Hints and tips:
...He sat down with DD’s James Fontanella-Khan to discuss what he’s up to....
...The poor performance and outflows mark a fall from grace for a strategy known for its star stockpickers such as Tiger Management’s Julian Robertson, GLG’s Pierre Lagrange and Egerton’s John Armitage....
...Chairman redux As anti-DEI sentiment sweeps corporate America, thousands of filings reveal that S&P 500 companies are changing to gender-neutral language at a slowing rate, Bloomberg reveals....
...However, on November 1, S&P Dow Jones Indices stripped Nigeria from the S&P Select Frontier index that the ETF tracks at a “zero-price”....
...The company subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
...Thomas Robertson, who serves on the board, intends to retire....
...Robertson advised me, as a young rookie investor, not to overreact....
...Smart reads Declawed Not long ago, “cubs” of Julian Robertson’s Tiger Management dominated the hedge fund industry....
...DD’s Arash Massoudi and the FT’s Joshua Franklin reported earlier this week that Mark Sorrell, who co-leads M&A and is the son of advertising executive Martin Sorrell, and Gonzalo Garcia, co-head of European...
...“Turkey is a trade, not an investment,” said Charlie Robertson, chief macro strategist at emerging markets focused fund manager FIM Partners....
...It’s no coincidence that the S&P 500 is also having a stellar run....
...Meanwhile, the S&P 500 posted a total return of 17 per cent in the first half of this year and the US Federal Reserve funds rate, a proxy for risk-free returns for investors, is 5.25 per cent....
...DD is still betting that he will go big. Once a dealmaker, always a dealmaker....
...That choice, and the fact that this year’s S&P 500 gains have predominantly been driven by just a handful of growth stocks, has contributed to the lagging performance of mutual funds....
...Over the past five years, it has changed its corporate structure in a push to be included in the S&P 500 index, propelling it to a $130bn market capitalisation that is larger than Goldman Sachs — some analysts...
...But the business model they pioneered is now at risk of becoming a victim of its own success, DD’s Ortenca Aliaj and the FT’s Harriet Agnew report in this Big Read, amid a fierce talent war and rising interest...
...She used the word “journey” at least a half dozen times, by DD’s count. “This was something that I really thought through,” she said. “I definitely had to say no to a lot of [other] projects.”...
...Ortenca Aliaj And so in years where you’ve had the S&P go down 20 per cent, you’ve had the multi-manager funds actually be up 15 or 10 per cent, in double digits....
...Bentley’s predecessor Steve Robertson left in 2020 with a £2.8mn pay-off....
...Over its two decades, the fund delivered average annual returns of more than 25 per cent, and beat the S&P 500 in 14 of the years....
...It’s a far cry from the swashbuckling days of yore, when star managers like George Soros, Julian Robertson and Paul Tudor Jones made their profits and their reputations by taking big thematic bets....
...Robertson’s Tiger Management beat the S&P 500 in 14 of the years between 1980 and 2000, helped by trades such as shorting the price of copper in 1996 and betting against the Thai baht the following year....
...of which has underlying investment grade ratings,” Nick Proud, a senior managing director at Assured Guaranty, told DD’s Will Louch and Robert Smith....
...But DD readers know that it wouldn’t be a conversation about Orcel’s pay without a little controversy....
..., sources tell DD....
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