Weekly research notes covering the full spectrum of asset classes

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 […]

Crude Oil Price Drivers Favor Bulls

September 29, 2017 /Fiona Huang

After the OPEC meeting in Vienna on Friday, Brent closed at 56.76 last week, hitting a new high since the beginning of the year. WTI also hits a new high since May, closing at 50.63 on Friday. However, the meeting on Friday did not give any clear signal about new oil cuts. In fact, Alexander […]

Start-Ups in Italy – Interview

September 21, 2017 /Marco Fraire

Italian version below   Although the Italian start-up scene is not the most developed in the world, some venture capital companies in Italy are able to stand out in a positive way. One of these is P101. Its Managing Partner, Andrea Di Camillo, has agreed to answer some of our questions. If you are interested […]

Residential Housing in Australia – a 2 Trillion Bubble

September 18, 2017 /Felix Lim

Background on Residential Housing in Australia In 2007, the crash of the U.S housing market quickly led to a severe Global Recession. Cheap and easy financing allowed people to buy, build and ‘invest’ easily in real estate. While Australia emerged relatively unscathed from the Great Recession, recent market activity suggests that a similar bubble is […]