Sunday Press Review

PROFILE: ON THE LEADING EDGE, BLYTHE MASTERS

PROFILE: ON THE LEADING EDGE, BLYTHE MASTERS Boca Raton, June 1994. In the soft warmth of the Florida sun, a group of junior bankers from JP Morgan enjoy a good time around the swimming pool of the famous Boca Raton Resort & Club hotel, drinking pina-colada and taking sunbaths. It looks like they are on vacation but they actually aren’t. Gathered under the authority of Peter Hancock, the head of the Global Derivatives group in the bank, they are working…

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DECEMBER 2016 : THE FEDERAL RESERVE SLIGHTLY INCREASES ITS RATES FOR 2017

DECEMBER 2016 : THE FEDERAL RESERVE SLIGHTLY INCREASES ITS RATES FOR 2017 On December 14th, the Fed announced that its benchmark interest rate would rise by 25 basis points, to a range between 0.5% and 0.75%, exactly like it did one year ago, in December 2015. Concomitantly, the Fed’s projections forecasted that interest rates will rise in 2017, to close to 1.5% by year’s end. In 2015 also, the Fed projected to increase interest rates gradually to 1.5% by year’s…

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DECEMBER 2016 : 2016 M&A ACTIVITY BOOSTED IN 4TH QUARTER

DECEMBER 2016 : 2016 M&A ACTIVITY BOOSTED IN 4TH QUARTER Sunoco Logistics acquiring Energy Transfer Partners for $52bn, AT&T’s agreeing to purchase the media group Time Warner for $108bn, including debt, German conglomerate Bayer making the acquisition of Monsanto for $66bn in September, … A late rush of large takeovers during the last months of 2016 boosted global dealmaking to its second-best annual level since the financial crisis as thirst for corporate acquisitions continued despite political turmoil and strong regulatory…

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DECEMBER 2016 : SKY IS THE LIMIT? THE S&P 500 RUNS BULL in 2016 AND 2017

DECEMBER 2016 : SKY IS THE LIMIT? THE S&P 500 RUNS BULL in 2016 AND 2017 The S&P 500 index is on its way to perform its biggest annual recovery (11% increase) since the beginning of the bull market, witnessing the come-back of confidence among investors after the worst start to a year on record. 2016 indeed started brutally as the S&P 500 index decreased by 10,5%, reaching its lowest point in February. Markets feared that the US economy’s recovery…

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NOVEMBER 2016 : UBER, FOR THE CONQUEST OF AFRICA

NOVEMBER 2016 : UBER, FOR THE CONQUEST OF AFRICA Not only in Paris or London does Uber have complicated relationships with traditional taxi drivers. In Africa also, lead taxi drivers the rebellion against the famous San Francisco-based transportation company. Methods of protests may however slightly differ: instead of lobbying the government or justice to erect regulatory barriers, taxi-drivers in some African cities have taken matters into their own hands. For instance, at the airport and main railway stations in Johannesburg…

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OCTOBER 2016 : FROM ONE SERVICE STATION TO ANOTHER

OCTOBER 2016 : FROM ONE SERVICE STATION TO ANOTHER Nestled between the Rocky Mountains and the Prairies-Great Plains in the wild US State of Colorado, Denver is a crossroad where usually black bears hunters meet buffalo hunters. Yet, two weeks ago, the city gathered a new tribe of hunters, coming from all over the US with their suitcases and their perfectly ironed suits. Far from hunting for fresh meat, they came to Denver to hunt for fresh financial advices at…

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APRIL 2016 : SPAIN FINANCIAL MARKET OUTLOOK

APRIL 2016 : SPAIN FINANCIAL MARKET OUTLOOK The economic rebound in Spain has attracted the attention of many high-profile international investors including Carlos Slim, George Soros, and Bill Gates. According to Bloomberg Group forecasting for European growth, Spain is expected to lead Western Europe in growth for at least the next 2 years. Investors are particularly interested in real estate; long a volatile asset class in Spain, as capital inflows to Spanish construction companies and developers exponentially increases. The marketplace is…

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MARCH 2016: MASSIVE MARKET M&A DEAL ANNOUNCED

MARCH 2016: MASSIVE MARKET M&A DEAL ANNOUNCED This week, Deutsche Boerse has made a confirmed bid to purchase the London Stock Exchange Group. According to Bloomberg News “LSE-Deutsche Boerse would be the world’s biggest exchange operator by revenue and second-largest by market value”. The deal is aimed at keeping operations and management as egalitarian as possible, evenly splitting the board of directors, despite Deutsche Boerse shareholders taking a 54.4% in the finalized merged group. The company will be listed in…

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FEBRUARY 2016 : RAISING RATES ?

FEBRUARY 2016 : RAISING RATES ? Back in December 2015, many criticized Fed chair, Janet Yellen, for raising rates too prematurely citing that she is putting too much weight on lagging indicators such as employment and wage growth. With the Dow down 8.33% and the S&P 500 down 8.77% since the beginning of the year, markets have reacted negatively to Yellen’s bias towards higher rates. Yellen’s strategy of basing Fed policy on incoming economic data, but trying to simultaneously prepare markets for…

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FEBRUARY 2016 : ALTERNATIVE INVESTMENT, LOW RETURNS ?

FEBRUARY 2016 : ALTERNATIVE INVESTMENT, LOW RETURNS ? The question of alternative asset-managers’ performance in markets once again becomes more interesting as U.S. private equity giant KKR reports large gains this quarter. Following a general downward trend across the private equity field, the news comes at a time where alternative asset managers are facing more questions than ever. Following the CALPERS announcement of divestment from its stake in hedge funds and many other alternative investments back in 2014, the alternative…

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