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...to Peter Gardett, executive director of research at S&P Global Commodity Insights and co-author of a report on private equity and the energy transition....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...Real estate and energy were enormous winners in 2021, thanks to low interest rates and surging energy prices. Almost the opposite applies today....
...Transfer Market Natalie Robyn is stepping down as chief executive of the Fédération Internationale de l’Automobile, the governing body for Formula One and other motorsports, after just 18 months....
...“The big keep getting bigger,” said Peter Oppenheimer, Goldman’s chief global equity strategist and head of macro....
...If you take the Magnificent 7 out of the S&P 500, its multiple moves from 22 to 19. The S&P 350 is at 14....
...Optimism is springing everywhere, evidenced by the high percentage of bulls in the American Association of Individual Investors survey, aggressive flows into equity ETFs, or the low equity put/call ratio...
...Year-to-date things are looking only slightly better, with US equity long/short hedge funds trailing the S&P 500’s continued surge by about one percentage point. That’s all fine....
...Mid-cap industrial Comfort Systems USA is the third-largest position in KRUZ, with fellow mid-cap National Fuel Gas and low-profile energy services company NGL Energy Partners also in the top 10....
...“Surging oil is reviving stagflation fears,” said Emmanuel Cau, head of European equity strategy at Barclays....
...The S&P 500 isn’t at such extremes today....
...The S&P is up 4.4 per cent since January while Germany’s Dax and France’s Cac 40 are both up about 6.6 per cent....
...Equity long-short hedge funds have had a miserable decade both in terms of performance and flows. MainFT last week published a very good piece on the theme....
...Private equity, public market problems Yes yes, it’s trendy and facile to blame private equity for absolutely everything, but hear us out....
...The S&P increased 7 per cent in the first half of 2003. The 2022 invasion of Ukraine did feed into energy and equity markets....
...The luxury shoemaker’s controlling shareholder, Italian entrepreneur Diego Della Valle, has teamed up with LVMH-backed private equity group L Catterton to take Tod’s private....
...Melcher is currently managing partner and co-founder of EIV Capital, an energy-focused private equity firm....
...Berkshire has kept much of its focus on low price/book, low margin energy, industrials and finance....
...The company’s Ageing Population and Healthcare Innovation ETFs have also fallen out of favour, alongside the L&G Cyber Security Ucits ETF....
...Admission to US equities indices such as the S&P 500 isn’t a given....
...In contrast, Global equities are on a 16.8x P/E (90th percentile vs. their own history), and [ . . . ] most countries trade well above their historical averages....
...The equity market is not priced for economic convergence, for example....
...While developers have the option to “transfer” or sell tax credits under the IRA as an alternative, tax equity is expected to remain the preferred option for financing because it allows developers to sell...
...Utilities and telecoms groups such as broadband company Gogo, Vertex Energy and Middlesex Water are among stocks that have been hit....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
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