Andy Warhol Is a Bitcoin Star for 15 Minutes
June 11, 2018

The world of finance isn’t done yet with its effort to turn artistic masterpieces into tradeable securities. A decade ago it was hedge funds and bankers selling small shares in works by Andy Warhol and his ilk as investment opportunities. Today it's Continue reading

Not Everybody’s Buying the Saudi Story, Even as Money Gushes In
May 27, 2018

Not Everybody’s Buying the Saudi Story, Even as Money Gushes In

  • Hermes’ Greenberg wants ‘real’ change before committing
  • History suggests underperformance after upgrade, Trustus says

While tens of billions Continue reading

New Hedge-Fund Tax Dodge Triggers Wild Rush Back Into Delaware
March 13, 2018

Wall Street’s fast-money crowd is returning to well-trodden ground to elude Trump-era tax laws: Delaware.

Since late 2017, hedge fund managers have created numerous shell companies in the First State, corporate America’s favorite tax jurisdiction. These limited liability companies share Continue reading

Buffett Warns Investors That Safe-Looking Bonds Can Be Risky
March 6, 2018

Sometimes the best lessons are worth repeating.

Billionaire investor Warren Buffett used his widely-read annual letter to Berkshire Hathaway Inc. shareholders on Saturday to again call out the wasteful fees that many money managers charge. He highlighted the risk of Continue reading

What Just Happened? Six Views on How the Correction Finally Came
February 20, 2018

Like everything in markets, this defies easy narratives. Is it rising yields, hedge funds selling out of arcane positions, inflated valuations bursting or none of the above? After two days of relative peace, investors theorized on what drove U.S. stocks Continue reading

Did Bitcoin Just Burst? How It Compares to History’s Big Bubbles
January 22, 2018

Bitcoin’s recent wobbles have given fresh urgency to a question that’s gripped market observers for much of the past year: Will the cryptocurrency go down as one of history’s most infamous bubbles, alongside tulipmania and the dot-com craze?

The magnitude Continue reading

Bitcoin Surges Past $11,000 as Bubble Warnings Can’t Cool Market
December 12, 2017

Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year’s price surge to almost 12-fold as buyers shrugged off increased warnings that the largest digital currency is an asset bubble.

The euphoria is bringing to Continue reading

Bitcoin Surges After World’s Biggest Exchange Announces Plans for Futures
November 4, 2017

The allure of bitcoin was too much for CME Group Inc.

The world’s largest exchange owner reversed course today and said it plans to introduce bitcoin futures by the end of the year, only a month after dismissing such a Continue reading

A Crypto Fund King Says Bitcoin Will Be the Biggest Bubble Ever
October 5, 2017

Mike Novogratz is reinventing himself as the king of bitcoin.

The swaggering macro manager who flamed out at Fortress Investment Group LLC is starting a $500 million hedge fund to invest in cryptocurrencies, initial coin offerings and related companies. Novogratz Continue reading