After months of declining market exposure, the sharp increase in hedge fund leverage in recent weeks has helped drive outperformance. In addition to adding leverage through cash equities, call option volume rose to record levels, hedge fund S&P 500 futures exposures climbed by $15 billion, and the share of S&P 500 market cap held short fell to a 1-year low.
More than half of the Clinton Foundation’s major donors would be prevented from contributing to the charity under the proposed self-imposed ban. The analysis, which examined donor lists posted on the foundation’s website, found that 53% of the donors who have given $1 million or more to the charity are corporations or foreign citizens, groups or governments. The list includes the governments of Saudi Arabia and Australia, the British bank Barclay’s, and major U.S. companies such as Coca-Cola and ExxonMobil.
"Reject cynicism. Reject fear" exclaimed an exuberant Barack Obama, adding that "America is already great." The problem with all this bravado is... you can't eat 'hope' and 'faith' does not put gas in the tank.
The "Clinton Defense" is becoming a popular argument in the cases of many "rank-and-file" military personnel facing espionage charges for "far lesser offenses" than those committed by Clinton. Though at least one expert "doubts" whether the defense will be "effective." Shocking.
"Many people are increasingly feeling unsafe. Every law-abiding citizen should be in a position to defend themselves, their family and their friends," AfD Chairowman Frauke Petry told the Funke Media Group in an interview published on Saturday. "We all know how long it takes until the police can get to the scene, especially in sparsely populated places," she said.
While much of the media focus over the past week has been on the potential corruption scandal involving Ukraine's former president and Donald Trump's now former advisor, Paul Manafort, perhaps it is time for it to shift attention to the Podesta Group, the lobbying firm which belongs to Tony Podesta, the brother of Hillary Clinton campaign chairman John Podesta
India appointed Urjit Patel as the country’s next central bank chief, replacing the departing Reserve Bank of India governor Raghuram Rajan. Patel is currently a deputy governor at the RBI. He has been appointed for three years and will begin his term once Mr. Rajan steps down on Sept. 4.
The circumstances of Obama’s enormous cash transfer to our terrorist enemies raise serious questions about whether American policy against paying ransoms to terrorists has been flouted. But that should not obscure a more fundamental issue: The president has violated the law.
The City of Vancouver currently has an average home price of $1.1 million, down 20.7% over the last 28 days and down 24.5% over the last three months. The average detached home is $2.6 million, down 7% compared to three months ago. There were only three home sales in West Vancouver between Aug. 1 and 14 this year, compared to 52 during the same period last year. That’s a decrease of 94%.
George Sokoloff, founder and CIO of Carmot Capital, explains why typical asset allocation strategies, including those employed by most "sophisticated" hedge fund managers, end up getting slaughtered during market shocks despite perceptions of being "well hedged".
In what's been aptly described as the "cultural libertarian" movement, young millennials from a variety of backgrounds have united based on a fervent disdain for those that believe there are boundaries to what’s deemed “acceptable” speech - a hatred of authority; and a love of freedom and mischief.
If you're a parent whose home is at risk of being invaded by your residentially-challenged Millennial children, the University of Minnesota has developed a useful interactive map to help you assess where you might move to avoid them. Spoiler alert, North Dakota seems to exhibit amazing, natural Millennial-deterrent characteristics.