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The Elms was built in 1901 for Gilded Age coal tycoon Edward Julius Berwind and his wife, Sarah Herminie Berwind. He and Sarah Berwind did not have any children. After his wife's death, Edward Berwind enlisted his sister, Julia Berwind, to act as the hostess at his homes in Newport and New York City. He died in 1936, and Julia Berwind spent summers at The Elms until her death in 1961. The following year, the Preservation Society of Newport County purchased The Elms and continues to maintain the property as a museum.
Persons: Edward Julius Berwind, Sarah Herminie Berwind, Gavin Ashworth —, Newport County Edward Berwind, Sarah Berwind, didn't, Edward Berwind, Julia Berwind Organizations: Preservation Society, Coal Mining Company, New, US Navy, New York Times, Elms, Newport County, Preservation Locations: The, Newport County, New York City, Vanderbilt, Newport and New York City, Newport, Elms
David Einhorn's Greenlight Capital made several bets in energy and health care during the third quarter, according to a new securities filing. That position was worth $65.2 million. Greenlight also bought up shares in biotech names Gain Therapeutics and Coya Therapeutics , increasing those stakes by 7.7% and 19.2%, respectively. The fund's largest position, homebuilding stock Green Brick Partners , was worth more than $512 million as of the end of September. Greenlight has soared past the broader market this year, returning 12.9% in the third quarter to bring its 2023 gains to more than 27%.
Persons: David Einhorn's, Einhorn, Russia's, Greenlight Organizations: Holdings, Securities, Exchange, Southwestern Energy, Consol Energy, Therapeutics, Coya Therapeutics, Green Brick Partners, Kyndryl Holdings Locations: Israel, Ukraine, U.S
Analysts are still optimistic about some parts of the U.S. market, but some expect international markets to do better this year. The resulting stocks have buy ratings from over 65% of analysts covering them, and average price target upside of at least 30%. Two stocks stood out for their 100% buy rating from analysts and significant potential upside: Coal mining company Yancoal Australia and Hong Kong-listed ESR Group , a real estate services company. German meal kit company Hello Fresh got the highest potential upside from analysts at 82%. U.S. stocks include e-commerce giant MercadoLibre , health insurance firm Humana and pharmaceutical firm Jazz Pharmaceuticals .
Persons: Germany's Dax, Morgan Stanley, J.P, Tai Hui, Tai, Raymond Bridges, Fresh Organizations: Nikkei, Morgan Asset, Bridges Capital, CNBC Pro, CNBC, Vanguard FTSE, Index, Kansai Electric Power, JCR Pharmaceuticals, Humana, Jazz Pharmaceuticals Locations: Europe, U.S, Japan, Asia, Australia, Hong Kong
John Saverino moved from Long Island, New York, to Glendale, Arizona, in April 2022. I lived in Long Island, Nassau County — two miles from the beach. My commute to work now actually ends up being about the same mileage as in New York, but sometimes the traffic is actually worse here. Saverino was tired of the constant traffic on Long Island. fotog/Getty ImagesIn Long Island, the drive was more highway.
A fund once led by an investing great known for finding opportunities in distressed assets is beating the market — but with a somewhat different focus. The Third Avenue Value Fund (TVFVX) outperformed the S & P 500 in 2022, rising 11.2% while the broad-market index shed 19.4%. 'Go where the opportunities are' Fine said that can happen by looking at both country and industry trends. The fund had just over 40% and 30% of its holdings in small- and mid-cap companies, respectively, at the end of 2022. portfolio manager Matt Fine Fine was able to work under Whitman and eventually take over the value fund, which is one of the first the company created, in 2017, a year before Whitman died.
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