US markets had a volatile week following higher than expected inflation leading to a large swing in intraweek Fed rate-hike expectations and renewed fears over AI valuations which weighed on market sentiment. US September CPI came in at +3.7% YoY, up from +3.4% in August exceeding expectations.
The pharmaceuticals industry is characterised by one of the most extensive R&D processes in the economy. The productivity of the process has been a topic of intense discussion for close to two decades. The underlying metrics indicating the poor productivity of the process are best highlighted by the long timelines
Until recently, Ulanqab was known mostly for potatoes. The prefecture sits 1,500 metres up on the Inner Mongolian plateau, about 350km from Beijing, and is cold for most of the year. In six years it has also become China’s largest intelligent computing base.
For a fund, deciding to sell is only part of the challenge. In this article, we explore how to execute large equity sales efficiently, balancing market impact against the risk of adverse price movements
Every month, Norges Bank tells the market exactly how much foreign currency it will buy or sell on behalf of the Norwegian government over the following month.
KKR’s leveraged buyout of Alliance Boots plc (then a FTSE 100 company) in 2007 was Europe’s largest private equity buyout at the time. Alongside Stefano Pessina, the former CEO of Alliance UniChem and executive deputy chairman of Alliance Boots, KKR bought Alliance Boots for £11.39 per share
Germany’s car industry is shrinking while its defence industry is growing. Carmakers and suppliers are cutting jobs and carry more plant capacity than they need, while a sharp rise in military spending has left defence…
The first part of this study began from an intuitive proposition: financial markets are networks, and models capable of learning from those networks should therefore possess an informational advantage over models that treat securities independently.
Significant changes are happening inside the fixed income markets, particularly in how investment managers decide to allocate their investments. Among asset managers, a prominent group is pension funds, which can influence markets given their significant AUM and their political and social consequences.
US equities set new records early in the week and spent the rest of it testing them, against a volatile macro backdrop driven by oil prices and yields. Brent traded between about $99 and $105 a barrel, and the 10-year Treasury yield touched about 5.35% intraday, its highest level since 2002. The ISM Services prices-paid index rose to 74.0 in September from 72.6
Download PDF Introduction Since the Covid-19 pandemic, sportswear and athleisure companies have seen outstanding growth, with the sector’s TAM growing from roughly $300bn in 2019 to $450bn today, an increase of around 50%. As a result, the market has seen Read more…
On 23rd September 2026, Switzerland’s upper house of parliament, the Council of States, voted to require the Swiss parent bank of UBS Group AG [SWX: UBSG] to back the value of its foreign subsidiaries with 90% Common Equity Tier 1 (CET1) capital, a decision UBS says would require ~$16bn of additional capital.
The goal of this project was to understand the Polymarket microstructure and the effect of different types of wallets on the price. This research utilizes public 2024 US Election data from Polymarket to analyze market microstructure and the efficacy of algorithmic trading strategies within decentralized prediction markets.
In the world of fixed income markets, hedging against interest rate exposure is one of the most essential aspects of risk management. This is especially true for market makers. Client trades leave the desk with exposure to rate risk across the tenors clients trade and due to adverse selection
Alternative managers are no longer constrained by investor appetite but by access to liabilities. An insurance balance sheet never redeems, replenishes itself through premiums and carries roughly ten times the equity committed to it. Every closed-end fund is born with an expiry date.