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Related Special Reports
...Following conversations with foreign portfolio investors, their analysts wrote that many fund managers “continue to grapple” with a market at “high multiples”....
...The short answer is that higher bond yields have clogged up the PE pipeline. Bain & Co’s latest private equity review gives a longer answer....
...And also, more importantly, as Oliver mentioned, we don’t see a bifurcation between in terms of inflows, going more into passive as opposed to active. So that’s very supportive of the PIMCO trajectory....
...Read Claer’s recent column that looked at how exposed the index funds in her portfolio were to the Magnificent Seven - and if this was a good or bad thing: free to read link here Check out Katie Martin’...
...has just over 40 per cent of its portfolio in private markets....
...This comes partly from the woeful long-term performance of active retail funds and partly from regulatory change....
...Using a cash fund to pay income in the short term, say two to five years, could help too....
...Right now you have $5tn in short-term cash in the US, rolling Treasury bills, that can extend in duration and take more risk....
...A key change is the expansion of the coverage to include a much wider range of non-public assets, including private debt funds, directly held private debt and directly held real estate funds....
...“A lot of people who would normally roll their futures put [their money] into SPY instead”, with the highly liquid SPDR ETF commonly “used for short-term tactical trading to hedge short-term tactical positioning...
...I’m happy to have some home bias in one of my portfolio “building blocks” as I think the UK is too cheap, and I can afford to take a long-term view, though I appreciate many readers may not share my optimism...
...and then it’s our job to work out whether that’s going to be a lever in the long term or the short term,” she adds....
...While passive funds are not permitted by the FT competition, here are a few that could form the building blocks of your own long-term portfolio....
...Asset managers also say the mutual fund structure works better than ETFs for giving smaller investors access to alternatives, such as private equity and private credit, which have been growing in popularity...
...The leader of the UK’s biggest private sector pension scheme has urged the government to refrain from excessive intervention in how retirement funds are managed....
...Nor had she heard of Nvidia (to the uninitiated, I agree the AI chipmaker does sound like a face cream) even though these seven stocks account for a growing chunk of passive funds favoured by hands-off investors...
...“We will continue these investments, and it will have a short-term impact on our results, but in order to nourish the long-term development of our brands.”...
...Plus, the deliberate avoidance of exposure to short-term outcomes improves the quality of your decisions, meaning you’re more likely to end up richer....
...But, unlike traditional investments in, say, infant health or early childhood education, the approach takes into account anything that might affect their wellbeing....
...By late autumn, the fund manager began to assert its power, attempting to force the company to restructure its debt on Invesco’s preferred terms....
...Such transactions might help to stem companies’ debt problems in the short term, while helping to preserve buyout firms’ equity....
...Bobby Jain’s new hedge fund is falling short of its original $8bn-$10bn fundraising target, thwarting his ambition for the industry’s largest-ever debut....
...US public pension funds like Calstrs are looking at new borrowing strategies to manage their illiquid private market bets, relying on the debts to generate short-term cash flows during periods of market...
...Suddenly, holding cash — either in savings accounts, short-term government bonds or money market funds, a cash equivalent — enabled investors to achieve returns in the region of 5 per cent, simply for doing...
...They contrast a PE fund owner such as in the Eurovita example — where a short-term investment horizon and structure might clash with a life insurer’s needs — with an insurer that sits on the balance sheet...
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