This is always a debate among value investors: Is it better to look for
asset based investments like Graham / Schloss and other deep value school, or is it better to strive for great businesses at reasonable prices that are almost certain to compound intrinsic value over time?
This is the underlying basis for my valuation, but the market price illustrates how critical cashflow is with
an asset based investment.
Not exact matches
• White Oak Equity Partners acquired a minority interest in Blueshift
Asset Management, a Red Bank, N.J. -
based quantitative
investment firm focused on statistical arbitrage and high - frequency trading strategies.
What that means is that you are in an environment that is going to have further trouble in terms of
investment returns that are in areas that are
based on economic growth and areas that do relatively well like bonds... Broadly speaking, I think that investors should be looking for lower prices on most risk
assets in these developed countries with the exception of Japan.»
Chinese companies changing direction and expanding rapidly overseas should «raise red flags» to global investors, one
asset manager at a China -
based investment firm told CNBC.
Declining
assets generally mean less revenue for
investment managers, who earn a percentage
based on the value of the
investments.
• Hamilton Lane (NASDAQ: HLNE) acquired Real
Asset Portfolio Management, a Portland, Ore. -
based investment management firm.
Otto Energy says the sale of its Galoc oil field
assets in the Philippines to Singapore -
based energy company Risco Energy
Investments for $ 113.4 million will help fund exploration activities for two years and return capital to shareholders.
Sometimes known as «set it and forget it»
investments, these diversified funds automatically adjust their
asset allocation and risk exposure
based on your age and retirement horizon.
«KMI has many of the qualities Buffett looks for in his
investments, including stable, fee -
based assets which generate significant amounts of cash flow,» Morningstar Inc analyst Peggy Connerty said in an email, referring to Kinder Morgan's ticker.
The National Association of Real Estate
Investment Trusts («NAREIT») defines funds from operations («NAREIT FFO») as net income / (loss) attributable to common shareholders computed in accordance with generally accepted accounting principles in the United States («GAAP»), excluding gains or losses from sales of operating real estate
assets and change in control of interests, plus (i) depreciation and amortization of operating properties and (ii) impairment of depreciable real estate and in substance real estate equity
investments and (iii) after adjustments for unconsolidated partnerships and joint ventures calculated to reflect NAREIT FFO on the same
basis.
Golden Cup is a joint venture between Philippines -
based Jollibee Worldwide Pte Ltd. and Jasmine
Asset Holding Ltd., a wholly owned subsidiary of
investment fund RRJ Capital Master Fund II, L.P.
Singapore is firming as a significant source of capital for Perth -
based property players, as developers and private equity fund managers from the South - East Asian country increasingly look for Western Australian
assets to add to their
investment portfolios.
Actual results, including with respect to our targets and prospects, could differ materially due to a number of factors, including the risk that we may not obtain sufficient orders to achieve our targeted revenues; price competition in key markets; the risk that we or our channel partners are not able to develop and expand customer
bases and accurately anticipate demand from end customers, which can result in increased inventory and reduced orders as we experience wide fluctuations in supply and demand; the risk that our commercial Lighting Products results will continue to suffer if new issues arise regarding issues related to product quality for this business; the risk that we may experience production difficulties that preclude us from shipping sufficient quantities to meet customer orders or that result in higher production costs and lower margins; our ability to lower costs; the risk that our results will suffer if we are unable to balance fluctuations in customer demand and capacity, including bringing on additional capacity on a timely
basis to meet customer demand; the risk that longer manufacturing lead times may cause customers to fulfill their orders with a competitor's products instead; the risk that the economic and political uncertainty caused by the proposed tariffs by the United States on Chinese goods, and any corresponding Chinese tariffs in response, may negatively impact demand for our products; product mix; risks associated with the ramp - up of production of our new products, and our entry into new business channels different from those in which we have historically operated; the risk that customers do not maintain their favorable perception of our brand and products, resulting in lower demand for our products; the risk that our products fail to perform or fail to meet customer requirements or expectations, resulting in significant additional costs, including costs associated with warranty returns or the potential recall of our products; ongoing uncertainty in global economic conditions, infrastructure development or customer demand that could negatively affect product demand, collectability of receivables and other related matters as consumers and businesses may defer purchases or payments, or default on payments; risks resulting from the concentration of our business among few customers, including the risk that customers may reduce or cancel orders or fail to honor purchase commitments; the risk that we are not able to enter into acceptable contractual arrangements with the significant customers of the acquired Infineon RF Power business or otherwise not fully realize anticipated benefits of the transaction; the risk that retail customers may alter promotional pricing, increase promotion of a competitor's products over our products or reduce their inventory levels, all of which could negatively affect product demand; the risk that our
investments may experience periods of significant stock price volatility causing us to recognize fair value losses on our
investment; the risk posed by managing an increasingly complex supply chain that has the ability to supply a sufficient quantity of raw materials, subsystems and finished products with the required specifications and quality; the risk we may be required to record a significant charge to earnings if our goodwill or amortizable
assets become impaired; risks relating to confidential information theft or misuse, including through cyber-attacks or cyber intrusion; our ability to complete development and commercialization of products under development, such as our pipeline of Wolfspeed products, improved LED chips, LED components, and LED lighting products risks related to our multi-year warranty periods for LED lighting products; risks associated with acquisitions, divestitures, joint ventures or
investments generally; the rapid development of new technology and competing products that may impair demand or render our products obsolete; the potential lack of customer acceptance for our products; risks associated with ongoing litigation; and other factors discussed in our filings with the Securities and Exchange Commission (SEC), including our report on Form 10 - K for the fiscal year ended June 25, 2017, and subsequent reports filed with the SEC.
• Francisco Partners acquired a majority stake in Dynamo Software, a Watertown, Mass. -
based provider of configurable, cloud -
based investment management software for the alternative
asset investment industry.
Based on an initial questionnaire about your
investment needs, financial background, and risk tolerance, they allocate your money among
asset classes (e.g. stocks, bonds, real estate), then use algorithms to monitor and periodically rebalance your portfolio.
Prior to joining RGE, Ms. Sanchez spent four years as an institutional
asset manager, serving at the California Endowment, a US$ 3 billion Los Angeles -
based foundation, as managing director of public
investments and at the Ford Foundation, a US$ 10 billion New York -
based foundation, as director of public
investments.
The company, Allison Street Advisors,
based in Washington, D.C., is selling an
investment vehicle called a wrap account, which gives customers with $ 250,000 in
assets access to big - name institutional money managers.
Expect a barrage of propaganda from the country and its
investment banks about the quality of the
asset base, etc. etc as they try to realize a valuation of up to $ 3 trillion for their biggest crown jewel.
Kris Karlson, president of Bowman / Hanson, an
investment - banking firm in San Francisco, says, «If a buyer pays $ 1 million for an
asset -
based deal, then the IRS allows the buyer to start depreciating those
assets immediately, which can provide a very valuable tax benefit.»
«Valuations are beginning to look more interesting,» said Dan Ivascyn, group chief
investment officer at Newport Beach, California - based Pacific Investment Management Co, known as Pimco, which oversees more than $ 1.75 trillion
investment officer at Newport Beach, California -
based Pacific
Investment Management Co, known as Pimco, which oversees more than $ 1.75 trillion
Investment Management Co, known as Pimco, which oversees more than $ 1.75 trillion in
assets.
In August, the
investment firm Richard Bernstein Advisors compared the performance of the average investor —
based on the monthly flows of money in and out of mutual funds — against a variety of stock indexes, commodities and other
asset classes over a 20 - year period ending Dec. 31, 2013.
THE Australian Securities and
Investments Commission is currently scrutinising companies that fundamentally alter the direction of their business to incorporate Internet -
based and «hi - tech»
assets.
The acquisition price implies a total equity value of approximately $ 52.4 billion and a total transaction value of approximately $ 66.1 billion (in each case
based on the stated exchange ratio assuming no adjustment) for the business to be acquired by Disney, which includes consolidated
assets along with a number of equity
investments.
Asset Management also has continued to deliver solid
investment performance with over 76 % of its long - term strategies outperforming their respective benchmark on a 3, 5 and 10 - year
basis (as of August 2011).
Owning the intellectual property together with a low cost
basis production facility delivers outstanding returns to Nail Jack Tools shareholders and provides an immediate
asset base for the
investment.
«In Canada as in the U.S. and Europe, the most common question
investment consultants are asked by clients about ESG is whether an ESG -
based approach will negatively impact
investment performance,» said Andrew Sweeney, Institutional Portfolio Manager at RBC Global
Asset Management Inc. «This and other data from the survey reveal a high level of interest and curiosity about responsible investing, including areas of significant uncertainty.
Growth is expected to come from wirehouses such as Morgan Stanley and Merrill Lynch that are starting to allocate more funds to the newer net
asset value (NAV) non-traded REIT products on behalf of their clients, notes Kevin Gannon, president and managing director at Robert A. Stanger & Company Inc., a real estate
investment banking firm
based in Shrewsbury, N.J..
Our dedicated
Investment Policy Committee actively reviews the latest financial journals and published works on an ongoing
basis to ensure our clients»
assets are optimally positioned.
Hamblin Watsa emphasizes a conservative value
investment philosophy, seeking to invest
assets on a total return
basis, which includes realized and unrealized gains over the long - term.
Fisher
Investments Based on his aggressive marketing, he must believe annuities are a major source of acquiring
assets under management into Fisher
Investments
Basically, it's moving in and out of the stock market with the intention of minimizing losses and buying
investments when they're on the rise to eventually sell at a premium, says Ben Barzideh, wealth advisor at Piershale Financial Group in Crystal Lake, Ill. «Instead of holding onto an
asset long - term, [you're] buying and selling
based on predicting future market movements.»
«It is remarkable in that it's really not an
asset; it's just kind of a faith -
based investment,» said Jack Ablin, chief
investment officer at BMO Private Bank in Chicago.
Appetite for riskier
assets such as stocks and high - yield bonds has been suppressed by a number of factors that have come up around the same time, but the headwinds may be transitory, according to the New York -
based investment bank.
Not only are age -
based options professionally assembled using a mix of
asset classes, but your money in them is automatically moved from one
investment to another to match your needs as your child gets older.
Fairfax seeks to differentiate itself by combining disciplined underwriting with the
investment of its
assets on a total return
basis, which Fairfax believes provides above - average returns over the long - term.
DALLAS, August 20, 2014 — Highland Capital Management, L.P., («Highland»), a Dallas -
based investment management firm, which together with its affiliates has approximately $ 19 billion in
assets under management, today announced the launch of its non-traded product line with a publicly - registered Business Development Company (BDC) NexPoint Capital, Inc..
Highland Capital Management is a Dallas -
based investment management firm with $ 19 billion in assets under management and a significant presence in the liquid alts space... [I] n late July, the firm demonstrated its commitment to integrity and transparency when it announced its compliance with the voluntary Global Investment Performance Standar
investment management firm with $ 19 billion in
assets under management and a significant presence in the liquid alts space... [I] n late July, the firm demonstrated its commitment to integrity and transparency when it announced its compliance with the voluntary Global
Investment Performance Standar
Investment Performance Standards (GIPS).
Client
assets in the Advice and Wealth Management business grew as more clients pumped
assets into fee -
based investment advisory, or wrap, accounts.
Strategic Advisers, Inc. (Strategic Advisers), applies tax - sensitive
investment management techniques in FPP and PTS (including «tax - loss harvesting») on a limited
basis, at its discretion, primarily with respect to determining when
assets in a client's account should be bought or sold.
Then consider «
asset location» — which type of
investments you keep in each account,
based on the tax efficiency of the
investment and the tax treatment of the account type.
The
asset mix will evolve over time in agreement with the employee
based on a limited number of low - cost portfolio
investment solutions, and contributions are locked in until retirement.
Fidelity ® Personalized Portfolios apply tax - sensitive
investment management techniques (including tax - loss harvesting) on a limited
basis, at their discretion, primarily with respect to determining when
assets in a client's account should be bought or sold.
According to the GAO, there are over 485,000 IRAs, worth approximately $ 49.7 billion, invested in unconventional
assets, such as energy
investments, equipment leasing, foreign -
based assets, farming interests, precious metals, private equity, promissory notes (both secured and unsecured), real estate, and tax liens, as well as virtual currency.
Fidelity said on Wednesday that its Shanghai -
based unit has registered with the
Asset Management Association of China (AMAC), qualifying it to create onshore
investment products for Chinese institutions and wealthy individuals.
Trevor was formerly a Senior Director and Portfolio Manager for one of Europe's leading private
investment offices, UK -
based Stanhope Capital LLP, where he managed discretionary mandates covering a diverse range of
asset classes for global families and U.K. charities.
These
investment decisions and active
asset allocation shift
based upon our views of the economy and market environment.
Finally, I ran my
investments through Personal Capital's
Investment Checkup feature to see how I was doing and also analyze my current investment asset allocation compared to their recommendations based on m
Investment Checkup feature to see how I was doing and also analyze my current
investment asset allocation compared to their recommendations based on m
investment asset allocation compared to their recommendations
based on my profile.
Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit,
asset -
based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and
investment banking services, as well as online / electronic products.
^ The Fund's
investment adviser, SSGA Funds Management, Inc. (the «Adviser» or «SSGA FM»), is contractually obligated until December 31, 2018 (i) to waive up to the full amount of the advisory fee payable by the Fund, and / or (ii) to reimburse the Fund to the extent that Total Annual Fund Operating Expenses (exclusive of non-recurring account fees, extraordinary expenses, acquired fund fees and expenses, and distribution, shareholder servicing and sub-transfer agency fees) exceed 0.85 % of average daily net
assets on an annual
basis.