“U.S. hedge funds should anticipate heightened regulatory scrutiny and enforcement risk in France. ” – by Freshfields
U.S. Hedge funds face heightened enforcement risk in France (GBFR)
Nordea Culls Securities From Markets Unit Amid Negative Rates (Bloomberg)
“As long-term negative interest rates reshape life in the Nordic region, its biggest bank is trying to reinvent one of its most important business areas.” – by Frances Schwartzkopff and Rafaela Lindeberg
Killing me softly (Breaking Views)
Cevian and Nordea could signal a truce in the usually awkward relationship between banks and activists.
Market Forces Drive Deconsolidation at German Companies (Handelsblatt)
Traditional German conglomerates and Mittelstand face increasing pressure as technology continues to disrupt business models and shareholders become more receptive to “locusts” funds pushing activist agendas.
Elliott Interview on thyssenkrupp in Die Welt (German only)
Elliott argues it is not pushing for a break-up of thyssenkrupp but that it is in favour selling smaller parts of the business and pursuing more JVs.