Money managers under the microscope
A lot of fund managers like to talk about how important it is to educate the investor but T Rowe Price has put its money where its mouth is. Through a collaboration with Walt Disney Parks & Resorts it has created an online game and an interactive exhibit at EPCOT called The Great Piggy Bank Adventure.
The aim is to help kids and their parents get to grips with basic savings concepts, diversifying their assets and staying ahead of inflation in a fun way. You can choose to save up for various items like a rabbit or a basketball but woe betide the child who is tempted by the whoopie cushion or plastic vomit when they pop to the shops.
“We wanted to encourage parents to engage with their children about managing money responsibly,” said Todd Ruppert, chief executive of T Rowe Price Global Investment Services, speaking to Reuters at the Fund Forum in Monaco.
You can try the online game for yourself at www.thegreatpiggybankadventure.com
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Betting on a CF takeover – Reuters
Soros hedge fund buys into Marengo – The Age
With a headline like that, you’d think this would be a story about investing in Bonds.
But in fact a survey by boutique fund firm Moonraker Fund Management shows U.S. hedge fund managers are buying physical gold to protect their wealth against high levels of inflation.
There’s nothing like backing up your stock market calls with a nice healthy profit, and Crispin Odey has done just that, revealing a 27.74 percent return in April from his European fund.
Having last month said the rally in equities could turn into a new bull market and having recently tucked away a few banks into his portfolio (after last year making money shorting banks), Odey has profited from the astonishing recovery over the past two months in Barclays shares, which alone accounted for nearly half the fund’s return last month.