Hints and tips:
Related Special Reports
...TikTok’s Beijing-based owner ByteDance tightened its grip over its US operations over the past two years, according to company insiders, even as momentum to ban the short-video app grew in Washington....
...Whenever there’s a study that dunks on active portfolio management, we’ll be here to cut and paste. Today’s active management dunk comes from Morningstar....
...One good read The risks of management by “hard numbers.”...
...Dell’s family office, DFO Management, has agreed to provide the first outside capital to 5C Investment Partners....
...Performance deters new money: 44 per cent of AUM have underperformed over three years and 38 per cent over five years. The $1.1bn total return fund has underperformed over three, five and 10 years....
...Over the past 20 years, their picks have now beaten 97 per cent of all US equity funds....
...Chief financial officer Martin Small said on a call with analysts that he expected headcount to be “broadly flat” in 2024, as it has been over the past two years....
...Tesla now states it is “accelerating” plans, though as with the Cybertruck it’s easy to mistake the accelerator for the brakes....
...This proportion falls to 6 per cent over 10 years....
...HSBC will take over Citigroup’s China consumer wealth portfolio to accelerate its expansion there. The Asia-focused lender has made the right move....
...Retailers say the settlement would save them $30bn over five years. But investors in Visa and Mastercard can rest easy. Their high-margin business model remains intact....
...US hedge fund Elliott Management has instead been on a buying spree, betting that the market has grown too pessimistic over potential losses....
...Anyway, here’s the lowdown on asset management for this week. You’ll be back in Harriet’s capable (and tanned) hands next time....
...Three-quarters of global iPhone owners used Apple Pay in 2022, according to Deepwater Asset Management. The adoption is particularly pronounced among those aged 18-29 according to Mizuho....
...In 2023, 38 per cent fewer buyout funds closed, and deal values have fallen by 60 per cent over the past two years....
...Bitcoin ETFs from iShares, Fidelity and Cathie Wood’s Ark Investment Management have taken in the most new cash since their launch, while similar products from Wisdom Tree, Valkyrie and Franklin Templeton...
...The cost gap with active funds has narrowed over that timeframe, from 1.14 per cent to 0.95 per cent last year....
...The proliferation of alternative vehicles allowing easy access to a range of global assets — such as exchange-traded funds — has also hurt the sector....
...Sadly, many of the companies that used the looser covenants over the past decade no longer exist or went through the US Chapter 11 bankruptcy protection process anyway, making the whole liability management...
...“Private equity will look different over the next 10 years than it looked over the past 10 years,” he said....
...“It’s easy to forget that it was only 50 years ago that women couldn’t open a bank account without their father or husband’s permission.”...
...But I find it interesting that the DoJ chose to flag the issue given the market moment, in which years of easy money and buybacks have supported an ever more financialised economy in which the tail is truly...
...New US competitors will not find it easy to gain territory from the market leader....
...Whatever is left over is attributable to management. It’s not a totally satisfactory method (how does it account for plain old luck, for example?) but it’s often the best one can do....
...Moody’s said NYCB faced numerous “financial, management and risk management” issues....
International Edition