US The US Indexes soared this week mostly affected by the midterm elections, which caused a relief-rally The Dow Jones Industrial Average closed at 25,989.30 on Friday with a loss of 201.92 points or -0.77% and a weekly gain of 2.6%. The S&P 500 closed at 2,781.01 for a loss Read more…
The “Green rush” is the way in which the media has described the incredible “bull-run” which has characterized the equities engaging in the cannabis sector. In this article we are going to analyze the industry, explaining its history, characteristics and main players. We are going to focus in the later Read more…
This article discusses absolute return funds implemented by UCITS funds. With the reappearance of volatility in the markets – not just in equity markets but also in other assets classes e.g. fixed income or hard assets as well as among markets globally – absolute return funds, with their promise to Read more…
Restaurant Group PLC (LON: RTN) – market cap as of 11/09/2018: £512.35m Introduction On the 30th of October 2018, The Restaurant Group plc announced its plan to purchase the entirety of the issued share capital of Mabel Topco Limited, the holding company of Wagamama, effectively acquiring Wagamama, a high-growth brand Read more…
IBM – Share price as of 09/11/2018 – $123.54 Red Hat – Share price as of 09/11/2018 – $173,75 Introduction From the 1900’s to the 1970’s, technology companies went from producing bulky recording machines to even bulkier versions of the first computers. Since then, they ditched the design, which resembled Read more…
Mitsubishi UFJ Financial Group Inc (TOKYO: 8306:JP) – market cap as of 09/11/2018: ¥9.477tn Introduction On October 31, 2018, Mitsubishi UFJ Trust and Banking Corporation (“MUTB”), a wholly owned subsidiary of the cross-listed Mitsubishi UFJ Financial Group (“MUFG”), and one of Japan’s leading asset managers, came to an agreement with Read more…
The current bull market has been continuing (with certain fallbacks) for around ten years. This has left people questioning when and, more precisely, where will the next crisis come from. In search of a potential contagion, we had our attention drawn to Canada, a seemingly safe economy which had emerged Read more…
The SABR model is like the Vega/Vanna Volga Approach, in that it is a method of interpolating the implied volatility surface. Given the dynamics of the forward rate, the stochastic instantaneous volatility, and the Black model, we get an algebraic expression that the Black Implied Volatility must satisfy. Given traded Read more…
US When the markets closed on Tuesday, they were mostly flat on a weekly basis while S&P500 was trading -9.87% on a monthly basis. Starting from Wednesday the stocks started to recover from the recent sell-off as S&P gained 37.44 points while the DOWJ gained 361.94 points. S&P Materials index Read more…
Private Equity Industry Overview Private equity is like home flipping, but with large corporations instead of dilapidated houses from the 1970’s. Only rather than having profits in the tens of thousands, it’s in the tens of millions. The private equity industry, pioneered in the 1970’s by the likes of KKR Read more…
L3 Technologies Inc (LLL: HRS) – Share price as of 02/11/2018 – $189,25 Harris Corp (NYSE: HRS) – Share price as of 02/11/2018 – $147,7 Introduction On October 14, 2018, military communication providers Harris Corp and L3 Technologies Inc. announced that they had entered into a definitive agreement to complete Read more…
Fiat Chrysler Automobiles NV (NYSE: FCAU) – market cap as of 31/10/2018: USD 23.978bn KKR & Co. Inc. (NYSE: KKR) – market cap as of: 31/10/2018: USD 19.176bn Introduction On October 22, 2018 Fiat Chrysler Automobiles N.V. announced the sale of its automotive components unit Magneti Marelli for a price Read more…
US Even though the end-of-October rate increase to 2.25%, it did not catch the market by surprise, the markets experienced some turmoil in the following weeks. Since our last recap on 07/10/2018, there has been a significant correction in the major global indices, most prominently in the US, as you Read more…
In this article, we will suggest some reasons to consider an investment in the Russian economy, by first introducing the international economic environment, then the specific Russian economy and finally provide an investment strategy. Why to Invest in Russia? The purpose of the article is to show why an investment Read more…
In this article we analyze the so called “sector rotation”, which can be seen in the US stock market since the second half of 2018 and we try to exploit this phenomenon by identifying some interesting investment opportunities in the undervalued sectors. More specifically, in the first part of the Read more…