Hints and tips:
...Joe KeaneyManchester, UK...
...Napier believes so....
...Of the 29 business cycles in the US since 1881 only a few have ended in one, according to Professor Russell Napier....
...Though it only formally withdrew from the Paris climate deal last week, Joe Biden has already set in process an executive order to take the US back in....
...This crazy rollercoaster ride of a market rout, which (for those who’ve been living under a rock) involves average Joe day-traders connected by the social media site Reddit using apps like Robinhood to put...
...I think this will give rise to a big market correction (which is one reason my own portfolio looks a lot like what Russell Napier advised recently in the FT....
...Avenue Capital, Napier Park, Castlelake and Marathon are among the funds that have ploughed money into the business....
...Napier Park has not yet issued a CLO in 2019. Barings, a Charlotte, North Carolina-based firm with a total of $300bn under management, declined to comment....
...Avenue Capital, a New York-based firm, has recently raised a $600m fund to buy aircraft, alongside rival funds including Napier Park, Castlelake and Marathon who have ploughed money into the business....
...“That inflation data are weighing heavily on the market,” says Marc Bushallow, managing director of fixed income at Manning & Napier....
...“Ours is an industry that is undergoing significant change,” Legg Mason chief executive Joe Sullivan told investors on a conference call....
...Napier is lambasted as a perma-bear these days, but this is a great read taking you through the times when he would, correctly, have been very bullish....
...Joe Dickerson, an analyst at Jefferies, says the aim to remove £800m of costs this year “is a positive development”. But more needs to be done....
...BrightScope’s Mr Herman notes that some target date funds, such as Manning & Napier’s Goal CIT Funds, invest entirely in exchange traded funds....
...I’m re-reading Russell Napier’s Anatomy of the Bear....
...Mr Lasn says that while Adbusters has so far been content to spoof ads (memorably changing Joe Camel to Joe Chemo[therapy] and attempting to associate Absolut Vodka with impotence), it is time to get more...
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