Bitcoin drops 25% from high of $20,000
Bitcoin fell 25% on Friday morning, just days after hitting a fresh high $20,000 (£14,948).
Alternatives
-
-
Global whisky investors’ £10k habit
Whisky investors are spending on average £10,000 a year on rare malts and amassing collections worth £75m, according to a world-wide survey.
-
Bitcoin interest beats gold in Google first
Google searches for ‘buy bitcoin’ overtook searches to ‘buy gold’ for the first time in October according to precious metals trader BullionVault.
-
Gold sales soar after first rate hike in a generation
Sales of gold to first-time buyers soared 64% last week after the Bank of England’s base rate hike, The Pure Gold Company said.
-
Investors run to property exit door
Outflows from UK equity funds slowed in August, with property funds being the least popular among retail investors according to the Investment Association.
-
Ronaldo flogs high-risk scheme to 60m Twitter followers
Football star Cristiano Ronaldo has recommended a controversial investment brokerage to millions of fans by advertising it on Twitter.
-
Ardevora’s Lang: Natural resource industries ‘trapped’
All is not as stable as it appears in the energy industry, warns Ardevora manager Jeremy Lang, who believes the sector is “a slowly unfolding trap”.
-
Gold rallies to highest level this year after North Korea missile launch
The price of gold surged to its highest level so far this year in the wake of North Korea firing a missile over Northern Japan.
-
Aviva Investors bulks up real estate team with dual hire
Aviva Investors has appointed Katie Brown and Chris Wilkinson as associate directors to its real estate team, arguing that the asset class is offering superior risk-adjusted returns.
-
Kames’ Edwardson: ‘Still life in alternatives despite bubble fears’
Alternative investments from aircraft leasing to renewable energy are still an attractive option for multi-asset funds, despite fears the asset class is approaching bubble territory.
-
7IM takes on record high alternatives exposure
Seven Investment Management has upped its alternatives exposure to its highest-ever levels in response to high stock market valuations, low bond yields and concerns about political instability brought on by last week’s hung parliament.
-
JPMAM boosts alternatives team with senior hires
JP Morgan Asset Management has bolstered its alternatives business with the hire of two senior private credit investors.
