To trend-spotting hedgie, the cryptocurrency is ‘the fastest horse,’ so he buys its futures.
However, Senate Majority Leader Mitch McConnell has objected to providing funds to fix pension issues.
Tax breaks like those on capital gains will end, hedge fund hotshot predicts, if either Trump or Biden wins.
Large money managers including J.P. Morgan, Fidelity, and Allianz have lost their relationships with the biggest US pension plan as part of a massive restructuring of CalPERS’s equity program.
Lack of innovation and ‘wretched excess’ signal trouble is coming, Buffett’s pal warns.