GAM buys Taube Hodson Stonex UK (HRT), an investment company that focuses on a comprehensive strategy for action. On March 31, HRT ran a fortune of about 1.78 billion GBP or CHF 2.5 billion. In its statement Monday, GAM said that this transaction, the price is not disclosed, is in line with its strategy to complement organic growth with acquisitions and engagement teams.
Subject to customary approvals from supervisory authorities, the transaction should be finalized in Q3 2016. The HRT investment team, led by four directors Cato Stonex, Mark Evans, Robert Smithson and Ali Miremadi, then will move in the offices of GAM in London and strategies will be marketed under the GAM brand.
For most investors, Pakistan is not an investment destination being considered in their investment process. But soon MSCI, the biggest index provider globally, may bring that to a sudden change. On June 14th, MSCI will announce its decision whether to upgrade Pakistan from the current frontier market classification to emerging market classification or not. In the case of a positive decision, emerging markets funds with an estimated 40x the capital of frontier funds will be forced to have a look at the 180 million population nation on the border between Asia and the Middle East.
· Section S3 of our survey, dedicated to the development of guidelines and key performance indicators (KPIs) and risk (Kris), showed that among the factors most commonly cited by financial analysts are those connected with GRI (44,16% ), while with reference to the KPIs and KRIs a general usefulness was recognised (83.13%) but with a request from many analysts to limit the number of indicators and try to get a degree of standardization that allows for the development of specific indicators for the type of company rather than for the sector of industry.
Twitter continues its descent on the New York Stock Exchange, where its meeting yesterday hit its historic low at $ 13.90 per share. It is not so much the daily downward (-2.9%) how much the difference compared to the listing price of 2013: the value of the stock of social microblogging has literally halved compared to the $ 26 IPO.
In addition, the performance year to date is bad (-36%) as well as the accumulated loss in the last 12 months stood at -70%. To determine yet another collapse were the disappointing quarterly results, disclosed last week, even if the title is for some time at a critical stage.
FOMC statement used to have little impact on behaviour of the USD/CAD currency pair, which fixed a minimal four-pip decrease in daily value over Wednesday. The short-term outlook remains tilted to the South, provided there is a dense supply cluster located between 1.2722 and 1.28. Here the monthly S1 is backed by the weekly pivot point and downward-sloping 20-day SMA. Dips lower are expected to be shallow, as the first weekly support line is going to meet USD/CAD as soon as at the 1.2509 mark. As for the daily technical indicators, they are still having no distinct bias in any direction, as three "buy" studies are balanced by the same amount of "sell" signals.
Switzerland published its March Trade Balance this morning and this one was catastrophic. The figure came out at CHF 2.16bn vs CHF 4.02bn previously. Switzerland did not publish such a low figure since February 2015, so more than a year.
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