Hedge-fund managers are making the biggest ever bet against gold as billionaire George Soros sold holdings last quarter and Goldman Sachs Group Inc. predicted more declines after the longest slump in four years.
Investor fascination with hedge funds has been on full display for the past two weeks as managers filed their quarterly holding reports, known as 13Fs. Everyone wants to know what John Paulson or David Einhorn or David Tepper is loading up on and what they're getting rid of. And yes, there's an exchange-traded fund to feed that fascination. It's up 52 percent since its inception less than a year ago -- 18 percent more than the S&P 500 Index.
Home sales probably rose in April to the highest level in more than three years, extending gains in residential real estate that are giving the U.S. expansion a lift, economists said before reports this week.
Once dismissed by Wall Street as a feel-good fad, “sustainable and responsible investing” has gained momentum, today attracting nearly one in every nine dollars under professional management in the United States.
Primecap Odyssey Aggressive Growth Fund, run by a firm that’s best known as a money manager for Vanguard Group Inc., beat peers over the past five years with a heavy dose of health-care stocks, many held for years.
Investors may be moving away from shares of U.S. companies least affected by economic growth in favor of those that benefit more from expansion, according to Russ Koesterich, BlackRock Inc.’s chief investment strategist.