Using Credit Suisse’s Archegos report, we explore how without any fundamental change in corporate earnings or economic sentiment, deleveraging mechanisms can produce an ‘instant bear market’
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Using Credit Suisse’s Archegos report, we explore how without any fundamental change in corporate earnings or economic sentiment, deleveraging mechanisms can produce an ‘instant bear market’
Continue reading..Italian courts are prosecuting former officials involved in derivatives terminated by Morgan Stanley nine years ago. But the US bank actually did Italy a favour, unlike the country’s other sovereign counterparties.
Continue reading..Rampant gigantism in the stock market took a blow recently as small-cap stocks enjoyed a run of outperformance. Is this the return of value?
Continue reading..A review of the top ten articles published in the last ten years
Continue reading..Portfolio optimisation has transformed investing in recent decades. But according to a new paper, naive application of such modelling can lead to extreme or unstable trading strategies.
Continue reading..As trade tensions worsen, dollar-denominated bond issuance by Chinese real estate companies is at a record high, while credit spreads have tightened.
Continue reading..With a softening approach from central banks, borrowing-driven M&A is being rewarded
Continue reading..The decline in equity markets seen in the last few months would have been worse without the countervailing effect of buybacks. But by how much?
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One in two corporate bonds issued this year have b...
Distress is building in corners of the Chinese off...
Using Credit Suisse's Archegos report, we explore ...
Carmakers and other industries need good risk mana...