Download PDF Introduction Merger Arbitrage tackle the potential of mergers and acquisitions (M&A) to yield returns irrespective of market conditions. By examining the transaction dynamics, we illustrate how arbitrageurs capitalize on the ‘deal spread’ – the difference between the current market price and the proposed acquisition price. As we navigate Read more…
Download PDF Introduction The music industry’s evolution, from vinyl to streaming, has not only transformed how we consume music but also revolutionized investment opportunities. With streaming platforms dominating revenue streams and artists navigating the complexities of selling their rights, investors are increasingly drawn to the potential of music royalties as Read more…
Download PDF Introduction With so much information to store, almost every one of us currently uses the “invisible” space of the cloud. But it’s not that invisible. There is a physical place where all this data is processed, called a data center. When you buy space in iCloud, for example, Read more…
Download PDF USA Despite a week marked by volatility in the markets, stocks closed higher, showcasing resilience amidst economic fluctuations. Notably, growth stocks surpassed value shares, contributing to the overall positive sentiment. Small-cap companies outshone their large-cap counterparts, propelling the Russell 2000 Index back into positive territory for the year-to-date Read more…
Download PDF Introduction In this article we present a systematic, factor-based approach to credit investing. Our aim is to give the reader a wholistic view of the process that brings to life a systematic investment strategy: from the collection of data, a non-trivial task within the credit space, to the Read more…
Download PDF Introduction Buying properties in key locations is not a new trend in the luxury sector. However, over the past two years there was a huge increase in activity of the large players of the market as brands want to establish their presence in an environment of scarcity and Read more…
Download PDF Introduction Global economies faced a lot of growth pressure in the last two years arising from rising interest rates, increased inflation, geo-political tensions, and a slowdown in the Chinese property market. Some of these issues are likely to remain a key theme throughout the year. The monetary cycle Read more…
Download PDF USA This week in USA equities, the S&P500 closed 3% lower than last week but nonetheless still +4.73% YTD. The main take-aways from earnings season results released this week include Paramount Global and American Express Co emerging as top gainers, exhibiting the highest percent gains over a single Read more…
Download PDF Introduction Natural language processing has recently become a tool with great applications in finance. Companies like JPM, Deutsche Bank, Statestreet are using NLP software to extract alternative data such as social media platforms sentiment, extract key insights from research reports and even flag possible executive deception by analyzing Read more…
Download PDF Introduction The past year has been one of the most challenging for the global IPO markets since the 2008 global financial crisis. Rising interest rates constrained liquidity, investors were cautious, and choppy stock market valuations caused potential IPO candidates to put their listing ambitions on hold, hoping for Read more…
Download PDF Johnson & Johnson and its Competitors Johnson & Johnson (J&J) [NYSE: JNJ] is a US-based multinational healthcare corporation operating along its two segments Innovative Medicine and MedTech. Today (as of April 18th, 2024), the firm has a market capitalization of $351.2bn. In 2023, J&J recorded revenues of $85.2bn, Read more…
Download PDF Company Overview BYD [SHE: 002594], founded by Wang Chuanfu in 1995, is a company focused on technological innovations, namely the manufacture of electric vehicles, renewable energy, rail transit and other electronics. The name stood for “build your dream” and the company initiated as a producer of mobile phone Read more…
Download PDF Introduction Thames Water, the biggest water supplier in England, which was privatised by Margaret Thatcher’s government in 1989, is now facing a messy debt restructuring or even the prospect of a temporary renationalisation under the government’s special administration regime. In the higher interest rate environment, the company has Read more…
Download PDF Introduction The Japanese economy was a peculiar case in the last 50 years. From growing its GDP at 7% a year in the post-war boom period, after the 1990’s bubble, it sunk into a disastrous vicious cycle, made of negative growth, deflation, credit crunch, liquidity trap and a Read more…
Download PDF Introduction The transaction involving the sale of MotoGP to Liberty Media is a significant event in the realm of sports acquisitions, highlighting a meticulous approach to business strategy in the motorsports industry. Our article begins by exploring Bridgepoint’s decision to forego a higher bid in favor of a Read more…