The Federal Reserve will at its next meeting reduce its unprecedented stimulus to as little as $60 billion each month, according to Bruce Richards, chief executive officer and co-founder of New York-based hedge-fund firm Marathon Asset Management LP.
Greece and its private creditors are beginning a final push to renegotiate debt as a member of the investor group said they are likely to get cash and securities with a market value of about 32 cents per euro of government bonds.
Energy Future Holdings Corp.’s October and November interest payments on its $43.6 billion of total debt will prompt the former TXU Corp. to restructure, according to Marathon Asset Management LP’s Bruce Richards.
Investors should avoid relative-value fixed-income funds for the next two years as the Federal Reserve starts scaling back unprecedented stimulus efforts that helped push borrowing costs to historic lows, according to Marathon Asset Management LP’s Bruce Richards.
The February 2013 issue of Bloomberg Markets magazine contains our annual rankings of the world's richest hedge funds. The following 100 comprise our list of best-performing hedge funds managing $1 billion or more. Our rankings are based on data compiled by Bloomberg specialist Anibal Arrascue and information supplied by hedge-fund research firms, hedge funds and investors. Assets and returns are for the 10 months ended on Oct. 31, 2012. Click here for a PDF and here for the accompanying story.