In challenging market conditions, our flagship products have generated cumulative net returns of 42 percent and 70 percent respectively since inception,” he said.
Louis Dreyfus to wind down Edesia commodity funds in overhaul – (Reuters)
The firm will be one of the top auditors of mutual funds, exchange traded funds and hedge funds in the country, and a Top 50 CPA firm with nearly $100 million in annual revenue firmwide.
Arthur Bell Merges with Cohen & Company – (Cohen & Co)
The idea goes to the heart of what many blockchain supporters want to accomplish: eliminating middlemen in industries from finance to real estate to health care. It also makes digital currencies immune to recent efforts to control their trading by governments such as China, which is closing cryptocurrency exchanges within its borders.
This 31-Year-Old Is Trying to Revolutionize Cryptocurrency Trading – (Bloomberg)
There are more than 900,000 active oil and gas wells in the United States, and more than 130,000 have been drilled since 2010, according to Drillinginfo, a company that provides data and analysis to the drilling industry.
The United State of Oil – (Washington Post)
Palladium has been a standout even amid the recent boom in industrial metals like copper, surging to its highest levels since 2001 amid a yearslong deficit and closing the gap on platinum.
Could the Palladium Rally Lead to Changes in the Auto Industry? – (Wall Street Journal)
The new “encrypted digital currency,” called emCash, will be based on the latest blockchain technology, Dubai’s economy department says in a statement, and will be usable through emPay, a wallet launched by Emcredit to support contactless payments.
Dubai to Launch a State Issued Blockchain Based Digital Currency – (TrustNodes)
There have only been eight moves of at least 1% for the S&P 500 Index so far this year—the least since 13 in 1995.
Where Did All the Big Moves Go? – (LPL Financial)
Vanguard, the manager of about 370 low cost traditional funds and ETFs, and an institution famously associated with low cost retail investing, has made public a new paper on the inclusion of alternative investments in target date funds. It isn’t enamored of the idea.
ALTERNATIVE INVESTMENTS IN TARGET DATE FUNDS – (All About Alpha)
Stunningly, a greater share of adults in once-blue-collar Chicago now hold degrees—38.5 percent—than in New York (37 percent) or the U.S. as a whole (31.3 percent).
Chicago is now the nation’s best-educated big city – (Crain’s Chicago)
No travel assignment is ever straightforward, but reporting on the place you grew up presents specific challenges. Walking along the bungalow- and tree-lined streets in the Beverly neighborhood of southwest Chicago, where I lived until 2nd grade, a fog of memory followed me as I passed businesses my family used to frequent and the houses of old neighbors. I scarcely recognized Sutherland Elementary School, a red and white brick structure on my block. The house where I lived as a child was equally foreign, and seemed tiny, like a dollhouse.
Through Three Neighborhoods, Revisiting Chicago’s Charms – (New York Times)