Not exact matches
The «
value - add» of going private isn't so much less disclosure as it is less
short - term scrutiny by bank analysts and hedge fund
managers,
Hedge - fund
manager Doug Kass has taken a
short position on the fast - growing online retailer, saying government antitrust concerns will erode its
value.
Four common strategies used by hedge fund
managers include: long -
short equity, relative
value, event driven and global macro.
Relative
value managers could have taken a simultaneous long position in the manufacturer's convertible bonds and offset it with a
short position in the company's equivalent duration straight debt to capture the 300 basis - point price differential.
Given the whipsaw that I experienced in 2002 when the ratings agencies went from long - to
short - term, I can tell you it did not add
value, and that most bond
manager that I knew wanted stability.
It is difficult for a portfolio
manager to profitably trade markets on a weekly basis because stocks tend to move in tandem in the
short term and the opportunity to add
value after trading costs is very limited.
Managers have the flexibility to shift from
value to growth; small to medium to large capitalization stocks; and net long to net
short.
Also,
short resources that helped
managers get from «not knowing» to «doing» in the
shortest possible time demonstrated that their time was respected and
valued.
Buying a basket of ETFs somewhat removes the
value of the
manager, exposing investors to a broad base of mortgage - backed securities levered with
short - term financing arranged by the trusts»
managers.
The portfolio
managers seek to purchase stocks that are reasonably priced in relation to their fundamental
value and that the portfolio
managers believe will grow in
value over time regardless of
short - term market fluctuations.
Along with a cadre of other misfit
value managers that are willing to invest in unusual long - only portfolios aiming for absolute returns while not falling victim to the long /
short hedge fund illusion, he happily soldiers on with a boatload of cash, waiting for attractive opportunities to deploy cash.
For example, if a portfolio
manager is fundamentally a
value investor, one would likely see
value names held long and growth stocks
shorted.
Because the
value propositions of a typical long /
short manager and the DRS are so fundamentally different, a case could be made for pairing the two together.
As an aside, do you know how hard it is to get a
value manager to
short something trading at 50 % of book
value?
Ori Eyal is Founder and Portfolio
Manager of Emerging
Value Capital Management, a long - short global value
Value Capital Management, a long -
short global
value value fund.
The financial
managers in charge of the
short ETF employ several strategies to ensure that the ETF
value moves in the opposite direction to the underlying index.
Short - term securities: Investments in securities with maturities of less than sixty days when acquired or long - term securities, which are within sixty days of maturity are estimated by using the amortized cost method of valuation, which the
Manager and the Board have determined will approximate fair
value.
Mutual funds are mostly long - only vehicles (with a few exceptions where
managers have asked for and received regulatory approval to go
short), so they are hard to hedge with unless you find a deep
value manager willing to go to cash: fairly rare.
While the results are a welcome change and demonstrate that active allocation and security selection decisions have been adding positive
value, market participants may want to consider beyond
short - term results and examine
managers» performance during various market environments.
The investment
manager for the stable
value fund invests in a portfolio of intermediate term bonds with an average duration of approximately three to four years that will provide a significantly higher interest rate, or yield, than for example the
short - term (average 60 days or less) securities typically held by a money market fund.
The fund has nine
managers in four categories: event - driven, global macro, long /
short equity and relative
value.
David is an excellent
value - focused, long -
short hedge fund
manager and his assets have grown quickly due to his stock selection success.
Ori Eyal is Founder and Portfolio
Manager of Emerging
Value Capital Management (EVCM), a long - short global value
Value Capital Management (EVCM), a long -
short global
value value fund.
The new
manager moved it from all - cap growth with
shorting via ETFs to small - to - mid cap
value.
Yet he still sees opportunities: There remain suckers aplenty («market participants with little or no
value orientation»); most money
managers still invest on an «absurdly
short investment horizon»; and there exists today a «broader and more diverse investment landscape» in which
value investors can ply their trade.
With the exception of hedge fund
managers who indiscriminately assess ICO tokens for their long and
short selling prospects, the underlying motivation of an ICO investor is the expectation that the token's
value would uptick after the ICO, and the investor would sell it to make a tidy profit.
I fully believe that life is way too
short to work for someone who doesn't
value and appreciate you, so I've written this book to share the insider secrets on how my clients, myself, and other professionals successfully bounced back into a higher - paying job after being laid off, demoted or clashing with a
manager.
How do you handle these
short - term jobs on your résumé and cover letter in a way that will really showcase your
value to a hiring
manager?
In just a few
short paragraphs you need to show the HR
manager that you have done some research on the position and the company as well as what
value you would bring to the company.
Keep it
short and engaging so that hiring
managers recognize your
value.
This speech is a
short summary of an employee's
value proposition and should be thought of as a «sales pitch» that is ready to go anytime you run into a potential hiring
manager or networking contact.
Real - estate owned (REO) asset
managers and lenders are now relying heavily on broker price opinions (BPOs)-- produced by real estate offices — to place a
value on their holdings and to set asking prices for both REO and
short - sale properties.