Adrian Barrie Smith, who recruits housekeeping staff for the wealthy, has sued several well-known Wall Street financiers and even the comedian Jerry Seinfeld.» Read More
Pimco's Bill Gross says Warren Buffett, George Soros and even himself have benefited from favorable market conditions. Dennis Gartman, The Gartman Letter and Joe Greco, Meridian Equity Partners, share their opinions.
"Am I a great investor? Not yet," Pimco's Bill Gross writes in an essay titled "Man in the Mirror." The real test of greatness will be adapting to a new era once the epoch of credit expansion comes to a close.
NEW YORK, April 3- Bill Gross, manager of the world's largest bond fund, said on Wednesday that the Federal Reserve's aggressive monetary policies may have changed the landscape so greatly that investors like himself and Warren Buffett may face radically new challenges in trying to maintain their track records.
LONDON, March 27- Fundamental changes in supply and demand account for less than a third of short-term movements in commodity futures prices, according to an authoritative new study by researchers at UNCTAD and the Swiss Federal Institute of Technology.
LONDON, March 25- A thoughtful new paper from researchers at the University of Illinois marks a significant step forward in research on how commodity futures prices are formed.
LONDON, March 20- The flagship hedge fund of Fortress Investment Group is betting on a further slide in the Japanese yen, predicting the new central bank governor in Tokyo will step-up the pace of monetary policy easing.
Billionaire George Soros says the euro cannot survive, and that Germany is at fault for prolonging the 4-year old crisis, reports CNBC's Michelle Caruso-Cabrera.
"Germany did the minimum that was necessary to preserve the euro... And that is what maintained the crisis conditions," business magnate George Soros said.
NEW YORK, Feb 21- American International Group has replaced Apple Inc as the hedge fund industry's favorite stock, according to a Goldman Sachs Group analysis of fourth-quarter regulatory filings.
NEW YORK, Feb 20- Keith Anderson, the former chief investment officer for billionaire trader George Soros' money management firm, is raising money for a new macro hedge fund, according to a person familiar with the firm.
*Investors focus on equities, S&P rises to 5- year high. NEW YORK, Feb 19- Gold fell near a six-month low on Tuesday, holding just above $1,600 an ounce, as an equities rally and signs of an improving global economic outlook dented bullion's safe-haven appeal. So, the currency hedge is reduced markedly, "said Adam Sarhan, chief executive of Sarhan Capital.
--Clyde Russell is a Reuters market analyst. Renewed buying by India and China, which together account for more than 40 percent of physical demand, has lifted some of the gloom that saw spot gold drop below $1,600 an ounce on Feb. 15.
MONTEVIDEO, Feb 16- Uruguay's Supreme Court has thrown out a controversial tax on large land holdings in the South American beef and soy producer, saying on Saturday the levy introduced in 2011 was unconstitutional.
NEW YORK, Feb 15- Gold prices finished nearly 1.8 percent lower on Friday, extending a week-long trend when several bearish factors, including a rising dollar ahead of the G20 meeting, conspired to push prices below key chart support levels to lows last seen in August.
LONDON, Feb 15- Gold prices extended losses on Friday to more than two percent when it broke below a key chart support level at $1,600 an ounce to its lowest level since August, after earlier declines triggered technically-driven selling. Spot gold hit a low of $1,598.04 an ounce, its weakest since Aug. 16, and was at $1,603.70 by 1555 GMT, down 1.83 percent.
LONDON, Feb 15- Gold prices extended losses on Friday to hit a six-month low as a breach of key chart support levels at $1,625, its previous low for the year, and $1,620 triggered technically-driven selling. Spot gold hit a low of $1,608.11 an ounce, its weakest since Aug. 16, and was at $1,615.01 by 1428 GMT, down 1.2 percent.
*Coming up: U.S. Industrial output; 1415 GMT. LONDON, Feb 15- Gold fell to a six-month low on Friday, breaking through technical support near $1,630 an ounce, as the euro weakened against the dollar ahead of a G20 meeting, which should give more clues on currencies.
Feb 14- Hedge fund heavyweights from Leon Cooperman's Omega Advisors to Barry Rosenstein's Jana Partners threw in the towel on Apple Inc in the fourth quarter, while other managers found discount retailers Dollar General Corp and Dollar Tree Inc attractive, regulatory filings showed on Thursday.
BOSTON, Feb 14- Some of the biggest hedge funds that helped make Apple Inc a stock market darling lost faith and dumped their stakes in the fourth quarter, fueling the massive drop in the iPhone maker's share price.
A reputation as a safe place to park money during global market turmoil helped drive central London office prices up 52 percent between mid-2009 and the end of 2012. Prices in the smaller luxury residential market grew at a similar pace. As investors feel calmer about the world in general, they are looking more closely at London property holdings.