Municipal fund managers, still reeling from Detroit’s bankruptcy, the surge in Puerto Rico yields and a midyear sell-off that was the worst in a quarter-century, are getting their portfolios ready for the next expected hurdle – another spike in interest rates.
In his first-quarter letter to investors of Greenlight Capital, David Einhorn lashed out at regulators. He claimed that the market is "fractured and possibly in the process of breaking completely." Q1 2021 hedge fund letters, conferences and more Einhorn claimed that many market participants and policymakers have effectively succeeded in "defunding the regulators." He pointed Read More