The Standout Asian Market for Securities Lending

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.

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From the Securities Lending Trading Desk – Week of May 20th

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.

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Four Takeaways From the 2019 Finadium Investors in Securities Lending Conference

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”

From the Securities Lending Trading Desk – Week of May 13th

In the Americas, lending fees have skyrocketed for coal mining company, Cloud Peak Energy. In Asia Pacific, there’s an increase in demand for Softbank Corp following an announcement that it will become the largest shareholder of Yahoo Japan. In Europe, demand continues for Purplebricks as one of its founding partners exits the company.

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From the Securities Lending Trading Desk – Week of May 6th

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.

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Many Routes to Successful Lending Returns

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. 

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From the Securities Lending Trading Desk – Week of April 29th

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.

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Precidian Paves the Way for Non-transparent, Active ETFs

Interesting article from our ETF colleagues on the recent announcement from the SEC allowing Precidian Investments contingent approval to license actively-managed, non-transparent ETF structures – the first ETF of its kind to gain initial approval.

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Finadium Investors in Securities Lending Conference 2019

Brown Brothers Harriman is pleased to be sponsoring the Finadium Investors in Securities Lending conference in New York next week, where our experts will be taking part in several panels. The conference will take a forward evolution to help experienced and new investors understand the securities finance market.

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