Similar Stories to A Legendary Fund Manager Is Piling Into A Market He Says Wall Street Is Ignoring on Bing News

Reuters / Richard BrianPsst... there's a fortune to be made buying closed-end funds (CEFs). Just don't tell Wall Street. That was the message delivered in a recent interview by famed credit trader Boaz Weinstein, whose $1.7 billion firm Saba Capital is best known for its winning bet against the JPMorgan trader known as the "London Whale." CEFs, which raise money through initial public offerings and then trade on public exchanges, just like stocks, total $240 billion in market value right now.

BING NEWS:
  • Veteran fund manager sounds alarm on stocks
    As of June 14, the forward price-earnings ratio for the S&P 500 was 21, well above the five-year average of 19.2 and the 10-year average of 17.8, according to FactSet. “Forward” means the ratio is ...
    06/17/2024 - 12:03 pm | View Link
  • This fund’s winning formula is diversified from your heavily weighted index fund
    The image shows four of the top 10 holdings of the Hennessy Cornerstone Mid Cap 30 Fund, which has a stellar long-term performance record and is fully reconstituted each year.
    06/17/2024 - 3:46 am | View Link
  • Opinion: Here’s more proof that index funds are the best way to invest in the stock market
    When the term is applied to the stock market, it means that short-run changes in stock prices are unpredictable.” The original analogy pertained to a “drunken man staggering around an empty field. He ...
    06/17/2024 - 12:31 am | View Link
  • Mortgage News: Santander Bucks Recent Trend With Purchase, Remortgage Rate Cuts
    The high street bank ... Aidan Smith, YBS mortgage product manager, said: “The markets have responded very positively to the surprise fall in inflation before Christmas and we’ve seen significant ...
    06/11/2024 - 11:59 pm | View Link
  • Bond Investors Are Paying Up Again for Active Fund Managers
    That marks the first time flows into active bond funds topped those into passive funds during the period since 2021. Bonds have stabilized since posting their worst year on record in 2022. Still, the ...
    06/11/2024 - 1:00 am | View Link
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