On Wednesday, the Securities and Exchange Commission (SEC) approved 3 to 2, the 458 page derivative use rules aimed at enhancing the regulatory framework for derivatives in the U.S. The Investment Company Act limits the ability of registered funds and business development companies to engage in transactions that involve potential future payment obligations, including obligations…
US private equity firm Ares Management is currently in talks to buy scandal hit AMP, one of the largest finance groups in Australia. Market cap of AMP currently stands around 3.84BN USD, so no small potatoes for a potential suitor. AMP has been in the headlines since 2018 after an inquiry found it had mislead…
Terry Smith, the enigmatic founder of Fundsmith and Manager of the ever popular Fundsmith Equity Fund has released a book. It consists of a series of essays written over the last 10 years. The book offers a deep dive into equity markets and valuation of their companies. This isn’t Smiths first rodeo however, publishing Accounting…
Following further lockdowns, restrictions and unimpressive earnings from US tech giants, equity markets are on track for their worst week since March. As we move forward closer to year end, with increasing infections and more disruptions to businesses, its not a stretch to think that its going to be a long, hard winter for markets…