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Investment Managers

All articles tagged with #investment managers

finance2 years ago•3 min saved

"Bitcoin ETF Issuers Engage in Fee War as SEC Reissues Crypto Warning"

Investment managers, including BlackRock, VanEck, Ark Investments/21Shares, and Bitwise, have disclosed the fees they plan to charge for their proposed spot bitcoin exchange-traded funds (ETFs) ahead of an SEC approval deadline. The fees are significantly lower than the average market rate for U.S. ETFs, with Bitwise offering the lowest at 0.24%. The SEC is expected to approve the spot bitcoin ETFs this week, marking a significant development for the industry. Grayscale's proposed ETF carries the highest fee at 1.5%. The race to launch a spot bitcoin ETF has drawn both crypto companies and traditional finance heavyweights, with hopes that it will bring in billions of dollars into the cryptocurrency market.

via Reuters|

#bitcoin #etf #fees

finance2 years ago•1 min saved

Tokenised Funds Approved for British Investment Managers

British investment managers have received approval to develop tokenised funds, allowing assets to be split into smaller tokens backed by blockchain technology. This move aims to enhance transparency, liquidity, and risk management in the industry. Funds authorized by the Financial Conduct Authority can now begin offering tokenised funds, as long as the investments are in mainstream assets and valuation and settlement arrangements remain unchanged. The Investment Association believes that fund tokenisation has the potential to revolutionize the industry by enabling greater efficiency and the creation of more bespoke portfolios.

via Reuters|

#asset-management #blockchain #finance

finance2 years ago•3 min saved

Charlie Munger: Most Money Managers are Like Fortune Tellers.

Charlie Munger, Warren Buffett's right-hand man, has criticized investment managers, calling them "fortune tellers or astrologers who are dragging money out of their clients' accounts." He argues that there is currently a "glut of investment managers that's bad for the country." Munger believes that most financial advisors and wealth managers claim they can beat the market to draw in clients, but end up just putting the money into simple indexes to avoid big losses. He warns of more "trouble" for banks as a result of the ailing commercial real estate sector that could put even more pressure on investment managers.

via Yahoo Finance|

#charlie-munger #finance #financial-advisors

finance2 years ago•2 min saved

Charlie Munger: Most Money Managers are Like Fortune Tellers.

Charlie Munger, the vice chairman of Berkshire Hathaway, has criticized investment managers, calling them "fortune tellers or astrologers who are dragging money out of their clients' accounts." He believes that the current glut of investment managers is bad for the country and that it's gotten very tough to have anything like the returns that were obtained in the past. Munger warns of more trouble for banks as a result of the ailing commercial real estate sector that could put even more pressure on investment managers. He believes that most financial advisors and wealth managers claim they can beat the market to draw in clients, but end up just putting the money into simple indexes to avoid big losses.

via Fortune|

#berkshire-hathaway #charlie-munger #finance