Tag Archives: BlackRock

Coinbase wants Crypto ETF with Blackrock

As a bunch of recent Bitcoin ETFs were rejected by the Securities Exchance Commission, it seems Coinbase has gotten more desparate to get a legitimate player like Blackrock involved. They are one of the largest asset managers on the planet.

Here are some highlights of this article: `

An early pioneer of the ETF market, BlackRock is renowned for its popular, low-cost iShares family of ETFs.

Bitcoinist recently noted that BlackRock had no interest in becoming a crypto fund issuer itself. Its CEO Larry Fink recently said the firm’s clients have not expressed interest in the $300 billion market for digital currencies and crypto assets. He referred to Bitcoin as an “index of money laundering.” It seems BlackRock will solely be advising Coinbase in its ETF endeavors.

A Bitcoin ETF has been viewed as a next step in gaining legitimacy as an asset class and could lead to the entrance of more institutional money into crypto markets.

A special note about Coinbase from my experience. At this point, don’t bother trying to use their Coinbasepro exchange. There is a little volume and will not work if their entire crypto currency selection is down. I would figure 50% of the time is that.

Another down crypto currency asset class day with minimal losses

 

This video is to show how you can have an algo trading system that take few bumps in the space of crypto currency asset class. The problem is you need to keep those to a minimum when you watch this video. As I keep saying recent videos, you need to minimize this or even eliminate the risk of these losses. As I mentioned in this video, you need to have a potential shutdown mechanism which puts your system to sleep for a while. You may need to wait it out instead of fighting falling knives in a particular asset  class. I am find I using my ‘risk on risk off’ signal more and more with no seeing myself depend on this new capability. It seems many pros use this as a way to protect their daily target percent moves or event daily profit target.

Are you the risk kind

Why take the risk of loss in a losing battle when the crypto currency asset class goes south for a while. I will tell this asset class is very volatile where it is in the extreme down but 12 hours laters, it is back up. Strange I know but you can make profit if the crypto currency asset class can come back within a few hours.

I noticed that almost 100% of people signing up to my list are wanting access to my Trade a like a Boss PDF. This leads  you the buy and sell signal of trading. My Quant Analytics addresses that

 

Quant Analytics

 

 

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BlackRock cuts ranks of stockpicking fund managers (FT)

This was sent over by a member so thanks for them sending: (source is FT)

BlackRock cuts ranks of stockpicking fund managers Quant investment strategies to take the place of out-of-favour active managers Read next FTfm Stephen Foley BlackRock’s active funds navigate rough seas © Bloomberg Share on Twitter (opens new window) Share on Facebook (opens new window) Share on LinkedIn (opens new window) 64 Print this page March 28, 2017 by: Stephen Foley in New York BlackRock has fired several prominent stockpicking fund managers and plans to switch their funds to quantitative investment strategies, in what chief executive Larry Fink called a “pivot” away from areas of active management that have fallen out of favour. The company on Tuesday said it was introducing sweeping changes across its troubled actively managed equities funds, in a new example of the upheaval being wrought across the asset management industry by an investor shift towards lower cost passive funds. About 40 staff are being laid off, including seven portfolio managers, according to people familiar with the details of the plan. BlackRock is the world’s largest asset manager, with more than $5tn in assets under management. But $20bn flowed out of its actively managed equities business last year. Across the industry, funds whose managers use traditional fundamental investment research to try to pick winning stocks in highly liquid and efficient markets such as the US have consistently been shown to lag behind cheap index-tracker funds, and have suffered accelerating outflows. By switching dozens of large funds to new strategies that he hopes will prove more popular, Mr Fink is trying to signal to BlackRock’s shareholders that the company has more options than smaller fund groups who specialise only in active equity management. BlackRock “embraces change and turns it into an opportunity”, he said. “We are constantly anticipating how macro trends will reshape both our industry and our clients’ needs. We then pivot accordingly.” The shake-up is the result of a six-month review led by Mark Wiseman, who was poached by Mr Fink last year from the Canada Pension Plan Investment Board, the largest pension fund north of the border. The changes stretch beyond the US large-cap equity funds that have borne the brunt of the shift to passive investing and whose long-term results have been the worst compared with their benchmarks. Even funds such as the $825m BlackRock Global Small Cap fund will be converted to a new quantitative trading strategy that picks stocks based on numeric characteristics. It will adopt the new BlackRock Advantage brand, under which its quant funds will be grouped. That fund’s two managers, Murali Balaraman and John Coyle, are among the seven leaving the company. The Big Read Capital Group takes on the passive investors Once secretive asset manager embarks on an uphill battle against index funds In an interview, Mr Wiseman dismissed the idea that the fortunes of individual stockpickers will improve dramatically as central banks dial back easy monetary policy, as some fund managers have been hoping. “We don’t believe that hope is a viable strategy,” he said. A full list of affected funds will become clear on Wednesday morning, when BlackRock makes regulatory filings and begins to seek board approvals for the strategy shifts. In all, actively managed equity funds with assets totalling $8bn are involved, with about $6bn shifting to new quantitative investment strategies and $2bn switching to become fixed income funds. All of the new strategies come with lower fees, so BlackRock is hoping to limit the number of investors who pull their money because of the changes. The lower fees will mean $30m less in annual income, even if it manages to hold the existing assets. The company will also record a $25m charge in its next quarterly results to cover redundancy costs. According to the consensus of analysts surveyed by Bloomberg, the company is expected to post earnings of $793m for the first three months of this year, up 20 per cent, on revenues of $2.8bn.

Remember this story

 

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Blackrock Robot Fund and Consumer Relief

Blackrock Robot Fund and Consumer Relief

Blackrock can afford to take these huge risks

“We’re in really rough seas, but BlackRock is an aircraft carrier,” Mr. Wiseman said. “Everyone else is in dinghies, and they’re bailing like hell.”

https://www.bloomberg.com/view/articles/2017-03-29/robot-funds-and-consumer-relief

 

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BlackRock Stock Trading A.I. About to Replace Humans

BlackRock Stock Trading A.I. About to Replace Humans

Are you suprised by this? Remember Blackrock had a colossal loss in their quant fund a few months ago

https://www.inverse.com/article/29670-blackrock-stock-trading-program-unemployment-white-collar

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Blackrock quant robot stock pickers have record losses

Blackrock quant robot stock pickers have record losses

They have must hired more overpaid idiots with fancy education pieces of paper

https://www.bloomberg.com/news/articles/2017-01-09/blackrock-quants-sustain-record-losses-in-setback-to-fink-plan

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#blackrock Michael Fund assets surged 11 fold in three years

Michael Fund assets surged 11 fold in three years

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/08/blackrock-Michael-Fund-assets-surged-11-fold-in-three-years.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/08/blackrock-Michael-Fund-assets-surged-11-fold-in-three-years.jpg” size=”large”]
#blackrock Michael Fund assets surged 11 fold in three years

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#blackrock high yield bond #etf how did the biggest weekly flow

high yield bond how did the biggest weekly flow

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/06/blackrock-high-yield-bond-etf-how-did-the-biggest-weekly-flow.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/06/blackrock-high-yield-bond-etf-how-did-the-biggest-weekly-flow.jpg” size=”large”]
#blackrock high yield bond #etf how did the biggest weekly flow

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Largest #asset managers include #blackrock #vanguard #statestreet

Largest managers include

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/06/Largest-asset-managers-include-blackrock-vanguard-statestreet.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/06/Largest-asset-managers-include-blackrock-vanguard-statestreet.jpg” size=”large”]
Largest #asset managers include #blackrock #vanguard #statestreet

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#BlackRock sees value in emerging local currency #Bond after rally

sees value in emerging local currency after rally

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/04/BlackRock-sees-value-in-emerging-local-currency-Bond-after-rally.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/04/BlackRock-sees-value-in-emerging-local-currency-Bond-after-rally.jpg” size=”large”]
#BlackRock sees value in emerging local currency #Bond after rally

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How #SaudiArabia Sovreign #Wealth #Fund compares to #BlackRock #Fidelity

How Sovreign compares to

[igp-video src=”https://quantlabs.net/blog/wp-content/uploads/2016/04/How-SaudiArabia-Sovreign-Wealth-Fund-compares-to-BlackRock-Fidelity.mp4″ poster=”https://quantlabs.net/blog/wp-content/uploads/2016/04/How-SaudiArabia-Sovreign-Wealth-Fund-compares-to-BlackRock-Fidelity.jpg” size=”large”]
How #SaudiArabia Sovreign #Wealth #Fund compares to #BlackRock #Fidelity

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