David Einhorn Talks About Hedge Funds – Hedgeho

David Einhorn, in an interview with CNBC, implied that the Federal Reserve’s policy of zero interest rates is making it difficult for everybody.

View David Einhorn in News and Pictures. Click arrow below

Picture 1 of 10

Einhorn Finishes Third in Poker Tournament, With $4.35 Million - that return would make any hedge fund manager envious. Einhorn went bust on Tuesday evening after beating all of the amateur poker players and all but two of the professionals in the no-limit Texas hold ‘em tournament, which drew 48 players and required a $1 million buy-in.

David Einhorn, in an interview with CNBC, implied that the Federal Reserve’s policy of zero interest rates is making it difficult for everybody.
“I think it is actually counterproductive having very low zero rates,” said the manager of Greenlight Capital. “It is sort of just depressing to people. I think it deprives savers of reasonable incomes and the ability to forecast.”
It also pushes investors out the risk curve into alternative investments like hedge funds, a losing proposition so far this year.
“This shows that investors need a mixed basket of investments, some fixed income, some long stock and some alternative investments,” said Brian Stutland of Stutland Volatility Group.

Read Mare: cnbc

(Visited 87 times, 1 visits today)