Market risk is ignored by invincible investors
Breakfast with Benjamin: A real risk thanks to the bull market: investors' sense of invincibility, plus El-Erian dishes on Pimco, second-guessing Calpers, and more.
- The downside of a Fed-fueled bull market is that everyone feels like an investment genius. The real risk in this market is that investors are starting to believe their portfolios are invincible. Confusing brilliance with a bull market
- Mohamed El-Erian gets chatty and melancholy about his departure from Pimco. But he’s still not dishing on his former boss, Bill Gross. ‘Part-time work’ is not in his vocabulary
- Nick Schorsch adds more muscle to his growing nontraded REIT empire by hiring former LPL exec Bill Dwyer. IN’s Bruce Kelly breaks it down ahead of the pack. Shaking up the leadership
- Second-guessing the Calpers’ decision to dump its hedge fund exposure. Despite the naysayers, the latest data show hedge funds are still alive and well. Even the much unloved fund of hedge funds sector has stopped hemorrhaging assets
- Big government becomes obsessed with corporate inversions, completely missing the point of why companies are relocating headquarters to more tax-friendly locales. Your tax dollars at work. Making the inversion numbers harder to add up
- The first step to investing in volatility is convincing oneself that it is an actual asset class. A source of opportunity
- Now that hedge funds have been given an inch, in terms of the ability to advertise, some are taking a mile, in terms of cherry-picking performance reports. The slippery side of advertising rules
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