The Nobel Prize winner says the odds of a recession in 2020 are less than 50%.
But consolidation in Europe has proven challenging, with Deutsche Bank and Commerzbank breaking off talks earlier this year.
Shares in the fund will be available only to institutional buyers.
Michael Burry says smaller value stocks are being unduly neglected around the world.
New York-based Tiedemann Advisors is partnering with Switzerland's Constantia Partners to target clients in the EU and Middle East.
The two transferred some class B shares, which have more voting rights, to class A common stock to make the donation
The Democratic presidential candidate's 2005 book, 'All Your Worth,' popularized a simple budget plan: 50% on needs, 30% on wants and 20% on savings.
Very low yields on bonds sent investors in search of alternative safe havens.
Big banks on Treasury's borrowing advisory committee have been pessimistic about the notion of ultra-long bonds.
Former Credit Suisse Group banker Iqbal Khan will replace wealth management co-head Martin Blessing
