generated

Investment Strategy

Kill complexity, just follow the money: Schroders

The head of Australian equities at Schroders Investment Management, Martin Conlon, has argued that good investment analysis looks first at the ungeared cashflows of companies. The industry’s favoured valuation yardstick, the price/ earnings ratio, was unreliable because it introduced leveraged profits into the process. The importance of finding the true source of cashflows was demonstrated […]
Investment Strategy

Kill complexity, just follow the money: Schroders

The head of Australian equities at Schroders Investment Management, Martin Conlon, has argued that good investment analysis looks first at the ungeared cashflows of companies. The industry’s favoured valuation yardstick, the price/ earnings ratio, was unreliable because it introduced leveraged profits into the process. The importance of finding the true source of cashflows was demonstrated […]
Investment Strategy

US power investing to be a gas after ‘green’ bill

Whatever the US ‘green energy’ bill looks like after it passes the Senate, the importance of gas will be much greater in the medium-term as the “intermittency” problems of solar and wind sources are dealt with, according to the managing partner of a US power industry private equity manager with several Australian clients.
Hedge Funds

US power investing to be a gas after 'green' bill

Whatever the US ‘green energy’ bill looks like after it passes the Senate, the importance of gas will be much greater in the medium-term as the “intermittency” problems of solar and wind sources are dealt with, according to the managing partner of a US power industry private equity manager with several Australian clients.
Investment Strategy

Frontier fires up debate on ‘cost plus performance’ fees

Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:””; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} A new funds manager fee model being promoted by Frontier Invest­ment Consulting, whereby managers are paid a fixed-dollar base fee plus a performance fee, […]
Investment Strategy

Frontier fires up debate on ‘cost plus performance’ fees

Normal 0 false false false MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:””; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} A new funds manager fee model being promoted by Frontier Invest­ment Consulting, whereby managers are paid a fixed-dollar base fee plus a performance fee, […]
<1of3>