Month: June 2017

Disneyland—arguably the world’s most famous theme park—very nearly didn’t get built at all. Back in 1953, even Walt Disney’s own production company refused to put up the money needed to build the park. But when Walt’s brother Roy set up a big meeting with potential investors in New York, Disney and imagineer Herb Ryman worked
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Financial advisors can deploy a variety of strategies to decrease the toll that taxes can take on retiree clients’ portfolios. The following are three areas of focus. Income: Sources and timing of income can affect tax liability. Retirees with large taxable investment accounts should utilize qualified dividends, long-term capital gains and tax-free municipal bond income,
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New York leads the world in the number of super-rich multimillionaires, though Hong Kong is catching up, according to a new report. A study by Wealth-X found that the New York metro area — which includes parts of New Jersey, New York and Pennsylvania — had 8,350 people worth $30 million or more by the
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Marriage should last forever. The cost of your wedding shouldn’t. Wedding spending hit a new high in 2016, The Knot said in a recent report. The wedding marketplace specialists say average weddings now cost $35,329, up eight percent since 2015. Meanwhile, The Wedding Report says the average cost of a wedding rose less than 1
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President Donald Trump is losing support among millionaires, who increasingly worry about government dysfunction. CNBC’s Millionaire Survey found that 45 percent of millionaire respondents voted for Trump, compared with 41 percent for Hillary Clinton. (The survey respondents were 39 percent Republican, 24 percent Democrat and 35 percent independent). Yet when asked to rate Trump’s first
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Socially responsible investing is attracting more dollars than ever. In fact, following the recent developments around the Paris Climate Agreement, many investors are likely asking themselves how they can use their money to make a positive impact. The total U.S.-domiciled assets under management using sustainable, responsible and impact strategies grew to $8.72 trillion, up from
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Socially responsible investing is attracting more dollars than ever. In fact, following the recent developments around the Paris Climate Agreement, many investors are likely asking themselves how they can use their money to make a positive impact. The total U.S.-domiciled assets under management using sustainable, responsible and impact strategies grew to $8.72 trillion, up from
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If a new study is an accurate indication of what the investment management industry will look like in a decade, investors are poised to benefit. Released by the CFA Institute, “Future State of the Investment Profession” shows that the trends influencing how money managers and financial advisors run their businesses are pushing them toward a
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China’s Shenzhen exchange falling 1.3 percent overnight highlights how easily the country’s regulators can affect trading in the country’s stocks. It’s an issue for international investors, since MSCI, one of the world’s biggest indexing firms, just agreed to begin including mainland China stocks in its global indexes, which are used in some of the biggest
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Revenue for the quarter rose 3 percent. Subscription software reached more than $1 billion for the first time. Oracle has been pushing hard in public cloud, aiming to compete with market leader Amazon Web Services (AWS). In May, Oracle said AT&T would move thousands of databases to its cloud. However, the second-generation cloud infrastructure that
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The key for investors, as always, is to look forward. And while the recent past has been a great environment for long-only risk assets, hedge funds can provide several unique advantages for investors, including the potential for capital preservation, return enhancement and portfolio diversification. Since World War II, the S&P 500 Index has experienced 10
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It has been a decade since Stephen Schwarzman listed Blackstone, his private equity firm, on the New York Stock Exchange. By most measures, the past 10 years have been good to both Mr Schwarzman and Blackstone. Its asset base quadrupled to nearly $400bn. His name adorns the New York Public Library’s landmark Fifth Avenue building
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The head of Hong Kong-listed China Minsheng Banking said it had lent Anbang Insurance Group only US$100 million, brushing aside speculation about a loan of up to 100 billion yuan (US$15 ­billion) to the insurance and financial giant, mainland ­media reported. The remarks by the bank board chairman, Hong Qi, came after reports that Anbang
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A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world’s premier financial centres, even as Beijing struggles to tame the former British colony politically. Twenty years after Hong Kong’s handover to Chinese rule, scores of mainland professionals are filling the elite
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