Hedge funds aren’t doing well in recent months. A new chart, which was released by Goldman Sachs, showed the performance of the industry against major indices. The result, as any contemporary investor will predict, was not in favor of the investment vehicles. 2012 was a bad year for hedge funds, and judging by performance so far, 2013 could be even worse. Hedge Fund Performance: According to a Businessweek piece on hedge fund performance, it...
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Ben Bernanke testified today before Congress, and it seems as if investors may have shown some brief signs of being spooked about the ending of the Fed’s quantitative easing program. There’s been concern for some time that the U.S. government will end it very soon. Of course it’s going to happen, so the only question is just how soon it will happen. That’s what investors are worried about. A Plan To End Quantitative Easing...
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When will QE end? Bernanke is set to testify before Congress. Is tapering coming soon? And a discussion of whether the Fed will end the rally, with Jon Hilsenrath, Wall Street Journal, known as probably the best source on Fed policy. Below is the video of the interview with CNBC (5/21/2013). Jon Hilsenrath Here’s what Bernanke will say 'Get ValueWalk's Daily Edition By Email and Never Miss Our Top Stories'
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Chris Woods of CLSA is out with his popular weekly GREED and Fear report. Last week the focus from Greed and Fear was on bubbles, Bernanke related. This week Woods starts off with a shot at CNBC in relation to the Bloomberg scandal. He has some interesting comments on China and titles this report ‘China’s Lack of Traction.’ Below is the full report which came out yesterday. China’s lack of traction Beijing The grinning hyenas...
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PIMCO’s Bill Gross brought a smile face mug on Bloomberg TV‘s “Market Makers” today to illustrate to Erik Schatzker and Sara Eisen how happy he is. Bill Gross said the end of the 30 year US bond rally is unlikely to be like 1994 and he sees 12-months of treasury, corporate and high yields that don’t move much. Bill Gross also said: “We see bubbles everywhere, and that is not to be dramatic and...
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Greenlight Capital Q1 2013 letter to shareholders is out. Earlier today, Sam Forgione of Reuters had a short summary on the Greenlight Capital Q1 2013 letter. Greenlight Capital is up 5.8 percent net for Q1. Returns in April were hurt by losses in gold. Below we have the full hedge fund letter (see Greenlight Capital Q42012 here). Some notable comments from the letter include CEO David Einhorn’s (more subtle) attack on Ben Bernanke and other Central Bankers’...
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GREED and fear is out with their latest report today title ‘Greed and Fear (In love with lukewarm)’. Every week we bring you the popular newsletter from CLSA analyst Chris Wood. Readers can check out last week’s report-GREED & fear: China, Hong Kong Data Discrepancy Highly Suspicious. Woods starts out noting that the recent BLS employment report was ‘perfect’. Not too warm and not too cold, this allows the Fed to continue easing at...
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Unlike so many others who criticize Bernanke and his bold monetary easing policies, Buffett has always taken a positive view of the Federal Reserve’s chairman. He called Bernanke a ‘gutsy guy’ for his policies and praised him for his timely actions. Warren Buffett sat down with CNBC anchor Becky Quick for a long interview in the CNBC segment Squawk Box. Watch the video here. While expressing his views on various topics, Buffett said that the over...
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David Zervos, head of global fixed income at Jefferies, told Bloomberg TV’s Erik Schatzker and Sara Eisen on “Market Makers” today that the Federal Reserve’s QE program is “the greatest monetary policy experiment of our lifetime and I do not think that anyone is smart enough, me, any central banker up there” to figure out how to properly exit. David Zervos said, “I am not criticizing them, I just do not think that...
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Jean-Marie Eveillard, who oversees more than $65 billion, spoke with King World about the recent turbulence in the gold market and what long-term investors should focus going forward in this environment. Below is what the legendary value investor had to say in this exclusive interview. Eric King: “People are going through a tough time in the gold market. What do you say to them?” Jean-Marie Eveillard: “I say either you are a trader or you...
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Federal Reserve’s Open Market Committee, to no one’s surprise, announced earlier this week that it would be leaving the federal funds target rate at 0.25 percent, exactly where the rate has been since December 2008. How could anyone look at the following two charts and not come to the same conclusion: the Federal Reserve hates savers? Federal Reserve: What is their goal? Perhaps hates is too strong a word; it’s more like the Federal Reserve...
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