At US Stock Market Top Passive Funds Overtook Active Funds Ownership for First Time

A phenomenon consistent with the belief stock markets only go up is the ‘hold forever’ passive funds. At the end of 2021 these passive funds accounted for 16 per cent of US stock market capitalization. This overtook the 14 per cent held by active funds, according to the Investment Company Institute, an industry body. Significantly the all-time high of the US markets was seen at the end of 2021 and since then we have seen sharp selloffs. What I we … Continue reading “At US Stock Market Top Passive Funds Overtook Active Funds Ownership for First Time”

Kohl’s Gets $9 Billion Bid 37% Above Market from Activist Hedge Fund

Department store chain Kohl’s Corp received an unsolicited offer from activist hedge fund Starboard Value LP to buy the company Friday. The WSJ reported that sources disclosed a group led by a group controlled by Starboard, Acacia Research Corp. offered to buy Kohl’s for $64 a share in cash. Acacia said it has received assurances from bankers it has financing for the bid. Reuters reported earlier this week that Acacia was exploring a possible bid for Kohl’s. Kohl’s $KSS shares … Continue reading “Kohl’s Gets $9 Billion Bid 37% Above Market from Activist Hedge Fund”

Natural Gas Volatilty a Lesson in The Reversal of Fortunes

This week’s poster child in volatiity and risk is Miami-based hedge fund Statar Capital who specialise in natural gas. After being up huge in the first 10 days of this month down about 7.7 per cent for September before fees as Natural gas futures went from 4.80 to 5.60btu and back.