In the past week, we have witnessed unprecedented levels of market action as investors continued to process both the short- and long-term implications of the COVID-19 pandemic. Additionally, news of an oil price war between the world’s largest producers, Saudi Arabia and Russia, sent oil prices down as much as 31 percent, weighing on markets already concerned about the current demand environment. By the end of the week, markets showed some elements of recovery, with European markets witnessing some of the largest daily price increases since 2008, as policy responses geared up around the world. [As of March 16, 2020] Continue reading “Markets Struggle to Find a Cure for Contagion as COVID-19 Concerns Continue to Rattle Investors”
Securities lending has never been more relevant than it is today. We are arguably entering one of the most exciting periods for the industry where challenges and opportunities are in equal measure. Where there have been binding constraints or emerging opportunities, the impetus to drive innovation and bring greater diversity of thought to the industry has become essential. As such, client engagement has never been higher with market participants reviewing their models and methods to meet this strong opportunity. Continue reading “Key Drivers Impacting Securities Lending – Join us at the IMN Europe Conference!”
As the second largest securities lending market in APAC, Hong Kong has been the success story in recent times and industry experts are seeing continued growth for clients there. Zubair Nizami, Head of Asian Securities Lending Trading at BBH recently discussed his market observations with Securities Lending Times.
Continue reading “The Standout Asian Market for Securities Lending”
In the Americas, Uber Technologies (UBER) saw its shares fall 7.6% in their highly anticipated initial public offering. In Asia Pacific, the plight of one of Japan’s leading phone display manufacturers continued to worsen. In Europe, Osram Licht AG (OSR GY) shares buck trend after a possible Bain-Carlyle offer.
Continue reading “From the Securities Lending Trading Desk – Week of May 20th”
BBH was pleased to sponsor the Finadium Investors Securities Lending conference on May 2- 3 in New York City, and represented the industry on several panels. The forum was well attended by Asset Managers, Beneficial Owners, Agent Lenders, Prime Brokers, Hedge Funds, as well as a variety of industry vendors, and provided comprehensive insights on the market trends influencing our industry. Continue reading “Four Takeaways From the 2019 Finadium Investors in Securities Lending Conference”
In the Americas, New Age Beverages Corp. (NBEV) remains a directional focus name. In Asia Pacific, Chinese automobile manufacturer Great Wall Motor Company’s shares slipped. In Europe, securities lending demand for Thomas Cook (TCG LN) increased.
Continue reading “From the Securities Lending Trading Desk – Week of May 6th”
The US economy, driven by a hard-charging stock market, large cash reserves, tax reform, and a relaxed regulatory environment, has fueled an uptick in deal-making in 2019 with no slowdown in sight. Merger activity for Q1 in the US came in at $537.6bn across 2,158 deals*, shattering the previous year’s mark of 518 deals in 2018. Led by Bristol-Myers Squibb’s offer to acquire Celgene for $96.8bn, and Danaher Corps acquisition of GE Biopharma for $21.4Bbn, healthcare accounted for the bulk of the deals followed by technology. The second quarter has been loaded with energy deals most prominently led by Chevron agreeing to buy Anadarko for $33bn.
Continue reading “Many Routes to Successful Lending Returns”
In the Americas, lending demand commenced on the heels of highly anticipated IPOs from Pinterest and Zoom Video. In Asia Pacific, shares in FIH Mobile soared after its major shareholder announced his intention to run for Taiwan’s presidency. In Europe, payment and processing servicer, Wirecard, has been a focus for lending demand following the end of its short sale ban.
Continue reading “From the Securities Lending Trading Desk – Week of April 29th”