from Unstructured Finance:

Jeffrey Gundlach, on his year as new ‘King of Bonds’

By Jennifer Ablan
December 15, 2014

Gundlach, star bond investor and head of DoubleLine Capital LP,  is photographed during an interview in New YorkWhen Bill Gross shocked the investment world on Sept. 26 by storming out of Pimco, the most prominent bond investor in the world didn’t stop leaving people stunned.
It was later revealed by Reuters that Gross had paid an unlikely visit to his fiercest rival: Jeffrey Gundlach.
For two decades, the two had no relationship or interaction at all, even though their personas were intertwined, compared and contrasted often in the financial media and by other bond market players. (Morningstar named Gross "Fixed Income Manager of the Decade" in 2010, an award for which Gundlach was a finalist. Then in 2011, Barron's magazine anointed Gundlach as the new King of Bonds.)
Gross not only unexpectedly departed his firm for under-the-radar Janus Capital but also considered joining Gundlach’s DoubleLine Capital. Gundlach said the so-called “Dream Team” didn’t work out but “you never know what will happen in the future.”
Overall, the gesture by Gross officially affirmed the investment world’s long-held view that Gundlach had been anointed the new Bond King.
What follows are excerpts of my hour-long interview – unfortunately, not on the north loggia of Gundlach's Los Angeles home -- about Gundlach’s investment calls (old and news ones), his competitors, the future of fixed income and his firm’s fifth year anniversary which was celebrated on Sunday.

from Breakingviews:

Yellen should gird for activist investors

December 9, 2014

By Rob Cox

The author is a Reuters Breakingviews columnist. 

Janet Yellen faces a long list of challenges for 2015. The Federal Reserve chair must keep her fellow governors aligned on the timing of interest rate increases while battling a Congress hell-bent on circumscribing the U.S. central bank’s powers. A less obvious trouble spot for Yellen’s year two in the job may be restive shareholders of systemically important financial institutions.

from Global Markets Forum Dashboard:

Equity bull market ongoing as Fed interest rate raise “years away” – Cumberland’s Kotok

December 3, 2014

The Dow Jones Industrial Average hit a record high for the third straight day this week. The S&P 500, since breaking the 2,000 level on Oct. 31 has since remained above that level.

from Global Markets Forum Dashboard:

Fed should take “Goldilocks” jobs report with grain of salt; wage growth still main story – Rivkin

November 7, 2014

Friday's jobs report was something that the market could take in stride and the U.S. Federal Reserve could breeze over in its interest rate policy plotting. Even as the unemployment rate sank to a six-year low, wage growth remains stagnant. Wage growth has to become more robust and consistent before the Fed embarks on raising interest rates, most analysts agree.

from MacroScope:

Central banking elite under one roof

By Mike Peacock
November 7, 2014

U.S. Federal Reserve Chair Yellen speaks with European Central Bank President Draghi at the Jackson Hole Economic Policy Symposium in Jackson Hole

After European Central Bank chief Mario Draghi managed to mend fences and get his colleagues to sign up to his 1 trillion euros or so target to push into the ailing euro zone economy, Paris hosts its version of the Jackson Hole central bankers meeting.

from Breakingviews:

End of U.S. QE is actually good for world economy

November 4, 2014

By Ian Campbell

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Global Markets Forum Dashboard:

Aberdeen asset manager focuses on value amid market turmoil

October 29, 2014

Volatility has cooled for the moment, even as the U.S. Federal Reserve lifted its quantitative easing program on Wednesday, but Europe, China and Brazil are still concerns for financial markets, according to a veteran investment manager.

from Global Markets Forum Dashboard:

Sinking mortgage rates disguise investor fear – economist

October 27, 2014

A dip in 30-year mortgage rates to their lowest level in more than a year and stronger U.S. housing data on Friday appeared to be the green shoots of the next phase of U.S. economic recovery, that being the housing market.

from Global Markets Forum Dashboard:

GMF @HedgeWorld West, World Bank/IMF and Financial & Risk Summit Toronto 2014

October 3, 2014

(Updates with guest photos and new links).

Join our special coverage Oct. 6-10 in the Global Markets Forum as we hit the road, from the West Coast to Washington to the Great White North.

from Anatole Kaletsky:

Here’s what it will take to trigger the next stock market correction

By Anatole Kaletsky
August 21, 2014

Traders work on the floor of the New York Stock Exchange shortly after the market's opening in New York

As Wall Street hit another new record Thursday, it is worth considering what could cause a serious setback in stock market prices around the world. Since I started writing this column in 2012, I have repeatedly argued that the rebound in stock market prices from their nadir in the 2008-09 global financial crisis was turning into a structural bull market that could continue into the next decade.