Core Viewpoint - Cohen & Steers, Inc. reported a preliminary increase in assets under management (AUM) to $93.1 billion as of January 31, 2026, reflecting a growth of $2.5 billion from $90.5 billion at the end of 2025, driven by market appreciation and net inflows [1][2]. Assets Under Management - The total AUM as of January 31, 2026, is $93,067 million, which includes contributions from various investment vehicles [2]. - Institutional Accounts saw an increase in AUM from $35,060 million to $36,218 million, with net inflows of $145 million and market appreciation of $1,066 million, despite distributions of $53 million [2]. - Open-end Funds increased from $43,437 million to $44,566 million, with net inflows of $304 million and market appreciation of $870 million, offset by distributions of $45 million [2]. - Closed-end Funds rose from $12,047 million to $12,283 million, with no net inflows but market appreciation of $291 million, countered by distributions of $55 million [2]. Company Overview - Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [2]. - The firm was founded in 1986 and is headquartered in New York City, with additional offices in London, Dublin, Hong Kong, Tokyo, and Singapore [2].

Warren Buffett never thought Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) should pay a dividend. In his 60-plus years as CEO, the board only approved a single dividend payment to shareholders (in 1967). Buffett jokes that he must have been in the restroom when they took that vote. On the other hand, he loved buying stocks for the conglomerate's portfolio that paid consistent and growing dividends. Quite a few of those remain in Berkshire's marketable equity portfolio today. Two of them look poised to ra ...

Core Viewpoint - Stellantis will incur approximately €22.2 billion ($26.32 billion) in charges in the second half of 2025 due to restructuring operations and adjustments in its electric vehicle (EV) strategy [1] Financial Impact - The charges include around €6.5 billion in cash outflows over the next four years, stemming from revised product roadmaps and a scaled-down EV supply chain [1] - Most charges, totaling €14.7 billion, are related to changes in product plans and compliance with US emissions regulations, including €2.9 billion in write-offs for scrapped projects and €6 billion from platform impairments [2] - Preliminary results indicate estimated net revenues of €78 billion to €80 billion, a net loss of €19 billion to €21 billion, and adjusted operating income of minus €1.2 billion to €1.5 billion [6] Strategic Adjustments - The company is shifting towards offering hybrids and internal combustion vehicles alongside battery-electric models, with a $13 billion US investment program over four years and the rollout of 10 new vehicles [3][4] - Stellantis has terminated projects deemed unlikely to reach profitable scale, including the planned Ram 1500 BEV [3] Operational Improvements - The company reported early operating improvements, with second-half 2025 shipments expected to reach 2.8 million vehicles, an 11% increase year-on-year, and a sequential rise in US market share to 7.9% [5] - There have been significant reductions in first-month vehicle faults, with over 50% drops in North America and more than 30% in Enlarged Europe since early 2025 [5] Future Outlook - Looking ahead to 2026, Stellantis anticipates a mid-single-digit percentage increase in net revenues, a low-single-digit adjusted operating margin, and year-on-year progress in Industrial Free Cash Flows [7]

Core Insights - The article introduces "The Undercovered Dozen," a selection of twelve actionable investment ideas focusing on tickers with less coverage, which can include both large caps and small caps [1] Group 1: Inclusion Criteria - Tickers must have a market cap greater than $100 million [1] - Tickers should have received more than 800 symbol page views in the last 90 days on Seeking Alpha [1] - Tickers must have fewer than two articles published in the past 30 days [1] Group 2: Purpose and Follow-up - The initiative aims to provide investors with a weekly review of undercovered investment ideas from analysts [1]

Core Insights - Biogen's 4Q25 earnings reflect a transition rather than pure growth, indicating a strategic shift as the company moves away from a declining multiple sclerosis (MS) market [1] Company Overview - Biogen is successfully transitioning from a shrinking MS market, suggesting a focus on new growth opportunities [1] Analyst Background - The analyst has a Master's degree in Cell Biology and extensive experience in drug discovery, which informs their investment analysis in the biotech sector [1] - The analyst has been active in the investing space for five years, with a focus on identifying promising biotechnology companies and evaluating their scientific and financial fundamentals [1] Investment Focus - The analysis emphasizes the importance of evaluating the science behind drug candidates, competitive landscape, clinical trial design, and market opportunities while balancing financial fundamentals [1]

Core Viewpoint - A slowdown in rebalancing flows may significantly reduce a crucial source of demand in the bond market [1] Group 1 - Rebalancing flows are essential for maintaining liquidity and demand in the bond market [1] - A decrease in these flows could lead to increased volatility and reduced investor confidence [1] - The bond market's reliance on rebalancing flows highlights the interconnectedness of various financial markets [1]

Group 1 - Selective (SIGI) is a property and casualty insurance carrier that experienced deteriorated underwriting performance in 2024, with a combined ratio exceeding 100% [1] - The company has taken measures in pricing and underwriting to address its performance issues [1] Group 2 - The CrickAnt is an actuary for an insurance company who analyzes insurance and reinsurance companies, contributing to the Cash Flow Club, which focuses on company cash flows and access to capital [1]

Core Insights - Early Bitcoin adopter Kristoffer Koch turned a $24 investment into $850,000 over four years, highlighting the potential for significant returns in cryptocurrency investments [1][3]. Group 1: Investment Journey - In 2009, Koch invested $24 in Bitcoin while working on his master's thesis on encryption, viewing it as a fun experiment [2]. - After years of forgetting about the investment, Koch rediscovered it in April 2013 when Bitcoin gained media attention, realizing he had 5,000 BTC valued at approximately $850,000 at that time [3]. Group 2: Potential Value of Bitcoin - If Koch had held onto his 5,000 BTC instead of selling some, the value would have skyrocketed to $353.54 million, illustrating the dramatic increase in Bitcoin's value over the years [5].

It has long been known that educational technology, or ed-tech, has been one of the most difficult sub-sectors of Silicon Valley to get funding for and to drive investor enthusiasm for. Investors' wariness on the ed-tech space wasWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor ...

A real estate project under construction along the ancient Huai River in Huai'an City, Jiangsu Province, China on January 29, 2026.BEIJING — S&P Global Ratings has lowered its forecast for China property sales this year, barely two months into 2026.The firm said Sunday that primary real estate sales will likely drop by 10% to 14% this year, worse than the 5% to 8% decline for 2026 sales predicted back in October."This is a downturn so entrenched that only the government has capacity to absorb the excess inv ...