Investment Assets To Swell To $102 Trillion By 2020; Nearly half of those assets will reside in North America.

PwC: Investment Assets To Swell To $102 Trillion By 2020

by Mark MelinFebruary 11, 2014, 11:37 am

Global assets under management are expected to rise from $64 trillion to $102 trillion by 2020, growing at a 6% compounded annual rate, a new study predicts.  Nearly half of those assets will reside in North America.

The report, “Asset Management 2020: A brave new world,” published by Price Waterhouse Coopers (PwC), notes six disruptive “game changers” and trends that will result, offering asset managers new opportunity. Read more of this post

U.S. tech startups: An endangered species?

U.S. tech startups: An endangered species?

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Source: Kauffman analysis of Census and BDS data – The number of technology startups has dropped off significantly since the turn of the century and is falling even faster in the wake of the recession. Read more of this post

Francois Sicart: Contrarian Value Investing in a Liquidity-Driven Environment

Investment Principles and Habits

Contrarian Value Investing in a Liquidity-Driven Environment

“Those are my principles, and if you don’t like them…well, I have others.” – Groucho Marx

Of course, principles are supposed to be unbendable.  But the recent global financial crisis and recessions have forced even the most thoughtful investors to revisit some of their long-held beliefs and evaluate whether some of these were true principles or just old habits.  For example, one of my most successful and well-known value-investor friends commented a couple of years after the crisis, “Maybe we should have paid more attention to the macro picture.”  I suspect that many value investors, who profess to be above all bottom-up stock pickers, have felt that way. Read more of this post

Tony Abbott warns colleagues of more economic pain in the wake of Toyota’s decision to pull out of Australia.

Tony Abbott warns party room of more economic shocks to come in wake of Toyota pullout

February 12, 2014

Mark Kenny

Tony Abbott has told his colleagues that there would be more economic shocks to come in the wake of Toyota’s decision to pull out of Australia.

The warning came as the manufacturing sector reeled from the news amid fears that related high-technology manufacturing might also face extinction. Read more of this post

Neuberger Berman Rises From the Ashes; Caught in the bankruptcy of parent company Lehman Brothers, the 75-year-old asset management firm has returned to its partnership roots

Neuberger Berman Rises From the Ashes

11 FEB 2014 – JULIE SEGAL

Caught in the bankruptcy of parent company Lehman Brothers, the 75-year-old asset management firm has returned to its partnership roots.

After George Walker IV left a 14-year career at Goldman, Sachs & Co. in 2006 for Lehman Brothers Holdings, he found himself at groundzero of the financial crisis. Walker, who had been hired to run Lehman’s global investment management business, which included value-focused money manager Neuberger Berman, was swept into the firm’s mid-September 2008 bankruptcy — the largest in U.S. history — trapped in meetings with bankruptcy attorneys, the restructuring firm, creditors’ committees and Lehman’s corporate deal-making team while struggling to disentangle his business from the investment bank without killing it. Read more of this post

Recent sharp sell-off has many RIAs and family offices developing new EM strategies across asset classes.

Emerging-Markets Jitters Rattle Registered Investment Advisers

10 FEB 2014 – ANDREW BARBER

Amid the recent spike in volatility, registered investment advisers are rethinking how they approach emerging markets. Concerns over such factors as the cooling pace of growth in China and political turmoil in Turkey have sparked an exodus from emerging-markets indexed funds and exchange-traded funds (ETFs). The IShares MSCI Emerging Markets ETF (EEM) fell 9.5 percent during the week of January 27 alone. Read more of this post

Brevan Howard Said to Shut $2.7 Billion Emerging Markets Fund After Losses

Brevan Said to Shut Emerging Markets Fund After Losses

Geraldine Sundstrom is leaving Brevan Howard Capital Management LP and the firm is shutting her hedge fund after it lost money amid a rout in emerging markets, according to a person with direct knowledge of the decision. Read more of this post

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