News 

The entire Republican Party is becoming a Russian asset

“The truth is that the entire GOP is well on its way to becoming a Russian asset” writes Paul Waldman for washingtonpost.com. First he performed a pathetic ritual of subservience before Vladimir Putin, standing beside the Russian leader — after a private meeting between the two, which no aides were permitted to attend — and dismissing the copious evidence of a Russian attack on the 2016 election in deference to Putin’s word. Source: washingtonpost.com Share This:

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Investment returns vary a lot across state and local pension plans

“The Center for Retirement Research at Boston College just released a study that explores whether the source of variation in returns for state and local pension funds is due to asset allocation or returns by asset class” writes Alicia H for marketwatch.com. The short answer is returns by asset class, primarily because public plans tend to have fairly similar asset allocations.To get a sense of the relative roles of asset allocation and asset class returns, it is helpful to look at how each varied across the plan groups.For plans in…

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Markets News 

JPMorgan’s Erdoes warns of market volatility underpinned by monetary policy, geopolitics

“Mary Callahan Erdoes, CEO of J.P. Morgan’s asset & wealth management unit, and one of the more prominent women on Wall Street, warned that financial advisers were standing in front of “a lot of never haves” in terms of macroeconomic conditions, citing the degree of quantitative easing and globalization, as well as the fact that there hasn’t been a trade war in a half century” writes Anneken Tappe for marketwatch.com. She also warned that a tapering or ending asset purchases by the European Central Bank could introduce a funding short-fall…

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Crypto News 

Bitcoin Price Moves Up After Blackrock Vote Of Confidence For Blockchain

“According to Financial News, the company has set up a team from different parts of its business to investigate cryptocurrencies” writes Rakesh Sharma for investopedia.com. The world’s biggest asset manager, Blackrock Inc. (BLK) may be getting into cryptocurrencies and its underlying technology, blockchain.Blackrock is also on record as having said that it was “monitoring” cryptocurrencies and blockchain. (See also: Blackrock Keeping Cryptocurrencies On Its Radar).An endorsement or move by the firm to either invest in cryptocurrencies or utilize blockchain technology could result in significant mainstream traction for both.Blackrock’s chief executive officer, Larry Fink, said…

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Markets News Stocks 

The trade war may ultimately be good news for Chinese stocks, asset manager says

“Amid trade tensions, Chinese mainland stocks are down almost 30 percent since their peak in January” writes unknown author for cnbc.com. Bank and property shares are also potential steals, the note added. “We like home appliances, education, pharma and beverages sectors which are not directly influenced by the risk of an escalating trade war. Source: cnbc.com Share This:

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Fortnite creator Epic gives Unreal asset creators a raise and backpay

“Those numbers should all continue to grow, and now asset creators will get even more money out of it” writes Jeff Grubb for venturebeat.com. Epic plans to pay its Marketplace creators the 88 percent rate retroactively on all sales since the asset store opened in 2014.This could put even more pressure on competing engines like Unity, which has its own asset store.Well, publisher Epic Games is disrupting that last fundamental truth with its Unreal Engine Marketplace, as it’s planning to only take a 12 percent cut of any assets sold…

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There are only 4 stories written about fund managers

“I even heard one story where they went through a famous hedge fund manager’s trash” writes A Wealth Of for businessinsider.com. Fund failures seem to occur on a regular basis, especially in the hedge fund community (which is strange because these failed funds were obviously not hedging anything).This week brought us another round of the can’t-figure-out-what’s-wrong story starring hedge fund manager David Einhorn.So no one really mentions it when handicapping his hedge fund.There are really only four different stories that are written about fund managers: John Paulson was the huge…

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