Hints and tips:
...Jérôme Legras, managing partner at Axiom Alternative Investments, which owns shares in Italian banks including UniCredit and Intesa Sanpaolo, said: “Policymakers didn’t handle it very well....
...A: Jerome Powell “Low point: Stuff not in our control — Brexit has added £3.4 million of additional supply chain costs… We look forward to the Brexit benefits promised.”...
...In moving decisively, Mr Powell earned himself the title of the “maestro” of central bankers, according to Nick Maroutsos, head of global bonds at Janus Henderson....
...Paul O’Connor at Janus Henderson believes: “The surge in cyclical stocks in recent weeks suggests that more constructive scenarios on the economic outlook are also being factored into global stocks....
...Oliver Blackbourn at Janus Henderson Investors says: “The Bank continues to find itself entangled in a web of planning for ‘no deal’ but being unable to use this as an assumption in its own forecasts....
...The Fed may be done hiking rates “for good,” according to Nick Maroustos, co-head of global bonds for Janus Henderson Investors: We have seen the Fed, specifically Chairman Jerome Powell, backtrack from...
...The latter factor was highlighted by Bill Gross, the Janus Henderson bond fund manager, who argued earlier this week that “Euroland, Japanese previous buyers of 10yr Treasuries have been priced out of market...
...The law firm has also hired Haden Henderson from Ropes & Gray as a partner....
...While Mario Draghi has another two years to implement his policies as president of the ECB, Donald Trump is expected to name Jerome Powell to succeed Ms Yellen when her term expires in February....
...Soc Gen took a €4.9bn hit for the activities of rogue trader Jérôme Kerviel in 2007, while UBS lost $10bn on subprime mortgages....
...Kevin Adams, head of the institutional fixed income team at Henderson, the UK asset manager, said the decision was “frustrating”. “This massively undermines [the Fed’s] credibility,” he said....
...Richard Pease: In a new pod Richard Pease, Star Henderson fund manager, is jumping ship. He is taking his fund to join start-up manager Crux Asset Management next year....
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