“So far in 2005, inflows to international equity funds have matched those of U.S. equity funds.”
Avi Nachmany
“Hedge fund investors have started affecting the fund-raising environment for private equity funds.”
David Goldstein
“The year 2005 was very productive with significant accomplishments. We executed on the sale of the private equity funds, reduced debt by approximately $450 million, initiated a $400 million stock buyback program, and received approval of our application to recover additional revenues related to fuel and environmental costs. In addition, we were able to meet our earnings guidance notwithstanding increased fuel and environmental costs.”
Jim Mahoney
“For no extra cost, in an equity fund, especially a low-cost index fund, you get currency exposure and diversification. You can get your currency diversification through your equity positions. That's the way a long-term investor would do it. Do not try to be smart about this.”
Richard Ferri
“It's surprising that the private-equity funds seem to think there's upside. It seems quite a full price to pay.”
Nick Bubb
“With a single digit equity market return, a flat yield curve and the weak funding status of many pension plans, sponsors should brace themselves for another tough year.”
Ian Markham
“The year 2005 was very productive with significant accomplishments. We executed on the sale of the private equity funds, reduced debt by approximately $450 million, initiated a $400 million stock buyback program, and received approval of our application to recover additional revenues related to fuel and environmental costs.”
