Salient to Investors: Mike Ryan at UBS Wealth Mgmt Americas said 76% of 2,056 wealthy investors surveyed are very worried about Washington, 33% are worried by volatility, Europe, and financial markets, and 36% have faith the government will accomplish more in 2013. Ryan said the investors were neither euphoric nor despondent – 56%
READ MORE... →Salient to Investors: Martin Rothe at Altradis Capital writes: Most hedge fund strategies still largely depend on stock market performance and those not incorporating equities haven’t lived up to their promises. A strategy’s historical return may not necessarily predict future returns, but selecting strategies with distinct return distributions makes it
READ MORE... →Salient to Investors: Jack Ablin at BMO Private Bank said the economic head start helps build a nice story for 2013. 71 percent of the 52 S&P 500 companies so far reported have beat analysts forecasts. Laszlo Birinyi said he purchased options to bet the S&P 500 will rise more than 8 percent by the
READ MORE... →Salient to Investors: Hedge Fund Research said $3.8 billion went into activist funds in 2012 versus $1.8 billion in 2010. Factset Research Systems said shareholder activists started 219 campaigns in 2012 versus, up 22 percent from 2011 and the most since 2008. Patrick Ramsey at Bank of America said we have seen a
READ MORE... →Salient to Investors: Legg Mason is folding Bill Miller’s Legg Mason Capital Management division into its ClearBridge Investments equity unit as assets have tumbled and as it tries to reverse five years of client redemptions. Assets at Legg Mason Capital Management have fallen to $7 billion from a peak of $70 billion
READ MORE... →Salient to Investors: Analysts expect dividend payouts in the Euro Stoxx 50 Index will fall by 3.3 percent in 2013, cutting the dividend yield to 4.3 percent from 6.3 percent in September 2011. John Bilton at Bank of America Merrill Lynch said within Europe, excess cash on balance sheets attracts investors –
READ MORE... →Salient to Investors: Manchester United.signed a sponsorship deal with Hangzhou Wahaha, and with China Construction Bank, which will issue Manchester United-branded credit cards in China. Soccer is the most-played sport in China. Read the full article at http://www.bloomberg.com/news/2013-01-15/manchester-united-signs-sponsorship-deal-with-wahaha.html. Free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: The push for weaker currencies is being driven by a need to find new sources of economic growth as monetary and fiscal policies run out of room. Chris Turner at ING said yesterday will go down as the first day European policy makers fired a shot in the
READ MORE... →Salient to Investors: John Hawksworth at PWC said Russian GDP may overtake Germany’s by 2020, driven by strength in natural resource sectors, but then face declining growth in a decade because of an aging population and shrinking workforce. Hawksworth said Russia’s economy is projected to fall back to sixth place in purchasing
READ MORE... →Salient to Investors: International purchases of U.S. stocks, bonds and other financial assets were more than twice as much as forecast in November as investors sought shelter from a global economic slowdown. Millan Mulraine at TD Securities sees further inflows. The World Bank projects the world economy to grow 2.4 percent in 2013 versus a June
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