There is a reason James Simons’ RenTec is the world’s best performing hedge fund – it spots trends (even if they are glaringly obvious) well ahead of almost everyone else, and certainly long before the consensus. That’s what happened with...
Deutsche Bank is dramatically shrinking its investment bank and retreating from operations around the world. CEO Christian Sewing described it as “faster and more radical” than previous turnaround efforts, and “nothing less than a fundamental rebuilding of...