The State of New Jersey is paying some $600 million in annual fees to hedge funds and private equity firms to have large portions of their pension system’s funds managed. The rationale behind pushing into hedge funds in 2010 was that traditional portfolio strategies weren’t going to work anymore and hedge funds would add several percentage…

The bearish case for spot gold prices here, according to Morgan Stanley, involves a worsening demand picture from China coinciding with a rise in rates here in the US. MS sees more than 20% potential downside from here ($1100 per ounce) should this scenario play out… Scenarios: Likely vs. Worst-case 1. likely case scenario for…

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Jeff Gundlach thinks junk bonds could be the next big blowup. Carl Icahn agrees. Others are pointing to the burst in non-traditional bond fund inflows and the proliferation of exchange traded products that traffic in some of the less liquid and more esoteric fixed income asset classes – like bank loans and such. I agree….

A new development this week – the global ETF / ETP industry now has more assets than the entire hedge fund industry… via ETFGI: Assets invested in the global ETF/ETP industry have surpassed the assets invested in the hedge fund industry at the end of Q2 as we had forecasted. According to our analysis there…

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