Hints and tips:
...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....
...Kirkland “doesn’t feel like a law firm, it feels like a hedge fund . . ....
...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....
...The investment group’s global fund was up 0.8 per cent for the first half and its dispersion fund was 14 per cent higher, according to a person who has seen the results....
...Investors need to ask more questions, writes the FT’s Brooke Masters....
...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?...
...In 2019 it generated a 58 per cent net return, about double the S&P 500....
...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....
...’s Vision Fund....
...The latest investment announced on Thursday from Saudi Arabia’s Public Investment Fund adds to the laundry list of global tech, private equity and sovereign investors....
...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....
...Should our efforts fail, Sotheby’s was selected to hold an auction of master prints....
...Jumps in pension liabilities are conveniently dumped in the oubliette of comprehensive income, rather that written off through the P&L....
...He looks at you as your P&L.” Since leaving Brevan Howard Mr Rokos has been able to trade his own money on his own terms....
...(Financial Times) “Thousands more victims of Bernard L....
...Andrew Law is an unassuming Master of the Universe....
...A better way of sorting the skilful from the brave is to look at the Sharpe ratio, a measure of the steadiness of returns calculated as the P&L divided by the variability of P&L....
...But the other businesses are relatively simple P&L businesses for which other valuation methods are normally used. And therefore you would apply some sort of multiple of earnings or some other such....
...Italy ranks 75th according to this criterion, a slide of 21 places. As a place to do business it comes 78th, between Panama and the Pacific island of Kiribati....
...“They had daily access to our p&l [profit and loss account], our positions and our marks.”...
...Will the institutions we work for or invest in suddenly implode, like Bear Stearns or Enron or Lehman Brothers or Bernard L. Madoff Securities? When will the next crisis hit, and who will it hurt?...
...So if A&L isn’t likely to be in trouble, who is? Consider this graph, courtesy of S&P, of loan-to-deposit ratios....
...As you can see from the table: http://rankings.ft.com/rankings/masters The four schools that score highest on this criterion are those with no fees....
...She attributes the superiority of female crime writers - Dorothy L. Sayers, Ruth Rendell and P.D....
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