Funds
Buffett Sees `Raining Gold' as Insurers Step Up Corporate-Bond Purchases U.S. insurers, holders of more than
$2.2 trillion in corporate debt, bought the bonds at the fastest
pace in five years in 2009, taking advantage of a market that
Warren Buffett said was “raining gold.”
Yale's Swenson Cuts Hedge Funds to Boost Private Equity, Real Asset Stakes Yale University, whose endowment is
the top performer in the U.S., is cutting its target allocations
in hedge funds to allow for bigger stakes in private equity and
real estate, the asset classes that hurt the fund last year.
CDO `Samaritan' Hildene Duels With Fund Goliaths Over Stripping Collateral Hildene Capital Management LLC, the
$150 million hedge fund that gained 33 percent last year, is
fighting firms 100 times its size to preserve the value of
collateralized debt obligations holding bank securities.
Jim Rogers Says He's Shunning `Pretty Bad' Sterling on U.K. Trade Deficit Investor Jim Rogers, chairman of
Singapore-based Rogers Holdings, said he is shunning sterling
because of the U.K.’s trade deficit.
Smart Energy's Lang Aims to Repeat 83% Return Betting Against Hedge Funds The top-ranked investor in
renewable energy last year is betting hedge funds are wrong.
Finance Bonds Beating Industrials as JP Morgan Sells Debt: Credit Markets Financial company bonds are beating
industrial debt by the most this year after lagging behind in
February, encouraging investors to snap up new issues from
JPMorgan Chase & Co. and Credit Suisse Group AG.
Europe Equity Funds Post Biggest Outflows Since 2009 on Greece Debt Crisis European equity funds posted net
outflows of $1.06 billion in the week to March 17, the biggest
net withdrawal since May 2009, amid concerns about Greece’s debt
crisis, EPFR Global said today in a statement.
Sovereign Credit Swap Curbs in Europe May Push Trading to Asia, ISDA Says Limits on trading credit-default
swaps linked to government debt being pursued in Europe may push
trading of the contracts to Asia, according to the International
Swaps and Derivatives Association.
Chubb's CEO Finnegan Says Ability to Compete Hurt by `Troubling' Bailouts Chubb Corp. Chief Executive Officer
John Finnegan, who shunned investments in subprime loans, said
government bailouts punish the best-run companies and impede the
functioning of markets.
Fed May Increase Discount Rate Before Next Policy Meeting, Economists Say The Federal Reserve may increase
the discount rate, charged on direct loans to banks, before the
next meeting of the Federal Open Market Committee on April 28,
economists said.
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