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Browsing Month »June, 2016«

→  June 30, 2016

Michael Sherwood, the London boss of Wall Street bank Goldman Sachs is, like his great friend Sir Philip Green, a fully paid-up member of the ‘have yachts’, as the deck-lounging classes are known. True, the banker only has one vessel to his name, not a flotilla of super-yachts like his mate Sir Shifty. It’s a […]

→  June 30, 2016

OTTAWA Canada, the United States and Mexico on Wednesday mounted a fierce defense of free trade, vowing to deepen economic ties despite an increasingly acrimonious debate about the value of globalization. U.S. President Barack Obama and Mexican President Enrique Pena Nieto also took swipes at U.S. Republican presidential candidate Donald Trump, who has vowed to […]

→  June 29, 2016

Billionaire hedge fund manager Leon Cooperman, the founder of $5.2 Omega Advisors, said young people should perhaps look at a different industry than fund management. “Maybe some of the young people should look into going into different industries…because I think our industry is in turmoil. It’s very ironic because you’ve got [Hillary] Clinton and [Bernie] […]

→  June 29, 2016

ENLARGE As investors digest last week’s Brexit vote, they’re asking a single question: Why were so many pros shocked by the results? After the collapse of the U.S. housing market pushed global markets into free fall in 2008, hedge funds and other investors vowed to become more focused on geopolitical risks, yet few managed to […]