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In November 2024, risk assets rebounded, with positive returns across various hedge fund strategies, particularly in Equity Hedged and Relative Value sectors. Macro and discretionary trading strategies also performed well, driven by favorable positions in rates and commodities, despite some mixed results in energy and metals. Overall, the market showed a constructive outlook following the US election, with significant performance dispersion among managers.
A commission will present its findings today on the Credit Suisse-UBS merger, focusing on the actions of Swiss authorities during the crisis. Meanwhile, Switzerland and the EU are expected to officially conclude their negotiations, with key decisions on financial contributions and the free movement of persons anticipated. Other notable news includes ongoing investigations into a Chinese ship in the Baltic Sea and a tragic stampede in Nigeria that resulted in the deaths of 35 children.
Excelerate Energy, Inc. will participate in the UBS Global Energy & Utilities Winter Conference on January 14-15, 2025, at The St. Regis Hotel in Deer Valley, Utah. Steven Kobos, President and CEO, will conduct one-on-one meetings with investors during the event.
Scandinavian countries, particularly Norway, Sweden, and Finland, maintain a tradition of financial transparency, publishing citizens' income and wealth data. This practice, while aimed at curbing corruption, has led to privacy concerns and increased risks for crypto holders, making them targets for theft. As a result, some individuals, including prominent crypto advocates, have relocated to safer regions due to fears stemming from these transparency laws.
UBS analyst Jay Sole has raised the price target for Amer Sports from $27 to $37, maintaining a Buy rating. The firm is optimistic about the growth potential of the Arc’teryx brand and Amer's prospects in China, citing strong fundamentals and a recent debt reduction as key factors for expected EPS growth. UBS forecasts a 33% compound annual growth rate for EPS over the next four years.
UBS analyst Jay Sole has raised the price target for Amer Sports from $27 to $37, maintaining a Buy rating. The firm is optimistic about the growth potential of the Arc’teryx brand and Amer's prospects in China, citing strong fundamentals and a recent debt reduction as key factors for expected EPS growth. UBS forecasts a 33% compound annual growth rate for EPS over the next four years.
Amer Sports, Inc., a Finland-based global group, encompasses renowned sports and outdoor brands such as Arcteryx, Salomon, and Wilson. The company specializes in developing, manufacturing, and distributing a wide range of sports and fitness equipment, catering to various activities including tennis, skiing, and cycling. With a worldwide operational footprint, Amer Sports serves retail customers through sporting goods chains, wholesalers, and e-commerce platforms.
Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and importance of securing critical metals from recycled sources.
Shares in Technology Minerals PLC surged 273% following its subsidiary Recyclus Group's offtake agreement with Glencore PLC for black mass, a material derived from spent lithium-ion batteries. This deal, starting with a 100-tonne trial, marks a significant milestone in the battery recycling market, supporting sustainable practices as demand for recycled materials grows amid the electrification shift. Glencore's broader strategy includes partnerships to enhance its battery recycling capabilities, reflecting the increasing competition and necessity for sustainable sourcing in the industry.
UBS has upgraded Metso Outotec Oyj to a Buy rating, raising the target price from EUR 11.70 to EUR 13.70. The company specializes in designing and maintaining equipment for the metallurgical and mining industries, with 75% of its net sales from mining and 25% from the aggregates sector. Geographically, its sales are distributed across various regions, with North and Central America accounting for 23.4% and Asia/Pacific for 20.1%.
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hedge funds rebound in november as market optimism grows
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12:23 20.12.2024
investigation report on credit suisse takeover and eu negotiations conclusion
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07:06 20.12.2024
Excelerate Energy CEO to Engage Investors at UBS Conference 2025
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22:30 19.12.2024
scandinavian financial transparency raises safety concerns for crypto holders
14:01 19.12.2024
UBS Raises Amer Sports Price Target to 37 Amid Strong Growth Outlook
12:30 18.12.2024
ubs raises amer sports price target to 37 citing strong growth potential
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Amer Sports Maintains Strong Market Position with Diverse Global Brand Portfolio
16:03 17.12.2024
technology minerals secures glencore deal to boost battery recycling efforts
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13:45 17.12.2024
Technology Minerals Secures Glencore Deal Boosting Battery Recycling Efforts
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13:45 17.12.2024
UBS Upgrades Metso to Buy with Target Price of EUR 13.70
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