1 Warren Buffett Index Fund Could Turn $100 Per Week into $1 Million (The Motley Fool)
Warren Buffett believes this strategy can help the average investor outperform professional money managers. Warren Buffett has often said an S&P 500 index fund is the most sensible way for most investors to gain exposure to the stock market. The Vanguard S&P 500 ETF (VOO -0.22%) is one of several great options. In fact, Buffett owns shares of that particular S&P 500 index fund through Berkshire Hathaway. Investors may be tempted to brush this advice aside. After all, buying an S&P 500 index fund is much less exciting than buying individual stocks.
Covalis Capital Locks Horns with Italy Government Over Enel Board (Reuters)
London-based hedge fund Covalis Capital on Monday presented an alternative list of candidates for the board of state-controlled utility Enel (ENEI.MI), challenging names put forward last week by the Italian government. In a statement, Covalis said that the system that led to the government’s nominations “undermines investor confidence, erodes value and is out of line with international standards of best practice in shareholder democracy.”
Dalio Auctioned Off to Bolster Financial Literacy (Pensions&Investments)
Hedge fund guru Raymond T. Dalio has put himself up for auction to benefit the New York-based Council for Economic Education, which provides essential financial and economic education for high school students across the U.S. as well as for students as young as kindergarten. Mr. Dalio founded Westport, Conn.-based Bridgewater Associates LP, the industry’s largest hedge fund manager, in 1975 and ceded control of the firm effective Sept. 30, 2022. At the time, he was co-chief investment officer and the firm’s assets were $150 billion.
Image by Gerd Altmann from Pixabay
Inside Millennium Management’s New Engineering-Recruitment Program in Miami, from What Applicants can do to Stand Out to Why the City is Becoming a Key Tech Hub for the $58 Billion Hedge Fund (Business Insider)
Millennium is launching a new engineering recruitment program for early-career technologists. The program lasts 12-18 months and is available to engineers with two to five years of experience. The head of tech for Miami outlines what applicants can expect, how to stand out, and why Miami. May just can’t come soon enough for Olga Naumovich. Once her daughters wrap up the school year, Naumovich — who spent much of her career in New York City at Goldman Sachs — is packing up her family and moving full time to the sunshine state to lead tech efforts for Millennium Management’s Miami office.
Inside Billionaire Hedge Fund Investor Glenn Dubin’s Barbell Strategy (Forbes)
Glenn Dubin became a billionaire by investing in the strongest macro tailwinds. Today he’s bullish on energy, fintech and artificial intelligence. Among the ranks of self-made billionaires tracked by Forbes, few have shown the perseverance and knack for identifying profitable trends as hedge fund manager Glenn Dubin. Dubin, 66, grew up in New York’s Washington Heights at the northern tip of Manhattan, his father a taxi driver and his mother a hospital administrator. He attended public schools including the State University of New York at Stony Brook, where he played football and lacrosse. He became the first person in his family to graduate from college in 1978 with a degree in economics.
