Securities Lending: Insights on borrowing demand and revenue drivers in the securities lending market.
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.
Continue reading “From the Securities Lending Trading Desk – Week of May 13th”
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”
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.
Continue reading “Precidian Paves the Way for Non-transparent, Active ETFs”
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.
Continue reading “Finadium Investors in Securities Lending Conference 2019”
In the Americas, directional demand persists for cannabis producer, HEXO Corp.(HEXO). In Asia Pacific, Australian vitamin maker Blackmores Ltd announced a slump in third-quarter profits last week as it saw its sales in China decline once again. In Europe, lending demand for Mediaset strengthens as the TV company announced an appetite for M&A.
Continue reading “From the Securities Lending Trading Desk – Week of April 22nd”
In the Americas, hydrogen fuel cell manufacturer, Ballard Power Systems, announces agreement with Norled A/S. In Asia-Pacific, the passing of the Chairman of Korea’s largest airline has threatened to disrupt his family’s control over the group company. In Europe, convertible bond activity has been a focus for securities lending demand this week.
Continue reading “From the Securities Lending Trading Desk – Week of April 15th”
In the Americas, we saw an increase in directional demand for Eastman Kodak Company (KODK). In Asia Pacific, Chinese auto makers rallied strongly last week on news that a leading firm may receive subsidies on green cars. In Europe, Superdry shares dropped as much as 25% this week as its founder won a controversial vote to return to the company.
Continue reading “From the Securities Lending Trading Desk – Week of April 8th”