Jim Simons an enigma

Jim Simons who is worth $23bn is the greatest money maker in modern financial history, no other investor neither Warren Buffett, Rau Dalio, Steve Cohen, Peter Lynch, or George Soros can touch his record. Since 1988, Renaissance’s signature Medallion fund has generated average annual returns of 66 per cent and earned profits of over $100…

Woodford collapses and traps clients

Three Hundred thousand customers of Hargreaves Lansdown were caught in the collapse of Woodford Investment management.  The Uk’s biggest online funds supermarket had championed Neil Woodford, who on Tuesday announced that he was closing his company after being fired from his own flagship fund.  Hargreaves promoted Woodford fund on its best- buy list and attracted…

BlackRock achieves record profit and swells inflows of $84bn

The world’s biggest fund manager BlackRock has achieved a record profit margin, as new clients and lower costs boosted its assets, which attracted $84bn inflows in the third-quarter, with half going to its iShare business, an ideal passive investment vehicle where Exchange-Traded Funds are engineered to meet your investment goals. Its active equity funding attracted…

Ahren raises £196m for start-up innovation funding

Ahren, an innovative fund  backed by eight of Cambridge’s best known scientists and engineers, has raised  £196m ( $250m) to invest in companies aiming to create new technologies with large market potential. The scientists hope the fund will help to ease the shortage of capital for innovation start-up companies in the UK. the range of…