Hints and tips:
...The blue-chip S&P 500 closed up 0.9 per cent, at a new record, continuing a rally that has pushed the index 27 per cent higher since October. The Nasdaq Composite gained 1.3 per cent....
...The S&P 500 is often used as the default comparison because of its ubiquity, but, in reality, it’s a poor benchmark for private equity returns given how top-heavy it is....
...The S&P 500, for reference, has tripled in that time....
...The 19th edition — written by Marko Kolanovic and Bram Kaplan — landed a couple of weeks ago, and Alphaville has belatedly leafed through it for any interesting new titbits....
...More staggering still, the Kaplan report concluded broadcast rights agreements between the NCAA and its media partners contributed to gender disparity....
...The study, from Paul Gompers, Steven Kaplan and Vladimir Mukharlyamov, noted that a previous paper had found that 72 per cent of S&P 500 CEOs studied between 1993 and 2012 were internal promotions....
...But the median performer in the Kaplan stock portfolio rose 6 per cent, less than the S&P 500, dragged down by losers such as Occidental Petroleum and Delta Air Lines....
...Meanwhile, Kaplan held stakes over $1m each in 27 investments, and moved in and out of S&P 500 futures....
...The average venture fund set up between 2009-2017 has been generating returns of 10 percentage points a year above the S&P 500, according to Steven Kaplan, a professor at the University of Chicago’s Booth...
...“The ultimate goal is inclusion into the S&P 500,” added O’Hara. “The bottom line here is the continued evolution of the alternative asset managers into the public domain.”...
...On Wednesday, Dallas Fed president Robert Kaplan said the $120bn of monthly bond purchases should be reduced gradually from October....
...“Today, it is harder to find an affordable home in America than at any point since the 2008 financial crisis,” Marcia Fudge, US housing and urban development secretary, said at a recent congressional hearing...
...The S&P Case-Shiller national home price index, which covers all nine US census divisions, rose 14.6 per cent year on year in April, data on Tuesday showed....
...Furthermore, two hawkish Fed leaders, Robert Kaplan and Eric Rosengren, just lost their jobs in a trading scandal....
...Investors took the faster tightening timeline in their stride, with the S&P 500 closing higher on Wednesday....
...Both he and Dallas’ Robert Kaplan have resigned. All of this looks like hell. But the new rule does not go nearly far enough....
...Neither the S&P or the Nasdaq hit an all-time high on Wednesday. Is something wrong?...
...I was like, oh yeah, I don’t think anyone here in the West are taking work meetings until 11:30 p.m. on a Saturday or Sunday night....
...Marcia Fudge is widely credited for revitalising Warrensville Heights, Ohio during her eight years as mayor....
...Indeed, it may turn out to be smarter to own companies rich in intangible assets from any sector rather than bet on the Big Tech companies that have been driving the S&P 500....
...The S&P 500 closed down nearly 1 per cent after trading more than 1 per cent higher most of the day....
...The S&P 500 continued its march higher, rising 1.7 per cent on Wednesday....
...Meanwhile, equity markets turned lower, with the S&P 500 erasing its earlier gains and closing down 0.5 per cent....
...“US buyouts have historically outperformed the S&P 500 by a fairly wide margin,” said Mr Kaplan....
...“To me, the real chokepoints are mass transit and elevators,” said Dan Kaplan, the firm’s senior partner....
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