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...Goldman estimates that the median short interest in S&P 500 companies is still remarkably low at 1.7 per cent, but is up from 1.5 per cent at the end of 2021....
...Wall Street’s blue-chip S&P 500 index captured its highest share of global equity exchange traded fund flows for at least a decade last year, as the rise of the so-called Magnificent Seven reshaped benchmarks...
...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....
...Between Miami and Vegas, celeb-studded races are central to the growth strategy of Formula 1 in the US....
...“There are 1,200 names between the funds and the overlap between them is almost non-existent. It’s almost like a psychology test for a world view.”...
...They would pump in $1.8bn in debt to refinance maturing loans and fund working capital and the growth of new clubs, Equinox said in a press release on Friday....
...Of the almost $1.7tn invested in dedicated small and mid-cap funds globally, nearly $1.3tn of it is invested solely in the US, according to Morningstar....
...Advertising revenues for the quarter to the end of March dropped to $1.2bn compared with $1.9bn in the same period a year ago....
...Over the same time period, the largest US-domiciled AI ETFs have chalked up a mean return of 28.1 per cent....
...They will pump $1.8bn in the gym chain to refinance maturing loans and fund working capital and the growth of new clubs....
...Back in 2019, my colleague Oliver asked Buffett if he should put Berkshire or an S&P tracker fund into his young son’s college fund....
...However, buffered ETFs tend to be considerably more expensive than plain, vanilla ETFs — most passive ETFs tracking the S&P 500 charge less than 0.1 per cent, while Innovator, First Trust and Allianz generally...
...Plans to raise €1.25bn via listing could fund further deals and consolidate ownership of businesses in which it has acquired majority stakes....
...(Alphaville believes that using L’Oréal as an O is cheating, even if it makes your acronym look nicer.)...
...The US move from T+2 to T+1, which comes into effect in May, has caused concern among EU fund managers as it will reduce the amount of time they have to settle US trades....
...The data suggests Europe is experiencing a similar phenomenon to the US, where fund managers are increasingly concerned about the narrowness of a rally led by tech companies such as Nvidia, which surged...
...It’s a fun fact that one of the best performing investors in the world is the S&P 500 index committee. Over the past 20 years, their picks have now beaten 97 per cent of all US equity funds....
...We see, now, the potential climate change impacts are hitting us and we are [approaching] 1.5C of global warming [since pre-industrial times]....
...Unlike many trading firms, Jane Street also makes a point out of paying its people according to their contribution to the broader company, rather than tying it to personal P&L or the earnings of their desk...
...When l told my wife, she asked if I’d lost the house (which we owned outright). l said, no, even l was not that stupid. She then laughed and said that it ‘doesn’t really matter much then’....
...Thus only a fraction of overall AUM is deployed in strategies that have a direct impact on the VIX® index (e.g. 1-month over/underwriting strategies on the S&P 500 index)....
...He pointed to the latest updates to long-running research by S&P Dow Jones Indices which shows that over 15 years more than 90 per cent of actively managed large-cap funds underperformed the S&P 500, and...
...In another test, S&P looked at US mutual funds....
...Yesterday in this space I wrote about Berkshire’s last two decades of share performance, which have mirrored the S&P 500....
...According to the S&P Index Versus Active Report, 80 per cent of equity managers of large capitalisation stocks underperform a benchmark like the S&P 500 over the five-year horizon....
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