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US interest rate markets saw slight upward trends, with the two-year Treasury yield falling to 4.13% and the ten-year to 4.18%. Corporate investment grade and high yield indices gained 1.34% and 1.15%, respectively, while commodity prices weakened, particularly gold and crude oil. Equity hedged strategies across US, European, and Asian markets generally produced positive returns, driven by strong performances in consumer discretionary and financial sectors, despite some volatility in healthcare and energy.
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.
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.
Roche and Prothena's Parkinson's antibody treatment, prasinezumab, failed to meet its primary endpoint in the phase 2b PADOVA study, although it showed a 16% delay in motor progression compared to placebo. The drug was well tolerated, and Roche plans to further evaluate the data and collaborate with health authorities on next steps. Parkinson's disease remains difficult to treat, with many therapies struggling to progress through clinical trials.
UBS Group AG has increased its stake in Dalata Hotel Group PLC, surpassing the 4% threshold in voting rights, which enhances its influence in the company's decision-making. Dalata operates a portfolio of hotels across Ireland and the UK, catering to both business and leisure travelers. The current market cap stands at £827.9M, with a year-to-date price performance of 0.65%.
UBS Group AG has increased its stake in Dalata Hotel Group PLC, surpassing the 4% threshold in voting rights, which enhances its influence in the company's decision-making. Dalata operates a portfolio of hotels across Ireland and the UK, catering to both business and leisure travelers. The current market cap stands at £827.9M, with a year-to-date price performance of 0.65%.
Pernod Ricard, the leading global producer of premium spirits and wines, reported net sales with 61.8% from strategic international brands, including Absolut and Jameson. Local brands account for 18.2%, craft spirits 7.3%, and strategic wines 3.6%. The company operates 94 production sites worldwide, with sales distributed across Europe (28.3%), the Americas (28.8%), and other regions (42.9%).
Vishal Mega Mart made a remarkable debut on the NSE, listing at a 33.33% premium over its IPO price of Rs 78, opening at Rs 104 and later reaching Rs 111.19, marking a 42% increase. The Rs 8,000-crore IPO was oversubscribed over 27 times, with significant backing from major anchor investors.
UBS Group AG has adjusted its holdings in Dalata Hotel Group, surpassing a 4% threshold in voting rights through financial instruments. This strategic move may influence Dalata's market positioning and reflects a shift in investor confidence. The company, known for its premium hospitality services, has a current market cap of £791.4M and a year-to-date price performance of 0.65%.
UBS Group AG has adjusted its holdings in Dalata Hotel Group, surpassing a 4% threshold in voting rights through financial instruments. This strategic move may influence Dalata's market positioning and reflects a shift in investor confidence. The company, known for its premium hospitality services, has a current market cap of £791.4M and a year-to-date price performance of 0.65%.
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