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Hedge Funds

Endo endgame? Pharma trouble, employment hit stock averages

WASHINGTON, May 6, 2016 – Sell in May syndrome seems to be in full effect in Friday trading action. All major averages are modestly down as of the noon hour today, but the damage generally occurring in the utility and pharmaceutical sectors is major, driven today, apparently, by gloomy numbers from Dublin, Ireland headquartered Endo ...

New Jersey needs a Global Investment Strategy

TRENTON, N..J., June 4, 2015 — On Wednesday the New Jersey State Senate Legislative Oversight Committee received testimony from Tom Byrne, chairman of the New Jersey State Investment Council,  regarding the state pension system and its strategies as they relate to hedge fund investments and private equity investments (non-publicly traded companies). The State Investment Council sets policy ...

Oil’s dead cat bouncing: more like Silly Putty

WASHINGTON, February 5, 2015 – “It’s up! It’s down! It’s up again! It’s down big time and we’re all going to die!” We’re talking about the per barrel price of West Texas Intermediate (WTI). Black Gold. Texas Tea. Some financial pundits are saying that this series of ups and downs in the oil commodity patch ...

Tuesday’s markets: Stocks, oil struggle vs. strong headwinds

WASHINGTON, October 14, 2014 – Not much original to say after yesterday’s negative blowout, which suddenly occurred after a hopeful morning ramp. The “buy on the dips chant,” or—in some precincts, the BTFD (“buy the effing dip”) rule—seems to have given way to the reverse, with any half-decent rally getting drowned by selling of massive ...