The value of international diversification was on display from a US perspective in March as foreign stocks and bonds topped the performance list for the major asset classes last month. Markets in the US were mixed: equities inched higher while bonds and real estate investment trusts retreated in the final month of the first quarter.
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Monthly Archives: April 2017
Book Bits | 1 April 2017
By Michael Kimelman
Review via Forbes
As former U.S. Attorney Preet Bharara contemplates his next move after being fired by President Trump, he leaves behind a mixed record on insider trading cases. Instead of cleaning up Wall Street by going after senior executives at the big banks who were responsible for much of the 2008 financial crisis, he chose to go aggressively after the hedge fund industry. While he can take credit for convicting, and sending to prison, billionaire Raj Rajaratnam and Goldman Sachs board member Rajat Gupta, he proved to have reached too far by going after Todd Newman and Anthony Chiasson who had their convictions overturned. As most media outlets touted Bharara’s record of wins and losses, few looked into the tactics used to win a number of these cases. Now, Michael Kimelman gives us a view of what it was like.
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