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swiggy shares surge 15 percent on strong ipo debut in india
Swiggy's shares surged 15% on their debut after a successful IPO, raising ₹113.27 billion ($1.34 billion) and becoming India's second-largest listing this year. The IPO was oversubscribed over three times, with strong demand from institutional and retail investors. Analysts see potential growth for Swiggy's delivery arm, Instamart, despite challenges in profitability and competition in the quick commerce sector.
astrana health to acquire prospect health assets for 745 million dollars
Astrana Health is set to acquire assets from Prospect Health for $745 million, including the Prospect Health Plan and several medical groups across multiple states. The deal, expected to close in mid-2025, aims to enhance Astrana's provider network and improve healthcare access for approximately 1.7 million members.
jpmorgan anticipates significant changes in trump's second term policies
J.P. Morgan anticipates significant changes in the first two years of Donald Trump's second term, particularly regarding tax policy, deregulation, and cryptocurrency. Stefan Gratzer, managing director at J.P. Morgan Private Bank, highlighted the uncertainty surrounding crypto policies and the potential benefits of deregulation for banks.
ubs advances in blockchain payments with successful digital cash pilot project
UBS is advancing in the crypto sector with its pilot project "UBS Digital Cash," aimed at enhancing blockchain-based payments for better transparency and liquidity management. This initiative follows J.P. Morgan's successful "Onyx" platform, which facilitates rapid cross-border transactions. The pilot has already enabled transactions in multiple currencies, including dollars, francs, euros, and yuan, using smart contracts on a private blockchain network.
traders withdraw from emerging bond etfs amid us election uncertainty
Investors withdrew significant funds from emerging-market bond ETFs in October, driven by heightened risk aversion ahead of the uncertain US election. The iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) experienced $732 million in outflows, marking its largest monthly loss since March, while the Invesco Emerging Markets Sovereign Debt ETF (PCY) saw $78 million in outflows.
ubs appoints angelia schmidt as head of global financial sponsors team
UBS has appointed Angelia Schmidt as the new Head of its Global Financial Sponsors Team, effective November 18, based in New York. With over 25 years of capital markets experience, Schmidt aims to enhance relationships with over 1,000 asset managers on the UBS platform, reporting to senior leaders in Zurich and the U.S.
ubs appoints angelia schmidt as head of global financial sponsors team
UBS Wealth Management has appointed Angelia Schmidt as the new Head of the Global Financial Sponsors Team, effective November 18, based in New York. With over 25 years of experience, including a significant tenure at J.P. Morgan, Schmidt aims to enhance relationships with partner firms and strengthen the team's role as a key interface for over 1,000 wealth managers. She will report to Benjamin Cavalli in Zurich and Jason Chandler in the USA.
ubs appoints angelia schmidt as head of global financial sponsors team
UBS has appointed Angelia Schmidt as the new Head of its Global Financial Sponsors Team within the Global Wealth Management division, effective November 18. Based in New York, she will report to Benjamin Cavalli in Zurich and Jason Chandler in the U.S. With over 25 years of capital markets experience, Schmidt has been with UBS since 2017, where she significantly advanced the public finance business. Her extensive background includes a 19-year tenure at J.P. Morgan, focusing on municipal finance and structured products.
China's stock surge faces risks from espionage and geopolitical tensions
J.P. Morgan's Michael Cembalest warns that the recent surge in Chinese stocks, driven by fiscal stimulus and investor enthusiasm, is a temporary "trade" rather than a sustainable "investment." He highlights risks from escalating U.S.-China tensions, including potential sanctions and espionage, which could undermine foreign capital in China. Cembalest emphasizes that geopolitical factors may lead U.S. investors to withdraw once they reach their profit targets.
diverse indices illustrate investment strategies across global markets
The HFS Bulletin for September 2024 outlines various indices used for illustrative purposes, emphasizing that they are unmanaged and not directly investable. Key indices include the Barclays Corporate High Yield Index, which excludes certain bonds, and the Barclays Global Aggregate Index, representing global investment-grade fixed income markets. Other notable indices cover diverse strategies such as equity hedging, event-driven investing, and macroeconomic trends, providing benchmarks for hedge fund performance across multiple asset classes.
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