Area Hedge Fund Manager Wonders Why He Bothers Putting Up With This Crap Anymore
As has become a regular feature of his quarterly letters, Singer criticized the Obama administration, condemning the White House for proposed tax increases on the top tax bracket, and "its tone of hostility toward business, and boosting the unreviewable discretion of regulators." For the hedge fund manager, who has been trading under the Elliott banner for 35 years, what he sees as the failings of the current U.S. administration are just one part of an increasingly complex web of global forces that are making the markets much harder to trade. "It is more difficult than ever to select 'good' First World investments based on careful financial analysis, fancy models, instinct or any other method," Singer wrote. "Recommending shifts among bonds, which have almost no yield, highly volatile stocks and cash with zero yield is a thankless task." [Reuters]
