Hints and tips:
...brooke.masters@ft.com Follow Brooke Masters with myFT and on social media...
...Blackstone in September became the first private equity group to be included in the S&P 500 index and its rivals Apollo Global and KKR are hoping they are not far behind....
...brooke.masters@ft.com Follow Brooke Masters with myFT and on Twitter...
...Fink also boasted that BlackRock is the highest-performing financial services stock in the S&P 500 since its 1999 float, delivering total returns of 7,700 per cent....
...In 2018 Marshall’s “Past Times”, black figures picnicking and boating in reference to Monet’s “Déjeuner sur l’herbe” and river idylls, sold to rapper P Diddy for $21mn....
...You can’t just look at the L part of the P&L. Secondly, who really cares anyway? Normal accounting rules don’t apply to central banks. The Fed can create money and operate with negative equity....
...Investors need to ask more questions, writes the FT’s Brooke Masters....
...They might be willing to endure quite a few lean years in terms of their own P&L — and even to think about cutting their own costs and headcount — rather than take risks with deals that need stretched assumptions...
...H: Credit Suisse, L: Commerzbank Tiger Global’s main hedge fund has lost about 50 per cent in 2022, wiping out several years of gains. How much did Chase Coleman take home himself in 2020?...
...David Pilling Will the S&P 500 fall by at least 10 per cent? Yes. We asked this question last year, but it bears repeating....
...Powell says BlackRock is seeing a “broadening client type and broadening time horizon, with the vast majority of flows into [BlackRock’s] iShares thematic ETFs driven by professional investors buying in”...
...Landsec has bought a 75 per cent stake in MediaCity in Salford, previously a 50-50 joint venture between Legal & General and Peel L&P....
...However, for most passive ETF investors tracking difference is likely to be the most important metric and is frequently used by ETF data providers as an important criterion for ranking funds....
...From top to bottom, from CEO compensation to divisional budgeting and P&L to managerial targets, structures and incentives, we’ve built private firms from the ground up to do one thing really well: extract...
...The S&P 500 was down just 0.1 per cent for the week....
...“Europe is a good opportunity now,” says Gavin Launder, manager of the European fund at L&G, the investment group. “Governments are now quite keen to promote tech-savvy companies....
...’s Vision Fund....
...Teibert liked Gauby’s biodynamic wines so much that, in 2005, he set up Domaine de l’Horizon in the same village, Calce....
...This is however negligible in the wider context of the P&L and the land bank, with the impact on future gross margin of 17bps small and which will likely be mitigated....
...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....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...The P&L complexity is just one reason public market investors have failed to warm to the large alternative asset managers whose stock prices have not exactly soared since their listings....
...Over such a long time horizon there is always a risk that bad luck strikes and the trust fund is wiped out entirely....
...Should our efforts fail, Sotheby’s was selected to hold an auction of master prints....
International Edition