Richard McGuire , a former partner at Pershing Square Capital Management, lined up financing from a unit of Blackstone Group LP to start a stock hedge fund, looking to add stakes in small and mid-sized companies.
When the Federal Reserve and Bank of England raised the prospect of buying bonds to support the economy, the dollar and the pound tumbled. As the European Central Bank makes similar suggestions, the euro is rising.
Southeast Europe’s emerging economies must brace for a slowdown as the euro-region debt crisis saps demand for their exports and investment dries up, said Richard McGuire, an economist Rabobank International.
Italy’s government bonds rose for a second day as Prime Minister Matteo Renzi’s party defeated a populist challenge in the European Parliament elections, boosting demand for the euro area’s higher-yielding assets.