Why Are Mortgage Funds Are up 15% This Year

Aug. 24 (Bloomberg) -- Macro funds, which typically invest in bonds, currencies, commodities and stocks, have lost 1.9 percent this year, according to data compiled by Bloomberg. An exception: BTG Pactual Global Emerging Markets and Macro Fund, which has returned 16 percent, primarily from wagering on U.S. home loans and emerging-market rates, according to copies of client letters obtained by Bloomberg News. Kelly Bit reports on Bloomberg Television's "Money Moves." (Source: Bloomberg)

Shipping Industry Sounding the Alarm on Global Growth
52:33 - If the Baltic Dry Index is any guide for the global economy, the picture is looking stormy. It's plunged to historic lows since the start of the year. Bloomberg looks at why, and what it could tell us about future growth.
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