Eroding central bank credibility a new risk for markets


In time since the economic crisis, investors might be relied on to flock back to risk whenever central banks all over the world announced big policy measures to help fuel growth. From quantitative easing in the U.S. to reassurances in the European Central Bank to do “whatever it takes” to help keep the eurozone intact, markets put strong faith in ...

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Goldman Sachs to turn its hedge fund research into an ETF


Is Wall Street investigate the next frontier for ETFs? Goldman Sachs has just filed for a new ETF called the Goldman Sachs Hedge Fund VIP ETF, which is based its popular “Hedge Fund Trend Monitor” research report put out by Ben Snider, David Kostin along with other analysts from Goldman’s Global Investment Research division. The research report – and also ...

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A short story about Enbridge’s financing, with a twist


Massive short covering. That was the reason one investment adviser gave a few days ago when attempting to describe the sharp play the proportion cost of Enbridge dads and moms carrying out a massive $2.3 billion equity financing. That financing, announced after the markets closed on Feb. 24, was bigger than previous Enbridge financings, was costing a substantial discount (5.7 ...

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Investors need to demand better covenants: Moody’s


Moody’s is calling on investors to push back against borrowers in the U.S. leveraged loan market as covenant protections remain stubbornly lacking. The ratings agency said covenant packages have remained within the “weak” category since 2013, and only modest improvement is anticipated in 2016. It cited investor protections such as asset sales without lender approval and excessive cushions in leverage ...

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How determination and patience helped Karnalyte Resources secure a US$700M financing deal with its Indian partner


There are stories, great stories after which there’s the book that’s required in conclusion the final two years at Calgary-based Karnalyte Resources. And that book is placed for a Hollywood ending because of a contract in principle the company signed this week with India’s Gujarat State Fertilizers and Chemicals Ltd. (GSFC.) That agreement will give you for US$700 million of ...

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After Valeant drubbing, Ackman sells part of Mondelez stake but says he has no plans for other sales


Billionaire investor William Ackman adjusted his battered hedge fund portfolio on Wednesday when he sold 20 million shares of snack maker Mondelez International, one day to another key holding, Valeant Pharmaceuticals, lost half of its value. In a three paragraph letter sent to investors after the close of trading on Wednesday and seen by Reuters, Ackman said his firm, Pershing ...

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TSX, Wall Street surge as oil prices rise


TORONTO – Stock markets in Toronto and New York racked up gains Monday amid higher oil prices and renewed investor confidence in global economic growth. On Bay Street, the S&P/TSX index closed up 32.23 points at 12,845.63 after pulling back from intraday highs.The commodity-heavy Toronto Stock market had a lift as the April contract for North American benchmark crude settled ...

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Four ways to assess whether an investment adviser is right for you


When you train with an investment adviser, you’re making an investment inside them. Every single day that you simply still use them, you are choosing not to “sell” that investment. Obviously, it’s not hard to just settle into a routine. Just as you hope your adviser is evaluating your investment funds regularly, also in the event you evaluate your adviser. ...

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