Salient to Investors: Private-equity firms, struggling with slumping demand for IPOs are instead turning to private-to-private sales as a sluggish economic recovery saps demand for IPOs. Global IPOs fell in Q3 to the second-lowest level since the financial crisis. Private-equity returns are falling. Secondary deals don’t bring the payoffs from IPOs or sales to
READ MORE... →Salient to Investors: Mao Sheng at Huaxi Securities said investors see a clearer direction and roadmap for government reforms. The OECD said as many as 300 million people will move from the countryside to the cities by 2030. The proportion of China’s population in cities rose to 51 percent by the
READ MORE... →Salient to Investors: Bill Gross at Pimco recommended TIPS and said to avoid longer-term maturity Treasuries because central bank policies will spur growth that will lead to higher costs in the economy. Yoshiyuki Suzuki at Fukoku Mutual Life said that while in the short term, bonds are a safe haven, longer-term yields are not enough because inflation is an
READ MORE... →Salient to Investors: Abdul Kadir Hussain at Mashreq Capital DIFC said fixed-income returns in the Gulf region may drop by half to between 4 percent and 6 percent in 2013 because 3 years is a long time to have a rally and valuations are priced to perfection – the last time they were this high was in 2006 or
READ MORE... →Salient to Investors: Kevin McCarthy at Midstream/Energy Fund said: the industry will increase profit in 2013, as the drilling boom in U.S. shale fields creates a need for more pipelines, processing plants and compressor stations. the development of unconventional fields is a multi-decade process. his top investments are general partners because that way you get
READ MORE... →Salient to Investors: Ted Farris at Dorsey & Whitney said more US-listed Chinese companies are under threat of going private or being delisted after US regulators accused accounting firms’ affiliates of blocking probes into potential fraud. The Bloomberg Chinese Reverse Mergers Index has lost 60 percent over the past two years.
READ MORE... →Salient to Investors: A Bloomberg Government study says $4 trillion of spending cuts and tax increases over 10 years envisioned by Democrats and Republicans would be inadequate as a long-term fix – $6 trillion in deficit reduction will be needed in the next decade as a minimum down payment for a sounder fiscal footing.
READ MORE... →Salient to Investors: Robert Gates said: While ground forces will undoubtedly get smaller, we must not get fixed on the idea that high technology is the only answer to military challenges. “No matter how a war starts it always ends in mud” – General Stillwell WWII Pentagon bureaucracy is structured to plan for
READ MORE... →Salient to Investors: John Paulson at Paulson & Co. said he has reduced bets that the EU sovereign-debt crisis would worsen following ECB comments in July that it was committed to preserving the euro. Paulson said the recovery in housing is a bright spot in the U.S. economy. Read the full article at http://www.bloomberg.com/news/2012-12-04/paulson-said-to-blame-bet-against-europe-for-most-of-loss.html
READ MORE... →Salient to Investors: Joshua Shapiro at Maria Fiorini Ramirez the US economy will grow 1.5 percent in 2013. monetary policy is having a limited near-term impact on growth the $1 trillion U.S. fiscal deficit is an important drag on future expansion. adjustments that affect the economy are all very long-term and are
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