The purpose of this article is to analyse the performance in the European markets – during the last five years – of two strategies that refer to two well-known market anomalies: the value and the size anomalies. Before looking at the results of our research, we will briefly discuss the Read more…
Bocconi Chinese Student Association and Bocconi Students Investment Club are happy to present you: China Talks- The Modern Silk Road: Chinese M&A in Europe Bocconi Chinese Student Association and Bocconi Students Investment Club are happy to present you: Guest Speaker Tommaso Lazzari Seta Capital Candice Yang Gianni, Origoni, Grippo, Cappelli Read more…
Reckitt Benckiser Group (LON: RB) – market cap as of 17/02/2017: $61.7bn (£49.71bn) Mead Johnson Nutrition Company (NYSE: MJN) – market cap as of 17/02/2017: $16.05bn Introduction On 10 February 2017, UK-based consumer goods multinational Reckitt Benckiser (RB) and US-based infant nutrition leader Mead Johnson reached an agreement by means Read more…
Introduction The aim of this article is to analyse the current price valuation of the biggest players in the gun manufacturing industry, trying to assess if they are correctly priced. We will begin with a brief overview of the recent past in the guns industry, followed by an extensive analysis Read more…
The concept of risk parity is not well-known among market participants. However, its resiliency to different market environment makes it a very interesting capital allocation strategy. It was first theorized in the sixties by Ray Dalio – founder of Bridgewater Associates – when he tried to find an answer to Read more…
United States On the week ended February 17, 2017, US stocks closed at record highs as investor sentiment remains positive given the possibility of changes to US corporate tax structure, as well as the likely loosening of regulations. The Dow Jones Industrial Average increased by 1.4% to 20,624, while the Read more…
SoftBank Group Corp (TYO:9984)—market cap as of 17/02/17: ¥88.84tn (€74.19bn) Fortress Investment Group LLC (NYSE:FIG)—market cap as of 17/02/17: $3.08bn Introduction On February 14, 2017, the Japanese conglomerate SoftBank Group Corp. announced the acquisition of Fortress Investment Group LLC for $3.3bn in cash. The deal represents a radical departure from Read more…
Allergan PLC (NYSE: AGN) – market cap as of 16/02/2017: $82.86bn Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ) – market cap as of 16/02/2017: $2.23bn Introduction On February 13, 2017, the biopharmaceutical giant Allergan PLC announced that it entered into an agreement to purchase the medical technology company Zeltiq Aesthetics Inc. in Read more…
Brazil is coming from a three-year recessionary period, with an unemployment rate still above 12%. Despite this, the Bovespa index (IBOV), which is the top equity index for the Sao Paulo Stock Exchange and has 59 components, is up almost 10% since January 1st 2017 and up 70% since January Read more…
It is widely known that the USA and the EU are in different economic conditions: the American economy has risen from the crisis and the FED is tightening the policy, while Draghi, the president of the ECB, declared that they will keep the quantitative easing going. Unemployment in the US Read more…
United States Last week saw US equities slightly increasing in a low-volatility environment. Indeed, the S&P 500 closed 0.81% up from last week close, while the Nasdaq and the Dow Jones closed on Friday up 1.18% and 0.92% respectively from the previous week. The VIX index floated between 10.5 and Read more…
Cisco Systems Inc. (NASDAQ: CSCO) – market cap as of 09/02/2017: $158.55bn AppDynamics – private company Introduction On January 24, 2017, Cisco Systems Inc. announced that it entered into an agreement to acquire the private software company AppDynamics Inc. in a transaction that is valued at c. $3.7bn. According to Read more…
Johnson & Johnson (NYSE: JNJ) — market cap as of 10/02/2017: $310.36bn Actelion (VTX: ATLN) – market cap as of 10/02/2017: CHF 28.13bn Introduction On the January 26, 2017, the US healthcare behemoth Johnson & Johnson announced the acquisition of the Swiss biotech company Actelion for $30bn in cash. Read more…
Luxottica Group S.p.A. (BIT: LUX) — market cap as of 10/02/2016: €24.15bn Essilor International SA (EPA: EI) — market cap as of 10/02/2016: €23.72bn Introduction On January 16, 2017, Italy-based eyewear leader Luxottica SpA and French lensmaker Essilor International SA announced one of the largest cross-border mergers ever in Europe. Read more…
The Bocconi Students Investments Club is excited to announce our new partnership with the WHU Private Equity Conference. Are you intrigued by Private Equity, Venture Capital, and Consulting? Don’t miss your chance to apply for the 12th Campus for Finance – WHU Private Equity Conference, which will take place the 30th Read more…