Hints and tips:
...The cerebral pair, who managed Lansdowne’s flagship UK fund that was later rebranded as the developed markets fund, had prospered by knowing the companies in which they invested inside-out....
...Blackstone has historically catered to institutional clients such as pension funds....
...specialist Simon Schafer, macro fund manager Tim Bond and institutional business head Jos Trusted....
...Even so, the alternatives to mutual funds have fundamentally reshaped the investment marketplace, as customers opt not just for ETFs but also separately managed accounts and collective investment trusts....
...The US Securities and Exchange Commission has approved the first spot bitcoin exchange traded funds in a watershed moment that cryptocurrency enthusiasts are betting will draw new retail and institutional...
...The scale of value-add is small, but highly statistically significant....
...In 2013 Andrew Ang, Bingxu Chen, William Goetzmann and Ludovic Phalippou caused a stir by arguing that “private equity is, to a first approximation, a levered investment in small and mid-cap equities”....
...Three actively managed ETFs run by Brandes Investment Partners, a $19.5bn, 50-year-old San Diego-based mutual fund manager listed on the Cboe exchange today, covering US Small Cap Value (BSMC), US Value...
...There’s a 25 per cent reduction in small-cap-indexed companies ex funds and a 48 per cent drop in FTSE Fledgling non-fund members. Meanwhile, the total fund count is up 10 per cent since 2013....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
...He picks out Abrdn Japan, a small, poorly performing large companies trust, which is being rolled into the top-performing Nippon Active Value, run by Rising Sun Management....
...Dimensional — widely used by US advisers — also switched over lots of its mutual funds and Ark Invest (run by Cathie Wood) boasts a small legion of actively managed tech equity ETFs....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...The Pensions Regulator (TPR) in the UK wants to see more funds consolidated after its recent analysis showed most small schemes were not delivering value for money for members....
...Actively-managed funds could be one way of playing this, such as Fidelity’s China Special Situations Investment Trust, which, as well as holding equities, holds illiquid names such as TikTok owner ByteDance...
...He noted a number of funds focused on value had made headway as managers heavily weighted towards UK small and mid-cap companies were punished....
...clutch of funds that focus much more on private businesses plus a smattering of small-cap minnows....
...By 2030, the majority of workplace DC savers will have their pension pots managed in schemes of over £30 billion and by 2040 all local government pension funds will be invested in pools of £200 billion or...
...Both have LSE-listed funds that give you access to a huge range of underlying funds, with big chunky discounts — in both cases of over 40 per cent — to their net asset value....
...Fund groups tend to have a limit on the value of unlisted holdings in a fund, which in the case of Jupiter’s UK Mid Cap fund has been 10 per cent....
...It’s been a stressful week for fund managers of venture capital trusts. As vehicles that invest in start-ups and tech companies, VCTs were rocked by the sudden collapse of Silicon Valley Bank....
...Kirkby at least has some time to boost BT’s value....
...Jupiter’s UK Mid Cap fund earlier this month offloaded its 6.5 per cent in private company Starling Bank, as the valuations of tech start-ups have come under pressure....
...“Argentina does not have an economic problem, it has a political, cultural and institutional problem,” he says....
...(“Had you said, ‘I think small-cap value stocks are inefficient,’ I think you could get kicked out.”)...
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