Crypto News 

Iconiq to Launch a Series of Asset Index Funds Including Crypto

“The newly established asset management arm of Iconiq Holding, Iconiq Funds, announced on Friday that it is launching a series of asset index funds” reports financemagnates.com. ICNQ tokens can now be redeemed in our ecosystem for products and services provided by Iconiq Holding companies, including by our digital asset index funds to pay asset management fees to the fund manager, Iconiq Funds.The CEO OF Iconiq Holding, Patrick Lowry, added: “We have successfully positioned the ICNQ token as the token for digital asset management.Commending on the future launch of the index…

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News Stocks 

U.S. value stocks capitalize on ‘FANG’ stumbles, with room to run

“Value stocks are even more attractive on a relative basis, fund managers said” writes Midwest Communications Inc for 95kqds.com. Value stocks, however, tend to outperform growth over the long term, prompting many to wonder how long the current rout can last.Mutual fund managers who adhere to a value strategy said they were cautiously hopeful that a rotation was in its early stages.More than twice as many value funds have closed than have launched during that period, Lipper said.NEW YORK (Reuters) – The summer roller-coaster in two of the four big-cap…

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Markets News Stocks 

Investors flee risk as bear markets multiply: BAML

“U.S. equity funds saw outflows of $2.6 billion, a turnaround from the previous week when U.S. funds were leading in terms of inflows” reports businessinsider.com. Bear markets were multiplying with European banks, European autos and copper in that category.BAML strategists also noted more than half the stocks in MSCI’s world index (1,254 out of 2,273) are in bear territory.Global equities suffered $3.6 billion of outflows while bonds saw $2.3 billion inflows as investors moved out of riskier assets, the BAML strategists said, citing data from EPFR, a fund flows data…

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Crypto Markets News 

Despite the Bear Market: Reality Shares Set…

“Now, the company behind one of the first blockchain exchange-traded funds (ETFs) is set to launch a $100 million cryptocurrency hedge fund” writes Joshua Morris for livebitcoinnews.com. Reality Shares – an asset managing company which is mostly known for being the owner of one of the first blockchain ETFs is reportedly set to launch a $100 million cryptocurrency hedge fund.Despite the bear market that has taken control of 2018 ever since January, specialized cryptocurrency hedge funds are being launched at a record pace.What do you think of the increased interest…

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News Stocks 

Here are the stocks the top-performing hedge funds are buying — including Tempur Sealy

“The top-performing hedge funds added positions in Sarepta Therapeutics and Tempur Sealy in the June quarter” writes Gordon Chibrosk for cnbc.com. Boldface names like David Tepper and Dan Loeb get much of the attention, but lower-profile hedge fund managers are performing even better and beating the market.With the recently released June quarter filing data, Symmetric.io graded the stock-picking ability of nearly 1,000 hedge funds in its database with a proprietary indicator called StockAlpha.Some investors focus on the stocks in which funds are taking new positions because it may mean the…

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Markets News Stocks 

Chinese investors are putting their money in a lot of places — rarely stocks

“But the future development of the Chinese asset management industry still depends on government regulation” writes Evelyn Cheng for cnbc.com. And as Chinese investors grow more sophisticated, local financial services are focused more on developing fixed income and private equity products.On the mass market level, mobile-based money market funds dominate.Stocks still rank low on the popularity list for Chinese investors, while private funds are playing a larger role in the country’s asset management market — which many predict will soon become the world’s second largest.The category accounts for 60 percent…

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Crypto News 

Vague Cryptocurrency Tax Laws Cause Problems…

“Between 2017 and 2018, the number of cryptocurrency hedge funds has increased considerably” writes Nick Omo for livebitcoinnews.com. In fact, it is estimated that more than 100 crypto hedge funds will be launched in 2018 alone.Hedge funds engaged in the cryptocurrency market are having a difficult time evaluating their tax burden.In recent times, cryptocurrency investment has ceased to be the exclusive preserve of retail investors as hedge funds have started leaping into the market.According to Walli: The question presently on the minds of many hedge funds is undoubtedly their level…

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Markets News 

Top Mutual Fund Holders of Roku Inc.

“The Vanguard Small-Cap Index Fund is a low-cost index fund that specializes in providing broad exposure to the small-capitalization U.S. equity market” writes Jacob Berstein for investopedia.com. The Vanguard Small-Cap Index Fund holds 0.72% of Roku, 727,829 shares amounting to 0.03% of the fund’s total assets. FAGOX holds 675,140 shares in Roku, 0.66% of the company, amounting to 0.87% of the fund’s total assets.The Vanguard Total Stock Market Index Fund (VTSMX) is one of the largest mutual funds in the industry, with over $701.2 billion in assets under its management.As of…

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News 

A small New Mexico health insurer is suing the Trump administration for restarting an Obamacare payment program that will require it to pay out millions of dollars to larger, more established insurers.

“The funds will then be distributed to larger health insurers Blue Cross and Blue Shield of New Mexico and Molina Healthcare” reports washingtonexaminer.com. NMHC had to raise premiums to make up for all of the funds it had to pay out under the risk adjustment program.A small New Mexico health insurer is suing the Trump administration for restarting an Obamacare payment program that will require it to pay out millions of dollars to larger, more established insurers. NMHC had been supportive of the suspension and objected to the Trump administration…

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