The Anatomy of a Closed-End Fund
When looking for ways to invest internationally, the amount of choices can be daunting. Closed-end funds can be an efficient way to gain exposure to international regions.
“Home bias” can sizably limit an investor’s portfolio by reducing its ability to capture additional sources of return.
Prospect Capital (PSEC) is targeting spin-offs in order to raise capital to be redeployed in asset classes yielding higher returns.
Hedge Funds Bagged 24.4% Return from Investing in Latin America
Latin America had reaped a 24.4% return for the year up to July 2016 for hedge funds invested in the region.
Hedge funds assets invested in emerging markets rose by $4.7 billion in the second quarter to end 2Q16 at a total of $189.8 billion.
According to a 13F filing, Third Point lowered its position in the Dow Chemical Company (DOW).
How Wall Street Analysts View Alternative Asset Managers
Six of 14 analysts currently covering Blackstone stock gave “strong buy” ratings. Six analysts gave “buy” ratings, and the remaining two analysts gave “hold” ratings.
Carlyle Group’s Private Equity division has generated net performance fees of $638 million on an LTM basis.
Blackstone’s price-to-book ratio stood at ~3.1x, and Carlyle Group’s price-to-book ratio stood at 4.5x.
Post Properties and Mid-America: Exceptions in the MAE Clause
Pretty much anything that has a material adverse effect on a company will be considered an MAE, although there are exceptions to that rule.
We’ll look at the MAE clause of the Post Properties and Mid-America Apartment merger agreement. We’ll see how Mid-America could walk away from the deal.
In the merger deal between Post Properties and Mid-America, the MAE clause lays out the circumstances under which Mid-America can terminate the merger.