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May 9, 2013

Einhorn’s advice to investors: don’t take my advice

NEW YORK, May 8 (Reuters) – David Einhorn, one of the most
closely followed managers in the $2 trillion hedge fund
industry, had some blunt advice on Wednesday for his fellow
investors: Do your own homework.

Einhorn, this year’s star attraction at the Sohn Investment
Conference, an annual confab where the industry’s top investors
share their favorite trade ideas, wrapped up his presentation by
offering some words of warning about his public comments.

May 9, 2013

Einhorn’s advice to investors: don’t take my advice

NEW YORK, May 8 (Reuters) – David Einhorn, one of the most
closely followed managers in the $2 trillion hedge fund
industry, had some blunt advice on Wednesday for his fellow
investors: Do your own homework.

Einhorn, this year’s star attraction at the Sohn Investment
Conference, an annual confab where the industry’s top investors
share their favorite trade ideas, wrapped up his presentation by
offering some words of warning about his public comments.

May 8, 2013

HIGHLIGHTS: Ira Sohn Investment Conference in New York

NEW YORK, May 8 (Reuters) – High-profile money managers
raised red flags about the loose monetary policies taking place
around the world at the annual Sohn Investment Conference, a
closely watched charitable event, on Wednesday.

The event, which raises money for pediatric cancer research,
is where big-name hedge fund managers come to share their “best
ideas” with other wealthy investors.

May 2, 2013

Analysis: Access to China’s onshore market could beckon ETFs

NEW YORK/HONG KONG (Reuters) – Where there’s an investing niche, there’s probably an exchange-traded fund that exploits it. Mainland China is an exception.

Chinese plans to increase foreign access to its $3 trillion onshore stock market may pave the way for ETFs that can own these shares and be sold to foreigners. But getting there is likely to be a long, difficult process, and investing in such securities will likely carry big risks.

May 2, 2013

Access to China’s onshore market could beckon ETFs

NEW YORK/HONG KONG, May 2 (Reuters) – Where there’s an
investing niche, there’s probably an exchange-traded fund that
exploits it. Mainland China is an exception.

Chinese plans to increase foreign access to its $3 trillion
onshore stock market may pave the way for ETFs that can own
these shares and be sold to foreigners. But getting there is
likely to be a long, difficult process, and investing in such
securities will likely carry big risks.

Apr 23, 2013

Analysis: False White House tweet exposes instant trading dangers

NEW YORK (Reuters) – The upheaval in financial markets caused by a false report of explosions at the White House was brief, but its effect on traders who have come to rely on Twitter may last quite a bit longer.

Volatile price moves ricocheted through markets for stocks, bonds, currencies and commodities around 1 p.m. EDT on Tuesday after a tweet purporting to be from the Associated Press said there had been two explosions at the White House and that President Barack Obama had been injured.

Apr 23, 2013

False White House tweet exposes instant trading dangers

NEW YORK, April 23 (Reuters) – The upheaval in financial
markets caused by a false report of explosions at the White
House was brief, but its effect on traders who have come to rely
on Twitter may last quite a bit longer.

Volatile price moves ricocheted through markets for stocks,
bonds, currencies and commodities around 1 p.m. EDT (1700 GMT)
on Tuesday after a tweet purporting to be from the Associated
Press said there had been two explosions at the White House and
that President Barack Obama had been injured.

Apr 23, 2013

Manufacturing data stokes fears of global spring swoon

NEW YORK/LONDON (Reuters) – Major economies in North America, Europe and Asia lost some momentum this month, a clutch of business surveys showed on Tuesday, raising concerns about the strength of the global recovery.

China and Germany, the world’s biggest exporters, both lost momentum in April. Growth in Chinese factories slowed to a crawl as export demand dwindled, while the euro zone’s largest economy saw business activity decline for the first time in five months.

Apr 23, 2013

Yen to gain in second-quarter as growth worries trump BoJ-FX Concepts’ Taylor

NEW YORK (Reuters) – Worries about the global economy will boost the yen against the dollar in the coming months despite Japan’s aggressive stimulus program, John Taylor, chairman of FX Concepts, one of the largest currency hedge funds, said on Monday.

“We’re forecasting that the yen is going to be strong between now and July,” Taylor said at the Reuters FX Summit. “I think in the next quarter, we’ll trade between 92 and 102, and I’d be more inclined to think 92.”

Apr 22, 2013

Yen to gain in Q2 as growth worries trump BoJ-FX Concepts’ Taylor

NEW YORK (Reuters) – Worries about the global economy will boost the yen against the dollar in the coming months despite Japan’s aggressive stimulus program, John Taylor, chairman of FX Concepts, one of the largest currency hedge funds, said on Monday.

“We’re forecasting that the yen is going to be strong between now and July,” Taylor said at the Reuters FX Summit. “I think in the next quarter, we’ll trade between 92 and 102, and I’d be more inclined to think 92.”