Louis Moore Bacon told investors it’s too hard to make money with macro hedge funds as government intervention and declining trading volumes limit the ability of managers to make large bets. He should consider the $7 trillion U.S. mortgage bond market.
The polar vortex that blasted through much of the United States last month made selling cars as difficult as moving the snow mounds that rose up around David Martin’s dealership near New Hampshire’s Mt. Washington.
The U.S. Securities and Exchange Commission and other government agencies are conducting a broad probe of “potential security and financial risks” in a foreign visa program used to promote job growth, according to a letter sent to the Senate yesterday.