Wednesday, 27 August 2014
Last updated 14 hours ago
May 12 2010 | 9:37am ET
Add the voice of Barton Biggs to the chorus of hedge fund managers who see big things for the U.S.—and world—economy.
The Traxis Partners founder pooh-poohed any suggestion that anything could blunt the market rally he predicted for this year. Not even the European debt crisis.
“I would just point out that the world is having a strong economic recovery, and so is Europe,” he told Bloomberg Television.
Biggs is especially bullish, however, about the U.S., with Morgan Stanley’s former chief strategist predicting a 15% to 20% rally in stock prices. In particular, he’s favoring technology and pharmaceutical stocks, as well as property companies.
“There are plenty of opportunities in the U.S.,” Biggs said. “It’s by no means a foregone conclusion that we have a crisis every three years and, my God, that the world is coming to an end.”
“I don’t believe that’s what’s happening at all.”
Original Airdate: May 11, 2010
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...