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HEDGE-FUND managers may be feeling quietly smug about their performance in 2017. They returned 6.5% on average, according to Hedge Fund Research, a data provider, their best year since 2013. But those returns do not really suggest that they are masters of the investing universe. The S&P 500 index, America’s main equity benchmark, returned 21.8%, […]
EXCLUSIVE: MyVR today announced that it has raised $ 6.1 million to expand its multichannel property management platform. The company is focused on serving Airbnb hosts and property managers who handle up to roughly 20 properties. MyVR’s software places listings on popular sites like Booking.com, Airbnb, and Home Away. The new funds will be used […]
Strelka Institute for Media, Architecture and Design/flickr One major mistake managers often make is forgetting to explain to their teams why they made a certain decision. By explaining decisions, employees better understand top priorities. It also helps them make better decisions themselves. When they’re informed about the larger picture, they feel more engaged and are more motivated to […]
Quinn Rooney / Getty Images A millennial startup CEO says managing fellow millennials comes down to letting them take on more than they can handle — and fail. If millennials don’t feel like they’re being pushed, they’ll get frustrated and may potentially quit. This management philosophy reflects Silicon Valley’s seeming obsession with failure as a path […]
Jose Mourinho, 54, has been the manager of Manchester United since May 2016. He signed a three-year contract with the club after leaving Chelsea FC in December 2015, four months into a four year contract. The Portuguese football manager has a long involvement with the sport, having played himself before retiring and becoming a manager. […]
Thomson Reuters In the late 1700s, it was the start of the battle of stock exchanges: in 1773, the London Stock Exchange was formed, and the New York Stock Exchange was formed just 19 years later. And while London was a preferred destination for international finance at the time, England also had laws that restricted […]
(credit: Matt Hintsa) Today, US Energy Secretary Rick Perry directed the nation’s federal grid regulator to create rules favoring coal, hydroelectric, and nuclear generators. The Notice of Proposed Rulemaking (NOPR) (PDF) stated that the Federal Energy Regulatory Council (FERC) must order grid operators to increase how they value “reliability and resilience attributes” in energy generation. Although no specific […]
Published time: 25 Aug, 2017 14:31 Two former managers at the French bank Societe Generale have been accused of participating in a scheme to manipulate the global US dollar Libor benchmark interest rate. Read more According to the US Justice Department, Danielle Sindzingre and Muriel Bescond allegedly used their positions at the bank’s offices in […]
Bank of America-Merrill Lynch (BAML) released its latest Global Fund Manager Survey earlier this week, capturing the views of hundreds of money managers on the current state of financial markets. It always provides a few talking points, and is often seen a contrarian indicator as to what will happen next. Here’s a few of the […]
For all the turbulence in the financial services industry over the past decade — Lehman Brothers filed for bankruptcy a little under nine years ago — not much has changed in the aftermath of the crisis. OK, a bunch of bankers lost their jobs (and a lot of money), new regulations forced substantial changes in […]
