Hints and tips:
...A strong Chinese recovery could also challenge the recent performance dominance of US equities, either directly or indirectly via Japanese or European assets....
...That’s what we missed: how the policy response to the regional banking crisis stabilised the banking system, which allowed a pretty sharp V-shaped recovery....
...Robert Smith is an FT capital markets correspondent Follow @FTMag to find out about our latest stories first...
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...In the meantime, email us: robert.armstrong@ft.com and ethan.wu@ft.com. Damodaran, ESG, Russia, and the SEC Unhedged has cited Aswath Damodaran’s work with approval before....
...Ark set out to have a portfolio that has little overlap with the Nasdaq and the S&P 500....
...More staff turnover at Ray Dalio’s Bridgewater Associates....
...Bridgewater Associates and Renaissance Technologies, both considered among the best hedge funds in the world, suffered steep losses....
...Associates from the time remember him as a fun boss who led a tight-knit group of employees....
...His title was associate, one of the lowest ranks in banking, but his colleagues gave him the unofficial status of “managing associate”, one former banker recalls, after noticing that he often provided answers...
...Michael Russell has rejoined Wilson Sonsini from Goodwin Procter as a corporate partner, and will co-lead the firm’s M&A practice with longtime partner Robert Ishii....
...Nonetheless, a group of investors is sticking with the sector, saying the sell-off has created opportunities for big gains when the recovery comes....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...Ethan Ilzetzki, associate professor at the LSE: The UK economy will begin its recovery in 2021 but will not return to its pre-pandemic level of GDP until 2022....
...India, which passed 5m cases, will buy 100m doses of Russia’s Sputnik-V vaccine candidate. Eli Lilly’s antibody treatment reduced hospitalisations....
...Bankers’ early optimism that the pandemic would manifest as a sharp economic shock followed by an equally rapid recovery — the ubiquitous “V-shaped” recession — has given way to pessimism....
...The Treasury is not nearly as optimistic about a V-shaped recovery and this was reflected in an internal briefing paper which raised the possibility of tax rises and spending cuts....
...“Initially, I thought this would be a V-shaped recovery,” he said — a speedy return to health for the global economy and the capital markets after a short spell of distress triggered at the end of February...
...“We are convinced that ‘liquid markets’ are not necessarily liquid,” Robert Koenigsberger, chief investment officer, wrote in a letter with senior adviser Mohamed El-Erian and two other associates of the...
...Squire Patton Boggs has added former KPMG executive Stephen Ball and Simpson Thacher associates Charles Leeming and Ben Squires to its global corporate practice in London....
...More importantly, this is likely one of the few areas in the portfolio with any investment market liquidity currently....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Despite this recovery in its stock price, about a third of the group’s freely available shares are still on loan to short-sellers, according to data from IHS Markit....
...While Jennifer Burns, an associate history professor at Stanford University, says that companies should concentrate on maximising their profits....
...The sheer diversity of Mr Barrack’s portfolio make it difficult to weigh gains against losses....
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