Man and machine merge at BlackRock
January 13, 2015--The move, announced by the world's largest asset manager in a statement on January 12, is part of a sweeping reorganisation of its business lines aimed at generating more growth from them.
The new division housing the traditional stock-picking active managers and computer-driven quants will be led by Chris Jones and Nigel Bolton, from BlackRock's active division, and Raffaele Savi and Jeff Shen, representing the quants. The gang of four will report to BlackRock president Rob Kapito.
Source: Financial News
World Bank-Digital Revolution Needs Offline Help to Realize Its Potential
January 13, 2016--STORY HIGHLIGHTS
Digital technologies are spreading across the globe, but 4 billion people still do not have access to the Internet.
A new report says closing the digital divide should be a global priority to generate growth, jobs, and improve services.
Countries are more likely to reap "digital dividends" if they pay as much attention to offline factors as technological ones.
More people around the world have access to mobile phones today than to electricity or water. Does this mean the digital revolution has truly dawned?
view the World Development Report 2016: Digital Dividends
view the infographic-From Digital Divides to Digital Dividends
Source: World Bank
BlackRock to combine active equity capabilities, create real assets group
January 12, 2016--BlackRock is to combine its active equity capabilities as part of a significant organisational shake-up, including the creation of a real assets group, that will take effect next month.
Portfolio manager positions will be unaffected by the changes.
The new active equities platform will group fundamental and quant equity capabilities in a single unit.
Source: IP&E
IMF Working paper-Introducing a New Broad-based Index of Financial Development
January 12, 2016--Summary: There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability.
A typical empirical study approximates financial development with either one of two measures of financial depth-the ratio of private credit to GDP or stock market capitalization to GDP. However,, these indicators do not take into account the complex multidimensional nature of financial development. The contribution of this paper is to create nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are then aggregated into an overall index of financial development. With the coverage of 183 countries on annual frequency between 1980 and 2013, the database should offer a useful analytical tool for researchers and policy makers.
view the IMF Working paper--
Source: IMF
Infographic-How Normal Investors Can Use the Same Strategies as Hedge Funds
"It involved a partnership structure, a percentage-of-profits compensation arrangement for Ben as general partner, a number of limited partners and a variety of long and short positions," Buffett's letter says. view
Source: visualcapitalist.com
Source appoints six country heads to spearhead increased presence in Europe
As Source has continued to invest and expand its business across the Continent, the coverage team has grown dramatically and is now nearly 30 individuals, representing a third of Source's total employees.
Source: Source
Bowie: The Man Who Sold Royalties and Brought Music to Bonds
The man behind "The Man Who Sold the World" was the first recording artist to go to Wall Street to tap the future earnings of his music, paving the way for a thriving market for esoteric securities backed by everything from racehorse stud rights to commercial washing machines.
Source: Bloomberg
ETFs/ETPs listed globally have gathered a record 372.0 billion US dollars in net new assets in 2015, according to ETFGI
December marked the 23rd consecutive month of positive net inflows and was the best month for asset gathering in 2015 with US$55.0 billion in net new assets collected, according to preliminary data from ETFGI's year-end 2015 global ETF and ETP industry insights report.
Source: ETFGI
Infographic-The World's Most Valuable Substances by Weight
However, sometimes substances are nearly impossible to produce in the first place-and that means that it can be extremely difficult for the market to respond to increases in demand. The world's most valuable substances generally fall into this category, and this makes their value per gram very high.
Source: visualcapitalist.com
As China Dumps Treasuries, World Sees No Better Place for Refuge
It might be easy to conclude China's unprecedented retreat from Treasuries is bad news for America.
Source: Bloomberg
January 12, 2016--In a Warren Buffett note from 2006, he credits the famous value investor Benjamin Graham as the co-creator of the first-ever hedge fund in the mid-1920s.
January 11, 2016--Source, one of the largest providers of Exchange Traded Funds (ETFs) in Europe, is excited to announce that it is realigning the responsibilities of its coverage team to better service the needs of its investors across Europe.
January 11, 2016--Performer was first to securitize future earnings from songs
'Space Oddity' musician died Sunday from cancer at age 69.
January 11, 2016--The global ETFs/ETPs industry is celebrating gathering a record level of US$372.0 billion in net new assets in 2015 which represents a 10% increase over the prior record of US$338.3 billion of net new assets gathered in 2014.
January 11, 2016--In the field of economics, the laws of supply and demand state that the price of a product and its available supply to the market are interconnected. For example, if a good such as crude oil is produced in excess, the price will drop accordingly.
January 10, 2016--Threat of global turmoil will boost demand for U.S. bonds
State Street, BlackRock see Treasuries support as China slows
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