Markets

‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla

Will Danoff, manager of the $US230 billion Fidelity Contrafund, told Bloomberg that there’s a “demographic issue” for mutual funds: Gen Z is not very interested in owning them. “We need to appeal to the Gen Z-ers and the younger generation as well,” Danoff said. Danoff also lamented selling a large […]
‘We need to appeal to the Gen Z-ers’: A Fidelity fund manager overseeing $230 billion explains how his firm is responding to the Robinhood revolution — and laments selling out of Tesla
Markets

Hedge funds are piling into healthcare stocks at record pace, Goldman Sachs says

Hedge fund positioning in healthcare stocks reached a record 10 percentage points overweight compared to the Russell 3000 index, Goldman Sachs said Friday. The rotation was primarily fuelled by soaring interest in biotech names. Recent weeks have seen investors pile into companies racing to introduce the first coronavirus treatment. Positioning […]
Hedge funds are piling into healthcare stocks at record pace, Goldman Sachs says
Markets

These are the 10 stocks most loved by fund managers around the world

UBS put together a list of the the most widely held – or “crowded” – stocks among active fund managers around the world. The list includes primarily technology, software, and financial services companies. Visits the Markets Insider homepage for more stories. Active fund managers around the globe are looking favourably […]
These are the 10 stocks most loved by fund managers around the world