Buy side Archive

Jun 15, 2021
Bullish investors say inflation only transitory, finds survey
Investors are positioned for ‘permanent growth’ and see the current inflation spike as only temporary, according to a survey of global fund managers by Bank of America (BofA). The research, which polled 207 investors with $645 bn in assets under management, finds money managers in a bullish mood with cash levels at 3.9 percent, down from 4.1 percent the previous month. The findings suggest investors are – for now, at least – sanguine about the potenti...
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Jun 15, 2021
The debate over dual-class shares in the UK
The principle of ‘one share, one vote’ is long cherished by the UK investment community. Under current Financial Conduct Authority (FCA) rules, companies cannot be included on the premium segment of the London Stock Exchange (LSE) – the gold standard for corporate governance – if they have dual-class shares. Such companies also miss out on inclusion in key indexes such as the FTSE 100. But London’s struggle to attract IPOs has forced a rethink. A governmen...
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Jun 10, 2021
Regnan: A growing impact investor
Tim Crockford is head of equity impact solutions at Regnan, the responsible investment business affiliated with UK-headquartered J O Hambro Capital Management. Crockford leads a four-strong investment team, including Mohsin Ahmad, Maxine Wille and Maxime Le Floch. The team launched and ran the Hermes Impact Opportunities Fund until 201...
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Jun 09, 2021
Tech talk: Are new ways of going public benefitting retail investors?
In just a few minutes and with a few clicks of its app, UK customers of food-delivery firm Deliveroo could apply for shares – starting at a £250 ($353) commitment and going up in increments to a maximum of £1,000 – ahead of its March listing in London. The IPO was ultimately the worst in London history, with the share price falling as much as 31 percent, but among the many headlines the company generated was the fact that it had allocated £50 mn worth of shar...
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May 25, 2021
Good company, bad investment: The thinking behind investor decisions
The executives of listed companies are often so convinced of the greatness of their management and strategy that they always see value in their company. Given this, it can be difficult for them to understand why an investor doesn’t buy a stock – or chooses to sell it. The work of investors isn’t to decide whether a company is good or bad, or whether they like the executives. Their work is to discern whether buying that share will generate returns. By understan...
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May 19, 2021
Four IR tips to avoid short-termism
‘Investors should purchase stocks like they purchase groceries, not like they purchase perfume,’ wrote renowned investor Benjamin Graham. And yet many self-professed ‘fundamental investors’ fail to take an active interest in what fundamentally drives the businesses they own; they’re far more interested in the next two years than the next 20. This can create unnecessary tension and uncertainty, ultimately manifesting in a depressed valuation for the company in que...
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May 17, 2021
Taiwan Stock Exchange underlines fundamentals to reassure investors
The Taiwan Stock Exchange (TWSE) has said ‘strong economic fundamentals remain intact’ and trading will not be interrupted in a bid to calm investors’ nerves following a major sell-off in shares. The market volatility prompted TWSE to release a statement on Sunday addressing a range of topics, from the country’s Covid-19 response to economic growth and c...
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May 07, 2021
The week in investor relations: Pay revolt at Rio Tinto, EU clamps down on foreign subsidies and skepticism over climate pledges
– Rio Tinto suffered a shareholder revolt with 61 percent of votes cast against the miner’s executive compensation package at the AGM, reported the BBC. The rebellion follows the destruction of sacred rock in Western Australia last year, which led to several executives, including former  CEO Jean-Sébastien Jacques Jacques, stepping down. ‘The board acknowledges that the executive pay outcomes ...
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Apr 26, 2021
Australian investor group targets boards over climate-related risks
Australian companies are set to come under greater pressure over climate change after a major investor group released new expectations for boards covering disclosure, scenario planning and advocacy. The Australian Council of Superannuation Investors (ACSI), which represents 36 investment firms that together manage around 10 percent of each ASX 200 member, has published a list of requirements for companies that face ‘material climate-related risks’. The mo...
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Apr 20, 2021
European Super League: Amid widespread outcry, investors cheer
The announcement of a new European Super League (ESL) by 12 soccer clubs has been greeted with widespread opposition.  A range of players, coaches, national football associations and even world leaders have voiced opposition, with many complaints saying the plans go against the spirit of open competition and are motivated by greed.  But one group appears to be cheering in support: investors. Two of the founding clubs are quoted on the stock market, and thei...
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