Buy side Archive

Mar 27, 2020
Fund manager profile: 'Forget EPS – focus on the customer'
Founded in 1993, Brown Advisory is an independent investment management firm with offices in the US, London and Singapore. With assets under management of $81 bn, the firm manages assets for both private and institutional clients. The London office opened in 2008 and is where the portfolio managers of the Global Leaders Strategy ($955 mn) and the Global Leaders Sustainable UCITS Fund, which was launched in November 2019, are based. Bertie Thomson and Mick Dillon are the co...
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Mar 25, 2020
Drawing the short straw: How IR responds to short reports
Less than one month after SmileDirectClub’s IPO, an 8,000-word short-report was published about the company. The report was damning: it included analysis of the company’s financials, alleged that the company had a significant number of Better Business Bureau complaints, published screenshots of negative social media comments and suggested that the CEO had personally profited by selling the company his private plane. The publisher, Hindenburg Research, acknowledged in a...
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Mar 25, 2020
IR papers: Do investors look at job postings?
Ensure you make the right impression with your human capital Human capital, arguably a modern firm’s most valuable asset, gets scant attention in financial disclosures. US companies are required to report little more than the number of people they employ each year. But a recent academic study suggests that investors are bypassing stingy investor relations channels and using high-tech tools designed to reap data from online job postings – ...
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Mar 17, 2020
Ticker 113: How IR teams should manage short-sellers
This episode of The Ticker podcast comes to you from the Citadel Securities trading post on the floor of the NYSE.  IR Magazine’s Jeff Cossette talks with Laura Kiernan, founder and CEO of High Touch IR, an IR consultancy, about how short-selling works and how IR teams should respond to it. Listen to the podcast recording below > ...
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Mar 06, 2020
Increasing number of investors vote against FTSE 250 pay deals
Around a quarter of FTSE All-Share companies were subject to shareholder discontent and appeared on the Investment Association’s (IA) Public Register in 2019, with a high percentage of shareholder votes opposing FTSE 250 companies’ remuneration packages during last year’s proxy season, reveals the association. The register records whenever there is at least 20 percent of shares voted against a corporate board decision at an annual general meeting or general me...
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Mar 03, 2020
‘Communications gap’ between companies and investors leaves door open to activists, says survey
Close to half of investors do not proactively engage with the management of companies they invest in or follow, creating a ‘communications gap’ that could be exploited by activist investors, according to new research.  Just 55 percent of investors surveyed by the Boston Consulting Group (BCG) would describe their engagement approach as ‘active’, while only 57 percent say they would feel comfortable speaking directly to management about any frustrations they...
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Feb 05, 2020
Shaping Trillium’s plans for 2020
Trillium filed nine board or executive diversity proposals in 2019, up from four last year. What’s behind that focus? These shareholder proposals on executive team diversity were the first of their kind to be filed. This first effort was a proof of concept to see what the results and outcomes would be, and we thought it was very positive both in terms of companies making commitments to improve diversity and, when we did need to go to a vote, getti...
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Jan 28, 2020
Another bad year for hedge funds sees closures and outflows
The hedge fund industry suffered another difficult year in 2019 with continuing fund closures and significant outflows, according to new research. Last year the total number of hedge funds declined for the fifth straight year to 9,448, with 540 closures compared with 391 launches, reports HFR, a data and research firm.  Investors also pulled a net $43.1 bn from hedge funds during 2019, marking the second consecutive year of outflows and bringing the net amou...
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Jan 22, 2020
Opinion: How companies should interpret Larry Fink’s letter
Rather than getting caught up in a debate over fiduciary duty or whether or not sustainability or ESG performance is material, let’s just cut to the chase on the latest BlackRock letter. It’s still a company’s choice whether to disclose ESG information. If your company is selling a product or a service, you are obviously responding to customer demands and interests. So what about customers buying your stock? If they are increasingly asking for ESG information, how do...
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