Hedge funds getting paid billions despite half losing money, Marin Katusa on oil, gold
Turmoil in Brazil continues after President Rousseff's stalled impeachment goes back into play and in the Philippines, markets rallied after an outsider claims victory in its presidential election. Ameera David reports. Then, Boom Bust’s Bianca Facchinei checks out how the top 25 hedge fund managers were able to receive $13 billion in compensation while half of hedge funds lost money in 2015. RT correspondent Ashlee Banks reports on the public Panama Papers database that has revealed who is behind 200,000 offshore accounts to ordinary citizens.
After the break, Marin Katusa, head of Katusa Research, discusses the long-term trajectory for the price of oil and gold. And in today’s Big Deal, Ameera and Edward Harrison talk about what Alberta’s wildfires mean for the energy sector, Canada’s GDP and the oil market.
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