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GC Asia
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John Hempton’s funds enjoy record March
Bronte Capital’s funds posted bumper gains in March. The hedge fund founded by the famous Australian short seller John Hempton benefitted from puts and shorts purchased before other investors panicked about the spread of coronavirus.
09 Apr 2020 -
CSRC mulls faster IPO approvals for Covid-19 affected firms
The China Securities Regulatory Commission (CSRC) is speeding up the approval process for IPOs and follow-ons for companies impacted by the Covid-19 pandemic, GlobalCapital China understands.
09 Apr 2020 -
Pigasse lands as Centerview’s new French boss
Centerview Partners has appointed ex-Lazard rainmaker Matthieu Pigasse as head of its new French operation, as the boutique advisory firm expands in continental Europe with a 15-strong team.
08 Apr 2020 -
FCA eases working capital statement rules in response to Covid-19
Equity markets welcomed new measures from the Financial Conduct Authority (FCA) to ease requirements for companies seeking to raise capital to ride out the economic havoc of the Covid-19 pandemic. The most important change is giving companies more flexibility on their 12-month working capital statements, which are required for preparing a prospectus.
08 Apr 2020 -
Crisis sparks endgame fears for Europe’s investment banks
'We are all in this together' is not a view Europe’s investment banks will recognise when they compare themselves with their formidable US rivals, writes David Rothnie.
08 Apr 2020 -
Hard-hit firms mull market rescues as governments change support goalposts
Companies in sectors that lack government support packages are having to weigh moving quickly to secure costly private-sector rescue capital against waiting and hoping governments extend existing bailout or liquidity schemes to them. The cost of Carnival Corp’s $6.25bn package last week showed how expensive private sector cash can be, but many sectors’ prospects of receiving public money are better than the Panama-domiciled cruise company.
07 Apr 2020 -
Insurers bulked up on airline risk as export credit agencies pulled out
Private sector insurance companies have written extensive guarantees for the purchase of new aircraft from Boeing and Airbus in the past two years, filling a gap in the market left by the retreat of US Eximbank and European export credit agencies. But with aircraft around the world grounded and airlines slashing capital expenditure, these insurance firms could be stuck with the risk.
02 Apr 2020 -
UK body gives thumbs up to pre-emption relaxation
The Pre-Emption Group, an assembly of listed companiesm investors and intermediaries that monitors pre-emption rights in the UK, has changed its guidelines to say that the impacts of the Covid-19 coronavirus means investors should support companies selling new shares worth up to 20% of their market capitalisation without giving existing shareholders first refusal.
01 Apr 2020 -
Backlash against short selling ban grows
A financial industry fightback against bans on short selling by some jurisdictions is picking up pace, as lobbyists argued against the restrictions this week.
31 Mar 2020 -
HSBC appoints new capital markets co-heads for MENAT region
HSBC has promoted two bankers internally to head up its capital markets business in the Middle East, North Africa and Turkey.
31 Mar 2020
