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☆ Goldman Sachs money manager: Be selective with small caps because prices ‘can go down with great velocity'
▼ + stars: | 2024-04-08 | by ( Anna Gleason | ) www.cnbc.com time to read: +2 min

Goldman Sachs sees opportunities in small-cap stocks — even as the Russell 2000 finishes its worst week since early January. "I do think that you have to be very selective in small caps because things can go down with great velocity," he told CNBC's " Fast Money " on Thursday. "Within the Russell 2000, you have a lot of stuff that you probably don't want to own," he said. Even with the losing week, the Russell 2000 is up almost 2% for the year, as of Friday's market close. "Other financial conditions have eased a bit, which is also helpful for small caps.

Persons: Goldman Sachs, Russell, Greg Tuorto, CNBC's, Tuorto Organizations: Core Equity ETF, Federal Signal Corp, SPX Technologies, Federal Reserve, Nvidia, Innovation Locations: Cava, Cava —

☆ The big, month-long rally in commodities is turning these ETFs into winners
▼ + stars: | 2024-04-06 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

Some equity funds closely tied to those commodities, such as those that invest in gold and silver miners, have soared even more. Five of the six biggest gold ETFs have seen outflows this year, totaling almost $3 billion, according to FactSet. GLD 5Y mountain Gold, and the ETFs that track it, are trading at record highs in early 2024. The fund's holdings include gold, silver, platinum and palladium. Meanwhile, Teucrium has several ETFs focused on agricultural commodities that have climbed over the past month as well, including the the Teucrium Soybean Fund (SOYB) , up over 3%.

Persons: Jake Hanley, Hanley, Robert Minter, Minter, Teucrium Organizations: United States Oil Fund, Hershey Locations: East, Europe

☆ New ETF looks to profit from municipal bonds
▼ + stars: | 2024-04-06 | by ( Emily Glass | ) www.cnbc.com time to read: +1 min

A new ETF is trying to capture profits in the municipal funds space. BondBloxx's Joanna Gallegos is behind the IR+M Tax-Aware Short Duration ETF (TAXX) — which launched less than a month ago. "When you think about municipal bond portfolios, you really want people to think beyond them and look for the relative value of after-tax income," the firm's co-founder and COO told CNBC's "ETF Edge" on Monday. Gallegos sees actively managed municipal bond exchange-traded funds as an income-generating opportunity in a high rate environment. FactSet describes the fund as "tax efficient" — balancing strong after-tax income opportunities with capital preserved through both municipal and taxable short-duration fixed income securities.

Persons: BondBloxx's Joanna Gallegos, CNBC's, Gallegos, FactSet, It's, TAXX Organizations: Federal Reserve, muni Locations: Illinois, Pennsylvania, New Jersey , New York, Alabama

☆ A wiser Greg Coffey, Elliott's Etsy love, and a return to fundamentals: A rundown of the hedge fund industry's annual best pitch conference
▼ + stars: | 2024-04-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

The smart money gathered in Manhattan Wednesday didn't spend their time pitching artificial intelligence venture bets or bitcoin-linked trading products. At this year's Sohn conference in New York, the biggest names in hedge funds — such as David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint. Solvay, Einhorn said, has "a relatively high and stable margin, a high return on capital, and a good return of capital." Even hedge funds that are constantly stirring the pot, such as Paul Singer's Elliott Management and Bridgewater, were even-keeled. "You've got a durable business with real differentiation, you've got a strong management team executing," he said.

Persons: year's Sohn, David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's, Greg Coffey, Oz, Moore —, Coffey, Emso, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Sohn, Elliott, Marc Steinberg, You've, you've Organizations: Greenlight, Business, Solvay, Paul Singer's Elliott Management, Bridgewater, Elliott Locations: Manhattan, New York, Belgium, GLG, Australian, London, Bridgewater, China

☆ $2 billion Gladstone could be on the 'verge of significant AUM growth.' A look inside the British hedge fund's short-selling focus and past big bets.
▼ + stars: | 2024-04-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Gladstone, a London-based equity hedge fund with $2 billion in assets, is set to expand. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementAfter years of conservative growth and cautious maneuvering, $2 billion Gladstone could be set for a serious expansion. The British stock-picking hedge fund, founded in 2005 by former Lansdowne investor George Michelakis, believes it is on the "verge of significant AUM growth," a person close to the firm told Business Insider. This story is available exclusively to Business Insider subscribers.

Persons: Gladstone, Marshall Wace, Daoud Zekrya, —, Lansdowne, George Michelakis Organizations: Service, Gladstone, Business Locations: London

☆ A wiser Greg Coffey, Elliott's Etsy love, and a return to fundamentals: A rundown of the hedge-fund industry's annual best-pitch conference
▼ + stars: | 2024-04-04 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe smart money gathered in Manhattan on Wednesday didn't spend their time pitching artificial-intelligence venture bets or bitcoin-linked trading products. At this year's Sohn conference, some of the biggest names in hedge funds — such as Greenlight's David Einhorn, Elliott's Jesse Cohn, and Kirkoswald's Greg Coffey — preached fundamentals and restraint. Even hedge funds that are constantly stirring the pot, such as Bridgewater and Paul Singer's Elliott Management, were even-keeled. The activist investor, who's become a recurring nightmare for anxious CEOs across the country, is not looking to burn anything down or start an M&A spree.

Persons: —, year's Sohn, Greenlight's David Einhorn, Jesse Cohn, Greg Coffey —, Einhorn, Elon Musk's Tesla, Greg Coffey, Oz, Moore —, Coffey, Paul Singer's Elliott, Ray Dalio, Karen Karniol, Elliott, Marc Steinberg, who's, You've, you've Organizations: Service, Business, Solvay, Paul Singer's Elliott Management, Bridgewater Locations: Manhattan, Belgium, Belgian, GLG, London, New York, Bridgewater, China

☆ Last year, an unknown person briefly took nominal control over OpenAI's $175 million startup fund. The company says the government filing was 'fabricated.'
▼ + stars: | 2024-03-29 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +4 min

One document, filed in April of 2023, listed Jacob Thomas Vespers and Vespers Inc—a company formed the same day—as manager of the fund. A document filed a few weeks later registered the address of the company as unit 234, a small second-story apartment overlooking the courtyard at The Orchard. When OpenAI was informed about the Vespers document by the journalist in July 2023, the company did not report the allegedly fabricated filing to any authorities, Wood said. All of them are associated with Jacob Thomas Vespers, referred to in some documents as Jacob Thomas Redmond Messer or Jacob Thomas Redmond or Jacob Thomas Messer. There's a github post made under a profile name, Jacob Thomas Redmond, on May 19th, 2023 that bears some tell-tale signs of being AI generated.

Persons: —, Jacob Thomas Vespers, Sam Altman, Madhav Dutt, Dutt, Kayla Wood, OpenAI, Wood, Paul Carroll, he's, Carroll, Jacob Thomas, Jacob Thomas Redmond Messer, Jacob Thomas Redmond, Jacob Thomas Messer, Redmond, Messer Organizations: Service, California, State, Business, SEC, Corporations, Integrity Locations: Santa Ana , California, The, Silicon, California

☆ Is it time for investors to hedge for a market decline? The pros share their views and strategies
▼ + stars: | 2024-03-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +5 min

Last week, Goldman Sachs told clients they should start hedging for a market decline . Here's how Goldman suggests investors worried about a declining market can hedge their positions. Others also believe that it's time to start hedging — or at least take a more conservative stance. 'Shift into more value names' Top hedge fund manager David Neuhauser says it would depend on where investors are positioned right now. But he isn't a fan of hedging strategies like options, saying "over time you just end up with lower returns."

Persons: Goldman Sachs, Goldman, David Neuhauser, that's, Russell, Neuhauser, Brian Arcese, he's, Arcese, It's, Freddie Lait, Lait Organizations: Dow Jones Industrial, Nasdaq, CNBC Pro, Livermore Partners, London, Nvidia, Foord Asset Management, CNBC, Latitude Investment Locations: Europe, U.S

☆ Want to invest $10,000? Here are 5 ETFs to buy now and hold, according to the pros
▼ + stars: | 2024-03-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

CNBC Pro asked several finance experts for their top ETF picks to buy and hold this year. The MSCI USA Value index, accessible to U.S. and Europe-based investors, has run up 14% this year, outperforming the S & P 500. Invesco Nasdaq Biotech ETF For investors wanting exposure to growth stocks, Rees likes the Invesco Nasdaq Biotech ET F (SBIO-GB) in the biotech space. L & G Clean Water ETF Rees, whose firm manages more than $12.6 billion in assets, also highlighted the L & G Clean Water ETF (GLUG-GB) for investors keen on an environmental play. The fund's $415 million is invested across 53 stocks in the Solactive Clean Water Index.

Persons: Vahan Janjigian, Janjigian, Ursula Marchioni, Marchioni, Ian Rees, Rees, It's Organizations: CNBC Pro, Vanguard, Stock, Greenwich Wealth, BlackRock, Premier Miton Investors, Nasdaq Biotech, Nasdaq, Nasdaq Biotech ETF, U.S, London Stock Exchange, Index, Vanguard FTSE Locations: U.S, Europe, East, Asia, Germany

☆ China vows to treat foreign firms equally as it seeks more international investment
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +4 min

Guo Tingting, Chinese Vice Minister of Commerce, attends the China Development Forum in Beijing on March 25, 2024. "China will fully guarantee national treatment for foreign companies, so that more foreign companies can invest in China with confidence and peace of mind," Vice Commerce Minister Guo Tingting said at the China Development Forum in Beijing. China pledged on Monday to treat foreign companies the same way as domestic peers in a bid to attract more foreign investment, cooperation and expertise, as Asia's largest economy moves to upgrade and strengthen its industrial chains. In response, China has stepped up efforts to address concerns of foreign investors, pledging to protect the rights of foreign companies and promising to further enlarge entry into its markets. Over 100 overseas executives and investors have attended the annual China Development Forum since the weekend, including companies with deep supply chains in China such as Apple and Siemens .

Persons: Guo Tingting, Guo, Li Qiang, Stephen von Schuckmann, CGTN, We're, Information Technology Jin Zhuanglong, Jin, Kristalina Georgieva Organizations: Commerce, China Development Forum, Trade Organization, WTO, Sunday, ZF Group, Apple, Siemens, Industry, Information Technology, Monetary Fund's Locations: Beijing, China, consultancies, United States

☆ China faces ‘fork in the road,’ IMF chief says, urging Beijing to embark on pro-market reforms
▼ + stars: | 2024-03-25 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China. China has two choices right now: return to its old economic policies, or choose reforms to spur growth, according to the International Monetary Fund's Managing Director Kristalina Georgieva. "China is poised to face a fork in the road — rely on the policies that have worked in the past, or update its policies for a new era of high-quality growth," Georgieva said Sunday at the China Development Forum in Beijing. "With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario," she said, according to prepared remarks by the IMF. The measures coincide with other moves Beijing has made in recent weeks to boost confidence among foreign investors and businesses as it pursues a growth target of about 5% this year.

Persons: Kristalina Georgieva, Georgieva, Li Qiang Organizations: International Monetary Fund, International Monetary Fund's, China Development Forum, IMF, World Bank Locations: China, Diaoyutai, Beijing, Bulgarian

☆ China faces 'fork in the road,' IMF Managing Director Georgieva says
▼ + stars: | 2024-03-25 | by ( ) www.cnbc.com time to read: +2 min

Kristalina Georgieva, Director of the International Monetary Fund (IMF), speaks during the China Development Forum 2024 at the Diaoyutai State Guesthouse on March 24, 2024 in Beijing, China. China needs to "reinvent itself" with economic policies to speed resolution of its property market crisis and boost domestic consumption and productivity, the International Monetary Fund's Managing Director Kristalina Georgieva said on Sunday. Georgieva said an analysis by the IMF showed a more consumer-centered policy mix could add $3.5 trillion to China's economy over the next 15 years. "A key feature of high quality growth will need to be higher reliance on domestic consumption," Georgieva, a Bulgarian economist, said. But the IMF remarks were significant in coming at the outset of a two-day meeting where Beijing is looking to push the message China is open for business.

Persons: Kristalina Georgieva, Georgieva, Xi Jinping Organizations: International Monetary Fund, Monetary Fund's, China Development, IMF Locations: China, Diaoyutai, Beijing, Bulgarian

☆ Two fresh ways to play the weight loss and megacap tech hype
▼ + stars: | 2024-03-23 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. "It's going to be important to kind of keep an eye on this space," Mazza told CNBC's "ETF Edge" this week. They are the Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) and the Roundhill Daily Inverse Magnificent Seven ETF (MAGQ). MAGX is designed to profit from "Magnificent Seven" gains, which comprises Alphabet , Amazon , Apple, Meta Platforms , Microsoft , Nvidia and Tesla . "These are tools that can be used for traders who have short-term views on the Magnificent Seven — both positive and negative to express that view," said Mazza.

Persons: Dave Mazza, Mazza, CNBC's, they're, They're Organizations: Investments, Apple, Microsoft, Nvidia, Tesla

☆ Activist investor Nelson Peltz says it's 'probably true' that he's a 'bully billionaire'
▼ + stars: | 2024-03-23 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +3 min

Read previewNelson Peltz says it's "probably true" that he's a bit of a bully. The wedding planners filed a countersuit, in which they called Peltz a "billionaire bully," saying the family made unreasonable demands on short notice, The Independent reported. Related storiesThe suits were later settled, but the wedding planners made a fair enough assessment of how he lives his life. FT reported Peltz said of his reputation. "Disney is stupid because I'm not trying to fire Bob Iger, I want to help him," FT reported Peltz said: "We don't fire CEOs."

Persons: —, Nelson Peltz, Nicola's nuptials, he'd, Peltz, Trian, Bob Iger, I'm Organizations: Service, Trian Partners, Business, Independent, Financial Times, Disney, Variety, Street Journal, FT Locations: —, Asia

☆ Smaller climate startups face 'valley of death' as funding freezes up. This VC just raised $325 million to help
▼ + stars: | 2024-03-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Venture capital firm World Fund said Friday it's closed a 300 million euro ($325 million) fund to back startups tackling climate change. World Fund, a European climate technology investor incubated by the environment-conscious search engine Ecosia, said it had raised the cash despite a challenging environment for technology investing — and, in particular, climate technology investing. Investors have reeled from riskier tech-related bets after a jump in inflation and interest rates, which has surged dramatically since the Russia-Ukraine war in 2022. Central banks have hiked rates to stem inflation, which has in turn soured investor sentiment toward tech. "They've been like, sorry this is too much, you can't raise 300 million plus," Višević told CNBC.

Persons: Višević, They've Organizations: World, Silicon Valley Bank, CNBC, Private Locations: Russia, Ukraine, Central, Silicon

☆ HongShan split from Sequoia last year as US-China relations worsened. Now, it's eyeing up Europe.
▼ + stars: | 2024-03-19 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +4 min

Last June, storied investor Sequoia Capital announced it was to split itself into three separate entities. Sequoia Capital would look after the US and Europe; Peak XV Partners would manage its investments in India; and HongShan Capital would be based in China. The emergence of HongShan as an active investor in Europe would result in the firm "competing with former family," one source said. The expansion could be aimed at attracting businesses that target the Chinese market or companies set up by Chinese entrepreneurs away from home, the FT said, citing sources who had spoken with Shen. HongShan Capital's most recent fund includes LPs such as CalPERS, the University of Texas Investment Management Company, and the University of Washington endowment.

Persons: HongShan, Neil Shen, Shen Organizations: Sequoia Capital, YouTube, Sequoia, Partners, HongShan, Business, United, Strategic, University of Texas Investment Management Company, University of Washington Locations: China, Europe, India, London, Singapore, Asia

☆ Olivia Rodrigo's team won't allow free contraceptives to be handed out on tour anymore, says report
▼ + stars: | 2024-03-16 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +4 min

Read previewThe remainder of Olivia Rodrigo's Guts tour will no longer feature reproductive rights groups handing out free emergency contraceptives, lube, and condoms following the widespread media attention brought on by her recent Missouri show, according to reports. Multiple representatives of other rights groups also confirmed the news to Jezebel. Kevin Mazur/Getty ImagesRobin Frisella, Missouri Abortion Fund's Community Engagement Director, told the publication: "While we are disappointed to learn that other abortion funds will not get the same opportunity to do the same, we are encouraged by the overwhelmingly positive response." Advertisement"We can't speak to why this decision was made, but we hope this conversation highlights the work being done by abortion funds every day in states across the country. A portion of Rodrigo's tour ticket sales will go to abortion funds across the US through the singer's Fund 4 Good initiative, which she launched in collaboration with the tour and advocates for reproductive healthcare freedom.

Persons: —, Olivia Rodrigo's Guts, Louis, Jade Hurley, Rodrigo, Spaeth, Stone, Olivia Rodrigo, Kevin Mazur, Robin Frisella, Bill Eigel, Eigel —, Lily Allen's, Roe, Wade Organizations: Service, National Network of Abortion, Business, Missouri Abortion, DC Abortion, Abortion, Missouri Abortion Fund, Arena, singer's Locations: Missouri, Minnesota, Palm Springs , California, Robin Frisella , Missouri, Glastonbury, England

☆ A 35-year investing veteran explains how to accelerate retirement returns that beat the S&P 500 by transferring part of an IRA into a real estate fund. Plus, the 3 main risks.
▼ + stars: | 2024-03-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

Investing without owningLike real-estate investment trusts (REITs), real-estate funds provide exposure to the tangible asset class without owning and managing property. Investing directly through a private real-estate fund would take a few extra steps. The process requires an investor to identify a real-estate fund of interest. Once that's completed, funds from the retirement account are directly transferred into the real-estate fund. It's also important to read the terms of each fund; some may have added costs for repairs, expenses, and maintenance, which your IRA funds would cover.

Persons: Paul Daneshrad, Daneshrad, He's, we're, Dow, there's, Roth, that's, Gary Diamond, Fishman, Diamond, It's Organizations: Starpoint, Business, Federal, CPA

☆ Olivia Rodrigo concert hands out free morning-after pills in Missouri, a state where abortions are illegal
▼ + stars: | 2024-03-14 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

AdvertisementOlivia Rodrigo handed out free morning-after pills at her St. Louis GUTS world tour stop in Missouri on Tuesday, according to reports. The Hollywood Reporter said that the Grammy-award-winning pop star passed out free Plan B pills from Julie, as well as condoms and stickers from the Missouri Abortion Fund. The Missouri Abortion Fund shared a photo on X of the Julie pills that were being distributed. "We're thankful for artists like Olivia Rodrigo and initiatives like the Missouri Abortion Fund who share our mission," they added. Rodrigo is partnering with the National Network of Abortion Funds throughout the tour, according to the fund's page on the Entertainment Industry Foundation.

Persons: Olivia Rodrigo, Louis, —, Julie, Rd7fc0b1xG —, Roe, Wade, Rodrigo, Lily Allen's Organizations: Service, Hollywood Reporter, Missouri Abortion, Missouri Abortion Fund, Rd7fc0b1xG — Missouri Abortion, Guardian, Glastonbury, National Network of Abortion, Entertainment Industry Foundation, New York Times Locations: Missouri, Rd7fc0b1xG — Missouri, Wade , Missouri

☆ How much Sam Altman stands to gain from a Reddit IPO
▼ + stars: | 2024-03-11 | by ( Madeline Berg | Hayley Cuccinello | ) www.businessinsider.com time to read: +3 min

Here's how much Altman's Reddit stake could be worth — and why it's not as much as some say. Business Insider estimates that OpenAI CEO Altman owns a maximum of just about 1.66 million shares of Reddit. Using the company's estimated price per share of $31 to $34, Altman's stake in Reddit could be worth between $51.4 million and $56.4 million. Neither Reddit nor Altman would comment on the exact number of shares that Altman owns. For instance, Hydrazine Capital II owns nearly 9.9 million shares of Reddit.

Persons: Sam Altman, —, Altman, Reddit, OpenAI, Peter Thiel Organizations: Service, News, Business, Apollo, bioscience, Facebook, Google Locations: Reddit

☆ Russia is eyeing big tax hikes after this month's election to pay for the war in Ukraine
▼ + stars: | 2024-03-11 | by ( Yuheng Zhan | ) www.businessinsider.com time to read: +2 min

Putin could raise taxes on high earners and companies after the country's election, Bloomberg reported. More tax revenue would pay for the war in Ukraine and fund some social programs. AdvertisementVladimir Putin could raise taxes after the presidential election this month to keep the money flowing to pay for the country's war in Ukraine. Russia's hefty spending on the Ukraine war since February 2022 is siphoning resources from the broader economy, with a 7.4% inflation rate and collapsing direct investment. Economists have warned that the country's economy cannot sustain the costs of either winning or losing the war in Ukraine.

Persons: Putin, —, Vladimir Putin, outflows Organizations: Bloomberg, Service, Bloomberg Economics, Kremlin, Finance Ministry Locations: Ukraine, Russian

☆ Mega-cap tech stocks dominate many ESG funds. Here’s why
▼ + stars: | 2024-03-09 | by ( Josephine Rozzelle | ) www.cnbc.com time to read: +2 min

The top holdings of many ESG funds may be surprisingly familiar. ESG funds also tend to be more heavily invested in technology stocks because the sector is one of the "cleaner" industries, according to former VettaFi financial futurist Dave Nadig. But Noack considers the idea that ESG funds only invest in clean, sustainable sectors as misleading. Global ESG funds saw their first net quarterly outflows on record in the fourth quarter of 2023, according to Morningstar. However, Nadig points out while financial advisors may have pulled back from recommending ESG funds to clients, investor interest hasn't gone anywhere.

Persons: DWS Group's Arne Noack, CNBC's, Dave Nadig, Nadig, Noack, hasn't, It's Organizations: Americas, Equity, Nvidia, Amazon, Microsoft, Apple

☆ From the lavish gifts to the flagrant waste: Here's what it's like to work for a billionaire hedge fund founder
▼ + stars: | 2024-03-08 | by ( Tiara White | ) www.businessinsider.com time to read: +2 min

Sun doesn't name the hedge fund billionaire in the book, referring to him as Boone Prescott, founder of the "rock star" hedge fund Carbon. After he graduated from Williams College he went to work for hedge fund legend Julian Robertson, who gave him $25 million to start Tiger Global. The hedge fund soared to new heights during the era of low-interest rates with big bets on tech stocks. Rising interest rates hit the hedge fund hard in 2022, however, leading to a 50%-plus performance decline that year. From the lavish lifestyle to the famous guests speakers, here are the 12 moments that best depict life working for a billionaire hedge fund founder.

Persons: Carrie Sun's, Boone Prescott, Sun, Chase Coleman, Coleman, Julian Robertson Organizations: Business, New York Times, Tiger Global, Forbes, Williams College

☆ A fund manager who's beaten 81% of his peers in the last decade shared the investing process that's made him so successful — and 3 growth stocks that are set to double
▼ + stars: | 2024-03-07 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Read previewFund manager Randy Gwirtzman may be hungry for fast-growing stocks, but he's no gambler. Gwirtzman carefully handpicks his stocks and then is patient with them, even if they're on the market's bad side. How to maximize returns while limiting riskWhen searching for stocks, Gwirtzman keeps his strategy simple. AdvertisementInstead of straying away from riskier stocks, Gwirtzman and his co-manager take steps to mitigate risk. Another way Gwirtzman manages risk is by strategically selling when an investment hits a certain price target or valuation threshold.

Persons: —, Randy Gwirtzman, Gwirtzman, downturns, Laird Bieger Organizations: Service, Business, Nvidia, Discovery Fund, Baron Discovery Fund Locations: riskier

☆ This market rally is taking out funds that hedged against recent investor fears
▼ + stars: | 2024-03-05 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +5 min

The Simplify Tail Risk ETF , which trades under the cheeky ticker "CYA," is headed for liquidation later this month after a brutal money-losing stretch. CYA 1Y mountain Simplify's Tail Risk ETF has been beaten down by the market rally. "Tail protection, which was heavily desired in 2020, has no bids right now. And that way if you're losing money on it, and it's a tail risk ETF where you're buying a put [option], then you understand why that's happening," Armour said. "A tail risk ETF is going to go potentially over a decade without working, and that's okay.

Persons: Michael Green, Green, subpar, Bryan Armour, Armour, CYA, Philip Toews, Vix, Toews Organizations: CNBC, Fidelity, North, Asset Management Locations: North America

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