Market Forces
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1 Oct 2010anemptytextllineI was invited to participate on a panel discussion on whether dividends matter at a recent industry gathering with several of my peers from other asset management companies. I always enjoy these discussions, particularly when there’s the prospect of vigorous debate. However, there are some misconceptions about dividends that deserve further discussion. -
1 Aug 2011anemptytextllineSuccessful capital allocation by management (part custodians of wealth creation) is the cornerstone of future wealth creation. Allocating capital to projects that exceed your cost of capital will ultimately create more value for shareholders (and result in the intrinsic value of a company increasing over time). In South Africa, we have had mixed results from management teams, some of whom have created enormous value for shareholders and others (sadly) who have destroyed an enormous amount of value. In this short piece, we examine some of the successes and some of the failures. Note: some of the failures have by no means been totally disastrous. -
1 May 2013anemptytextllineThe G7 gave Japan's QE programme the greenlight this weekend. Find out why the world's relying on them - and what's happened so far. -
28 Jul 2013anemptytextllineWe tend to get caught up in the day-to-day so why not take a step back and see what has really had an impact on the market since 1960? -
1 Nov 2013anemptytextllineThey aren’t risky. They aren’t complicated. They aren’t run by cowboys. -
28 Apr 2014anemptytextllineTreasury has finally published the long-awaited draft regulations for SA hedge funds on April 16, 2014.
