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Fri12152017

Last updateSat, 29 Jul 2017 12am

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Fidelity Contrafund | Will Danoff's Success

$10,000 invested in Fidelity Contrafund on 1990-09-17, has grown to $217,541, 13.1% compound annual return.  S&P 500 returned 9.9% p.a. during the span and the average large-cap growth fund - 8.9%p.a.  Will Danoff is the manager behind Fidelity Contrafund.  On 2015-09-16, he completed 25 years as the fund manager of Fidleity Contrafund with AUM of $103 billion, second only to American Fund's Growth Fund of America, among actively managed domestic equity mutual funds.

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An "Unhedged" Year For the Hedged Funds

2015 is an "unhedged" year - Hedge funds as a whole are on track to post one of their most disappointing years since 2011, with the industry on average down 1.3 per cent, according to the HFRI Fund Weighted Composite index. The HFR macro index is down 0.64 per cent year to date.

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The cause of the recent market volatilities

When markets fall fast and hard, investors look for something to blame. This time around, a lot of the ire is focused on a trading strategy known as risk parity,i.e. the risk parity strategies amplified a market downdraft.

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King of Sugar - Robert Kuok's Pearls of Wisdom

Robert Kuok, Malaysian billionaire entrepreneur, in the commodities world, nicknamed the "King of Sugar", but better known as the man behind the Shangri-La Asia Hotel Group.  The 91 year old tycoon is also the uncle of Wilmar co-founder and Chief Executive Kuok Khoon Hong.

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What you should know about bear Markets

A bear market is a downturn of 20% or more, lasting at least 60 days, in any broad equity index such as the Dow Jones Industrial Average, the S&P 500, or the Nasdaq.  It is triggered when investors lose faith in the market as a whole - decreasing the demand for stocks. If the 20% plus downturn lasts less than two months, it's considered a correction instead of a bear market.

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