IPOX Schuster LLC

News » 2010 » February

IPOX Week: Wave in Asian Insurance IPOs !!!

IPOX Week(Japanese version)

IPOX Week(Korean version)

IPOX Weekly Update 03012010

Please see the above link to the IPOX Weekly update for the week starting 03/01/2010.

Best Regards

The IPOX Team

IPOX Schuster LLC

141 W. Jackson, #1340A

Chicago, IL 60604

U.S.A.

(312) 264-4410 (office)

(312) 339-4114 (cell)

www.ipoxschuster.com

THINK GROWTH - THINK IPOX.

Filed under News

DIFC Global IPO Conference Agenda - 02/28/2010 !!!

DIFC_Location.pdf

Agenda1.pdf

Please see attached the conference agenda and location map for the IPO Conference held at the Dubai International Centre (DIFC) on February 28th, 2010.

For further questions and information, please contact the IPOX Team on 1-312-264-4410 or josef@ipoxschuster.com.

Best Regards

The IPOX Team

Filed under News

IPOX Week: Lower market volatilty and increased IPO return dispersion !!!

IPOX Week(Japanese version)

IPOX Week(Korean version)

IPOX_Week_02222010.pdf

Please see the above link to the IPOX week for the week starting 02/22/2010.

Best Regards

The IPOX Team

IPOX Schuster LLC

141 W. Jackson, #1340A

Chicago, IL 60604

U.S.A.

(312) 264-4410 (office)

(312) 339-4114 (cell)

www.ipoxschuster.com

THINK GROWTH - THINK IPOX.

Filed under News

Direxion readies First Long/Short IPO Fund

Direxion Readies First Long/Short IPO Fund | Web

02/12/2010
 

Fund Action


Schnitzel, Mike
 Direxion Funds plans to launch the first mutual fund that will take long and short positions in initial public offerings. The Direxion Long Short Global IPO Fund will track the lifecycle of IPOs during their first four years of existence and take long or short positions based on that timeline, Andy O’Rourke, marketing director, told FA. Russel Kinnel, director of mutual fund research at Morningstar, said the fund’s strategy is a first of its kind for the industry. “I’ve never heard of anything close to that,” Kinnel told FA. “There were a couple of IPO funds back in the intense IPO mania of the ’90s…They didn’t do well because, number one, IPO launches tend not to do well over the long term and, number two, buying IPOs in ‘99 and 2000 was buying the worst junk, bubble prices.” Kinnel said it is a positive that the fund’s strategy acknowledges that, “in general, IPOs are not the greatest investment and [the fund’s strategy] implies there is often an underperformance later on.”

O’Rourke noted that many IPOs tend to outperform over the first year. “It’s based mainly on analyst reports on how they expect the issue to perform and so they are often overvalued during the first six to 12 months of existence,” he said. “During the second through fourth years, many tend to underperform because there are real earnings reports out, and if they’re not living up to analyst expectations, their value is down.”

Armed with that approach, the fund’s managers will take long positions in first-year IPOs they find attractive and select a group of IPOs they expect to underperform during years two through four, and short those. The fund will be subadvised by IPOX Schuster, a firm that specializes in designing products focused on IPOs and spinoffs, O’Rourke said.

O’Rourke added that the fund is intended as a tactical investment vehicle and will benefit from active management. “[IPOX Schuster] are authorities on the behavior of IPOs,” he said. “They are in a position to understand which IPOs are expected to perform well and make decisions on an active basis, rather than just track an index.”

Joseph Schuster and Darren Fabric will manage the fund, which will have 190 basis points expenses. –Mike Schnitzel 

Best Regards

The IPOX Team

(312) 264-4410

 

 

Filed under News

IPOX Week: Shedding light on US IPOs - and IWB’s

IPOX Week(Korean version)

IPOX_Week_02152010.pdf

Please see the above link to the IPOX Indexes weekly update for the week starting 02/15/2010, indluding the index manager commentary on page 1.

Best Regards

The IPOX Team

IPOX Schuster LLC

141 W. Jackson, #1340A

Chicago, IL 60604

U.S.A.

(312) 264-4410 (office)

(312) 339-4114 (cell)

www.ipoxschuster.com

THINK GROWTH - THINK IPOX.

Filed under News

BN: Blackstone-Backed IPOs Falter as QuinStreet Cuts Sale

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=awDihzRMqvbQ

Please click the above link in Bloomberg News, ‘Blackstone-Backed IPOs Falter as QuinStreet Cuts Sale’.

Best regards,

The IPOX Team

Filed under News

IPOX-100 U.S. Index Action - 02/11/2010

IPOX-100 U.S. (USD) (P)

 

Share Change effective at the open of business 11-Feb-2010 ConchoResources Inc (CXO.N) due to company Equity Offering.  Shares

outstanding will change from 85,785,000 to 90,454,000

Filed under Announcements

IPOX Indexes update: 08/02/2010

IPOX Week(Japanese version)

IPOX Week(Korean version)

IPOX_Week_02052010.pdf

Please see the above link to the IPOX Indexes update (08/02/2010).

Best Regards

The IPOX Team

IPOX Schuster LLC

141 W. Jackson, #1340A

Chicago, IL 60604

U.S.A.

(312) 264-4410 (office)

(312) 339-4114 (cell)

www.ipoxschuster.com

THINK GROWTH - THINK IPOX.

Filed under News