New investors younger, more diverse

The Wall Street economy is undergoing a demographic shift, with new investors trending younger and more culturally diverse than previous generations, according to a study published by the FINRA Investor Education Foundation and NORC at the University of Chicago. The “Investing 2020: New Accounts and the People Who Opened Them” report, which surveyed 1,291 households from […]

All Eyes on Crypto as Market Opens

Two weeks after GameStop (NYSE: GME) set the hedge fund sector and the entire finance world on edge with a meteoric spike and equally rapid return to earth in January, all eyes will be on the cryptocurrency sector as Wall Street returns from the President’s Day holiday on Tuesday. Like GameStop did last month, Dogecoin’s […]

Wall Street Braces as Trading Resumes

Investors, brokers, fund managers and other finance professionals braced Monday for trading to resume on Wall Street after one of the most tumultuous weeks in the market’s history. The CBOE Volatility Index (VIX), often referred to as Wall Street’s “fear index,” spiked 45.45 percent in January, closing the month at $33.09 after a week in […]

Markets Looking Forward to Biden Era

President Joe Biden’s economic agenda will focus on “building back better,” says Fraser Lundie, head of credit at Federated Hermes, a Pittsburgh-based capital management house with $575.9 billion under advisement. As the week of the presidential transition began, Lundie spoke to Bloomberg News, adding his view that renewable energies would remain a strong investment pattern […]

PCs Will Play Catchup with Apple in 2021

Much has been written about the economic havoc that has accompanied Covid-19. The global pandemic has certainly led to a great deal of upheaval to global markets, but not all the impact has necessarily been bad. Large corporations who have been able to adapt to new spending patterns – think Amazon, Target, Walmart – have […]

Covid Vaccine Could Spell Trouble for Gold Markets

Vaccines against the Covid-19 virus are predicted to be a bonanza for pharmaceutical giants Pfizer (NYSE:PFE) , Moderna Moderna (NASDAQ:MRNA) and Oxford University/AstraZeneca (LON, NASDAQ: AZN), and there is virtually no way to measure the impact the trio of vaccines will have on most global industries. The gold market could be the notable exception. After hitting a […]

Pandemic Conditions Spotlight Human Money Managers

In recent years computer-driven quantitative investing has made human decision-makers look outdated and less successful. That is until coronavirus reared its ugly genome. The year 2020 for many people has been one of tragedy and loss, but for flesh and blood stock-pickers the year proved to be quite profitable. It seems that even for the […]

Former Chief of Staff Raising Investments for New Hedge Fund

Mike Mulvaney, former White House chief of staff under Donald Trump, is starting a new hedge fund. Mulvaney, and his partner Andrew Wessel, need to raise at least $1 million, the legal minimum needed to launch a hedge fund. Currently, Mulvaney represents the Trump administration in Northern Ireland as a special envoy. Mulvaney’s fund will […]

Dalio Endorses Crypto as Alternative to Gold

Founder of the world’s largest hedge fund, Ray Dalio, a skeptic of bitcoin, has changed his mind and now says cryptocurrency should be a part of a well-balanced investment portfolio. The founder of Bridgewater Associates says that bitcoin “could serve as a diversifier to gold and other such store holds of wealth assets.” Dalio has […]

New Asia Hedge Spun Off from York

A new Asia-focused hedge fund with $2.7 billion AUM will be the result of York Capital Management’s move to divest of its hedge fund business. The new fund will be called MY Alpha, to be run by the regional Chief Investment Officer Masahiko Yamaguchi. Yamaguchi is based in Hong Kong. MY Alpha will come to […]