Asset Allocation Win

New Zealander Alex Kim (right), a junior at Duke University in the United States, was one of three to win an asset allocation contest sponsored by BlackRock, the world’s largest asset manager. Kim, who majors in economics, told The New York Times that he and his teammates faced the same quandary as most investors: how to generate income while minimizing risk and preserving assets for retirement. They examined model portfolios from Fidelity, Vanguard and BlackRock. “We looked at historical returns for each asset class and then adjusted those for current market conditions,” Kim said. The prize was an interview and a shot at an internship at BlackRock. Kim is waiting to hear if he got one, and said he was aiming for a career in investment banking.


Tags: Alex Kim  BlackRock  Duke University  New York Times (The)  United States  

Queenstown Looks to Alternative Revenue

Queenstown Looks to Alternative Revenue

As the Covid-19 pandemic closes borders and grounds aircraft around the world, iconic destinations from Kyoto to Amsterdam are addressing the new reality of fewer visitors and looking for ways to…