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...The S&P/TSX Renewable Energy & Clean Technology index fell by almost 37 per cent between the end of 2021 and 2023....
...But perhaps more importantly — given that most L/S funds actually have a clear long bias — its “Hedge Fund VIP” index of the chunkiest long positions has performed strongly....
...They would pump in $1.8bn in debt to refinance maturing loans and fund working capital and the growth of new clubs, Equinox said in a press release on Friday....
...Given a constitutional prohibition on using borrowing to fund day-to-day spending, receipts from debt sales are passed over to be managed by GIC, the government’s wholly-owned fund manager, and invested...
...That would bring them back to where they were a decade ago. Also on a multiple of sales, L Catterton’s offer looks underwhelming — just 1.7 times this year’s revenues....
...Meanwhile, we take a look at a new effort to kick-start a watery corner of the sustainable debt market....
...The group also includes executives of Related Companies, private credit groups Ares Management and HPS, and L Catterton, a private equity group that invested in Equinox in 2017. Read more here...
...Pacer Funds, meanwhile, has issued a suite of so-called cash cow ETFs that invest in companies with excess cash flow....
...The data suggests Europe is experiencing a similar phenomenon to the US, where fund managers are increasingly concerned about the narrowness of a rally led by tech companies such as Nvidia, which surged...
...S&P publishes a regular report on the performance of mutual funds....
...The world’s largest convertible bond manager has unveiled a “synthetic convertibles” exchange traded fund to spread the concept to companies that are so cash-rich they do not need to issue real bonds....
...fund business turnarounds....
...Which is why this new report from S&P Dow Jones Indices caught FT Alphaville’s eye....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...Data from S&P Global indicated that a fifth of the company’s stock — totalling €930mn — is being targeted by short sellers, who typically borrow shares in order to sell them, buying them back later to profit...
...Distressed debt investors are now circling Atos, including hedge fund Attestor, which has bought some of the company’s debt....
...Distressed debt hedge funds are also circling, including US-based Attestor, which allied with Křetínský on the bankruptcy of French food retailer Casino last year....
...The top five contributors to the fund’s performance last year were Meta Platforms, Microsoft, Novo Nordisk, L’Oréal and IDEXX Laboratories....
...bonds and exchange traded funds, writes Mary McDougall in London European institutions held more than $11tn of US equities and debt last year, according to the Federal Reserve....
...The bank’s shares have sunk to an all-time low while the yield on PBB’s single additional tier 1 bond, a debt instrument designed to take losses during a crisis, has surged above 40 per cent, up from 14...
...AllianceBernstein has launched five new exchange traded funds, including a buffered ETF, bringing the company’s year-old line-up to 12 ETFs....
...L&I ETFs do not currently pose a risk to UK financial stability, but this could change if they grow in popularity....
...This could be a catalyst for discretionary investors to cut back elevated positioning. Presently, S&P 500 vol priced for next Wednesday’s FOMC day is still muted....
...Likewise if we want to make a relative call, say against a S&P 500 fund....
...It recently launched a fund that tracks the S&P 500 — the Global X S&P 500 Covered Call UCITS ETF (XYLU LN) — and a sister fund which tracks the Nasdaq 100 — The Global X Nasdaq 100 Covered Call UCITS ETF...
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