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.
Tanzanians held a peaceful election that will probably hand President Jakaya Kikwete a second and final five-year term to implement policies aimed at strengthening East Africa’s second-biggest economy.