Hints and tips:
...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....
...Blackstone in September became the first private equity group to be included in the S&P 500 index and its rivals Apollo Global and KKR are hoping they are not far behind....
...Now the waterfront — which forms part of Liverpool Waters, Peel L&P’s £5bn, 30-year project to transform the city’s northern docks — is taking on a new life itself....
...Despite a sell-off in technology stocks last year and UK market rally, the FTSE 100 trades at a much lower valuation relative to company profits than Germany’s DAX or the S&P 500 in the US....
...The FCA’s letter raises the heat on S&P, MSCI, FTSE Russell and other businesses raking in revenue from ESG benchmarking businesses....
...They might be willing to endure quite a few lean years in terms of their own P&L — and even to think about cutting their own costs and headcount — rather than take risks with deals that need stretched assumptions...
...The institutional business (LGRI), which is the biggest by net premiums written, saw profits rise by 7 per cent to £560mn....
...Anyway, here are names and links — we’ll let you make your own mind up: Liquid 2 Venture Fund III L.P . . . . Lake Nona Fund / LN Sports & Health Tech Fund I, LP . . ....
...In November 2020, MSCI downgraded P&G’s ESG rating to A from AA. Peltz started on the company’s board in 2018....
...Individual investors account for about 40 per cent of all trading in Spacs — double the amount for S&P 500 or Russell 2000 stocks, according to data in a Bank of America report released last month....
...This would be the first instance of consecutive double-digit deficit years since World War II....
...Paulson & Co and Lansdowne Partners this month decided to shut their flagship hedge funds after periods of disappointing performance that destroyed much of the wealth created by these managers in earlier...
...“As a former institutional investment manager with three global investment management firms, I have worked inside this very system,” Venice writes....
...However, the outlook is uncertain, rising one-offs make P&L valuations less relevant and cash conversion is declining. In addition, top management changes add another layer of complexity....
...P&C outperformed into the corrections in the past 8 years....
...Will Wallis at Numis can give us the detail of the strategy review: We summarise the outcome as a focus on self-help, requiring upfront P&L investment....
...As mentioned before, most have made the decision to take research on to their P&L. In other words, it has become a cost item....
...At c30x P/E, we do not feel valuation fairly reflects these risks and thus downgrade to Sell with a GBp385 price target, suggesting c30% downside from current levels....
...The company has announced an interim dividend of $101m ($0.9531 p/s) and is launching a new $67.3m share buyback today....
...The quarterly declines in GDP growth we anticipate substantially exceed anything previously recorded going back to at least World War II....
....* The 2018 wooden spoon went to Zurich-based Entrepreneur Partners’ €79m Trias L/S fund, which invests in German, Austrian and Swiss equities....
...Before accounting rules changed and forced companies to put equity compensation in the GAAP P&L, the underlying shares still appeared in the sections of securities filings that listed the details of stock...
...Consider what it would do to Bandersnatch’s P&L. “Don’t mind institutional investors. They’ll mouth off about price and earnings dilution and the rest. Yada yada yada. Call their bluff....
...Working through organisations such as the Institutional Investors Group on Climate Change, we also urge policymakers to provide clear and constructive policy signals that will support the necessary investments...
...“We all knew that at the end of the year, all that mattered was P&L,” said one....
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