Thursday, 26 November 2015
Last updated 17 hours ago
Aug 14 2013 | 9:17am ET
Developed countries are contributing more to global economic growth than emerging markets for the first time since the financial crisis, according to Bridgewater Associates.
The hedge fund giant estimates that the developed world accounts for about 60% of global growth, or 2.01 percentage points, compared to just 1.43% for the emerging world. The last time that the developed world held a lead was in the middle of 2007.
The economic revivals—uninspiring though they may be—of the U.S. and Japan, coupled with slowdowns in the major emerging countries, notably China, are seen as the drivers of the change, The Wall Street Journal reports.
Bridgewater's estimate is based on an estimate of current growth rates, rather than on official numbers.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…