The computers have won.
Institutional Investor just released its annual list of the top-earning hedge fund managers, and six of the top eight are quants, or managers who rely on computer programs to guide their investing.
The list includes Ken Griffin of Citadel, Jim Simons of Renaissance Technology, and John Overdeck and David Siegel of Two Sigma.
In 2002, by contrast, just two computer-driven investors were included in the ranking, according to Institutional Investor.
The list highli
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The computers have won, and Wall Street will never be the same
-
Adam Recruitment: EMEA Bid Manager
£60000 - £70000 per annum:Adam Recruitment:EMEA Bid Manager - Legal Services
London
A high profile International law firm is expanding their EMEA team in this new and exciting opportunity to further enhance support to fee earners, and to meet more complex and evolving client requirements of th
London -
Fossil whiffed on earnings and the stock is down more than 28%
Fossil is getting rocked in after-hours trading after reporting miserable earnings on Tuesday.
The company reported earnings of $0.12 per share against analyst expectations of $0.14 per share. Comparable sales dropped by 3% against analyst expectations of only a 0.4% drop. Fossil's sales missed, with only $659.8 million in sales during the first quarter against estimates of $667 million.
The big drop, however, was in guidance. The accessory-maker, best known for its watches, cut its ea -
Disney whiffs on earnings and sales, stock plunges 6% (DIS)
Disney shares plunged 6% in after-hours trading on Tuesday after the company reported earnings that missed Wall Street's expectations.
The media behemoth's revenues also missed forecasts.
Disney posted fiscal-second-quarter adjusted earnings per share of $1.36 and revenues totaling $13 billion.
Analysts had estimated that the company posted $1.40 in adjusted earnings per share, and revenues of $13.21 billion.
Cable-network revenues fell 2% to $4 billion, and consumer- -
SolarCity nosedived more than 20% after earnings miss (SCTY)
SolarCity is tumbling after reporting worse than expected earnings Monday.
The renewable energy firm lost $2.56 a share in the first quarter, worse than the $2.31 per share loss expected by analysts. Revenues did beat, however, with $122.6 million generated against $110 million expected.
Guidance for the second quarter also came in light. SolarCity projects losses for the second quarter of $2.70 to $2.80 a share against expectations of just $2.13.
The company is notable for a few reas -
Red Sofa London: Midweight- Senior Packaging Designer
£35000 - £45000 per annum:Red Sofa London:
Are you a talented packaging designer looking for your next role?
City of London -
The Marketing Academy reveals its 2016 scholars
The participants, who come from a range of brand, agencies and start-ups including L’Oreal, Facebook and Marks & Spencer, aims to prepare rising stars in the marketing industry for their journey to becoming senior marketing leaders.
Sherilyn Shackell, founder of The Marketing Academy, says: “I’m thrilled by the calibre of applications this year and I’d like to thank all the companies and business leaders who nominated their best people for the programme.
“I&rsq -
STOCKS RALLY: Here's what you need to know (DIA, SPX, SPY, QQQ, TLT, IWM, SCTY)
Stocks rallied on Wall Street on Tuesday after opening the week with a nothing sort of day on Monday.
First, the scoreboard:
Dow: 17,928.4, +222.4, (+1.3%)
S&P 500: 2,084.4, +25.7, (+1.3%)
Nasdaq: 4,809.9, +59.7, (+1.3%)
WTI crude oil: $44.70, +2.9%
Labor Market
It's a quiet week for economic data, but the big news crossing the tape this morning was the latest report on job openings, which showed the number of jobs open in the US was near a record high in March.
The latest Job Openings -
Digital Gurus: Principal Interaction Designer – Social networking site
Negotiable:Digital Gurus:
Do you want to work for one of the world's biggest social networking sites?
Then look no further as I'm currently looking for a Principal Interaction Designer to head up the London Design team of one of the biggest names in the world right now.
Responsibi
London -
This map shows the hidden reason for America's new housing crisis
There's a new problem in America's housing market.
As we've mentioned before, supply is unable to keep up with the demand for homes, and that's causing prices to soar and keeping many buyers out of the market.
The simple question follows: Why aren't homebuilders building fast enough to keep up with this demand?
One answer was highlighted by John Lovallo II at Bank of America Merrill Lynch: land regulations.
Not only is the cost of land increasing at a rapid pace, but the land-entitlement process -
Hillary Clinton is a more conservative investor than Donald Trump
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.
Hillary Clinton is a more conservative investor than Donald Trump (Bloomberg)
Hillary Clinton, the likely Democratic nominee for president, is more conservative than her Republican counterpart, Donald Trump, when it comes to investing. Her top holding has been the low-cost Vanguard 500 Index Fund, while Trump's "biggest bet" has been on the Obsidian hedge fund run by Bla -
Jim Simons, Elon Musk and Amazon: WHAT YOU NEED TO KNOW ON WALL STREET
Finance Insider is Business Insider's summary of the top stories of the past 24 hours.
To sign up, scroll to the bottom of this page and click "Get updates in your inbox," or click here.
Something isn't clicking in the US labor market.
On Tuesday, the latest Job Openings and Labor Turnover Survey — or JOLTS — report showed there were 5.757 million jobs available in the US in March, a near record.
And while the abundance of jobs is often interpreted as a sign of stren -
Ray Dalio, head of the world's largest hedge fund, explains his succession plan for Bridgewater and how its 'radically transparent' culture is misunderstood
At Bridgewater Associates, the world's largest hedge fund, there are few secrets.
All meetings are filmed, and the footage is available to everyone in the company. Employees rate each other's performance with proprietary iPad apps, and they can be fired for criticizing colleagues behind their backs rather than to their faces.
This culture of "radical transparency" was established by founder and chairman Ray Dalio and captured in "Principles," a manual of 210 lessons that all employees must -
Ultimate Asset: Planning Account Manager - Tier 1 Media Agency
£28000 - £32000 per annum + Benefits:Ultimate Asset:
Account Manager - Media Planning, High Street Retailer, Circa £30k + BenefitsAre you a Media Planner looking for your next role? Want to work with one of the biggest high street retailers in the UK at an award-winning media agency? Get in touch on 077
London -
Jeremy Grantham publishes epic mea culpa admitting he got the commodities bubble all wrong (DIA, SPX, SPY, QQQ, TLT, IWM, USO, OIL)
Jeremy Grantham was so, so wrong.
In GMO's quarterly letter, the famed investor admitted that he simply whiffed on the latest commodity bubble popping.
"Every major bull event is called a paradigm shift but they almost never exist," wrote Grantham.
"Almost never. But not never, ever."
Basically, Grantham admits that he expected the new, high price of commodities represented a paradigm shift for the industry based on scarcity and demand from China.
Instead, the commodity bubble was just another m -
Beyond The Book: 2D Graphics Project Manager
£Competitive salary + car allowance + excellent benefits:Beyond The Book:
An exciting new opportunity for an experienced 2D Project Manager to join established studio within an award winning, Northampton based design agency.
Northampton -
Jarlett de Grouchy: Senior Client Manager - FMCG
£32000 - £41000 per annum + healthcare + pension:Jarlett de Grouchy:
TOP FMCG CLIENT ARE LOOKING FOR A SENIOR CLIENT MANAGER MANAGER TO PROVIDE STRATEGIC RECOMMENDATIONS ON THEIR TOP BRANDS AND CATEGORIES.
Birmingham -
Stonor: Inside Sales Executive
£22000.00 - £25000.00 per annum + OTE £35k bonus scheme:Stonor:
£22-25K basic+Bonus, On Target Earnings £35KAre you a Sales Executive or somene with sales experience that wants to work in an exciting & fun environment with great a great salary & a fantastic bonus scheme?
Wallingford -
Gabriele Skelton: Account Manager for branding agency, London £30-35K
£30000 - £35000 per annum:Gabriele Skelton:
Account Manager to work with both prestigious private and public sector clients in the UK and abroad, in this successful branding agency!
London -
Learning and Work Institute: Head of Communications
£37,500 - £47,500 per annum plus benefits:Learning and Work Institute:
You'll be responsible for leading our communications activities, building our external profile and influence, extending our reach and media impact.Leicester, Central London or Cardiff -
Ball & Hoolahan: Regional Marketing Communications Manager - Temp Contract
£55,000 - £60,000 per annum :Ball & Hoolahan:
This is an interim contract working for a limited company - £275 to £325 per day. Are you an autonomous, pragmatic and pro-active campaign marketer...
London -
Grains exploded after the latest USDA report
Grain futures soared on Tuesday after the US Department of Agriculture published its global demand and supply estimates for 2016/2017.
The most impressive jump was in Soybean futures, which rose by the most allowed by the Chicago Board Options Exchange, according to Bloomberg.
The USDA's projected drop in reserves was more than analysts had expected. It sees inventories falling to a three-year low next year, according to Bloomberg.
It projected soybean crush for 2016/1 -
Ultimate Asset: Planning Account Director - Award-winning Retail Team
£50000 - £60000 per annum + Agency:Ultimate Asset:
Planning Account Director, Award-winning Retail Team, Circa £50k-£60k + Benefits, Central LondonAre you an Account Director looking for your next challenge? Want to join an award-winning team working on fantastic clients including a huge travel websit
London -
There's something wrong with the US labor market
Something isn't clicking in the US labor market.
On Tuesday, the latest "Job Openings and Labor Turnover Survey" (JOLTS) showed there were 5.757 million jobs available in the US in March — a near record.
Additionally, the number of unemployed people in the US per job open is down to prerecession levels at about 1.5 workers per job. In 2010, for example, this number was closer to five unemployed workers per job opening.
While the abundance of jobs is often interpreted as a sign of str -
Better Placed Recruitment: Product / Brand Manager
£45000 per annum:Better Placed Recruitment:
Do you describe yourself as a hard working product / brand manager with experience in this line of work already within a relative sector? Do you have good knowledge of customer satisfaction and customer journey? If so read on! The role is based in Herts a
Hertfordshire -
Stocks are rallying
Stocks rallied in trading on Tuesday, with industrials and financials leading gains by sector.
Near noon in New York, the Dow was up 184 points (1.05%), the S&P 500 was up 19 points (0.9%) and the Nasdaq was up 36 points (0.77%.)
The Dow and S&P 500 were earning the strongest gains since April 13.
Stocks closed virtually unchanged on Monday, and crude oil fell 2.8%. The major headline over the weekend was that Saudi Arabia is replacing oil minister Ali al-Naimi after 20 years. -
Amazon stock just surged past $700 to set a new all-time high (AMZN)
Amazon stock just hit a new all-time high on Tuesday, with shares reaching $701.38, up roughly 3%.
That's above the previous all-time high of $693.97, which Amazon hit in intraday trading on December 29.
Amazon trounced Wall Street's Q1 financial targets last month. And on Tuesday the e-commerce giant announced that it was launching a new video service to take on Google's YouTube.
Amazon's new high came amid a broader market rally, with the Dow Jones Industrial Averag -
These 5 hedge fund managers made over $1 billion in 2015
On Tuesday, Institutional Investor released their annual list of the top earning hedge fund managers for 2015. There were five huge winners.
The top 25 managers earned just under $13 billion combined. The bulk of that, however, was earned by just the top five, who took home at least $1 billion apiece and accounted for more than half of the top 25's total, with $7.4 billion.
Institutional Investor also highlighted that it was a good year for computer-driven managers, as a -
Brand Recruitment: PR Assistant and Exhibitions Assistant
£17500 per annum:Brand Recruitment:
PR Assistant and Exhibitions Assistant, Kettering -Are you keen to scope out a career in fashion PR without having to commute to London? If so this
Kettering -
Using YouTube data to make outdoor campaigns more effective
The campaign aims to promote its new fleet of e320 Eurostar trains to a new audience.
Rather than looking just at the company’s normal ABC1 demographic in London and the South East, and first time travellers, Daniela Glynn-Jones, global brand and communications manager at Eurostar, said the company looked to YouTube across four different audiences; families, youth and two types of business agents – commuter and office based.
Glynn-Jones told Marketing Week that the YouTube activity w -
How brands can use YouTube data to inform outdoor campaigns
The campaign aims to promote its new fleet of e320 Eurostar trains to a new audience.
Rather than looking just at the company’s normal ABC1 demographic in London and the South East, and first time travellers, Glyn-Jones said the company looked to YouTube across four different audiences; families, youth and two types of business agents – commuter and office based.
Daniela Glyn-Jones, global brand and communications manager at Eurostar, told Marketing Week that the YouTube activity wil -
Legendary hedge fund manager Jim Simons made $1.7 billion last year ― here's how he went from the NSA to Wall Street
Jim Simons, the investor who founded the hedge fund Renaissance Technologies, made $1.7 billion last year, according to Institutional Investor.
Simons ranked second on the publication's annual hedge fund rich list, behind Citadel CEO Kenneth Griffin.
Simons is the only manager to make the list all 15 years the list has been published, and also ranks top for earnings during the history of the rich list. He has made an estimated $23.5 billion in that time.
Simons is notoriously pr -
Red Sofa London: Digital Campaign Project Director
£50000.00 - £55000.00 per annum:Red Sofa London:
This well-known production agency, who produce engaging campaigns, need a Digital Campaign Project Director to manage a large fashion brand.
London -
Brand Recruitment: Senior CRM Executive
£26000 - £34000 per annum + benefits:Brand Recruitment:
Senior CRM Executive, Letchworth -As a leader in their field, our client is a recognised and respected retail business who continue to
Letchworth Garden City -
A hedge fund manager you've never heard of made $300 million last year
Institutional Investor just released its annual hedge fund manager rich list, and there's a noteworthy new addition.
Joseph Edelman, whose Perceptive Life Sciences Fund was a top performer last year, joined the rich list after earning $300 million in 2015.
Edelman, 60, launched the biotech- and healthcare-focused firm Perceptive Advisors in 1999. Last year, its life sciences fund gained 51.8%.
Perceptive ranked as one of the five best-performing hedge funds as of December last year, according to -
Ray Dalio — who made $1.4 billion last year — explains how he's gradually handing over the reins to the world's biggest hedge fund
Ray Dalio took home $1.4 billion last year through his hedge fund Bridgewater Associates, according to Institutional Investor's annual list of the top-earning hedge fund managers, released Tuesday.
Dalio ranked third in 2015, behind Citadel's Ken Griffin and Renaissance Technologies' Jim Simons, who both made $1.7 billion.
Bridgewater is the world's largest hedge fund, with $169 billion in assets under management, and is in the midst of a major leadership transition.
In 2011, Dalio initiated a 1 -
Brand Recruitment: Client Services Manager
£29000 per annum:Brand Recruitment:
Client Services Manager, Milton Keynes -An international, well recognised agency based on the outskirts of Milton Keynes is currently looking
Milton Keynes -
Better Placed Recruitment: Head of Comms and Fundraising
£45000 - £55000 per annum:Better Placed Recruitment:
Do you have a track record of income generation and growth? Our client offers an excellent opportunity to lead a passionate and committed team across a diverse portfolio.
London -
Daniel Marks London: Communications Manager- London- up to £40k
£35000 - £40000 per annum:Daniel Marks London:
This is a great opportunity to join a Global brand with offices in the US, Europe and Asia. As they bring their PR and Communications in-house.
London -
How the big four supermarkets are balancing product quality with price cuts
Rewind a year and things looked very dire for the big four. Tesco had just succumbed to a record £6.4bn loss, while Sainsbury’s suffered its first sales decline in over a decade. Morrisons, which posted a loss of £800m, also suffered its worst results in eight years.
Squeezed by Aldi and Lidl, the major supermarkets were hemorrhaging customers to the German discounters and were subsequently forced to invest millions in lowering everyday prices. But while the price cuts continue -
Major Players: Community Manager - French
£120 - £140 per day:Major Players:
Major Players are working with a leading Gaming brand to recruit a FRENCH speaking Community manager for a 6 month period.
This opportunity is not to be missed, excellent brand and offices are salubrious!
London -
Red Sofa London: Full Stack Developer (RoR) @ Machine Learning Tech Start-up
£55000 - £70000 per annum + Awesome Benefits:Red Sofa London:
Full Stack Developer (RoR) @ Machine Learning Tech Start-up ///
Partnered with some of the world's most prominent ecommerces companies!
Berlin -
Better Placed Recruitment: Social Media Editor
£28000 - £30000 per annum:Better Placed Recruitment:
Now seeking a Social Media Editor to assist the Digital Operations Manager to commission, develop and implement a social media strategy.
London -
Red Sofa London: Mid-Weight 3D Designer
£200 - £250 per day:Red Sofa London:
Are you a freelancer looking for an exciting new project to sink your teeth into?
City of London -
EMR | Specialist Marketing Recruitment: Head of Marketing, Communications and Fundraising
£42702 per annum + Car allowance:EMR | Specialist Marketing Recruitment:
Head of Marketing, Communications & Fundraising
North LondonDisabled Charity
£42,700
North London -
Veritas Partnership Ltd: Customer Activation Manager/ Trade Marketing Manager – On Trade
£33000 - £40000 Per Annum + car allowance + bonus:Veritas Partnership Ltd:
Instantly recognisable alcoholic drinks business with heritage and passion looking for On-Trade, Customer Activation Manager/Trade Marketing Manager
London -
Stonor: Strategic & Creative Account Planner
£30000.00 per annum:Stonor:
Junior/mid level Startegic & Creative Account Planner
Paying up to £30K DOE based in Hertfordshire. Are you interested in working for an award winning Advertising and integrated marketing agency?
Rickmansworth -
Jarlett de Grouchy: Head of Marketing UK - Top FMCG
£110000 per annum + Benefits:Jarlett de Grouchy:
A top FMCG company are looking for a Head of Marketing to work within their infant nutrition category.
South East England -
Three ways brands can use intangible assets to boost their value
More transparency over intangible assets
Globally, brands had $31 trillion worth of undisclosed value in 2015, according to the latest GIFT report, with Brand Finance’s CEO David Haigh admitting that uncertainty about fair brand valuations was subsequently a “major issue”.
Haigh said that secretive companies such as Apple and Google mean that 50% of analysts do not believe companies in their sectors are providing enough information about the value of their brands or their intan -
Businesses are failing to account for brands’ value
The BBC says it has used trust and integrity in its news output to boost its brand valueAccording to a new report by Brand Finance, globally brands have $31 trillion in undisclosed value, with advertising the “most intangible” industry. Company’s operating in the sector have tangible assets (such as inventory and land) that account for just 9% of their enterprise value. The majority of the rest is made up of intangible assets such as patents, trademarks, IP and brand recog
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