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...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...Dieter Helm of Oxford university has long argued it is too large for any one management team and should be broken up. Thames could pursue asset sales now....
...equity ETF flows....
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...Private equity, public market problems Yes yes, it’s trendy and facile to blame private equity for absolutely everything, but hear us out....
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US equities, led by ‘Magnificent Seven’, now account for more than 70% of global developed markets
...Warren Buffett famously said that when he owns outstanding businesses with outstanding management teams, his favourite holding period is “forever”....
...management since the global financial crisis of 2008 — in a move that had “obvious Chinese characteristics”....
...Raab, who will work 44 hours a month as an adviser, agreed with Scherb on the need to deregulate London’s equity markets, although he told the FT that “it’s challenging because of all sorts of other equities...
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...“[Equity] markets are worrying about Israel’s response” to Iran’s missile bombardment over the weekend, said Mike Zigmont, head of trading at Harvest Volatility Management....
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...Although these terms are designed to reassure bondholders, they could straitjacket Thames Water’s management, preventing a turnaround at the creaking utility....
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