Mid cap companies such as Petershill or IP Group are benefiting from the structural growth trends driving the private equity (PE) market. IP, for instance, has recently realised significant value from the IPO of investee and DNA sequencing specialist Oxford Nanopore Technologies. Opportunity to buy...
Equity Risk Premium (ERP) is the cornerstone in Financial Economics. It is a basic requirement in stock valuation, evaluation of portfolio performance and asset allocation. For the last decades, several studies have attempted to investigate the relationship between macroeconomic drivers of ERP. In thi...
premiumIn this paper, it is argued that previous estimates of the expected cost of equity and the expected arithmetic risk premium in the UK show a degree of upward bias. Given the importance of the risk premium in regulatory cost of capital in the UK, this has important policy implications...
The Invesco UK Opportunities Fund (UK)andInvesco UK Equity Fundstand out among their peer groups. The funds have been consistently managed as large-cap, core value funds. The strategy has shown an ability to add value to investors, even in challenging markets. Over the past ten years, agains...
This paper uses the exponential generalised heteroscedasticity model-in-mean (EGARCH- M) to analyse the relationship between the equity risk premium and macroeconomic volatility. This premium depends upon conditional volatility, which is significantly affected by the long bond yield, acting as a proxy...
Equity Risk PremiumGovernment Bond Maturity PremiumStochastic RegimesNonlinearityPredictabilityC51C52E43Using a rich data set for the UK for over a century, we find that the relation between the equity risk premium and the government bond maturity premium is nonlinear and subject to stochastic regime ...
Using a rich data set for the UK for over a century, we find that the relation between the equity risk premium and the government bond maturity premium is nonlinear and subject to stochastic regime switching. We identify a regime in which both premia are jointly characterized by low volatility...
It also plans to raise money for public services by cracking down on tax loopholes for so-callednondomiciled individuals, removing tax breaks for independent schools, closing what has beendescribedas a "tax loophole" for private equity investors, and raising taxes on the purchases of residential ...
Duke of Sussex takes on financial risk of challenging NGN in quest for ‘accountability’ Monday, 20 January, 2025 Lloyd's of London Ltd International hedge funds and private equity pump more money into Lloyd’s vehicle Insurance market’s scheme attracts growing interest from alternative managers ...
Errors in Short Run Forecasts Next-day Volatility of Equity Risk Premium in the UK and U.S. Market: Empirical Research before and after the Global Financia... Heryan, T., 2014, Errors in short run forecasts next-day volatility of equity risk premium in the UK and U.S. market: Empiric...