Steve Eisman, senior portfolio manager at Neuberger Berman Group, discusses why hedge funds are underperforming, Federal Reserve monetary policy and impact on investors. He speaks with Tom Keene on “Bloomberg Surveillance.” (Source: Bloomberg)
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Steve Eisman Says Interest Rate Increases Already Affecting Investments
Eisman Says Volatility to Be More Sporadic, More Chances for Stock Picking
Steve Eisman, senior portfolio manager at Neuberger Berman Group, discusses market direction, volatility, and the Fed. He speaks with Tom Keene on "Bloomberg Surveillance." (Source: Bloomberg)
Surveillance: No Signs of Late Cycle Behavior, Eisman Says
Steve Eisman, Eisman Group Neuberger Bergman Senior Portfolio Manager, says the student loan problem is a U.S. government problem. Jerome Schneider, PIMCO Head Of Short-Term Portfolio Management and Funding, says they are no longer of the opinion that front-end rates are undervalued. Richard Haass, Council on Foreign Relations President, says on one level, Xi Jinping’s decision to end presidential term limits was not surprising. Mike Mayo, Senior Analyst, Wells Fargo Securities Head of U.S. Large-Cap Bank Research, says J.P. Morgan’s Investor Day yesterday was the most confident he’s ever seen the bank.
Bloomberg Best: From Our Bureaus Worldwide - Feb. 28 (Audio)
Hosts June Grasso and Ed Baxter feature the best stories of the day from Bloomberg Radio, Bloomberg Television, and over 120 Bloomberg News bureaus around the world on Bloomberg Radio’s Bloomberg Best. Some highlights include a look at the U.S. economy with former Treasury secretary Larry Summers and Steve Eisman, who was featured in Michael Lewis’s book "The Big Short," Bayer CEO Werner Baumann discusses the company’s efforts to acquire Monsanto, and Mike Mayo from Wells Fargo discusses JP Morgan’s plans for the future.