The UK fixed-income market delivered fresh drama last week after AXA Investment Managers unexpectedly halved its exposure to UK government bonds. The move came immediately after the government reversed expectations and confirmed no income tax increase, sending borrowing costs surging and rattling investor confidence ahead of the next budget. For AXA’s senior portfolio manager Nicolas...
AXA Investment Managers moved quickly on Friday, cutting its exposure to UK government bonds by half in several portfolios after the government confirmed it would not raise income tax—an announcement that caught markets off guard and drove borrowing costs sharply higher. The adjustment comes ahead of the upcoming budget, with AXA’s senior portfolio manager Nicolas...
The Singapore Exchange (SGX) is stepping deeper into digital assets, announcing it will launch Bitcoin and Ether perpetual futures on November 24, exclusively for accredited and institutional investors. This move marks one of the most significant steps by a major Asian exchange to institutionalize crypto derivatives — especially as global financial players seek regulated, liquid...
A new development in Germany’s renewable energy sector has emerged as activist fund Enkraft urges ABO Energy to ensure that its ongoing sales process protects all shareholders, not only the founding families who currently hold 52% of the company. The call comes after ABO Energy announced in late September that it had appointed private bank...
A new shift is emerging across global markets as lenders quietly hedge against the rapid, debt-fueled expansion of major AI players. According to Reuters, Boaz Weinstein’s Saba Capital Management has been selling credit default swaps (CDS) to banks seeking protection on Oracle, Microsoft, Meta, Amazon, and Alphabet, amid growing fears that the AI investment boom...
The rapidly expanding $3 trillion private credit market is facing renewed anxiety after Blue Owl moved to restrict investor withdrawals from one of its debt funds ahead of a major merger—intensifying fears that risks are building in the most opaque corners of global credit. Bankruptcies expose hidden fault lines Concerns have been mounting after the...