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…

Rich and diverse civilization

A Tunisian friend of Justin Marozzi told him, “I’m embarrassed to be an Arab these days. Everywhere you look there’s chaos, fighting, bloodshed, dictatorship, corruption, injustice, unemployment. The only thing we’re leading the world in is terrorism”. For centuries the caliphate was both ascendant on the battlefield and triumphant in the battle of ideas, its…

Shanghai Starboard to rival Nasdaq on Wall Street

China’s launch of  a new technology focused stock exchange  to rival Nasdaq on Wall Street has underlined the significance of state funding to the country’s fastest growing tech sector. Of the first 25 companies listed on Shanghai’s Starboard, 14 report state-owned investors  among their top three shareholders . The first 25 listing, which raised $5.3bn,…

Investor exodus and Kent County Council force Woodford to block redemptions

Investor exodus including Kent County Council, a longstanding backer asking return of £250m has forced Neil Woodford blocking redemption from his £3.7bn equity income fund  after a catalogue of under performance, inflicting serious blow to the reputation of the UK’s highest profile fund manager. The freeze on redemption came exactly five years  after Mr Woodford…

Bitcoin billionaires

Bitcoin Billionaires is a tale of Winklevoss twins and their outrageous venture into the chaotic world of cryptocurrency bitcoin exploring the techno-ideological experiments and financial manias. Ben Mezrich, the New York Times bestselling author of the Accidental Billionaires and Bringing Down the House comes his latest Bitcoin Billionaires.  Harvard educated identical twins Cameron and Tyler…

Amazon better watch out

Alibaba, the Chinese ecommerce group, is overhauling its business model of a fast-growing subsidiary in an attempt to offer a complete international service which can challenge Amazon, the world’s largest online retailer. Trudy Dai, President of Alibaba’s wholesale marketplaces division AliExpress, which sells goods from Chinese retailers to customers in more than 150 countries –…

Capitalism is the best economic system

Torben Iversen, a Danish political science and professor and David Soskice, British economist and professor at the London School of Economics addresses does capitalism conflict with democracy with a resounding “no”, Not only capitalism work, it is also the only economic system that works and insists that democracy and the advanced market economy are symbiotic.…

How to navigate a debt crisis

The founder of the world’s largest Hedge fund Bridgewater Associates which is a global macro investment firm and Hedge fund guru Ray Dalio, simplifies the big debt meltdowns by analysing the issue into cause and effect.  Dealing with Debt Crises is about spreading out the pain, and spread out the cost of the debt widely…

5 boiler room  £2.8m scammers handed down sentences totalling 17.5 years

The Financial Conduct Authority who brought criminal prosecution, its second largest in terms of volume of evidence seized, after successfully investigating five different boiler room groups, one of which claimed to be “ one of the UK’s largest wealth advisory firms”,  a scam that resulted in £2.8m losses, got five people jailed for 18 years…