Incisive Views from Professionals
The global economy is slowing down, not least from the threat of coronavirus, and with it comes the rising likelihood of distressed M&A transactions. To the economic slowdown add broad structural changes in several industries and distressed M&A deals are expected to rise in 2020. Under higher pressure and an accelerated timeframe, how can dealmakers make the best out […] Read more »
From Lyxor Asset Management* Hello, Please find attached this week’s Lyxor Weekly Brief. This is a weekly report from Lyxor’s Cross Asset Research team, focused on hedge fund flows, performance and positioning. It aims at identifying trends in hedge fund investing every week, while leveraging on the proprietary information accessible through the Managed Account Platform. […] Read more »
By the Capital Solutions Team of Barclays Prime Services* In light of the recent performance of event-driven HFs, we wanted to understand how it had affected investors’ perceptions of the strategy, and what their likely allocation plans were with regard to event driven strategies as a result. Performance versus investor expectations We began by […] Read more »
By Hedge Fund Insight staff Introduction – Part One This article is divided into three parts. The first part is the genesis of the article – the new supply of funds engaging in the strategy of merger arbitrage, including one from Paulson & Co. The second part is John Paulson’s writing on the strategy […] Read more »
From Lyxor Asset Management March has been a positive month for risk assets. As soon as mid-February, the Fed started to prepare markets for a softer stance than expected by market participants. Mid-March, it delivered at the FOMC meeting with a downward revision of growth and inflation forecasts for 2016, consolidating the rally in […] Read more »
By Jean-Marc Stenger, CIO for Alternative Investments, Lyxor Asset Management Macro Themes: After navigating between Scylla and Charybdis in 2015 amid growth and deflation scares, 2016 should provide some limited relief. The sturdy, yet aging, expansion in the US should warrant the inception of monetary policy normalization this December. However, all the concerns – […] Read more »
By Aimee F. Kish and Kurt L. Braitberg of TeamCo Advisers. _______________________________________________ In 2013, Argentine debt was badly battered. The bonds, which had defaulted and subsequently been renegotiated over a decade earlier, began to crumble. The 7% of debt holders who refused to convert to the new terms became locked in a legal battle […] Read more »
From Deutsche Asset & Wealth Management* Event-driven Equity special-situation-orientated managers and those running moderate net exposures (i.e. with long and short exposures to the market that are roughly in balance) continue generally to fare better than their credit and more directional peers. Within the merger-arbitrage sector, we prefer nimble and smaller managers which can […] Read more »
By Hedge Fund Insight staff Event Driven Fund Universe By Investment Strategy Event Driven Investor Universe Asset Flows To Event Driven source:Eurekahedge Event Driven Launches By Sub-Strategy and Year Returns From Event Driven Funds At The Index Level source: Barclayhedge *Funds over $100m in assets *NOTE: The top performing […] Read more »
From Merrill Datasite/MergerMarket Related article: Visium On M&A – Treasury Dept Regs, Mega-Mergers, PE And M&A Outlook (Dec 2014) Read more »