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...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....
...Wall Street’s blue-chip S&P 500 index captured its highest share of global equity exchange traded fund flows for at least a decade last year, as the rise of the so-called Magnificent Seven reshaped benchmarks...
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, has been given the task of convincing Canada’s pension funds, which manage more than C$4tn (US$2.9tn), to allocate more capital at home....
...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....
...Stephen Poloz, who led the Bank of Canada from 2013 to 2020, is charged with convincing Canada’s pension funds, which manage more than C$4tn (US$2.89tn), to allocate more capital at home....
...There they can remain until they are so large they qualify for the S&P 500, or are flipped to another PE fund or rival company....
...High multiples on which they trade have pushed the broader S&P 500 Shiller price-to-earnings ratio, aka the cyclically adjusted p/e ratio (CAPE), up from less than 30 times in late 2022 to 34 times....
...As such the buyout does not look too shabby at 20 times this year’s operating profit on S&P Capital IQ estimates. But with more effort management might be able to double these earnings....
...More than 200 gangs operate in Haiti, raising funds through extortion and kidnappings; many are linked with drugs and arms dealers, as well as some local politicians....
...Global demand for plastics, which makes up 50 per cent of petrochemical demand, is expected to nearly double by mid-century, according to S&P Global Commodity Insights....
...The Granolas’ share of the Stoxx Europe 600 index has climbed to 25 per cent, approaching the Magnificent Seven’s 28 per cent weighting in the S&P 500....
...And decisions made by index providers are increasingly shaping capital allocation....
...Back in 2019, my colleague Oliver asked Buffett if he should put Berkshire or an S&P tracker fund into his young son’s college fund....
...In another test, S&P looked at US mutual funds....
...But funds gained 6.1 per cent on average, compared with the S&P 500’s 26.3 per cent gain....
...So that reduced their cost of finance, helps fund their capital account or current account, deficit . . . Katie MartinYep. Pays the bills. Toby NangleYeah....
...The three continuation funds include two managed by the Chinese group Legend Capital and one by US-based L Catterton....
...They will pump $1.8bn in the gym chain to refinance maturing loans and fund working capital and the growth of new clubs....
...The move made sense: as the index fund price war has intensified, more and more of the cost of a fund is actually consumed by licensing brand-name indices like the S&P 500....
...S&P Global warned in November of a “poverty trap” in low-income countries hit by climate change....
...“You give up a lot of returns that you could have accrued for your clients,” said Elisabeth Kashner, director of global fund analytics at FactSet....
...Deep down, he’s a historian; it just so happens that running dividend-focused funds at Federated Hermes is his day job.)...
...Abu Dhabi-based asset manager Lunate Capital plans to roll out the Chimera S&P India Shariah ETF, which will target large shariah-compliant Indian companies listed on the Bombay Stock Exchange on January...
...ing] uncapped exposure to the S&P 500, while buffering against the possibility of significant losses”....
...The figures suggest that top managers prioritise careful deployment of investors’ capital, rather than making the fund as large as possible....
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