Hints and tips:
...TCI made $12.9bn for investors and ended last year up 33 per cent, ahead of the S&P 500 index’s 24 per cent rise....
...It’s no coincidence that the S&P 500 is also having a stellar run....
...Is the resulting long-short portfolio one we would actually like to hold with our own money? Of course not!...
...As a result, this portion of the fund’s portfolio has been written down to zero....
...Bond markets are less efficient, and portfolio managers can buy lots of stuff that never even make it into the main indices....
...Vingroup, Vietnam’s biggest conglomerate, has a wide portfolio of real estate, retail, technology and healthcare businesses....
...Here is a chart showing it versus the relative dollar growth of the RACWI 500, RACWI 1000, Russell 1000 and a mechanistic “pure” cap-weighted version of the S&P 500 against the real S&P 500 since July 1991...
...Křetínský’s portfolio includes stakes in the UK’s Royal Mail, grocer J Sainsbury, and West Ham football club as well as German wholesaler Metro and US sneaker chain Foot Locker....
...The S&P 500 index has risen 19 per cent in a near-straight line this year, while Brent crude is up 44 per cent....
...“It’s black and white,” said a Millennium portfolio manager. “You know the rules of the game....
...ChatGPT-4 and Bard’s portfolios both lost over 40 per cent last year. The S&P 500 index only lost 19.4 per cent. Can AI tell a joke?...
...Apollo has said the net asset value of Athene’s equity portfolio is up 11 per cent this year even as the S&P 500 fell more than 15 per cent....
...Baupost said it posted a mid-single digit decline last year, significantly outperforming the S&P 500....
...European countries issued €20.3bn of ABS in 2022, down from €30bn, in 2021, according to S&P....
...The Faangs, in market cap terms, are numbers 1, 2, 3, 4 and 7 in the S&P 500....
...While Apollo’s shares have fallen by a quarter in 2022, Blackstone is off 15 per cent and the S&P 500 is down just 9.4 per cent....
...Here’s how it looks in chart form (all date provided by S&P Global and portfolio weights as of 10 January): Yep, a weighted average multiple of 31 times forward sales....
...The S&P GSCI index, a broad measure of global commodities prices, rallied 20 per cent to the highest level since 2008, writes Adam Samson....
...Deluard said it was not unexpected that insider selling should outweigh buying as cash-poor founders diversify their portfolios and early employees receive stock options....
...Lioui and Lamont still think thematic ETFs have their place in a portfolio, though....
...“It definitely makes it into people’s portfolios.”...
...Ark set out to have a portfolio that has little overlap with the Nasdaq and the S&P 500....
...By contrast, the S&P 500 is up 25 per cent....
...The bumper debt deal will leave Medline with a high debt-to-earnings ratio of around seven times, according to rating agencies S&P Global and Moody’s....
...SoftBank’s shares fell for a seventh consecutive day to touch their lowest level since June 2020 as mounting problems at its portfolio companies, including Didi Chuxing, Arm and Alibaba, revived concerns...
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