James Rickards: Gold Is Best Hedge Against Coming Fiat Collapse

James Rickards is a lawyer turned hedge fund consultant turned political advisor. He’s also a gold fanatic and since 2011 a best selling author with the publication of Currency Wars: The Making of the Next Global Crisis. In 2016 he published The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, a book that […]

Biggest Investors Dump Stocks, Bonds for More Private Equity

Sovereign wealth funds have boosted their investment in private equity and other alternative investments to nearly one-fourth of their total assets, according to a report by accounting firm PriceWaterhouseCoopers (PwC). PwC reported that yield-hungry sovereign wealth funds had 23 percent of their assets invested in private equity, real estate, infrastructure and commodities in 2016, up […]

Oil Legend T. Boone Pickens Launches Energy ETF

Billionaire Texas oilman T. Boone Pickens, 89, has been involved in legendary companies such as Gulf Oil, Unocal and Phillips Petroleum. Oklahoma State University’s School of Geology and football stadium is named after him. He ran his own energy hedge fund, BP Capital Management, for 40 years. Now Pickens has an exchange-traded fund (ETF) bearing […]

Where Will Gary Cohn Land Next? Maybe Alongside Tesla’s Elon Musk

Goldman Sachs alum and former Trump economic adviser Gary Cohn is headed back to Wall Street — to start a hedge fund, possibly with Tesla founder Elon Musk. The former top White House economic adviser stepped down after a reported clash over President Trump’s plan to place tariffs on imported steel and aluminum. While other Goldmanites […]

Millennials Stand to Inherit $24 Trillion, But Exactly When Is Hard to Say

Millennials will inherit more wealth than did Generation X and the Baby Boomers combined. When and what they do with all that investment capital is the big unknown, say global money managers. It will be “one of the largest intergenerational wealth transfers in history,” according to UBS Wealth Management, which manages $2.8 trillion in assets worldwide. “Those […]

Famed Manager Mark Mobius Launching Frontier Market Fund

Mark Mobius, the industry-renowned fund manager, has announced that he will launch a new frontier markets fund. At a recent press conference held in Mumbai, Mobius announced that he would be spearheading an all new fund management company that will specialize in investing in companies in frontier and emerging financial markets Mobius’ new fund frontier […]