UBS is assessing the effect of First Brands’ bankruptcy on its investment funds, with exposure totaling over $500 million. The U.S. auto parts supplier filed for bankruptcy following financial irregularities, triggering concerns across private credit and corporate debt markets. While the economic impact is manageable for UBS, analysts note the reputational and regulatory implications amid...
Dutch cryptocurrency company Amdax has successfully raised €30 million ($35 million) to launch its Bitcoin treasury program under the new entity AMBTS, which will be listed on the Dutch exchange. CEO and co-founder Lucas Wensing stated: “The closing of this round is an important milestone. We now move forward with our bitcoin strategy, aiming to...
Systematic or quantitative hedge funds have experienced losses every day since October began, according to a Goldman Sachs client note. As of Monday, these funds were down around 1.8% for the month, marking one of the worst four-day trading returns in almost two years. The losses are attributed to crowded trades and a technical deleveraging...
WeWork India Management (WEWO.NS) successfully closed its $338 million IPO on the final day of bidding, driven primarily by institutional investors, while retail participation remained cautious due to its premium valuation. The subscription highlights strong confidence from institutional investors in the domestic co-working space, despite cautious retail sentiment over high valuations and tight margins.
Mutual funds investing in gold mining companies are stealing the spotlight in 2025, outperforming even AI and tech funds. Investors are betting that record gold prices will drive strong margins, cashflows, and shareholder returns. Key Highlights: “At 30% free cash flow margins, gold companies have never had it better,” says Adrian Hammond, SBG Securities.
Emerging markets are increasingly capturing private credit flows as investors seek higher yields and developed markets become saturated. Angola’s Atlantic coast fuel refinery exemplifies this trend, financed largely through private capital led by Gemcorp, highlighting a paradigm shift in global lending. Key Takeaways: “Emerging market companies have been doing this for a long time,” says...