Financials

A Shaky Year for Hedge Funds by Oliver Dyson

Hedge funds suffered their worst year since the financial crisis in 2018, largely due to high market volatility in the fourth quarter that ended up wiping out all of the year’s gains, causing the S&P500 to fall by 6% in total last year. Assets under management declined while investor redemptions increased, making last year the…

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Gilets and Court Cases: Orcel’s botched hiring by Luke Rochussen

If offending the sartorially educated didn’t draw enough attention to the ex-head of the UBS investment bank, the gilet-wearing Andrea Orcel is reportedly preparing to mount legal action against Santander following a row over a €50 million compensation package. Educated at the University of Rome and then at the INSEAD in Paris, Mr Orcel has…

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Blockchain: How it works by Mattia Tino

Over the past two years, everyone has heard about the rise and fall of currencies like Bitcoin, Ethereum and Ripple. Experts call them “Cryptocurrencies” and behind their operations, is an extremely complex engineering structure.  The software, blockchain, may rewrite the way which we manage transactions. Blockchain is a ledger, a register, which records transactions which…

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Deutsche Bank’s woes continue by Luke Rochussen

On Wednesday, shares in Deutsche Bank fell to a new record low as the criminal investigation into the suspected money laundering activities of the bank’s wealth management unit continued. Then, on Thursday, the share price dropped even further following revelations that Deutsche Bank may have processed an additional €31bn of questionable funds in the Danske…

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A decade of recovery for private equity by Justin Knight

In essence: private equity (PE) refers to ownership of a company that is not publicly traded. However, since the boom of transactions funded by significant proportions of debt during the early 1980s, the term has come to describe a firm which pursues this particular type of investment strategy. A Leveraged buyout (LBO) is a type…

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Hong Kong Equity Markets 101

Jonathan Eng With China seeking to establish itself as the next global hegemon and Trump’s ‘America First’ Policy continuing to rewind previous efforts for globalisation, perhaps it’s an opportune time to better understand what exactly is going on in the Oriental East. With China continually promoting its Belt and Road Initiative, the internationalisation of the…

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Stocks Slide as Bond Selloff Panic Sets In

Shawn Lim Companies such as Visa, Exxon, and Apple were amongst the biggest drops in the European and American stock markets that tumbled from record highs reached less than a month ago. On Tuesday 30th January, the pressure of the global bond market resonated across equity markets with US stocks sliding 0.8 percent in the…

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The Looming Menace of MiFID II

Guy Mitchell While the New Year is set to be a joyous occasion for many, there’s an ominous shadow looming in the minds of Europe’s finance professionals. The second iteration of 2004’s Markets In Financial Instruments Directive (MiFID) rolls out on January 3rd 2018, much to the chagrin of a woefully underprepared financial services industry.…

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