A Long standing of common stock valuation holds that a stock’s current market value tends to converge to the (risk adjusted) discounted present value of the rationally expected dividend stream. If markets are efficient, then in equilibrium, stock prices should change only when there is new information that changes investors’ dividend expectations.
Michele Ragazzi's Giano Capital returned 1.9% for March, taking the fund's year-to-date performance to 1.7%. Since its inception, Ragazzi's flagship fund has produced a compound annual return of 7.8%. According to a copy of the €10 million fund's March update, a copy of which ValueWalk has been able to review, Giano's most significant investment at Read More