“Private polls—and a timely ‘concession’ from the face of Leave—allowed the funds to make millions off the pound’s collapse.”
“Beinner highlights the increase of global debt, now upwards of $237 trillion and the way the debt has been dispersed as risks to the economy. Rather than banks holding most of the debt as it happened in the financial crisis, this time it’s hedge funds, private equity and investment managers holding most of it. Also worrisome, he says, ratings agencies are again being overly generous with their appraisals allowing for companies with very high debt levels to gain investment-grade ratings.”
Read more: https://finance.yahoo.com/news/fund-managers-say-see-next-economic-crash-looming-144251620.html
“Their relocation rewards years of work by Florida officials to entice the investment crowd with promises of warm weather and zero state income taxes.”
“Several hedge funds have become newspaper barons in recent years. Alden Global now owns about 60 daily newspapers. Private-equity firm Fortress owns almost 150.”
“The event was a coming-out party for a new, and suddenly wealthy industry that has few regulations and isn’t chastened by scandals that have held back Wall Street and now Silicon Valley.”
“In an industry where power and influence are measured in dollars and cents, this may be the most exclusive club in finance: The price of admission is at least $25 million.”
“George Soros called cryptocurrencies a bubble in January. Now his $26 billion family office is planning to trade digital assets.”
“Someone started arbitrarily and aggressively buying stocks and the decline was halved. Monday will still go down as a Wall Street massacre, but that anonymous superhero buyer or buyers made it a lot less bloody. Who was the market’s superhero? I’m going to tell you a story and then you decide.”
“Overnight, realizing it is facing an avalanche of lawsuits even though it explicitly laid out the possibility of the ETN getting ‘terminated’ should VIX explode, Japan’s biggest brokerage issued an apology after investors in its $300 million vol-linked ETN were all but wiped out during this week’s stock-market turmoil.”
“Hayes is just one of many finance pros leaving the world of banking and plunging into a largely lawless industry. They’re putting their expertise into constructing a marketplace for virtual currencies with all the features found in traditional finance, including derivatives, leverage, short-selling, and cryptocurrency price indexes.”
