Emerging Markets `Only Place to Be’ Next Year, UBS Strategist Palma Says Emerging-market companies are the best stock investments for next year because earnings growth may exceed the expansion in developed nations by 10 percent, said Jeffrey Palma, the head of global equity strategy for UBS AG.
Hedge Fund Manager Sprott Says S&P 500 to Fall Below March Low on Economy The Standard & Poor’s 500 Index will collapse below its March lows as an expected rebound in economic growth fails to materialize, according to hedge fund manager Eric Sprott.
Biggs, Faber Unite in Predicting Dollar Rally as S&P 500 Extends 67% Surge Barton Biggs and Marc Faber, who recommended buying stocks in March when investors were dumping them, are again united as they predict gains for U.S. equities and the dollar.
Bill Miller Makes Comeback After Three Years With Bet on Economic Rebound Legg Mason Inc.’s Bill Miller, who snapped his 15-year market-beating streak in 2006, is back near the top of the fund manager rankings this year, betting the U.S. economy will return to its old strength.
Emerging-Market Inflows Triple on Export Recovery, EPFR Globa Report Says Emerging-market equity funds inflows tripled last week as the outlook improved for developing-nation exporters, EPFR Global said.
Midtown Manhattan Office Rents Fall 33% in 2009 as City Unemployment Rises Midtown Manhattan office rents fell 33 percent in 2009 as New York’s financial industry cut staff and relinquished space, commercial property broker FirstService Williams said in a report.
Brazil’s Sovereign Fund Assets to Be Benchmarked Against Libor, TJLP Rates Brazilian President Luiz Inacio Lula da Silva issued rules for the country’s so-called sovereign wealth fund, benchmarking returns against Libor and a government-set long term interest rate.
Calpers Restricts Contacts Between Board Members, Outside Money Managers The California Public Employees’ Retirement System, the largest state-run U.S. public pension, set new restrictions on contacts between board members and outside money managers.
Goldman Sachs Wins Most Fees on U.S. IPOs as Citigroup Drops From Top Five Goldman Sachs Group Inc. won the biggest share of the $923 million in fees from U.S. initial public offerings this year, while Citigroup Inc. fell out of the top five after its revenue plummeted more than 50 percent.