On His Busiest Day of the Year, Santa Takes Time to Talk Business on CNBC

By Mark Joyella 

Screen Shot 2014-12-24 at 10.29.14 AMWhere does he find the time? Saint Nick, about to set off on his round-the-world trip delivering gifts to boys and girls, took a few moments to drop by a Los Angeles studio and talk fund managers, investments, and what the markets will look like in 2015. Where does Santa have most of his money? “Oh, very simple. Toys,” he said.

A tipster tells TVNewser the guest was not, in fact, Santa Claus, but Tim Connaghan, author of “Behind the Red Suit,” who believes fund managers need to work harder in 2015 in order to “deliver alpha.”

Watch it, after the jump: