Chinese life insurance company takes stake in Sotheby’s


Chinese life insurance company takes stake in Sotheby’s

Taikang Life, one of China’s biggest life insurers, has become the single largest shareholder of Sotheby’s, the auction house, by acquiring a 13.5 percent stake. According to a regulatory filing on Wednesday, Taikang owns Sotheby’s shares worth around $233 million, ahead of other top investors including Third Point, BlackRock and Point 72 Asset Management. Sotheby’s has…

Michael Mauboussin: Here’s what active managers can do

michael mauboussin, Credit Suisse, valuation and portfolio positioning, capital markets theory, competitive strategy analysis, decision making, skill versus luck, value investing, Legg Mason, The Success Equation, Think Twice: Harnessing the Power of Counterintuition, analysts, behavioral finance, More Than You Know: Finding Financial Wisdom in Unconventional Places, academics , valuewalkThe debate over active versus passive management continues as trends show the ongoing shift from active into passive funds. Q2 2020 hedge fund letters, conferences and more At the Morningstar Investment Conference, Michael Mauboussin of Counterpoint Global argued that the rise of index funds has made it more difficult to be an active manager. Drawing Read More