31 July 2024

Dr. Doom’ Nouriel Roubini Is Looking to Launch His First ETF + News About 10-Person Jacuzzi on Penthouse Terrace

 

    Nouriel Roubini
Photographer: Hollie Adams/Bloomberg
Nouriel Roubini Is Looking to Launch His First ETF - Bloomberg
The International Monetary Fund and World Bank Annual Meetings












「 Ruinist 」 Mr. Roubini also goes to the first ETF setting - Follow the trend of Wall Street

  • Join the strategists and operators who launch the ETF
  • Rubini warned in advance of the 2008 financial crisis, skeptical of US stock

Nouriel Rubini, a prominent economist who warned in advance of the 2008 financial crisis and took the name of 「 Doctor Doom ( Ruinist ) 」、We aim to join the veterans of Wall Street who are trying to make a name for themselves in the world of $9.4 trillion ( about 1400 trillion yen ) large listed mutual funds ( ETF ).

  According to the filings with the US Securities and Exchange Commission (SEC ), Mr. Rubini is one of three portfolio managers at 「 Atlas America Fund 」. The fund is active in operation and invests in a variety of assets such as US Treasuries and Bonds, Municipal Bonds, Real Estate, Stocks and Gold. It aims to generate stable returns with low volatility, curb correlation with a wide range of stock markets, and address downside risks during periods of financial market stress.

The International Monetary Fund and World Bank Annual Meetings
Nuriel Rubini
Photographer: Hollie Adams/Bloomberg

  There are many prominent economists and investors named after the ETF. Tom Lee of the fund strut has his name on the 29th delivery of 「 Fund Strut Granny Shot US Large Cap ETF」. Fairy's Katie Stockton launched his ETF in 22 years, which will be bought and sold under the securities code 「 TACK 」. Bianco Research's Jim Bianco lent his name to 「 Wisdom Tree Bianco Total Return Fund 」.

  Strategas ETF Strategist Todd Thorn said that 「ETF is the present and future of asset operations, so every market participant is drawn to the ETF wrapping paper to try to expand its investor base and earnings. Pointed out 」. However, he also said that the success of 「ETF is not guaranteed, it is not given, it is winning 」.

  Rubini, who drew attention and attention to the housing bubble that triggered the 08-year crisis, was skeptical of the long-term rise in US stocks and often questioned the health of the US economy. Recently, a co-authored paper criticizing the U.S. Treasury's manipulation of government bonds in a way that reduced the substantial borrowing costs of the economy as a whole, but Treasury Secretary Yellen denied.

  Rubini is a co-founder of the Atlas Capital Team, helping to develop investment strategies to protect against high-risk environments such as uncontrolled inflation, climate change and social unrest.

'Dr Doom' economist, 55, forced to remove ten-person hot tub and 'party room' from the roof of his $5.5m Manhattan penthouse

The economist, who became known as 'Dr Doom' after predicting the financial crisis, has been forced to remove his giant hot tub from the roof of his $5million New York penthouse, it emerged today.

Nouriel Roubini did not get approval for the ten-person jacuzzi,  which would often be the focal point of his raucous parties, or the wooden roof deck he built on his East Village, Manhattan, apartment.

The Department of Buildings cited him for a violation and he was ordered to remove the jacuzzi, deck and the party room he built - which had a bar and a bathroom - on his roof.

Parties: Nouriel Roubini, Chairman and Co-Founder of Roubini Global Economics, has been ordered to remove his jacuzzi and party room from his roof

Parties: Nouriel Roubini, Chairman and Co-Founder of Roubini Global Economics, has been ordered to remove his jacuzzi and party room from his roof

View from above: Roubini's tree-lined terrace is seen on top of the building on East First Street with the hot tub, circled, and the 'party room' which he now has to remove because they violated building codes

View from above: Roubini's tree-lined terrace is seen on top of the building on East First Street with the hot tub, circled, and the 'party room' which he now has to remove because they violated building codes

Buildings Department spokesperson Kelly Magee told the New York Post's Page Six: 'The department inspected in response to a complaint on February 5 and issued a violation for operating the roof contrary to its approved use.

'The roof is approved for use as a terrace according to the building’s certificate of occupancy.'

Roubini, the chairman and founder of international consulting firm Roubini Global Economics LLC, took out a $2.99million mortgage to buy the condo on East First street, according to New York City Department of Finance records.

The 55-year-old - who made millions in the recession - is known for his lavish parties frequented mainly by models at the 3,700-square-foot triplex, which he bought for $5.5million in 2010.

Asked about the models who attend his parties, he once told New York Magazine: 'They love my beautiful mind. I am ugly, but they’re attracted to the brains.

'I’m a rock star among geeks, wonks and nerds.' And what makes his parties so great are 'fun people and beautiful girls,' Roubini said. 'I look for ten girls to one guy.'

The three-bedroom, three-and-a-half-bathroom penthouse

The three-bedroom, three-and-a-half-bathroom penthouse includes a 50-bottle temperature-controlled wine refrigerator, a 'custom walnut wet bar', and a wrap terrace 'ideal for sunbathing, stargazing and dining al fresco'

A source told the New York Post that a neighbor sick of his lively parties may have complained to the city but said this will not stop Dr Doom.

'The parties will still go on. Knowing him, he’ll just move the hot tub inside,' he said.

 The three-bedroom, three-and-a-half-bathroom apartment includes a 50-bottle temperature-controlled wine refrigerator, a 'custom walnut wet bar', and a wrap terrace 'ideal for sunbathing, stargazing and dining al fresco', according to the property listing.

'Connected by a custom cantilevered steel staircase, each level of this amazing home offers something unique and unforgettable,' the listing by Richard Orenstein, a Halstead Property broker, said when it was on the market.

'On the first floor, you’ll find a massive living/dining area bathed in southern light with 11-foot beamed ceilings, exposed brick walls, a wood-burning fireplace, and light from a 50-foot expanse of oversized windows.'


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Original title:‘ Dr. Doom ’ Nouriel Roubini Is Looking to Launch His First ETF( Excerpt )

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