Simon Lack, CFA, is a widely quoted investment manager whose book The Hedge Fund Mirage has gotten a lot of attention for its critique of high hedge fund fees, lays out some of the history of hedge funds and how investors have used them historically.
Robert Stammers, CFA, is director of Investor Engagement for CFA Institute and is responsible for increasing the use and distribution of Future of Finance and CFA Institute content by various audiences. Prior to joining CFA Institute, Stammers was the principal for his founded company where he consulted for real estate owners, lenders, and syndicators to develop and analyze structured real estate investments. There he devised strategy for obtaining debt and preferred equity capital and created finance-related marketing materials and research papers for various clients. Stammers has authored over 100 articles on various financial and investment topics for such investment periodicals as Forbes and Investopedia. He served as a senior equity analyst, where he was responsible for the creation of new investment tools and instructional products to provide the revenues for two new investment education companies. As a senior executive for several institutional fund managers, Stammers was the portfolio manager for a $1 billion enhanced real estate fund, a $1.2 billion private timber fund, and several pension fund separate accounts.
Disney has submitted concessions to assuage antitrust concerns in the EU regarding a $71.3 billion offer for entertainment assets of 21st Century Fox, the European Commission said. The commission has delayed a deadline for completing a review of Disney's bid to Nov. 6. Reuters (15 Oct.)
The North American Securities Administrators Association warns investors to practice caution with marijuana-related crowdfunding ventures. "Scammers are using the media buzz to convince investors to hand over money for risky or outright fraudulent marijuana ventures that go up in smoke, along with investors' money," according to the organization. ThinkAdvisor (free registration) (15 Oct.)
European Council President Donald Tusk has told EU leaders in a letter that a no-deal Brexit is "more likely than ever before" and that they should prepare for the worst-case scenario. Reaching agreement on terms of the UK's departure from the EU "has proven to be more complicated than some may have expected," he wrote. Politico (16 Oct.)
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