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☆ Oil edges lower ahead of Fed meeting
▼ + stars: | 2023-06-12 | by ( Florence Tan | ) www.reuters.com time to read: +2 min

SINGAPORE, June 12 (Reuters) - Oil prices edged lower on Monday ahead of a Federal Reserve meeting as investors try to gauge the central bank's appetite for further rate hikes, while concerns about China's fuel demand growth and rising Russian crude supply weighed on the market. U.S. West Texas Intermediate (WTI) crude was at $69.93 a barrel, down 24 cents, or 0.3%. "The bearish allocators will maintain the upper hand for now, as oil prices struggle to rally until the Fed eases money supply," Blanch said. Goldman Sachs cut its oil price forecasts on higher-than-expected supplies from Russia and Iran and raised 2024 supply forecasts for the two producers and Venezuela by a total 800,000 bpd. The bank's December crude price forecast now stands at $86 a barrel for Brent, down from $95, and at $81 a barrel for WTI, down from $89.

Persons: Francisco Blanch, Blanch, Brent, Saudi Arabia's, Goldman Sachs, Florence Tan, Tom Hogue Organizations: Reserve, Brent, . West Texas, Bank of America Global, Saudi, Thomson Locations: SINGAPORE, China, Saudi Arabia, 2H23, U.S, India, Russia, Iran, Venezuela

☆ Here are stocks to own to take the debt ceiling, bond market out of your investing equation
▼ + stars: | 2023-05-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

Are the travails of the bond market, like Macbeth expounds, a "tale told by an idiot, full of sound and fury, signifying nothing?" The billionaire class — so incorrectly sought after by the media — so often seems to use the bond market as a sort of intellectual cudgel. That's why I always start my discussion on bonds with the simple query of "where are the layoffs, not forget about stocks, think fixed income." Here the bond market polices only those companies that haven't pivoted to making a profit. They, among all sectors, could be pummeled by the bond market freeze and by the consumers' paralysis.

☆ 'Big money never buys cheap': Why investors are waiting on Japan
▼ + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

Yet for many, the lofty milestones are a reminder that Japan's stocks have gone sideways for years, making many foreign asset allocators reluctant to venture into the market. "A very significant inflow from global investors (followed)," Powell said, "but then unfortunately, a lot of the enthusiasm has dissipated." Swiss wealth manager Union Bancaire Privée is also underweight Japan, with the policy outlook presenting currency risks. BIG MONEY WAITINGThe policy and communication challenge for new BOJ governor Kazuo Ueda is a tricky one. "Big money never buys cheap, it buys momentum."

☆ Analysis: 'Big money never buys cheap': Why investors are waiting on Japan
▼ + stars: | 2023-05-18 | by ( Summer Zhen | ) www.reuters.com time to read: +5 min

☆ Illumen Capital just closed its second fund worth $168 million to tackle racial and gender bias in asset management using this 10-slide LP deck
▼ + stars: | 2023-05-16 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

A fund of funds investing to make venture capital more equitable just closed its second fund. Oakland-based Illumen Capital secured $168 million to back people of color and women. An impact fund of funds tackling racial and gender bias in asset management has just closed its second $168 million fund with the Ford Foundation and W.K. As a fund of funds, Illumen Capital hopes to solve this by addressing implicit biases. When looking at the data, Illumen Capital found that they had the same revenue marks as white entrepreneurs not considered too early.

☆ Vivek Ramaswamy's firm courts GOP officials as he pushes businesses to stay out of politics
▼ + stars: | 2023-05-12 | by ( Brian Schwartz | ) www.cnbc.com time to read: +14 min

Scott Olson | Getty ImagesRepublican presidential hopeful Vivek Ramaswamy built his White House bid around urging companies to stay out of politics. The messages show Ramaswamy's firm actively engaged with GOP state leaders who have defended the fossil fuel industry and criticized environmentally conscious investment standards. Ramaswamy on Thursday defended the firm's engagement with GOP officials, saying bigger firms BlackRock, Vanguard and State Street have conducted similar practices with state officials across the country. Strive has become one of the more vocal opponents of ESG investing and has gained enough notoriety to challenge the likes of fossil fuel giant ExxonMobil . Ron DeSantis, have often attacked ESG investing standards and corporations that support social causes — an increasingly common refrain within the GOP.

☆ Capital Group expands ETF lineup, including two new international funds
▼ + stars: | 2023-04-11 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

Multi-trillion dollar asset manager Capital Group is expanding its ETF lineup after some of its first funds gained traction last year. The Los Angeles-based firm on Tuesday filed for three new active ETFs — International Equity ETF (CGIE), World Dividend Growers ETF (CGDG) and Core Balanced ETF (CGBL) — under the Capital Group banner. The new funds come a little more than a year after Capital Group — founded in the Depression and known for its American Funds — first dipped its toe into the ETF world. Our new ETF — CGIE — is more of a developed-market focused ETF," Davis said. Meanwhile, the new global dividend fund is in part a response to the success of the U.S.-focused Capital Group Dividend Value ETF (CGDV) , Davis said.

☆ Jeremy Grantham's GMO says now is the time to jump into bank stocks as failures ravage the sector. Here are 2 banks it says are trading at valuations 90% cheaper than historical norms.
▼ + stars: | 2023-03-30 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Big bank stocks have rarely been cheaper, says GMO's asset allocation team. Two GMO is most bullish on are JPMorgan and Bank of America. Financials-sector stocks have gotten hammered in March amid the failures of institutions like Silicon Valley Bank and Signature Bank, and as UBS hastily acquired a troubled Credit Suisse. The eight GSIBs include: JPMorgan, Bank of America, Citi, Goldman Sachs, BNY Mellon, Morgan Stanley, State Street, and Wells Fargo. While GMO said it couldn't comment on which seven banks it likes, it said they include JPMorgan (JPM) and Bank of America (BAC).

☆ Kim Kardashian reportedly earned up to $1 million speaking at a hedge fund conference weeks after speaking at Harvard about her private equity firm
▼ + stars: | 2023-02-07 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

Kim Kardashian was a speaker at a hedge fund conference in Miami on January 31. She reportedly made around $1 million for speaking at the event, an unnamed source told Page Six. Kardashian spoke about her private equity firm SKKY partners. The reality star turned business mogul spoke at the iConnections Global conference on January 31 about her private equity firm, SKKY Partners, which launched in October. "I was happy to see so much support for a female fund manager in an industry dominated by men," Biscardi told Page Six.

MIAMI, Feb 2 (Reuters) - The mood at the annual 'Miami hedge fund week' gatherings this week was as bright as the winter sunshine, with one notable dark cloud on the 2023 horizon: U.S. stocks. But right now in the hedge fund and alternative market investor community, reluctance to get sucked in is trumping fear of missing out. And there is no shortage of reasons why - inflation, weak earnings, squeezed margins, recession, 'higher for longer' interest rates. Despite massive Fed tightening and the prospect of liquidity drying up significantly this year, investors see opportunities out there. This suggests equity investors are betting heavily on the Fed successfully engineering a 'soft landing' - possible, but far from certain.

☆ Anthony Scaramucci says he bought Sam Bankman-Fried a suit for their Middle East fundraising tour and that the trip sparked FTX's downfall
▼ + stars: | 2023-01-27 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Sam Bankman-Fried and Anthony Scaramucci went on a Middle East fundraising tour in October. Scaramucci told Insider he bought SBF a suit so the FTX CEO wouldn't wear a T-shirt with investors. Scaramucci told Insider he bought the then-FTX CEO a suit from Bloomingdale's to help impress investors. "I bought him a suit, frankly, to take him to the Middle East with me and told him he can't dress with a T-shirt in the Middle East," Scaramucci told Insider. "So in some ways, I'm happy that we took that trip because we could still be living in a world of FTX," Scaramucci said.

☆ Wall Street is feeling bearish, but a rare stock market pattern is hinting at a bull rally to kick off 2023.
▼ + stars: | 2023-01-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Traders gather on the floor of the New York Stock Exchange, Friday, March 18, 2016. There is little optimism for stocks among Wall Street's foot soldiers, according to the latest fund manager survey from Bank of America. As BofA pointed out, that means the so-called "pain trade" in the stock market is higher, and any sudden rally would catch investors off-guard. But Wall Street survey be damned, stocks seem to be on the brink of a rare, bullish trifecta. The surge has pushed the world's most largest crypto token to levels not seen since before the fall of FTX.

☆ 11 podcasts that busy venture capitalists and founders say they trust right now
▼ + stars: | 2023-01-15 | by ( Robin Madell | ) www.businessinsider.com time to read: +11 min

Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Here are 11 great options, recommended by VCs, founders, CEOs, and other industry insiders. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is."

LONDON, Jan 10 (Reuters) - Goldman Sachs Asset Management, the fund arm of Goldman Sachs (GS.N), said on Tuesday it had raised $1.6 billion for its first private equity fund focused on investing in companies providing climate and environmental solutions. The final close of GSAM's Horizon Environment & Climate Solutions I comes as investors increasingly turn their attention to companies that can help in the world's fight against global warming. The fund, launched in 2021, provides so-called "growth capital" to companies further along in developing solutions in clean energy, sustainable transport, waste and materials, sustainable food and agriculture and ecosystem services. While investors have long invested in real assets such as wind and solar, or in early stage venture capital, the demand for the fund showed they were increasingly willing to back bigger companies, Pontarelli said. In December private equity firm General Atlantic launched a $3.5 billion climate fund while a month earlier Morgan Stanley Investment Management launched a $1 billion private equity strategy to invest in companies that will help reduce 1 gigatonne of carbon dioxide emissions.

☆ This new ETF combines international and income investing, and both themes are hot
▼ + stars: | 2022-12-11 | by ( Jesse Pound | ) www.cnbc.com time to read: +3 min

The three-month-old fund is an actively managed strategy that combines dividend-paying international equity holdings with covered call writing, an income strategy used frequently by fund sub-advisor Capital Wealth Planning. And international funds are also gaining traction. He added that the fund managers may actually be a bit more aggressive in writing calls in the international fund than in the U.S. version. "It's not unusual for international stocks to suspend or reduce their dividends more frequently than U.S. stocks do," Magoon said. Since its launch in September, the Amplify International Enhanced Dividend Income ETF has a total return of about 7%.

☆ Asia's hedge fund seeders go for 'uncorrelated' strategies
▼ + stars: | 2022-12-08 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

The equity funds HS Group invests in also have active short positions. There were only 24 new hedge funds launched in Asia in the first half of 2022, raising just $1.8 billion, according to data from With Intelligence. That compares with 44 new hedge funds launched in the first half of 2021 and 78 for the full year. A Goldman Sachs Prime Services November survey of allocators, largely Asia-Pacific investors, showed "uncorrelated" strategies were the most popular, selected by 31% and exceeding conventional long-short equity strategies. China-based wealth managers and other institutional clients at SHK Capital Partners are diversifying away from strategies relying on the home market.

☆ Billionaire female financier on why your daughters should play poker
▼ + stars: | 2022-11-06 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +3 min

Capital allocation, for example, is a skill that poker can help to improve, because allocating chips in a poker game is a form of capital allocation. That seat at the table imbalance is one where the world of poker replicates the world of business. Just cited an estimate of over 100 million people in the world playing poker today, and less than 10% of those players being women. "That poker table has a forcefield around it," she said, and it "feels an awful lot like the meeting room. Poker, ultimately, is about more than making money — each lesson is focused on a higher-level mission.

☆ FTX's Sam Bankman-Fried breaks down his 3 favorite use cases for blockchain tech — and explains the role of regulatory oversight in crypto markets
▼ + stars: | 2022-10-13 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +4 min

Sam Bankman-Fried, also known as SBF, is the CEO and cofounder of crypto giant FTX. Sam Bankman-Fried, the CEO and cofounder of crypto giant FTX, broke down three blockchain use cases in an interview at the Bipartisan Policy Center on Wednesday. In traditional equities, per Bankman-Fried, buying a share of a company can take an exuberant amount of time. Crypto regulation is 'necessary' and 'good'The 30-year-old billionaire welcomes regulation, specifically citing clear stablecoin oversight. "Crypto is big enough and starting to touch enough things that it is important to have regulatory oversight. "

☆ The S&P Global exec in charge of the firm's DeFi efforts breaks down Wall Street's biggest hurdles to institutional adoption of crypto
▼ + stars: | 2022-09-23 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +3 min

Chief DeFi Officer at S&P Global, Chuck Mounts, spoke at the Messari Mainnet conference on Thursday. Mounts says institutional capital will flood into crypto once there's more regulatory clarity. In recent years, Wall Street giants have made progress in offering crypto and its related products to their clients. S&P Global Ratings has followed in line with the other financial giants, who've signaled interest in crypto. In terms of policy, Mount says, these include both clear and educated regulation and legislation in crypto.

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