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The Top 6 Billion-Dollar US Buyout Funds of the Past Five Years
Any buyout fund closed in the past five years is still very much in its adolescence. Plenty of deals are yet to be done, both acquisitions and divestments, that will go a long way toward shaping the returns ultimately paid out to LPs. But that doesn’t mean current data about how such private equity vehicles are performing is useless. In
The Active Versus Passive Performance Debate Is Nonsensical
Introduction One of the most hotly contested debates in finance is the argument over which is better – active or passive investing. Moreover, this debate has spurred numerous academic studies that claim to identify whether passive outperforms active investing or vice versa. As a result, the current popular opinion suggests that passive outperforms active investing the majority of the time.
PE, Pints and PBR: Investors Pouring Money Into Beer Industry
While corporate brewers continue to shape the beer industry with high-profile acquisitions, private equity firms are quietly making their own splash. moisemarian / PixabayOverall beer sales reached $107.6 billion in the US last year, according to the Brewers Association, andmacrobrewers like Anheuser-Busch have been rapidly consolidating an industry that’s seen the number of craft breweries overflow. So where exactly does
Fund Managers’ Current Asset Allocation
Summary: A tailwind for the rally since February 2016 has been the bearish positioning of investors, with fund managers persistently shunning equities in exchange for holding cash. Fund managers have become more bullish, but not excessively so. Profit expectations are near a 7-year high and global economic growth expectations are near a 2-year high. However, cash balances at funds also
Fund of Funds Business Is Still Dying
Asset Management
The fund of hedge funds business – the manager of managers, hedge funds that invest in other hedge funds — has witnessed significant growth from 200 to 2008 as well as a leveling off of hedge fund inflows, a May Eurekahedge report notes. From its participation peak in 2007, when over 3,700 individual fund of funds shared over $800 billion
Apollo Goes West in $5.1 Billion Deal
Asset Management
After reports emerged last week of an approaching deal, Apollo Global Management has made it official: The firm has announced its acquisition of West (NASDAQ: WSTC), a provider of communication and network infrastructure services, for $23.50 per share, equating to an enterprise value of about $5.1 billion. That price tag seemingly represents a discount, as West’s stock was still trading
Passive Bond Strategies: A Road to Nowhere
Asset Management
Driverless cars may be the wave of the future. But when it comes to bond investing, it’s best to keep your hands on the wheel. Anything less could do serious damage to your fixed-income portfolio. It can be tempting to opt for a passive approach in fixed income. Passive strategies are the driverless cars of the asset-management world—they bring investors
Fund Flows Surge to Near Record Last Week
Asset Management
Fund flows surge and Fixed Income Funds in particular, are one of the beneficiaries US funds and ETFs reported the highest total weekly inflows of the year last week according to Bank of America’s weekly funds flow report. Both equity and fixed income strategies attracted inflows which amounted to $23.6 billion overall for the week ending April 26, up significantly
Federated Investors Hires Asia-Pacific Team
Asset Management
US-based asset manager Federated Investors has hired three former employees of Phoenix Global Capital Management to develop its Asia-Pacific business. Bill Taki, formerly chief executive of Phoenix Global Capital Management, will take on the newly created role of Asia-Pacific chief executive at Federated Investors. He is joined by Bill Mukai, who will become head of Asia-Pacific client relationships, and Hun
Passive Investing Is a Conscious Choice Not to Outperform
Asset Management
In the debate over active versus passive investing, investors should measure performance over the long term, financial advisors were told at a Morningstar investment conference in Chicago. “Passive is a conscious choice not to outperform,” said Mark Finn, who runs the T. Rowe Price Value Fund. Active managers should have a strong commitment to fundamental analysis and focus on areas