Why women make better investors (TheWeek)
Just when you thought the whole Venus versus Mars divide was getting tired, along comes new research that highlights gender differences — this time, in the world of investing. The big surprise, however, is that the way women approach investing actually works in their favor. According to BlackRock, Inc. (NYSE:BLK) investment strategist Nelli Oster, there are three main ways in which women differ from men. First, women tend to view their investing with a longer-term, non-monetary goal in mind — namely, financial security, independence, and quality of life.
Kyle Bass: GM Could Hit $50 in 12 to 18 Months (MoneyNews)
While General Motors Company (NYSE:GM)‘ shares have dropped 16 percent this year amid safety problems with its cars, hedge fund star Kyle Bass, founder of Hayman Capital Management, is bullish on the company. He tells CNBC that GM’s stock could reach $50 in 12 to 18 months. The stock closed at $34.09 Friday. Hayman’s stake in GM makes up almost 25 percent of its portfolio, according to CNBC. The government is investigating ignition problems with GM cars, and the company has recalled 1.6 million of them.
Treasury Yields Rise From Lowest in Week Before Fed Amid Crimea (SFGate)
Treasury yields rose from the lowest in a week before the Federal Reserve begins a two-day meeting tomorrow that analysts said will see policy makers further scale back bond-purchase stimulus. U.S. debt dropped, after posting the biggest advance in two months last week, even as the U.S. and European Union warned Russia it will face sanctions if it annexes Crimea. The Fed is forecast on March 19 to cut its monthly stimulus bond purchases to $55 billion while providing guidance on the future of interest-rate increases. A measure of general business conditions in the New York area rose as U.S. industrial production climbed the most in six months.
Billionaire Ray Dalio’s Top 3 Canadian Stock Picks (Fool)
One of the world’s most respected hedge fund managers is predicting hard times for Canadians. Billionaire Ray Dalio, founder of Bridgewater Associates, says the country’s economy is at the beginning of a tough rebalancing period. In a February research report, Bridgewater reported that, “for more than a decade major global macro pressures have benefited Canada on an absolute basis and relative to the U.S.,” and that those conditions “have now left the Canadian economy unbalanced and at significant risk for the next decade.” Mr. Dalio’s musings are worth your attention. His hedge fund has made more money for clients than any firm in the history and his research is required reading in some investment circles.
Canadian pension funds warned about property exposure (FT)
Canada could soon find its haven reputation under threat as clouds continue to gather over its property market, raising concerns that Canadian pension funds are overexposed to domestic real estate. Last month it emerged that Pimco, one of the world’s biggest fund houses, had slashed its exposure to Canada amid fears that its housing market is heading for a significant correction. Ed Devlin, head of portfolio management at Pimco Canada, blamed the expected property market decline on a combination of higher mortgage rates, tighter mortgage underwriting standards, modest economic recovery and stretched valuations in the housing market.
German court rejects $1.9 bln Porsche SE investor lawsuit (Reuters)
A German court has dismissed a lawsuit by hedge funds seeking 1.36 billion euros ($1.9 billion) in damages from investment company Porsche SE , in a ruling that bodes ill for other claimants pushing damages claims against Porsche. Two dozen hedge funds, including Viking Global Investors, Glenhill Capital and Greenlight Capital, had accused Porsche SE of camouflaging a plan to acquire much-bigger Volkswagen AG (ADR) (PINK:VLKAY) and secretly piling up a holding in Europe’s largest automaker during 2008.
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