Sentences with phrase «market valuation of its assets»

It's part of a larger pattern of mismanaging player - assets so conspicuously that you're forced to offload them for less than market value — at the end of the day, a professional team is a group of assets, and a huge part of managing a team is doing what you can to increase the market valuation of those assets — and that's where I call this «vendetta» and not «style,» because even a disciplinarian could offer little carrots like, y ’ know, an absolutely deserved All - Star nod (at ZERO cost to himself or the club) but instead chose to publicly flip his most gifted player the bird.

Not exact matches

The chief executive of Goldman Sachs Asset Management's (GSAM) international division played down fears of a stock market correction despite concerns over international trade and hefty valuations.

If every valuation metric I can find didn't suggest the domestic equity (and real estate) market is historically expensive, I'd try to follow Buffett's advice for his wife's estate and put 90 % of my assets in broad market equity index funds.

Managers employ fundamental credit processes focused on valuation and asset coverage of securities of distressed firms; in most cases portfolio exposures are concentrated in instruments that are publicly traded, in some cases actively and in others under reduced liquidity but in general for which a reasonable public market exists.

The PRC sets ranges for the balanced asset mix and makes tactical adjustments based on bottom - up forecasted returns, relative valuations and an assessment of economic and market data.

Disappearance of markets and sharply increased doubts about valuations both of structured products and the underlying assets are continuing to affect the credit markets.

And what about the valuations of these funds using realistic mark to market prices for the illiquid assets, like private equity, commercial real estate and OTC derivatives?

Valuation: Price - to - book ratio compares a stock's market value to the value of total assets less total liabilities (book value).

Equities are essentially 50 - year duration investments at current valuations, and even if investors are passive and don't hold any view about future market returns at all, one of the basic principles of financial planning is to align the duration of ones assets with the expected horizon over which the funds are expected to be spent.

While there has been a noticeable shift among family offices toward real estate following the bubble — as many took advantage of the troubled real estate market post-crash and scooped up valuable assets at a discount to pre-recession valuations — this allocation is still remarkable and outside the typical family portfolio composition reported in our survey.

Using private market valuations that were available at the time for Gannett's high quality TV stations and marking to market the company's investments in CareerBuilder and other internet companies, an investor could have concluded that those assets alone where worth north of $ 11 a share at the time.

So in addition, the Fund periodically hedges its exposure to those market fluctuations, based primarily on the status of valuations and market action (price behavior, trading volume, breadth, industry action, and other asset types such as bonds, commodities, and so forth).

The big takeaway for those seeking to buy into market weakness: Be wary of buying notionally cheap assets that face challenges (e.g. domestically - focused European assets like U.K. real estate and European banks), and instead focus on assets with relatively attractive valuations and positive fundamental drivers, such as quality stocks, dividend - growth stocks and investment - grade bonds.

JPM has a beta of 1.2, indicating that the equity market valuation is more volatile than the broad market or asset peers such as WFC.

We look for the cost of bank funding to rise faster than the yield on earning assets over the next two years, a situation that is likely to put an effective cap on bank earnings and public market valuations.

Later working in investment banking at Goldman Sachs and asset management at Deutsche Bank, Barbara Ann acquired a robust grasp of private market valuation that she went on to leverage at Holowesko Partners for nearly a decade, helping the hedge fund grow to several billion in AUM with her focus on special situations and takeout candidates.

BMC Advisors (BMCA) was designed to advise owners of middle - market beverage companies on asset sales, asset acquisitions and valuations.

We combine our medium term expectations of fixed income asset class risk and return with shorter term views on market valuation, cyclical developments and liquidity considerations, matched against the Fund's objectives to develop appropriate asset allocation of the Fund.

That imbalance of eagerness between buyers and sellers has clearly affected prices of risky assets, but it does not generate new cash flows - it simply raises the valuation that the market places on existing streams of future cash flows, and thereby lowers the subsequent rate of return on holding those securities.

The big takeaway for those seeking to buy into market weakness: Be wary of buying notionally cheap assets that face challenges (e.g. domestically - focused European assets like U.K. real estate and European banks), and instead focus on assets with relatively attractive valuations and positive fundamental drivers, such as quality stocks, dividend - growth stocks and investment - grade bonds.

There are limitations to how accurately book value can be a proxy to the shares» market worth when mark - to - market valuation is not applied to assets that may experience increases or decreases of their market values over time.

Valuations also show the risk of owning bonds (and bond proxies) could rise further, as market uncertainty and easy monetary policy potentially drive valuations of interest - rate sensitive asseValuations also show the risk of owning bonds (and bond proxies) could rise further, as market uncertainty and easy monetary policy potentially drive valuations of interest - rate sensitive assevaluations of interest - rate sensitive assets higher.

When the liquidity premium is high, the asset is said to be illiquid, and investors demand additional compensation for the added risk of investing their assets over a longer period of time since valuations can fluctuate with market effects.

As the treasury curve is the basis of valuation for most debt, outside of Libor for loans and swaps, the currently advantageous environment applies to other asset classes of the capital markets as well.

Specifically, the All Asset strategies» recent strong performance (see Figure 1) may be attributable in large part to four fundamental drivers of global capital market returns: the breakeven inflation rate (BEI), EM currency valuations, EM - to - U.S. cyclically adjusted price / earnings (CAPE) ratios and the global value premium.

The answer, of course, depends heavily on current valuations and market conditions, but we always approach the question with an effort to understand the drivers of long - term risks and expected returns across many different asset classes.

Advisers sharply increased allocations of client assets to U.S. equities, but some planners are cautioning against piling into a market where they see valuations as being too high.

The underlying fund mix will be a reflection of Tom Bradley's views on market valuations and asset mix.

Attractive Valuations The investment community seems largely unaware of just how cheap emerging market (EM) assets have become as a result of a multi-year bear market that appears to have ended in early 2016.

History is replete with such self - reinforcing trends divorced from valuations: the tulip craze in 1630s Holland, the South Sea Bubble of 1720, railway manias of the mid-1800s, the roaring bull market of the 1920s, Nifty Fifty stocks in the 1960s, Japan's asset price bubble of the 1980s, and the late 1990s tech bubble, to name just a few.

Although the big picture hasn't really changed, the high financial market valuation of many asset classes left little room for negative surprises.

Seeks to capture large cap stock mispricing opportunities due to market inefficiency, by continuously computing relative valuation of large cap stocks according to growth factors such as earnings growth rate, sales growth rate, p / e / g ratios, asset turnover rate, operating margin, debt / equity ratio, free cash flow, relative price strength, etc..

Another of his ideas is that the seemingly - permanent increase in valuations for risky asset classes is a valid response to «improvements in the way a market functions... which lead to reductions in the costs of those who use it.»

The performance of an exchange - traded fund may vary from the market index it attempts to replicate due to market volatility, transaction costs, valuation differences, differences between the assets held in the exchange - traded fund's portfolio relative to the market index, and other factors.

art vs. science, asset allocation, diversification, Event Driven, GARP investing, growth vs. value, IRR, Margin of Safety, Return on Market Equity, stock picking, stock selection, stock valuation

In my opinion, buying the intangible assets and attributing a price of $ 20.55 / share for the stock given in exchange was the critical element of getting the market valuation so high.

The valuation enables you to test whether the market value of the in - house assets exceed 5 % of the funds» total assets at the end of a year of income.

Moreover, the US stock market has also been on a multi-year run, which is inducing asset managers to speculate on the sustainability of current valuations across US capital markets.1 If a lower dividend yield is associated with expensive equities, then a lower bond yield should indicate expensive Treasuries.

I have heard that the case of Japan argues against deviating from a buy - and - hold strategy and instead changing one's strategic asset allocation in response to extreme market valuation levels.

The evidence has validated his prognosis that using market valuation - based metrics in investment decisions increased the probability of outperforming passive or strategic asset allocation strategies.

the European periphery is a bubble («The Euro crisis is not over... the European economies are not going to change for the better for years to come despite all the cheating and breaking of laws»), Value investors need to venture to Russia («when you look at today's opportunity set, you're left with a set of assets where nothing looks attractive from a valuation point of view») or buy gold mining stocks -LRB-» The down cycle could be much bigger than anybody believes if the market realizes that all the actions taken in recent years do not work.»)

James Montier is incensed by the ubiquitous calibration of strategic asset allocation with «static» asset allocation because static allocation makes no accommodation for the fact that market valuations and commensurate expected returns fluctuate dramatically over time.

of total client assets in the several years leading up to the 2000 market peak, and John Hussman has experienced similar investor attrition over the last few years as his valuation models have kept him largely on the sidelines during the market's current bull market run.

Larry said: «The key is explaining that Valuation - Informed Indexing is a tool of asset allocation, not market timing.»

«Our local asset management teams provide a bottom - up perspective on market conditions and valuations,» said Dover, who has over 25 years of experience in global investing.

The potential for immediate cost cuts, ARGO's specialized skill set & experience, and its PE / hedge fund fee structure more than justify a 3.75 % of AUM price tag — which is at a significant discount to other PE / hedge fund asset managers» current market valuations.

In my valuation work, I actually focus on the net asset value of each company (plus its leverage, of course), and validate asset values by checking property yields vs. the market / peer group.

This strategy makes sense, but the value of asset management businesses obviously resides primarily in people & goodwill — I'm concerned about the potential implications for EIIB's market valuation.

And hope an unlisted Irish company, which owns US wind farm assets — a strange beast, indeed — will suddenly revalue & achieve the kind of valuation we might expect up - front from an open - market auction?

Well, the market values AEX around $ 63 mio, broadly in line with my valuation of their US assets (plus $ 5.4 mio of net cash).