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...Barings, a subsidiary of US life insurer MassMutual, filed on Monday for a temporary restraining order and preliminary injunction against Corinthia Global Management in a North Carolina court....
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...Barings told the FT that while some of its funds had paused making investments, it “remains open for business and able to invest” through other vehicles such as its US-listed entity....
...Traditional private equity firms in the past five years have however raised mega private credit funds that can go head-to-head with the bank-originated syndicated loans extended to companies of in effect...
...Over the past 20 years, their picks have now beaten 97 per cent of all US equity funds....
...from an NFL-focused fund, as opposed to a general sports or other investment vehicle....
...In 2005, US life insurer MassMutual took over Barings Asset Management, as well as the right to use the Barings name....
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...Inflation break-evens are indexed to US CPI, rather than the personal consumption expenditure price index that the Fed targets....
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...Moreover, with an increasing range of low-cost indexed alternatives, the task of comparing active returns to benchmarks becomes easier....
...The chart below shows Nomura’s back of the envelope estimate of the combined growth in assets across select options-selling open-ended investment funds....
...Hedge funds, private equity and venture capital firms, as well as pensions, university endowments and investment giants such as BlackRock and MSCI, have been scrutinised, called for questioning or targeted...
...At around the same time, FTSE Russell changed its recognition of Saudi equities, moving them into the FTSE Global All Cap index — a popular global equity index....
...In the 10 years to the end of June 2023, 77 per cent of actively-managed sterling-denominated UK equity funds had failed to beat the index and 95 per cent of global equity funds had done the same....
...“It’s been one-way traffic over the past decade,” Morningstar added, noting that US equity fund flows flipped in favour of passive as far back as 2005....
...These differences stem from the very earliest passive equity income funds, which tracked the Stoxx Global Select Dividend 100 index....
...After identifying the best sectors, I would select the manager with strong records....
...Fidelity includes Royal London Short Duration Global Index Linked Fund M Inc in its “Select 50” list of recommended investments, saying: “The loans are made over short periods (under five years usually)...
...Your default choice would typically be to run a “dual track” process exploring a public listing alongside a sale — and then select whichever exit path will maximise your financial return....
...The assets often generate revenues indexed to inflation, even as they are financed with fixed-rate debt....
...In 2020, AEL had repelled an unsolicited joint bid from Apollo’s Athene unit, which had partnered with MassMutual....
...If I were a fund manager combing through this data, I might be inclined to select companies with a high management score but the most room to improve, on the basis that they’re most likely to be able and...
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