News Stocks 

After epic run, the tech ‘FAANG’ trade is no longer Wall Street’s favorite

“Bank of America Merrill Lynch also released it survey of fund managers on Tuesday” writes unknown author for cnbc.com. But now, the dollar has become fund managers’ number one trade.Shares of technology giants have fallen out of favor with fund managers, replaced by bets on the U.S. dollar as the most crowded trade.Amazon shares also have fallen since the company reached a $1 trillion valuation earlier this year.Over the past three months, Apple shares have plunged more than 20 percent, while Facebook shares have fallen 13 percent. Source: cnbc.com Share This:

Read More
Markets News Stocks 

A fund that’s crushing 99% of its peers this year reveals why it’s betting big on legal cannabis — and the single stock driving its outperformance

“Canada was the first G7 country to legalize nationwide sales, giving Tilray the opportunity to establish a leadership position in its market, Dennison said” writes Akin Oyedele for businessinsider.com. No stock was more instrumental in boosting the Genea Fund’s returns than Tilray, the Canadian medical-cannabis producer that became the poster child of Wall Street’s sudden interest in legal marijuana.”We believe that every market that eventually moves towards legal adult use will start in the medical realm,” he said. Source: businessinsider.com Share This:

Read More
News 

Could counterfeit goods fund terrorism if border control becomes lax?

“In a secret postal depot in Slough, Suvinder Kaur watches a steady trundle of parcels as they roll through an X-ray machine, and smiles with quiet satisfaction” writes Ashley Armstrong for telegraph.co.uk. Seizing them off the conveyor belt, she rips one open to reveal a shoddy imitation Louis Vuitton bag with a Cartier watch stuffed inside. “Now why would you send something like this in the post if they weren’t fake?” Kaur says, tossing them aside. A table nearby groans under the weight of a pile of fake Ray-Ban sunglasses,…

Read More
GBP News 

Brexit briefing: Theresa May expresses confidence she’ll be able to amend EU deal

“On Dec. 10, May confirmed she would be canceling a landmark parliamentary vote on her Brexit deal, originally scheduled for Dec. 11, amid widespread opposition to its central tenets” writes Lucy Mcnulty for marketwatch.com. Today in Brexit news, this is what’s been discovered: The U.K. prime minister believes she will be able to secure the “further clarifications” to her Brexit deal that she needs to win the approval of British lawmakers.Her optimism jarred with a briefing given by European Commission President Jean-Claude Juncker Thursday night, in which he dismissed May’s…

Read More
News 

Trump inaugural fund and super PAC said to be scrutinized for illegal foreign donations

“The inquiry into potential foreign donations to the inaugural fund and the super PAC is yet another front being pursued by multiple teams of prosecutors” writes Sharon Lafraniere for seattletimes.com. The inaugural committee focus was reported earlier Thursday by The Wall Street Journal.Investigators have asked witnesses whether any foreigners also contributed illegally to the inaugural committee.The inquiry into the inaugural fund appears to involve prosecutors from U.S. attorney’s offices in Manhattan and Brooklyn, people familiar with the investigation said.WASHINGTON — Federal prosecutors are examining whether foreigners illegally funneled donations to…

Read More
News 

Clint Carlson’s hedge fund loses its chief risk officer in the latest senior staff departure to rock the firm

“Clint Carlson’s Dallas-based hedge fund is losing another senior member of its team” writes Bradley Saacks for businessinsider.com. The hardest hit fund in 2017, the Black Diamond Thematic fund, has returned 3.41% through November after losing 22.1% last year.The $8.5 billion hedge fund manager’s performance is up this year.Performance in the firm’s two flagship multistrategy funds, Double Black Diamond and Black Diamond, have returned 2.73% and 2.28% through the end of November, respectively, a source close to the firm told Business Insider. The three main funds at Carlson have outperformed…

Read More
Crypto News 

US Congressman Offers to Fund Mexican Border Wall Using Blockchain, ‘Wall Coins’

“Ohio Republican Congressman Warren Davidson suggested raising money to build a wall on the border with Mexico using blockchain, in an interview on NPR Dec. 12” writes Ana Berman for cointelegraph.com. Clarifying how he saw a wall donation program working, Davidson invoked blockchain and “wall coins,” telling reporters Wednesday: “You could do it with a sort of, like, crowdfunding site.Or you could even do a blockchain, and you could have wall coins. Source: cointelegraph.com Share This:

Read More
News 

Facing big loss, Swiss asset manager GAM cuts staff, dividend 

“The group revised its dividend policy for 2019 and beyond to target a minimum payout of half of underlying net profits” writes Didier Marti for cnbc.com. Swiss asset manager GAM Holding AG will cut staff by a tenth and omit a 2018 dividend, it said on Thursday, forecasting a 2018 net loss of around 925 million Swiss francs ($931 million) as it shakes up its embattled business.GAM assets had suffered a 17.7 billion franc hit in the third quarter due to slumping markets. Source: cnbc.com Share This:

Read More
News 

3 ways you can make your views heard on shareholder issues

“The best, and potentially most successful, way to address environmental, social and corporate governance (ESG) issues is through shareholder engagement” writes Meredith Jones for marketwatch.com. Investigate the shareholder voting policies of your mutual funds and ETFs.To discover the shareholder engagement policies of your favorite mutual fund or ETF, you often need look no further than the closest internet browser.While historically not wildly successful, recent research by The Conference Board and Rutgers Center for Corporate Law and Governance suggests that ESG shareholder initiatives may be gaining in popularity. Source: marketwatch.com Share This:

Read More