Municipal bankruptcies in California, where three cities have filed for protection from creditors since June, are a spreading “disease” in the state, said David Kotok, chief investment officer at Cumberland Advisors.
David Kotok, chief investment officer at Cumberland Advisors, Jeremy Schwartz, Director of Research at WisdomTree Investments Inc., and Joseph Nelesen, Director for iShares Product Management and Consulting, explain how exchange- traded funds can be used to hedge currency risk and why they can be a good tool for investors. Kotok is also vice chairman of the Global Interdependence Center which sponsored the conference "Managing Risk in the ETF Space" held in New York City. They speak with Bloomberg Radio’s Kathleen Hays on Bloomberg Radio’s "The Hays Advantage." They are also joined by guest host Jack Rivkin, chief investment officer at Altegris Advisors LLC.
Los Gatos, California, where Apple Inc. co-founder Steve Wozniak can be seen riding the sidewalks on his Segway, isn’t often mentioned in the same breath as Fresno, an agricultural hub seeking to stave off insolvency.