Individuals And Institutions Split On Benefits Of ESG Investing
Individuals believe the environmental, social, and ethical records of the companies they invest in are important, said Natixis, while professionals at institutions and within “the investment community” were more sceptical about the efficacy of these strategies, for example having concerns about performance measurement.
Saudi Investment Helps Solidify Long Thesis For Blackstone
Shares of Blackstone Group LP (NYSE: BX) gained more than 6 percent on Monday and hit a new 52-week high of $32.10 after the company successfully raised $20 billion for an infrastructure fund. Latest Ratings for BX DateFirmActionFromTo May 2017CitigroupUpgradesNeutralBuy Oct 2016BarclaysMaintainsOverweight Aug 2016BarclaysMaintainsOverweight
PivotalPath Expands Hedge Fund Manager Ratings
PivotalPath, a technology-driven hedge fund investment consultant, has launched Quality of Performance (PQP), a proprietary quantitative manager rating system across 1,300-plus hedge funds, located on its technology platform, PivotalBase.
Resurgent Man Group Teed Up For Further Rally
Man Group reported stunning first-quarter numbers, smashing expectations.David Brenchleyfinds how the stock can make a new high after a testing two years.ArticleAnalysis and CommentaryiiDavid BrenchleyTop NewsTechnical Analysis (Markets)Broker Ratings & Views (Markets)Earnings (Companies)read more
Einhorn's Greenlight Claims GM Misled Credit Raters On Stock
Billionaire David Einhorn’s Greenlight Capital doubled down on its pitch for new General Motors Co. dividend shares, saying the carmaker misrepresented the hedge fund’s proposal for a stock split. GM presented “a one-sided and flawed analysis” to ratings companies, Vinit Sethi, a Greenlight partner and director of research, said in a statement. Underwhelmed by GM’s returns as a shareholder since 2011, Greenlight has nominated Sethi to serve as a director, along with private-equity firm executives Leo Hindery and William Thorndike. “To ensure the GM board objectively considers our plan and to look after the best interests of shareholders, we are nominating...
Fitch Found A Key Formula To Protect Banks From Being Burned If There's A Commercial Property Crash
LONDON — Fitch Ratings has found a way for banks to safeguard themselves from heavy losses should the commercial property market crash. Naturally, the greater percentage a bank lends towards a property, the greater risk the bank takes on. When it comes to commercial property — anything from offices to shops — in a major market downturn, it can be doubly risky because commercial real estate (CRE) owners can run up millions upon millions in debt, and if a business goes bust, it will not be able to pay its bills.
Seth Klarman's Thoughts On Investing Risk In The Trump Era
Seth Klarman, the billionaire manager of hedge fund Baupost Group, recently penned a letter to investors that included his thoughts on President Donald Trump's potential impact on financial markets. Latest Ratings for LNG DateFirmActionFromTo Oct 2016Credit SuisseAssumesOutperform Sep 2016BarclaysMaintainsOverweight Jun 2016Wolfe ResearchInitiates Coverage onOutperform
The Great Texas Pension Fix
When Houston Mayor Sylvester Turner took office last year, he inherited a sweeping pension crisis. The city had an unfunded liability of $5.6 billion, a figure representing Houston’s obligations to its fire, police, and municipal pension systems.Then it got worse: After he took office and got a closer look at the books, Turner saw the revised figure—$7.8 billion.Pensions are the storm clouds on the horizon that threaten to wash out the so-calledTexas Miracle, the wave of new jobs that kept the Lone Star State afloat through the Great Recession. Taken together, the four largest cities in Texas—Houston, Dallas, Austin, and San Antonio—owe more than $22 billion in pension shortfalls.
Olaf Carlson-Wee's Polychain Raises Money From Union Square Ventures
A 27-year-old has raised $10 million for an unusual hedge fund —
with the support of venture capitalists like Andreessen Horowitz
and Union Square Ventures....
100 Most Exciting Startups In New York City
A panel of 40 judges, including Business Insider's Henry Blodget and Karl-Theodor zu Guttenberg, chairman of Spitzer Partners, chose the finalists.