Soros Signals Gold Bubble as Momentary Buyer While Goldman Predicts Record George Soros is helping drive up gold prices by doubling his bet in a market even he considers a “bubble” as Goldman Sachs Group Inc., Barclays Capital and HSBC Holdings Plc predict more gains before it bursts.
American Funds Ranked First by Morningstar for Wealth Creation, Janus Last American Funds, the biggest active manager of stock and bond mutual funds, created the most wealth for investors in the past decade, while Janus Capital Group Inc. destroyed the most, Morningstar Inc. said today.
VIX Tracking Junk Bonds Proves to PNC Gains for S&P 500 as Pimco Says Not! Just when U.S. consumer confidence is dropping and Federal Reserve Chairman Ben S. Bernanke says the economy is too fragile to raise interest rates, the options market shows investing in stocks is getting safer.
Pimco’s Gross Says Sovereign Debt Returns Will Resemble Corporate Yields Bill Gross, who runs the world’s biggest mutual fund at Pacific Investment Management Co., said government bailouts suggest a global “unicredit” type of bond market where rates on sovereign debt will resemble the yields of corporations and industries they guarantee.
Buffett Cancels Geico Credit-Card `Fiasco’ With Loss of 45 Cents on Dollar Billionaire Warren Buffett shut a Berkshire Hathaway Inc. credit-card business and sold bad loans at 55 cents on the dollar in what he called a “very expensive business fiasco.”
Greece Loses Kokusai’s Investment as Bondholders Demand 7% From Next Sale Petros Christodoulou, the new head of Greece’s government debt agency, faces a dwindling investor base as the country prepares to sell bonds as soon as this week.
Prudential CEO Thiam Makes Biggest Bet of Career With Record Asia Purchase Prudential Plc Chief Executive Officer Tidjane Thiam knows about taking risks.
Greece Now, U.K. Next as Scots Investors Ready for 20-30% Plunge in Pound While the eyes of the world focus on Greece’s debt crisis, investors in Edinburgh are busy preparing for the U.K. to be next.
Norway Gives Approval for Its Wealth Fund to Buy Up to 5% in Real Estate Norway gave approval for its $440 billion sovereign wealth fund to invest as much as 5 percent of its value in real estate to increase returns and limit overall risk after record losses in 2008.