Magic Johnson Backed Fund Hits Headwinds
March 22 (Bloomberg) -- Yucaipa is cutting fees for investors and founder Ron Burkle will forego his annual management fee until the fund’s investors recoup money that they lost according to the New York Times' Dealbook, citing unidentified people familiar with matter. Betty Liu reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)
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Are Emerging-Market Stocks a Smart Bet?
19:32 - Emerging-market equities are heading for a period of calm, according to U.S. traders. The CBOE Emerging Markets ETF Volatility Index is hovering near the lowest level in a year. The projections for narrower price swings, derived from options bets on the biggest exchange-traded fund for developing stocks, come as investors grow increasingly confident that policy makers will be able to shore up global growth amid market turmoil from Turkey to the U.K. Bloomberg's Elena Popina has more on "What'd You Miss?" (Source: Bloomberg)