Investment Week (June 24)
“The highly-publicised suspension of Neil Woodford’s flagship LF Woodford Equity Income fund has significantly damaged the UK general public’s relationship with investing…. There will ‘clearly be ramifications’ for the active management industry.”
Tags: Active management, Damage, Flagship, Fund, General public, Investing, Ramifications, Suspension, UK, Woodford
Wall Street Journal (July 28)
When China’s roller-coaster stock market plunged downward in early July, “the Communist Party responded with every measure conceivable to fix the market.” This included the suspension of trading. “At one point in the middle of July 97% of all listed companies’ shares were not trading, 51% because management had sought a suspension and 46% because the share prices were down by the 10% daily limit.” On July 27, the Shanghai Composite took its biggest tumble ever, but this downswing “may be good news. Monday’s drop was due in large part to investor fears that the government is pulling back on market support. If Beijing has learned from its failure to prop up stock prices, that could mean the market finds a bottom.”
Tags: Bottom, China, Government, Listed, Market, Shanghai Composite, Shares, Stock market, Support, Suspension, Trading
Bloomberg (July 7)
As bad as China’s stock market rout is, things could be even worse. “Chinese companies have found a guaranteed way to prevent investors from selling their shares: suspend trading. Almost 200 stocks halted trading after the close on Monday, bringing the total number of suspensions to 745, or 26 percent of listed firms on mainland exchanges.” Valued at $1.4 trillion, the suspended shares account for 21 percent of China’s market capitalization. “If not for the halts, a 28 percent plunge in the Shanghai Composite Index from its June 12 peak would probably be even deeper.”
Tags: China, Exchanges, Market-cap, Rout, Shanghai Composite, Stock market, Suspension, Trading
USA Today (January 15, 2014)
Alex Rodriguez, the current home-run king and highest paid baseball player of all time, “has now made history of another sort as the recipient of the longest suspension ever for a doping violation.” If the arbitrator’s decision proves binding, he’ll be out a full season (162 games). “It’s clear that baseball’s steroid era isn’t over. But with a tough investigation and tough penalties, the sport appears finally to be turning the corner.”
Tags: Alex Rodriguez, Arbitrator, Baseball, Doping, History, Home runs, Investigation, Penalties, Season, Sport, Steroids, Suspension, Violation
