On 22nd April the AMF Enforcement Committee fined Elliott Advisors UK Limited and Elliott Capital Advisors L.P. for failing to comply with their reporting obligations in connection with a simplified public tender offer and, in the case of the former, for obstructing an AMF investigation. This is one of the largest fines in the regulator’s…
Heavy redemptions during the COVID-19 induced sell-off sparked concerns amongst Regulators across Europe who have subsequently increased the scrutiny on liquidity of asset managers in varying manners. In Luxembourg, the CSSF’s first questionnaire covering the period from 13 April 2020 to 17 April 2020, must be submitted to the CSSF by 22 April 2020. The…
With lock-downs implemented by authorities across the globe to smother the COVID-19 pandemic, oil demand has been sapped and producers are running out of storage for their excess barrels of crude. Brent crude dropped below $20 per barrel for the first time in 18 years while other major benchmarks across the world tumbled – US…
The Sky is Falling! (or is it?) According to a report from S&P from 2016 over $1 Trillion of corporate debt was set to fall due in 2020, a possible maturity wall. Why does this matter? Well, the report also notes that over 32% of this is at a “speculative grade”. Sure, that’s fine, they…
We are in the midst of a Black Swan, an unpredictable event with extreme consequences. This raises questions for Funds and how they manage these risks, maintain liquidity and most importantly, keep the lights on. Black Swan events such as these are hard to see coming, naturally. What can be done? Look to the past!…
Tesla shares correct harshly in previous days trading with pre market data indicating a possible continued decline Disclaimer – This does not constitute investment advice or a recommendation
As Tesla’s price drives ever higher what does it tell us about the future of ever the automotive industry globally? Perhaps more importantly does their pricing represent real intrinsic value or is it propped up on expectations on production and their exuberant CEO? https://www.nytimes.com/2020/02/04/business/tesla-stock-price.html
Its an undeniable fact that the global climate is changing for the worse, just look at Australia recently. As crises deepen and widen how can the fund management industry adapt and respond? What changes will the next generation of Eco-Conscious retail investors bring about? What is known for a fact is that investors vote with…
Citi has suspended one of their top tier bond traders after a theft allegation from their canteen. It just goes to show there really is no such thing as a free lunch https://www.ft.com/content/b7c1952a-467b-11ea-aeb3-955839e06441
