The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.
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US equity ETFS saw nearly $150 billion in inflows last month. Those tied to Europe, Japan, and emerging markets weren’t so lucky.
It’s part of a collection of measures to address the country’s housing crisis, Spain’s Prime Minister Pedro Sánchez says.
Pershing Square has announced a formal bid for Howard Hughes, the real estate developer where Ackman served as chairman for over a decade.
The Wall Street firm said parts of its investment banking and markets divisions will be combined to form a team focused on mega-deals.