GMO is a global investment management firm committed to providing sophisticated clients with superior asset management solutions and services. We offer a broad range of investment products, including equity and fixed income strategies across global developed and emerging markets, as well as absolute return strategies. Our client base includes endowments, pension funds, public funds, foundations and cultural institutions. GMO is a private partnership that employs more than 550 people worldwide. Investment management is our only business. As of September 30, 2013, we managed $112 billion in client assets, $55 billion of which was in asset allocation strategies. Our global offices include the firm's headquarters in Boston and offices in San Francisco, London, Amsterdam, Zurich, Singapore, and Sydney. To read GMO's 4Q 2013 Letter, which contains Jeremy Grantham's "Year-End Odds and Ends" and Ben Inker's "Divesting When Discomfited," please click the blue highlighted link.
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Verrazzano Capital PartnersReading Room | Value Investors | Phoenix Asset Management PartnersPlease read the following conditions of use of this website. By clicking on the "I agree" button, you acknowledge that you understand them and agree to abide by them. The information on this website is issued and approved by Phoenix Asset Management Partners Ltd (hereafter referred to as Phoenix). This website does not constitute legal advice and should not be used for making investment decisions. Phoenix accepts no liability for any damage or loss from direct, indirect or consequential use of this website or any of its content. Phoenix is authorised and regulated by The Financial Conduct Authority (FCA). Investor Classification: The Phoenix UK fund is an offshore open-ended mutual fund based in the Bahamas. Risk: The price of shares in the Phoenix UK Fund can go down as well as up and investors may not get back the full amount invested. Holdings: The Phoenix UK Fund holds a concentrated portfolio of 10-20 holdings. Copyright: Phoenix own the copyright and information in this website.
Michael LewisMichael Lewis: Did Goldman Sachs Overstep in Criminally Charging Its Ex-Programmer? Michael Lewis on Sheryl Sandberg: Her Brilliant Career is “A Social Statement” Michael Lewis: Obama’s Way Michael Lewis on the King of Human Error California and Bust It’s the Economy, Dummkopf! Beware of Greeks Bearing Bonds Betting on the Blind Side The Man Who Crashed the World Wall Street on the Tundra Commie Ball Previous Next The Latest on VF.com Photo: Stephen Hough, Britain’s Most Protean Pianist Years of Living Dangerously: Showtime’s All-Star Look at Climate Change The Normal Heart: Remembering How New York City’s Gay Community Was Decimated by AIDS The Latest from VF Daily Gisele Was Targeted by the I.R.S. Jessica Biel Drops Hints to Husband Justin Timberlake About What Jewelry She Wants Dumb Pimp Records His Crimes in Autobiography Featured on VF.com The World’s Most Recognizable Bodies on Beaches from Malibu to Amagansett Photos: The Desks and Offices of the World’s Most Creative People
Australia learns, as Dutch did in 1960s, that resource boom has downside |BEWARE Dutch disease. No, this is not a travel warning for tourists visiting the seedier parts of Amsterdam. It's a history lesson about how commodities booms can become double-edged swords for resource-rich countries, a lesson that Australia is now learning as a strong Australian dollar becomes an unbearable burden for much of its economy. Coined after a surging Dutch guilder eviscerated Holland’s manufacturing industry in the aftermath a giant natural gas discovery in 1959, 'Dutch Disease' refers to the loss of competitiveness that labor-intensive industries suffer when a currency appreciates on the back of rapid growth in a capital-intensive resource sector. Companies that extract and market the commodity do well, but the rising currency also causes downstream manufacturing exporters to lose market share to foreign competitors while foreign investment inflows associated with the boom push local asset and consumer prices ever higher.
BlueCrest Capital Management (UK) LLPMagazine - What Would Warren Do?The Sage of Omaha has redefined the idea of value investing. But will its principles survive his inevitable passing? Ben Baker/Redux For Warren Buffett’s most devoted followers, a meal at Gorat’s Steak House is near the apex of the visit to Omaha for the Berkshire Hathaway annual meeting, second only to seeing Buffett onstage at the Qwest Center. After five days in Omaha, I still don’t understand what Buffett’s disciples hope to learn by copycatting his food choices. More like the early Christians in pagan Rome than the millions of Muslims thronging Mecca, Buffett’s hard-core “value investors” are few, and in many ways, their entire lives run against the grain of the dominant culture. And, of course, there is Buffett himself. I wasn’t the only one wondering about this. Beyond a certain point, what Warren Buffett does can’t be taught. I spent much of my time in Omaha trying to answer that question, a task complicated by the difficulty of defining what, exactly, value investing is.
Bronte CapitalRBA: Bulletin February 2001-Statement on Monetary PolicyReserve Bank Bulletin – February 2001 Download the complete Statement [PDF 771K] Go To International economic conditions have weakened in recent months and are likely to provide a less favourable environment for the Australian economy in the coming year. The slowing now under way in the US economy comes after a period of exceptional strength, both in terms of the length of the economic expansion to date and the average pace of growth recorded in the past few years, with growth being particularly strong in the first half of 2000. Financial market developments have played an increasingly important role in shaping US economic performance in recent years, both adding impetus to growth through much of the second half of the 1990s and more recently dampening demand. There is at present, therefore, a good deal of uncertainty about the near-term prospects for the US economy. The Australian economy has also slowed in recent months, although for somewhat different reasons than the US. Graph 1 Japan