Crypto News 

Former IBM, Google Russia Exec Joins Blockchain Firm Credits as CBO

“Former Google Russia chief technology officer Jennifer Trelewicz has joined blockchain platform Credits (CS) as its new chief business officer (CBO)” writes Adrian Zmudzinski for cointelegraph.com. As Cointelegraph reported on Oct. 2, blockchain and cryptocurrency investment firm Multicoin Capital hired a former Google product manager as one of its new investment principals.According to an official announcement published on Oct. 11, Trelewicz’s first experience working with blockchain was during her time as the CEO of Russian technology startup S7 TechLab.In the past, she also worked as the director of IBM’s systems…

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News 

‘I’m not buying anything,’ says Tron CEO Amid Reports of Poloniex Acquisition

“Tron (TRX) founder and CEO Justin Sun has possibly refuted recent reports suggesting that he is leading an investment group behind the acquisition of cryptocurrency exchange Poloniex” writes Adrian Zmudzinski for cointelegraph.com. On Oct. 18, industry news outlet The Block has also reported that Sun is allegedly involved with the aforementioned Asian investment group, according to anonymous sources at Circle.Per the article, Sun is leading the investment consortium and made a personal appearance at Circle’s headquarters. Source: cointelegraph.com

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News 

Egyptian expat investors call on government to promote its economic reforms

“A number of Egyptian expat investors called on the Egyptian government to further promote its economic reforms globally to attract more foreign direct investments (FDIs)” writes Nihal Samir for dailynewssegypt.com. Majid Fahmy, vice president of Al Othaim Group in the Gulf states, said during his participation in the conference that Egypt enjoys a great opportunity for attracting more foreign investors following its current economic reforms. Source: dailynewssegypt.com

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Markets News 

Corporate bonds may be paying too little spread to offset fourth-quarter selloff risks

“Risks of a U.S. corporate bond selloff often run high into the final months of the year when liquidity can get pinched and credit spreads widen” writes Sunny Oh for marketwatch.com. The week also saw several additional warnings about corporate leverage, with the International Monetary Fund pointing to a potential $19 trillion corporate debt mess if the next recession is half the magnitude of the 2007-2008 crisis.Check out: Credit-rating firms raise more alarms about the weakest corporate borrowers Bank of America Merrill Lynch analysts estimate the net amount of bonds…

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News 

Toscafund invests EUR25m in Lemon Way

“Pan-European payment processor, Lemon Way has secured a EUR25 million investment from London-based specialist financial services investor, Toscafund Asset Management (Toscafund)” reports privateequitywire.co.uk. Lemon Way intends to develop its products further, through modular proprietary APIs and new payment services in line with the requirements of its clients.Lemon Way is a Paris-based regulated payment institution focusing on marketplaces, crowdfunding platforms and e-comerce websites that require payment processing, wallet management and third-party services in a KYC/AML-regulated framework.Toscafund’s investment will allow Lemon Way to expand its output and collaborate with banks, forging strategic…

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Markets News Stocks 

Ben Carlson: A Eulogy for the 60/40 Portfolio

“The 60/40 portfolio passed away on October 16, 2019, from complications of low interest rates and a bad case of Fed manipulation” writes Ben Carlson for awealthofcommonsense.com. Investors will now have to grapple with the fact that with the passing of the 60/40 portfolio, diversification is also dead.I’ve shared many a conversation with 60/40 over beers about how complex so many professional investors try to make their portfolio. 60/40 would often shake its head and laugh when thinking about it.Many were envious of the performance of the 60/40 portfolio because…

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Markets News Stocks 

Legendary investor Peter Borish describes how effective investing is like being a successful baseball manager — and shares his top trade for an economy wracked with record debt

“It’s Borish’s contrarian way of thinking and foresight that leads him to believe an “interesting” trade is primed to deliver” writes Christopher Competiello for businessinsider.com. He’s probably most famous for co-founding Tudor Investment Corporation with legendary investor Paul Tudor Jones in the 1980s.Peter Borish, chief strategist at Quad Group, is an investor that generally flies under-the-radar. Source: businessinsider.com

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News 

Snakes and ladders: SoftBank Vision Fund’s climbing, sliding valuations

“With WeWork trying to raise new capital, SoftBank has proposed a further $5 billion investment in the money-losing startup, sources told Reuters this week” writes Midwest Communications Inc for 95kqds.com. Notable investments: Indian QR code payment app Paytm, online lenders Kabbage and Oaknorth and online insurance firms ZhongAn in China and PolicyBazaar in India. Notable investments: China’s Ping An Good Doctor, U.S. cancer testing firm Guardant and Swiss drugmaker Roivant Sciences.Notable investments: Coupang, Indonesian e-commerce firm Tokopedia, Indian hotel chain Oyo and online grocer Grofers, U.S. indoor farming firm Plenty…

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News 

China’s September property investment resilient, buoyed by new construction

“BEIJING (Reuters) – China’s property investment stayed buoyant in September, boosted by a rise in new construction activity, underlining hopes that resilience in the sector will help cushion a broader slowdown in the world’s second-largest economy” writes Midwest Communications Inc for 95kqds.com. Property investment is a significant growth driver for China.For the first three quarters, property investment also grew 10.5% on year, compared with a 9.9% uptick in the same period last year and 10.5% in the first eight months.Property investment in September grew 10.5% from year earlier, unchanged from…

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News Stocks 

3 reasons to take a risk when investing

“Know what you’re investing for and if you’re setting enough aside” writes unknown author for businessinsider.com. They can help you figure out how investment risk works with your goals of financial independence.”With a full year’s worth of fixed expenses, I’m far more comfortable taking investment risk with the money that I set aside for retirement and investing,” he says.Investing too conservatively when you’re young may leave you financially vulnerable in the future.What’s Knivsland’s approach to financial independence and investing?.  Source: businessinsider.com

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