This column was originally published on RealMoney on Dec. 14 at 7:18 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Last year, I made a set of 10 tech-related predictions for 2006. On Tuesday I revisited that piece to see how accurate those predictions turned out. Now I'm ready to post predictions for 2007, including some nontech forecasts.
Financial Services
Given mediocre results by the hedge fund industry as a whole, investors will begin to think twice about paying a 2-and-20 fee structure to underperforming hedge funds, and even more so for underperforming fund of funds. This will result in a serious slowdown of inflows to hedge funds, having a modestly negative impact on the large brokerage firms such as Goldman Sachs(GS Quote) and Morgan Stanley(MS Quote).
Citigroup(C Quote) will give in and restructure as major institutional investors, including large mutual funds, put pressure on management to unlock value by spinning out one or more units of the company, most likely the investment bank.
Video Games
...Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.48
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10 Yr
3.23%
SPDR Gold
115.06
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|
-1.48%
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-1.72%
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-1.73%
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-1.46%
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Data delayed 20 minutes |
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