Hints and tips:
Related Special Reports
...Blue Owl has been one of the private capital industry’s most acquisitive groups since it went public in 2021 through the merger of its lending unit, once named Owl Rock Capital, with Dyal Capital, a group...
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...Private equity group Silver Lake, an investor in Manchester City’s parent group, raised its largest fund to date....
...The investor group also includes private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017....
...Equinox, the popular luxury gym chain, has raised $1.8bn from a group of private capital investors to refinance more than $1bn in loans and give it financial breathing room....
...High multiples on which they trade have pushed the broader S&P 500 Shiller price-to-earnings ratio, aka the cyclically adjusted p/e ratio (CAPE), up from less than 30 times in late 2022 to 34 times....
...Thanks for reading — Jamie Woodside struggles to balance E&P and ESG “The world is not prepared to live without energy.”...
...Investor Bill Gross certainly thinks so....
...The S&P 500 rose 10 per cent between the start of the year and April 5, with the Dow Jones up 3 per cent and the Dax gaining 8 per cent....
...Free cash flow, however, reconciles those book accounting accruals of the P&L ledger to capture the real flows of actual dollars coming in and out....
...It’s a catchy name that looks good in headlines and investor presentations, and it’s backed up by the kind of gains that make European investors sick with envy (even if we’re all supposed to be worried about...
...Can there really be any argument for ESG-focused investors to hold stakes in Big Tobacco?...
...the merits of returning capital to shareholders....
...Many are now snapping up options tied to the S&P that profit if the market keeps on rising....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...One investor concern is the capital-hungry nature of bulk annuity business. Regulators demand capital be set aside for each transaction, even if the purchase can add profits almost immediately....
...We also typically deploy “patient capital”, which seeks a strong return over longer time horizons. As a result, our grace periods before default tend to be longer than other investors....
...But for investors interested in a quick temperature check of the economy, money may not have much to offer....
...Since 1990, missing the 30 best days of the S&P 500 cuts your compound returns in half....
...There are investors and advisers who will bend over backwards and risk a capital loss just to avoid paying taxes, ever. So if you want to risk capital loss to avoid paying taxes, that’s a choice....
...The deal will bolster its Capital IQ Pro platform and allow for forward financial modelling....
...People want a piece of that, and all these stocks are in the S&P,” said Bill Coleman, head of US ETF capital markets at Vanguard, referring to the septet of tech or tech-related stocks that have driven US...
...“I would say that the vast majority of investors, my clients around the globe, when I asked about the US, they would say ‘I’m over-allocated to the US, but I’m going to allocate more capital to the US’,”...
...Of course the company has a loyal following among investors now....
International Edition