At the beginning of the month, Beth Hammack, a senior Goldman Sachs banker and chair of the government advisory group know as the Treasury Bond Advisory Committee sent a letter to Steven Mnuchin, Treasury Secretary, warning that according to TBAC calculations, America will need to sell $12 trillion of bonds
Just as a plant needs water for growth, so does a business require capital to expand. Debt and equity are two sides of the same coin. A company may choose to finance itself with debt or equity or a combination of the two. The company approaches banks or investors for
According to The Global Impact Investing Network (GIIN), impact investment can be defined as investment made into companies, organisations, and funds with the intention to generate social and environmental impact alongside a financial return. Hence, impact investing in Africa is the deployment of investment in African companies, organisations, and funds
Index funds refer to a mutual fund or Exchange Traded Fund (ETF) that track a specified basket of underlying securities (tradable financial assets). Moreover, ETFs are becoming an increasingly popular investment vehicle amongst both retail and institutional investors. More than 4,500 ETFs managed over 4.46 trillion USD worth
Electronic trading has become an increasingly important part of the fixed income market landscape in recent years. The rise of electronic trading has enabled a pickup of automated trading (including algorithmic and high-frequency trading) in fixed income futures and parts of cash bond markets. These recent changes have resulted in
On 3rd October 2018, the iconic British marque synonymous with James Bond debuted on the London Stock Exchange, a milestone for the historically troubled carmaker, with a past marred by several bankruptcies. The shares were priced at £19, valuing the company at £4.3bn. While most IPOs are traditionally capital
After a volatile end to 2018, investors are now looking at what the new year can bring. Despite rising 7% against a broad basket of currencies in 2018, many now deem the dollar overvalued. Drawing parallels from both physics and Forex trading, it is well known that whatever goes up
Yield curve inversions have traditionally been a foretelling sign of impending recessions. To explain the idea of a yield curve, one needs to understand what exactly a yield is. A yield to maturity, or simply bond yield has multiple interpretation, the simplest being – it is the return an investor realises
The objective of this series, Risk in Investment Management and Financial Services, is to provide a top-level introduction to risk in investment management and financial services. A broader and wider understanding of different types of risk faced in investment management and financial services is critical towards our understanding of different
In the past, industry specific start-up “rules of thumb” may have been sufficient to serve as reasonable basis for any valuation concern. Combined with the unique market dynamics and regulatory environment associated with the medical technology industry, start-ups in this field present a unique set of valuation considerations. In recent
Back in 2010, Goldman Sachs was sued by the US Securities and Exchange Commission over allegations that it had misled clients over the mortgage backed securities it had sold. Internal Goldman emails surfaced showing how arrogant self-interest bankers had left their clients out in the cold to save their jobs
Turbulence in the global financial markets, particularly in the technology sector, saw equity sell offs, oil prices tumble, and dollar swings this week as concerns over the global economy intensified as investors fear growing trade tensions and weak corporate earnings. FAANG stocks, which had previously powered the recent post crisis