Thursday, 28 August 2014
Last updated 2 hours ago
Jun 6 2014 | 10:05am ET
David Tepper is ready to be friggin’ long again.
The Appaloosa Management chief told CNBC yesterday that the European Central Bank’s moves this week, including a negative interest rate on deposits, had “alleviated” his concerns about stocks. At last month’s SkyBridge Alternatives Conference, Tepper said he was “nervous,” and warned investors not to be “too friggin’ long.”
“They’re waiting, waiting, waiting,” Tepper said. “The EVC better ease in June. I’m nervous.”
Yesterday, the bank complied with Tepper’s request, cutting interest rates to just 0.15%, with the effect of pushing deposit rates into negative territory, an unprecedented move.
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 ...