Hints and tips:
...Now most S&P 500 companies are run with ruthless efficiency, making leveraged buyouts harder for KKR to pencil out....
...Eugene Fama, a key proponent, bagged a share of the 2013 Nobel Prize for economics for his research into smart beta among other work....
...Equities, led by the S&P 500, edged up 0.2 per cent to close at a new record high and the 10-year Treasury interest rate eased to its lowest level in three months, below 1.5 per cent....
...“In literary quality and historical importance, the psychoanalytic writings bear comparison with the autobiography of Benvenuto Cellini, the journals of Eugène Delacroix, and the letters of Vincent van Gogh...
...Back then, it was the heyday of Eugene Fama’s “efficient markets hypothesis”....
...The insights from the work of academics Eugene Fama and Michael Jensen have been confirmed numerous times: trying to outguess share prices to beat the market is a losing endeavour....
...But it has not kept pace with the broader S&P 500. Mega caps remain in vogue there. If good things come in small packages, investors are only unwrapping selected ones....
...The bank also found that 90 per cent of S&P 500 companies that went bankrupt between 2005 and 2015 were among the bottom cohort of ESG performers....
...Lou Crandall at Wrightson Icap observes: “A central bank that is committed to doing ‘whatever it takes’ can never say never....
...The HFRI Composite index dropped 9.4 per cent in the quarter, while the S&P fell by almost 20 per cent....
...Occidental also announced that board chairman Eugene Batchelder would step down at this year’s board meeting....
...“There appears to be a growing disconnect between operational performance and share price returns,” said Eugene Klerk, Credit Suisse’s head of global ESG research....
...This year’s impressive equity rally in broad terms (the FTSE All-World index is up 20 per cent, led by the S&P 500) does look vulnerable if the macro climate does not brighten....
...Edgemont Partners has hired Eugene Goldenberg as a managing director. He joins from the corporate M&A advisory practice at Cain Brothers....
...Prof Cossin says the programme beat the S&P 500 in both 2017’s bull market, last year’s sell-off and this year’s rebound, and is ahead over a 15-year period....
...As you can see, more than 4/10’s of the S&P 500’s rise in July reflects the tech sector....
...The investor who proposed the rule change said in the proxy filing for the meeting that the move would give shareholders more power to replace directors, highlighting individual board members like Eugene...
...That triggered a big rise in real yields and shook growth stocks that propelled the S&P 500 index to a record peak in September....
...In November 2016 he built a portfolio of S&P 500 stocks that failed to qualify for any of the five big US factor ETFs....
...Soon afterwards, Samsonite folded its fund into Wells Fargo’s simpler S&P 500 index fund....
...They go back at least as far as the three-factor model, published by Eugene Fama and Kenneth French in 1992, which expanded the formula for investment returns to include value (or cheapness) and size....
...Its p/e is also much higher than that of its overseas rivals such as Biocon of India and Mylan of the US....
...Wei Kiat Ng, an analyst at S&P Global Ratings, noted that Singapore’s defence ministry would continue to account for about a third of ST Engineering’s revenue....
...But the S&P 500 Value index stands at 15.3 times — well below the average since 1990 — and at 1.9 times book value. This is a global phenomenon....
...The upshot, as Lou Crandall at Wrightson Icap notes, is that the Fed will scale back its balance sheet slowly. He expects an initial run-off pace of “no more than $10bn to $15bn per month”....
International Edition