Salient to Investors: Mohamed El-Erian at PIMCO sais the economy is healing gradually. Hedge-fund managers et al reversed from net-short to net-long in 10-year note futures for the week ending July 31. Gary Madich at J.P. Morgan Asset Management said the jobs number shows we are not going into a recession or Armageddon. Fed Bank of Richmond
READ MORE... →Salient to Investors: George Soros warned that a failure by EU leaders to produce drastic measures could spell the demise of the Euro and that policy makers should create a European Fiscal Authority to purchase sovereign debt in return for Italy and Spain implementing achievable budget cuts Soros said Angela Merkel
READ MORE... →Salient to Investors: Hedge funds et al raised net-long positions across 18 U.S. futures and options last week, the highest in four weeks and the first consecutive gain since the end of February. Commodities slumped into a bear market June 21. Jeffrey Sherman at DoubleLine Capital expects volatility in commodities as people
READ MORE... →Salient to Investors: Hedge funds that specialize in commodities lost again third May in a row. Commodity managers mirrored hedge funds as a whole, which dropped 2.9 percent in May. Read the full article at http://www.bloomberg.com/news/2012-06-20/hedge-funds-hurt-in-may-commodity-rout-as-brevan-drops.html
READ MORE... →Salient to Investors: Hedge funds and distressed debt funds are buying Greek mortgage bonds as mutual funds and banks have to sell because of credit downgrades, in a bet the bonds will rebound if Greece stays in the euro. JPMorgan said initially assigned top credits pay 22 percentage points more than benchmark rates, more
READ MORE... →Salient to Investors: Private-equity and institutional funds cannot find enough low-cost foreclosed homes as the supply has fallen and prices have recovered. U.S. home prices are 35 percent below the 2006 peak. Demand for rentals is growing, homeownership is at the lowest level since 1997. Bulk sales may be delayed by political pressure to monitor the properties.
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