […]
Two of the largest technology-focused private-equity firms are competing to raise money for what would be their biggest funds, ratcheting up an already heated race for buyouts in the industry.
Wade Wilson is not a fan of cancer. So it’s no surprise that Deadpool has partnered with Omaze in a fundraising campaign to fight the disease. The Merc with a Mouth released a Deadpool Omaze campaign video to raise funds for an initiative appropriately titled “F–k Cancer.” Donning a super-pink suit in place of his […]
‘Into the dark’: With just months to go before legalization, federal government funds marijuana research
With the legalization of recreational cannabis use just months away, the federal government is “stepping a little into the dark,” according to the scientist who helped create pot use guidelines for Canada.
The Liberal budget pledges $ 19-million to enhance local community support for youth at risk and culturally adapting mental health programs for the black community. Community activists and academics say help is long overdue.
IS THERE hope for fund managers after all? Conventional “active” managers, who try to pick stocks that will beat the market, have been losing ground to “passive” funds, which simply own all assets in a given sector in proportion to their market value. The main advantage of the latter group is that they charge a […]
Malaysia is giving away $1.6 billion in free money to its citizens, and rejects claims it is using the funds to influence some voters
ISHARA S. KODIKARA/AFP/Getty Images Malaysia’s government is rolling out $ 1.6 billion of cash giveaways this week. The 1Malaysia People’s Aid is supposed to be an aid package to help 7 million residents around the country, but the opposition claimed the purpose was to buy votes. Prime Minister Datuk Seri Najib Razak rejected those claims, saying […]
REUTERS/Kai Pfaffenbach Hedge funds are expected to pull in $ 41 billion in fresh assets this year, according to a survey by Deutsche Bank. That’s a drop in the bucket for the $ 3.2 trillion industry, but it’s striking because hedge funds for years have not met their clients’ return targets. Event-driven, fundamental equity long-short […]