Regional equity gains, as well as currency increasing against a declining US dollar, helped the asset classes surge in second quarter.
Deep recession will deliver stocks a second tumble, hedge fund heavyweight says.
After toying with cashing in all his assets, the investor placed a canny wager against corporate fixed-income.
Manager is accused of misleading investors and using funds to buy luxury apartments.
Hedge fund kahuna laments that markets aren’t prepared for a return bout of soaring prices.