Hints and tips:
Related Special Reports
...Led by pension funds and endowments, big investors sold 99 per cent of their private equity holdings at or below their net asset value on the secondary market last year, according to Jefferies, the most...
...Hipgnosis Songs Fund, the listed UK music rights investment company, has agreed to a $1.4bn takeover from US rival Concord Chorus....
...Experience tells me that if you like having arguments with fund managers, or just generally annoying people, one really good way to do that is to initiate a conversation about passive investing....
...The Concord offer was at a premium of about a third to the Hipgnosis share price before the bid was announced, and a 4.3 per cent premium to the fund’s September net asset value....
...The deal follows a strategic review by the company’s board after shareholders voted last year against the fund continuing....
...There’s also a trio of JPMorgan Hedged Equity Funds (mutual funds each with somewhat different reset dates) that together manage another $25.6bn....
...In the US, where ETFs have tax advantages over mutual funds, helping fuel their growth, JPMorgan’s Equity Premium Income ETF (JEPI) alone is almost as large as the entire European active ETF market, with...
...But the one thing they all have in common is a downtrodden share price and a very big premium,” he says....
...“As a result, these products end up trading at these huge premiums. It’s a function of the structure of the products.”...
...Investors have withdrawn about $1tn from mutual funds in that time....
...cases, even a small premium....
...Bristol Myers Squibb launched a potentially jumbo-sized bond deal on Wednesday to help fund two acquisitions....
...“You give up a lot of returns that you could have accrued for your clients,” said Elisabeth Kashner, director of global fund analytics at FactSet....
...Trusts can trade at a premium or discount to the value of their investments — according to the level of demand for the trust....
...It appears that asset managers are willing to pay this premium to invest in higher yielding products, while hedge funds earn the premium....
...After Hurricane Ida, the town’s residents were told they could apply for federal relief funds to elevate their homes....
...Hence, huge price premiums remained, even though they are simply not meant to exist for ETFs....
...After being denied access to government funds, Virgin Atlantic was forced to raise more than £1bn from the private sector. Byers also pointed to the drag from higher fuel prices....
...GQG holds 700,000 Goldman shares, worth about $260mn at Wednesday’s closing price, for its US fund. Goldman is the only US bank in its portfolio....
...JPMorgan’s recent success in the sector has rested on its covered call ETFs, namely JPMorgan Equity Premium Income (JEPI), which has attracted more than $32bn in assets since its May 2020 launch....
...VettaFi’s own data suggests that the Industrial Select Sector SPDR Fund (XLI) saw inflows of $829mn in March, the Materials Select Sector SPDR Fund (XLB) $574mn and the Energy Select Sector SPDR Fund (XLE...
...Activist hedge funds often buy modest stakes in listed companies then strong-arm their targets into selling themselves at a premium....
...That suggests a valuation in the area of Liontrust’s £416mn market value, significantly more with a takeout premium — a lot to swallow even in an all-share deal....
...The first derivative-based strategy piggybacking off US-listed bitcoin exchange traded funds has started trading, as experimentation in the fund industry accelerates at breakneck speed....
...Greece’s bank bailout fund last month sold 27 per cent of Piraeus Bank for €1.35bn....
International Edition