What a year to be a fund manager. U.S. stocks were up early, plunged in late summer, then rose again, ending 2011 barely above water. Foreign equities, plagued by debt troubles in Europe and concerns over slowing growth in emerging markets (primarily China and India), finished the year deep in the red. The U.S. bond market enjoyed its status as a safe haven with the strength of U.S. government bonds surprising many astute investors who had been concerned about Treasuries’ ultralow yields against a backdrop of slow growth and high government debt. Overall, the most successful managers were able to keep perspective by staying focused on deep research within their circles of competency.
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Corsair Capital Launches New SPAC Fund
Last year, 248 Special Purpose Acquisition Companies were launched on the public markets. That was up from a total of 59 in 2018 and 46 in 2018. Q4 2020 hedge fund letters, conferences and more The sector is expected to see further growth in 2021. This year, 144 SPACs have already been priced, and another Read More