Hints and tips:
...UK’s AstraZeneca, German software company SAP and French healthcare firm Sanofi....
...“PE compensation is predominantly derived from the P&L of the firm — which is based on the management fee of the fund, and this is locked in for the life of the fund,” said Tom Thackeray, a partner at Heidrick...
...US to take advantage of the tax credits offered in Joe Biden’s flagship climate, tax and healthcare bill, known as the Inflation Reduction Act....
...PE giants Blackstone and KKR are also in the process of raising new flagship funds....
...Now the London hedge funds are very different animals. Lansdowne has struggled to diversify beyond its flagship fund, hamstrung by a static ownership structure that limits incentives for new hires....
...GE Healthcare begins trading The break-up of General Electric takes a step closer today when shares in its former healthcare unit begin trading on the S&P 500....
...The blue-chip S&P 500 and tech-heavy Nasdaq both closed higher yesterday, helped by rises for healthcare and cyclical stocks....
...fund....
...Monday EU, December retail sales figures Germany, December factory orders UK, S&P Global/Cips construction purchasing managers’ index (PMI) data Results: Activision Blizzard Q4, Anima FY, JFE Holdings...
...It has received “slower than expected adoption by patients and healthcare professionals’‘, Nestlé said....
...The Lemlem Foundation, the brand’s philanthropic arm, supports programmes that promote access to healthcare, job opportunities and responsible production, and is funded through a donation of five per cent...
...Cathie Wood’s flagship ARK Innovation ETF — a poster child for trend-following or ‘thematic’ investing and the largest of its kind — has been particularly badly hit....
...Groups representing 70 per cent of the S&P 500 by value are reporting before the end of the month....
...“I think everything else other than healthcare may be able to sell for a better price in the private marketplace than when it goes public.”...
...As a result, it has lagged behind the broad S&P 500 index and baskets of value shares so far in 2021....
...ESG concerns about healthcare companies are not going away....
...With big holdings in stocks such as Tesla, the flagship Ark Innovation ETF, managed by Cathie Wood, delivered a blockbuster gain of 150 per cent in 2020....
...This highlights a key risk with tech ETFs: you are likely to double up on exposure you may already have in US funds and stocks, whether via markets such as the S&P 500 or the more tech-oriented Nasdaq 100...
...“Europe is a good opportunity now,” says Gavin Launder, manager of the European fund at L&G, the investment group. “Governments are now quite keen to promote tech-savvy companies....
...’s Vision Fund....
...The latest to feel the pain is Lansdowne Partners, which this week decided to shut its flagship hedge fund. The move by the Mayfair-based fund marks a big retreat by an industry pioneer....
...In the UK, inflows to equity funds hit a record monthly high of £2.6bn in April — six times the average, according to trading network Calastone....
...L-f-l rents down 27%: net rental income fell down to just £87.3m which represents a l-f-l fall of 27% (excluding premium outlets), as a result of covid and the reduced rent collection rate....
...Stress testing balance sheets for GFC falls in EBITDA As we move into recession mode, incoming questions from investors have switched from a focus on the P&L to the balance sheet....
...It plans to raise extra funds for the electric performance brand Polestar, and to formally merge with Volvo next year....
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