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When Did You Learn the Language of Money? - Los Angeles Sentinel

When Did You Learn the Language of Money?
Published April 22, 2021
Wendy Gladney
Do you remember how old you were when you first learned the value of money? Did anyone ever take the time to sit down and explain to you what money means and how to make it work for you? The O’Jays put out a song called, “For the Love of Money” that talks a lot about what people will do for money, but it does not talk about the importance of respecting and investing money. How we view money plays a role on how we treat it and ultimately how it will treat us. ....

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Hedge funds training 16-year-old interns in Singapore

SINGAPORE (BLOOMBERG) - In the dog-eat-dog world of hedge funds, giving an internship to a 16-year-old is almost unheard of. But when local talent is hard to find, teaching a minor how to generate alpha can be a worthwhile investment.
And so last year, Raffles Girls School student Cao Yi Ke spent two weeks at Modular Asset Management, a nearly US$1 billion (S$1.34 billion) Singaporean hedge fund spun out of Millennium Management. She crunched data on spreadsheets, chatted with veterans and watched nerve-racking meetings where money managers defended their investment ideas from peers.
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GAM forecasts loss after 'very challenging' 2020

Financial News
GAM forecasts loss after ‘very challenging’ 2020
The expected net loss comes as GAM said the final three months of 2020 saw its investment management business post net inflows, the first positive flows since the beginning of 2018
By
Monday January 18, 2021 11:00 am
GAM, the Swiss asset manager which has struggled to stem investor outflows since sacking of star fund manager Tim Haywood two years ago, has said withdrawals from its funds are slowing but that it expects to report a loss for last year.
The Zurich-headquartered firm said the forecast net loss of CHF380m for 2020 was the result of an impairment charge of almost CHF378m reported in June, relating to goodwill created by the acquisition of GAM by Julius Baer and UBS. ....

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How Goldman Sachs Is Streamlining Its Wealth Management Business

The Wall Street giant is rebranding its Ayco business and putting it into a new high-net-worth unit along with the company’s in-house RIA: the former United Capital. ....

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