IPOs

Investment Strategy

Asset managers decry share sale process

Guy Foster, head of equity capital markets in Australia for Bank of America Merrill Lynch, was red in the face. It may not have necessarily been because three asset managers at the Ownership Matters governance conference were voicing criticism of investment banks hired to sell shares for companies. “Long-term shareholders are discriminated against” in many […]
Investment Strategy

Peter Wiggs of Archer Capital dismissive of media

Peter Wiggs, the founding partner of Archer Capital, was sitting comfortably on stage at a conference. He crossed his legs, leaned back in his chair, took the microphone and proclaimed that investing in public companies is sub optimal. “Investing in public companies will produce sub-optimal outcomes as public companies serve 28-year old analysts and journalists,” […]