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Goldman, for instance, went "short volatility" in equities in the second quarter—a decision it came to rue.
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Those who invested in equities in the first wave of Junior Isas three years ago will be way ahead of those who chose cash," he says.
Nonetheless, Portuguese bond yields, which for most of the past four years have been much higher than those for emerging markets, are now at parity with them.The gains in bond markets have contrasted with a setback in equities in the first half of January.
Of greater concern, they said, is that household finances are stretched after a wave of home mortgage refinancing (including tradeups to larger homes with less equity in the second home).
Equities recovered in the second quarter but the total return from the S&P 500 in the first half was still only 3.2%.The asset class you should have bought was high-yield credit.
Its return on equity in the first half of the year was a measly 1.3%.
Years ago, a visit to Mr. Romney's investment firm inspired Mr. Leder to get into private equity in the first place.
Chinese companies raised $54 billion in equity in the first half of this year (before the AgBank listing) and another $80 billion in debt, according to Dealogic.
Chase Manhattan made $1.3 billion in revenues from private equity in the fourth quarter of 1999, having invested in more than 100 dot.com firms.
Top of the heap was Chase Manhattan, which made $1.3 billion in revenues from private equity in the fourth quarter of 1999.
They raised 3.2 trillion won of equity in the first nine months, more than four times as much as in the same period a year earlier.
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