George Soros’ Quantum Endowment fund has been named the world’s most successful hedge fund, after it gained $5.5 billion in 2013, bringing the total gains since inception to $39.6 billion.
Quantum overtook Ray Dalio of Bridgewater Pure Alpha in a study by LCH Investments which ranked the top 20 hedge fund managers by net gains in 2013.
http://www.cnbc.com
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Last week, Forbes released its annual score card of top-earning hedge fund managers. The usual gang was there: Soros, Tepper, Cohen, Paulson, Icahn, Simons, Dalio, Griffin, et. al. That clickbait scorecard -- it worked on me -- and led to a strident column from Gawker, bizarrely titled "Fund Managers Are…
Tags: managers, fund, soros, top, billion, $, hedge, dalio, george
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I try to learn from the best. Ray Dalio is one of them. He founded Bridgewater Associates, one of the biggest hedge funds in the world. Many retail investors have not heard of him, probably because his funds are open only to big institutions. It's a terrible mistake to limit…
Tags: fund, managers, dalio, ray, bridgewater, world's, hedge
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Take a look at "How The Economic Machine Works," an introduction to the economic system by Ray Dalio, founder of the world's largest hedge fund, Bridgewater Associates. In the video, the Bridgewater Associates founder stresses three rules of thumb he'd like you to remember: 1) Don't have debt rise faster…
Tags: bridgewater, dalio, ray, world's, fund, hedge
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In 1992, George Soros brought the Bank of England to its knees. In the process, he pocketed over a billion dollars. Making a billion dollars is by all accounts pretty cool. But demolishing the monetary system of Great Britain in a single day with an elegantly constructed bet against its currency?…
Tags: soros, george, billion, hedge
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This morning, the Wall Street Journal reported on funds that choose to tie their fates to the performance of companies led by women. Barclays’ Women in Leadership Total Return Index, which consists of American companies with a female CEO or whose proportion of female board members is at least 25 percent, is one…
Tags: hedge, fund
Paul Oyer, an economist at Stanford’s Graduate School of Business, is the author of “Everything I Ever Needed to Know About Economics I Learned From Online Dating,” published last month by Harvard Business Review Press. Through his own experience, Mr. Oyer became intrigued by the economics at work in the online dating marketplace. His book explores how knowledge of economic concepts can help narrow Cupid’s aim. Mr. Oyer’s personal strategy turned out to be a winning one: he met his current partner online.
http://economix.blogs.nytimes.com
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Greek debt tracker As the government in Athens haggles with its lenders over economic reforms,Greece is running out of money. Here is what it owes in the upcoming months. http://www.ft.com/ig/sites/2015/greek-debt-monitor/
Tags: economic, economy
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Commerce knits the modern world together in a way that nothing else quite does. Almost anything you own these days is the result of a complicated web of global interactions. And there's no better way to depict those interactions and the social and political circumstances that give rise to them…
Tags: economic, economy
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Group of 20 finance ministers need to find ways to boost productivity growth or risk seeing the world economy to slip into an extended period of low growth, the Organization for Economic Cooperation and Development said. The widespread drop in productivity may “presage the beginning of a new low-growth era,”…
Tags: economy, economist, economic
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Chinese economic growth slowed to the lowest level since 1999 last year, expanding 7.7%. Policymakers have recognized the need to rebalance economic growth and are now slowly transitioning away from a credit and export driven economy to one driven by consumer growth. Some argue that the recent crackdown on shadow banking and the money market rate spikes are…
Tags: economy, economic, economist
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THE founders of the internet were academics who took users’ identities on trust. When only research co-operation was at stake, this was reasonable. But the lack of secure identification is now hampering the development of e-commerce and the provision of public services online. In day-to-day life, from banking to dating,…
Tags: online, work, dating, economy
Here’s what to look for when Janet Yellen testifies before the House Financial Services Committee today in her first public remarks since becoming Federal Reserve chairman on Feb. 3. Yellen’s prepared remarks will be released at 8:30 a.m., and the hearing will begin at 10 a.m. Yellen plans to speak to the Senate Banking Committee on Feb. 13 in a second day of semi-annual testimony.
http://www.bloomberg.com/
(zerohedge) Goldman’s 5 Key Questions For Janet Yellen
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Federal Reserve Chairwoman Janet Yellen on Wednesday said interest-rate increases could begin in the first half of 2015, around six months after it winds down its bond-buying program. The Fed, in its policy statement, said the benchmark federal-funds rate will remain near zero for a "considerable time" after its signature…
Tags: yellen, fed, reserve, janet, federal, will
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Prior to the Fed's monetary stimulus at the start of financial crisis in 2008, the Fed held around $900 billion assets. Today the Fed's assets are $4.1 trillion and rising, but at a tapering pace.
Tags: today, fed, financial
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This past week marked the annual gathering of bankers, financial officials, and other economic experts hosted by the Kansas City Federal Reserve Bank in Jackson Hole, Wyoming. On Friday, Fed Chair Janet Yellen and European Central Bank head Mario Draghi both spoke; in a slow week for the markets, these…
Tags: fed, financial, yellen, reserve, federal
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Janet Yellen led her first monetary policy meeting as chair last week. But with Yellen’s emphasis so far on consensus and continuity, the key news from the Fed last week wasn’t anything Janet Yellen said, but what Federal Reserve Board Governor Jeremy Stein said at the International Research Forum on…
Tags: federal, reserve, yellen, janet, ready, questions, key, fed
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U.S. Treasury yields and other interest rates increased in the months leading up to the Federal Reserve’s December 2013 decision to cut back its large-scale bond purchases. This increase in rates probably at least partly reflected changes in what bond investors expected regarding future monetary policy. Recent research on this…
Tags: fed, federal, reserve, will
In the era of the Kindle, a book costs the same price as a sandwich. Dennis Johnson, an independent publisher, says that “Amazon has successfully fostered the idea that a book is a thing of minimal value—it’s a widget.” Construction by Ian Wright.
http://www.newyorker.com/
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In Mike McQueary, some see a hero who brought down a monster. Others see a liar who railroaded a legend. At the upcoming trial that will close the book on the Jerry Sandusky scandal, Joe Paterno's former protégé will have the final word. http://espn.go.com/espn/feature/story/_/id/10542793/the-whistleblower-last-stand
Tags: book, #longread
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Hayes has devoted the past fifteen years to studying atrazine, a widely used herbicide made by Syngenta. The company’s notes reveal that it struggled to make sense of him, and plotted ways to discredit him. http://www.newyorker.com/reporting/2014/02/10/140210fa_fact_aviv
Tags: #longread
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A few weeks ago David Carr profiled Kevin Kelly on page 1 of the New York Times Business section. He wrote that Kelly's pronouncements were "often both grandiose and correct." That’s a pretty good summary of Kevin Kelly's style and his prescience. http://www.edge.org/conversation/the-technium
Tags: good, #longread
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Nate Weiner is neither a journalist nor a publisher. He’s a developer bent on changing publishing, and he’s built the platform to do it. With 10 million users, Pocket is the largest save-for-later service on the market. But more than market share, what sets Pocket apart is its ability to…
Tags: publisher, #longread
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Meetings are such a fixture in our work lives that we constantly hear the same advice: have an agenda, keep it short, don’t invite too many people. However, despite the commonality of this well-meaning advice, research from Harvard suggests that half of all meetings are unproductive. http://99u.com/
Tags: #longread
The House could vote as early as Wednesday on legislation to raise the country’s borrowing limit, after Republicans met on Monday night in their latest effort to find elusive consensus on one of the final must-pass objectives before Washington goes into election mode.
Read more: Debt Ceiling: House Republicans Eye Wednesday Vote in Congress | TIME.com http://swampland.time.com/2014/02/10/debt-ceiling-limit-house-republicans-congress-boehner/
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Picking the best debt-ceiling explainer is a very subjective task. Do you like charts? Then you'll probably like to have the debt ceiling explained in one chart. Do you like movies? This one will explain the debt ceiling in 90 seconds. Do you like cheese from Denmark? Then you will probably like…
Tags: debt, ceiling, debt-ceiling
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U.S. Treasury Secretary Jack Lew urged Congress Friday to increase the debt ceiling, saying he is not confident extraordinary measures will last beyond Feb. 27. In a letter addressed to House Speaker John Boehner, Lew highlighted that the Treasury must start implementing "extraordinary measures" to continue to pay the nation's…
Tags: congress, limit, borrowing, debt, ceiling, house
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Not long after Alan Greenspan stepped down as Federal Reserve chairman in 2006, global financial markets began to unravel. The collapse of a few financial institutions, the near-collapse of many others, a massive bailout by multiple governments, and the worst economic downturn in three-quarters of a century ensued. Lots of…
Tags: debt-ceiling, debt
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October 22, 2014 Santiago, Chile The US government’s debt is getting close to reaching another round number—$18 trillion. It currently stands at more than $17.9 trillion. But what does that really mean? It’s such an abstract number that it’s hard to imagine it. Can you genuinely understand it beyond just…
Tags: debt
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There is no reason to further extend a European Union deadline for France to cut its budget deficit, the EU's top economic official said on Saturday, adding policy-makers should have learnt the lessons of the debt crisis and stuck to agreed rules. In June last year Paris got two more…
Tags: ceiling, debt
Some of the biggest names in Silicon Valley have been buzzing on Twitter over the last 24 hours about reinventing retail banking with better software.
“I am dying to fund a disruptive bank,” venture capitalist Marc Andreessen tweeted yesterday. Other Valley heavyweights chimed in, including Chris Dixon (a colleague at Andreessen Horowitz), Keith Rabois (Khosla Ventures), and Mo Kofyman (Spark Capital).
http://qz.com
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Follow up of my post on BIG COMPANIES NOW HAVE A HAND IN THE COLLABORATIVE ECONOMY Here is one picture.
Tags: economy
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http://www.teslamotors.com/sites/default/files/blog_attachments/gigafactory.pdf
Tags: economy
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Greek debt tracker As the government in Athens haggles with its lenders over economic reforms,Greece is running out of money. Here is what it owes in the upcoming months. http://www.ft.com/ig/sites/2015/greek-debt-monitor/
Tags: economy
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This is a story about ARM Holdings (ARMH), the mobile technology company. But before it gets going, here are a few things you need to know: 1. ARM is a company made up mostly of chip engineers. They design parts of chips—such as graphics and communication bits—and they design entire…
Tags: economy
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Publicis CEO Maurice Levy's last-ditch offer to let Omnicom chief John Wren be CEO couldn't save the $35 billion deal to create the world's largest advertising company. http://postcards.blogs.fortune.cnn.com/
Tags: economy
The popular game for mobile devices was removed from online stores on Sunday by its Vietnamese creator, who said its fame “ruins my simple life”.
Dong Nguyen, who created the game in just two to three days, was making as much as $50,000 (£30,482) a day from the game’s advertising revenue.
In several Twitter posts, he said the game’s removal was not due to legal issues and that he may make a sequel.
http://www.bbc.co.uk/news/technology-26114364
http://www.bloomberg.com/video/
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One reason for global market weakness is investors’ fears that emerging market economies may be heading for a broad crisis, sparked by higher U.S. interest rates and slowing growth in China. Much of the analysis in the last few days has focused on why these nations are less exposed to…
Tags: days, asian
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China's banks disbursed the most loans in any month in four years in January, a surge that suggests the world's second-biggest economy may not be cooling as much as some fear. Chinese banks lent 1.32 trillion yuan ($217.6 billion) worth of new yuan loans in January, beating a 1.1 trillion…
Tags: three, $, asian
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The yuan has recently been something of a safe haven among emerging-market currencies, yet market participants have learned from a bloody lesson over the past week that it is no longer an easy, one-way bet. A sharp fall of both the onshore and offshore yuan against the greenback made the…
Tags: drop, asian
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The People’s Republic of China’s (PRC) economy has shown signs of overheating despite a sharp slowdown in economic growth, suggesting that, constrained by the supply of labor, its potential growth rate might have fallen significantly from its past level. With the priorities of the PRC’s authorities shifting from raising economic growth…
Tags: asian
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Shanghai's over-the-counter equity market was almost deserted on a weekday morning last week. Two cleaning ladies swept the floor of a trading hall devoid of brokers or computers, while a woman at an information desk ate breakfast and talked on her mobile phone. During four visits this year to the…
Tags: mobile, asian
The Bitcoin Foundation said the Mt. Gox Bitcoin exchange in Tokyo is to blame for technical faults that prevented customer withdrawals of the virtual currency that lost as much as 21 percent of its value today.
“The issues that Mt. Gox has been experiencing are due to an unfortunate interaction between Mt. Gox’s implementation of their highly customized wallet software, their customer support procedures and their unpreparedness,” said Gavin Andresen, chief scientist for the foundation, which promotes and sets technical standards for the currency.
http://www.bloomberg.com/
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Read what @johngapper write in @ft Bitcoin is being forced to grow up fast. The arrest last week on money laundering charges of Charlie Shrem, a leading Bitcoin champion, coincided with a regulatory hearing in New York to consider what on earth it is – a virtual currency, speculative asset or…
Tags: bitcoin, currency, virtual, exchange
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The website of Mt. Gox appears to be taken down, shortly after six major Bitcoin exchanges released a joint statement distancing themselves from the troubled Tokyo-based bitcoin exchange. Mt. Gox's homepage was not loading, although no error message appeared. Mt. Gox was not immediately available for comment. "This tragic violation…
Tags: bitcoin, mt, gox, exchange, currency
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Who cares about Satoshi Nakamoto? Someone else has made Bitcoin what it is and has the most power over its destiny. In March, a bewildered retired man faced journalists yelling questions about virtual currency outside his suburban home in Temple City, California. Dorian Nakamoto, 64, had been identified by Newsweek as the…
Tags: bitcoin, andresen, currency, virtual
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The price of the digital currency bitcoin slid to its lowest level in nearly two months on Monday after bitcoin digital marketplace Mt. Gox said a halt on withdrawals it announced on Friday would continue indefinitely after it detected "unusual activity." http://www.reuters.com
Tags: bitcoin, withdrawals, mt, gox, currency
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Mark Karpeles, chief executive of Mt. Gox, the embattled Toyko-based bitcoin exchange, resigned on Sunday from the board of the Bitcoin Foundation, in the latest blow to the digital currency. Jinyoung Lee Englund, a spokesperson for the Bitcoin Foundation - a trade group promoting the adoption of the digital currency,…
Tags: bitcoin, foundation, mt, currency, chief, gox, exchange
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