RECENT Active Management RESEARCH
T. Rowe Price (TROW), in line with other asset managers, saw a strong rebound in earnings during 3Q16. It posted diluted EPS of $1.28.
KKR & Company has seen a recovery after substantial losses in 1Q16. In 3Q16, it posted EPS of $0.71, beating Wall Street analyst estimates of $0.65.
While the demand for high yields has increased, the options for investors to obtain high yields are decreasing. Interest rates after the global economic crisis have been staggeringly low in economies around the world.
Ares Capital (ARCC) posted EPS (earnings per share) of $0.43, beating Wall Street analysts’ estimate of $0.39 in 3Q16.
In his November 2016 Insights newsletter, Richard Bernstein talked about the growing opportunity cost of investing in equities (SPHD) (VIG).
Prospect Capital (PSEC) reported fiscal 1Q17 EPS of $0.22—lower than the analyst estimates of $0.24. PSEC saw lower earnings on lower investment income.
The US stock market (ITOT), as represented by the S&P 500 (SPY), fell in October. This fall marked the third successive monthly decline for US equities.
Socially responsible investing is known by several terms, including sustainable investing, green investing, and ethical investing.
In this series, we’ll look at how 2016 has panned out for Europe-focused mutual funds so far. We’ll take an in-depth look at the portfolios of 12 funds and conduct attribution analysis to see which sectoral or stock picks helped or hurt these funds.
Worries about Brexit’s impact on US financial markets have given way to concerns about US elections. But so far in 2016, US stocks and funds have done well.
In Richard Bernstein Advisors’ October newsletter, Richard Bernstein noted that although the bull run in US stocks is in its seventh year, investors remain afraid of equities.
The US dollar is at more than a six-month high compared to its peers. Let’s take a look at the US Dollar Index, which weighs the dollar against seven major currencies.
Alternatives are positioned for improved performance in the second half of 2016 on rising equity valuations, stabilizing oil prices, and a recovery in metals.
Carlyle expects EPS of $0.44 in 3Q16. For the full year, analysts have revised earnings expectations up to $1.44 with an implied price-to-earnings of 10.8x.
BlackRock (BLK), the world’s largest asset manager, is expected to post earnings per share (or EPS) of $4.96 in 3Q16, 1% lower than the prior year’s quarter.
Blackstone is the world’s biggest alternative asset manager. The company has underperformed its peers in recent quarters due to the weak performance of its private equity holdings.
Closed-end asset managers (PSP) are expected to see higher interest costs on their leverage positions if there is a substantial hike by the Federal Reserve by the end of 2016. Portfolio yields are expected to remain stable, as the demand for quality borrowers is high among lenders.
KKR & Co. is expected to post earnings per share (or EPS) of $0.50 in 3Q16, compared to EPS of -$0.37 in 3Q15 and EPS of $0.23 in 2Q16.
Berkshire lost $1.4 billion in valuations after the scandal related to Wells Fargo (WFC) unearthed. Berkshire stock has fallen 3% over the past one week.
Prospect Capital is expected to post EPS of $0.24 in the September quarter—lower than the previous quarter and the corresponding quarter one year ago.