Hemma says hedge funds are being hit on both sides of the market. Some private equity firms have been forced to put their investments in a 'side pocket' This means they can't sell off stocks and will need to lock them up, she says. Hemma: If those privates don't come back, i mean, they could ultimately be written off altogether.
Catarina Saraiva, Bloomberg News Federal Reserve and Economics Reporter and Dallas Bureau Chief, discusses the black-white wealth gap. Dr. Deborah Brosnan, Marine Scientist and President of Deborah Brosnan & Associates, talks about UN World Ocean Day. Bloomberg News Hedge Fund Reporter Hema Parmar discusses her Big Take story. And we Drive to the Close with Robert Stimpson, CIO of Oak Associates.
Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan
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