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India was the first country in Asia to raise rates to moderate the domestic effects of commodity inflation and the global economic recovery. Now that inflation has stabilized, India now looks to be first country to stop raising its policy rates, which should be positive for equities.
This call will review the general macro situation in India and evaluate what this means for equities. On a micro-level we will review the recent trends in inflation, production, consumption, as well as corporate earnings growth. On the macro side we will discuss larger issues like the fact that India is not an
Having languished in the doldrums since the global financial crisis, a revitalised private equity sector has recently begun putting smiles on the faces of investors, fund managers, and consultants alike. Existing funds are being deployed, new ones are being raised, and investor allocations to private equity are inching upward.
In an effort to better understand the perspectives of private equity participants, SEI, in partnership with Greenwich Associates, conducted a survey of 411 private equity fund managers, investors, and consultants in Europe, the United States and Asia.
Results are being released as a three-part series. Part one, The Logic of
The Securities and Exchange Commission (SEC) has charged two Florida men with operating a Ponzi scheme disguised as a purported private equity fund that fraudulently raised approximately USD22 million from more than 100 investors, many of whom were Florida teachers or retirees.
According to the SEC’s complaint filed in US District Court for the Middle District of Florida, James Davis Risher of Sanibel was responsible for handling the fund’s trading operations, and Daniel Joseph Sebastian of Lakeland distributed offering materials and solicited investors for the fund. Risher boasted to investors that he had substantial experience in trading equities and providing
Bendigo Partners has made a strategic investment in Akatsuki Financial Group, a Japan based mid-sized financial services firm, specialising in retail brokerage and asset management, with origins dating back over 130 years.
Bendigo is investing alongside Monex Group (ticker 8698, Tokyo Stock Exchange), a leading online financial services provider and Aeria Inc (ticker 3758, JASDAQ), a content and game developer and provider.
“The retail financial services industry in Japan is very fragmented and Bendigo and Akatsuki see opportunities for consolidation and the introduction of new strategies and products,” says Dominic Henderson, Bendigo’s lead partner in Japan and former Branch Manager
With sluggish returns projected for many asset classes, institutional investors are turning to private equity as a source of alpha, but expect greater transparency, reporting and risk management from managers, according to a global survey report released today by SEI in collaboration with Greenwich Associates.
The survey report, entitled “The Logic of Fund Flows, points to a need for private equity managers to demonstrate better reporting and risk-management measures to retain and gain assets among an increasingly demanding institutional investor base.
The survey, of more than 400 institutional investors, consultants, and fund managers, revealed that while more than
Continuing the trend seen over the last three quarters, the Cambridge Associates LLC Australia Private Equity and Venture Capital Index outperformed the S&P/ASX 300 Index over the one-, three- and five-year horizons as of the quarter ended 31 March, 2011, with annualised returns of 7.7%, 1.5% and 4.8% respectively.
Thanks to the strength of the Australian dollar, the Australian benchmarks are even more impressive in US dollar terms, with one-, three- and five-year annualised returns of 21.3%, 7.5% and 13.0% respectively.
Post-crisis investments in particular have continued to perform strongly. Funds from the 2008 vintage year, as well as Australian
Hazel Capital’s two new Renewable Energy VCTs closed to new investment on 10 August, raising GBP41.6 million which, according to Hazel, makes them the most successful ever launch by a new entrant to the market. Shares were allotted to investors on 12 August.
Christian Yates (pictured), partner at Hazel Capital, says: “When we constructed the Hazel Renewable Energy VCTs we were conscious that they should invest in a diversified portfolio of renewable energy projects and not focus on one area. This approach proved popular with advisers and investors many of whom also recognised that this could be their last
China’s economic rebalancing will stimulate higher-quality growth while creating new investment opportunities in consumption- and infrastructure-related areas, according to Mike Shiao (pictured), investment director at Invesco Hong Kong…
Demographic developments in the China are adding impetus to the government’s efforts to reduce the country’s dependence on external demand by shifting the growth composition towards domestic activities.
China’s rapid urbanisation and increasing numbers of university graduates entering the workforce have supported the government’s policies to transition to a more domestic-driven economy, with services taking a more prominent role as manufacturing activities fade. China’s rapid urbanisation has seen about 21 million people
Some 55% of companies that sought to make a transaction in the last 12 months failed to do so, according to BDO’s annul M&A survey, which polls the views of CEOs and Financial Directors of mid-market companies.
The survey fund that on average one transaction has been completed for every eight considered in the last 24 months, while 84% of businesses believe that mergers and acquisitions they have completed over the last 24 months have met or exceeded expectations.
In addition, acquisitions are being sought as drivers for growth; 85% of respondents have growth targets in excess of inflation, with
F&C Private Equity Trusts has reported a share price total return for the six months of 37.6% for the ordinary shares, one of the best-performing investment trusts regardless of sector.
The trust’s Net asset value total return for the ordinary shares was 8.3% over the same period, while the restricted voting shares saw net asset value total return of 15.4%.
Other key points of the trust’s half-yearly financial results include: realisations of GBP19m during the period, an increase of 60% over the first half of 2010; drawdowns and new investments of GBP14m during the period; and gearing on the Ordinary
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