by Michael Panzner | Mar 21, 2016 | Angel Investing, VC and P2P, Portfolio Management, Pre-IPO Shares
In theory, the recent rebound in equity markets—especially in technology-related shares, which were major laggards as the year unfolded—should be great news for young companies. As discussed previously (see here and here), valuations, activity and interest in private...
by Michael Panzner | Mar 14, 2016 | Portfolio Management
Last Thursday, the European Central Bank announced its latest stimulus measures, which many observers characterized as a quantitative easing, or QE, “bazooka.” The initiative was comprised of several components: four rounds of targeted long-term...
by Michael Panzner | Mar 7, 2016 | Commodities, Hedge Funds, Portfolio Management
Sometimes the reasons for betting on or against a certain investment seem compelling. Not only do various rationales appear supportive when viewing things from the bottom up, they are often confirmed by a top-down perspective. And yet, it is not unusual for these...
by Michael Panzner | Feb 29, 2016 | Hedge Funds, Managed Futures, Portfolio Management
So far, 2016 has unfolded in a way that many active investment managers were hoping for. Market volatility has been increasing, affording more opportunities to buy and sell securities at attractive levels. Share prices have stopped moving higher in a relatively...
by Michael Panzner | Updated: Feb 22, 2016 | Commodities, Portfolio Management
It is a key theme of “Good Idea, Bad Investment?“: just because a stock looks like a bargain, that doesn’t mean it is worth buying. A variety of often unexpected developments can influence its price, including macroeconomic trends; competitive,...
