Profile - To The Moon

Boommy

Posts · 9Posts · 9
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- BoommyBoommy
  ·2021-06-24
  Hmm
  Sorry, this post has been deleted
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- BoommyBoommy
  ·2021-06-24
  Ooooo
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- BoommyBoommy
  ·2021-06-23
  Interesting
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- BoommyBoommy
  ·2021-06-23
  Wow!
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- BoommyBoommy
  ·2021-06-23
  .
  Tencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO
  (Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 millio
  Tencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO
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- BoommyBoommy
  ·2021-06-23
  Nice
  Krispy Kreme eyes near $4 bln valuation in U.S. IPO
  June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. init
  Krispy Kreme eyes near $4 bln valuation in U.S. IPO
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- BoommyBoommy
  ·2021-06-22
  Ok
  Think companies can’t raise prices? Think again, says this manager, who offers 3 small-cap equity picks.
  Critical information for the U.S. trading day. What comes after a spectacular move down for stocks
  Think companies can’t raise prices? Think again, says this manager, who offers 3 small-cap equity picks.
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- BoommyBoommy
  ·2021-06-22
  Ok
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- BoommyBoommy
  ·2021-06-22
  Ok
  Gates Split Casts Harsh Glare on $170 Billion Money Manager
  (Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world
  Gates Split Casts Harsh Glare on $170 Billion Money Manager
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brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624376440,"share":"https://ttm.financial/m/news/1169498109?lang=&edition=fundamental","pubTime":"2021-06-22 23:40","market":"us","language":"en","title":"Tencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1169498109","media":"Reuters","summary":"(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 millio","content":"<p>(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 million from its U.S. initial public offering, which is expected to value the company at up to $3.8 billion at the top end of the range.</p>\n<p>Missfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between $13 and $16 each.</p>\n<p>Founded in 2014, Missfresh is a mobile e-commerce platform that offers delivery services of fresh produce, including fruits, vegetables, dairy products, meat, beverages and drinks, and other daily dining and living items.</p>\n<p>The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong Macai, Alibaba Group and Pinduoduo competing aggressively to grab a major slice of that vast market.</p>\n<p>Earlier this month, Dingdong also filed to list in the United States.</p>\n<p>Missfresh also counts Abu Dhabi Capital Group and Tiger Global Management among its backers.</p>\n<p>J.P. Morgan, Citigroup, CICC and China Renaissance are the lead underwriters for the offering.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent-backed Missfresh eyes $3.8 billion valuation in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-22 23:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 million from its U.S. initial public offering, which is expected to value the company at up to $3.8 billion at the top end of the range.</p>\n<p>Missfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between $13 and $16 each.</p>\n<p>Founded in 2014, Missfresh is a mobile e-commerce platform that offers delivery services of fresh produce, including fruits, vegetables, dairy products, meat, beverages and drinks, and other daily dining and living items.</p>\n<p>The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong Macai, Alibaba Group and Pinduoduo competing aggressively to grab a major slice of that vast market.</p>\n<p>Earlier this month, Dingdong also filed to list in the United States.</p>\n<p>Missfresh also counts Abu Dhabi Capital Group and Tiger Global Management among its backers.</p>\n<p>J.P. Morgan, Citigroup, CICC and China Renaissance are the lead underwriters for the offering.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169498109","content_text":"(Reuters) - Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 million from its U.S. initial public offering, which is expected to value the company at up to $3.8 billion at the top end of the range.\nMissfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between $13 and $16 each.\nFounded in 2014, Missfresh is a mobile e-commerce platform that offers delivery services of fresh produce, including fruits, vegetables, dairy products, meat, beverages and drinks, and other daily dining and living items.\nThe COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies including Dingdong Macai, Alibaba Group and Pinduoduo competing aggressively to grab a major slice of that vast market.\nEarlier this month, Dingdong also filed to list in the United States.\nMissfresh also counts Abu Dhabi Capital Group and Tiger Global Management among its backers.\nJ.P. Morgan, Citigroup, CICC and China Renaissance are the lead underwriters for the offering.","news_type":1,"symbols_score_info":{"MF":0.9}},"isVote":1,"tweetType":1,"viewCount":1562,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129738092,"gmtCreate":1624391741916,"gmtModify":1703835269767,"author":{"id":"3582067520263741","authorId":"3582067520263741","name":"Boommy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067520263741","idStr":"3582067520263741"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129738092","repostId":"1118580429","repostType":4,"repost":{"id":"1118580429","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624376537,"share":"https://ttm.financial/m/news/1118580429?lang=&edition=fundamental","pubTime":"2021-06-22 23:42","market":"us","language":"en","title":"Krispy Kreme eyes near $4 bln valuation in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1118580429","media":"Reuters","summary":"June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. init","content":"<p>June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. initial public offering, according to a regulatory filing on Tuesday, valuing the donut chain at nearly $4 billion. (Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Krispy Kreme eyes near $4 bln valuation in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKrispy Kreme eyes near $4 bln valuation in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-22 23:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. initial public offering, according to a regulatory filing on Tuesday, valuing the donut chain at nearly $4 billion. (Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DNUT":"Krispy Kreme, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118580429","content_text":"June 22 (Reuters) - Krispy Kreme Inc is looking to raise as much as $640 million through a U.S. initial public offering, according to a regulatory filing on Tuesday, valuing the donut chain at nearly $4 billion. (Reporting by Sohini Podder in Bengaluru; Editing by Krishna Chandra Eluri)","news_type":1,"symbols_score_info":{"DNUT":0.9}},"isVote":1,"tweetType":1,"viewCount":1106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129355144,"gmtCreate":1624361274788,"gmtModify":1703834354789,"author":{"id":"3582067520263741","authorId":"3582067520263741","name":"Boommy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067520263741","idStr":"3582067520263741"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129355144","repostId":"1112349186","repostType":4,"repost":{"id":"1112349186","kind":"news","pubTimestamp":1624361051,"share":"https://ttm.financial/m/news/1112349186?lang=&edition=fundamental","pubTime":"2021-06-22 19:24","market":"us","language":"en","title":"Think companies can’t raise prices? Think again, says this manager, who offers 3 small-cap equity picks.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112349186","media":"MarketWatch","summary":"Critical information for the U.S. trading day.\n\nWhat comes after a spectacular move down for stocks ","content":"<blockquote>\n Critical information for the U.S. trading day.\n</blockquote>\n<p>What comes after a spectacular move down for stocks followed by a stunning rebound? Equity futures aren’t giving much away so far on Tuesday, as investors wait for testimony on Capitol Hill from Federal Reserve Chair Jerome Powell (see the buzz for more on that).</p>\n<p>While the market has decided, for now, to look past any inflation threats, as the Fed keeps telling us it’s transitory, that action has created a blind spot among investors, cautions our<b>call of the day</b>from Mary Lisanti, president of&nbsp;Lisanti Capital Growth&nbsp;and manager of the Lisanti Small Cap Growth Fund&nbsp;ASCGX,+2.35%.</p>\n<p>“There is a firm belief that companies will not be able to offset costs by raising prices, and it’s totally not true,” particularly in areas that have seen capacity disappear, Lisanti told MarketWatch in a recent interview.</p>\n<p>Pockets where companies can probably raise prices could be found in retail and restaurants, which have seen tons of businesses close, while building materials and semiconductors are in demand, yet no one is building new plants. Think cyclical companies that have pricing power and drivers of growth that are more secular than cyclical, or secular growth stories that can deliver growth and show a path to profitability, said the 36-plus-year veteran of small cap research.</p>\n<p>She also sees a clear stock pickers’ market ahead, as equities just can’t keep going up in a straight line. “I think the big story of the markets is it’s going to be more dispersion, so it should be better for active managers,” she said.</p>\n<p>Lisanti appeared in this columnabout a year ago, with recommendations such as pet-food maker FreshpetFRPT,+1.22%and cloud contact center Five9FIVN,-0.17%,both up more than 60% over a year. Her fund has returned about 54% over a year and 24% over an annualized three-year basis.</p>\n<p>One she is flagging now is SI-BONESIBN,+1.72%,an orthopedic group that has developed a minimally invasive way to treat sacroiliac joint disorders. The company has beefed up its sales force through the COVID-19 pandemic and has a “very differentiated product,” that caters to a big market. “We think this is one of the ones that clearly has a path to profitability,” and not just from pent-up pandemic demand as procedures were put off, she said. Shares are up 5% year to date.</p>\n<p>Lisanti also likes MasTecMTZ,+3.36%,which helps with the installation, building and upgrading of communications, energy and other infrastructure. The company has a “huge tailwind,” amid a big shift right now in “trying to fix the grid,” and modernize the infrastructure, she said. It is a big cyclical play as it’s tied to lots of secular global trends, such as 5G, and MasTec has little competition, she added. Shares have gained 51% year to date.</p>\n<p>Finally, there is Chart IndustriesGTLS,+2.62%,which the fund manager described as a “unique play on energy infrastructure.” The company is a manufacturer of liquefaction and cryogenic equipment for applications in the clean energy space. “They call it cryogenic equipment but it’s highly engineered equipment that allows them to basically freeze and transport industrial gases. And that is absolutely critical to the energy complex and into some other areas,” she said. Shares are up 16% so far in 2021.</p>\n<p><b>Brent taps $75 and Fed chair on tap</b></p>\n<p>U.S. stock futuresES00,0.09%YM00,0.04%NQ00,0.22%are going nowhere, alongsideEuropean stocksSXXP,0.09%,though energy names have been rising as Brent crude pricesBRNQ21,-0.57%touched above $75 a barrel earlier. BitcoinBTCUSD,-3.18%remains weak after Monday’s slump that has been attributed to aChinese crackdown.</p>\n<p>“We at the Fed will do everything we can to support the economy for as long as it takes to complete the recovery,” said the Fed’s Powell inprepared remarksfor Tuesday’s testimony to the House Select Subcommittee on the Coronavirus Crisis. Also late on Monday, New York Fed President John Williams,saidthe economy is improving, but not enough to curb asset purchases yet.</p>\n<p>Existing home sales are also ahead for later.</p>\n<p>The European Union said it has opened antitrust probe into the ad-technology practices of tech giant Alphabet’sGOOGL,+1.42%Google.</p>\n<p>COVID-19 vaccinations in the world’s poorest nations are in danger of stopping altogether,the World Health Organization has warned.</p>\n<p><b>Chart of the day</b></p>\n<p>Trouble ahead? Investors are borrowing to buy stocks, says this chart fromMagnify Money(thanks to @SoberLook):</p>\n<p><img src=\"https://static.tigerbbs.com/4a65b7a7d5a9b7bab87c05ba91abf9c2\" tg-width=\"521\" tg-height=\"831\"></p>\n<p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Think companies can’t raise prices? Think again, says this manager, who offers 3 small-cap equity picks.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThink companies can’t raise prices? Think again, says this manager, who offers 3 small-cap equity picks.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/think-companies-cant-raise-prices-think-again-says-this-manager-who-offers-3-small-cap-equity-picks-11624360686><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Critical information for the U.S. trading day.\n\nWhat comes after a spectacular move down for stocks followed by a stunning rebound? Equity futures aren’t giving much away so far on Tuesday, as ...</p>\n\n<a href=\"https://www.marketwatch.com/story/think-companies-cant-raise-prices-think-again-says-this-manager-who-offers-3-small-cap-equity-picks-11624360686\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/think-companies-cant-raise-prices-think-again-says-this-manager-who-offers-3-small-cap-equity-picks-11624360686","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112349186","content_text":"Critical information for the U.S. trading day.\n\nWhat comes after a spectacular move down for stocks followed by a stunning rebound? Equity futures aren’t giving much away so far on Tuesday, as investors wait for testimony on Capitol Hill from Federal Reserve Chair Jerome Powell (see the buzz for more on that).\nWhile the market has decided, for now, to look past any inflation threats, as the Fed keeps telling us it’s transitory, that action has created a blind spot among investors, cautions ourcall of the dayfrom Mary Lisanti, president of Lisanti Capital Growth and manager of the Lisanti Small Cap Growth Fund ASCGX,+2.35%.\n“There is a firm belief that companies will not be able to offset costs by raising prices, and it’s totally not true,” particularly in areas that have seen capacity disappear, Lisanti told MarketWatch in a recent interview.\nPockets where companies can probably raise prices could be found in retail and restaurants, which have seen tons of businesses close, while building materials and semiconductors are in demand, yet no one is building new plants. Think cyclical companies that have pricing power and drivers of growth that are more secular than cyclical, or secular growth stories that can deliver growth and show a path to profitability, said the 36-plus-year veteran of small cap research.\nShe also sees a clear stock pickers’ market ahead, as equities just can’t keep going up in a straight line. “I think the big story of the markets is it’s going to be more dispersion, so it should be better for active managers,” she said.\nLisanti appeared in this columnabout a year ago, with recommendations such as pet-food maker FreshpetFRPT,+1.22%and cloud contact center Five9FIVN,-0.17%,both up more than 60% over a year. Her fund has returned about 54% over a year and 24% over an annualized three-year basis.\nOne she is flagging now is SI-BONESIBN,+1.72%,an orthopedic group that has developed a minimally invasive way to treat sacroiliac joint disorders. The company has beefed up its sales force through the COVID-19 pandemic and has a “very differentiated product,” that caters to a big market. “We think this is one of the ones that clearly has a path to profitability,” and not just from pent-up pandemic demand as procedures were put off, she said. Shares are up 5% year to date.\nLisanti also likes MasTecMTZ,+3.36%,which helps with the installation, building and upgrading of communications, energy and other infrastructure. The company has a “huge tailwind,” amid a big shift right now in “trying to fix the grid,” and modernize the infrastructure, she said. It is a big cyclical play as it’s tied to lots of secular global trends, such as 5G, and MasTec has little competition, she added. Shares have gained 51% year to date.\nFinally, there is Chart IndustriesGTLS,+2.62%,which the fund manager described as a “unique play on energy infrastructure.” The company is a manufacturer of liquefaction and cryogenic equipment for applications in the clean energy space. “They call it cryogenic equipment but it’s highly engineered equipment that allows them to basically freeze and transport industrial gases. And that is absolutely critical to the energy complex and into some other areas,” she said. Shares are up 16% so far in 2021.\nBrent taps $75 and Fed chair on tap\nU.S. stock futuresES00,0.09%YM00,0.04%NQ00,0.22%are going nowhere, alongsideEuropean stocksSXXP,0.09%,though energy names have been rising as Brent crude pricesBRNQ21,-0.57%touched above $75 a barrel earlier. BitcoinBTCUSD,-3.18%remains weak after Monday’s slump that has been attributed to aChinese crackdown.\n“We at the Fed will do everything we can to support the economy for as long as it takes to complete the recovery,” said the Fed’s Powell inprepared remarksfor Tuesday’s testimony to the House Select Subcommittee on the Coronavirus Crisis. Also late on Monday, New York Fed President John Williams,saidthe economy is improving, but not enough to curb asset purchases yet.\nExisting home sales are also ahead for later.\nThe European Union said it has opened antitrust probe into the ad-technology practices of tech giant Alphabet’sGOOGL,+1.42%Google.\nCOVID-19 vaccinations in the world’s poorest nations are in danger of stopping altogether,the World Health Organization has warned.\nChart of the day\nTrouble ahead? Investors are borrowing to buy stocks, says this chart fromMagnify Money(thanks to @SoberLook):","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"SPY":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120246752,"gmtCreate":1624326018776,"gmtModify":1703833518904,"author":{"id":"3582067520263741","authorId":"3582067520263741","name":"Boommy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067520263741","idStr":"3582067520263741"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120246752","repostId":"1162141331","repostType":4,"isVote":1,"tweetType":1,"viewCount":1199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120248684,"gmtCreate":1624325960948,"gmtModify":1703833516805,"author":{"id":"3582067520263741","authorId":"3582067520263741","name":"Boommy","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582067520263741","idStr":"3582067520263741"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120248684","repostId":"1174609211","repostType":4,"repost":{"id":"1174609211","kind":"news","pubTimestamp":1624325385,"share":"https://ttm.financial/m/news/1174609211?lang=&edition=fundamental","pubTime":"2021-06-22 09:29","market":"us","language":"en","title":"Gates Split Casts Harsh Glare on $170 Billion Money Manager","url":"https://stock-news.laohu8.com/highlight/detail?id=1174609211","media":"Bloomberg","summary":"(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world","content":"<p>(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.</p>\n<p>The conservative bets, the nondescript office, the investment firm’s generic-sounding name; they were all carefully designed to shield Bill Gates and Melinda French Gates from criticism and produce steady, if seemingly unimpressive, returns.</p>\n<p>The couple’s divorce announcement last month cracked the curated image. Unflattering details spilled out, including a report that Larson had allegedly harassed and bullied some employees.</p>\n<p>On Monday, a spokesman said that Bill and Melinda Gates Investments -- the 100-person strong team led by Larson that’s overseen their personal fortune and the endowment of their namesake foundation -- changed its name to Cascade Asset Management Co. The moniker closely resembles Cascade Investment, which historically has been the part of BMGI that manages the Gateses’ personal wealth.</p>\n<p>The rebranding is the latest step in the unfolding story of what will happen to one of the world’s largest fortunes when Gates and French Gates finalize their divorce. Larson was hired by the Microsoft Corp. billionaire in the mid-1990s to oversee that wealth.</p>\n<p>The sprawling portfolio under his purview, estimated by Bloomberg News to be valued at about $170 billion, has over the years generated returns that beat the broader stock market by about a percentage point, according to financial filings and people familiar with the matter.</p>\n<p>The record illustrates the priorities of the uppermost strata of the ultrarich, where investment horizons span generations and riskier bets often don’t outweigh the value of a good reputation. Part of Larson’s job was to help Bill Gates uphold his image as a wonky billionaire devoted to fixing the world’s challenges, rather than make bold moves that could draw scrutiny.</p>\n<p>“The price some of these guys are willing to pay to stay out of the news is high,” said Tayyab Mohamed, co-founder of family office recruiting firm Agreus Group.</p>\n<p>The divorce and recent revelations about Cascade’s workplace culture, reported by the New York Times, raise questions about what’s next for Larson and the fortune he oversees. A spokesman for Cascade said BMGI is changing its name “to allow for the evolving needs of the Gates family and their philanthropic work” and that the group’s investment strategy and organizational structure won’t change.</p>\n<p>French Gates, whose name was added to BMGI in 2014, has been in focus after Cascade transferred equity stakes worth more than $3 billion to her, leading some in the industry to speculate she’s in the process of claiming an even larger control of her share of the riches. Their combined wealth stands at more than $140 billion, according to the Bloomberg Billionaires Index.</p>\n<p>Larson, 61, has admitted that he sometimes used harsh language, as alleged in the Times reporting, but denied that he mistreated staff. A Cascade representative has said the matters were examined and didn’t warrant his dismissal. A representative for Gates didn’t respond to a request for comment.</p>\n<p>Mohamed said it’s of little surprise that Larson has remained in his role after the allegations, given his decades-long tenure with Gates and the loyalty it has likely engendered.</p>\n<p>“Had Larson not had the professional impact he had, it would be a simple yes, he should resign,” said Mohamed, whose company helps family offices fill leadership positions.</p>\n<p>Larson, often clad in a pink shirt, shies from the limelight and rarely attends conferences for family office professionals. A former bond-fund manager, he won Gates’s loyalty by delivering consistent returns and instilling in employees the notion that their primary focus was to protect their benefactor’s good name, according to people familiar with Cascade, who asked not to be named speaking about the company’s inner workings.</p>\n<p>The manager had broad leeway from Gates on investment decisions, they both have said. French Gates rarely attended meetings in Cascade’s early days aside from the annual in-person gathering, and when she did she tended to be a passive participant, according to one of the people familiar with the firm.</p>\n<p>She was unaware of most of the allegations involving Larson “given her lack of ownership of and control over BMGI,” her spokeswoman, Courtney Wade, said in a statement.</p>\n<p>It’s unclear where French Gates is keeping her money, including the more than $3 billion that has been transferred from Cascade, and whether she’s now setting up a family office of her own. She also runs Pivotal Ventures, an investment and incubation firm founded in 2015 that focuses on gender and racial equality and employs roughly 90 people.</p>\n<p>Conservative Mandate</p>\n<p>Being the investment chief for one of the world’s biggest family fortunes might seem like an enviable job for an investor mulling creative bets. There’s hardly a worry about fundraising, client withdrawals or onerous regulations. But it often instead involves simply keeping wealth steady.</p>\n<p>Aside from detracting attention from the Gateses, Larson’s main mandate has been to invest conservatively -- try to maximize returns but don’t lose money, one of the people said.</p>\n<p>That reflects the typical investment approaches of big family offices and foundations, said Raphael Amit, professor of management at the University of Pennsylvania’s Wharton School.</p>\n<p>“The No. 1 objective is preservation of capital,” he said, adding that’s why family office portfolios are so diverse, including not just public equities, but also fixed income, commodities and assets such as art.</p>\n<p>In a Fortune story from two decades ago, Larson explained that much of his strategy boiled down to countering the swings of Microsoft stock. At the time, the portfolios both for the foundation and for the Gateses’ personal money mostly consisted of bonds, with some bets on private equity, commodities, Florida real estate and British hotels.</p>\n<p>That has shifted. Today Cascade holds about $57 billion in public equities, ranging from farm-equipment maker Deere &amp; Co. to track operator Canadian National Railway Co. to waste management firm Republic Services Inc. -- companies rooted in the physical world of making, moving and selling goods, and cleaning things up.</p>\n<p>Cascade also owns around 270,000 acres of land, enough to make it the single biggest owner of U.S. farmland, according to the Land Report. The firm also has been involved in currency and commodities trading, venture capital and the development of a property complex in downtown Tampa.</p>\n<p>The foundation’s most recent tax returns also shows $804 million of corporate bonds and $5.8 billion of other investments like mortgage-backed securities, bank loans and sovereign debt.</p>\n<p>Stable Returns</p>\n<p>Cascade doesn’t disclose its overall investment performance, but financial reports from the foundation offer clues. The foundation’s assets under management have returned an average of about 8.6% per year since 2001, according to a person familiar with the matter, beating the S&amp;P 500 Index’s average annual 7.5% gain over the past two decades. That track record is broadly representative of Cascade’s overall returns, another person said.</p>\n<p>Cascade’s assets have periodically been boosted by proceeds from the sales of Gates’s Microsoft stock. And Warren Buffett, the founder of Berkshire Hathaway Inc., has periodically given shares in the conglomerate worth billions of dollars to the foundation. Buffett is one of the Gates Foundation’s three board members alongside Gates and French Gates, but has no involvement in investment decisions of the endowment, according to the foundation.</p>\n<p>One remarkable feature of the portfolio is how little it changes. Of the 15 stocks listed in the foundation trust’s most recent filing, which discloses positions traded on U.S. exchanges, 10 of them were in the portfolio a decade ago.</p>\n<p>The holdings haven’t uniformly jived with the Gateses’ charitable endeavors or priorities, which include global health and, more recently, climate change.</p>\n<p>Cascade held investments in oil and gas companies until 2019, Gates said in his recent book about climate change. It was long the biggest owner of Signature Aviation Plc, the world’s largest operator of private-jet bases, before joining a consortium that took the company private this year. And it’s the biggest shareholder of Republic Services Inc., which for years has feuded with the International Brotherhood of Teamsters union, whose members are employees.</p>\n<p>Gates has occasionally made it clear that Larson has broad discretion to make investment decisions. In a March “Ask me anything” event on Reddit, a user asked about his purchases of farmland. His response: “My investment group chose to do this.”</p>\n<p>Two decades ago, Larson put it more bluntly.</p>\n<p>“When people find out that Cascade has made an investment in something, that’s not Bill Gates,” he said in the Fortune interview. “I wish everyone understood that.”</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gates Split Casts Harsh Glare on $170 Billion Money Manager</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGates Split Casts Harsh Glare on $170 Billion Money Manager\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 09:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/gates-divorce-casts-harsh-glare-090002545.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/gates-divorce-casts-harsh-glare-090002545.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://finance.yahoo.com/news/gates-divorce-casts-harsh-glare-090002545.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174609211","content_text":"(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.\nThe conservative bets, the nondescript office, the investment firm’s generic-sounding name; they were all carefully designed to shield Bill Gates and Melinda French Gates from criticism and produce steady, if seemingly unimpressive, returns.\nThe couple’s divorce announcement last month cracked the curated image. Unflattering details spilled out, including a report that Larson had allegedly harassed and bullied some employees.\nOn Monday, a spokesman said that Bill and Melinda Gates Investments -- the 100-person strong team led by Larson that’s overseen their personal fortune and the endowment of their namesake foundation -- changed its name to Cascade Asset Management Co. The moniker closely resembles Cascade Investment, which historically has been the part of BMGI that manages the Gateses’ personal wealth.\nThe rebranding is the latest step in the unfolding story of what will happen to one of the world’s largest fortunes when Gates and French Gates finalize their divorce. Larson was hired by the Microsoft Corp. billionaire in the mid-1990s to oversee that wealth.\nThe sprawling portfolio under his purview, estimated by Bloomberg News to be valued at about $170 billion, has over the years generated returns that beat the broader stock market by about a percentage point, according to financial filings and people familiar with the matter.\nThe record illustrates the priorities of the uppermost strata of the ultrarich, where investment horizons span generations and riskier bets often don’t outweigh the value of a good reputation. Part of Larson’s job was to help Bill Gates uphold his image as a wonky billionaire devoted to fixing the world’s challenges, rather than make bold moves that could draw scrutiny.\n“The price some of these guys are willing to pay to stay out of the news is high,” said Tayyab Mohamed, co-founder of family office recruiting firm Agreus Group.\nThe divorce and recent revelations about Cascade’s workplace culture, reported by the New York Times, raise questions about what’s next for Larson and the fortune he oversees. A spokesman for Cascade said BMGI is changing its name “to allow for the evolving needs of the Gates family and their philanthropic work” and that the group’s investment strategy and organizational structure won’t change.\nFrench Gates, whose name was added to BMGI in 2014, has been in focus after Cascade transferred equity stakes worth more than $3 billion to her, leading some in the industry to speculate she’s in the process of claiming an even larger control of her share of the riches. Their combined wealth stands at more than $140 billion, according to the Bloomberg Billionaires Index.\nLarson, 61, has admitted that he sometimes used harsh language, as alleged in the Times reporting, but denied that he mistreated staff. A Cascade representative has said the matters were examined and didn’t warrant his dismissal. A representative for Gates didn’t respond to a request for comment.\nMohamed said it’s of little surprise that Larson has remained in his role after the allegations, given his decades-long tenure with Gates and the loyalty it has likely engendered.\n“Had Larson not had the professional impact he had, it would be a simple yes, he should resign,” said Mohamed, whose company helps family offices fill leadership positions.\nLarson, often clad in a pink shirt, shies from the limelight and rarely attends conferences for family office professionals. A former bond-fund manager, he won Gates’s loyalty by delivering consistent returns and instilling in employees the notion that their primary focus was to protect their benefactor’s good name, according to people familiar with Cascade, who asked not to be named speaking about the company’s inner workings.\nThe manager had broad leeway from Gates on investment decisions, they both have said. French Gates rarely attended meetings in Cascade’s early days aside from the annual in-person gathering, and when she did she tended to be a passive participant, according to one of the people familiar with the firm.\nShe was unaware of most of the allegations involving Larson “given her lack of ownership of and control over BMGI,” her spokeswoman, Courtney Wade, said in a statement.\nIt’s unclear where French Gates is keeping her money, including the more than $3 billion that has been transferred from Cascade, and whether she’s now setting up a family office of her own. She also runs Pivotal Ventures, an investment and incubation firm founded in 2015 that focuses on gender and racial equality and employs roughly 90 people.\nConservative Mandate\nBeing the investment chief for one of the world’s biggest family fortunes might seem like an enviable job for an investor mulling creative bets. There’s hardly a worry about fundraising, client withdrawals or onerous regulations. But it often instead involves simply keeping wealth steady.\nAside from detracting attention from the Gateses, Larson’s main mandate has been to invest conservatively -- try to maximize returns but don’t lose money, one of the people said.\nThat reflects the typical investment approaches of big family offices and foundations, said Raphael Amit, professor of management at the University of Pennsylvania’s Wharton School.\n“The No. 1 objective is preservation of capital,” he said, adding that’s why family office portfolios are so diverse, including not just public equities, but also fixed income, commodities and assets such as art.\nIn a Fortune story from two decades ago, Larson explained that much of his strategy boiled down to countering the swings of Microsoft stock. At the time, the portfolios both for the foundation and for the Gateses’ personal money mostly consisted of bonds, with some bets on private equity, commodities, Florida real estate and British hotels.\nThat has shifted. Today Cascade holds about $57 billion in public equities, ranging from farm-equipment maker Deere & Co. to track operator Canadian National Railway Co. to waste management firm Republic Services Inc. -- companies rooted in the physical world of making, moving and selling goods, and cleaning things up.\nCascade also owns around 270,000 acres of land, enough to make it the single biggest owner of U.S. farmland, according to the Land Report. The firm also has been involved in currency and commodities trading, venture capital and the development of a property complex in downtown Tampa.\nThe foundation’s most recent tax returns also shows $804 million of corporate bonds and $5.8 billion of other investments like mortgage-backed securities, bank loans and sovereign debt.\nStable Returns\nCascade doesn’t disclose its overall investment performance, but financial reports from the foundation offer clues. The foundation’s assets under management have returned an average of about 8.6% per year since 2001, according to a person familiar with the matter, beating the S&P 500 Index’s average annual 7.5% gain over the past two decades. That track record is broadly representative of Cascade’s overall returns, another person said.\nCascade’s assets have periodically been boosted by proceeds from the sales of Gates’s Microsoft stock. And Warren Buffett, the founder of Berkshire Hathaway Inc., has periodically given shares in the conglomerate worth billions of dollars to the foundation. Buffett is one of the Gates Foundation’s three board members alongside Gates and French Gates, but has no involvement in investment decisions of the endowment, according to the foundation.\nOne remarkable feature of the portfolio is how little it changes. Of the 15 stocks listed in the foundation trust’s most recent filing, which discloses positions traded on U.S. exchanges, 10 of them were in the portfolio a decade ago.\nThe holdings haven’t uniformly jived with the Gateses’ charitable endeavors or priorities, which include global health and, more recently, climate change.\nCascade held investments in oil and gas companies until 2019, Gates said in his recent book about climate change. It was long the biggest owner of Signature Aviation Plc, the world’s largest operator of private-jet bases, before joining a consortium that took the company private this year. And it’s the biggest shareholder of Republic Services Inc., which for years has feuded with the International Brotherhood of Teamsters union, whose members are employees.\nGates has occasionally made it clear that Larson has broad discretion to make investment decisions. In a March “Ask me anything” event on Reddit, a user asked about his purchases of farmland. His response: “My investment group chose to do this.”\nTwo decades ago, Larson put it more bluntly.\n“When people find out that Cascade has made an investment in something, that’s not Bill Gates,” he said in the Fortune interview. “I wish everyone understood that.”","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}