Sunday, 21 December 2014
Last updated 1 day 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.