(Bloomberg) — BlackRock Inc . unveiled plans for its first mutual fund-to-ETF conversion this week, joining a growing list of asset managers that have made the jump amid a one-way flood of money between the structures. The world's largest asset manager will return more than $700 million BlackRock International Dividend Fund in an exchange-traded fund…
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Learn how to code? A standard engineering degree may not be enough. In one the last post IN Harvard Business ReviewGoldman Sachs Chief Information Officer Marco Argenti said AI can now write high-quality code, sometimes bigger than humans, and the technology is only getting better. So how does an engineer keep it? He told readers…
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Conventional wisdom suggests that a company's market share predicts its profitability—active investment strategies often use this as a key metric—but empirical research finds that there is actually not much of a relationship between market share and profitability. Verdad's Dan Rasmussen examined all US and Canadian public and private firms with more than $10 million in…
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Opinions expressed by Entrepreneur contributors are their own. Contrary to popular belief, achieving professional goals it does not always have to equate to income. Although money makes a difference when growing your brand and solidifying your place as a successful entrepreneur, make sure you're investing in yourself in other ways as part of a long-term…
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Cresset is adding two San Francisco-based teams with a total of $5 billion in assets managed by JP Morgan Wealth Management. it's the last exit from the bank of former councilors of the First Republic. The teams include three lead advisors and 12 support financial advisors and collectively managed assets for 160 client families. Connected:…
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Opinions expressed by Entrepreneur contributors are their own. There is no such thing as the perfect time for it start a business. I know. Growing up in a family business, I always thought I would enjoy owning my own business, but I waited for the perfect time. Then, I got fired from my broadcasting job…
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The Carson Group's failure to handle an alleged sexual assault at a conference by an employee of the firm left its former chief marketing officer psychologically scarred, according to a lawsuit filed in Nebraska federal court on Friday. In her complaint, Mary Kate Gulick alleges that the firm did not adequately respond to allegations that…
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Today, Joshua Britton is the founder and CEO of debutor biotechnology company delivering “high-performance” bioactive cosmetic ingredients “at unprecedented speed.” But before the beginning began innovate in the biotech space, it was just an idea, stemming from “some academic research,” “a lucky Uber journey” and a “vision for the beauty industry,” says Britton. Image Credit:…
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Berkshire Hathaway, the multinational conglomerate holding company led by Warren Buffett, has long been hailed as a model of successful business management and investment strategy. An integral factor contributing to its triumph is a carefully crafted succession plan that has been in place since at least 2006. That plan, inadvertently revealed by Vice Chairman Charlie…
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Once-buzzed-about workwear retailer Express officially filed for Chapter 11 bankruptcy protection in the US on Monday. The retailer will be closed 100 stores across the country, court documents filed in Delaware said. The listed assets and liabilities are estimated to be worth between $1 billion and $10 billion. Express' portfolio includes brands such as Express,…
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