(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half
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In a discussion that started around two Ontario crypto exchanges’ recent 30,000-Canadian-dollar limit on altcoins purchases — which excluded Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) — Ethereum co-founder Vitalik Buterin took a dig at XRP, which Ripple chief technology officer David Schwartz didn’t take very kindly. Buterin, in a response to a tweet, lauded the Ethereum community’s
Municipals sold off Wednesday with the largest losses up front, pushing the one-year triple-A yield well above 2%, the first time since March 2020. U.S. Treasuries were weaker and equities ended down. U.S. Treasuries started the day with large losses after higher inflation numbers out of Europe led to volatility early on but they pared
Federal Reserve officials discussed the need to keep interest rates at levels that restrict the US economy “for some time” in a bid to contain the highest inflation in roughly 40 years, according to an account of their most recent meeting. Minutes from the meeting, at which the US central bank raised its benchmark policy
A county judge declined to dismiss a lawsuit challenging the Oklahoma Turnpike Authority’s extension plan at the same time the OTA asked the state supreme court to validate bonds for the project. The ruling was the first in either of two lawsuits seeking to block OTA from building certain extensions as part of its bond-financed
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. Frederic J. Brown | AFP | Getty Images Mortgage rates fell slightly last week, but not enough to fuel any kind of recovery in consumer demand for home loans. Total mortgage application volume fell 2% from
People shop in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly | Reuters Consumers are expected to have spent just slightly more in July, but they may have boosted what they spent online in a big way. U.S. retail sales will be reported Wednesday at 8:30 a.m.
Municipals were weaker Tuesday as short-end munis continued to sell off, U.S. Treasuries were weaker 10 years and in and equities were mixed. Triple-A muni yields rose nine to 12 basis points in one-year, further inverting the curve on the short end. Heavy secondary trading on the short end moved one-year triple-A yields as much
After a nearly 30-year vacation from the bond markets, the Western Placer Waste Management Authority, California, returns next week with $97 million of solid waste revenue bonds. S&P Global Ratings assigned an AA rating to the deal. The $88.4 million Series 2022A bonds have a self-designated green label — without third-party verification — affixed, while
Bitcoin (BTC) showed weakness on Aug. 15, posting a 5% loss after testing the $25,000 resistance. The move liquidated over $150 million worth of leverage long positions and has led some traders to predict a move back toward the yearly low in the $18,000 range. The price action coincided with worsening conditions for tech stocks,
The global energy crisis deepened on Tuesday as a further surge in natural gas prices in Europe and the US threatened to push some of the world’s largest economies into recession. Gas markets in Europe jumped by as much as 10 per cent to as high as €251 a megawatt hour, equivalent in energy terms
Solana (SOL) price rallied by approximately 75% two months after bottoming out locally near $25.75, but the token’s splendid upside move is at risk of a complete wipeout due to an ominous bearish technical indicator. A major SOL crash setup surfaces Dubbed a “head-and-shoulders (H&S),” the pattern appears when the price forms three consecutive peaks
Billionaire tech entrepreneur Larry Ellison is parting with one of his oceanfront Palm Beach homes. After purchasing this 6.5-acre property in April 2021 for $80 million, he is now listing it for a whopping $145 million. The property is located in the ultra-exclusive enclave of Seminole Landing, a high-security gated community of 65 sprawling homes
Bitcoin (BTC) sank to intraday support on Aug. 16 as concerns emerged over the fate of United States stock markets. U.S. stocks face stiff resistance Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $23,685 on Bitstamp, nearing lows from Aug. 12. After an eerily calm 24 hours, downside set in at the day’s Wall
Ether (ETH) rejected the $2,000 resistance on Aug. 14, but the solid 82.8% gain since the rising wedge formation started on July 13 certainly seems like a victory for bulls. Undoubtedly, the “ultrasound money” dream gets closer as the network expects the Merge transaction to a proof-of-stake (PoS) consensus network on Sept. 16. Some critics
US homebuilder confidence fell in August, as high home prices, construction costs and interest rates threatened housing affordability and depressed demand. The National Association of Home Builders’ housing market index for August dropped 6 points to 49, below economists’ forecasts of 55, according to a Refinitiv poll. This is the first time since May 2020
After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using today’s ethereum exchange rates. Mega Ethereum Whale Distributes 145,000 Ether to 9 Different Addresses On August 14, 2022, onchain data
On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving average, a first since April 21 and perhaps a sign for bulls that the market has
The economist and gold bug Peter Schiff usually has a lot to say, and this past week Schiff explained during an interview that he believes the U.S. will face a financial crisis worse than 2008’s ‘Great Recession.’ Schiff explains that the U.S. has a lot more debt than it did back then, and insists America’s
A new lender has been granted a licence by UK financial regulators to offer mortgages with fixed rates of up to 50 years in a move aimed at helping borrowers manage soaring inflation. Perenna, a UK-based specialist lender, is initially planning to provide home loans that lock in rates for 30 years, before rolling out