Thursday, 2 April 2015
Last updated 10 hours ago
Sep 10 2008 | 3:51pm ET
With the doom and gloom surrounding Lehman Brothers, it might seem a strange time to say that financials have hit bottom. But that’s exactly what Jim Chanos has done.
The Kynikos Associates chief said on CNBC that Wall Street’s worst has past.
“We have probably seen the worst in financials,” Chanos said, adding that he has slashed his short positions in financials because most of the bad news about the sector is already out there. Instead, the $5 billion hedge fund shop is focusing on companies involved in commodities.
“We would short companies that might depend on cement prices or steel prices going up,” Chanos said. He would not say what names he is currently shorting.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…