Tiger Global's short selling explained - YouTube: ""
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Friday, 21 November 2014
How to play Putin: fund managers disagree | beyondbrics
How to play Putin: fund managers disagree | beyondbrics:
"A fascinating note has arrived in our inbox from Steven Holden of Copley Fund Research, which tracks the investments of 100 big global EM equity funds with about $285bn of assets under management.
Readers may remember a recent piece based on his monthly report in October, showing that big fund managers were predominantly underweight in China compared with the MSCI Emerging Markets index, and overweight in India. An analysis of data from his November report shows that, on average, managers are in line with the MSCI regarding Russia – but that, individually, they diverge greatly from the index, in ways that suggest contrasting views on the crisis in Ukraine and how to play it as an investor.
Here’s his chart:
"
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"A fascinating note has arrived in our inbox from Steven Holden of Copley Fund Research, which tracks the investments of 100 big global EM equity funds with about $285bn of assets under management.
Readers may remember a recent piece based on his monthly report in October, showing that big fund managers were predominantly underweight in China compared with the MSCI Emerging Markets index, and overweight in India. An analysis of data from his November report shows that, on average, managers are in line with the MSCI regarding Russia – but that, individually, they diverge greatly from the index, in ways that suggest contrasting views on the crisis in Ukraine and how to play it as an investor.
Here’s his chart:
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Dubai World Central: Dubai’s new pearl - Khaleej Times
Dubai World Central: Dubai’s new pearl - Khaleej Times:
"Dubai has come a long way from being a sleepy little fishing village on the shores of the Arabian Gulf that once saw wooden dhows slowly floating down the Creek, carrying cargo.
Today there is nothing slow or sleepy about Dubai.
When once crossing the Creek, in itself, was a long and arduous journey, today Dubai’s infrastructure, ranked number three in the world, is set to cross all international standards as the city builds the world’s first purpose-built aerotropolis."
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"Dubai has come a long way from being a sleepy little fishing village on the shores of the Arabian Gulf that once saw wooden dhows slowly floating down the Creek, carrying cargo.
Today there is nothing slow or sleepy about Dubai.
When once crossing the Creek, in itself, was a long and arduous journey, today Dubai’s infrastructure, ranked number three in the world, is set to cross all international standards as the city builds the world’s first purpose-built aerotropolis."
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Bahrain’s Mumtalakat prices $600m sukuk
Bahrain’s Mumtalakat prices $600m sukuk:
"Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate.
Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the Gulf Daily News (GDN), our sister publication.
The transaction represents Mumtalakat's first dollar sukuk issuance and was executed as a drawdown under its recently established $1,000 million Regulation S Multicurrency Trust Certificate Issuance Programme which is listed on the Irish Stock Exchange."
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"Bahrain Mumtalakat Holding Company has successfully priced a $600 million seven-year sukuk with a four per cent profit rate.
Mumtalakat is rated BBB (stable) by both Fitch and Standard & Poor’s, said a report in the Gulf Daily News (GDN), our sister publication.
The transaction represents Mumtalakat's first dollar sukuk issuance and was executed as a drawdown under its recently established $1,000 million Regulation S Multicurrency Trust Certificate Issuance Programme which is listed on the Irish Stock Exchange."
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Aramex founder calls for change in UAE ownership laws | The National
Aramex founder calls for change in UAE ownership laws | The National:
"The UAE should change ownership laws if it wants more innovation, Fadi Ghandour, the founder of Aramex, said at the Abu Dhabi Media Summit.
“We need the ability to tread between free zones and onshore,” he said. “I love free zones but I want equal partnerships. There is nothing wrong with them, it brings more investment, more nurturing.”
Mr Ghandour, a Jordanian who has been living and doing business in the UAE for 33 years, hit out at the 51 per cent share that foreign owners must give up to an Emirati partner if they wish to start a business outside of a free zone."
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"The UAE should change ownership laws if it wants more innovation, Fadi Ghandour, the founder of Aramex, said at the Abu Dhabi Media Summit.
“We need the ability to tread between free zones and onshore,” he said. “I love free zones but I want equal partnerships. There is nothing wrong with them, it brings more investment, more nurturing.”
Mr Ghandour, a Jordanian who has been living and doing business in the UAE for 33 years, hit out at the 51 per cent share that foreign owners must give up to an Emirati partner if they wish to start a business outside of a free zone."
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Confused OPEC Watchers Are More Divided Than Ever - Bloomberg
Confused OPEC Watchers Are More Divided Than Ever - Bloomberg: "To understand just how contentious next week’s OPEC meeting will be, take a look at the confusion it’s created among professionals paid to predict the outcome.
The 20 analysts surveyed this week by Bloomberg are perfectly divided, with half forecasting the Organization of Petroleum Exporting Countries will cut supply on Nov. 27 in Vienna to stem a plunge in prices while the other half expect no change. In the seven years since the surveys began, it’s the first time participants were evenly split. The only episode that created a similar debate was the OPEC meeting in late 2007, when crude was soaring to a record.
The split now reflects the difficult choice OPEC nations have to make. They could cut output to revive crude prices from a four-year low, at the risk of losing more market share to rival suppliers, including U.S. shale drillers. Or they could do nothing and allow prices to fall low enough to deter growth in U.S. output, a move that would also squeeze the finances of poorer members like Venezuela and Nigeria. With half the analysts in the market headed for a surprise, prices will be volatile after the meeting, according to BNP Paribas SA."
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The 20 analysts surveyed this week by Bloomberg are perfectly divided, with half forecasting the Organization of Petroleum Exporting Countries will cut supply on Nov. 27 in Vienna to stem a plunge in prices while the other half expect no change. In the seven years since the surveys began, it’s the first time participants were evenly split. The only episode that created a similar debate was the OPEC meeting in late 2007, when crude was soaring to a record.
The split now reflects the difficult choice OPEC nations have to make. They could cut output to revive crude prices from a four-year low, at the risk of losing more market share to rival suppliers, including U.S. shale drillers. Or they could do nothing and allow prices to fall low enough to deter growth in U.S. output, a move that would also squeeze the finances of poorer members like Venezuela and Nigeria. With half the analysts in the market headed for a surprise, prices will be volatile after the meeting, according to BNP Paribas SA."
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