Deals in Europe picking up, says Deutsche Bank
11 July 2014 Berlin
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Though M&A was less noteworthy than previous months, convertible bond deals in Europe increased, totalling €1.48 billion in May according to research by Deutsche Bank.
In the US, short sellers focused on biotech firms Medivation and Pharmacyclics. The sales tax increase in Japan resulted in record high inflation and a decline in sales that garnered short interest for the retail sector.
In China, banks experienced the largest quarterly increase in bad loans since 2005 bringing attention to Minsheng Bank and China Cinda Asset Management. Political turbulence in Thailand led to a doubling of outflows from Thai tourism, property and retail.
After two months of losses, hedge funds achieved gains in all strategies in May with the median fund increasing 1.01 percent for the month.
Globally, emerging markets equity funds led the recovery gaining 1.80 percent; however, distressed and credit strategies continue to lead year-to-date gains at 5.74 percent and 4.35 percent, respectively.
In the US, short sellers focused on biotech firms Medivation and Pharmacyclics. The sales tax increase in Japan resulted in record high inflation and a decline in sales that garnered short interest for the retail sector.
In China, banks experienced the largest quarterly increase in bad loans since 2005 bringing attention to Minsheng Bank and China Cinda Asset Management. Political turbulence in Thailand led to a doubling of outflows from Thai tourism, property and retail.
After two months of losses, hedge funds achieved gains in all strategies in May with the median fund increasing 1.01 percent for the month.
Globally, emerging markets equity funds led the recovery gaining 1.80 percent; however, distressed and credit strategies continue to lead year-to-date gains at 5.74 percent and 4.35 percent, respectively.
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