American Capital, Ltd.

  • Finding the Best American Asset Manager

    By Awais Iqbal - July 3, 2013 | Tickers: ACAS, KKR, LAZ, LM

    Since the recession hit the U.S. economy, rising unemployment has been a serious problem, and interest rates have remained incredibly low. This changed the focus of people towards stocks that could provide regular income to run their households. Dividend giving companies have been the main focus for these investors. Also, retired individuals and older people in the U.S. also focus on regular income providing companies rather than growth more »

  • Quant King Cliff Asness’ Small Cap Picks

    By Meena Krishnamsetty - June 30, 2013 | Tickers: ACAS, AIZ, BRCD, GME, HCBK

    The most popular small cap stocks among hedge funds, as determined from quarterly 13F filings, tend to outperform the S&P 500 by an average of 18 percentage points per year (learn more about our small cap strategy). We think that this is because small cap stocks receive less attention from large institutional investors such as mutual funds as well as the financial media, and so, are more likely to more »

  • If Yields Go up, Are BDCs Done For?

    By RJ Towner - June 24, 2013 | Tickers: ACAS, ARCC, MAIN, TCAP

    We  at Valuentum continue to monitor developments at business development companies (BDCs), particularly industry bellwether Main Street (NYSE: MAIN). In February, we penned a profile of Main Street, and we added the firm to our Dividend Growth Newsletter watch-list (not portfolio) at the time. With shares of Main Street getting clobbered in the past few days, let’s take a deeper dive into the sector's opportunities and risks.

    What more »

  • Buy the Financials Still Trading Below Book Value - Part 2

    By Mark Holder - June 10, 2013 | Tickers: ACAS, RF, STI

    Even after substantial gains this year, a number of financial stocks still trade below book value. While not covered back in January along with the insurers and airplane leasing firms, a cross section of other financial stocks continue to trade considerably below book value. While the fears from the financial crisis have mostly dissipated, the stocks continue to meander below book value even with strong earnings profiles.

    Stocks ranging from more »

  • Fed Governor Exposes Mortgage REIT Risk

    By Reuben Brewer - April 16, 2013 | Tickers: MTGE, ACAS, ARR

    In a recent speech, Fed Governor Jeremy Stein used mortgage real estate investment trusts (REITs) as an example of the impact of the Federal Reserve's low rate policy. While his speech wasn't an effort to say mortgage REITs are bad investments, investors need to understand the risks these niche securities pose.

    A Simple Example

    Stein explains: “These agency REITs buy agency mortgage-backed securities (MBS), fund them largely in more »

  • Fed Governor Exposes Mortgage REIT Risk

    By Reuben Brewer - April 16, 2013 | Tickers: MTGE, ACAS, ARR

    In a recent speech, Fed Governor Jeremy Stein used mortgage real estate investment trusts (REITs) as an example of the impact of the Federal Reserve's low rate policy. While his speech wasn't an effort to say mortgage REITs are bad investments, investors need to understand the risks these niche securities pose.

    A Simple Example

    Stein explains: “These agency REITs buy agency mortgage-backed securities (MBS), fund them largely in more »

  • Fed Governor Exposes Mortgage REIT Risk

    By Reuben Brewer - April 14, 2013 | Tickers: MTGE, ACAS, ARR

    In a recent speech, Fed Governor Jeremy Stein used mortgage real estate investment trusts (REITs) as an example of the impact of the Federal Reserve's low rate policy. While his speech wasn't an effort to say Mortgage REITs are bad investments, investors need to understand the risks these niche securities pose.

    A Simple Example

    Stein explains: “These agency REITs buy agency mortgage-backed securities (MBS), fund them largely in more »

  • This Massive Hedge Fund’s Best Under-the-Radar Investments

    By Meena Krishnamsetty - January 20, 2013 | Tickers: AMCX, ACAS, DECK, MSG, TRIP

    In the stock market universe, small-caps don’t get as much attention from investors, which often leaves them less efficiently priced than their larger peers. As one would reasonably expect, hedge funds seek to take advantage of this by dedicating their research teams to work on these lesser-known investments.

    Interestingly, retail investors can use hedge funds' top small-caps as a market-beating strategy; our analysis shows that the most popular small-cap more »

  • Two Sigma Advisors’ Best Stock Picks

    By Meena Krishnamsetty - January 17, 2013 | Tickers: ACAS, ARCC, PDLI, PENN, TCO

    Small-cap stocks don’t get as much attention from analysts, which often leaves them less efficiently priced than their larger peers. As can be expected, hedge funds sometimes take advantage of this by dedicating their research teams to work on the small-cap space.

    In fact, retail investors can use hedge funds' top small-caps as a market-beating strategy; we’ve determined that the most popular small-cap stocks among hedge funds can more »

  • Meet This Hedge Fund’s Newest REIT

    By Meena Krishnamsetty - December 12, 2012 | Tickers: ACAS, ARCT, BDN, CWH, LXP

    Commonwealth REIT (NYSE: CWH) is the newest addition to Luxor Capital's portfolio following a 13G filing with the SEC last week. Luxor has taken a new position in the office and industrial focused REIT that accounts for over 5% of Commonwealth's outstanding shares. Managed by Christian Leone, Luxor was founded in 2002 and remains employee-owned. Luxor utilizes a public equity and fixed income hybrid strategy, while primarily investing more »

  • Would You Trust Your Retirement to These Companies?

    By Chris Hodge - November 14, 2012 | Tickers: ACAS, BLK, BKCC, PSEC

    It was a trip when I first realized how meta I could get with my investments. I can literally invest in companies where their sole purpose was to tend to investor dollars. While this is pretty crazy, it also makes me wonder about who these companies are most committed to: the investors whose hard-earned dollars they manage, or the investors who own a share of the company and... well, the more »

  • Hedge Fund Pine River Capital Management is Having a Great Year

    By Meena Krishnamsetty - October 25, 2012 | Tickers: ACAS, BAC, OCN, WFC

    By tracking 13F filings from hedge funds and other notable investors, and then looking at how the prices of the stocks that they owned have changed over the course of a quarter, we can estimate the returns that a fund has earned on the long equities in its portfolio. Of course, a fund can also generate positive or negative returns on the assets it has sold short, but these positions more »

  • Top Stock Picks of Best Performing Hedge Funds: Fortress Investment Group

    By Meena Krishnamsetty - October 24, 2012 | Tickers: ACAS, BKD, NSM, RA, BOX

    Fortress Investment Group is the top-performing fund of the third quarter of the over 400 funds and investors we track, seeing a return of almost 44% during 3Q. We have calculated the value-weighted returns for 400 hedge funds in the 1500 largest stocks and complied a list of the top performing funds for the first three quarters of 2012. The returns are based on the fund’s 13F long positions more »

  • How Are Hedge Funds Feeling About the Private Equity Stocks?

    By Meena Krishnamsetty - September 28, 2012 | Tickers: ACAS, AINV, FIG, MCGC, BX

    Facebook Inc. (FB) has caused many a headache in the investing world. After the so-called debacle that was the Facebook IPO, with the company now down 40% since its opening price, we found it interesting that many funds were increasing their stakes in publicly-traded private equity firms that invest in private companies. Many top fund managers stayed invested, or were upping their stakes in the top publicly-traded private equity firms more »

  • An Insider Likes This Private Capital Firm

    By Meena Krishnamsetty - September 13, 2012 | Tickers: ACAS, NLY, AINV, CIM, PSEC

    Prospect Capital (NASDAQ: PSEC) invests equity capital and debt capital in private and public companies with enterprise values of up to $250 million across all sectors with a focus on North American energy and industrial companies. It typically makes a secured loans to portfolio companies that allow Prospect Capital some upside as well in the form of equity. Brian Oswald, who serves as the company’s CFO and CCO, purchased more »

  • 9 Cheap Stocks Taking Off Right Now: Apple is One of Them

    By Meena Krishnamsetty - August 10, 2012 | Tickers: ACAS, AOL, AAPL, DFS, STX

    One of the most tempting ways to pick stocks is to look for high momentum. Has the stock been going up recently? If so, then the fundamental or technical factors behind that increase in price might continue in the future, driving it up further. Of course, sometimes stock prices rise because of unusual factors- one particularly good quarter, a flurry of media attention, and so on. One criterion that can more »