Ray Dalio on the Global Economy. Hedge Fund Gurus, Who Is Buying? Who Is Selling?
France Debt ‘Significantly Overvalued,’ General Re Says. General Re-New England Asset Management Inc., a unit of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), said investors seeking to cut risk in Spain and Italy are paying too much for French sovereign debt. “France is significantly overvalued,” GR-NEAM Chief Investment Officer John Gilbert wrote in a newsletter on the unit’s website. The country should be paying 4.5 percent to 5 percent yields on 10-year bonds based on its risks, closer to Italy and Spain’s rates than what Germany pays, he said. Yields on France’s 10-year government debt have slid to about 2.1 percent from more than 3 percent at the end of last year. The yield on similar maturity German bunds fell to 1.34 percent today, while Spain’s debt rose to 6.47 percent and Italy’s climbed to 5.82 percent.
France, the euro area’s second-largest economy, has benefited as investors fled weaker neighbors including Italy and Spain, which are struggling to rein in borrowing costs amid the currency bloc’s debt crisis. Warren Buffett. Warren E. Buffett "has been Chief Executive Officer of Berkshire Hathaway Inc., since 1970. Mr. Buffett is a controlling person of Hathaway Inc.
Mr. Buffett served as Chief Executive Officer of Salomon Inc. from August 18, 1991 to June 3, 1992 and Chief Executive Officer of Salomon Brothers Inc. from August 18, 1991 to May 27, 1992. He has been Chairman of Berkshire Hathaway Inc., a holding company of See's Candy Shops, Inc. since 1970. He served as Interim Chairman of Salomon Inc. from August 18, 1991 to June 3, 1992 and interim Chairman of Salomon Brothers Inc. from August 18, 1991 to May 27, 1992. Warren Buffett and tobacco During the RJR-Nabisco, Inc. hostile takeover fight in the late 1980s, Buffett was quoted as telling Salomon Brothers he liked the profit-making potential of selling cigarettes. However, by 1994, Buffett had changed his stance on tobacco. Warren Buffett and coal Mid-American Energy BNSF Railway Buffett Profiled in Rolling Stone Magazine Affiliations External resources. » 0430 Les hedge funds. La gestion alternative est un mode de gestion de portefeuille appliqué par certains fonds d’investissement dits « fonds alternatifs » ou « fonds de couverture », ou hedge funds.
L’investissement minimal va de quelques dizaines de milliers de dollars parfois, à plusieurs centaines de milliers plus souvent, suivant les fonds. De plus, n’étant par essence pas aussi réglementés que les fonds de placement classiques, ils ne peuvent être distribués au grand public et sont réservés à la catégorie des investisseurs institutionnels ou aux grandes fortunes. La définition d’un hedge fund reste confuse puisque chaque source possède ses propres critères. Cependant, pour les différencier des OPCVM, les hedge funds font appel à l’emprunt pour composer leurs portefeuilles, ce qui les contraint donc à dépasser des seuils de rentabilité minimale. L’évolution de leur nombre a été très rapide, mais s’est stabilisée depuis la crise : On constate ainsi que les hedge funds n’ont guère connu la crise…
Mugabe's Bailout: Och-Ziff Investment Linked to Zimbabwe Despot. At 6 feet 2, James McGee announces his military background through his bearing. His hair is now platinum, his shoulders often thrust back. Raised during the 1950s and ’60s in the shadow of the steel mills of Gary, Ind., McGee served in Vietnam, often sitting in the back of a World War II-era cargo plane stuffed with electronics. As a member of a U.S. Air Force intelligence unit, he listened through headphones for enemy signals or friendly distress calls so he could triangulate their positions. Almost four decades later, as the U.S. ambassador to Zimbabwe, he again found himself trying to make sense of signals in hostile territory. In March 2008, McGee met secretly with a member of the political machine of Robert Mugabe, the president of Zimbabwe and Africa’s most notorious living despot. McGee was deeply skeptical of his informant during their first meeting, but he found one of his tips plausible: The dictator was about to lose a first round of elections, and Mugabe knew it.