The NIC’s March 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, Gonçalo Santos elaborates on the rise of SPACs. Moreover, in our Regional View, Sebastian Hartmann examines the Covid-19 vaccine rollout in Africa.
Our Investment Banking Division will guide you through February’s M&A overall activity. Read about Jazz to acquire GW Pharmaceuticals, LVMH to acquire Birkenstock, and Goodyear to acquire Cooper. Additionally, get a detailed overview on what happened to Daimler and PJSC Gazprom, as well as consider our opinion on Private Equity and Climate Change.
Our Financial Markets Division will present the monthly results of the NIC Fund, an active relative return fund investing across three different asset classes: Equities, Fixed Income, and Commodities. 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 overall performance of the NIC Fund in February was positive, with a cumulative return of 1.46%. A return that can be mainly attributed to Equities.
On the Hot Topics of this month, Sebastian Hartmann, examines the ethics of short selling, while Madalena Azevedo, our Vice President, elaborates on Alibaba. Lastly, on our ESG review in collaboration with Nordea, Pedro Vitor, writes about Active engagement and fixed income, focusing on the Amazon rainforest.
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