Moving Closer to a Cliff Deal: Surveillance (12/18)

Dec. 18 (Bloomberg) -- On today's "Bloomberg Surveillance," President Obama presents a counter offer as Washington inches closer to a fiscal cliff deal.

Ellis: Active Management Has Been Incredibly Hard Work
58:00 - Man Group CEO Luke Ellis discusses the outlook for hedge funds in a low rate environment with Nejra Cehic ahead of Bloomberg’s Markets Most Influential Summit in London. Ellis believes the flow of money going to passive investment "is really creating some headwinds to stock selection" while low rates make it difficult for investors to "take the right amount of risk." On the Fed, Ellis sees a "big amount of volatility" potentially coming from the U.S. Presidential election.
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