Private Equity’s $36 Billion Retail Bet Not Going So Well – Bloomberg 03-15-13

Salient to Investors: The private-equity investment of $36 billion in US brick-and-mortar retailers before the recession in 2007 has not turned out well. Of the 8 largest retail private-equity buyouts during that period, only Dollar General has gone public Leon Nicholas at Kantar Retail said there is nothing special about

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Gold Sales From Soros Reveal 12-Year Bull Run Decay: Commodities – Bloomberg 03-12-13

Salient to Investors: Investors sold $5.4 billion of gold ETFs in February, the most since their creation in 2003. Credit Suisse and Barclays say the 12-year gold rally will peak in 2013. Credit Suisse said gold is significantly overvalued and unlikely to return to its September 2011 record of $1,921.15.

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Hedge Funds Boost Stock Bets to ’07 High, Goldman Says – Bloomberg 02-21-13

Salient to Investors: Amanda Sneider and David Kostin at Goldman Sachs said: Net long exposure to stocks in hedge funds rose to 52 percent in Q4 2012, matching the 10-year high reached in Q1 2007. AIG became the most-held position, Apple fell to third place. Hedge funds notably reduced holdings of Apple and gold

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Buyout-Boom Shakeout Seen Leaving One in Four to Starve Bloomberg 02-11-13

Salient to Investors: 4,500 private equity firms manage $3 trillion in assets. Preqin said as many as 708 firms face deadlines through 2015 to replenish their funds for future deals to avoid reduced fee income when the investment periods on older funds run out, typically after 5 years. Preqin said many venture capital

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JPMorgan Joins Rental Rush For Wealthy Clients: Mortgages – Bloomberg 02-04-13

Salient to Investors: JPMorgan Chase Private Bank put individuals and families with more than $5 million into a partnership that bought over 5,000 single family homes to rent in Florida, Arizona, Nevada and California. David Lyon at JPMorgan said investors can expect returns of up to 8 percent annually from rental income as well

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Endowment Returns Fail to Keep Pace with College Spending – Bloomberg 01-31-13

Salient to Investors: Commonfund and the NACUBO said US university endowments lost on average 0.3 percent in the year ended June 30 after gaining 19.2 percent a year earlier. Over a third of the schools reported receiving less in donations than a year earlier. Harvard’s endowment fell 4.1 percent, Yale’s less than 1

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Copper Seen Extending Rally With China Accelerating: Commodities – Bloomberg 01-25-13

Salient to Investors: Copper traders are bullish for a third consecutive week on the fastest expansion in Chinese manufacturing in two years. ETF Securities said $28 million went into its ETFS Physical Copper ETP last week, the most since its introduction in 2010. Barclays said China consumes 42 percent of the world’s copper,

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