London to lose software pioneer in potential Private Equity takeover: Blue Prism to be acquired by Vista Equity Partners

Download PDF Introduction On September 28, 2021, Blue Prism, a British enterprise software company that specializes in software robots that automate monotonous jobs, announced that it has reached an agreement with private equity firm Vista Equity Partners to be acquired for £1.1bn ($1.5bn) in cash. Blue Prism, whose clients include Read more…

Market Recap 10/10/2021

Download PDF USA The DJIA, S&P 500, and Nasdaq composite ended the week recording gains, despite weaker than expected U.S. jobs data, which brought about concerns over the recovery for the world’s largest economy. The DJIA and S&P 500 increased by 1.22% and 0.79% respectively, this week, while the Nasdaq Read more…

Straddling outside and into earnings

Download PDF Introduction An ATM equity long straddle position is delta neutral. If systematic risk is the only factor predicting expected returns, a delta neutral strategy should have an expected return equal to the risk-free rate. In this article we will review academic literature suggesting that not only is this Read more…

Carbon Trading And The Road To $100

Download PDF Introduction Financial instruments related to carbon emissions have been described in the past two years as a “one-way” bet for hedge funds and other financial players, who think the value of these contracts will rise in the future. The rationale behind these products is that negative externalities like Read more…

Market Recap 02/10/2021

Download PDF USA A rough week for the American stock market ended with solid gains Friday. After rising Treasury yields were a headwind for much of the week, Friday’s sharp drop in the 10-year yield help spurs equities. Small caps led the way, with the Russell 2000 up 1.7%. For Read more…

Asian Options with Monte Carlo Pricing

Download PDF Introduction In this article, we will present the pricing of Arithmetic Asian Options using Monte Carlo simulations. Additionally, we will introduce variance reduction techniques and the advantages of using Asian options in the oil market. We will show the functioning of the Monte Carlo models and analyze the Read more…