Commentaries
Now raising intellectual capital
Don’t hold your breath for European flotations
A web-based survey of more than 40 European institutional investors by investment bank Jefferies shows most – 83 percent of those who responded – are not expecting a re-opening of the IPO market in the UK and Continental Europe before the middle of 2010.
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Only 23 percent of the analysts, portfolio managers and dealers surveyed reckon the IPO market will re-open by the end of this year.
Seems the world is still split on what type of companies will be floated though:
“40% of respondents believe that classic growth stories, similar to the deals priced in the US with their tech themes, will be best received at the early part of the cycle. However, 46% believe that more defensive growth companies will dominate.”
Are pension funds ignoring climate risk?
And are conservation groups moving into the business of giving investment advice?
It seems an unlikely path for environmentalists to take, but this WWF commissioned report warning that failure to take carbon risk into account could knock pension fund returns raises some interesting points.
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The Wall
