Tuesday, 21 October 2014
Last updated 2 hours ago
Jun 28 2013 | 12:13pm ET
DoubleLine Capital's Jeffrey Gundlach has apologized to investors after the bond guru failed to foresee the recent bond selloff.
Gundlach earlier this month told webcast viewers that 10-year U.S. Treasury yields would not rise above 2.35%. Earlier this week, they soared to 2.667%, a nearly two-year high.
"I was wrong," Gundlach told The Wall Street Journal. "I am wrong 30% of the time and right 70% of the time, and this was one that was wrong."
Gundlach has also updated his outlook for Treasuries, predicting that yields will continue to rise into next month and could go as high as 2.75%.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...