Tuesday, 23 September 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 McKitich, CIO of Petty 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…
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…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.