You've heard about the pending European bailout of Ireland - but why is happening now? CNBC's John Carney asks "why would the Eurocrats demand a bailout of Ireland when Ireland insisted it didn’t need one?" It has more to do with their immediate needs than …
November, 2010 Archive
Who Needs Wall Street?
Find the time for John Cassiday's lengthy New Yorker feature that asks if Wall Street adds any real benefit to society, given that "[f]or years, the most profitable industry in America has been one that doesn’t design, build, or sell a single tangible thing." Cassiday quotes anonymous …
U.S. Markets Limit Losses in the Face of European Economic Fears (GS, CPB, HRL, GES, TIVO, MDT)
Though it didn’t come as much of a surprise, Ireland’s request for financial assistance from the International Monetary Fund and the European Union had a dramatic, if temporary, affect on U.S. markets on Monday. By midday the Dow Jones Industrial Average lost as many as …
New Positions on Covestor (AXP, AGO, TRW)
In the Systematic Long-Only model managed by Ascendere Associates, the goal is to find stocks and ADRs with the potential for growth at reasonable prices and a market cap greater than $2.5 billion. Let’s take a look at three different positions recently added to the …
Covestor Model Manager Compliance Webinar
On November 10, 2010, Covestor hosted the first model manager Compliance Webinar featuring Chief Compliance Officer, Anne Dewey and Director of Manager Relations, Eric Esterkin. The Webinar covered the dynamics of our relationship with model managers, our compliance requirements and specific examples addressing the most common misconceptions. If …
New Positions on Covestor (WXCO, MPAA, PSQ)
Richard Moore manages the Covestor model Market Comparables by using financial models that have been long refined. He looks at the financial forecast of companies and assesses their potential for earnings growth. During the last few weeks, Moore has added many additional positions to the …
New Positions on Covestor (AAPL, UYM, UWM)
The Technical Swing model managed by Michael Arold uses technical indicators and movements in the market to determine which equities to add. As a short-term model, the goal is to take advantage of short-term price swings. On November 2nd, Arold added Apple Inc (NASDAQ: AAPL) …
Interview with J. Stephen Castellano of Ascendere Associates (WSM, ALB, AXP, TRW, UNP, FOSL, GILD, UFS, IP)
This week we talked to Ascendere Associates founder J. Stephen Castellano about the financial models and consensus estimates used to help choose investments for his Systematic Long-Only model. Covestor LIVE: Can you tell us a little bit about the financial models utilized to pick equities …
Clients demand more openness from wealth managers
Private Banker International (PBI) * reports on a survey conducted by Scorpio Partnership on behalf of SEI that has highlighted that the disparity between the wealth management industry and their clients when it comes to the issue of transparency. Clients are demanding openness. While the …
New Positions on Covestor (EWD, EWH, THD, TUR)
Fund (EWD), a fund that attempts to mirror the performance of the MSCI Sweden index. On November 10th, the fund was trading at a discount to NAV. EWD’s price