How Reality Crushed The World's Biggest Sovereign Fund Manager
Those who hired Tangen to manage Norway’s savings have been ordered to explain how he’ll handle his personal fortune as CEO now that oil has crashed.
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Icahn Says Stocks Are Overvalued, Virus May Cause ‘Downdrafts’
He’s hoarding cash, shorting commercial real estate and preparing for the coronavirus to wreak more havoc. This is a time to be “extremely careful."
How Renaissance Capital's Models Crashed
The setback for one of the industry’s best known hedge funds is another example of recent market turmoil as automated volatility curbs kicked in.
Paul Singer And Elliott Management See No Bargains And No Bottom Yet
"Our gut tells us that a 50% or deeper decline from the February top might be the ultimate path," the activist firm's latest client letter says.
Guggenheim Bucks The Bulls: Get Ready For S&P 1,200
In their model, there could be rolling shutdowns for the next two years, pushing the market down another 60%. Morgan Stanley disagrees.
Gundlach: Fed COVID Response Is Broken
Bond heavyweight Jeff Gundlach has blasted the Federal Reserve as a "failed" and "broken" institution, claiming the central bank is now off charter.
Buffett's Top Priority Right Now Is Liquidity, Not Shopping
Charlie Munger agrees with the boss: now is not the time to burn cash. Wait until the storm passes and then grab strength at a deep discount.
