The NIC May’s Newsletter is here !
In our Macro Overview section, Analysts from both divisions will cover broad macro themes while reviewing major economic news from the past month. In our Deeper Dive section, our Vice-President João Sousa Mendes elaborates on the implications of Visa and Mastercard commitment of cutting foreign card fees. Moreover, in our Regional View, Nina Kusnirova examines the German banking sector in light of Deutsche Bank and Commerzbank merger collapse.
Our Investment Banking Division will guide you through March’s M&A overall activity. Read about Health Equity Inc. bid for WageWorks, and both Occidental Petroleum and Chevron offers to acquire Anadarko. Additionally, get a detailed overview on what happened to Danske Bank and Under Armour, as well as consider our opinion on Société Générale gloomy profits as restructuring plans take place.
Our Financial Markets Division will present the monthly results of the NIC Fund, an active relative return fund investing across four different asset classes: Equities, Fixed Income, Commodities and Currencies. The analysts will also provide commentary on each of the four major asset classes through analysis of the past month’s major market moves. The active positioning of the NIC Fund in April was 34 bps superior to the benchmark, mostly given individually stock picking outperformance.
Lastly, Lisa Preußler elaborates on Uber’s upcoming IPO and Philip Hunold examines private equity’s new perspectives for institutional investors as an alternative. Furthermore, Cong Phuoc analyses global corporate divestments trend.
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