Its been reported via the FT that since January, 45% of UK based Active Fund Managers failed to beat the SP UK BMI Benchmark. Further research over a 10 year period show more than 66% failed to beat the benchmark. The traditional USP of active management is that despite higher fees they offer index busting…
It has came to light that Caesars Entertainment, owner of the renowned Caesar’s Palace Casino amongst many others is in “advanced talks” to buy betting group William Hill. It is understood they are fending off stiff competition from Apollo private equity group. Hold on, Apollo, Caesar? This has all the makings of a classical tragedy,…
In recent news UBS has announced that it wants to test out new virtual reality systems for its traders. These would be used to simulate a trading floor environment including displays which incorporate real time financial data. Its certainly an interesting concept and one which comes at a time when return to an office, especially…
It has came to light in a report today by the House Transport Committee in the US that Boeing knowingly concealed and downplayed issues with its MCAS flight system. This comes after two catastrophic crashes of their 737 Max Planes, tragically costing 346 human lives. The report outlines that pilots were often prevented from simulator…
FAANG is an acronym commonly used to describe the 5 biggest tech stocks: Facebook, Apple, Amazon, Netflix and Google. These are big ticket items to say the least. In an unusual turn of events last SoftBank (who we’ve mentioned previously) was found to be holding massive Call positions in US stocks, especially tech related…
It is said the definition of insanity is repeating the same action over and over again and expecting a different outcome. Its been reported a number of US execs have been given cushy retention bonuses in response to their companies declaring bankruptcy. This just doesn’t sit right. Has executive compensation departed so far from…
As news emerges of a possible vaccine from Russia the world holds its breath at the possibility of a potential global solution. Unsurprisingly there has been high levels of scepticism and speculation surrounding the viability and more importantly the safety of the vaccine. To say the country has a shady history in regards to…
It seems like a story lifted straight from a movie, investors having been buying bonds backed by Italian Mafia run front companies. Banca Generali, a private European body, bought up a lot of the debt and to much surprise the consulting was performed by EY. Where have we heard them mentioned recently? DING DING DING.…
The UK in collaboration with India’s Bharti Enterprises have won a joint bid for the satellite broadband operator OneWeb. This will go into direct competition with Elon Musk’s Starlink. They have lauded this as a fantastic global opportunity where they hope to attain a 10% global market share in the commercial space sector by 2030…
Confirmation Bias can be defined as the tendency to search for, interpret, favour, and recall information that confirms or supports one’s prior personal beliefs or values. As the Wirecard scandal rumbles on and the role of EY is further scrutinised we cannot help but wonder what went wrong and more importantly who is to blame.…