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☆ 2 brothers quit their Wall Street jobs to build ETFs that help everyday investors reach their money goals. They explain how a Ray Dalio-inspired strategy helped their funds outperform the S&P 500 in 2
▼ + stars: | 2023-01-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Brothers Taylor and Brett Sohns have worked on Wall Street for most of their careers. These parameters can be found in what's called the "prospectus," which is a document that outlines the ETF's investment strategy and potential risk. Consider the process of buying cereal, explained Taylor: "Say you want Lucky Charms. The S&P 500 is down about 18% year-to-date, so we're outperforming that by about 5%," explained Taylor. While you may not do exceptionally well, you'll also never do exceptionally bad, explained Taylor: "In a rip-roaring up market, his product and our product will underperform.

The jump was aided by Bridgewater China's raising of 2.7 billion yuan through a product launch in December, said the sources. Connecticut-based Bridgewater launched its first onshore China fund in 2018, and three years later its assets under management (AUM) in China exceeded 10 billion yuan, catapulting the firm past Winton and Man Group to become the biggest foreign hedge fund house in the country. By early November, Bridgewater's onshore China funds grew to roughly 19 billion yuan, Shanghai government data showed. The steady performance of Bridgewater's China funds - mainly targeting wealthy individuals - was highlighted in the hedge fund firm's sales pitch, which was seen by Reuters. Bridgewater's first China fund achieved an annualised return of 15.6% in the four years following its October 2018 launch.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ ‘Principles for Navigating Big Debt Crises’ Review: Charting the Markets
▼ + stars: | 2023-01-06 | by ( Daniel Rasmussen | ) www.wsj.com time to read: 1 min

Ray Dalio’s “Principles for Navigating Big Debt Crises” is the work of a self-taught economist and self-made billionaire. The first 70 pages of the book, in which the founder of Bridgewater Associates introduces his theory of debt cycles, have no citations. He apparently stands on the shoulders of nobody. Mr. Dalio’s education came on trading floors, not in classrooms. “Big Debt Crises” is his response to that challenge: a compilation of historical case studies presented as a trader would have experienced them in real time.

☆ NFL roundup: 49ers clip Raiders in OT, win 9th straight
▼ + stars: | 2023-01-02 | by ( ) www.reuters.com time to read: +12 min

Jones completed 19 of 24 passes for 177 yards and had 11 carries for a team-high 91 rushing yards. Buccaneers 30, Panthers 24Tom Brady threw three touchdown passes to Mike Evans and orchestrated a fourth-quarter comeback as Tampa Bay clinched the NFC South by beating visiting Carolina. Jerick McKinnon caught two touchdown passes and Blake Bell also made a scoring grab for the Chiefs (13-3). Cooper caught touchdown passes of 46 and 33 yards and running back Nick Chubb had 104 yards on 14 carries. Seahawks 23, Jets 6Geno Smith threw two touchdown passes as Seattle remained in the playoff race with a win against visiting New York.

☆ Dolphins QB Tua Tagovailoa in concussion protocol for second time this season
▼ + stars: | 2022-12-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

MIAMI GARDENS, Fla. — Dolphins quarterback Tua Tagovailoa has returned to the NFL’s concussion protocol, Miami coach Mike McDaniel said Monday. The concussion protocol is enacted whenever a player reports concussion-related symptoms, even if he isn’t certain to have a concussion. He entered the concussion protocol after taking a scary hit that knocked him unconscious during Miami’s Sept. 29 game at Cincinnati. He appeared to show concussion symptoms but was evaluated and stayed in the game. The NFL later changed its concussion protocol to mandate that any player who shows possible concussion symptoms — including a lack of balance or stability — sit out the remainder of a game.

☆ The M&A market just went out with a bang after a terrible year, and it could be a sign of good times to come
▼ + stars: | 2022-12-13 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!

☆ Here’s how to invest in the stock market next year, according to Bank of America
▼ + stars: | 2022-12-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

"Once rate hikes bite labor markets, the Fed will pause, and investors should deploy the $1.9 trillion," Bank of America strategists said. With a new normal of elevated inflation, BofA expects equal-weighted stock market indices to perform better than market-cap-weighted ones. How will you adjust your stock market investing strategy for the new year as recession signals heat up? The legendary investor estimated that policymakers may push the benchmark rate as high as 5.5%, which he warned could weigh especially heavily on the stock market. The stock market's recent run is due to fail even as investors are anticipating a Fed pivot ahead.

☆ Wall Street's top commentators are torn on what the Federal Reserve will do next. Here's what to know.
▼ + stars: | 2022-12-06 | by ( Phil Rosen | ) www.businessinsider.com time to read: +7 min

Traders are largely expecting policymakers to make a 50-basis-point rate hike, a smaller move than the previous four 75-basis-point increases. But next week's adjustment isn't what's top of mind for Wall Street's top Fed commentators — they're looking ahead to next year. To Bridgewater chief investment officer, Rebecca Patterson, the Fed would be justified in surprising markets by holding rates higher for longer. Sustained elevated rates are going to usher in dramatic changes to the economic landscape — and former Treasury Secretary Larry Summers agrees. The price cap on Russian oil is "immaterial" and won't make a significant difference on market pricing, according to Vanda Insights.

☆ The Fed could raise rates to 5% and leave them there, and the central bank will only cut in the face of severe economic weakness, Bridgewater strategist says
▼ + stars: | 2022-12-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

The Fed could surprise markets by keeping the Federal Funds Rate elevated for an extended time, Bridgewater's chief investment strategist said. The Fed may initiate multiple rounds of tightening to tame inflation, which poses risks to markets. Only severe economic weakness would justify the Fed cutting rates. "What's not priced in is the Fed going high, and holding," Patterson told Bloomberg on Monday. Sustained elevated rates will catalyze dramatic changes to the investing landscape, in Patterson's view.

☆ Banker bonuses are set to be so bad even the firm's revenue drivers are going to get dinged
▼ + stars: | 2022-12-05 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

A man pauses outside of the New York Stock Exchange (NYSE) on January 15, 2016 in New York City. While they aren't internally announced and paid until early next year, firms are wrapping up discussions about the size of bonus pools that divisions will be able to disperse from. And for many firms, the pools are being resized from Olympic to kiddie. The Financial Times reported Friday that JPMorgan Chase, Citigroup, and Bank of America are considering cutting bonus pools within M&A and IPO teams by 30%. More on how crypto firms are hoping ads can quell trust concerns.

☆ The bubble in predicting the end of the world
▼ + stars: | 2022-12-01 | by ( Edward Chancellor | ) www.reuters.com time to read: +7 min

Former U.S. Treasury Secretary Larry Summers says the world faces the “most complex, disparate and cross-cutting set of challenges” he’s ever encountered. In his wittily titled “The End of the World is Just the Beginning”, the geopolitical strategist suggests that a number of countries from Germany to China face insuperable demographic challenges. The threat to America’s global hegemony from China is the subject of Ray Dalio’s “The Changing World Order”. The U.S. stock market bubble has only partially deflated, bond yields around the world trail below inflation, and global property markets are exposed to rising interest rates. The Assyrian who forecast the world would end in 2800 BC was wrong.

☆ 100 years of stock-market history show the sell-off is likely only half done, says a 30-year market vet who called the downturn. Here are 3 criteria to watch to know when the worst is over.
▼ + stars: | 2022-11-19 | by ( William Edwards | ) www.businessinsider.com time to read: +7 min

Jon Wolfenbarger thinks stock-market investors are still too optimistic that a bear market bottom is coming sometime in the immediate-to-near future. When bear markets occur when valuations are relatively high, the bear markets tend to drag on longer. The median bear market length during periods of high valuation among those listed above is 17 months, Wolfenbarger said, compared to 13 months when valuations are attractive. Given that the current market sell-off began amid some of the highest valuations in history, Wolfenbarger said he expects the bear market to last 17 months or longer. Wolfenbarger's views in contextIn June, Societe Generale conducted a similar analysis to Wolfenbarger's and looked at bear markets over the last 150 years.

☆ Ray Dalio says none of China's new leadership team appear to be 'extremists'
▼ + stars: | 2022-11-18 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Ray Dalio, founder of Bridgewater Associates, received an award from the China General Chamber of Commerce-USA in February 2022. China News Service | China News Service | Getty ImagesBEIJING — American billionaire Ray Dalio said while he's far less familiar with China's new leadership team than prior officials, he expects worries about their future policies are overdone. Here are the highlights:China's leadership reshuffle"I want to emphasize that none of the new people appear to be extremists," Dalio said. Dalio said the leadership changes mean most of the people he knew who were "reformist-globalists" are being replaced. This week, Xi and U.S. President Joe Biden met in person for the first time since Biden took office.

☆ Chinese stocks roar in a comeback, but here’s why big investors remain cautious
▼ + stars: | 2022-11-17 | by ( Seema Mody | ) www.cnbc.com time to read: +4 min

A stunning reversal in Chinese stocks in November has investors once again reassessing whether now is the time to double down on this once-hot market. "Biden's comments that he did not see an imminent threat to Taiwan from China were also noteworthy...," said Chang to CNBC. Investors CNBC spoke to remain encouraged by the country's much-needed reopening but want more evidence to suggest Beijing is easing its zero-Covid policy. The latest third-quarter 13F filings ending Sept. 30 also show several reputable hedge funds reducing their exposure to Chinese tech stocks. These positions may have changed since the end of September, but the data does suggest buy-side investors remain cautious on owning Chinese tech.

☆ Asian hedge funds amassed China's Pinduoduo, ditched JD.com in Q3
▼ + stars: | 2022-11-16 | by ( Summer Zhen | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 16 (Reuters) - Some of Asia’s largest hedge funds scooped up large stakes in Chinese e-commerce giant Pinduoduo in the third quarter while cutting holdings in its rival JD.com, according to their latest regulatory filings. Pinduoduo, the e-commerce platform known for selling inexpensive goods, in September launched its first overseas site in the United States. JD.com ADRs and Hong Kong shares (9618.HK) fell more than 20% each in the third quarter. As for JD.com, it is a pure domestic play with a higher correlation to overall trends in Chinese markets, analysts say. They also say investors could be moving their holdings in JD.com ADRs to Hong Kong-listed ones to hedge U.S. delisting risks.

☆ Republican Sen. Mike Lee faces off against independent Evan McMullin in the Utah Senate race
▼ + stars: | 2022-11-08 | by ( John L. Dorman | ) www.businessinsider.com time to read: +6 min

Utah GOP Sen. Mike Lee is running for a 3rd term against independent candidate Evan McMullin. In the Senate, Lee serves on the Judiciary Committee, the Energy and Natural Resources Committee, the Commerce, Science and Transportation Committee, the Joint Economic Committee, and the Special Committee on Aging. Utah independent Senate candidate Evan McMullin. Republicans have won every presidential race in the state since 1968, often with landslide margins, and the last Democrat to win a Senate race in the state was Frank Moss in 1970. In the 2020 presidential election, Trump defeated now-President Joe Biden in Utah by 20 points (58%-38%), a significant drop from Romney's sweeping victory (73%-25%) over Obama in 2012.

☆ For the Fed to reach its inflation target, it has to get the unemployment rate up, says Bridgewater's Patterson
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFor the Fed to reach its inflation target, it has to get the unemployment rate up, says Bridgewater's PattersonRebecca Patterson, Bridgewater Associates chief investment strategist, joins 'Closing Bell' to discuss the Fed's effort to get inflation under control, the market pricing in discounted interest rates, and the trajectory for monetary easing.

☆ Meet the key people involved in the passing of the torch at Ray Dalio's Bridgewater Associates
▼ + stars: | 2022-11-07 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Co-CEOs of Bridgewater Associates Nir Bar Dea and Mark Bertolini. When it comes to the world of hedge funds, there's arguably no bigger name than Ray Dalio. It's not just the fact that Dalio grew Bridgewater Associates to the $150 billion behemoth that it is today. To be sure, Bridgewater isn't the only hedge fund in the midst of a changing of the guard. The dispute between billionaire Dan Och and Sculptor Capital Management doesn't seem like it'll be cooling off anytime soon.

☆ Watch CNBC's full interview with Bridgewater Associates' Rebecca Patterson
▼ + stars: | 2022-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bridgewater Associates' Rebecca PattersonRebecca Patterson, Bridgewater Associates chief investment strategist, joins 'Closing Bell' to discuss the Fed's effort to get inflation under control, the market pricing in discounted interest rates and the trajectory for monetary easing.

☆ Meet the 11 execs leading Bridgewater into a new era after Ray Dalio relinquished control of the hedge fund
▼ + stars: | 2022-11-04 | by ( Alyson Velati | ) www.businessinsider.com time to read: +14 min

Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Karen Karniol-Tambour, cochief investment officer for sustainabilityKaren Karniol-Tambour, Bridgewater's cochief investment officer for sustainability. Rebecca Patterson, chief investment strategistBridgewater's chief investment strategist, Rebecca Patterson. In 2012, she joined as the chief investment officer of Bessemer Trust, managing $85 billion in client assets. The partnership elected three directors to Bridgewater's operating board of directors, which now has control over Bridgewater after Dalio relinquished control of the hedge fund.

Those returns would come from "great trading opportunities", including placing long and short bets on Chinese equities, said Man Group CEO Luke Ellis, without giving any details. "I think the alpha opportunities in China are very attractive," Ellis told Reuters on Thursday, referring to the potential to generate returns that are higher than market benchmark gains. "We've been able to generate good alpha in the Chinese market. With China gradually opening up its markets to foreign investors, Ellis sees the potential for Man Group to expand its operations in that country when it relaxes its stringent COVID-induced border controls. Man Group launched a Chinese domestic private fund unit in 2017 that currently runs one fund with a macro strategy.

☆ Cash looks better than stocks but worse than inflation-linked bonds, says Bridgewater's Karen Karniol-Tambour
▼ + stars: | 2022-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCash looks better than stocks but worse than inflation-linked bonds, says Bridgewater's Karen Karniol-TambourKaren Karniol-Tambour, co-CIO at Bridgewater Associates, joins 'Closing Bell' to discuss the need for further Fed tightening and the difficulty markets face in trying to accurately price in economic scenarios, as well as the strength of the dollar compared to stocks.

☆ 25 up-and-coming investors, traders, and dealmakers at firms like Apollo, Bridgewater, and JPMorgan
▼ + stars: | 2022-11-01 | by ( Michelle Abrego | ) www.businessinsider.com time to read: +2 min

Each year, Insider highlights Wall Street rising stars. Insider has pinpointed the young professionals on the runway to success even as banks and money managers brace for cutbacks. We scoured our contacts for ideas about individuals to include and received recommendations from bosses, colleagues, recruiters, and financial-industry peers. Insider talked to these rising stars, from leading firms like Goldman Sachs, BlackRock, and Bridgewater, to reflect on their successes, challenges, and best career advice. Also, check out their biggest career mistakes and what they learned from them as well as what they've been reading and listening to.

☆ Carlyle's David Rubenstein on how to invest now
▼ + stars: | 2022-10-31 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

It may have been drawn up under England's King John, but these days it belongs to David M. Rubenstein. To learn how Rubenstein amassed those kind of resources, look no further than his new book, “How To Invest: Masters on the Craft." At that time, there was not a whole lot of investing going on, with his father working a blue-collar existence for the Post Office, living paycheck-to-paycheck. Nevertheless, Rubenstein seems to have done alright, with a net worth currently estimated by Forbes at $3.2 billion. RUBENSTEIN'S ADVICE TO INVESTORS BIG AND SMALLWhen it comes to philanthropy, Rubenstein takes a surprisingly hands-on approach – no foundation, no staff, just him.

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