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Dud tech investment was All Black for former Fairfax boss David Kirk and his Bailador fund →  September 24, 2017

No sport is more associated with the fine art of the sledge than cricket, but former All Blacks World Cup-winning captain (and CBD’s former boss at Fairfax Media) David Kirk showed some good form in the recent annual report of his tech investment fund, Bailador Technology Investments.  Kirk, and his partner Paul Wilson – whose CV includes […]

Dud tech investment was All Black for former Fairfax boss David Kirk and his Bailador fund →  September 24, 2017

No sport is more associated with the fine art of the sledge than cricket, but former All Blacks World Cup-winning captain (and CBD’s former boss at Fairfax Media) David Kirk showed some good form in the recent annual report of his tech investment fund, Bailador Technology Investments.  Kirk, and his partner Paul Wilson – whose CV includes […]

John Hancock Financial Opportunities Fund (BTO) Given Outperform Rating at Royal Bank Of Canada →  September 24, 2017

John Hancock Financial Opportunities Fund (NYSE:BTO)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank Of Canada in a report issued on Thursday, September 7th. John Hancock Financial Opportunities Fund (NYSE BTO) traded up 0.63% during trading on Thursday, hitting $35.07. 37,519 shares of the stock traded hands. John Hancock Financial […]

Eagle Asset Management Inc. Takes Position in PowerShares QQQ Trust, Series 1 (QQQ) →  September 24, 2017

Eagle Asset Management Inc. bought a new stake in PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 40,882 shares of the exchange traded fund’s stock, valued at approximately $5,626,000. A number of other hedge […]

Investors Shouldn’t Worry About Warren Buffett’s Stance on Bitcoin →  September 24, 2017

flickr.com/Sienna L Warren Buffett on Bitcoin Is the Wrong Source to Seek Out  With Bitcoin (BTC) and cryptocurrencies in general being by far one of the hottest trades going in 2017, everyone has an opinion about this fascinating new industry. Many are positive. Many are also pretty negative. You have all sorts of famous investors, banking executives, […]

Two baby triplets are found dead at their home →  September 23, 2017

The five-month-old pair were discovered not breathing at their home in Wales South Wales Police say their deaths are being treated as a ‘tragic accident’ The third triplet was healthy at the home in Wildmill, Bridgend, South Wales  It is believed the children were killed by suspected carbon monoxide poisoning  By Keiran Southern For Mailonline […]

Exclusive: T-Mobile, Sprint close to agreeing on deal terms →  September 23, 2017

(Reuters) – T-Mobile US Inc (TMUS.O) is close to agreeing tentative terms on a deal to merge with Sprint Corp (S.N), people familiar with the matter said on Friday, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. The transaction would significantly consolidate the U.S. telecommunications market and represent […]

Steve Cohen just took a big step forward in his comeback with a massive new hedge fund →  September 23, 2017

Steve Cohen. Point72 Steve Cohen, the billionaire hedge-fund manager briefly banned from the industry after an insider-trading investigation, this week sent investors documents pitching his new fund, Stamford Harbor Capital, a person who has reviewed the deck told Business Insider. The pitch is the latest move cementing the controversial billionaire’s return to managing money. Investors will […]

Hedge fund set up by ex-Bridgewater exec has hired a new head of quant research from Tudor Investment Corp →  September 23, 2017

Tudor Investment Corporation may be shifting its approach to computer-driven tools that imitate its best portfolio managers after cutting 15% of its headcount last year, but a senior quant at the firm has left for a major new role at a hedge fund started by a former Bridgewater Associates executive. Jean Gabriel Prince has joined Marto […]

KIM: Betting against Buffett is a costly proposition →  September 23, 2017

While the “active” (i.e. picking individual stocks) vs. “passive” (i.e. index investing) management debate has reached a fever pitch recently, a passionate conversation has been ongoing for well over a decade. Warren Buffett’s annual letters to shareholders of Berkshire Hathaway are legendary for explaining concepts in an easy-to-understand manner. In Buffett’s 2005 letter (February 2006), […]

Sorry, Jamie Dimon — You’re wrong about bitcoin →  September 23, 2017

JPMorgan CEO Jamie Dimon is at it again, dismissing bitcoin and predicting its collapse. He couldn’t be more wrong, says hedge-fund manager Brian Kelly. JPMorgan CEO Jamie Dimon is at it again, calling bitcoin worthless and predicting its spectacular collapse . As a hedge-fund manager focused on the new asset class of bitcoin and other […]