All articles tagged with #investment management
Originally Published 3 months ago — by CNBC
CNBC's Financial Advisor 100 for 2025 ranks the top financial advisory firms in the U.S., highlighting their assets under management, experience, and credentials, to help investors find trustworthy advisors amid economic uncertainty.
Originally Published 7 months ago — by SEC.gov
Brian Daly has been appointed as the new Director of the SEC's Division of Investment Management, bringing extensive experience in legal and compliance roles within the investment industry, with a focus on overseeing industry regulation and investor relations.
Originally Published 7 months ago — by Yahoo Finance
BlackRock and other major asset managers are facing an antitrust lawsuit from Republican-led states, accusing them of climate activism that allegedly influenced energy markets and reduced coal production. The firms seek to dismiss the case, arguing their actions lack evidence of conspiracy, while the states contend even industry agreements could impact market decisions. The case could significantly affect how these firms manage their holdings, especially regarding coal investments.
Originally Published 1 year ago — by Yahoo Finance
Investment management firm Jackson Peak Capital had a successful Q4 2023 with a net return of +9.9% and featured NVIDIA Corporation (NASDAQ:NVDA) in its investor letter, expressing confidence in the data center infrastructure buildout and AI chips arms race. NVIDIA Corporation (NASDAQ:NVDA) closed at $787.01 per share on February 27, 2024, with a one-month return of 25.37% and a market capitalization of $1.968 trillion. Despite some skepticism in the market, Jackson Peak Capital remains bullish on NVIDIA Corporation (NASDAQ:NVDA) and continues to see value in AI semiconductor companies, although the stock was held by fewer hedge fund portfolios at the end of Q4 2023.
Originally Published 2 years ago — by Yahoo Finance
Investment management firm Jackson Peak Capital discusses its insights on Spirit Airlines in its Q3 2023 investor letter. Despite challenging market conditions, the firm achieved a robust return in Q3 and acquired a position in Spirit Airlines calls after the stock plummeted in value post-earnings and leading up to the trial against the DOJ. Jackson Peak believes the market is mispricing the potential likelihood of success in the trial, resulting in a position with substantial positive expected value. However, Spirit Airlines does not belong on the list of the 30 Most Popular Stocks Among Hedge Funds.
Originally Published 2 years ago — by Fortune
Peter Brown, CEO of investment management firm Renaissance Technologies, revealed that he has slept in his office nearly 2,000 times as part of his work routine. Brown, who is worth $100 million, explained that sleeping in the office allows him to concentrate non-stop and be productive. He also shared an anecdote about offering an employee a pay rise in the middle of the night to solve a work problem. Additionally, Brown discussed the company's hiring practices, stating that they prefer to hire mathematicians with non-finance backgrounds to teach them about the markets rather than hiring individuals with finance experience.
Originally Published 2 years ago — by CNBC
Investment manager Jim Casselberry, co-founder of Known, is using his four decades of investing experience to help bridge the racial wealth gap for people of color and the Indigenous population. Casselberry believes that the real solution to the problem lies in the capital markets, where the real money is found and managed, but where more than 98% of funds under management are controlled by old majority white firms. Known is a finance and asset management firm that works with founders, family offices, and large asset owners who value competitive returns as well as powerful long-term racial, social, and climate impact.
Originally Published 2 years ago — by The Wall Street Journal
BlackRock, the world's largest asset manager, reported a 19% drop in profit for the second quarter of 2023, citing market volatility and lower fees. The company's financial results were impacted by a decline in investment management fees and a decrease in performance fees. Despite the decline in profit, BlackRock's assets under management increased to $10.2 trillion, up from $9.5 trillion in the previous quarter.
Originally Published 2 years ago — by NATO HQ
The NATO Innovation Fund, the world's first multi-sovereign venture capital fund, has taken significant steps towards its establishment by appointing the first three members of its Board of Directors and announcing that The Netherlands will host the headquarters for the Fund's investment management arm. The Fund will invest €1 billion in early-stage start-ups developing emerging and disruptive technologies and other venture capital funds developing dual-use emerging and disruptive technologies.