Ashmore, the emerging market specialist that is one of the biggest international investors in struggling Chinese real estate group Evergrande, reported a $3.1bn fall in assets under management during the past quarter on the back of disappointing investment performance. The UK-listed fund house said its assets under management declined from $94.4bn to $91.3bn over the
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Changing cultural and political attitudes toward employment and the COVID-19 pandemic have turned the talent market on its head — and RIAs are no exception. In fact, the DeVoe 2021 RIA Talent Management Report found that employee turnover is rising rapidly within financial advisory practices. With voluntary departures at their highest level in a decade,
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Fox Entertainment and Blockchain Creative Labs (BCL) has announced the launch of maskverse.com, a non-fungible token marketplace and community dedicated to the entertainment series and hit singing competition “The Masked Singer.” According to Fox and BCL, the NFT marketplace and a game will be powered by the Eluvio blockchain. Fox, Blockchain Creative Labs, Eluvio Introduce
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Puerto Rico’s creditors are indicating they may withdraw from the bankruptcy deal, with bond insurer Ambac Assurance notifying the court Wednesday morning of the possibility. In a separate development the bankruptcy judge struck down a local law, Act 7, that the Oversight Board said would scuttle the Plan of Adjustment. Oversight Board Executive Director Natalie
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Quantitative analysts, or “quants,” working in the financial industry use mathematical and statistical techniques to study, measure, and evaluate financial instruments, financial markets, and the behavior of market participants. Quantitative financial analysts work in all kinds of firms in the securities industry, including commercial banks, investment banks, wealth management firms, and hedge funds. Insurance companies,
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Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the Bloomberg Global Business Forum in New York, U.S., on Wednesday, Sept. 25, 2019. Tiffany Hagler-Geard | Bloomberg | Getty Images JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Wednesday Here’s what Wall Street expects: Earnings: $3 per share,
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Two decades after South African activists tackled the global pharmaceutical industry and their own government for limiting access to medicines, the country’s educators are waging a similar battle to improve its standards of learning. Just as patents on life-saving antiretroviral medicines restricted treatment for South Africa’s rising number of HIV patients, so copyright protections on
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While interest in digital assets continues to explode among retail consumers and financial advisors are warming to them, there remain some significant barriers to widespread adoption. About 17% of American adults now own Bitcoin and another 63% are “crypto curious,” according to Ric Edelman, founder of the Digital Assets Council of Financial Professionals, who spoke
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Sharing is Caring! by Charles Hugh-Smith That the neofeudal lords and their lackeys offer the debt-serfs “choices” of forced labor would be comic if the results weren’t so tragic. We know we’re close to the moment when Everything Solid Melts into Air when extraordinary breakdowns are treated as ordinary and the “news” quickly reverts to gossip. So over
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A foreclosure sign in front of a house in 2007. Getty Images Foreclosures are starting to surge as government and private sector programs designed to help homeowners deal with the economic fallout of the Covid-19 pandemic have begun to expire. Mortgage lenders began the foreclosure process on 25,209 properties in the third quarter, a 32%
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The owners of a cryptocurrency firm that raised approximately $24 million from more than 13,000 investors have pleaded guilty to tax evasion. “These crypto-savvy defendants exploited an emerging technology, lying to their investors, pocketing the proceeds, and concealing the income from the IRS,” said acting U.S. Attorney Chad Meacham. Crypto Firm’s Founders Face up to
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Municipals were steady in light secondary trading while new issues were repriced to lower yields and U.S. Treasuries made gains after a rollercoaster day. Triple-A benchmark yields were little changed while the UST 10-year fell four basis points to 1.541% and the 30 fell six to 2.035% near the close. Ratios rose as a result,
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Silver advances on the back of lower US T-bond yields, despite high inflationary pressures. FOMC’s September meeting minutes showed that half of its members expect an interest rate hike by 2022. Further, the Fed minutes revealed that the pace of the QE reduction would be in the amount of US $15 billion. Silver (XAG/USD) climbs
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There’s now a crossover buy signal in play, and it’s happening with the miners in one of the most… by Stewart Thomson of Graceland Updates 1.   The world is becoming more digital.  In time, citizens will partake in blockchain-based games so powerful… that the human brain will believe the game is reality. 2.   That’s a disturbing thought, but there are
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Everyone is talking about a six-figure Bitcoin (BTC) price now that the digital asset has broken out of its multi-month downtrend and confirmed that a bullish trend is in play.  If Bitcoin happens to enter a parabolic move toward $110,000, that would finally match PlanB’s Stock-to-Flow model prediction. According to the pseudonymous analyst, the scarcity
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The shrinking U.S. workforce during the Covid pandemic is “going to cripple” the economic recovery, billionaire investor and businessman Barry Sternlicht warned Wednesday. The founder of Starwood Capital Group, which operates hotels as part of its broader portfolio, said the federal government should pay people to go back to work, not to stay home. “The
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