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(Bloomberg) -- Russian billionaire Oleg Deripaska says that U.S. prosecutors’ efforts to gain access to records seized from a U.K. company associated with him are motivated by American political “infighting.”British authorities raided a storage unit last December owned by Terra Services Ltd., a real estate firm that until last year was controlled by Deripaska, as part of a possible offshoot of U.S. Special Counsel Robert Mueller’s investigation of Russian election interference. The aluminum magnate’s business dealings with convicted former Trump campaign chairman Paul Manafort were a subject of Mueller’s inquiry.Terra Services is challenging the lawfulness of the search warrant, which seized at least 25,000 electronic documents, and has asked a London judge to prevent the documents from being handed over to the Americans.“The Terra raid that happened around a year ago and the recent publicity in relation to it is yet another hopeless attempt to drag me into never-ending U.S. political...
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as […]...
Our extensive research has shown that imitating the smart money can generate significant returns for retail investors, which is why we track nearly 750 active prominent money managers and analyze their quarterly 13F filings. The stocks that are heavily bought by hedge funds historically outperformed the market, though there is no shortage of high profile […]...
Despite a surge last year, oil prices have been generally depressed since early 2015. The low prices have pushed down stock prices in the energy sector, which has paradoxically opened an opportunity for income investors.The energy sector’s production companies benefit from dealing in commodities – oil and gas – that are always in demand. They have high overhead, but they also have a ready market for the product and consequent strong cash positions. Low share prices are attractive to investors, and the companies have been following two strategies to boost their shares.First, they are simply buying back shares to support the price. And second, they are paying out high dividend yields, offering investors a steady income stream from the stocks. Average dividend yield in the energy sector is up to 3.9%, almost double the S&P 500’s average yield of 2.1%. Income investing is a viable option for energy investors; since 1998,...
Presidential candidate Steve Bullock talks trade with Yahoo Finance, and the consequences of Trump's trade war....
We can readily understand why investors are attracted to unprofitable companies. For example, biotech and mining......
(Bloomberg) -- After freezing out Rio Tinto Group for more than a decade for owning a highly polluting copper mine, one of the world’s biggest sovereign wealth funds has brought the company back into the fold.Norway’s $1 trillion wealth fund built a 1.4% stake in the world’s No. 2 miner by the end of September, according to Bloomberg data. That puts the fund among the top 10 holders of Rio Tinto shares, the data show.The investment demonstrates the value of meeting the increasingly aggressive environmental goals set by some of the largest money managers. Norway’s wealth fund is at the forefront of those efforts, and said earlier this year it would stop investing in companies that mine more than 20 million tons a year of thermal coal, the most polluting fuel. Miners including Glencore Plc and Anglo American Plc are set to fall foul of this rule.Norway refused to buy Rio...
