News Stocks 

A Canadian investment bank is quietly pursuing a critical regulatory approval that would solve one of the biggest pain points for the US marijuana industry

“One of the biggest pain points preventing multibillion-dollar institutions from investing in the US cannabis industry may soon be solved” writes Jeremy Berke for businessinsider.com. For comparison, the cigarette industry in the US is worth roughly $80 billion, according to the investment bank Cowen.Canaccord Genuity, a mid-size Canadian investment bank, is seeking approval from the Financial Industry Regulatory Authority (FINRA) to act as a custodian for US investors, according to a source familiar with the matter.Because cannabis is federally illegal in the US, the government could, in theory, prosecute banks…

Read More
Markets News 

As asset management growth grinds to a halt, firms have to get creative. Here are the 3 avenues analysts say will best boost revenue.

“New technology: asset managers are taking over some of the work that financial advisers and other groups previously did in distribution, enabled by technology” writes Meghan Morris for businessinsider.com. Asset managers face a dismal outlook, as investors turn to lower-fee products and shareholders demand bottom-line growth and lower costs.”Today, the bulk of foreign asset managers’ emerging market client assets under management is sourced from large public funds investing into Western markets,” the analysts wrote.”Asset managers will increasingly find themselves up against technology players in the solutions space,” the report said.Increasing…

Read More
Markets News Stocks 

A ‘tug-of-war’ is pulling the stock market in 2 distinct directions — and how investors combat it will determine whether they survive the next meltdown

“While global stocks have gained 11% this year, $46 billion has been pulled from equity funds, according to Bank of America Merrill Lynch” writes Akin Oyedele for businessinsider.com. This risk helps explain why some investors have stood on the sidelines of this rally, and even pulled money from equity funds.According to Alain Bokobza — Societe Generale’s head of global asset allocation and equity strategy — investors must posture for the ongoing “tug-of-war” between the bullish and bearish forces pulling on the stock market.Several investors have kept their enthusiasm tempered even…

Read More
Crypto News Platforms Stocks 

Intercontinental Stock Exchange Seemingly to Expand Cryptocurrency Data Feed

“At press time, the Cryptocurrency Data Feed supports 58 digital currencies from various data sources, markets and exchanges around the world” writes Ana Alexandre for cointelegraph.com. Intercontinental Stock Exchange (ICE), the parent company of the New York Stock Exchange (NYSE) hinted it was adding a slew of new coins to its Cryptocurrency Data Feed in a tweet on March 14.In February, ICE said that the launch of its cryptocurrency platform Bakkt is set for later in 2019.The platform was introduced following a partnership between ICE and Bitcoin (BTC) and blockchain…

Read More
News 

Insurance Giant AXA XL Launches Security Token and Crowdfunding Insurance Service

“Insurance giant AXA XL and insurance technology startup Assurely have jointly launched a new insurance product covering equity crowdfunding and Security Token Offerings (STOs), according to a press release published on March 6” writes Ana Alexandre for cointelegraph.com. AXA XL is reportedly the second largest insurer in Europe, also providing risk management and reinsurance services to insurance companies globally.As Cointelegraph reported in February, blockchain security firm and crypto wallet service BitGo announced plans to offer crypto insurance through Lloyd’s of London.The new product dubbed CrowdProtector is designed for issuers and investors, and purportedly…

Read More
News 

From Betsy DeVos to Rupert Murdoch, to the Walton family, here are the investors that lost hundreds of millions investing in Theranos

“By September, Theranos had officially shut down, and its investors lost the hundreds of millions they’d bet on the company” writes Lydia Ramsey for businessinsider.com. A number of the big names who invested in Theranos — from Education Secretary Betsy DeVos to Walmart heirs — lost hundreds of millions from their investments in the blood-testing company.Holmes and Theranos settled with the SEC. Then in June 2018, Holmes stepped down as CEO of Theranos, remaining with the company as a founder and the chair of the board.”To say they’re highly disappointed…

Read More
Crypto Markets News 

Interest in OTC Trading May Become the Springboard for the New Cryptocurrency Market Boom

“According to data collected by Digital Asset Research, the global daily bitcoin OTC trading value is about $250 million” writes Guest User for livebitcoinnews.com. And the first thing that interests them is OTC trading as an instrument of quick and secure cryptocurrency trading.” He sees a lot of similarities between today’s keen interest in OTC cryptocurrency trading and the industry landscape in late 2017 – early 2018, when the market was burning with fever about Initial Coin Offerings.Over-the-counter trading in digital assets is rapidly gaining popularity with the crypto market…

Read More
News 

Lawrence Hamtil: The Global Portfolio’s Rough Three Decades

“Indeed, currency had a material impact over the last three decades: Perhaps, then, the fairest comparison is the U.S.-only compared to a currency-hedged global portfolio?” writes Lawrence Hamtil Is for fortunefinancialadvisors.com. Given a greater max drawdown and lower Sharpe ratio (which measures risk-adjusted returns), it is hard to argue that a global portfolio offered any value to American investors at all.Similarly, foreign equity portfolios with factor tilts such as momentum and minimum volatility offer value to investors.In addition, investors may find better value in foreign small caps as I have discussed…

Read More
Markets News 

Don’t look now, but global economic reports are starting to surprise investors in a good way

“Economic data continued to disappoint in early 2019, though more recent readings have shown signs of stabilization” writes Deputy Markets Editor for marketwatch.com. It’s worth watching, however, because it picks up changes much more quickly than the 12-week window (captured by the black line) which is similar to what’s used in most economic surprise indexes, he noted.Efforts by China to boost its economy, which is facing cyclical headwinds as well as trade-related worries, have also cheered investors.At the same time, worries over the outlook for global growth have at times…

Read More