Friday, September 27, 2013

BlackRock’s Thiel Sees Negative Fixed-Income Returns for Years

From Bloomberg:
Investors face losses from fixed-income securities “for the next couple of years,” according to BlackRock Inc. (BLK), the world’s biggest money manager.

“Overall returns of the market will continue to be negative as monetary policy shifts,” Scott Thiel, deputy chief investment officer for fundamental fixed income, said at a media briefing in London today....MORE