Friday, 22 August 2014
Last updated 9 hours ago
Apr 23 2014 | 9:25am ET
The world’s biggest money manager doesn’t think much of the hedge funds he blames for selling down technology stocks.
BlackRock CEO Laurence Fink said the sell-off was driven by “fast-money hedge funds” with oversized positions and did not reflect the true value of the battered shares. Indeed, he said, it offered an opportunity to buy-and-hold investors to increase their stakes.
“Long-term investors have not been spooked by this volatility, but shown a remarkable resilience in attitude,” he told the Financial Times. “Much of the volatility was fast-money hedge funds repositioning their trades.”
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note