FEATURES:
Philip Ryland profiles US star hedge fund manager Seth Klarman and explains how private investors can replicate his value investing approach.
Private equity companies aren’t popular but they know how to make money. Lee Wild and Mark Robinson look at where the new deals will be.
SEVEN DAYS:
■ All you need to know about investing in the past seven days: what's rising, what's falling and what's making the headlines.
NEWS:
■ Euro recession worsens - But there are hopes of a recovery next year.
■ Is there a glimmer of hope for the UK? - Recruiters are lifted by a forecast for the fastest hiring rate since the recession, but full recovery still looks a long way off.
■ Small-cap miners struggling for capital - A miserable 24 per cent of junior mining stocks on Aim have less than £100,000 in working capital.
■ Asos steams ahead - Online clothing retailer Asos is continuing its global expansion as a rising number of consumers turn to the internet for shopping.
■ Costa enjoys tax advantage - Whitbread's fast-growing Costa Coffee chain has reported strong third-quarter trading in a period when it may have benefited from a public backlash against the tax arrangements of rival chain Starbucks.
■ Rangers to debut on Aim - Will this football IPO buck a trend and offer a return to investors?
■ The side-effects of QE - Central bankers' love affair with quantitative easing means income-starved investors could be changing the way companies operate.
ECONOMIC OUTLOOK:
■ The debt question - Consumer spending has recently been weaker than you'd expect from historical relationships with income and unemployment. Unless this changes, retailers face another tough year in 2013.
■ Next week's economics - Next week will bring news of rising inflation and weakish retail sales - but perhaps things are brightening up in the eurozone.
COMMENT:
Our columnists offer in-depth analysis and investment ideas:
■ The Editor: Don't be a wannabe Warren - The myth of Warren Buffett is an attractive one for private investors, but look elsewhere for strategies you can replicate.
■ No free lunch: Bank on it: The battle for increasingly tighter banking regulation hots up with some promising developments.
■ Mr Bearbull: Mr Bearbull outlines his simple method for running winners and limiting losses.
■ Simon Thompson: Our companies editor sees scope for a first-quarter rally in his favourite stock market sector.
■ Chris Dillow: The pursuit of risk-free returns can be more dangerous then generally realised.
YOUR MONEY:
Financial planning, tax and investment wisdom:
■ Portfolio: Doubts over cautious retirement portfolio.
■ Financial planning: Why income drawdown is best for your spouse.
SHARE TIPS OF THE WEEK:
■ These shares come with a premium but they're still worth buying because of the company's promise to return £13 a share to its investors.
■ This stock market stalwart already boasts a chunky yield and good fundamentals. Now the government's long-awaited energy bill adds another strong reason to buy its shares.
■ The growing number of people in rented accommodation is one of the reasons behind this company's success. We think the company will continue to benefit.
■ Lacklustre initial drilling results at this iron ore miner and exploration uncertainties mean there are too many risks attached to these shares.
FUND TIP OF THE WEEK:
■ Run by a team considered to be one of the best in the industry, and a top performer in its sector, this fund's attractions are clear. It’s been soft closed to new investors but in fact it is still possible to buy in.
SHARE TIP UPDATES:
■ HSBC
■ Nature
■ Roche
■ Tangiers
BROKERS' TIPS:
■ Lundbeck
FUNDS:
■ Fund news: Leading income managers axed after poor performance.
■ How much?! Virgin FTSE All-Share Tracker fund - The tracker fund is more accessible than some of its rivals, but costs 10 times as much in fees.
■ The big theme: Angry investors give ethical funds the boot.
■ Top 100 funds update: GLG Japan Core Alpha.
■ ETFs: Income at a lower cost via ETFs.
■ Interview: Barry Norris tells Katie Morley that Peugeot will be gone by the end of the year as companies sink or swim in the fight for cheap credit.
SHARES:
The lowdown on the latest company results:
■ Ashtead
■ Caretech
■ DS Smith
■ Idox
■ Mulberry
■ Photo Me
■ Redhall
■ Victrex
■ Zytronic
■ Sector focus: Buying the tech megatrend.
■ Stock screen: The importance of timing in momentum investing.
■ Week ahead: A summary of key company announcements expected in the coming week.
TAKEOVERS:
■ Download this week's takeover tables as a PDF.
TRADING:
■ Trading ideas: Chart-driven calls on Cookson, Dow Jones Industrials, euro/sterling and RBS.
■ The Trader: Prepare for catch-up - The Trader expects the Nasdaq and FTSE to rally harder before too long.
