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...He added: “If you’re growing at the pace that we are, then the P&L does manifest itself in cash requirements.” Sales at Interpath’s advisory business climbed to £26.9mn, up from £2.8mn a year earlier....
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...While the S&P 500 has advanced steadily since October 27 (+22.1%), stock leadership has flipped 180° since the start of the year on shifting Fed policy forecasts....
...Stephen Carson, head of asset management and investment funds at Irish law firm A&L Goodbody, said that in the absence of the OFR, the UK was continuing to operate on measures brought in after Brexit came...
...Flows into S&P 500 ETFs were boosted by a technical factor last year when the $533bn SPDR S&P 500 ETF Trust (SPY) pulled in $31bn in two days in December....
...But what’s most entertaining is that the government goes ahead and shows the professor’s ongoing work calculating Alameda’s historical balances with FTX — basically the firm’s net P&L — from last year:...
...Whatever the strategy employed, overarching mandates of risk management and loss protection mean being underweight the winners so underperformance versus equity benchmarks is pretty much guaranteed....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...Many are now snapping up options tied to the S&P that profit if the market keeps on rising....
...FT Alphaville wanted to let it lie, but the levels of “this is a good time for active management” guff have grown too damn high — even BlackRock is getting in on it, ffs....
...Haldenwang’s management style also contrasts that of his predecessor. Politicians who work with him say he is diligent, unassuming and focused on detail and steady progress, rather than grandstanding....
...Most of the nearly $500bn increase in assets under management in the first quarter was due to rising equity markets. In the US, the S&P 500 had its best first quarter since 2019....
...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....
...The company’s Ageing Population and Healthcare Innovation ETFs have also fallen out of favour, alongside the L&G Cyber Security Ucits ETF....
...Jane Street is suing Millennium Management and two former employees for allegedly stealing trade secrets in a rare public spat between two big Wall Street investment firms....
...Warren Buffett famously said that when he owns outstanding businesses with outstanding management teams, his favourite holding period is “forever”....
...As Bolgona puts it: From a high level, relative to electing to account for loans at amortised cost, electing the fair value option provides a P&L tailwind during periods of loan growth due to recognising...
...L&G has “so far failed to emulate its domestic success abroad”, said the top-30 shareholder, citing plans to expand the asset management arm into Europe and Asia, among other drives....
...The flipside is that investors would not be able to take full advantage of a boom year, potentially seeing their gains capped at only 15 per cent or so in a year in which the S&P 500 rises by more than this...
...By the time Tesla was included in the S&P 500 index, it had already become the sixth-largest US company by market capitalisation....
...“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...
...Passive management has gained ground because it is cheap, with annual management fees often a fraction of a percentage point....
...*Ignites Asia is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at ignitesasia.com....
...Even so, Rich Kerr, an attorney who co-leads the digital assets team at law firm K&L Gates, is optimistic that the new crop of spot bitcoin ETFs might be easier to approve than expected....
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