This translation has been automatically generated and has not been verified for accuracy.The New York hedge fund manager, seasoned by past financial crises and spooked by seemingly endless quarters of ever-higher markets, had for years set up for financial calamity, even if it meant sometimes poor returns.
“I certainly did not expect it to come from a virus, but I have had the conviction – for a long time – that investors needed to be ready for an extreme market decline,” Weinstein wrote in the letter that was sent to investors on Sunday.Saba is among a small group of firms that have scored major returns for clients in recent weeks through so-called tail risk products.
“This has been a great period for us and our clients,” Universa chief investment officer Mark Spitznagel said via a spokesman, who declined to comment on performance.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal Reserve moves to backstop funding for companies as coronavirus fallout spreadsAs the Fed and other U.S. officials continued fine-tuning their crisis response and debating further steps to support the economy, the central bank said it would reopen the so-called Commercial Paper Funding Facility globebusiness What does that mean even
Source: globeandmail - 🏆 5. / 92 Read more »
Coronavirus uncertainty casts a pall on the March housing marketCOVID-19 fears have sellers, buyers and developers questioning their strategies Well duh! The housing bubble is so far out of control anyway, it actually needs a correction. Those who've overstretched are going to be hit bad, but hey maybe my children will actually be able to afford to buy something in the next couple of years. What bubble? Interest rates are going to be below 1%.
Source: globeandmail - 🏆 5. / 92 Read more »
U.S housing market shows strength before coronavirus outbreakU.S housing market shows strength before coronavirus outbreak GlobeBusiness
Source: globeandmail - 🏆 5. / 92 Read more »
Global stocks sink after Trump promises virus aidGlobal stock markets sank Wednesday in a third day of wild price swings after President Donald Trump promised aid to get the U.S. economy through the coronavirus outbreak. And Can’t hide how happy they are about this. Now about Canada......! It’s very very sickening to see anyone or the “news” happy with what is going on in the world and to make such far reaches with their “news stories” like they can associate Trump with the actions of others and their countries. come on we’re smarter than that Lol cause hes full of shit and everyone knows it.
Source: CTVNews - 🏆 1. / 99 Read more »