If management saw you as an asset, they wouldn't let a 15 year nurse go and lose all that knowledge because they won't budge on increasing pay more than 2%. They don't try to retain staff because they don't value staff. They think we are all not only replaceable, but mostly interchangeable. They would enslave you if they could. When management thinks of nurses, they think of the #1 expense, and they think it is their job to cut it no matter what. You are a liability to them, and never forget it.

You can discuss something like these, ITT:

• Which fund houses are you currently investing with? Why did you invest in the funds?
• Reviews on the funds offered by the fund house?
• Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering?
• How easy it is to navigate & use their app / websites?
• Does the fund house provide periodic communication regarding the markets, fund performance and strategy?
• What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it?
• What does the PMS / AIF fee structure look like?
• Does the PMS manager provide periodic communications regarding portfolio selection and performance?

You can ask for general review of a particular product or service that you are researching - "What is the investing style of fund X? Is it recommended for long-term retirement needs?", but avoid asking for personal advice.

The discussion is for consumption by a broader audience, not just specific to you.

For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit.

Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services.

Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services.

Link to previous threads

I currently am debating two offers for after graduation. Being an equity associate at tier 1 asset manager (Fidelity, Pimco, etc.) or an analyst role at lower BB (DB, Citi, CS, etc.) investment bank? The salary is pretty close.

I'm torn because I'm way more passionate about investing and really only interested in banking for the buy-side exits. I think the asset management role would be more interesting but think it could limit my exit opportunities.

Does anyone have any insight on the pros and cons of each?

Was wondering, I saw Citadels AUM is around 250 b as of nov 2021. 35b as of oct 2020 only. A derivative is reflective of an asset's value, but is it itself an asset in this context? I looked through their filing (https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf) and couldn't find anything obvious to me with some ctrl f's.

Anyone know this? Do they have to report derivatives as an "asset" under management?

Thank you I am just a smooth brain :3

Hi!

I’ve been struggling to find an affordable, simple and hosted IT Asset Management system with a modern UI and no unnecessary bloat, so I’ve spent the past few months building one myself.

It’s called BlueTally and it’s free to use up to 50 assets, and $19/mo for unlimited assets. There is a live demo on the site you can try out.

https://bluetallyapp.com

I'd love to hear what you think could be improved!

This would the the second time our beloved Dr. Michael Burry goes Guh.

Here is the link: sec.gov/Archives/edgar/data/0001649339/000156761921020215/xslForm13F_X01/primary_doc.xml

Here is the list of his current holdings.

CVS: 200,000 shares. Valued at $16,972,000

Lockheed Martin: 30,000 shares. Valued at $10,353,000. He added to this. Maybe because he foresaw tension with Russia and China.

GEO: 1,158,820 shares. Valued at $8,656,000. He sold some of this.

CoreCivic: 412,126 shares. Valued at $3,668,000 . He sold some of this too.

Dnow: 150,000 shares. Valued at $1,148,000. He added to this. It's an Oil and Gas equipment supplier.

Scynexis: 174,030 shares. Valued at $922,000. This is a small company that will become a meme on social media. It is a biotechnology company, delivers therapies for the treatment fungal infections. I picked up some in the after hours.

SCION ASSET MANAGEMENT, LLC

HTTP://WWW.SCIONASSET.COM • SARATOGA, CA

## Scion Asset Management is based out of Saratoga and is run by Dr. Michael J. Burry. Scion Asset Management is a hedge fund with 5 clients and discretionary assets under management (AUM) of $638,901,404 (Form ADV from 2021-03-31). Their last reported 13F filing for Q3 2021 included $41,719,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. Scion Asset Management’s largest holding is CVS Health Corp. (Melville Shoe) with shares held of 200,000. Whalewisdom has at least 16 13F filings, and 7 13D filings.

Click link for current holdings with detail: https://i.imgur.com/HpdNN83.jpg

Original link to 13F https://whalewisdom.com/filer/scion-asset-management-llc#tabholdings_tab_link

TLDR:

• CVS 40.68% of Portfolio
• LMT 24.82%
• GEO 20.75%
• CXW 8.79%
• DNOW 2.75%
• SCYX 2.21%

There’s a lot to unpack here, but have at it:

Few notes. Massive reduction in securities:

• Q2 ‘21 USD 147,257,000.00
• Q3 ‘21 USD 41,719,000.00

TSLA PUTS comprised the largest portion of his portfolio in previous quarters and now make up 0%. Unknown what the actual loss was, but assume it was substantial.

• Q2 ‘21 35% -> Q3 ‘21 0%

Current lineup looks a hedge to some great coming apocalypse. This will end badly for Burry. I’d be surprised if SCION doesn’t shut down within a year.

Hello. I don't know what to think about the new Rails 7 frontend asset management.

On one side, Sprockets was about to be removed (where was the need to keep both Sprockets and Webpack?), and webpacker was embracing the npm ecosystem quite well, and despite some problems, webpack widely known and mature. So now instead of "just webpack" we have now js/css bundling + importmaps + sprockets. I don't like the fact to change the frontend things for every new Rails version. Moreover I feel uncomfortable with adding more and more tools, this often means more brittleness, and mental load about what is happening.

On the other side, keeping Sprockets means more integration with older gems.

What do you think ?

With the advent of algos, “robo-advisors”, and indexing, I’m curious what people with industry experience see the long-term trajectory of careers in this space looking like. Currently a tech consultant, and although tech consulting and other functions I can realistically pivot to, like product management, are all pretty green pastures right now, I still like to explore my options. What little finance I was able to take as electives in college excited me, and I feel I prefer more cerebral, “bigger picture” work, so I’m also curious about what those spaces look like post-MBA. Not sure if AM/IM typically only recruit from people with prior finance experience or if MBAs can handily career change into them - or at least equity research as a stepping stone - with enough due diligence and interview prep.

Given that good buy side jobs can be incredibly difficult to get, what other jobs would be good for someone who’s working towards getting the charter (I’m sitting L2 in February) that would be easier to get, with a view to getting a buy side job (like portfolio analyst/manager) in the future. I’m currently working as a consultant to banks for middle/back office change management projects in the UK & Ireland, and have been doing so for the last 1.5 years, but would like something closer to investments, research, transactions, etc. Any suggestions on what I could be looking for? Thanks!

I am looking at an offer for a commercial real estate job as an asset management analyst and an interested if anyone has any experience in that type of role, especially on the debt side. Also it would be good to know of common exit opportunities and if it’s likely that I can get into REPE after a couple of years. Any advice/insight will help on career advice, trajectory of my career, compensation potential, and/or just generally how the work was and what was the most interesting about it.

I got a Raspberry Pi 4 working with docker, but I am running everything on a thumb drive for speed. That space will run out quickly, and it looks like /data is the only location I can point to? I have a 2T harddrive also attached to the Pi, how can I store my assets on that device and access them in the game? Also, is there certain things I should have on the thumb drive verse the external?

Hello Everyone! Any advice on changing my kiwi saver from Nikko to Milford Asset Management? I am currently contributing 10% into my KiwiSaver however now planning to move to Milford: 3% into KiwiSaver and rest 7% into any other investment fund. If you are with Milford which funds do you suggest I should invest in? I have a apatite for aggressive investment provided the returns are good (understand the high risk too). My financial goal is to buy a house sometime in next 3-4 years and have a little bit investment on side too.

The returns for the last year have been more than 100% for the share price , dividend increase for 13 years and had 140% hike in last year, growing revenue and profits and looks to be truly investing in green and sustainable businesses. Plus no charges with investing on something like freetrade

January 5, 2022, 9:28 PM

5% On Helios, JP Morgan Asset reported an increase in holdings.

JP Morgan Asset Management, a subsidiary of global financial giant JP Morgan Chase & Co.

According to the report, the shareholding ratio of JP Morgan Asset and its joint holders in Helios increased from 5.43% to 5.46%. The mandatory reporting date is December 31, 2021.

Ministry of Finance: Accepted on January 5

Issuing company: Helios <4593> [TSE M].

Filer: JPMorgan Asset Management

Date of obligation Percentage of shares held (previous → current) Number of shares held Date of submission 2021/12/31 5.43% → 5.46% 3,008,753 2022/01/05 09:12

Hardy TS Kagimoto, MD, Healios Chairman and CEO will give a presentation at J.P. Morgan Healthcare Conference 2022.   Presentation Information Presenter: Hardy TS Kagimoto, CEO Date: Monday, January 10, 2022 Time: 10:30-10:55am(EST)

A little bit about me: non-target BA in economics, 5+ years of experience (1 year in investor relations, 3 years in FP&A/corporate finance, and now 1 year in strategy consulting), passed both CFA level 1 and CFA level 2 exams, and plan on taking level 3 in 2022.

My goal has always been to do something market facing, preferably on the buy side. I think learning about new companies every day and analyzing them from a fundamental/value perspective would be fascinating. Not yet sure whether I’d rather be in fixed income or equities, but I’m leaning towards equities. Dream job would be investing in emerging markets.

Anyway, given my experience, and assuming I become a CFA charter holder sometime in the next year, do you think I might be able to find my way over to the buy side at either a large asset manager or any size hedge fund?

Am I pigeon holing myself by staying within consulting for much longer? If I can’t get a job on the buy side with my current experience, what type of role should I be looking for as a stepping stone?

Do I need to go back and get my MBA after I get my CFA in order to pivot to the buy-side?

Any advice you’d give me in achieving this, any cautions/encouragements on the direction I’m trying to go?

Cheers!

Mi-a crescut venitul anul asta si ma gandesc sa investesc. Am gasit https://www.btassetmanagement.ro/ dar fiind complet nou la asta, nu stiu daca e cea mai buna solutie.

In orice caz, as alege ceva cu risc si randament redus spre mediu. Recomandari? Sfaturi de inceput? As vrea sa investesc cam 300 de euro pe luna.

Took some time to research, but I found the FIVE with SHORT-only positions in Clover Health Investments Corp. Note that there are other companies with even bigger short positions but they also have either call options and/or shares in $CLOV.

On 2021-08-16 Pura Vida Investments, Llc had filed Form 13F disclosing PUT Options representing 500,000 of underlying shares of Clover Health Investments Corp valued at $6.66 million USD as of 2021-06-30.

On 2021-08-13 Cowen And Company, Llc had filed Form 13F disclosing PUT Options representing 35,500 of underlying shares of Clover Health Investments Corp as of 2021-06-30.

On 2021-08-27 Blackstone Alternative Investment Funds - Blackstone Alternative Multi-Strategy Fund Class I had filed a NPORT-P form disclosing ownership of -45,900 shares of Clover Health Investments Corp Class A (US:CLOV) with total holdings valued at $-611,388 USD as of 2021-06-30.

On 2021-08-16 Warberg Asset Management LLC had filed Form 13F disclosing PUT Options representing 10,000 of underlying shares of Clover Health Investments Corp as of 2021-06-30.

On 2021-08-19 Weiss Strategic Interval Fund had filed a NPORT-P form disclosing ownership of -76 shares of Clover Health Investments Corp Class A (US:CLOV) with total holdings valued at $-1,012 USD as of 2021-06-30.

Personally, I would disregard the last two in the above list as they appear to have very small short positions. So I would concentrate on the first three as those with serious short-only positions in Clover Health Investments Corp, particularly Pura Vida Investments, Llc with PUT Options representing 500,000 of underlying shares of Clover Health Investments Corp valued at $6.66 million USD.

Note: 500,000 is 14 times the 35,500 Short position of Cowen And Company, Llc.

Also, please do not confuse Blackstone Alternative Investment Funds (-45,900 shares) above, with BlackRock Inc. who OWN 3,486,252 shares of Clover Health Investments Corp

Not financial advice as I am not a financial advisor. Do your own research and do what you think is best for you.

Edit: typo

Large long-only fund with $1.5trillion+ AUM. Both roles are in equities.

Which is a better choice to start one's career and why? Thank you in advance for any help, I'm really struggling to choose as I have heard very conflicting opinions.

Recently, exciting news about Cook Finance has been given to users. One of the news that has made more people interested in the world of Cook Finance is “Cook Finance and Avalanche”. This has made it a suitable solution for users who want to enter DeFi indexes but are afraid of high gas fees on Ethereum. If you've been interested in Cook's World, let's talk a little more about this project.

Ways to access the amazing world of Cook Finance:

• Website: https://www.cook.finance/
• Telegram: https://t.me/cook_english
• Twitter: https://twitter.com/cook_finance
• Github: https://github.com/CookFinance
• Discord: https://discord.com/invite/YQtzkrUSuh
• Medium: https://cook-protocol.medium.com/

What is Cook Protocol?
The Cook Protocol is known as a completely decentralized asset management ecosystem and built on a cross-chain solution and with the launch of this platform in the DeFi space, a revolution in DeFi asset management has been formed. This platform provides attractive features for Index selectors and Index creators and has brought the world of decentralized finance together. The protocol also provides security and transparency for its users.

What is a ckToken?
ckToken is known as an LP token and it shows what percentage of ownership is in an investment index. In fact, ckToken represents the ownership of a specific index. The concept of this token is inspired by a share in the stock market. You should also note that all fund managers only have trading access to smart contracts and will not have any permission to withdraw.

What is a COOK token?
The COOK token is known as a governance token and has an interesting function. This token allows token holders to shape the future of the COOK protocol or pay platform fees on Cook Protocol. As a result, with the help of token holders, we can see the growth of the ecosystem, the improvement of the platform structure, and the upgrade of the platform.

Roadmap
As you know, the most important part of a platform in the digital world is its roadmap. Here are some COOK protocol goals for you in the following list:

• Q1 _ Cook Protocol Architecture & UI Design Release
• Q1 _ Uniswap Listing
• Q2 _ Cook Index Development
• Q2 _ Cook Index Integration Testing
• Q2 _ Cook Index Th

Grayscale Bitcoin Trust and Ethereum Trust AUM have dropped 30% and 22%, respectively over this time period.

Grayscale Investments has $43.6 billion in crypto assets under management (AUM), the digital asset manager tweeted on Friday – a more than 28% decline from the $61 billion the digital asset manager held in early November.

• AUM in the Grayscale Bitcoin Trust, the firm’s largest holding, has decreased from $43.5 billion to $30.4 billion, a 30% decline during this time. The AUM of its second-biggest holding, the Grayscale Ethereum Trust, declined from almost $15 billion to $11.6 billion, a 22% drop.
• These decreases come as bitcoin and other crypto prices have fallen in recent weeks. But the total AUM also represents a roughly 170% increase over its $16.4 billion in holdings a year ago, reflecting a growing interest in cryptocurrency.
• Grayscale’s portfolio compared to a year ago is wider-ranging with the addition of multiple trust offerings earlier this year, including Chainlink’s LINK token, Brave’s BAT and MANA, the money for virtual world Decentraland.
• New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesks

source: coin-desk

https://www.businesswire.com/news/home/20190819005633/en/Scion-Asset-Management-Urges-GameStop-to-Buy-Back-238-Million-of-Stock-with-Cash-on-Hand

Dec 10th Earnings https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-third-quarter-fiscal-2019-earnings-release

Things to take away from this letter “As of August 19, 2019, Scion Asset Management and its affiliates own 3,000,000 shares, or 3.3%, of GameStop Corp. common stock

• my understanding is that they no longer own shares of GameStop

“Through August 15th, a total of 11 trading days, 50,399,534 shares have traded. At this rate, for the month of August and for the third month in a row, the number of shares traded will exceed the total number of shares outstanding. Because of such high volume, we maintain that GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth.”

“The unfortunate reality is that Amazon, not GameStop, bought Twitch in 2014. Instead, in 2014, GameStop started buying wireless store assets. And in 2017, Amazon, not GameStop, bought GameSparks - while less than a year ago GameStop reversed course and sold its wireless store assets. Shareholders are right to worry.”

“Notably, as of July 31st, 2019, Bloomberg reports short interest in GameStop stock at 57,226,706 shares – this is about 63% of the 90,268,940 outstanding GameStop shares at last report.”

The ledger that Burry tweeted was calculating the amount of shares that were bought back my game stop and Scion. ( the % is on the bottom of this sheet. The SI also looks to be at 30%.

Jan. 31, 2020 22.80M Oct. 31, 2019 114.00M July 31, 2019 62.90M April 30, 2019 0 Jan. 31, 2019 5.10M Oct. 31, 2018 0 Total of $204.8 million dollars was used to buy the shares

Looks like Burry was on to the same idea as the Comptershare theory: bring all the shares home and you will know how many shares outstanding there really are.

https://sprott.com/investor-relations/press-releases/sprott-asset-management-enters-agreement-with-north-shore-indices-inc-to-acquire-licensing-rights-to-the-index-tracked-by-the-north-shore-global-uranium-mining-etf/

Tell me your thoughts on this. I've been running some spreadsheets and keep coming up with the Assets Under Management fees as being a HUGE drain on my retirement accounts. Here's my situation and numbers (I've rounded the numbers to simplify the example)

Roth IRA account with $100,000
Our income is too high to add more to it, so the account will just grow on it's own.
25 years before I need the money
8% return in a low-fee index fund, .85% AUM fee

Here's the results I get in Excel. After 25 years:
Balance with AUM: $562,000
Balance withOUT AUM: $685,000
Difference: 21%, or $122,759

So, if I take out 4% a year in retirement, that's $22,500 with AUM, and $27,000 without. And that's not really a fair comparison, because the AUM account still takes .85% per year. So if I take 4.85% out of the non-AUM account, that's $33,200.

That's a 50% increase in my retirement income! Or, looking the opposite way, my financial advisor is taking 1/3 of my potential retirement income. What a terrible deal! Can you imagine if they pitched this up front?

"I will hold your Roth IRA for 25 years, but do no active managment. My fee during those years will be $123,000 on your account that currently only has $100,000 in it."

I just don't understand the justification. I assume everyone is just ignorant of this fact. And as long as their account goes up, they are happy.

Summary:

• Sold everything except for CVS (which he held), GEO and CXW (which he reduced)
• Bought just 3 stocks LMT, DNOW, and SCYX with Lockheed taking up 25% of the portfolio and CVS taking 41%
• The sleeping giant in this data is the cash position. Scion has around $42 million invested in stocks in Q3 2021. In Q2 2021, Scion had around $140 million in stock only positions (excludes options contracts). This translates to almost $100 million in cash or an 30% / 70% split between stocks and cash.
• The other thing that stands out is the lack of options positions.

https://preview.redd.it/7whvo8waisz71.png?width=950&format=png&auto=webp&s=b783f71e8e22211c43de5da8207d9886b7c48e36

Two NEW Institutional investors have decided to buy $CLOV shares.

Basically what the title says. I wanted to know since i would love to work in this field of finance what you think of the future of Asset Management? Is it sustainable and will jobs such as Portfoliomanagers etc. still exist in 20-30 years?

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You can discuss something like these, ITT:

• Which fund houses are you currently investing with? Why did you invest in the funds?
• Reviews on the funds offered by the fund house?
• Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering?
• How easy it is to navigate & use their app / websites?
• Does the fund house provide periodic communication regarding the markets, fund performance and strategy?
• What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it?
• What does the PMS / AIF fee structure look like?
• Does the PMS manager provide periodic communications regarding portfolio selection and performance?

You can ask for general review of a particular product or service that you are researching - "What is the investing style of fund X? Is it recommended for long-term retirement needs?", but avoid asking for personal advice.

The discussion is for consumption by a broader audience, not just specific to you.

For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit.

Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services.

Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services.

Link to previous threads

You can discuss something like these, ITT:

• Which fund houses are you currently investing with? Why did you invest in the funds?
• Reviews on the funds offered by the fund house?
• Provide your opinion on the investment services offered by the fund house. Do you avail their instant redemption features of the liquid funds? Do you use a "smart" SIP offering?
• How easy it is to navigate & use their app / websites?
• Does the fund house provide periodic communication regarding the markets, fund performance and strategy?
• What PMS scheme / AIFs are you currently invested in, if any? Why did you choose it?
• What does the PMS / AIF fee structure look like?
• Does the PMS manager provide periodic communications regarding portfolio selection and performance?

You can ask for general review of a particular product or service that you are researching - "What is the investing style of fund X? Is it recommended for long-term retirement needs?", but avoid asking for personal advice.

The discussion is for consumption by a broader audience, not just specific to you.

For advice regarding your personal situation (like "I have 25L saved up currently for retirement purposes in 30 years. What fund / PMS / AIF should I choose?"), the bi-weekly advice thread is recommended It's stickied at the top of the subreddit.

Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services.

Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the discussions only to reviews or requests for reviews of products and services.

Link to previous threads