Investor trepidation towards Europe in today’s markets is understandable. Regional macro data remain anemic. Europe continues to produce weak data, Euro-Area economic sentiment saw its worst losing streak in a decade and low interest rates are set to continue throughout the medium term. Meanwhile, the Fed has raised rates nine times since December 2015, taking […]
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Navigating Europe in 2019
Themes and Risks Investors in Europe to Consider in 2019
We are nearly 20 years into the new millennium and it is an unrecognizable place compared to when it started. Lehman is gone, Bear Stearns – gone, Merrill Lynch – acquired, Citigroup is a fraction of its former self. Blockbuster, Toys R Us, Woolworths all part of the history books now. Europe, where we focus […]
Distressed Retail in the UK
If one ever needed tangible evidence of how much consumer habits have changed over the past decade, look no further than the UK high street. The litany of failures and restructurings continue unabated. In H1 2018 alone, the following establishments have issued announcements: Byron’s Burgers: Closing of 20 (or 30%) of its 67 premises while […]
Welcome
Wanted:
[Able bodies] for hazardous journey. Small wages, bitter cold, long months of complete darkness, constant danger, safe return doubtful. Honour and recognition in case of success.
Allegedly from Sir Ernest Shackleton – TransArtic Explore
The posts that follow are our insights as they relate to the current investment climate across Europe. The discussions are broad and cross-disciplinary in nature, but will hopefully be of interest for readers and investors allocating to Europe. As we partner with management teams and entrepreneurs to explore promising investment themes, we will use this […]
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Thomas Cook CDS: When Does a Corporate Debt Reorganization Amount to a Bankruptcy Credit Event? (JD Supra)
Thomas Cook Group Plc’s (Thomas Cook) recent attempt at a restructuring and its ultimate downfall received numerous headlines. – by Kramer Levin LLP
Christine Lagarde prepares sweeping review of ECB’s strategy (FT)
” Process will put her stamp on the central bank and seek to resolve recent divisions.” – by Martin Arnold
Congress, Nord Stream II, and Ukraine (The Brookings Institute)
“It will prove difficult for Congress to make Europe cut its dependence on Russian gas.” – by Steven Pifer
Unstoppable Nord Stream-2 (New Europe)
“The Nord Stream-2 pipeline, which late last month obtained a permit to construct its planned pipeline system in the Danish Exclusive Economic Zone (EEZ) southeast of Bornholm, is now ready to complete the final stretch of the Gazprom-led project that will transport Russian gas from Russia to Germany, despite efforts from the United States and […]
Spain’s Socialists win election, but deadlock continues (Politico)
“Another election — Spain’s fourth in as many years — and another inconclusive outcome.” – by Diego Torres