Blackrock rides rising stock market to exceed forecasts
The world’s biggest money manager beat market expectations yesterday as rising equities lifted Blackrock’s assets under management to a record high. Higher levels of activity in the stock market helped to boost the group’s profits by a fifth. Adjusted net quarterly income reached $1.57 billion, up from $1.31 billion in the quarter to December 31, […]
A Large Cogeco Shareholder Reduces Its Position
PSP SELLS COGECO FOR $ 20 MILLION Cogeco’s third largest shareholder, the federal institution PSP Investments, sold about $ 20 million in shares of the telecommunications company in December. Remember that the Audet family, which controls Cogeco, rejected last fall a purchase offer of more than $ 10 billion filed by Altice USA and Rogers. […]
GPG investors targeted by scammers
Investors in the failed German Property Group have been targeted by a scam letter inviting them to make a claim on their investment. The letter, sent earlier this month, stated the group had been able to sell some of its assets to a private equity investor and was making available £280m to claim on a […]
LDC to back growth ambitions of South West Management teams
Mid-market investment firm LDC has committed to supporting the growth ambitions of management teams across the South West. The firm, which marks its 40th anniversary in 2021, said the private equity industry had a “unique opportunity” to accelerate the UK’s economic recovery in the coming decade. Speaking as LDC provided an annual summary of its […]
Hamilton Lane launches new fund to expand access to private markets for individual US investors
Private markets investment management firm Hamilton Lane has launched the Hamilton Lane Private Assets Fund (PAF), a closed-end investment vehicle registered under the Securities Act of 1933 and the Investment Company Act of 1940 (’40 Act). This registration makes the Fund more widely available to qualified US clients, including certain high-net-worth (HNW) investors and their […]
Inflation Might Be The Most Important Market Factor In 2021
The run into the new year is usually congested with rafts of forecasts from economists and strategists as to where markets might go and, what the economic outlook could look like. To a large degree any prognostications on shocks and surprises through 2021 have been made redundant by the drama and tragedy of 2020. Whatever […]
Dizzying Valuations, IPO Craze Tick Boxes on Bubble Checklist
The IPO market is manic. Stocks haven’t been this expensive since the dot-com era. The Nasdaq 100 has doubled in two years, leaving its valuation bloated — all while volatility remains stubbornly high. It’s a setup that’s left investors sitting on fat returns from 2020, a year that defied easy explanation. It’s also one that […]
The unicorn billions created by Silicon Valley during the pandemic year of 2020
Public and private markets raced through the pandemic, and many of the breakout IPOs and newly enriched start-ups also raced above it — in the cloud. The software boom of 2020 found an unlikely and gruesome tailwind in Covid-19, and it has been the talk of Wall Street and Silicon Valley. DocuSign, Zoom Video Communications, […]
Rational bubble puts markets on high starting point for 2021
While investors appear bullish, some wobbles in equity markets should be expected in year ahead After navigating a global pandemic, financial markets begin 2021 with a case of déjà vu. Just like 12 months ago, bonds and equities are kicking off January at expensive starting levels. The human and economic toll of Covid-19 has left […]
US oil industry awaits new era under Biden
Some producers fear green energy push but others remain sanguine after mixed results from Trump In April 2018, with oil prices near a three-year high of $75 a barrel, Opec ministers gathering in Jeddah were buoyant. Then US president Donald Trump sent a tweet: “Looks like Opec is at it again. With record amounts of […]
