31 Burst results for "investment manager"

Understanding the GameStop Stock Market Drama

Bloomberg Wall Street Week

04:17 min | 3 weeks ago

Understanding the GameStop Stock Market Drama

"Markets have been shaken again over the past two weeks as Reddit Day traders boosted shares of companies like game Stop. And sent short selling hedge funds running with long short funds losing 6% overall last month, and Melvin Capital alone, plummeting 53%. But most hedge funds emerged unscathed. And Steve Cohen's 0.72 even attracted $1.5 billion in new money. Here's sweet that Ramachandran, GAM investment manager, I assume hedge funds are probably reluctant to short small cap stocks right now, if the fear that the Reddit brigade might be behind those, But by early this week, game stops to the moon rally started to come back toward Earth, and not even the reddit flash mob or changes the top of the company. Could get the irrational exuberance going again reminding us why hedge funds and short sellers target companies like Gamestop investor that gets caught in the up dressed on that and doesn't understand that investing well, it looks like it's all going up to the person to click the last by understand that that could happen to them that quickly. That's former e trade financial CEO Carl Rossner. I ask Council on foreign relations senior fellow Sebastian Mallaby, if anything will fundamentally change. In the hedge fund world. I don't really, I mean, I think that hedge funds which of course, go back to the sixties, at least have proven to be an amazingly robust platform from which to think creatively about risk. Ondo. They adapt. You know they get new stuff yesterday in their ways when they began, there was no such thing as trading currencies because turned his world fixed it together one mark, it's hardly existed. You have to trade stocks by appointment on. They adapted all the way through that, As everything changed the authentic thea advent of reddit the advent of Robin Hood. This is just the latest iteration of the long, long history of financial innovation, and every time hedge funds figure it out. You also have regulators trying to figure it out as it were, after the fact we have the Treasure Secretary Janet Yellen now saying She's meeting with regulators, saying, We need to take a hard look at this about the volatility and whether this might actually put in jeopardy. Some investors. We also have hearings in Congress coming up. Do you expect there might be some tweaking, at least to the regulations? I think with respect to Robin Hood on the fact that it had to close down Access to trading on second stocks. That's the kind of market interruption which regulators order take action on. You need the infrastructure of trading to be reversed you, you know you need to look at the plumbing, and some regulators put it. And so the back part of the system will definitely because they're fresh. Look, What about on the short selling side? There have been proposals as you know, well for short, so staff to disclose their positions, individual positions, which is done is I understand in Europe. Do you think there might be a renewal of that call? And by the way, why do we have to disclose on the long side and not the short? I'm not sure, Actually, that hedge funds do disclose on the long side unless they buy more than Disposable fresh over believe it's 5% or something off the company so you could get away with a lot without disclosing. I think you know when you Taking a really big position. Probably there's it becomes a systemic threat to you. You know, you might blow up if that position where to go very badly wrong on so regulators to care about the soundness of the system ever all Have a legitimate interests, but I think it's more positions shouldn't have to be disclosed. But we certainly had some large hedge funds who took a big hit on. I wonder whether that did suggest it could be systemic risk here. Well, the beauty of hedge funds is that through their long history They've proven to be smart enough to fail. Not too big to fail, they actually can blow up and people often cite long term capital management in 1998 Aziz. The big exception actually, if you go back and look at that incident The New York Fed convened the banks to recapitalize them, but no taxpayer money. Zero went him. So freestanding hedge funds. I'm not counting here, the subsidiary of best stones that went wrong in a rage. Freestanding hedge funds have never had a taxpayer bailout mills in capital has not needed to taxpayer bailout. That's the good thing about hedge funds.

Reddit Melvin Capital Carl Rossner Sebastian Mallaby Ondo Steve Cohen Ramachandran Janet Yellen Robin Hood GAM Gamestop Council On Foreign Relations Congress Europe New York Fed
Fresh update on "investment manager" discussed on Bloomberg Markets

Bloomberg Markets

00:31 min | 17 hrs ago

Fresh update on "investment manager" discussed on Bloomberg Markets

"Y Mellon investment manager, chief strategist tells Bloomberg. Sectors of the market that are outperforming you're quite strong and are quite strong or not the ones that are at the top of the index. This large cap tech stocks have really peaked out on a relative basis. In the summer of 2020. So as they struggled, the index itself will struggle. But there are plenty of sectors and plenty of companies that are doing great here today and this just crossing US weekly crude stockpiles that reason by the most since 1982, let's look at the stock. Yes. If he's down 8/10 of a percent down 30 Dow is little changed down 22 in the dance Tax down 1.6% down 207 10 Year is down 26 30 seconds. The yield 1.4% raise taxes intermediate Crude's up 1.4% of 60 59 of Barrel comics gold is down 1.5% of 17 away Even for ounce, the dollar yen one. Oh seven times the euro dollar 2055 in the British found that all of 39 29 that is a Bloomberg business Flash. We continue with Bloomberg markets Matt Miller and Paul swinging. Greg. Thanks very much. Greg Jarret.

Greg Jarret Matt Miller Greg Bloomberg 1.5% 26 1.6% 1.4% Paul 22 17 39 30 207 29 1982 10 Year United States Today 30 Seconds
"investment manager" Discussed on Outcomes Rocket

Outcomes Rocket

06:11 min | 5 months ago

"investment manager" Discussed on Outcomes Rocket

"Welcome back to the outcomes rocket saw marquess here and today I have the privilege of hosting a Dr Shawn Chang He's a PhD in engineering and then investment manager at Phillips Ventures of the portfolio of promising early stage companies includes baby scripts, , Zell Might Tani to drive the Phillips Health Tech Vision he's interested in early stage investment opportunities in digital health, , medical devices and imaging based diagnostic prior to ventures. . He drove key strategic decisions for the Phillips leaderships on topics, , including wearables, , health, , cloud digital transformation, , and data interoperability. . Previously, , Sean held positions at the Boston Consulting Group, , the US FDA and NASA SEAN also. . Serves on the board of directors of the Professional Center for child, , Development Board of advisors at. . Johns Hopkins University. . And the Advisory Board of the World Economic Forum's Global Shapers Community Sean holds his PhD in engineering from the University of Cambridge England where he developed expertise in medical device design simulations and optimization algorithms. . I'm privileged to have him here on the podcast with us today to chat about innovation in how we fund it, , and how we view it within today's Environment John such a pleasure to have you here with us face for having me salt and that was a mouthful, , but a takes the intro. . That's Hey listen I mean for the things that you've done in your career it's like a <hes>, , the tip of the iceberg. . So certainly going to be a fun talk today before we dive into the nitty gritty of you know the investments and an innovation I love to find out more about what inspires your work in healthcare yes. . Sure <hes>. . So I think. . Ever since I can remember you know is one of these professions where it was always going to be around rice on my my father's. . Told that to me when I was very young. . People are always going to get sick and you know this is something that is near and dear to everyone's hearts and something they worry about. . So I, , you at a very young age looking at healthcare is something worthwhile doing not to say that everything else is in November and? ? Certainly in the healthcare side, , there's always relevance and and <hes>. . There was something that's <hes> from impact side of very worthwhile in a you know a few years ago. I, . , say. . My Dad also. . got into a bit of the healthcare trouble and I was in consulting time the generals consultant and having done engaged. . She focused on cardiology and the more invasive procedures within cardiology like artificial hearts and L. Ads. . I've felt <hes>. . You know I was almost blind sided when he was you know going in for a quadruple bypass and you know I I should probably rely and and it will come back to industry a little more. . So something more personal <hes> more recently. . And I can appreciate that greatly, , Sean, , you know a mixture of your dad's advice and life experiences you just kind of gravitated to the the field and and I mean, , you've just done extraordinary work love to park a bit for a second here on the venture business and and how exactly you guys are looking at your your early stage companies and investments. . What exactly are you looking to do with those? ? Are they adding value to the to the ecosystem? ? Yeah. . Sure. . You know I think. . There's many aspects of this love to talk at length about all of them, , but I'll just spare you that give you the highlights here. . So from a corporate venturing point of view, , it's always been cyclical as an industry and <hes>. . You know in the last ten years, , we've seen a revival of <hes> you know corporate venturi with new formats approaches, , and this is a will be really try to carve out as ventures. . So we started a around twenty-six teen in the intent was to create a team and <hes> find that can provide that early stage reconnaissance as well as know how in working with founders, , and so the given an idea of what was happening to pass our emanate folks was dealing with. . The early stage investments as well, , and so they would take a similar approach as an acquisition of a let's say, , a two billion dollar company to a post money valuation but ten million dollar early stage startup, , and so that combined with a lot of the various functional corporate requirements like in privacy security insurance etc was really a lot for any you early stage coming to handle, , and so we WANNA do is provide a center of excellence as well as a team that can go and negotiate these deals and streamline the process, , and so we were able to reduce a deal flow time live from. . Don't call me on this, , but you know nine months to a year down to <hes> route three months. . And so that was one of the. . Young one is just <hes>. . You know mutual benefit. . So I. . Think we were allowed unnecessary terms into the term sheets that you know we never really exercise and so <hes>. . Knowing that, , moving the future, , making a judgment call on you know, , how can we help the founders succeed and then help them scale? ? The company's best is sort of where we really emphasize that those ventures in I know everyone says this, , but we try to be more founder friendly than the typical CBC, which , has a stereotype over the years, , and so that's I think you know where where our value add would be you know bringing the resources in channels and infrastructure of fields, , corporate the mothership, , but also being. . Venture and founder friendly as well. . And then we can sit there work together with the companies over time to help them succeed for both sides and think that's awesome. Shine. . . You know you'd think about a lot

Sean Dr Shawn Chang Phillips Ventures Phillips Johns Hopkins University investment manager Zell Advisory Board Boston Consulting Group US Development Board FDA Professional Center University of Cambridge Englan NASA
Digital Health: A CVC Perspective with Sean Cheng, Investment Manager at Phillips Ventures

Outcomes Rocket

06:11 min | 5 months ago

Digital Health: A CVC Perspective with Sean Cheng, Investment Manager at Phillips Ventures

"Welcome back to the outcomes rocket saw marquess here and today I have the privilege of hosting a Dr Shawn Chang He's a PhD in engineering and then investment manager at Phillips Ventures of the portfolio of promising early stage companies includes baby scripts, Zell Might Tani to drive the Phillips Health Tech Vision he's interested in early stage investment opportunities in digital health, medical devices and imaging based diagnostic prior to ventures. He drove key strategic decisions for the Phillips leaderships on topics, including wearables, health, cloud digital transformation, and data interoperability. Previously, Sean held positions at the Boston Consulting Group, the US FDA and NASA SEAN also. Serves on the board of directors of the Professional Center for child, Development Board of advisors at. Johns Hopkins University. And the Advisory Board of the World Economic Forum's Global Shapers Community Sean holds his PhD in engineering from the University of Cambridge England where he developed expertise in medical device design simulations and optimization algorithms. I'm privileged to have him here on the podcast with us today to chat about innovation in how we fund it, and how we view it within today's Environment John such a pleasure to have you here with us face for having me salt and that was a mouthful, but a takes the intro. That's Hey listen I mean for the things that you've done in your career it's like a the tip of the iceberg. So certainly going to be a fun talk today before we dive into the nitty gritty of you know the investments and an innovation I love to find out more about what inspires your work in healthcare yes. Sure So I think. Ever since I can remember you know is one of these professions where it was always going to be around rice on my my father's. Told that to me when I was very young. People are always going to get sick and you know this is something that is near and dear to everyone's hearts and something they worry about. So I, you at a very young age looking at healthcare is something worthwhile doing not to say that everything else is in November and? Certainly in the healthcare side, there's always relevance and and There was something that's from impact side of very worthwhile in a you know a few years ago. I, say. My Dad also. got into a bit of the healthcare trouble and I was in consulting time the generals consultant and having done engaged. She focused on cardiology and the more invasive procedures within cardiology like artificial hearts and L. Ads. I've felt You know I was almost blind sided when he was you know going in for a quadruple bypass and you know I I should probably rely and and it will come back to industry a little more. So something more personal more recently. And I can appreciate that greatly, Sean, you know a mixture of your dad's advice and life experiences you just kind of gravitated to the the field and and I mean, you've just done extraordinary work love to park a bit for a second here on the venture business and and how exactly you guys are looking at your your early stage companies and investments. What exactly are you looking to do with those? Are they adding value to the to the ecosystem? Yeah. Sure. You know I think. There's many aspects of this love to talk at length about all of them, but I'll just spare you that give you the highlights here. So from a corporate venturing point of view, it's always been cyclical as an industry and You know in the last ten years, we've seen a revival of you know corporate venturi with new formats approaches, and this is a will be really try to carve out as ventures. So we started a around twenty-six teen in the intent was to create a team and find that can provide that early stage reconnaissance as well as know how in working with founders, and so the given an idea of what was happening to pass our emanate folks was dealing with. The early stage investments as well, and so they would take a similar approach as an acquisition of a let's say, a two billion dollar company to a post money valuation but ten million dollar early stage startup, and so that combined with a lot of the various functional corporate requirements like in privacy security insurance etc was really a lot for any you early stage coming to handle, and so we WANNA do is provide a center of excellence as well as a team that can go and negotiate these deals and streamline the process, and so we were able to reduce a deal flow time live from. Don't call me on this, but you know nine months to a year down to route three months. And so that was one of the. Young one is just You know mutual benefit. So I. Think we were allowed unnecessary terms into the term sheets that you know we never really exercise and so Knowing that, moving the future, making a judgment call on you know, how can we help the founders succeed and then help them scale? The company's best is sort of where we really emphasize that those ventures in I know everyone says this, but we try to be more founder friendly than the typical CBC, which has a stereotype over the years, and so that's I think you know where where our value add would be you know bringing the resources in channels and infrastructure of fields, corporate the mothership, but also being. Venture and founder friendly as well. And then we can sit there work together with the companies over time to help them succeed for both sides and think that's awesome. Shine. You know you'd think about a lot

Sean Phillips Ventures Phillips Founder Johns Hopkins University Dr Shawn Chang United States Boston Consulting Group Professional Center Investment Manager Development Board FDA Zell Nasa Advisory Board Consultant L. Ads University Of Cambridge Englan
"investment manager" Discussed on Outcomes Rocket

Outcomes Rocket

02:30 min | 5 months ago

"investment manager" Discussed on Outcomes Rocket

"Welcome back to the outcomes rocket saw marquess here and today I have the privilege of hosting a Dr Shawn Chang He's a PhD in engineering and then investment manager at Phillips Ventures of the portfolio of promising early stage companies includes baby scripts, Zell Might Tani to drive the Phillips Health Tech Vision he's interested in early stage investment opportunities in digital health, medical devices and imaging based diagnostic prior to ventures. He drove key strategic decisions for the Phillips leaderships on topics, including wearables, health, cloud digital transformation, and data interoperability. Previously, Sean held positions at the Boston Consulting Group, the US FDA and NASA SEAN also. Serves on the board of directors of the Professional Center for child, Development Board of advisors at. Johns Hopkins University. And the Advisory Board of the World Economic Forum's Global Shapers Community Sean holds his PhD in engineering from the University of Cambridge England where he developed expertise in medical device design simulations and optimization algorithms. I'm privileged to have him here on the podcast with us today to chat about innovation in how we fund it, and how we view it within today's Environment John such a pleasure to have you here with us face for having me salt and that was a mouthful, but a takes the intro. That's Hey listen I mean for the things that you've done in your career it's like a the tip of the iceberg. So certainly going to be a fun talk today before we dive into the nitty gritty of you know the investments and an innovation I love to find out more about what inspires your work in healthcare yes. Sure So I think. Ever since I can remember you know is one of these professions where it was always going to be around rice on my my father's. Told that to me when I was very young. People are always going to get sick and you know this is something that is near and dear to everyone's hearts and something they worry about. So I, you at a very young age looking at healthcare is something worthwhile doing not to say that everything else is in November and? Certainly in the healthcare side, there's always relevance and and There was something that's from impact side of very worthwhile in a you know a few years ago. I, say. My Dad also..

Sean Dr Shawn Chang Phillips Ventures Phillips Johns Hopkins University investment manager Zell Advisory Board Boston Consulting Group US Development Board FDA Professional Center University of Cambridge Englan NASA
The Stock Market Is Not the Economy

Money For the Rest of Us

02:14 min | 10 months ago

The Stock Market Is Not the Economy

"Sarah Ponsak wrote in Bloomberg. The market isn't the economy though it's at least a reflection of it and a bet on what will thrive in the future unsurprisingly amid a crisis bent on keeping everyone at home bets are coalescing around companies that ease the burden of being locked indoors she quoted Jack Genocea with a portfolio strategist at Nat Texas investment managers. They oversee a trillion dollars in assets. He said the I opener when you look at the ones you're worried about. He's talking about stocks within the five hundred airlines leisure companies. It's not a big chunk of the S. and P. Five hundred it's the old adage where the market isn't the economy that really hits an important piece here a lot of the stuff we're worried about. It's just not a big chunk of the S&P five hundred so maybe we should've react by selling off thirty five percent. Finally Matt Phillips in New York Times wrote a piece titled Repeat After me the markets are not the economy he wrote. The stock market looks increasingly divorced from economic reality. The United States is on the brink of the worst economic collapse since the Hoover Administration. Corporate profits have crumbled more than a million. Americans have contacted the krona virus and hundreds are dying each day. There is no turnaround site yet. Stocks keep climbing even as twenty point. Five million people lost their jobs in April the S. and P. Five hundred stock index logged. It's best month in thirty three years. The top five companies in the S P five hundred employees about one point two million workers worldwide the. Us has a hundred and thirty-three million employed workers last month it was one hundred and fifty six million over twenty million jobs. Lost those five companies. Employment makes up only zero point nine percent of jobs and across the entire S. and P. Five hundred those companies only employ about seventeen percent of US workers.

United States Matt Phillips Sarah Ponsak Jack Genocea Bloomberg Nat Texas Hoover Administration New York Times
Coronavirus will have minimal impact on US economy

Bloomberg Surveillance

03:18 min | 1 year ago

Coronavirus will have minimal impact on US economy

"Well see I out he joins us on a five Patrick great to have you with us why in place of what you see on the screen this morning and a face around China it appears from China I think are fair enough definitely it's going to be a big hit to the retail side of the Chinese economy maybe but not the disease itself just the prevention of the disease the quarantining and the fear that it's creating is definitely going to be a head to the retail side of things I think a bond markets probably over reacting in the west whereas pricing in recessionary environment again I think in the US and in Europe and I don't think there's a direct follow through from the Chinese consumer to the U. S. economy the way that the bond market's pricing right now so I think that might be over an over reaction let's explore that further I guess the risk is for a lot of people looking at the screens in Europe at the moment that recovery very fragile certainly not secure and any kind of movement from China to the downside will not because of course again if that happens then what if you got low yields in Europe and therefore you have lower treasury yields as well was to push back against the theory Patrick I think that these type of things it was sars are relatively short lived and there's a a bounce back so it's a wild card no one knows how long this is going to play out no one knows how big it's going to get is of improvements now that they've done the gene sequencing very quickly China's addressed it more openly than they did with sars so it tends to have a life span the summer is also another thing that tends to and these type of band that mixes well so I don't think it's a long term hits it's something you can look through for the western economies it's not something you want to look through maybe for equities if their retail orientated selling into China but I don't think you should be changing your long term economic views on something that most likely is going to be shorter term in nature Patrick many investment managers who have spoken with say the same thing that you're saying which eventually this is going to die down and they're going to just sort of look again at the economic back truck they were Jack backdrop they were before the credit virus started to spread are you making these actual moves in other words are you selling your treasury holdings are you investing in some of the socks that are getting sold off most we don't have much in the way of treasury holdings we reduce their duration in August on treasuries we are still quite long duration in the U. K. and that is something we're probably going to be doing in the next day or two is a bond yields have really rallied not yield bond prices of really rallied over the last few days and it's it is an overreaction to the corona virus in my opinion rather than a real economic change central banks are going to stay where they are late rates are accommodative already and prior to me coming in the discussion I overheard you talking about central banks not having the dry powder in a recession I think that's totally true but as a bond investor and over the very long term I think the offset to the no dry powder for monetary policy is going to be real stimulus on the fiscal side of things so and M. T. was something that was talked about as a friends strange because in the past and that's almost becoming mainstream it's not a base case by any means but I think you're going to get a real experimental fiscal stimulus in the next recession and that's both bathrooms for long term bonds

Patrick
Trump signs "Phase One" of limited trade deal with China, what's next?

Bloomberg Daybreak: Asia

03:31 min | 1 year ago

Trump signs "Phase One" of limited trade deal with China, what's next?

"The hour let's say good morning to James Leland investment manager via fax group James is good that the two sides the US and China have have done a deal it removes a certain amount of the uncertainty and so the tensions are lower but one of the points have been making a lot this morning's are still a lot of terrorists in place and I can give you a little microcosm story speaking to one of my AG sources and he said look this is a home run for us but the fact is that there are still a lot of terrorists in place B. for instance opening up of the terrorists are forty seven percent so are these remaining terrorist in your view James going to be a drag on the economy I get up in front of the love you write me questions Michael until the park in the world for the scene and it's just absolutely gets transmitted to the cracker barrel that might be with regards to justify soon he trump and he's already said this he needs to make sure that it's confined to bargain with so the task because the sidelines so that he has a good bargain now would you got so the actual play tells us get into the details of of all size one old even the decals will potentially can at least talk about it hi Sir what what is an absolute certainty and and his counselor to suffer and die is that at some stage he's gonna throw a spanner in the works and show that this is some sort of a big national AT and paint and it's an absolute calamity so that you can then be deceived six that's the only thing that's really ahead so he makes these terrorists it to sign it so that when he came to the when he calls it the calamity he's got this thing hanging over to show that post trying to come back to the title and to continue the negotiations James is there a winner here you know we've been talking about this for a long time and now we're trying to see did anyone actually get the upper hand all it takes what we did so he got the upper hand it's really at that that is a fascinating thing isn't it the house was having a bit of a look through the more reports of slowing it also seems to be compared to the kind of your subjects with limited time at that that was talking about who was actually sent to the signing all of the phase one deal because the leader of the free world Donald Trump on one side at the White House on the other side no one expects this thing that we can put that on the court what is effectively and ranking political official in the in the Chinese Chrissy okay it's it's a big signal that there's there's something that's in the Chinese sake and and that this is going back I've museums dedicated to this address back as far as the opium wars the Senate no one can ever really be associated with an unsafe deal and potentially with the why the constant company miss that Sir it's announced a deal no wants to be the person who signs yeah if you are potentially at the UC across the Rick that started actually I think the agent that that potentially when they eventually I think that eventually that do start to buckle on the on actually implementing the size of the trade deal we give you just a second turn on the possible reasons why they will collect it comes when I kind reasons the market comes like a cat from just one after the other with our mind so from an investment standpoint how do you play it well look identical to kind of fraud because only should do in the morning you coming to make a Cup of coffee you totally blend seminal you look at this you look at the simple facts is money so free yes is the world even in a complete calamity not things are attacked so you just continue to buy equities and everything is okay

Investment Manager James James Leland
Trump signs "Phase One" of limited trade deal with China, what's next?

Bloomberg Daybreak: Asia

03:31 min | 1 year ago

Trump signs "Phase One" of limited trade deal with China, what's next?

"The hour let's say good morning to James Leland investment manager via fax group James is good that the two sides the US and China have have done a deal it removes a certain amount of the uncertainty and so the tensions are lower but one of the points have been making a lot this morning's are still a lot of terrorists in place and I can give you a little microcosm story speaking to one of my AG sources and he said look this is a home run for us but the fact is that there are still a lot of terrorists in place B. for instance opening up of the terrorists are forty seven percent so are these remaining terrorist in your view James going to be a drag on the economy I get up in front of the love you write me questions Michael until the park in the world for the scene and it's just absolutely gets transmitted to the cracker barrel that might be with regards to justify soon he trump and he's already said this he needs to make sure that it's confined to bargain with so the task because the sidelines so that he has a good bargain now would you got so the actual play tells us get into the details of of all size one old even the decals will potentially can at least talk about it hi Sir what what is an absolute certainty and and his counselor to suffer and die is that at some stage he's gonna throw a spanner in the works and show that this is some sort of a big national AT and paint and it's an absolute calamity so that you can then be deceived six that's the only thing that's really ahead so he makes these terrorists it to sign it so that when he came to the when he calls it the calamity he's got this thing hanging over to show that post trying to come back to the title and to continue the negotiations James is there a winner here you know we've been talking about this for a long time and now we're trying to see did anyone actually get the upper hand all it takes what we did so he got the upper hand it's really at that that is a fascinating thing isn't it the house was having a bit of a look through the more reports of slowing it also seems to be compared to the kind of your subjects with limited time at that that was talking about who was actually sent to the signing all of the phase one deal because the leader of the free world Donald Trump on one side at the White House on the other side no one expects this thing that we can put that on the court what is effectively and ranking political official in the in the Chinese Chrissy okay it's it's a big signal that there's there's something that's in the Chinese sake and and that this is going back I've museums dedicated to this address back as far as the opium wars the Senate no one can ever really be associated with an unsafe deal and potentially with the why the constant company miss that Sir it's announced a deal no wants to be the person who signs yeah if you are potentially at the UC across the Rick that started actually I think the agent that that potentially when they eventually I think that eventually that do start to buckle on the on actually implementing the size of the trade deal we give you just a second turn on the possible reasons why they will collect it comes when I kind reasons the market comes like a cat from just one after the other with our mind so from an investment standpoint how do you play it well look identical to kind of fraud because only should do in the morning you coming to make a Cup of coffee you totally blend seminal you look at this you look at the simple facts is money so free yes is the world even in a complete calamity not things are attacked so you just continue to buy equities and everything is okay

Mormon Church accused of stockpiling billions, avoiding taxes

Morning Edition

03:26 min | 1 year ago

Mormon Church accused of stockpiling billions, avoiding taxes

"The church of Jesus Christ of latter day saints whose members are known as Mormons is facing allegations of financial fraud a former investment manager for the church has filed a complaint with the IRS he says the institution holds and misuses charitable contributions close to one hundred billion dollars we hail is reporting on the story from member station K. U. E. R. in Salt Lake City come morning Lee the morning before we get into the specific allegations this is a big deal because donations are very important to this church right yeah I mean the church's Chrysler the saints like most churches are a lot of churches I should say as for ten percent of all income of their members be paid in typing the interesting thing is that please most that money for facilities missions vingtaine work what's left over they invest and that's where David Nilsson comes in okay so who is David Nelson and what is he alleging so he's the whistleblower who filed the complaint to the IRS and he's a former employee of the church's nonprofit investment arm it's called ensign peak advisors and he says ensign peak would receive about a billion dollars of excess typing a year and over time and through some clearly successful investment strategy they ended up with a hundred billion dollars the church is not confirm that figure they don't have to by law but Nielsen argues that ensign peak this investment arm there how to complaints their tax exempt status because they receive this tithing money invested they haven't made any charitable donations from that money they have no no charitable contributions and so instead they've used it to bail out for profit companies the church also owns how are Mormons reacting to these allegations about misuse of money that they've donated yet when it comes to like typing members of the church I think most of them will likely agree with church leadership and the official response in the church has been that the vast majority of typing is used for the purpose of helping meeting the needs of the church and the church he's also said that the claim is being circulated are based on their perspective and limited information they need and defended their right to invest the money invoking the parable of the talents things the sound doctrine on financial principle taught by Jesus in the New Testament other members of the church had a different reaction they've referred to this as hoarding and they're really upset that this a hundred billion I'm for investments isn't being used in religious or humanitarian efforts what is the parable of the talents that you mentioned there basically Jesus is instructing these disciples to go and make basically magnify what they've been given you know to kind of grow what they've been given and basically that this is an example of them growing the the money they perceive investing yeah okay listen knows these claims to turn out to be true what are the consequences for the church potentially well I spoke with a law professor Sam Brunson Atleo Loyola University in Chicago who's an expert on this kind of stuff and he said that the whistle blower is correct that no money has gone to charity than this investment arm of the church risks losing its tax exempt status while but importantly he says that the church itself is not risk the church itself it is not at risk why well because they have the separate investment arm which caused the problem but it's also going to shield them from potential fallout Lee hell with member station K. we are thanks so much for your

U.S. blacklists Chinese AI firms ahead of trade talks

Bloomberg Surveillance

01:43 min | 1 year ago

U.S. blacklists Chinese AI firms ahead of trade talks

"We came into the week looking for try talks to restart the Chinese report be looking for now what deal the president thank you professor brought of one then the news ready started to ramp up China effectively blacklisting U. S. basketball team for supporting the Hong Kong protest the United States blacklisting attorneys tech firms for suppressing religious minorities in China and this morning on thing down in Washington reporting that the administration is moving ahead with discussions around possible restrictions on capital flows into China focusing on investments made by US government pension funds I have no idea if that was thirty seconds or not that's kind of a rap in the last twenty four hours the equity market is completely held hostage by the story James and he joins us now senior investment manager at Aberdeen James one on the U. to ahead of us try to stay morning John yeah I think I mean it's difficult to buy anything government it definitely has escalated in the last twenty four hours but essentially the escalation is in line with Molly coal field I think actually most investors because he certainly if you sort of just listen to the conversations out there in the false with your teeth them have come around to the conclusion that this is a home for like an inverted commas which is not going away anytime soon which is more than just about trade in the bilateral trade deficit all calling account deficit and it is more a question all for you know two super powers who have some structural issues between each other that needs to be resolved that's no bipartisan issue in the US we got the short term escalation yeah of course sixty three price but realistically equity happen in almost twice the perfection of life will poems I think of seeing a more realistic outlook both economically and politically slash geopolitical hasn't changed my view a motivational tool because up in defense position

President Trump China United States Washington Senior Investment Manager Aberdeen James Professor Hong Kong James John Twenty Four Hours Thirty Seconds
"investment manager" Discussed on Capital Ideas Investing Podcast

Capital Ideas Investing Podcast

02:03 min | 1 year ago

"investment manager" Discussed on Capital Ideas Investing Podcast

"Read carefully before investing American Funds Distributors Inc member of Fenra investing outside the United States involves risks such as currency fluctuations periods liquidity and price volatility has more fully described in the perspective these risks may be heightened in connection and with investment in developing countries small company stocks entail additional risks and they can fluctuate in price more than larger companies stocks lower rated bonds are subject to greater fluctuations inbound and risk of loss of income and principal than higher rated bonds statements attributed to individual represent the opinions of that individual as the public and do not necessarily reflect the opinions of capital reports affiliates. This information is intended to highlight issues and should not be considered vice an endorsement or recommendation any reference to accompany product or service does not constitute suit endorse medical recommendations for purchase and should not be considered investment advice this content developed by capital home of American funds should not be used as a primary basis or investment vestment decisions and is not intended to serve as impartial investment or fiduciary advice. American funds are intended only for persons eligible to purchase. US registered mutual funds not album group model for Olias are available outside the US the capital ideas websites are not intended for use by Canadian audiences in Canada. Please visit capital route dot com slash. Ca for capital group incites for listeners in Canada Commissions Trailing Commissions Management Fees and expenses all may be associated with mutual fund investments these read the Prospectus performed busting mutual funds are not guaranteed their values change frequently and past performance may not lever keitel capital funds are available in Canada through registered dealers for your individual situation these consulting financial and tax advisers Capital International Bassett Management Canada is a wholly owned subsidiary of capital please visit is it capital group dot com slash. Ca For more information American funds are not available in Canada where listeners in Asia Australia. The inflammation in this communication is up a general nature. HR This communication has been prepared by Capital International Inc a member of Capital Group A company incorporated in California United States of America. The liability of members is limited in.

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"investment manager" Discussed on Capital Ideas Investing Podcast

Capital Ideas Investing Podcast

08:27 min | 1 year ago

"investment manager" Discussed on Capital Ideas Investing Podcast

"Percent fifty one plus plus percent of the time we've identified within a cohort of managers the opportunity to do better than the index so there's an opportunity for a prudent fiduciary to not not only incorporate these into their investment policy statement into their screening process but to really benefit their participants and that's why we're all here at the end of the day that's great here at Capital Group very fundamentally driven and are investing approach compared to obviously a passive vehicle which is not going to be. Do you feel like these two strategies can both coincide or fill a role an investor's portfolio side by side. Yeah I mean I do think you're certainly better off being invested. Even if it's in a broad market index than having your assets sit in a stable value product or in cash in a in a checking account or savings account so yeah yeah I do think they can coexist and and certainly within a portfolio context. There's an opportunity to think about broad cheap exposure through an index strategy as a complement to managers that you've got confidence in and doing better than the market might reduce your overall costs of implementation but at the end of the day we always think that we can do better as well and why settle for the market average but it's come to the topic of retirement. Now demographics are shifting. Obviously folks are getting older and the aggregate aggregate what does that mean for investment strategies obviously a strategy that was focused your youth or accumulation phase me not be appropriate as you age and approach retirement airmont. What are some of the factors folk should be thinking about as they get to their golden years in life and what are some of the investment strategies they should be looking at? Perhaps as you get closer through to retirement. We've got to be focused on lower volatility less risk even within your equity portfolio so not just reducing it but less risk within that approach you might also want to think about what level of guarantees might be available to do. You have a pension or not and if you don't maybe want to analyze your your basics of your retirement income needs the housing and healthcare costs and food the things that really the basics and look at how much of that is covered by social security thirty and maybe think about some level of guarantees or some level of annuities Asian to get the basics covered and have the rest of the portfolio cover. Your lifestyle needs your legacy goals that you may have for the next generation or philanthropic commitment and those things can be covered by capital market programs that give you more opportunity for growth growth and obviously you have more flexibility for the volatility that may be inherent in the strategies obviously we're focused on investment returns and and trying to deliver value to our investors but the other side of the equation is contributions as we look at. How do you get to retirement and be successful retirement? Where's the thinking been on? What's an appropriate level of contribution and has that shifted at all in recent years? I do think there are some rules of thumb out there. The basic rule of thumb used to be save at least ten percent of your salary and when you look at an average twenty five year old saving ten percent of their salary in a going along through to age sixty five with kind of perfect attendance for for those forty years that's probably enough but I think what we're seeing now. In most of the analysis that's been done through Hebron other pieces of research social security database and others that people don't necessarily have perfect attendance for forty years in whether it's healthcare issues or job changes lifestyle requirements this family requirements people tend to move in and out of the workforce more often than maybe those perfect forty year cycles and so that would argue for saving a bit more for maybe taking it up to twelve or fifteen percent okay potentially incorporating a match from your employer and that opportunity to save more is going to matter obviously if you can do that early in your career even more at the end because it all gets compounded by the investment returns that are available so that's critical to have the right right portfolio the right investment strategies and the right opportunity to do better than the broad market index to make that retirement as successful as possible and build build retirement security by age sixty five Steve. You spent a lot of time in the industry got a lot of experience different firms and you've also had your hands dirty in the and the research and the data now in my own work. I've noticed that oftentimes when academics or others are studying this industry they'll use capital group or the American funds because of our long on track record going back to the nineteen thirties given your viewpoint of of being in multiple different firms and now coming here what kind of stands out to you most sure definitely definitely for me. It starts with the data you know we've got eighty plus years of history and thousands of different rolling periods to examine so you can be really confident that our data set is solarge enough to separate skill from luck but this goes even deeper than that I mean what's behind the data is the culture itself and the people and it starts with the capital system. We've got a way of managing money that really avoids some of the volatility within the star system structure and having multiple multiple managers each independently with their high conviction positions combined into an overall portfolio with the research portfolio and analysts choosing securities themselves you really do have the the best of both worlds in having high conviction and a long term and diversified approach to managing managing against an individual objective and then you look at the global research scale that we can bring to that fundamental research the hundreds of people that we have spread out across the the world understanding sectors and companies and and a point of view that really may be differentiated around a management strategy or management change and acquisition Russian and so I think about our fundamental research is really an opportunity for us to connect differently third pillar would be we're. We're much more long term. We think about market cycles in and rolling ten fifteen twenty year periods we compensate people on a long-term basis are people are here are much more long term basis in part because we are privately privately held and it's an opportunity for them to become involved as shareholders in the firm and really stay with capital for their entire career and then finally we built partnerships with our distribution partners with those advisors in not competing with them and being directly supportive of their business and how they can help their own end customers achieve their goals and so I think for all of those reasons capital really stands out. That's Great Steve Now. It's time for my favorite part the podcast which is the personal question so today. I'm going to ask you really important. Okay what your favorite sport as my favorite sport not to play away that'd probably be golf but to watch baseball in part because baseball's full of the same statistics that I use in my job and I'm admittedly a bit of a baseball nerd heard about it as it relates to sabermetrics and statistics. How do we analyze like tape example batting you know as a kid growing up there were three three statistics that mattered in batting batting average? Rbi's home runs and those are all important and they're still important but today we've moved beyond on that and actually you can find with Oh. PS which is on base percentage plus slugging a much better metric in defining the value of a batter similarly. I think an investments we've got more data today and we can do better than looking at the one three five and ten we can look at fundamental factors that are much. It's more predictive about future success and that's critical so even in your spare time Steve You've got the brain turned on was the statistics through wants to nerd always a nurse. Thank you so much for your time. We really appreciate it. I appreciate the opportunity. Thanks so much. We're always trying to get better so if you have any feedback including topics topics you'd like to see addressed in future episodes shoot us an email to capitalize ideas at cap group dotcom capital ideas. This is Matt Miller reminding you that the most valuable asset is a long term. Perspective investors should carefully consider investment objectives this charges and expenses this and other important information Russian is contained in the Pun prospectuses and suddenly prospectuses which can be obtained from a financial professional and to be.

Capital Group baseball Steve You fiduciary Matt Miller Hebron cap group forty years ten percent ten fifteen twenty year twenty five year fifteen percent forty year
"investment manager" Discussed on Capital Ideas Investing Podcast

Capital Ideas Investing Podcast

01:30 min | 1 year ago

"investment manager" Discussed on Capital Ideas Investing Podcast

"Or third visit. It's on your eleventh or twelfth visit where you get to triangulate what they said before against against what they're saying now we really get to a different level of understanding and those things don't happen overnight and identifying those differences really matters as well well because the markets are relatively efficient over a relatively short period of time you know Warren Buffett once said in the short term the market is a voting machine in votes votes on sentiment and it tends to move in a herd but in the long run it's a weighing machine ways earnings and what you're looking for. Is your opportunity to identify those changes in earnings the strategic changes that will yield a whole different outcome and separating yourself from your peers who may not have that insight for folks that are on the institutional side of the industry tree. What are the requirements for them? I mean obviously there under the Orissa requirements they have both illegal and and arguably unethical mandate to really be examining their manager selection and investment menu creation processes. What would your advice to these folks be given the research that you've done about how best to go forward knowing what you know? Oh now yeah. It's a really good point. I mean most investment policy statements will outline in a sense the minimum requirements you know this is what we what we're agreeing to do and we're GONNA meet on a regular basis in review the investment lineup but I think there's also as you said the overall best efforts and your intentions engines to be a good prudent fiduciary me that you want examine new thinking..

Warren Buffett Orissa fiduciary
"investment manager" Discussed on Capital Ideas Investing Podcast

Capital Ideas Investing Podcast

12:09 min | 1 year ago

"investment manager" Discussed on Capital Ideas Investing Podcast

"Clearly you have deep experience in the industry. What are some of the trends that you're witnessing right? Now that you think are most relevant when you look at retirement broadly in the US might be easier to come up with a list of things that haven't changed. I mean really the the big trends that have that have shifted are increasing longevity eighty in just the last fifty years we've added thirteen years to expected longevity and many demographers are predicting additional increases in longevity as we go forward. There's been a significant shift to from corporate provided and plan to pensions through defined benefit plan to define contribution and that same shift from responsibilities managed by others to the individual is occurred in healthcare as well when you think about increased healthcare expenses and long-term care extra longevity jeopardy comes with extra expenses and then finally the the focus on fees and transparency and the movement to best practices and understanding what really works six in plan design in automating plans in manager selection all of which has has changed the both of four one k. and the broader retirement landscape Steve. You've mentioned a law to change that the industry is going through right now but folks seem to keep coming back to the issue of fees and expenses and costs. Why do you think that as well tasty matter and they are important consideration with requirements to focus on reasonable fees and reasonable fees for the value that is delivered fees are Dr Direct deduction from results but you need to unpack fees and look at what you're paying for versus what you're getting with a focus on the long term outcome outcome for the participant? Let me give you a couple of examples. When you think about asset management you should look at asset managers sometimes on a gross of fees basis before fees his because interestingly there is a skill attributable to active management and our groceries basis active management can add value? Oh you part of the problem is is that they charge too much in the aggregate across all the industry for that value that they're creating so if you're focusing on the Lo fi eh active managers you've got a much better chance of having that active manager do better than the broad market index so these guys are uncovering value. They're just charging too much for for it and many of them are so if you're focusing on the Lo fi group and within that Lo fi group those that are more skilled that will give you an opportunity to do better biggest skill is what attracted assets possibly in the first place which gave them the scale to lower their fees so interestingly. There's a little bit of a skill inference what's inside that fee question survival of the fittest yeah dynamic exactly so what we're focused on his finding the managers who were more likely the the not to do better than the broad benchmark index and fees is one contributing element to that but it's not the only one we'll talk about some of the other factors as well l. but it's also important to consider what's my outcome for the participant at the end of a full market cycle on a net of fees basis and with passive management typically. What you're getting is the market returns minus whatever fees you're charging for that service and with inactive management you have an opportunity community to produce excess returns to the market so that in a sense your fees are already covered so I think it's really critical to not just look at fees? He's but to look at outcomes and look at the opportunity within investment management to do better than the broad market right now. I know you've done a lot of research on the process I selecting investment managers and that's really something that folks should be looking at given the importance of investment returns to the success retirement can you maybe speak a little bit about how every basis acis point really counts and then maybe talk to us about that research that you've been doing on manager selection processes yeah. We've been focused on it for the last five or six years. We did a A big overall study on active management which active managers did well and the number one question that we got at the end of that was how do I choose them so we went out and talked to the plan sponsors talk to consultants and ask them for their input on the factors that really mattered and then we tested each of those factors independently and and then in combination to look at their value and we found three primary screens I as I mentioned before was fees then manager ownership which is actually the managers direct investment in the fund that they manage third is a focus on downside capture or being more downside resilient in your management style l. and then there are three additional screens being privately held versus publicly traded focus on long-term and a disciplined approach and having a high survivorship from the fund management perspective and then having a longer term orientation overall both in terms of the team itself the compensation structure for the team and their ability to manage and have a lower turnover approach in the actual security selection insecurity trading. Let's jump into the second factor that you had mentioned was manager ownership Berko investment alongside participants and investors key. Maybe speak to why that's a an important factor that investors in plan fiduciaries and investment professionals should look for as they're looking that building an investment manure selecting investment manager yeah absolutely we were pointed in the direction by the folks at Morningstar they've included manager ownership in their stewardship grade for years and when we did the analysis in two thousand fourteen I was really surprised by how powerful it was manager ownership which is a manager's direct investment in the fund that they manage has been required to be released once a year by the SEC since two thousand four and it turns out. It's a really powerful indicator of the degree of alignment. It and I don't think it's because a manager has a million dollars in the fund that somehow they're working harder. I think it's an important ability for manager ownership to identify the fun cultures that are more aligned with investors. Yeah it's hard to imagine a stronger vote of confidence in your investment philosophy or your process than having having your own money in there as well yeah absolutely we've believed in culturally a long time I remember in fact I found a brochure from about thirty years ago and one of our former PM I'm said of course I have my own money and my family's money in the funds that I manage wildwood. I put it anywhere else and that seems very commonsensical but it gives you a direct mathematical expression of the degree of alignment with the end shareholder and it turns out to be really valuable and choosing the right kinds of investment cultures. That's great. Let's turn now to downside protection downside focus. I know that this is somewhat not in vogue right now. Given we're in the midst of a very long bull market one of the longest in history tree. Everybody tends to focus on the upside. Everybody wants to talk about returns not so much. About how much can you protect me on the downside can you maybe elaborate absolutely you know. Avoiding losses is always a good idea and it's particularly important when you think about how styles tend to repeat over cycle since so what we found is in looking at managers that had strong downside protection and we measured that through a number of different variables including downside capture downside is particularly important for folks that are older perhaps in retirement and where they're more sensitive to market declines that right yeah absolutely critical when you think about sequence of returns and downside volatility withdrawals or pending withdrawals really the exacerbate that volatility so if the market's down twenty percent and you're also taking five percent out of the portfolio every year to retire and live on your portfolio's actually sleep down twenty-five percent and so it has that much less available to experience the next leg up in the market so focusing on downside protection particularly matters as you're moving into retirement when sequence of returns really matters and when you're taking money out of the portfolio Steve One of the factors you had mentioned was corporate structure or the ownership of an asset manager that there is a difference between publicly owned firm and a privately owned firm. Could you elaborate on that point sure yeah the hypothesis was that privately held companies might be better situated to attract and retain and create a positive investment culture and we do think that a lot of that comes from that ability to attract and retain tain talent over the long term. We think there's also a value in being privately held around less agency conflict around compensation considering a publicly traded traded environment. You've got to pay not only the PM's but their shareholders so having two groups to compensate may mean slightly upward price pressure on fees and in a privately held company the PM's are the shareholders so we do think matters fewer mouths to feed absolutely to be more focused on the long term value that can be created through lower fees as opposed to you know meeting the quarter to quarter requirements Wall Street of increasing revenue stream which may or may not be in the best S. interests of London shareholders. It's hard to have a long-term view when every three months you have to go in front of the cameras and go in front of investors and kind of justify what you've done. We think that's part of it. That's that's great. Let's turn to the next factor sure. Survivorship bias is a big issue in manager selection so if I'm looking at the results say in two thousand sixteen and I want to go back doc all the way to two thousand six and I'm looking at that ten year period if I'm looking at the people that are still in business in two thousand sixteen I have massive survivorship bias. I'm looking at the winners those that haven't gone out of business those that are still offering mutual funds and so we account for that by adding back in all the dead and merged funds into our data set but one of the folks on my team came to me one day and said I think there's a signal in here as well and investors could identify the managers that more frequently frequently launch and close funds they could do better by not choosing those managers and that's something you just wouldn't have noticed unless you're kind of down down and dirty and I've been doing this a long time and this is the first time that I've seen survivorship itself uses a signal to choosing better managers okay because one of the things that we found is that low survivorship companies tend to do it again so when they make those changes emerging a fund or closing a fund you've got to Change Change Your plan lineup. You've gotTA communicate to participants you actually have to make some additional adjustments and so you save all the administrative time in plan management spent in avoiding those changes in the future by choosing companies that are more disciplined more long-term and frankly think twice about doing something before before they launch it as opposed to launching it can just see what happens. It's like the old measure twice cut absolutely yeah. It's definitely applies to invest in. We love hearing from our listeners listeners so keep those reviews coming. Tell us how we're doing by reviewing capital ideas on. Let's talk now about long term orientation. I know that there's a lot of different trains of thought in the industry. Some folks are moving to the very short term approach with program MC trading algorithmic trading had trends that are moving closer to the physical presence of the exchanges changes to get a couple of extra microseconds down the wires and then there's a camp that's continuing to kind of focus on the long term the deep fundamental research which capital group falls into into can you speak to this dynamic. Please sure I mean there are a number of different ways to approach the market and there are different disciplines and approaches and as you mentioned we would certainly fall all into the the more fundamental camp and there's a there's a cohort of managers who would do that. We're looking for a longer term approach to differentiate themselves from the market and have a time-tested approach. One of the real benefits of looking at us in some of these other managers have been doing it for fifty sixty years. Is You have a deep data set in looking looking at results that have been revealed over different market cycles different market environments different strategies different asset classes and a fundamental approach of kicking the tires meeting management teams really understanding their strategy in a real way and you know it's one of the analysts I talked to give us a great anecdote he goes. You don't don't necessarily understand the company on your first second.

investment manager Lo fi group US Steve One wildwood Morningstar London SEC twenty-five percent fifty sixty years million dollars thirteen years twenty percent five percent thirty years three months fifty years
"investment manager" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 1 year ago

"investment manager" Discussed on Bloomberg Radio New York

"CI investment manager services determination and operational strength for both essential factors for growth and asset management I'm Steve Meyer president as a message manager services we know the destructive forces great opportunities around the world if you see potential in change our industry specialists will maximize as that our risk management global investment operations comply support investor services business success come grow with MCI investment manager services you lead the charge in a competitive marketplace learn more at S. C. I. C. E. dot com slash sees change imagine being fired because of who you love imagine being denied medical treatment because of who you marry imagine being a victim because of who you are millions of Americans don't have to imagine this they have to live it because in thirty one states it's legal to discriminate against the L. G. B. T. people get the facts and beyond I do dot org brought to you by the guild foundation in the ad council it's like the best one every day time is fine the company one in order for one hundred single aisle planes Bloomberg best president trump discuss the latest news weekday evenings at five eastern on Bloomberg radio Bloomberg the world is listening broadcasting live from Bloomberg interactive brokers studio in New York to Washington DC over ninety nine one two Boston six one does entrances go over nine sixty to the country SiriusXM channel one nineteen and around the globe and Bloomberg radio dot com this is politics policy power this is Bloomberg politics policy power.

president Bloomberg New York Boston SiriusXM investment manager Steve Meyer L. G. B. T. Bloomberg interactive brokers Washington
"investment manager" Discussed on WHAS 840 AM

WHAS 840 AM

04:10 min | 1 year ago

"investment manager" Discussed on WHAS 840 AM

"I've had clients who have come over from banks not to pick on banks. But when I'm walking when I'm talking with the client and doing a comprehensive financial plan where truly every part of a client's financial situation is reviewed and you, you see that I'm a website on under under the financial planning headline or the heading. I will find out that their banker never talked to them about life insurance. Long-term care never walked them through the what if, if that risk came to you alternate for Russia. Well, how can you say your comprehensive if you didn't talk about or didn't provide services, such key areas of clients financial life? So. So I'm always a maze when you hear and see where advisors and firms, they say, we're comprehensive. But then I talked to perspective, clients clients, and they say, well, they never talked to me about, you know what my mortgage rate is they never talked to me about insurance long term care life insurance. They never talked to me about any of that stuff. They just did this one particular service. So when you hear a financial adviser a financial institution, an investment firm, whatever, whomever they into the is, when they say, comprehensive test them on that make sure that they truly are comprehensive differences between a financial advisor investment manager. So I get this a lot, and then how to how does a financial planner fit in? So a financial advisor. If you look at the regulations, basically a financial adviser, someone who gives you financial advice in a specific situation, or specific area of your finances, an investment manager someone who you have hired to be the manager of your dollar. So what it comes down to is, does the person have discretion. So when you hire an investment manager, basically, you have agreed to turn over X amount of dollars and let them investment manager make those decisions for you based upon the asset allocation in the investment objectives that they've set forth on the account. They are using their discretion. They're deciding what stocks bonds, mutual funds and exchange-traded funds to purchase how much in what quantities, etc. They're using their discretion. Most financial advisers. Do not have that discretion what they do is they say Todd. You're the client. I'm going to call you have an idea. I think you should utilize this mutual fund for this cash even the account. What do you think an essay? Okay. I've made the decision. Okay. So they've sold me on the mutual fund, so I have made the decision. So the difference between general financial advisors and investment managers is that financial advisers typically are product, oriented, and you as the investor make the decision on whether or not to buy or sell a particular security, you're holding in your account and investment managers turned the discretion over to that person. And they're making the band sell decisions and reporting back to you on a monthly quarterly basis as to the holdings in the account meeting with you regularly. So there is a huge difference there between who has discretion and who doesn't, and ultimately, it's a liability issue too. Because when you hire an investment money. Manager investment manager or money manager, they have the liability because they're managing the money for you. And if they don't do it in accordance with the asset allocation, the investment objective, Yussef fourth on the account, there's issue. But sometimes financial advisers, if you've said, hey, I'll that mutual fund. You made the decision, maybe there is not as much liability on the shoulders of the financial adviser, because they got your permission to make the purchase or sell. How to planners fit in so financial planners, basically the quarterback of the team, the financial planners winding sitting there saying, okay, the of looked at the entire financial situation of this client had value system discussions with this client and know that they want to, or they don't want to leave a wealth transfer to their kids or grandkids, a no. They want to or don't want to deal with educational planning for children or grandkids. You know, I know they need in a plan or need to update it, they've looked a.

investment manager advisor Russia Todd Yussef
Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone

Bloomberg Businessweek

04:54 min | 2 years ago

Brookfield to buy most of Oaktree to build juggernaut to rival Blackstone

"Brookefield agreeing to buy a majority stake in Howard Marx's oak tree again to very well. No names Gillian tan senior reporter for Bloomberg. She has been all over this knows this space better than anyone. So Jillian as you guys have unpacked this deal. What really jumps out to you. I was lucky enough to speak to Howard marks. And Bruce flat this morning, the CEOs of fulfilled and oaktree one key point that jumped out was that the driver behind this transaction is an ability to serve clients. So if you think of L pays for those who want familiar sovereign wealth funds, pension funds endowments, they're looking to park money, billions of dollars massive checks with fuel manages. So if you step back and think what does that mean people looking to put five ten maybe fifteen twenty billion with fuel manages, folks. Like Brookefield sat back they realized they didn't have the capability until now to be able to meet some of the mandates. Bruce, flat told us we have difficulty meeting the street terms of some of these mandates and very few firms in the world would be able to do that. And the combination should be quite powerful. If you think broadly, really only black started, or maybe even black rook, maybe those would be among the groups able to provide an all service one stop shop. This combination is really sort of changed the game. Yeah. I mean, it is amazing. I'm so glad you brought up those other names because up until this point you we've been in this mode where and you've written a lot about this Blackstone has essentially been putting a lot as fates between itself. And everyone else Brookefield has always been there for them as a real estate competitor. But now this really is you say changes the game. Yeah. Absolutely. So Brookfield recognized that it didn't have a distrust credit capability trade. That's been it's bread and butter for years. And interestingly enough, we go to hold from memory that how it sent to invest is saying that they would only ever do a deal with someone where they were able to maintain autonomy and that such a deal they thought to be quite hard to find he wrote that in two thousand and two seventeen years later, he's found a by that fits so tell us more about if you can't talking to them and sort of the vibe that you got from these two guys because again, these are two very powerful personalities. In a powerful personalities. I should Bruce latte. Not the most powerful personality. He's so understated in a lot of ways did you glean from that conversation? Yes. I gleaned one interesting thing that Brookville Mattia perch up Taiba, we're trying to get a little bit more information about how it actually came together. The other thing that they both reiterated is that there is very little overlap in their businesses. They don't expect to be competing on deals. They think it's purely complementary. I think that was one word that they reiterated again, and again, so I guess they're they're broad cell is that they don't expect to be cross selling too much between investors that they already have because they already have relationships with so many of the biggest investors, but it's more being able to provide a one stop shop solution to these groups. The other interesting thing rewrite today about these regional men and another Bruce Bruce cash is that all three of billionaires. And now they're all end up one central roof. So I'm curious how Thomas has Howard marks Romy. So interestingly super tournaments, they're running all the businesses. As is nothing's changing. No, branding, all the funds all the fund heads. Everyone. Just stays as is. It's just a case of a big client who comes in. And we say, well, we can offer you this real estate Brookfield and whatever else we can offer you distress debt. Right. And that's the whole idea. Exactly. So one example how it provided? He now co this morning. He said an LP will hire an investment manager and say, we're interested in these eleven strategies, he's X billion please put the money to work, and it helps to have a broad menu. So how'd previously didn't have big real estate big infrastructure? Right. So do they have to do? They have to add anything else is there. Another acquisition may be coming. The acid offering for these two. I think not I think they're all set. One other thing we we pushed out another story recently this afternoon that just shows that more deals may occur in the industry as sort of Brookfield at our trees now much smaller rivals KKR, Kyle upholster Aries. Maybe thing we need to do something bright because all those stocks moved up in the aftermath of this. It's so fascinating. This story is far from over and really, Jillian as you very rightly point out in his you point out in several stories mentioned on the terminal all among the most read is a game changer in the alternative asset business, really in the broader investment businesses. Well, Brookefield and oak tree getting together. Always get to catch up with you here where we're seeing steals happening where everybody else kind of wakes up all of a sudden, whether it's the financial industry or other industries, we're seeing a lot of

Bruce Bruce Brookefield Brookfield Howard Marx Jillian Bruce Latte Brookville Mattia Gillian Blackstone Bloomberg Reporter Kyle Upholster Investment Manager KKR Thomas Two Seventeen Years
"investment manager" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:47 min | 2 years ago

"investment manager" Discussed on Bloomberg Radio New York

"Volunteers like you and me the league has been helping community volunteers. Find and fix water quality problems for almost fifty years with simple tools that produce results you can use to test. Streams for pollution to get your friends and neighbors involved and to help protect streams where we enjoy the outdoors to get started. Visit I w L A dot ORG today. That's I w L a dot ORG. When it comes to parenting. There are no perfect answers. But that's okay. Because you don't have to be perfect to be a perfect parent. Teens in foster care will love you just the same. For more information on adoption, visit adoptuskids dot org. A message from the US department of health and human services, adoptuskids, and the Ad Council. These change to launch new strategies ad distribution channels or exploit new technology to reengineer. The investor experience are often rewarded however in an industry paralyzed with complexity do you act with agility or decisively fewer on their businesses strategically yet the most competitive managers in the market, no with the right partner and a flexible operating system, you can go boldly toward change with SEI investment manager services. I'm Steve Meyer, president is investment manager services at SEI. We understand the emerging forces that will define success for asset managers and what firms will need to compete tomorrow. That's why we continually optimize SEI's global operating platform. If your business requires greater agility, our Vance technology, integrative best in. In class systems and multi asset expertise can be your catalyst for business transformation. We SEI investment manager services, you lead the charge in a competitive marketplace. Learn more at as he is E dot com slash CS change..

investment manager Steve Meyer Ad Council US department of health partner president fifty years
"investment manager" Discussed on The Meb Faber Show

The Meb Faber Show

03:21 min | 2 years ago

"investment manager" Discussed on The Meb Faber Show

"Engage in this program because we like it to be worldwide. Right now, we're just happy with nationwide and their colleges and universities from public private from the top little down to a lower level and everything in the middle, the ideas to reach and every possible. Chasm of this country defined these women, their freshman, sophomore in college, who would never have heard of. The asset management industry, whether it be equities fixed income real estate and lure them in and so that they can tell their friends, they could go back after they do a summer with girls who invest like our first three years ago, I intern, she went on to get an internship the phone summer so that she was with us the summer after her freshman year. She was nineteen and we would never hire anybody that young if it weren't for this program, we told her as much as we could. She went to work for another investment manager the following summer. And then again, by the time she graduated, she was so higher -able and asset management industry. And if she chooses to go to business school, even her human capital go up even higher. But we had to do this. There was no other way, but to cede the pipeline because the NBA classes at ready have a minority of women, they were going to technology or they're going somewhere else. And this is a fantastic industry for women, and it's very difficult to provide the types of excellent or the excellent performance clients demand. If. I don't have a very diverse group of investment professionals and gender. Certainly, one of the important criteria to define diversity of academic research supports that women are in general better portfolio managers anyway. So it's, you know, it's funny did something I tweeted about. I had publicly couple months ago as I was actually really struggling with this topic where I said, you know, I don't have any answers, but I said, I struggle there's really a lack of particularly the Quant world. So it's like probably even even more so the certainly lack of female representation. I don't have any answers. I don't really know what to do about it. Part me the time being depressed about it. Part of me says, I don't know how to solve it. I think it's almost part of a the whole challenge, the behavior in education gap in investing in general, and that's investing. I mean, personal finance to is long in something that we really struggle with, and it's not something people teach in high school, or you know, often some colleges they do if you're in the finance discipline. So. Good answers, but I'm glad to see someone's tackling very cool Pat on the back to you guys, we've held you long enough. We got to start winding down with a question. We ask everyone that's been on the podcast in the past year in that is if you look back in your career and even pre career whenever it may have been, is there something that sticks out as the most memorable investment for you personally or trade? It could be good. It could be bad. It could be a stock. It could be something, whatever. Is there anything that kind of pops to mind as the most memorable investment you've ever made? And I don't even have to stay on that one that was starting causing thousand one. It was terrifying. I didn't understand cash burn until I was in the middle of it on fire. We, it takes so much courage to walk away from a will, paying high paying job and people who are on you..

investment manager NBA intern Pat three years
Hamas and Israel ceasefire talks

All Things Considered

05:17 min | 2 years ago

Hamas and Israel ceasefire talks

"Not also the dipping unemployment rate has made it harder for some manufacturers to fill open jobs. There are very few employees available to hire right now and those that don't have jobs either don't want them or are not hire those stories after this news. Live from NPR news in Washington I'm Jim hawk in south western. Virginia residents of one hundred fifty homes remain evacuated as thority check out a rain-swollen damn to Mitchell Lindbergh's director. Of water resources says the dam is currently stable but he's asking, people who were evacuated to stay out of their. Homes until there's dry weather we want to get past this weather, system is coming up before we allow people to return to their homes but once we get past. That, and determine the dam is safe we will prevail out of an abundance of caution we will be providing a twenty four hour seven day a week continuous monitoring of the dam just. To. Be sure that it's safe out of an abundance of potion again the college lake dam began overflowing Thursday when heavy rain swept through the region. In Gaza the Islamic group HAMAs says it's holding high level talks about a possible cease fire with Israel NPR's Daniel estrin says it's aimed at ending months of Violence HAMAs says it's holding a major meeting of its. Political leadership in Gaza including some leaders who are based in other parts of the region indicating the seriousness of. The talks a HAMAs website says Egypt has brokered efforts to reach, a ceasefire with Israel it's also attempting a reconciliation. Between HAMAs and the rival Palestinian Authority government in the West Bank, and trying to ease Gaza's humanitarian crisis which includes water and electricity shortages Israeli officials said Prime Minister. Benjamin, Netanyahu cancelled a trip abroad he's reportedly discussing the talks with his cabinet Sunday meanwhile there were renewed Palestinian protests at, the fence separating Gaza and Israel Palestinian health officials say Israeli troops. Killed. At least one Palestinian Daniel estrin NPR news Jerusalem A federal judge in New York. City has dismissed to lawsuits against Fox. News channel over its botched coverage of the death of a young, Democratic Party staffer named Seth, rich as NPR's David. Folkenflik reports, the judge said the plaintiffs failed the state of valid. Legal claim FOX's story alleged that, an FBI, source and a private investigator working on the case had found evidence Richard been linked to the leaking of Democratic Party emails during the two thousand sixteen presidential campaign and suggested his death might. Be related to the, leaks the private investigator is rod Wheeler he'd been hired. By Dallas investment manager intent on rebutting official findings that Russia had the emails hacked to help candidate Donald Trump Wheeler sued saying FOX, put words in his mouth FOX. Withdrew the story, after an, outcry the, judge said Wheeler could. Not avoid his own role in quote perpetuating a. Politically, motivated story not having any basis in fact the judge dismissed the second lawsuit by, Seth, rich parents they intend to appeal David Folkenflik NPR news New, York On Wall Street Friday stocks closed, up after a solid jobs, report the s&p five. Hundred index, gained thirteen points the Dow climbed one hundred thirty six. The NASDAQ composite up nine points, this is, NPR news Houston's police chief says. A man accused of killing one of former President George h.w Bush doctors killed himself when confronted by police, authorities say sixty two year old Joseph James Pappas died from a single self inflicted shot. Friday morning he'd been the subject of an intense manhunt since July twentieth the pro football. Hall of fame in canton Ohio will. Enshrine eight new members on Saturday from member station w. k. SU Kabeer body I reports it's a class that's. Generated interest both on and off the field wide receiver Terrell Owens will not, be in canton for, this year ceremony citing a perceived lack of respect for having to wait till his third year of eligibility Ray Lewis Welby there. Honored for an impressive seventeen seasons with the Baltimore Ravens but during his career he also pleaded guilty to obstruction of Justice in connection with the. Stabbing deaths of two men during a Super Bowl after party the senior committee this year selected. Jerry Kramer who played for the Green. Bay Packers team that won the. First two Super Bowls Robert doctor doom Brazil rounding out this year's class are linebacker Brian. Urlacher receiver Randy moss defensive back Brian. Dawkins and executive Bobby Beth for NPR news I'm Kabeer Bhatia in canton Ohio eight places in Portugal broke local. Temperature records Friday as a wave of heat from North Africa swept across the, Iberian peninsula forecasters are, predicting the scorching temperatures could get even worse over the weekend temperatures built to one hundred thirteen degrees Friday and many inland areas. Of Portugal and we're expected the top one hundred sixteen degrees in some places on Saturday I'm Jim hawk NPR news in Washington Support for. NPR comes from the Lemelson foundation committed to improving lives through invention in the US and in developing countries and working to inspire and enable the next, generation of inventors more information is available at Lemelson dot org and the Robert. Wood Johnson foundation at RWJF dot org.

NPR Gaza Hamas Jim Hawk Israel Washington David Folkenflik Investigator Israel Npr Seth College Lake Dam Democratic Party Virginia Portugal Mitchell Lindbergh President George H.W Bush Canton Ohio FOX
"investment manager" Discussed on WJR 760

WJR 760

04:57 min | 2 years ago

"investment manager" Discussed on WJR 760

"The difference in financial advisors in, this industry let's listen you have an investment manager you don't have, a financial planner And I think. There's a big difference between, that but everybody calls themselves a, financial advisor so, I, think that. One of the things that happens in our industry. Is the, people, are, confused, wolf financial. Advisers. A. Financial adviser is, a financial advisor but he's the same right they'll have the same term advisor but it's not the same right and we don't make. It easy. As an industry no we. Don't have a lot of terminology And a lot of, language that does imply one in. The same but there are subtle differences. So your your first question to yourself and your, family is what type of partner relationship. For our financial life do we want we want the comprehensive approach than we need someone that leading, the, financial plan. And that includes performance includes the investment, management if you are, looking? For someone just to do your, transactions because you are interested. In. Buying and selling stocks that's not a comprehensive financial. Plan, that's a transaction aspect of your investments There's a, lot to it right I. Think it's one of those things where people, they just don't know what they don't know. And they don't, know. The difference and that's why I think it's important to do your homework to get, out and to interview, people and I think that a good, advisory firm or good. Advisory team is going to be. Interviewing the people that are coming in to talk to, them to say are you the right fit can we deliver what you're looking for as well. As opposed to saying here's our product here's what we can do if I think if somebody. Leaves with that you should get up and leave the room that's my opinion right so if is, an investor and you want someone that's gonna do right by you if that's your goal, which most for most of. Us says ambassador speaking miss off that's exactly what I'm looking for I want someone who's going to do right by Nate but? I also want someone that's going to run the race with me for the full duration if at all possible teaming helps. Helps make that possible because that's a contingency plan onto itself there is more than just one individual that is, helping me and my family with. My financial life and there's always somebody That? I can reach that can help me with whatever, I'm working on at, that moment in, time whether it's planned or. Unplanned it's not just one individual I think, that's important to a lot of investors today. That are taking, that. Intergenerational approach and that teamwork approach that's extremely helpful the other thing to recognize is, that you're continuing to, learn and financial literacy can be further, developed so we shouldn't. Be afraid of what we don't. Know and be comfortable with an expert and recognize that, we don't have to be an expert to hire one do you have to trust them and. You have to gain that trust overtimes they have to earn that and they should be educating. You in a coaching manner so you have that comprehension and if they're not then maybe that's not. The relationship for you You know it's interesting you say that because we deal with a tax code, that's over seventy six thousand pages we deal with a an estate planning nightmare you, know how you transfer money. To the next generation insurance has just a mountain of rules the investment side of it is Uber complex and each one of those touch each other and people want to see well isn't there a book I can read, the content me how to. Do this and the reality. Is no there's not right you mean you've got to have an there's not one person that you're gonna work. With that's going. To be able to know all the answers to all of those different aspects I think that's where, you're saying the team approach is really critical because you've gotta have the subject matter experts in the estate planning in the tax area in the investment side and. The overall planning side you've got to have that team together because one person can't do it all current, and I think that's advice an investor should take too. Because there's a lot of do-it-yourselfer is out there, and I'm not saying that's a bad choice For the individual. As your life becomes more complicated and there. Are others that you have responsibility for you may find. Having someone that can run with you. And help you put that roadmap forward you actually be able to maximize your resources more, than you ever thought possible, so, not only can you? Be creative but you can be wise and how you, deploy and build your capital, always make sure. When you're talking to somebody that you, know what questions need to be asked and answered. For you especially those of you listening right now that are within earshot of retiring was. Say the next five to ten years or you're already retired and this checklist that we have is called retirement plan checklists and it's eight base Dan chronological so the checklist doesn't stop the day that you. Retire in fact that point in your life is like halftime you've reached the pinnacle, of being able to retire. Now what you've gotta do is make sure that you stay retired and do it successfully if you've saved five hundred thousand For retirement I implore you to call right now request, the retirement plan checklist it's something..

advisor investment manager Us partner Dan Nate ten years
The Real Growth Numbers to Watch in China

Biz 1190 Overnight featuring Bloomberg Radio

03:50 min | 2 years ago

The Real Growth Numbers to Watch in China

"Bloomberg radio plus app and bloombergradio dot com roundup trade tensions failed to make a significant dent in china's economic expansion in the first half even as growth edge loa correspondent john mckenzie joins us from beijing tom good to see and the key takeaways i love what am live said or the t live teams that there's a little bit of something for everybody the headline fixed investment retail sales what stands out for you mckenzie takeaway with the team really there's no sense of panic from this data at least for china's policymakers but equally no room for complacency so the second quarter gdp print we don't wanna invest too much time in analyzing that given the statistical issues here in china but i came in at six point seven percent marginally by six point eight percent we go in the first quarter the government's target is six and a half percent really juicy stuff is eight around those industrial output numbers as you say it does turn out that was a disappointment six percent versus six and a half percent retail sales of optimism they're coming in better than expected up nine percent that was on the back of some pretty weak numbers in may so suggesting that the strength the optimism the chinese consumer is holding up and then you fixed asset investment that came in line with the surveys that we were seeing of course the two key challenges that china's policymakers face the current stages the trade war of course the trade tensions and then of course the deleveraging campaign so how they square those two issues were starting to see now from bloomberg economics at least their analysis is that you're starting to see a tilt towards a pro easing bias from policymakers here and it was interesting to hear from j p morgan's chief china economist grace on speaking earlier she was saying the exports actually we're pretty constructive in the first half china's economy but they're likely to slow as a result of these traits engines that could prove something you've a drag in the second half most economists the consensus is still that you're gonna get around six and a half percent in the second half of this year china's biggest trading partners coming to town donald tusk mr younger they're going to sit down with the chinese this is this could be quite an important piece of fish or as well in the world of trade wars they're coming together today what do we expect yeah well because of the climate really we're expecting to get some concrete results potentially out of this some it's the first time in three years the last two years they've been something of a talking shop they haven't achieved much they haven't had a joint statement we're expecting a joint statement the end the today potentially for the first time since two thousand fifteen we've heard from premier ka we've heard from donald tusk primarily ca thing that they have exchanged but the europeans and the chinese potential agreements around around this bilateral investment treaty sent in the two sides have been talking about for a long time the europeans hoping to get traction on that also the wto is firmly in focus the europeans want to get the chinese onsides reform the world organization tusk saying that it needed to have the tools in place to be able to deal with concerns around industrial policy and around force tech transfer of course concerns that the european shares with the us so if you get any real moves from the chinese signing up for that that would be significant they're also going to be discussing other areas potentially agriculture opening up some market access on is also climate change the green economy so there's a number of issues but it's really the trade tensions in the fact that the trump administration's policies have kind of push china in europe slightly closer together although our main issues do remain between these two sides of course tom thank you very much tom mackenzie their china correspondent in beijing on the data is the head of farmington equities in asia our exit investment managers hong kong studio and the one thing there is something for everybody in.

China Bloomberg LOA Eight Percent Seven Percent Nine Percent Six Percent Three Years Two Years
Bloomberg, Ten Minutes and Eight Seven Percent discussed on Bloomberg Daybreak: Europe

Bloomberg Daybreak: Europe

03:51 min | 2 years ago

Bloomberg, Ten Minutes and Eight Seven Percent discussed on Bloomberg Daybreak: Europe

"In london i may ritchie hitch with this bloomberg radio business flash just over ten minutes away from the european equity market open and it looks like it could be risk back on a europe after we saw some modest declines on the asia pacific index with the hang sang leading the losses after that market came back from holiday playing catch up to some extent your stocks fifty futures higher by four tenths of a percent dax futures higher by seven tenths of a percent cat forty futures pointing higher by four tenths of a percent and footsie100 futures higher by three tenths of a percent or meanwhile us futures look in the s and p five hundred futures up one tenth of a percent in terms of the fx markets although we did see some risk off in the asian session it has really been expressed that much through dalian in fact the dollar is now higher by one tenth of a percent against the yen one eleven spot zero threes where we trade we've got onto that one eleven handle in this session the euro is fairly steady in this session we saw some losses yesterday but it's trading unchanged at one sixteen forty one in cable also not really moving a lotta though it is a big week for brexit one thirty one forty three as where we trade in the fixed income space the ten year treasury yield steady at two point eight seven percent germany's tenured boondi healed up one and a half basis points thirty two basis points in the gilt market opened up in just over ten minutes time looking at the oil markets we've seen wti jump as much as one point two percent in the session we're up one percent now seventy four spot sixty nine dollars a barrel we trade at seventy seven for eighty five on brent that is up some seven tenths of a percent this basically after we've seen data showing that opec output with steady in june despite a jump by the saudis that's your bloomberg business flash sandra kilhof with more on what's going on around the world good morning nara twelve boys and left football coach trapped in a tie cave will need to learn to dive all wait months for flooding to recede before they can get out the group had been missing for nine days before they were found by divers late yesterday rescuers battling rising water to bring more supplies to the group the tire authorities saying they may need food for at least the next four months the most senior roman catholic cleric to be convicted of covering up child sex abuse has been sentenced to twelve months detention australian archbishop philip wilson was found guilty of failing to tell police about the repeated abusive to alter boys by a priest in the nineteen seventies and disgraced movie producer harvey weinstein has been indicted on new sexual assault claims acquainted manhattan's district attorney facing charges of sexually assaulting three women weinstein could be convicted of minimum ten years in prison the maximum sentence of life imprisonment is attorney benjamin brachman said weinstein will plead not guilty global news twenty four hours a day on air net take talk on twitter powered by more than twenty seven hundred journalists and anisimov the one hundred twenty countries i'm sandra kilhof this is bloomberg markus thanks very much sandra now german chancellor angela merkel halted the media threats of a government break up in europe's biggest economy last night she crafted a plan to tighten migration and keep her bavarian sister party this issue in the coalition fold soccer and sabc ceo attorneys investment manager it's still with us in the studio soccer great to have you hey once again in a good morning to you twelve extent does this deal in germany and angela merkel staying in power for sure at least for now remove uncertainty i think it moves it to logic send people underestimate translator markle let us do a contrast between prime minister may translate both have problems within the coalition parties both are studying on faultlines trump solar merckel has has throughout her career showed pragmatism as what is an ability to cross deals and germany needs that the stage and actually europe needs leadership at this stage why does european because actually brexit in.

Bloomberg Ten Minutes Eight Seven Percent Sixty Nine Dollars Twenty Four Hours Twelve Months Four Months One Percent Two Percent Nine Days Ten Years Ten Year
"investment manager" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:31 min | 2 years ago

"investment manager" Discussed on News 96.5 WDBO

"I think some of the some of the things i want to get across is to let the audience know one what what is common across all states what's going on why is this issue it's not it didn't just happen overnight like i want to kind of explain where we are in twenty thirteen with with the issue and what's trending reform i want to get that across to the audience and so that they can have that information as background knowledge on the issue and also how you thought it like if you think that this is going on to someone that you love how do you bought it and what can you do to address it and also i wanna make sure that the audience has information and some resources because a lot of times people don't know where to turn for help and where to find additional information about about this issue well what is the where is the best place for people to turn if they suspect something's going on and you know just want to get that that senior some help and figuring out if there's some assistance they can have i think first and foremost if an immediate danger situation you need to call nine one one you need to make sure that that they that emergency services are located if there is a dire need and there is the emergency and you think that there's real danger the next place of adult protective services start their bathing open up a case and investigate that's what they are supposed to do in the state if you think that they're and if you think that there's something funny going on with bank account and your one the account with the what's the first one call the bank contact the credit card company at one investment manager if you think that any of those accounts are at risk and i think the last thing that people should know if you especially if you if if abuse or exploit station if if those things have happened i be calling to the victim try to make sure and make sure that they don't feel anything but your support so that they don't have a problem in our nervous or scared about talking to investigators about their about their pace here's what he wants you.

investment manager
"investment manager" Discussed on KBNP AM 1410

KBNP AM 1410

01:36 min | 3 years ago

"investment manager" Discussed on KBNP AM 1410

"The most important thing for an individual to look for when deciding on an investment manager well we want someone who can help us we want someone who can understand us essentially are financial dr a lot of people are afraid to be demanding when they find it when it looked for an advisor whether it be a financial advisor dr a carpenter anything and i just advise them to meet with a lot of people and in that process still learn a lot i'll ask better questions and at some point they'll know and then they can proceed here also the author of the new book entitled elevate an essential guide to life and i'd like you to offer some details of the book specifically let's talk about the multiplier effect what is the multiplier effect and why do people need to pay attention that is like the one part of the book where i need a blackboard to draw diagrams but basically everything that we do interacts with everything else so a strength in one area will affect all our other areas a weakness will affect other areas one of the lessons from the multiplier effect though is if we want to make great gains focus on the areas where we're weakest because that's the biggest area for improvement and and whether it's improving your communication skills improving your technology improving your service offering whatever it is it all affects everything else and but i need a blackboard we'll provide one for.

investment manager advisor
"investment manager" Discussed on Capital Allocators

Capital Allocators

01:35 min | 3 years ago

"investment manager" Discussed on Capital Allocators

"Day one guy got hit another one gotta hit puckett end hit home run and the rest was history who's up next i ryan what shave with you well my mom your grandma jane used to always say patience is a virtue and it mostly stay with me 'cause she say that over and over again and she only said it when she wasn't being very patient but it was also kind of funny because i never knew what the other virtues were only knew the patients was virtue as i've gotten older patients comes about in lots of ways so you you have to be patient when life isn't going the way you want you have to be patient and investing you have to be patient with your children so it's one of those things that stay with me for a long time yeah i guess i asked this question of other people because i'm curious what those gyms are and it might be because i don't think i have any but i do read a lot of investment manager letters some of which increasingly are available publicly on the web through through different blog posts but i recognize that a lot of them aren't broadly available so it was a concept you could probably count the number of books that will read in our lives and it's not a large number so i've tried to read other people's book recommendations and only read books that i've seen come up repeatedly as highly recommended by different people from diverse walks of life.

investment manager
Cape Town water crisis: adapting to a water-scarce future

02:21 min | 3 years ago

Cape Town water crisis: adapting to a water-scarce future

"You're listening to all things considered from npr news we've been hearing that capetown south africa could be left without any water as soon as this year well the historic drought has an eased but city officials report that residents have complied with tight water restrictions so they may have bought some time until the taps run completely dry meanwhile as daniele czeslaw reports some wealthy south africans are sinking their own money into finding extra water water fills a square pit cut into the corner of a little front yard today we expect you to about sixty meters sixty meters or about one hundred eighty feet trevor hemmings watches over this process he specializes in drilling boreholes to tap into underground aquifers it's a very similar method that will reach us off shore oil wealth and this towering blue drill looks like an offshore rake except for where it is wedged between a wrought iron fence painted white and the side of a house we had a crane eighteen over the wall to put it in position and weighs about seven tons since capetown's water crisis began business has exploded trebled in size i've got six drilling rigs no matter how many it doesn't seem to stem the flow the ted fills with water and drilling starts a nine foot long steel drill twists in the mud the worst drought in a century has dried up the dams that supplied the city of about four million people the city warned that it might reach days zero when there's no more water to pump two houses people would have to line up for hours at public taps to avoid that residents have to stick to thirteen gallons of water a day or face steep fees this crisis has highlighted the vast divide between the rich and poor coming from work maybe sometimes this late on today's little time i don't think i'll have enough time to go to the to the water that's andrew maher willa driller here he says the driller can make a hundred to two hundred dollars a week this fourhole costs fifteen thousand dollars it's being drilled for fatima is up and her husband sally salaam he's an investment manager she's a phd candidate in law a plastic pipe runs from their laundry machine to a.

South Africa Daniele Czeslaw Trevor Hemmings Capetown Andrew Maher Fatima Investment Manager NPR Willa Driller Sixty Meters Fifteen Thousand Dollars One Hundred Eighty Feet Two Hundred Dollars Thirteen Gallons Seven Tons
"investment manager" Discussed on KOMO

KOMO

01:44 min | 3 years ago

"investment manager" Discussed on KOMO

"Markets and this is the part that people forget because we have had this very longrunning bull market is that you get paid over time it's a kind of difficult concept you make more in view made more money in stocks because you've been taking more risk exposing your capital two companies and some days those companies have greatlooking future is in some days they don't so you've made more by doing that and things don't go straight up breaks you said so that's part of the art of the risk you take by exposing your your money to those capital markets the market does not like uncertainty is that what this is all about well there is a lot of uncertainty about interest rates of course and look you know with with good economic news which feel great because more people are working there is a suggestion that wages will start to go up that may lead to higher inflation that may make the federal reserve raise rates more quickly and that would be hard on businesses because they have to borrow money so it's counter intuitive good news equals bad news for companies in some ways again my perspective would be looked at the longhaul step back take a breath most of us who are moving closer to retirement have significant money in bonds and if you're using right type of bonds you ever they haven't see you very much bumpiness here late late you gotta balance in your portfolio and consider your weekend plans rather than looking at the market on a regular basis you're in investment manager i'm sure you've been getting calls from your clients in the middle of all this turmoil th you're what kinds of concerns survey ev they had and what are you telling them same thing you're telling us well you know i mean here's here's the bottom line is we can't do anything about half of the markets capital markets are volatile in the short term especially so what we tell people.

investment manager
"investment manager" Discussed on KELO

KELO

02:20 min | 3 years ago

"investment manager" Discussed on KELO

"They they had hired a investment manager during the eighties her more of a partner they came on board his name was richard rainwater watering who when day event witnessed any more of a he was very very special investor who probably made more families the will put them into the famously than any other family uh any of the person that in our generation i mean the french family with age and it was all richard so anyway o c so these were all deal guys and i got very interested in they were very very kind to me in a very young age and i go ahead had full access to what they were thinking why they were doing this a mad and then i went to go worked for one of the managers for about five years after college so they and we in the right place at the right time yeah well they they are they had their hands and a lot of different things they took you under their wing yes you know they they trade everything from futures to equity stake who you know very large physician so gives you a really is with a nice place to cut you know uh had a rug or whatever you would like to say and and do a lot of different styles of investing to see uh you know where you you really can take advantage of mark what do you think of he spoke wire investors so excited about facebook well i think that they're very excited about the use your face that uh the company has the ability to be able to distribute different type of products through that type of distribution channel is pretty powerful new really is it's do you see the internet types companies lie like the amazon's getting stronger and stronger i do and where we have for quite some time you know we actually uh we've been guiding the short more re that they've been getting a lot of pain from this phenomenon and we actually pulled the trigger uh they were trading very poorly after the trump rally you should mention george soros i shorting some stuff hits were always short we're always looking for companies that we think will be we can live month the had the maariv certainly start breaking data around the time when trump started getting elected and they've been really a nice hit us.

investment manager partner facebook amazon george soros trump richard rainwater five years
"investment manager" Discussed on BizTalk Radio

BizTalk Radio

01:42 min | 4 years ago

"investment manager" Discussed on BizTalk Radio

"They are not in the money management business every moneymanager that i know is a boring dude or do debt and they sit behind a screen all day long and you you don't talk to him he can't talk to all the most cases he can't talk to smaller firms maybe can talk to the actual persons picking this fox and they have a staff of analysts that feeding them data and they make the decisions you'll as the investment manager are managing the people not the money so think about that when you're sitting down with your financial planner and if they are managing clients and money i would recommend against that because i don't think he can do both trust me i tried what i was a youngster for a few months and i gave up because it's a very very taxing business both on how advisers are like good doctors good financial advisers are good financial physicians good advisers possess the knowledge of finance as good physicians possess knowledge of medicine and good advisers ads of this skill of good physicians asking listening and the fi emphasize icing are empathizing i should say educating and prescribing that's what a financial planner does they don't pick stocks and as i said if they do i don't believe they can do both well i do not believe they can do both well it's like somebody that sells car insurance and and property and casualty coverage and all other pnc business as a very difficult.

investment manager