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Consumer Asset Management

North Investment Partners Case Study - A cat among the pigeons

The retail distribution review (RDR) will fundamentally change the relationship between clients, financial advisers and providers. John Husselbee ...

Consumer Staples Select Sector SPDR Fund (XLP) Holdings Lifted by Meeder Asset Management Inc.

Meeder Asset Management Inc. raised its stake in Consumer Staples Select Sector SPDR Fund (NYSEARCA:XLP) by 54.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,982 shares of the exchange traded fund’s stock after acquiring an additional 2,808 shares during the period. Meeder Asset Management Inc.’s holdings in Consumer Staples Select Sector SPDR Fund were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Bruderman Asset Management LLC lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 10.0% in the 1st quarter. Bruderman Asset Management LLC now owns 80,615 shares of the exchange traded fund’s stock worth $4,243,000 after purchasing an additional 7,302 shares during the period. Natixis lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 84.8% in the 1st quarter. Natixis now owns 2,050,000 shares of the exchange traded fund’s stock worth $107,892,000 after purchasing an additional 940,520 shares during the period. Chemung Canal Trust Co. lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 30.0% in the 2nd quarter. Chemung Canal Trust Co. now owns 18,021 shares of the exchange traded fund’s stock worth $929,000 after purchasing an additional 4,161 shares during the period. Bray Capital Advisors lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 94.1% in the 1st quarter. Bray Capital Advisors now owns 49,008 shares of the exchange traded fund’s stock worth $2,579,000 after purchasing an additional 23,755 shares during the period. Finally, Lincoln National Corp lifted its position in shares of Consumer Staples Select Sector SPDR Fund by 164.7% in the 1st quarter. Lincoln National Corp now owns 11,378 shares of the exchange traded fund’s stock worth $598,000 after purchasing an additional 7,080 shares during the period.

UBS trials Netflix-style algorithms for trading suggestions

Nonetheless, the broad theory behind the initiative is the same, as finance increasingly borrows from the innovations of Silicon Valley's technology companies. Increasing cost pressure on banks, coupled with the rise of computer-powered market players, has pushed banks to boost investment in their technology and explore new ways to automate some of their core businesses.

"Imagine what the world looked like when you watched television and had to scan through channels, whereas now it is not only on demand, it is presented to you so you easily find what you are looking for," said Giuseppe Nuti, who heads up data science in UBS's FX, rates and credit Strategic Development Lab. "That's what we are trying to do for our clients, presenting them with a choice of likely, interesting trades."

Just as people once took recommendations for TV shows or new music from friends or industry critics, a bank's clients have often listened to recommendations from trained salespeople. UBS is hoping to make this process more automated, taking inputs of a client's previous trading behavior to assess whether they might be interested in a specific transaction.

The following is a excerpt from Lucent Technologies Management?

The following is a excerpt from Lucent Technologies Management?

Executive Summary We design and deliver the systems, software and services that drive next-generation communications networks.


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