Securities Lending: Insights on borrowing demand and revenue drivers in the securities lending market.
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”
In the Americas, Lyft stock will be organized in a dual class structure with Class A & Class B shares. In Asia Pacific, ZTE Corp forecasted better than expected earnings for the first quarter of 2019. In Europe, short positions grow for struggling UK construction contractor Kier Group (KIE LN).
Continue reading “From the Securities Lending Trading Desk – Week of April 1st”
In the Americas, A short squeeze has fee levels spiking for allocations of Sorrento Therapeutics, Inc. (SRNE). In Asia Pacific, Kingdee International Software sank in Hong Kong trading after a critical report was released calling the company a bubble stock. Several European stocks announced details of capital raising.
Continue reading “From the Securities Lending Trading Desk – Week of March 25th”
In the Americas, we have seen increased demand for Turtle Beach Corp. (HEAR), a video-game headset maker, ahead of their fourth-quarter 2018 financial results. In Asia Pacific, China’s largest electric-vehicle maker is continuing to feel the effects of the central government’s decision earlier in the year to reduce subsidies to the industry. In Europe, Elliot Management Corp and Vivendi set to go to war again over Telecom Italia Spa (TIT IM) board.
Continue reading “From the Securities Lending Trading Desk – Week of March 18th”
In the Americas, Eli Lilly and Company (LLY) completes a spin-off of its remaining interest in Elanco Animal Health (ELAN). In Asia Pacific, a new announcement caused shares in Kawasaki Kisen Ltd to slide as much as 10%. In Europe, UK retail is a focus for borrowers again this week as Debenhams returns to the headlines.
Continue reading “From the Securities Lending Trading Desk – Week of March 11th”