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...US hedge fund Whitebox Advisors, UK fund City of London Investment Management and Seoul-based fund Anda Asset Management submitted their proposals on Friday ahead of Samsung C&T’s annual meeting in March...
...BlackRock, JPMAM and State Street Global Advisors all joined in 2020....
...On Wednesday the firm announced a $10mn capital raise through selling 40mn discounted shares. On Thursday, its shares rose 10 per cent to 37 cents, reversing a wobble following the fundraising news....
...“The persistence in profitmaking of the big multi-strategy firms over the last few years has been a remarkable trend,” said Rick Sopher, chief executive of Edmond de Rothschild Capital and chair of LCH Investments...
...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....
...Multi-manager hedge funds typically allocate capital across tens or hundreds of trading teams that operate a variety of different strategies, and are overseen by a centralised risk management system designed...
...The answer is sort of interesting (all data from S&P Capital IQ): Companies in the S&P 500 have an average price/earnings ratio of 23, based on earnings estimates for the next 12 months....
...Millennium Management, the $60bn hedge fund led by Izzy Englander, and Schonfeld Strategic Advisors have terminated talks to form a partnership, according to people familiar with the situation....
...appear that S&C may have some problems,” he added....
...US hedge fund Schonfeld Strategic Advisors is cutting 15 per cent of its workforce in a cost-cutting drive after walking away from talks with larger rival Millennium Management earlier this week....
...Finally, expect some clear cash figures for shareholder capital returns to come. But he may need more than these tweaks to stem a three-year streak of share price underperformance....
...We did get calls from folks saying, why don’t you own more triple-C’s? And then there would be periods of time where volatility would spike and these triple-C-only managers would blow up....
...their business, this looks like the SEC sending out a pretty clear warning....
...basis trade that has caused plenty of angst in regulatory circles in recent years: “If the SEC recklessly impairs the basis trade, it would crowd out funding for corporate America, raising the cost of capital...
...On all these measures, I compared companies with peers from the same sector, not the index as a whole (if you want to see my spreadsheet, generated on S&P Capital IQ, email me and I’ll send it along)....
...It’s no coincidence that the S&P 500 is also having a stellar run....
...Two such managers, Dimensional Fund Advisors and Capital Group, have launched entirely new ETF franchises. JPMorgan has taken a $20bn ETF arm and grown its assets well above $100bn....
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...The investment bank’s share of RWAs is forecast to fall to about 50 per cent from 58 per cent currently, including the inflationary impact of new bank capital rules known as Basel 3.1....
...S&P Global Ratings said in a report on Thursday that triple C borrowers would “contend with weak cash flow and elevated interest expenses this year”, while “defaults in 2024 [would] largely come from consumer-facing...
...The S&P 500 is not yet quite as expensive as it was in the zero-rate, fiscal bonanza, everyone-has-loads-of-cash glory days of 2021. But it is getting closer....
...Typically, these are to either a) pay cash coupons; b) toggle to ‘pay’ bondholders with more debt claims, albeit with some additional penalty (even more debt claims); c) to PIK for a while then switch to...
...Bezos remains Amazon’s largest shareholder, with a stake of about 9 per cent even after the recent sales, data from S&P Capital IQ indicates....
...$1.5bn to c.$1.2bn....
...Argus subsequently grew by acquiring other companies and counts Platts, part of credit rating company S&P, among its competitors....
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