Signature Bank (SBNY) is Harding Louvner’s Largest Quarterly Contributor
Harding Loevner, an investment management firm, published its “Global Small Companies Equity” fourth quarter 2020 investor letter – a copy of which can be downloaded here. A net return of 17.68% was recorded by the fund in the fourth quarter of 2020, trailing its MSCI All Country World Small Cap benchmark that delivered a 23.79% return. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Harding Loevner, in their Q4 2020 investor letter, mentioned Signature Bank (NASDAQ: SBNY) and shared their insights on the company. Signature Bank is a US-based Commercial banking company that currently has a $13 billion market capitalization. Since the beginning of the year, SBNY delivered a 67.12% return, impressively extending its 12-month gains to 214.16%. As of March 31, 2021, the stock closed at $226.10 per share.
WASHINGTON This time next week, U.S. President Donald Trump will be an ex-president facing an impeachment trial in the Senate that could doom his political future, and a series of looming lawsuits over business dealings and allegations of sexual assault. But Trump’s staggering level of debt may be the most lasting repercussion of his presidency as he’s racked up millions in unpaid bills from rallies, security costs, bank loans and other unknown sources. Paying back that money could be increasingly difficult for Trump as more companies cut ties with him and the Trump Organization in the wake of the Capitol riot.
The Trump International Hotel in the District of Columbia. (Jonathan Newton/The Washington Post)
Published January 15. 2021 8:04AM | Updated January 15. 2021 8:56AM
Josh Dawsey, David A. Fahrenthold and Jonathan O Connell, The Washington Post Get the weekly rundown Email Submit
Washington In November as President Donald Trump began his effort to overturn the election he had lost his longtime friend Tom Barrack called him with advice: Stop, for the sake of your business.
The Trump Organization was already struggling, hurt by political backlash and coronavirus-related closures, facing huge unpaid loans. Barrack told Trump that he could help that business as well as his aides, and the country itself by ensuring a peaceful transition, according to person familiar with the conversation.
The PGA canceled its tournament at his golf course. Banks say they won’t lend to him anymore. New York City is ending his contract to operate the Central Park
Chicago-headquartered Seyfarth Shaw cut ties with Trump Org on Wednesday
They are the latest to drop contracts with Trump s business after Capitol riot
Property services giant Cushman & Wakefield and Deutsche Bank also cut ties
New York City Mayor de Blasio cancelled all city contracts with the company
PGA stripped its namesake championship from Trump s New Jersey golf course
Eric Trump blasted the hits to the business as part of liberal cancel culture