Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
South African Fund Companies, Disinvestments Increasing
September 3, 2009
gold and the south african market | www.investmentsforlife.co.za
Noticeably more and more consumers are withdrawing their funds from traditional group schemes such as Pension and Provident Funds. The main reason for that is due to non compliance to contract obligations on no return on investment.
Buyer Beware - Distressed Debt Investing is a Different Game this Time
September 2, 2009
BT Pension fund plans distressed debt investments | uk.reuters.com
Many institutions, endowments and pension plans are considered increasing their investments in distressed debt. However, despite many managers showing excellent returns in the space in the past, the current distressed debt cycle could be very different, and returns could be disappointing for those electing to invest in the space in the traditional manner.
The reasons for an Acquisition Aren't Always Apparent
September 1, 2009
eBay Inc. Signs Definitive Agreement to Sell Skype in Deal Valuing Communications Business at $2.75 Billion | news.moneycentral.msn.com
eBay just agreed to sell 65% of Skype to private investors. Because Skype has been around for several years and has not preformed as expected, we have to ask "why invest?"
Money Market Mutual Funds Should Continue To Worry Investors
August 26, 2009
Volcker Says Money-Market Funds Weaken U.S. Financial System | www.bloomberg.com
Money market mutual funds should continue to worry investors, as they were at the very heart of the sub-prime crisis that caused our financial markets to melt down not once, but three times over the last two years. Paul Volcker, the former Federal Reserve Chairman, was interviewed by Bloomberg News and his comments are very newsworthy, but money-markets are not a "sexy" segment of the financial markets, so the media will likely ignore his warnings. His warnings need to be heeded.
August 21, 2009
Venture capital industry sees glimmers of hope but is still in a deep slump | www.mercurynews.com
There's not much in the news about the health of FC firms. They are getting squeezed from low investment activity, reduced valuation on portfolio companies, and very little fund raising activity. Large public companies like IBM, Cisco, and Microsoft are turning a renewed eye towards monitoring private companies' health. The VC firms who are working with the pro-acquisition companies could be at an advantage when the clouds part.
Private market is peaking out from its shell
August 20, 2009
Investors eye top startups as IPO market awakens | www.reuters.com
While the public markets have shown signs of life, pressure is being placed on VC firms to invest and private companies in a position to go public. Don't expect too much activity until the economy improves.
August 20, 2009
Barclays investors seal BGI deal | uk.reuters.com
Financial institution acquisitions are different from strategic purchases. For banks to acquire, they are looking to expand geographically . The synergies are typically overhead and overlap in costs. If the cuts are too deep, in this case pension, tension among the newly acquired personnel can get tight. This could cause a loss of business should employees decide to leave.
There is less than meets the eye in this hoopla about SWFs!
August 18, 2009
New sovereign funds to emerge as crisis eases | uk.reuters.com
Doubling of money managed by SWF in ten years is just 7 per cent more pa on average and that is both from return on investment and additional funds. So how rapid is it really and how good a return is it? In both cases, not very. Are SWFs really going to invest in risky assets on those assumptions of returns? Not really, especially given their losses in stock markets and alternative investments since 07.
August 18, 2009
Europe's buyout firms eye IPOs | uk.reuters.com
The IPO days from 20 years ago glamorized the industry. Having the power and punch to launch a successful IPO and realize a first day return is limited to a select few companies in this market. Private companies whose sole exit strategy is an IPO are setting the stage for risky investments.
August 18, 2009
HIG Capital sees potential in European distress | uk.reuters.com
As the market looks to better days in the economy, VC firms are looking for ways to invest in the private sector. Replacing debt for those companies in a position to rebound is a strategy with many pluses, but unfortunately the field for candidates, both buyers and sellers, are very limited.
Mutual Fund and Brokerage Industries Brace for Upcoming Regulatory Changes
November 13, 2009
Big Impact on Mutual Fund and Annuity Sales By Advisors
November 9, 2009
US-based Hedge Funds Should Consider Offering UCITs Funds
October 13, 2009
What is making the gold price rise - Part 1 - Investment Demand
September 18, 2009
Money Market Mutual Funds Should Continue To Worry Investors
August 26, 2009