LPs as well
as fund managers describe an auction environment in which targets are going for near - record multiples of cash flow.
Not exact matches
Valeant's spectacular returns have attracted high - profile investors like hedge
fund manager Bill Ackman, who admiringly
described Pearson
as an «outsider CEO» in a 2014 note to shareholders.
NEW YORK, March 6 - Citadel, one of the world's largest hedge
fund managers, has cut staff by more than 30 percent in one of its stock - picking units in what several people with direct knowledge of the layoffs
described as a surprise move.
Gervais Williams, the
fund's
manager,
describes this
as a bottom - up investment approach, identifying companies based on their fundamentals, e.g., cash flow, income and growth prospects.
If you read the business pages or investment in mutual
funds you will often hear portfolio
managers described as «bottoms up investors» or «top down» in their investment approach.
It seems
as though it's common for active
fund managers to
describe their performance in a way that favors their active strategies over an index
fund investing approach.
It is produced by the same people who made the Enron film and the
fund manager can be seen in The China Hustle's trailer
describing the proliferation of Chinese equity market frauds
as the largest financial crime in the last 25 years.
On the one hand, the
manager (
described on the firm's Linked - In page
as «an industry visionary») is a good steward: almost all of the money in the
fund is his own (over $ 1 million of $ 1.8 million), he doesn't get paid to manage it, his Simply Distribute Foundation helps
fund children's hospitals and build orphanages.
He jumped from the traditional
fund market to a cryptocurrency index -
fund manager, a market he
described to Bloomberg
as a «generationally significant opportunity with interesting challenges.»