Download PDF Introduction It has been long established that the global hub for venture capital (VC) investments is the US, with California, New York and Massachusetts being particularly strong in this type of alternative investment. Europe, on the other hand, Read more…
Download PDF Introduction In recent years, major water suppliers in England, privatized by Margaret Thatcher’s government in 1989, have encountered significant financial difficulties due to critical level of leverage in the higher interest rate environment and substantial fines for sewage Read more…
Download PDF Introduction As announced in our previous episode, the second article in our Backtesting series will discuss Cross Validation and introduce a new Backtesting strategy, first presented by Giuseppe Paleologo (2024). If you haven’t already, we recommend reading the Read more…
Download PDF Introduction High levels of leverage have been common practice to increase returns since the genesis of the private equity industry, but as the industry evolves financial sponsors have come up with new and innovative ways to lever up Read more…
Download PDF Introduction In our previous exploration of sports betting, we examined basic market efficiency and evaluated whether straightforward strategies could uncover statistical arbitrage opportunities. Our findings showed that, while betting markets may appear exploitable at first glance, they remain Read more…
Download PDF USA The S&P 500 Index advanced this week, driven by gains in the utilities and real estate sectors. Energy stocks, however, faced losses in tandem with a decline in oil prices, as concerns over potential Israeli strikes on Read more…
Download PDF Introduction In fixed income trading, managing interest rate risk is a critical task for traders and portfolio managers. While traditional hedging tools that rely on duration or convexity are a good indication of how prices react to yield Read more…
Download PDF What has happened in the last 5 years? Over the past five years, M&A activity has experienced dramatic fluctuations, reaching both record highs and record lows. The onset of the Covid-19 pandemic in 2020 brought deal activity to Read more…
Download PDF Introduction: Infrastructure as an Asset Class Infrastructure investing involves allocating capital towards large-scale physical and organisational structures that provide essential services, such as transportation, energy, water, and telecommunications. These assets are critical for the functioning and growth of Read more…
Download PDF USA While the week started with a selloff on Monday, giving back gains posted during the previous session’s post-jobs-report surge, the S&P 500, Dow Jones Industrial Average, and S&P MidCap 400 Index still reached record highs this week. Read more…
Download PDF Introduction The aim of this article is to provide a comprehensive overview of equity swaps, focusing on their structure, mechanics and use cases for investors. Equity swaps evolved in the late 1980s and early 1990s, as a part Read more…
Download PDF Introduction The aerospace industry has long been a highly competitive and technologically advanced sector, with the production of commercial aircraft serving as its centrepiece. For decades, this market has been effectively controlled by two major companies: Airbus [EPA: Read more…
Download PDF Introduction Michael Saul Dell, an American billionaire investor, is the founder and CEO of Dell Technologies Inc. [NYSE: DELL]. According to the Bloomberg Billionaires Index, he is the 13th richest person in the world, as of October 3, Read more…
Download PDF Introduction The aim of this article is to provide a comprehensive overview of exchange-traded funds (ETFs) and to concentrate on their structure, functionality, and the factors leading to their increased use in the financial markets. Over three decades, Read more…
Download PDF Overview In the industry of private equity (PE), dividend recapitalizations also referred to as dividend recaps, have become one of the principal financial maneuvers in driving the returns on invested capital. In times where exits are difficult and Read more…