Every year, donors bid millions for the opportunity to share a meal with Warren Buffett at Smith & Wollensky in New York City. The steakhouse's founder Alan Stillman tells the story behind the annual charity lunches. Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You [...]
We continue our Sohn Brazil Conference coverage - first up in depth from Luis Stuhlberger, Verde Asset Management who runs Brazil's largest hedge fund. Next will be Bill Ackman and we should have all the notes in the coming days so stay tuned - you can see a summary [...]
Below is an excerpt on retail REITs from a 109 page book on REITS put together by Ivan Ho CFA, CAIA, CMFAS, Hon(BBA) - to get another 51 pages sign up here and to get the full 109 pages and check out the course click on this link. Copyright © [...]
The Robin Hood Conference is one of the top investment conferences of the year. While the gathering is closed to media (besides CNBC and/or Bloomberg) ValueWalk has some reliable sources who will enable us to provide coverage of the event. The conference has a real all star line up [...]
Nonprofit hospitals - When a nonprofit organization pays its CEO $5 million a year, it's pretty obvious someone is profiting a lot, and that something is wrong. That was the situation in a (more…)
Chinese Yuan Back in early 2013, we started to notice a prominent trend - hedge funds in both public and private communications started to talk more and more about short yen and less and less about being long Apple. What we noted anecdotally turned out to be around the point when short yen [...]
What could go wrong? CDOs are coming back. Collateralized debt obligations, the financial instrument that almost led to the downfall of the global financial system in 2007 and 2008, are being revived by a number of hedge funds including StoneCastle Financial and EJF Capital. In reality, CDOs are just a fancy [...]
It looks like Uncle Sam may come to the rescue of Puerto Rico after all, although not with a cash bailout. (more…)
Not very long ago, Petrobras was offering (anyone foolish enough to buy) 100 year bonds. How much can change in less than a year! Extremely low crude oil prices continue to take a serious toll on firms in the global energy sector. Related to this and a giant corruption scandal, [...]
Billionaire Paul Singer, founder of hedge fund firm Elliott Management and one of the most disliked people in the world, hammered central bank monetary policy at a conference in Israel on Wednesday. Making his controversial comments at the first ever (more…)
A June 22nd blog from Knowledge@Wharton highlights a number of signs pointing to a developing tech start up bubble. The piece also provides some insights from professional investors, some of whom are currently unloading their tech start up firm shares anticipating a correction. For starters, pre-IPO firms including Uber, Airbnb [...]
According to a recent report from BMO Capital Markets, the banking sector in Canada is finally reaching the level of consumer auto loans it saw before the 2008 financial crisis, an area of possible concern going forward. BMO Capital Markets Tom MacKinnon and colleagues offer support for their case by [...]
Billionaire octogenarian George Soros has a unique perspective on global affairs. Having survived the Nazi era in Europe, and having learned the ins and outs of international business and politics in five decades in the financial sector, all filtered through a thoughtful, progressive moral perspective has given Soros a [...]
Despite commodity and bond market headwinds, Citadel's Ken Griffin topped hedge fund managers with $1.3 billion in compensation in 2014
A recent report from Nomura Markets Research highlights several structural issues that are challenging portfolio managers in volatile and unpredictable financial markets today. Inigo Fraser-Jenkins and her team of quantitative strategy specialists argue point out that not only do portfolio managers have to deal with compressed multiples in a low [...]
Russian state-controlled VTB Bank, the second largest financial institution in the country, received the first installment of a $250 billion ruble bailout from the Russian government on Monday. The bank confirmed that it had received 100 billion rubles from the nation's national welfare fund to shore up its balance [...]
Equity research firm and fraud detectives Anonymous Analytics has exposed a number of companies with fraudulent business practices in the past, and they currently have their sights set on the Tianhe Chemicals Group Ltd (HKG:1619). Anonymous Analytics first noted potential fraud with Tianhe -- which just IPOed on the [...]
Richard X. Bove, vice president of equity research financial sector at Rafferty, highlighted shifts in bank valuation methods. He explained that variables used to evaluate banks have shifted from earnings to tangible book value and most recently to return on equity. Bove also studied the relationship between price to [...]
Bloomberg reports that billionaire Paul Singer, the hedge fund founder seeking to collect on more than $1.5 billion in judgments over Argentina’s defaulted bonds, has been granted permission by a Las Vegas judge to receive access to information about Nevada-based assets of Argentine businessman Lazaro Baez. Baez is accused [...]
Chinese companies now hold $14.2 trillion dollars, more than even their American counterparts. On top of this, Hong Kong based companies own an additional $571 million. This companies with the $13.1 trillion dollars held by American companies. With the Chinese economy slowing down, however, these high debt levels could [...]
The most recent edition of Societe Generale's investment newsletter Global Strategy Weekly is titled "Smoke and mirrors stop us seeing a slump in US profits." In the report, Societe Generale lead analyst Albert Edwards highlights that the recent slump in economic profits in the U.S. could be auguring the [...]
Nothing goes up forever, not even the price of Chinese real estate. According to an article published today, May 13th, in the New York Times, the 20-year-long Chinese real estate bubble is (more…)
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