this is an interesting onevaluation is cheapat 203, at 703mbut 215m investments and cash but this fluctuates (investments do) like for most asset managerstrailing ni+da is 55, with 61m CFFO; CapEx is minimal the fundsI track 4 of them make up 14.3b of the 21.9 or so end of Marchso pretty representative1, 3 and 5 year in categoryLong Short 3 stars 4.6b 81-50-27Small Midcap 4 stars 2.5b 72-47-32Large Cap 4 stars 5.8b 51-19-13Smal Cap 4 stars 1.4b 26-72-68ER: 1.4-0.93-0.85-1.3maybe a wee too high but LS tend to get higher ER for some weird reasonOf these, most important is the LC cause the other areas are closed to new investmentsbut they could open any timeDHIL itself likes to distribute special dividendsbut have really cut down for some weird reason lately - they could do a LOT morethe stock is hard to buy - the spread can be 0.5% to 1%and you can't get out easily Flows have been muted lately - 425m last 12m but very little in the last 2 Qslot of outflows in the sub-advised and institutional side prob due to the ERs and move to indexingbut now 72% of AUM is with the proprietary sideMy guess is flows in Q1, based on the 1.7% drop in AUM over the quarter, the -0.8% drop in the SP500 over the same period, and current ytd returns are probably flat so that would make 3 Qs of eh flowsthoughts?
Long Short 3 stars 4.6b 81-50-27Small Midcap 4 stars 2.5b 72-47-32Large Cap 4 stars 5.8b 51-19-13Smal Cap 4 stars 1.4b 26-72-68
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |