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Articles related to "fund"


A practical case on why we need the humanities

  • Which means the taxes that pay to fund the public universities that make up the great bulk of the study of the humanities are going to mostly come from people who have not, or could not, avail themselves of a humanistic education.
  • Even if we made the humanities available to all – a goal I robustly support (it is one reason I am spending all this time working on this open, free web platform, after all) – that effort would likely have to be publicly funded through a great many tax-payers who did not care to consume much of the academic products of the humanities (even if they consume many of its pop-cultural byproducts without knowing it).

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Holding cash is a sign of fear, and fear is the worst investment of all

  • If most Canadians expect long-term investment returns of five-per-cent-plus, and money market funds have not provided one per cent over the long term, the only reason to have long-term money in a money market fund or bank account is either fear or a true belief that you are able to add value through timing of getting in and out.
  • Balances dropped 35 per cent, or $23.5 billion moved from the safety of money market back into some form of longer-term investment.
  • I had mentioned earlier that the only reasons to move long-term investment money into an asset class that is guaranteed to underperform your long-term goals is either fear or a true belief that you are able to add value through timing of getting in and out.
  • The bottom line is that cash, money market, and GICs are not good for your long-term investment returns.

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What investors can learn from the Virgin bond saga

  • The minimum investment was lower than those attached to other comparable deals and the 8 per cent yield was vastly more desirable than the 1 per cent return available to investors in government bonds in the current environment, she says.
  • Crestone Wealth Management vice-chairman Clark Morgan, whose firm was among the co-managers of the Virgin debt raising and had a "limited number" of clients invested in the bonds, stands by the advice provided.
  • Wealth manager Hamish Foletta of Sarto Advisory, however, says it is precisely the listed nature of bonds issued by corporates like Virgin that can make them attractive in the first place.
  • Though these newer investment products have been a "positive development" in democratising access to bonds, Foletta wants to see more big listed companies issue debt to regular investors, while acknowledging that Virgin has perhaps not been the best ambassador for the model.

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AMP board's risky appointment

  • The board of AMP Capital was briefed on the allegations brought against Pahari, which were the subject of a 2017 independent investigation by British QC Andrew Burns of London-based Devereux Chambers.
  • Judging from the comments made by AMP Capital employees Pahari does not seem to match up to the "Level 5" leadership category described by legendary business analyst Jim Collins.
  • The AMP board must have believed Pahari was an outstanding leader ideally suited to managing a company with $190 billion in funds.
  • AMP Capital employees are unhappy with the appointment of Boe Pahari, who the subject of a sexual harassment complaint - and the stoush has attracted attention from one of America's highest profile #MeToo champions.

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Holding cash is a sign of fear, and fear is the worst investment of all

  • If most Canadians expect long-term investment returns of five-per-cent-plus, and money market funds have not provided one per cent over the long term, the only reason to have long-term money in a money market fund or bank account is either fear or a true belief that you are able to add value through timing of getting in and out.
  • Balances dropped 35 per cent, or $23.5 billion moved from the safety of money market back into some form of longer-term investment.
  • I had mentioned earlier that the only reasons to move long-term investment money into an asset class that is guaranteed to underperform your long-term goals is either fear or a true belief that you are able to add value through timing of getting in and out.
  • The bottom line is that cash, money market, and GICs are not good for your long-term investment returns.

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The billionaire founder of Netflix is giving $120 million to black colleges

  • Netflix founder Reed Hastings is making the single biggest donation, by a couple or an individual, to racial justice in the aftermath of the killing of George Floyd, putting $120 million into America’s historically black colleges and universities (HBCUs).
  • Most gifts from tech companies and billionaires so far have been smaller and focused on other causes: The biggest tech gifts came from Apple and YouTube, which each promised $100 million for broad investments in the black community; Facebook pledged $10 million for unidentified racial justice causes; and Netflix unveiled a $5 million promise to fund black creators and black businesses earlier this week.
  • American companies and individuals have pledged or committed about $2 billion in total donations for racial justice after the killing of Floyd, according to Candid, including a $100 million promise from Michael Jordan, the biggest individual gift.

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Why fixed-income diversification is a myth

  • Whereas a diversified global equities fund run by Magellan might include 25 to 30 global stocks, active bond (or credit) portfolios typically comprise hundreds, if not thousands, of individual securities.
  • This also contributed to havoc in the passive, exchange-traded fund (ETF) world where index-tracking products that were meant to be diversified across hundreds of Aussie bonds suddenly endured extreme illiquidity and price declines that were much larger than the losses recorded by the benchmark the ETF was supposed to be hugging.
  • They don’t need or expect daily liquidity and are very comfortable with the idea that a diversified portfolio of high-yield bonds are inevitably going to experience downgrades and defaults, which is the inevitable trade-off they accept for the loftier returns these strategies can generate during the good times.

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Olympus now lets you use some of its mirrorless cameras as webcams

  • Olympus is becoming the latest camera company to release an app that allows customers to use its mirrorless cameras as high-quality webcams with a new OM-D Webcam Beta app, via PetaPixel.
  • Olympus notes that the OM-D Webcam Beta software doesn’t output sound from the camera — instead, you’ll rely on your computer’s internal microphone or an external USB microphone as usual.
  • The decision is an intentional one, the company notes, as it allows users to place the camera in the best location for video without worrying about being too far to pick up your voice.
  • Despite those plans, it seems that Olympus isn’t just leaving its customers in the lurch, with development of new software like the OM-D Webcam Beta and a newly announced lens roadmap for its existing products.

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House OKs $100B broadband plan with $50 monthly discounts for poor people

  • The US House of Representatives yesterday approved $100 billion worth of broadband funding as part of a $1.5 trillion infrastructure bill.
  • The broadband portion is modeled on the Democrats' "universal fiber" plan we wrote about last week.
  • The plan includes $80 billion in fiscal year 2021, money that the Federal Communications Commission would use to fund high-speed broadband projects in unserved and underserved areas.
  • The bill has additional money for broadband-deployment loans, grants for states to pursue digital-inclusion projects, Wi-Fi on school buses, and network equipment for schools and libraries.
  • It also includes a $9 billion Broadband Connectivity Fund to provide $50 monthly discounts for low-income broadband users, and $75 monthly discounts for low-income households in Tribal lands.
  • Another Democratic bill would provide $50 monthly broadband credits ($75 in Tribal lands) for people who have been laid off or furloughed during the pandemic.

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Jeffrey Epstein's accusers can now seek compensation from fund

  • After months of negotiating between counsel for the executors of Epstein's estate and the alleged victims, a probate judge in the US Virgin Islands gave the compensation program the green light in early June.
  • Epstein allegedly transported underage girls to his homes in the US Virgin Islands and forced them into sex work from 2001 through 2018, according to a lawsuit filed by the Attorney General of the US Virgin Islands.
  • Attorneys for Epstein's estate executors first filed a request that November to pursue a victim compensation fund to avoid litigation.
  • If victims accept compensation, they wave their right to future litigation against Epstein's estate, but they can reject or withdraw their claim at any time before they sign a release.
  • The suit filed in the US Virgin Islands in January alleged that Epstein used a system of private planes, helicopters, boats and vehicles to bring young women and girls to his island residence on Little St. James.

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