Gresham House Strategic NAV overstated by £1.3m since July
Gresham House Strategic board claims ex-manager owes £0.3m after failing to account for £1.6m tax provision
Valuations
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Corporate bonds overvalued according to 73% of investors
But CFA UK membership views equities as increasingly better value
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Lindsell Train valuation raises eyebrows
JP Morgan analysts flag key-man risk and valuation method for fund boutique
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Can any metric justify soaring tech valuations?
Valuation metrics for Tesla and Faang stocks split investors
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Schroder Value team cuts number of positions and ups cash
The Schroder Value team has been cutting the number of stocks in its portfolios and raising cash levels owing to a lack of investable opportunities.
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A market downturn sparked by Mifid?
Could Mifid II be responsible pushing markets into a downward spiral? Perhaps not, but a rule requiring managers to report any 10% fall in a portfolio to clients will do little to discourage the buy high/sell low mentality of the man on the street.
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Manulife AM: Look beyond CAPE for stock-picking opportunities
Equity valuations are rich at present, but investors can still find opportunities if they look beyond overly simplistic valuation methods when picking stocks, according to Manulife Asset Management.
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PA ANALYSIS: Could Europe be the best place for active managers to outpace passives?
As more managers let go of their hang-ups over Europe and return to investing in the region, there could be a golden opportunity for active managers to outperform by getting sector specific and avoiding the usual defensive crutches.
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Protectionist presidency poses biggest risk to US equities – Rathbones
Rathbones asset allocation strategist Edward Smith has argued that investors should “pay close attention to the insidious creep of protectionism, as US politicians and elsewhere look to harness the disenfranchised.”
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Why valuations do not really matter Ardevora
Valuations need a lot of stretch before they start to really matter.
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Shadow remains over European recovery
Expect a slow global recovery with US accelerating as further growth drivers emerge
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SW Mitchell banks to double in value
SW Mitchell founder and investment manager Stuart Mitchell has described the investment opportunity presented by European retail banks as the ‘kind that comes once in a lifetime’ with 100 per cent valuation growth expected in the short to medium term.