Analyses are solely the work of the authors and have not been edited or endorsed by GLG.
All ETFs are not created equal
September 16, 2009
FINRA Investor alert on leveraged and short ETFs | www.finra.org
Regulatory concerns over leveraged and special ETFs are justified because the most popular funds lack transparency and could be marketed more accurately. This is not the case however for all ETFs, some simply “do what they say on the tin”.The differences between three very different types of leveraged long ETFs are analyzed briefly:Simple leverage“CPPI” based“futures” based
A good recipe for equity raise and acquisitions
September 15, 2009
MedAssurant Buys Catalyst- Middle-market M&A is beginning to pick up after massive corporate mergers. | www.mergersunleashed.com
Many company approach an equity raise and/or acquisition strategy with little forethought and guidance. MedAssurant has provided us with a very good road-map for both.
Has the equity markets gone ahead of the fundamental economy?
September 14, 2009
It is a good time to start buying into Singapore equities again? | hwhglobal.ning.com
The equity markets is no longer a forward looking indicator of the economy, we believe that the equity markets is an affirmation of the current state of the economy.
Near-term short on Daiwa is in order
September 14, 2009
Daiwa to buy out SMFG from venture for $2.2 billion | uk.reuters.com
1. A large, research-driven brokerage that has never fully adjusted to the realities of the post-90s Japan needed the deal-making and distribution muscle of SMFG.2. Its tightening of the relationship over a year ago was based on recognizing that weakness.3. The buy-out reflects a refusal of Daiwa leadership to try merging its culture with that of Nikko Cordial and the aggressive Sumitomo. A go-it alone strategy will be difficult - and lead to a new partner next year.
P&C Reinsurance Rates for the Renewals 2010
September 13, 2009
Munich Re, Swiss Re May Struggle to Increase Rates | www.bloomberg.com
Although the major reinsurance players have anticipated in Monte Carlo a hardening or stabilization of the renewal reinsurance terms and conditions, most of the lights show a trend toward a softening. Only a major catastrophe happening during the remaining part of the year or a further crash of the financial markets could justify a hardening.
September 11, 2009
Banking On Fantasy | www.forbes.com
Several top Institutional Investors have equity invested (albeit a extremely low percentage of capital invested), along side longtime directors, executives and investors in CASCADE BANCORP.
September 10, 2009
Daiwa to buy out SMFG from venture for $2.2 billion | uk.reuters.com
Is there still room for a second independent integrated Securities House in Japan ?
Voluntary Governance is Much Better than Forced Governance
September 9, 2009
ILPA Issues Guidelines | www.mergersunleashed.com
VC and equity firms have recently come under pressure to change some of their practices. In the past, those that have incorporated self-governance to ward-off forced changes have found the new requirements to be more lenient and less costly.
Location, Location, Location... & Transparency
September 9, 2009
Cascade Bancorp enters into agreement with FDIC | www.bizjournals.com
With the recent history of global & US banks equity stripping, and US banks closed by the FDIC, it is due time for Bank Holding Company management to provide clear and concise press releases on a very urgent and timely basis.
Furthering Macquarie's Vertical Strategy
September 9, 2009
Macquarie in talks to acquire Fox-Pitt: source | uk.reuters.com
By acquiring a respected financial services industry boutique like Fox Pitt in the current market environment, Macquarie can enhance its positioning across a number of business lines and move closer to a full service operation. All signs point to higher long term capital requirements across the financial service spectrum, and the distribution of banks and insurers (by asset size) in the US implies that many are too small to merit the attention of the remaining broad line investment banks.
New FINRA Rule 2210-Simplification Whose Time Has Come
November 4, 2009
ADP Must Grow Three Major Markets for Continued Success
October 22, 2009
Battle for Dominance in Mortgage Fraud Analytics Space
October 17, 2009
All hands on deck, full steam ahead
September 7, 2009
Dollar destined to be second class currency in world's largest banana republic
September 1, 2009