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...It released research in November indicating that investors lost out on more than two-thirds of the potential returns from thematic funds over the five years to June 2023 due to their tendency to buy high...
...The report is authored by John Kerschner,* Janus Henderson’s head of US securitised products. You know, the complicated alphabet soup that caused the global financial crisis bla bla bla....
...Capital raisings, the industry lifeblood for new funds, have dried up....
...Older investors also gained exposure to technology through the Liontrust Global Technology fund and Polar Capital Technology Trust....
...“The capital is coming in from every channel, every geography because we have attractive real yields and the biggest, most liquid credit markets,” said John McClain, a portfolio manager at Brandywine Global...
...“It would also help advance the claim of the UK to be a global leader in fintech.”...
...Global Development, a think-tank....
...Jim Cielinski, global head of fixed income at Janus Henderson Investors, nonetheless said it can make sense for certain portfolios to scoop up long-dated bonds, given the sell-off has left the regular interest...
...Tiger Global, one of the most prolific investors in private technology start-ups during a venture boom that peaked in 2021, has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn...
...and transaction costs are high.”...
...The other activist investors — New York-based activist funds Eminence Capital, Sachem Head Capital Management and Dendur Capital — are pushing to take most, if not all, board seats with the aim of controlling...
...If I were betting, I would expect yields to be lower than they are today by year-end,” said Blake Gwinn, head of rates strategy at RBC Capital Markets....
...It launched in October 2023, but its managers have experience in this area — the multi-asset fund they also manage, the Capital Gearing Portfolio Fund, aims to protect clients’ capital and has big exposure...
...The high-yield, or “junk” spread, widened following the latest CPI release, but is still near its narrowest levels since January 2022, according to Ice BofA data....
...Diego Megia is targeting $4bn to $5bn of investor capital for the launch of macro hedge fund Taula Capital....
...Their emphasis below: When there was just one index fund, it was of limited use to market participants seeking to construct portfolios of evolving allocations between global asset classes and market segments...
...EFPR Global data indicates that net fixed income fund inflows have now crossed the $100bn mark — and, luckily for all bond managers, active flows are outpacing passive ones so far in 2024....
...Such destabilising activity is fostered by, among other things, marked growth in private markets and a shadow banking system that includes money market funds, hedge funds, high-speed electronic traders and...
...Private investors have piled into UK government bonds this year to lock in attractive yields as the Bank of England has kept interest rates at a 16-year high....
...Investors poured record sums into high-yield bond exchange traded funds in November as investors rediscovered their appetite for risk....
...Deficits are “out of control and the real story is that there’s no mechanism for bringing them under control”, said Jim Cielinski, global head of fixed income at Janus Henderson....
...Biotechs are particularly reliant on equity markets because they often need large amounts of capital to fund drug development before they generate enough revenue to repay debt....
...The early data helped Compass raise $285mn in a private placement of its shares last August from mainstream biotech funds including $10bn fund RA Capital and Surveyor Capital, an equities business owned...
...The IMF estimates the size of the global private credit industry at just over $2tn, most of which is in the US, rivalling the high yield and leveraged loan markets....
...It would be odd for anyone to show that the average high- yield fund does not earn returns in excess of its risks, and think that they have proven anything useful. There is something to this....
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