The illusion of control in an uncertain world September 13, 2018 | City Talk Anil Gaba, professor of decision sciences and the Orpar chaired professor of risk management at Insead, explains how risk and uncertainty are not the same and how control can be gained by paradoxically giving up control. Professor Gaba offers a fascinating insight into luck, chance, control, the illusion of control, and decision making. For example, [...]
Revealed: the most expensive tracker funds September 13, 2018 | City Talk Passive investments have been growing in popularity in recent years. In contrast to ‘active’ funds that employ fund managers to try and select the best performing investments, passive investments or ‘trackers’ simply aim to replicate the performance of an index, say, the FTSE 100, usually by holding all or most of the constituents. Investors are [...]
Carlyle Group to buy insurance service Sedgwick for £5.1bn September 12, 2018 Private equity firm The Carlyle Group has acquired US insurance claims service provider Sedgwick for $6.7bn (£5.1bn). Current majority shareholder KKR will exit the group and Stone Point Capital, CDPQ and Sedgwick management will remain minority shareholders when the deal coses later this year. Read more: Plastic packaging giant RPC confirms buyout talks with Apollo and Bain [...]
Carlyle Group to buy insurance service Sedgwick for £5.1bn September 12, 2018 Private equity firm The Carlyle Group has acquired US insurance claims service provider Sedgwick for $6.7bn (£5.1bn). Current majority shareholder KKR will exit the group and Stone Point Capital, CDPQ and Sedgwick management will remain minority shareholders when the deal coses later this year. Read more: Plastic packaging giant RPC confirms buyout talks with Apollo and Bain [...]
Get the picture: The future of art is becoming transparent September 12, 2018 “Damien Hirst should run Lehman Brothers,” quipped an art collector after the artist’s outstanding auction the day after the investment bank’s collapse in September 2008. While the famed artist may have faded from the news, the art market has proliferated for most of the decade since. In these 10 years, those wanting to collect art, participate [...]
NEX Exchange Profile – Chapel Down Group PLC September 12, 2018 | Sponsored Frazer Thompson heads up the UK’s most successful wine producer- the Chapel Down Group, which is quoted on NEX Exchange. Aside from a multitude of accolades and awards for its wines, the company really came to the notice of the general public in 2011, when Chapel Down was widely reported to have been served at [...]
As seen on TV: We get some tips on investing in film memorabilia September 12, 2018 I wasn't expecting to, but I grinned excitedly when I saw – with my very own eyes – two of the wand boxes from the first Harry Potter film. Maybe that’s just my inner fangirl shining through, but it’s that emotional reaction that has made the film memorabilia industry so huge. It’s that rare glimpse [...]
Private equity group Abraaj closes London office as cost-cutting continues September 11, 2018 Dubai-headquartered private equity giant Abraaj is closing its London office as part of cost-cutting measures ahead of the sale of its fund management unit. Liquidator PwC confirmed the closure of the company's Mayfair base and said it is part of normal money saving activities during an insolvency process. Read more: TGI Friday’s private equity owner Electra ends buyout talks The [...]
Six warning signs for fund investors September 11, 2018 | City Talk Knowing when to avoid or sell a fund can be tricky. Rob Morgan highlights some of the warning signs Charles Stanley’s Collectives Research Team look out for and how they spot them. Fund manager change This is probably the most obvious warning sign, but it doesn’t necessarily make the fund a ‘sell’. Many funds [...]
Family-owned businesses ‘outperform’ peers in all sectors September 10, 2018 Family-owned businesses outperform their peers across all regions and sectors, and deliver stronger revenue growth and higher profitability, according to new data published today. A longer-term outlook, less of a reliance on external funding and investing more in research and development are all contributing factors to the success of family or founder-owned firms. Read more: [...]