Michael Hasenstab,  the star manager at California-based Franklin Templeton, has been one of the biggest buyers of Argentine debt

Bond funds run by Michael Hasenstab, one of the fixed income market’s biggest investors, lost nearly $1.8 billion (€1.6 billion) in a single day durin(...)

A trader working on the floor of the New York Stock Exchange on December 26th. Photograph: REUTERS/Jeenah Moon

Wall Street was marked by volatile trading on Wednesday as investors returned following a turbulent run-up to Christmas that had helped wipe more than(...)

The Republic’s unemployment rate trebled to more than 15% in the four years to early 2012. File photograph: Frank Miller/The Irish Times

The Republic’s economy – measured by gross domestic product (GDP) – is now officially 50 per cent larger than it was in 2007, before the Celtic Tiger (...)

With the Argentine peso losing more than half its value this year, fund managers are cautious about becoming even more heavily exposed. Photograph: Marcos Brindicci/Reuters

One of the bond market’s biggest investors has seen its flagship funds battered by the turmoil in emerging markets unleashed by Argentina’s spirallin(...)

Michael Hasenstab, the chief investment officer of Franklin Templeton’s global macro team

Franklin Templeton’s Michael Hasenstab came to Argentina’s aid this week, lending Buenos Aires more than $2.25 billion (€1.9 billion) in a discrete ca(...)

European Central Bank president Mario Draghi: he  may signal when its bond-buying programme will end in Frankfurt in October.  Photograph: David Sleator

History tells us two things about currency forecasts: most tend to point in the same direction, and nearly all are wrong. At the start of the year the(...)

France’s president-elect Emmanuel Macron: the centrist leader “is going to struggle to get a majority” in parliamentary elections next month, Mr Zahn said.  Photograph: Geoffroy van der Hasselt/AFP/Getty Images

Financial markets’ relief at electorial victories by centrist parties and candidates in Europe may prove short-lived if weak economies are not turned (...)

 Templeton Global Bond fund manager Michael Hasenstab: “When people start to question the very foundation, the legitimacy of the [euro], that’s a structural change.”

Michael Hasenstab is betting against the euro, a striking position for an investment manager celebrated in Europe for throwing the weight of Franklin(...)

Warren Buffett (speaking for the Hillary Clinton campaign): like other legendary fund managers, he has had his bad years along with the good. Photograph: Ruth Fremson/The New York Times

Many investors are sceptical of the oft-repeated advice that it is extremely difficult to beat the stock market, arguing that legendary money managers(...)

US bond guru Michael Hasenstab: his main funds began, in 2014, to sell down their Irish holdings, then valued at almost $11 billion (€9.8bn), before exiting his final positions in the country’s debt earlier this year

US bond guru Michael Hasenstab, who loaded up on Irish bonds at the height of the financial crisis in 2011, reportedly made a €5.6 billion return on t(...)

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