Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images CAGE:CA at a Glance The Avantis CIBC All-Equity Asset Allocation ETF ( CAGE:CA ) is a new actively managed exchange-traded fund (also known as an ETF) with a NAV of ~$100MM CAD that invests in stocks designed to provide exposure to a portfolio of global stocks. CIBC recently notched a deal with Avantis to bring some of their actively...
Marvin Samuel Tolentino Pineda/iStock Editorial via Getty Images CAGE:CA at a Glance The Avantis CIBC All-Equity Asset Allocation ETF ( CAGE:CA ) is a new actively managed exchange-traded fund (also known as an ETF) with a NAV of ~$100MM CAD that invests in stocks designed to provide exposure to a portfolio of global stocks. CIBC recently notched a deal with Avantis to bring some of their actively managed expertise and branding into the fund space. Avantis, based in the USA, was spun out of American Century and has >$100 billion in AUM. At the time of the alliance announcement, it piqued my curiosity, as CIBC has historically not ventured into asset management with a heavy marketing push, unlike some other Big 5. While CIBC has many publicly available ETFs, partnering with Avantis, known for value factor funds, highlights a strategic push to acquire customers in its wealth management business. This new offering is part of that outreach—though I'm not convinced it's differentiated enough to break through in the Canadian market. CAGE:CA's benchmark target is the MSCI ACWI IMI Index, which captures large-, mid-, and small-cap representation across developed and emerging market countries. Right off the bat, this is one of the more normal indexes to track, and it makes me a bit skeptical of how differentiated the fund is willing to go. Peers in this space include VEQT:CA, XEQT:CA, and ZEQT:CA, all established funds from Vanguard, BlackRock, and BMO, respectively. The bottom line here is that Canada is not a big market—if fund managers want to attract new capital into their funds, highlighting an alliance with a solid active fund manager from the U.S. is not enough. For now, I say keep an eye on this fund, but it's not worth buying until further details emerge. Fund Profile CAGE:CA was launched on March 18, 2026 , by CIBC and Avantis with a plan to create a diversified, easily tradable fund that selects companies based on value and profitability characteristics, using a b...
Chinese AI company DeepSeek released a preview of its hotly anticipated next-generation AI model V4 on Friday, saying that the open-source model can compete with leading closed-source systems from US rivals including Anthropic, Google, and OpenAI. DeepSeek says V4 marks a major improvement over prior models, especially in coding, a capability that has become central to AI agents and helped drive t...
Chinese AI company DeepSeek released a preview of its hotly anticipated next-generation AI model V4 on Friday, saying that the open-source model can compete with leading closed-source systems from US rivals including Anthropic, Google, and OpenAI. DeepSeek says V4 marks a major improvement over prior models, especially in coding, a capability that has become central to AI agents and helped drive the success of tools like ChatGPT Codex and Claude Code . The release is also a milestone for China's chip industry, with DeepSeek explicitly highlighting compatibility with domestic Huawei technology. The release comes a year after DeepSeek rattl … Read the full story at The Verge.
At every point in the tech industry’s evolution, chief executives have found some reason to fall out. Bill Gates and Steve Jobs clashed during the early scramble to dominate personal computing. Jobs felt betrayed by Eric Schmidt when Google launched Android to compete with the iPhone. And Elon Musk famously challenged Mark Zuckerberg to a cage match that never happened. Even by those standards, th...
At every point in the tech industry’s evolution, chief executives have found some reason to fall out. Bill Gates and Steve Jobs clashed during the early scramble to dominate personal computing. Jobs felt betrayed by Eric Schmidt when Google launched Android to compete with the iPhone. And Elon Musk famously challenged Mark Zuckerberg to a cage match that never happened. Even by those standards, the clash between Musk and Sam Altman stands out. The world’s richest person has used every tool at his disposal to undermine Altman’s leadership at OpenAI, the company they founded together more than a decade ago. Musk launched a rival artificial intelligence startup, mobilized his wealthy allies last year to make an unsolicited and unsuccessful $97 billion bid for the nonprofit that controls the ChatGPT maker, and is waging a legal battle to challenge OpenAI’s conversion to a for-profit company. Altman, meanwhile, has poked fun at Musk’s AI products and called him a bully. The tensions between the two billionaires are set to be on full display this coming week as Musk’s case against OpenAI and its backer Microsoft Corp. heads to trial. If Musk prevails, it could cost OpenAI a significant amount of money and trigger an overhaul of the heavily lossmaking AI giant. Whatever the outcome, Musk’s legal campaign has cast a cloud of uncertainty over Altman’s business at a moment when it’s fighting resurgent competitors and preparing to go public. Were Altman and Musk ever close? Altman, 41, and Musk, 54, did not come up together in the tech industry. Like many entrepreneurs of a certain generation, Altman revered Musk for his bold bets on electric cars and reusable rockets. “I grew up with Elon as a mega hero,” Altman said in December 2024. Altman cultivated a long list of influential backers while running startup accelerator Y Combinator. In 2015, he helped to launch OpenAI as a nonprofit with some of his contacts, including Musk, who had long expressed concern about the risks pos...
4 In 10 American Teens Are Almost Constantly Online A U.S. jury recently found Meta and YouTube liable in a landmark social media addiction trial, marking a major legal setback for the tech giants. According to the BBC , jurors concluded that the platforms were deliberately designed to be addictive and contributed to harm experienced by a young user. The ruling could open the door to further lawsu...
4 In 10 American Teens Are Almost Constantly Online A U.S. jury recently found Meta and YouTube liable in a landmark social media addiction trial, marking a major legal setback for the tech giants. According to the BBC , jurors concluded that the platforms were deliberately designed to be addictive and contributed to harm experienced by a young user. The ruling could open the door to further lawsuits and increased regulatory scrutiny of social media companies. This debate over the impact of social platforms is closely tied to the extent to which young people use them . As Statista's Tristan Gaudiat details below, a recent survey by the Pew Research Center shows that social media is deeply embedded in teenagers’ daily lives, with a vast majority of U.S. teens reporting daily use of the internet (97 percent) and platforms such as YouTube (76 percent), TikTok (61 percent) and Instagram (55 percent). As our infographic shows, a notable share reports near-constant use: 40 percent overall for the internet, 21 percent for TikTok, 17 percent for YouTube and 12 percent for Instagram, with a further 31 to 43 percent saying they use these platforms several times a day. You will find more infographics at Statista These patterns point to clear differences in engagement across platforms, with video-based apps standing out for their particularly intensive use. TikTok and YouTube, both centered on short-form and highly personalized video content, are among the platforms most likely to be used almost constantly, reinforcing concerns about their potentially addictive design. More broadly, the rise of algorithm-driven feeds and endless scrolling has reshaped how teens consume content, increasing both the frequency and duration of their online activity. Tyler Durden Fri, 04/24/2026 - 05:45
Billionaire hedge fund manager Bill Ackman isn't a household name like Warren Buffett, but he's done very well for himself through his Pershing Square Capital Management Fund. Thanks to savvy investments in large-cap companies, his net worth more than doubled in 2024, from $4.3 billion to an estimated $9.2 billion. Unlike Buffett , Ackman keeps only a small number of positions in his hedge fund. I...
Billionaire hedge fund manager Bill Ackman isn't a household name like Warren Buffett, but he's done very well for himself through his Pershing Square Capital Management Fund. Thanks to savvy investments in large-cap companies, his net worth more than doubled in 2024, from $4.3 billion to an estimated $9.2 billion. Unlike Buffett , Ackman keeps only a small number of positions in his hedge fund. It currently holds stocks in just 10 companies! In fact, more than 62% of Pershing Square's entire $15 billion portfolio consists of just four stocks. Clearly it's worked out for Ackman. Should you copy him and try this approach, too? Continue reading
China’s top envoy Wang Yi signaled Beijing’s concerns about online scams emanating from Southeast Asia as he visited Thailand and Cambodia in a bid to boost links with both nations. Chinese Foreign Minister Wang met Thai Prime Minister Anutin Charnvirakul in Bangkok on Friday after calling on Cambodian leader Hun Manet in Phnom Penh earlier this week. He will make another stop in Myanmar during hi...
China’s top envoy Wang Yi signaled Beijing’s concerns about online scams emanating from Southeast Asia as he visited Thailand and Cambodia in a bid to boost links with both nations. Chinese Foreign Minister Wang met Thai Prime Minister Anutin Charnvirakul in Bangkok on Friday after calling on Cambodian leader Hun Manet in Phnom Penh earlier this week. He will make another stop in Myanmar during his April 22-26 trip to the region. Wang and Anutin discussed deepening China and Thailand’s strategic partnership through more high-level visits and better security cooperation, especially against transnational crime and scam operations in the region, according to a Thai statement. Wang also expressed hope that Thailand and Cambodia’s relations will improve imminently after their deadly clashes last year. The Chinese diplomat shared similar views with Cambodia’s Hun Manet earlier, saying Beijing and Phnom Penh need to strengthen cooperation and maintain high-level exchanges. Wang also told Hun Manet that China was willing to facilitate exchanges and direct dialogue between Cambodia and Thailand, the Chinese foreign ministry said in a statement on Wednesday. Explainer: What’s the Cambodia-Thailand Border Conflict About? Wang’s visit to the region comes amid growing global concerns about illegal, industrial-scale scam hubs operating out of Cambodia, Laos and Myanmar. The multi-billion-dollar operations are often run by Chinese fugitives who fled their home country in 2020 following a domestic crackdown. The US has estimated that Americans lost over $7.2 billion in 2025 to Southeast Asia-based scam operations, and on Thursday charged two Chinese people, currently in custody in Thailand, with running a compound in Myanmar. The Department of Treasury separately sanctioned Cambodian senator Kok An and others in his network for allegedly scamming Americans. The Department of State also announced a reward offer of up to $10 million for information that will help the US take down Tai...