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Weekly research notes covering the full spectrum of asset classes

The Infosys Fiasco

October 21, 2017 / admin

By Fiona Huang and Kantesh Krishnam A Spat Worth Three Billion Dollars Infosys Ltd. could do with some support; a spat—led by ex-chairman NR Narayana Murthy—between the board of the Indian computer services giant and its founders, prompted Chief Executive Officer, Vishal Sikka, to resign. As the latest example of how India’s venerable business titans […]

Evercore: Behind the Curtains of a Leading Investment Bank

October 14, 2017 / Tasleem Ahmad

Today, we are going to look behind the scenes of an investment bank to see its inner workings. In this article, we will break down the income sources of Evercore and attempt to value the company, all whilst including a few M&A industry statistics, along with some information we found particularly interesting—such as the wage […]

Investment Thesis on Volkswagen

October 9, 2017 / Stefan Larsen

By Baptiste Joly and Stefan Larsen Background The car manufacturer Volkswagen, hurt by a $25b-plus liability for the diesel emission scandal in 2015, with share price at $142.8, has been on a slow recovery since it was exposed by the U.S. authorities on October 2nd 2015. Analysts see this fine as a one-off on the balance […]

The Hedge?

October 6, 2017 / Yee Kiat

  During the summer, I had the opportunity to shadow this trader who had been in the same line of work for over 30 years. Needless to say, the experience was priceless. What I am about to bring to the table today though, is a variation of the trading method of pair trading. Traditionally, pair […]