Gary Shilling predicted that the S&P500 would drop 43% from its level in April 2011. The S&P500 was trading at around 1368 that day, now it is at 1,424, up 5%. This makes Gary Shilling the winner of our worst call of 2012, congratulations. We hope no one took his advice!
Here is the link to the transcript of Shilling in his own words, and the video is embedded below:
Many well-known hedge fund managers are also philanthropists, and many of them have their own foundations. Seth Klarman of Baupost is one of those with his own foundation, and he invested in a handful of hedge funds through his foundation. This list of Klarman's favorite hedge funds is based on the Klarman Family Foundation's 990 Read More