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.
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.