The Berkshire Hathaway Inc. chairman and chief executive officer said firms make their performance appear better than it is. Firms will include money that’s waiting to be deployed, such as funds sitting in Treasury bills, when charging management fees. But they’ll exclude those funds when calculating the internal rate of return — the performance measure in which most funds are judged, Buffett said.
Representatives for the largest private equity firms either didn’t immediately respond to a request for comment on Buffett’s allegations, or declined to comment by deferring to the American Investment Council lobbying group.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK: Book Extract: Christo Wiese – Risk and RichesIn this extract from Christo Wiese – Risk and Riches, Wiese is told about the accounting problems at Steinhoff that started the collapse of the company’s share price – and the unravelling of his life’s work.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Anadarko Board Faces Scrutiny Amid $38 Billion Bidding WarAnadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Yet the company’s directors have managed to step on the toes of almost every player involved.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Google Will Now Auto-Delete Some User Data — If You AskAlphabet Inc.’s Google said it will let users set up their profiles to automatically delete location and web-browsing data, giving people a middle ground to the internet giant’s always-on or always-off data hoovering mechanisms.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Google Advertising Revenue Growth Slows, Triggering Share SlumpAlphabet Inc.’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company fell more than 6% following the results.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: South Africa is not the only regional economy with a debt problemSouth Africa was not the only economy in the region to suffer a lost decade or ‘nine wasted years’, to quote President Cyril Ramaphosa. In some ways mirroring Pretoria’s trajectory, many African economies have been racking up concerning levels of debt against a backdrop of relatively sluggish growth. Part of this stems from continued reliance on natural resources. The failure to diversify or industrialise is one reason why so much of the past decade has been lost.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: Trusts under BEE scrutiny in yet another dramatic policy shiftOne thing certain about SA’s business and economic environment is uncertainty. Targets or policies seemingly set in stone are suddenly not worth the paper they were written on, leaving investors scratching their heads if they are not banging them against walls. This is the case with the sudden U-turn last week by the BEE Commission, which signalled that trusts will no longer count for black participation in ownership structures. Expect corporate SA to draw a line in the sand. Meanwhile, the mining industry, which has had its own issues with trusts, should be out of the line of fire.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Emerging Market Investors Buy Up Bond ETFsIf investors wanted evidence that demand for bonds in the local currency of emerging market countries including SA isn’t fleeting, here it is: the biggest exchange-traded fund tracking local debt in emerging markets has seen 16 weeks of inflows.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Friday May 3: Five Things You Need to Know to Start Your DayIndia begins evacuations as Cyclone Fani approaches, Trump and Xi ponder their next meeting, and Tesla plans to raise another $2 billion. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: UBS Picks Ramaphoria 2.0 Stocks Portfolio for S. African BetA South African election outcome that sees the ruling party win 55-60 percent of the vote could boost shares in banks and insurers, retailers, locally focused industrial companies, property firms and telcos, according to UBS Group AG.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Monday April 28: Five Things You Need to Know to Start Your DayTakeaways from China’s Belt and Road forum. Japan markets are shut for the week, but there is a slew of key global data that traders will be watching. Incumbent Sanchez set to be returned as Spain’s PM after election. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Britons opt for non-EU holidays in face of Brexit impasse – Thomas CookBritish holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday. Not Britons but Muslim Turks .
Source: dailymaverick - 🏆 3. / 84 Read more »