NASA doesn’t have the funds to get to Mars alone, Ted Cruz says

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 […]

A milestone is reached with the first zero-cost tracker funds

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 […]

Hedge funds worry about the legal risks of using “alternative” data

“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 […]

Deadpool Wears Pink to Raise Funds for ‘F–k Cancer’ Initiative

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 […]

Passive funds tracking an index lose out when its make-up changes

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 […]

Hedge funds are pulling in billions — here are the hottest strategies

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 […]