Strategist Lewitt: Stocks Are Too Expensive as Global Economy Weakens
The U.S. stock market is overvalued and ripe for steeper declines as the global economy weakens, said strategist Michael E. Lewitt.
US Hedge Funds Brace for Worst Year Since Financial Crisis
U.S. hedge funds are bracing for their worst year since the 2008 financial crisis after a dramatic sell-off in healthcare and biotechnology stocks triggered double-digit losses for some prominent players last month.
September's sucker punch in the biotech sector, on top of...
It's Turning Into a Brutal Game of Survivor for ETFs
Only 10 percent of exchange-traded funds are in positive territory, after market selloffs in the U.S., Europe, and Asia, and a plunge in commodity prices. Ten percent.At this time last year, 66 percent of ETFs were up.
Bernanke Recalls Lehman's 'Surreal' Failure
Ben Bernanke recalls the September weekend in 2008 when regulators sought desperately but in vain to save the investment bank Lehman Brothers as a terrible, surreal moment. We were staring into the abyss, the former Federal Reserve chairman writes of the tense...
World's Biggest Currency Trader: Weak Jobs Means Weak Dollar
The dollar is looking down.Citigroup Inc., the top foreign-exchange trader by volume and one of the banks to correctly forecast a weaker-than-projected jobs report, said Friday's data will cause the U.S. currency to depreciate.
Pimco Total Return Suffers 29th Month of Investor Redemptions
Pacific Investment Management Co.'s flagship fund had its 29th straight month of client redemptions in September from what was once the world's largest mutual fund.Investors pulled $2.3 billion from the Pimco Total Return Fund, according to statements by the firm, which...
Gundlach's DoubleLine Capital Posts 20th Straight Month of Inflows
DoubleLine Capital, whose co-founder Jeffrey Gundlach is widely followed for his investment calls, on Thursday reported $1.1 billion in net additional investments in September, the 20th consecutive month it has attracted new money.
Goldman Has 40 Stocks You Should Buy and 40 You Should Sell
It's been a tough year so far for investors, with a wide variety of assets posting negative returnsIn its latest quarterly chartbook, Goldman Sachs analysts point out that everything from gold to mutual funds isn't looking so hot. Meanwhile, the S P 500 stock index has...
Cantor Fitzgerald: 4 Signs That Stocks Have Topped Out
Stocks won't break any new records this year as the signs of a market top are growing, said Peter Cecchini, chief market strategist at Cantor Fitzgerald.
Pimco Sees 'Pendulum Swinging to Investors' as Capital Tightens
When the Federal Reserve raises rates and the cost of capital increases, corporate bond issuers will have to instate covenants and protections for buyers that have fallen to the wayside in recent years, according to Mark Kiesel, the chief investment officer for global...
New York REIT Plans Strategy Review Following Litt Critique
New York REIT Inc., an owner of properties in Manhattan and Brooklyn, plans to review its business and add independent directors after investor criticism that the company was underperforming.
The real estate investment trust said in a statement Thursday it was starting...
Blackstone Gets $15.8 Billion for Biggest Ever Real Estate Fund
Blackstone Group LP, the world's biggest alternative-asset manager, gathered $15.8 billion for the largest fund to invest in global real estate.The firm collected more than 90 percent of the pool, its eighth fund for global property, from institutions in about four months,...
Blackstone’s Gray Says REIT Buyouts Loom Amid Bearish Market
Stock investors are too bearish on U.S. real estate, and the market's decline probably will lead to more takeovers of publicly traded landlords, along with asset sales, said Jon Gray, global head of real estate at Blackstone Group LP, the largest private equity investor in...
Ackman, Einhorn Lead Hedge Funds on Track to Rival ’08 Slump
There's no big bank failure on the horizon. The housing market is booming, not melting. Yet for a handful of well-known hedge fund managers, 2015 is looking a lot like 2008, when their industry suffered record losses and investor withdrawals.
David Einhorn and Michael...
Alhambra's Snider: Mortgage REITs Signal Warning of Liquidity Bottleneck
Mortgage REITs attempt to hedge out near-term rate risk, but they don’t always get it right.
Nomura's Janjuah: Brace Yourself for Deeper Stock Declines
Stocks will fall about 5 percent from current levels and may even slide into bear market territory in the next few months as emerging markets like China rattle investors, said Bob Janjuah, a strategist at Nomura Holdings Inc.
WisdomTree Looks to Fed to Boost Dollar-Hedged ETFs as Flows Ebb
The Federal Reserve's first interest-rate increase in almost a decade can't come soon enough for exchange-traded fund providers such as WisdomTree Investments Inc.Higher borrowing costs will renew a rally by the U.S. dollar, tempting investors back into funds that protect...
Charles Sizemore: 10 Dividend Stocks to Own for the Fourth Quarter
If current income is a part of your investment process, then a little market volatility is nothing to worry about. A portfolio of cheap dividend stocks with high and growing payouts will to allow you to realize a decent cash return while waiting for the market regain its footing.
Activist Litt Calls on Apollo to Remake New York REIT Board
New York REIT Inc., a property company once part of Nicholas Schorsch's real estate empire, should replace at least half of its board with new independent directors to restore shareholder confidence, investor Jonathan Litt said in a letter.
The real estate investment trust,...
ETF Investors Exit Emerging-Market Stock Bets as China Falters
Traders dumped exchange-traded funds tracking emerging-market stocks at the fastest pace in over a year last quarter amid concerns over the slowdown in China, a selloff in commodities and the prospect of higher interest rates in the U.S.Investors pulled $6.1 billion from...
Icahn: Public Going to Get Hurt by Overpriced Markets, 'Mirage' Earnings
Markets look "way overpriced" and many investors have put themselves in "dangerous" positions, activist investor Carl Icahn said.
Buffett's Berkshire Reduces Munich Re Stake to 9.7% From 12%
Warren Buffett's Berkshire Hathaway Inc. has cut its stake in Munich Re after lamenting a slump in the reinsurance business.
Jeremy Siegel: Buy Dividend-paying and Value Stocks and Ignore Fed
Stock-market guru Jeremy Siegel, professor of finance at the University of Pennsylvania, continues to be bullish about the stock market's future, despite a quarterly slump that wiped almost $11 trillion off the value of global shares.
Stock Gurus to USAToday: Bear Market Has Arrived
An increasing number of investment gurus have told USAToday that a bear market has already hit Wall Street after a quarterly slump that wiped almost $11 trillion off the value of global shares.
Qatar Wealth Fund Backs Apollo Commercial REIT in US Expansion
Qatar's sovereign wealth fund, which plans to invest $35 billion in the U.S. in the next five years, is backing a commercial real estate investment trust run by a subsidiary of Leon Black's Apollo Global Management LLC.
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