Portfolio management Financial News

Jonathan Unwin (pictured) has joined the firm after eight years as deputy head of asset management at Luxembourg-based private bank Banque Havilland.

Active portfolio management is crucial for effectively managing savings in financial markets, especially for stock investors navigating fast-paced markets. With InvestingPro, investors can register their owned shares on the platform, gaining instant access to detailed and up-to-date information about these assets.

JPMorgan and Apollo have collaborated with several blockchain firms to showcase a “proof of concept”, demonstrating how asset managers can tokenize funds using the blockchain of their preference.

Decentralized finance (DeFi) might hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles with onboarding new users -both retail and institutional- due to its limitations on the user experience side. 

A pair of researchers from the University of Tsukuba in Japan recently built an AI-powered cryptocurrency portfolio management system that utilizes on-chain data for training, the first of its kind according to the scientists. 

For the longest time, fundamental analysts and fund managers such as myself have sat on our high horses claiming that investing/investment is purely an art; one bets on people which cannot be accurately modeled. While there is some truth to these statements, it is important not to disregard the importance of quantitative tools in both research and portfolio management.

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Clear (formerly Cleartax), which is backed by US-based payments major Stripe, is launching a crypto tax and portfolio management service for enterprises and retail users in India, amid confusion around crypto taxation in certain scenarios among investors and crypto exchanges. Following the budget's proposal on crypto taxation, including 30% tax on crypto gains and a 1% tax deduction at source, questions remain around tax implication of futures and derivatives trade, loss setoff, transactions on crypto aggregators and the definition of transfer of asset class (will it include peer-to-peer, airdrop, etc.), according to experts ET spoke to. “So, from a trading perspective, there's a lot of clarity awaited. Right now, even crypto gain to a crypto loss appears to be a pure tax event and there is no setoff against loss. With the strictest interpretation for active traders, the tax bill itself can be bigger than the portfolio, so we are trying to understand more from the policymakers,” Clear founder Archit Gupta told ET. “This could dramatically affect trading volumes on exchanges.”

The appeal of profits incurred through cryptocurrency trading has only increased for those not already participating in the market. However, despite Bitcoin’s average return being over 800% and other altcoins offering comparable numbers, such as Ethereum at 400%, the cryptocurrency market is one of the most difficult to navigate for beginners, often being considered more complex than the traditional market. Although the barriers are high, investors are still not deterred. After all, with more risk often comes higher rewards.

Distributed ledger technology, also known as blockchain, is changing financial markets in a variety of ways. Although this has been understood by enthusiasts for several years, it has finally been recognized by mainstream financial authorities.