Hints and tips:
Related Special Reports
...“Glencore’s share price has underperformed its peers,” Ben Cleary, portfolio manager of Tribeca Global Natural Resources, wrote in the letter....
...On the High Street in Hungerford, a historic market town about an hour west of Reading, is Nigel Montgomery’s stamp and coin shop....
...Its De Beers diamond division and platinum metals unit have been hit by low prices....
...Shares in those units fell on Thursday. BHP said its offer valued each Anglo share at £25.08....
...Chilean funds are also worried about what happens to SQM dividends after the lithium division is split off — the unit provides the bulk of the chemical company’s revenues — as well as potentially higher...
...Rory Kutisker-Jacobson, a portfolio manager at Allan Gray, a South African asset manager and top-30 shareholder in Glencore, said the acquisition would create a “bigger and better coal business” but expressed...
...We’re also reading . . ....
...Take a break from the news How Harry Potter is still enticing visitors to the UK — even to places with no obvious connections to the books or films!...
...Email me at jonathan.moules@ft.com or, if you are reading this from your inbox, hit reply....
...Simon Edelsten is a former professional fund manager...
...Shell appointed Greg Joiner as executive vice-president of its Shell Energy unit, overseeing renewable generation, gas and power markets, Reuters reported....
...At JPMorgan Chase, investment banking head Vis Raghavan regularly told recruits, “You’re either reading the news or making the news.”...
...We’re also reading and listening to . . ....
...Hedge funds: Big-name managers such as Citadel and Millennium outpaced rivals in the world’s hottest hedge fund strategy last year. 4....
...Here’s what fund managers are saying about the asset class....
...Sometimes this is good: fellow entrepreneurs Oli Barrett and Harry Warren push their idea of always turning on subtitles in younger children’s programming to nurture reading skills....
...As a result gold has been hovering close to its nominal all-time high of $2,072 per troy ounce — the traditional unit for precious metals — since late March....
...Re-reading the tract today, Wilde’s points seem markedly modern....
...Particularly unfathomable to me was his injunction to his managers to buy nothing that yielded less than 6 per cent....
...“Data points such as negotiated wage growth, compensation per employee and unit labour costs all continue to imply persistently high inflation in the medium term.”...
...The country’s official manufacturing purchasing managers’ index came in at 49.5 this month, missing forecasts and trailing a reading of 50.2 in September....
...It’s simply a 0.5 Sharpe ratio [it generates 0.5 units of excess return per unit of volatility], not a 3.5 Sharpe ratio. So it doesn’t feel like an inefficiency....
...Those images cleverly combine a thermal heat map with data from a second, visual camera embedded in the unit, so you can see precisely what’s hot and what’s not, along with temperature readings accurate...
...Thank you so much for reading. Au revoir, Jonathan GuthrieHead of Lex...
International Edition