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News updates from November 9: S&P 500 snaps win streak, Ransomware attack disrupts Chinese lender ICBC
Picasso’s ‘Woman with a watch’ sells for $139mn
...The most expensive artwork by Picasso, Les femmes d’Alger (Version O), sold for $179mn at Christie’s New York in 2015....
November 9, 2023
Life & Arts
FT Weekend Quiz solutions
...Round on the Links The link was onomatopoeic words Alger Hiss “Jingle Bells” Tap Rattle and Hum Chitty Chitty Bang Bang The Rumble in the Jungle (Ali v Foreman) Pop Idol Flip flops Tweet Buzz...
January 13, 2023
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Visual Arts
50 years after Picasso’s death, what has happened to his reputation?
...Nine feature women, led by the harem picture “Les Femmes d’Algers (Version ‘O’)” ($179.4mn in 2015)....
March 29, 2023
The Art Market
Christie’s offers Warhol Marilyn for $200mn
...The work vies with Pablo Picasso’s “Les femmes d’Alger (Version O)” (1955), which sold for $179.4mn in 2015 and is currently the priciest 20th-century work to sell publicly — though this is after fees and...
March 24, 2022
ETF HubLatest news on ETFs
Debuts in active ETFs surge as US investors’ appetite grows
...Among them are ETF debuts from managers including Putnam Investments, Harbor Funds, Alger and Gabelli, as well as the first active ETFs from Nuveen and BNY Mellon....
December 31, 2021
Exchange traded funds
Pace of US ETF launches doubles in space of two years
...In May, Putnam rolled out four strategies using Fidelity’s portfolio-shielding methodology, and Alger and Gabelli launched ETFs that use Precidian Investments’ ActiveShares system....
July 13, 2021
FT Live
Future of Asset Management Europe
New fund firm models for Europe's resurgence
Tuesday, 12 NovemberLondon, UK
Equities
Small-caps and value shine on Wall Street after Georgia results
...expectation in the longer term, sometime later this year, is for an infrastructure bill with a price tag in the trillions” of dollars over a 10-year period, said Brad Neuman, director of market strategy at Alger...
January 6, 2021
Exchange traded funds
Non-transparent ETFs pass their first test — spreads are tight
...Managers that are planning to enter the ETF game for the first time include Fred Alger Management, which recently announced plans to launch two non-transparent products....
September 11, 2020
US equities
The uneven rally that took US stocks to a record high
...“Wall Street isn’t a mirror of Main Street,” said Brad Neuman, director of market strategy for Alger, a New York fund manager....
August 18, 2020
Disrupted Times
Coronavirus fuels political backlash Premium content
...Brad Neuman, director of market strategy for Alger, a New York fund manager, said the new market peak reflects a “record divergence between winners and losers” benefiting big tech groups that dominate the...
August 19, 2020
US equities
The WeWork debacle has reset expectations on Wall Street
...The gain was a lifeline for Alger, which had suffered outflows after being hit hard by the 9/11 attacks....
November 23, 2019
The Art Market
Art market confidence is lower than the 2008 crisis, reports show
...The 20th-century art auction already includes Pablo Picasso’s “Les femmes d’Alger (version ‘F’)” (1955), estimated at $25m, and Roy Lichtenstein’s “Nude with Joyous Painting” (1994), estimated at $30m....
May 21, 2020
ReviewNon-Fiction
The CIA, the FBI and the myth of America’s Deep State
...McCarthy’s fears led to horrible excesses, but state department official Alger Hiss was in all likelihood a Soviet spy....
May 5, 2020
News in-depthMarkets
How investors see 2020 shaping up in US financial markets
...Ankur Crawford, portfolio manager at Alger in New York “We believe US equity markets should enjoy another positive year in 2020, somewhere between 7 to 10 per cent at some point during the year, due to...
January 1, 2020
FT Swamp Notes
Is slow growth a crisis of values?
...“Where are the Horatio Alger stories? Where are the young people asking the Horace Greeleys in what direction to go?...
July 22, 2019
FT Live
Innovation in Wealth Management Summit
Augmented intelligence for client-centric services
Thursday, 2 May9 Montague Close, London, UK
Fund management
Movers and shakers, March 25
...Peter Latara has also arrived at Jennison Associates as a relationship manager after 15 years with Fred Alger Management....
March 25, 2019
Fund management
Energy funds top list of 2018 worst performers
...The European leaderboard was topped by the Ucits version of the Fred Alger Small Cap Focus fund, with an 18.7 per cent return in euro terms....
January 6, 2019
Uber IPO
Uber IPO: the long ride to profitability
...Based on a range of outcomes, the median valuation for Uber would be four to five times next year’s revenues, says George Ortega, lead analyst on Uber at Alger....
May 10, 2019
Apple Inc
Jony Ive’s departure ‘gives Apple chance for shake-up’
...“I’m sad to see Jony Ive go — it’s marking again the end of an unbelievable epoch,” said Dan Chung, chief executive and head of investments at Alger, a longtime Apple shareholder in New York....
June 28, 2019
News in-depthUS equities
US tech dominance caught in White House race spotlight
...“There are fantastic businesses that will be the beneficiaries of the industrial revolution 4.0, but some will benefit more than others,” says Ankur Crawford, a portfolio manager with Alger, the fund group...
March 20, 2019
Due Diligence
A battle on West 57th Street Premium content
...That’s about the same price as Picasso’s Les Femmes d’Alger was sold for in 2015, setting an auction record at the time....
April 11, 2019
Letter
‘Target of McCarthyism’ who was not innocent
...Janan Ganesh, in “Trump’s future will be settled by politics, not the law” (August 23), refers to “what Alger Hiss, that target of McCarthyism, called the ‘court of public opinion’ ”....
August 28, 2018
Visual Arts
Orientalism laid bare: reassessing a maligned style
...Nearby hangs Delacroix’s melancholy “Femmes d’Alger dans leur intérieur”, a red curtain swept back to reveal costumes and faces flickering, melting into shadow, in a darkened harem apartment....
March 8, 2019
ReviewAlbums
Gérald Toto: Sway — darkly tropical
...“Alger 69” is a piece of mood music on guitar and bass, unspooling slow Arabesques. Many of the songs with vocals are wordless vocalisations, much like the invented language of the trio album....
October 26, 2018
InterviewBooks
Kamel Daoud: ‘I refuse to let fear take centre stage in my life’
...Dissent mounted almost unnoticed, emerging in unlikely places such as football stadiums, where supporters started chanting the USM Alger football club anthem “La Casa del Mouradia”, a sleepless boy’s lament...
April 11, 2019

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