After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of September 30th. The results of that effort will be put on display in this article, as […] …read more […]
We are still in an overall bull market and many stocks that smart money investors were piling into surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Hedge funds’ top 3 stock picks returned 39.1% this year and beat the S&P […] …read more […]
Oil eased on Wednesday following an industry report showing a surprise build in U.S. crude stockpiles, but hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices.
(Bloomberg) — It’s been the one bright spot for banks and money managers in these dark times of sluggish growth, a $30 trillion treasure trove that has remained largely unregulated. That’s about to change.Officials in Brussels are trying to advance some of the most ambitious ideas how to police the market for green investments, one of the fastest growing areas in finance. With federal watchdogs in the U.S. mostly absent from the debate, the European Union efforts could end up as benchmarks for green finance around the world.“The EU does believe it is a global leader here and that it’s …read more […]
The CEO and chairman of Australia’s Westpac Banking Corp are out after financial crime watchdog AUSTRAC accused the bank of 23 million breaches of anti-money laundering laws, including payments related to child exploitation.
Russell Clark is dubbed as the “world’s most bearish hedge fund manager” because he is not only shorting the market, he is using leverage and shorting the market at the same time. Russell Clark’s Horseman Capital returned 7.5% in 2018 when the S&P 500 Index lost nearly 5%. We shared his December 2018 investor letter (you […] …read more […]
Asian shares rose on Wednesday as upbeat signals from Sino-U.S. trade talks fanned hopes of an easing of tariff hostilities, while expectations the Federal Reserve will keep interest rates low supported sentiment.
Indian stocks are set to rise further over the coming year, according to a Reuters poll of equity strategists, but those gains will be limited as fiscal stimulus and easy monetary policy fail to reverse an economic slowdown. “The slew of measures announced by the government in recent months and the Reserve Bank of India reducing rates should result in only a very gradual recovery in demand over the next 12 months,” said Sher Mehta, director at Virtuoso Economics. When asked what would most likely drive Indian stocks over the next 12 months, a significant minority of respondents …read more […]
Australia’s Westpac Banking Corp came under mounting pressure on Wednesday to refresh it board after a money-laundering scandal claimed its chief executive and chairman.
A federal judge on Tuesday partially overturned the convictions of Insys Therapeutics Inc’s founder and three former executives accused of bribing doctors to prescribe an addictive opioid, but declined to disturb the remainder of the jury’s verdict.
Oil fell on Wednesday after an industry report showed an unexpected build in U.S. crude inventories, but optimism around the signing of the first phase of a U.S.-China trade deal capped a deeper slide in prices.
Asian shares ticked higher on Wednesday as more upbeat signals from Sino-U.S. trade talks fanned hopes of an imminent end to tariff hostilities, which helped offset concerns about a slowing U.S. economy.
The owner of English Premier League champions Manchester City is selling a $500 million stake to private equity firm Silver Lake, valuing the soccer club’s owner at $4.8 billion, the Financial Times reported on Wednesday, citing people with knowledge of the deal.
HP Inc on Tuesday posted quarterly earnings above analysts’ estimates as higher sales of personal computers and workstations helped counter weakness in its printer business.
(Bloomberg) — Rio Tinto Group lifted its spending on new iron ore projects in Australia to more than $4 billion with the approval of a replacement mine at a key hub, providing a further sign of the industry’s confidence in demand led by China.London-based Rio will invest $749 million to bring the Western Turner Syncline Phase 2 project into production from 2021, according to a statement Wednesday. It will help extend the life of operations around the Tom Price mine, which began exporting in 1966.While the new project is aimed only at replacing output that’ll be lost from aging pits, …read more […]
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