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Ross Gerber Slams Trump's Tax Plan As 'Biggest...Scam Out There,' Says It Threatens Clean Energy Future: 'Big Ugly Bill'
Monday, June 30, 2025 - 8:22am | 1000Investment advisor and CEO of Gerber Kawasaki Wealth and Investment Management, Ross Gerber, has sharply criticized the new tax cut bill – One Big Beautiful Bill Act, which was passed by the House and awaits pending approval from the Senate. What Happened: In an X post, Gerber labeled it...
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Stanford's 'Terminator' AI Just Beat 93% Of Human Fund Managers Using Just Public Data, Professor Warns These Entry-Level Number Crunchers Risk Extinction
Friday, June 6, 2025 - 12:48am | 521Stanford's "Terminator" AI fund manager beat most Wall Street pros and now threatens junior analysts' jobs, researchers say. What Happened: The bot, built by Stanford Graduate School of Business professor Ed deHaan and Boston College colleagues, retro-tested more than 3,300 diversified mutual-fund...
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2024 Sees Record Number Of New ETFs, Driven By Active Fund Managers: Report
Thursday, June 27, 2024 - 9:16am | 652The year 2024 has reportedly witnessed a record-breaking number of new exchange-traded funds (ETFs) entering the market, largely driven by active fund managers. What Happened: According to Morningstar, 236 ETFs have been launched this year, including 166 actively managed ETFs. This is a significant...
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Is Now The Right Time To Invest In Nvidia? Fund Managers Are Split: 'One Of The Hardest Things I've Done'
Monday, May 13, 2024 - 1:00am | 732The stock of NVIDIA Corp (NASDAQ:NVDA) has been on a rollercoaster ride, with a 240% surge in 2023 and an additional 80% increase in 2024. This has led to a debate among investors on whether to buy now or wait for a potential drop in the stock price. What Happened: The recent performance of Nvidia...
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Fund Managers Are The Most Optimistic Since 2022: 'Bull Sentiment Not Quite At Close-Your-Eyes-And-Sell Levels'
Wednesday, April 17, 2024 - 12:55pm | 738A striking uptick in optimism among fund managers is visible in the latest Global Fund Managers Survey by Bank of America, with investors showcasing the most bullish outlook for global equities since January 2022. The survey included 224 panelists overseeing $638 billion in assets. It found that...
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Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 'Contrarian' Trades To Watch
Tuesday, May 16, 2023 - 5:29pm | 505A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth. Long big tech (32%), short banks (22%) and short the U.S. dollar (16%) were found to be the...
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Here's Why Fund Managers Are Turning Bullish On Chinese Stocks For 2023
Sunday, December 11, 2022 - 12:11pm | 471China relaxed some of its COVID-19 restrictions last week, following a public backlash to the country's rigorous "zero-COVID" policy. As COVID rules are easing, fund managers are now bullish on Chinese stocks for 2023 and predict a rally for the equities, reports ...
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Explaining A 'Crowded Trade,' And The Top 10 Cramped Plays Right Now
Wednesday, August 23, 2017 - 3:19pm | 571Simply put, a "crowded trade" refers to a stock that is widely held across active managers in different countries across the world. Analysts at UBS compiled a list of the top 10 crowded trades based on the sum of all the "holdings in dollar value across all the active managers and...
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Why Would Anyone Buy A Negative Yielding Bond? Simple: To Earn A Profit
Friday, September 9, 2016 - 3:07pm | 377Money managers who may be required to allocate a certain portion of cash in fixed income investments are faced with a simple problem: There are few opportunities where bond yields are attractive, let alone yielding a positive return. According to a CNBC report, large fund managers, such as...
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Follow The Pros? Money Managers Holding Largest Cash Position Since 2001
Friday, June 17, 2016 - 1:42pm | 242Fund managers across the world are hoarding cash, according to Bank of America's monthly fund manager survey. The bank's survey consists of 213 fund managers across the world who manage close to $900 billion worth of assets. Only 1 percent of the managers indicated they are overweight equities,...