Hints and tips:
...The S&P 500 is often used as the default comparison because of its ubiquity, but, in reality, it’s a poor benchmark for private equity returns given how top-heavy it is....
...A: Sean Combs/P Diddy/Puff Daddy/Puffy/Diddy Which high street lender has Nigel Farage opened accounts with after being cut off by Coutts?...
...But I’m just, you know, I think if you are pulling the lever in 13 months, your check in your Fidelity account or your Schwab account or whatever, and you’re like, what’s my 401k done, you know, in the past...
...Investors need to ask more questions, writes the FT’s Brooke Masters....
...A villain violently hijacks a stock exchange to break into the protagonist’s account and buy reams of put options....
...Futures point to a fall of 2.5 per cent for the FTSE 100, while on Wall Street the S&P 500 is on course for losses of almost 3 per cent....
...Our forecasts assume the full £500m is invested in land in FY20, and that the benefit in the P&L is seen later 2022 but to a larger extent in FY23....
...through the P&L....
...Since 2016, we estimate the Kingfisher P&L has had an £81m transactional benefit from weaker sterling. FX could become a headwind once trade talks are agreed (or not)....
...What happens further down the P&L is largely a question of capital structure, but it appears most will be either loss-making or make only marginal PBT....
...Next currently trades at c.10.5x FY20 P/E but doesn’t offer its usual strong cash returns currently....
...Poor performance appears to be the primary driver, with particularly weak flows across Merian’s Global absolute return and North American equity funds, and Jupiter’s absolute return offering....
...Based on company commentary so far, we still believe potential COVID-19 claims (including BI) are a manageable P&L event for the sector, although the devil will be in the detail when it comes to BI policy...
...L, until the final CMA decision, expected on 11 May....
...Overall, while the stock trades on only 0.25x P/TBV there remains no visibility on when it will generate sustainable profits....
...They aim for an absolute return, and are expected to roam across a number of asset classes. They should of course be expected to underperform a raging equity bull market....
...Cape does a great job of indicating what 10-year returns will look like. This chart was compiled by Cliff Asness of AQR, and you can find it here: The relationship is almost perfect....
...Cliff Asness, a former academic who now runs AQR Capital Management in New York, says the prospective return over the next decade from a portfolio invested 60 per cent in US equities and 40 per cent in bonds...
...The P-word would surely put people off....
...The author of Liar’s Poker returns to his old stamping ground in the debt markets to write the most entertaining and accessible account yet of the subprime mortgage catastrophe, told through the eyes of...
...absolute return) has returned just over 1 per cent....
...@re” or ”P@ssw0rd”....
...THE MARCH by E.L....
...THE MESSIAH MYTH: The Near Eastern Rootsof Jesus and Davidby Thomas L....
...p/e of about 12 to 13 times yesterday’s close of 465½p (485p)....
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