Combat Airlifter: February 2020

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August 3 - Bloomberg (Devon Pendleton and Marcia Klein): "The collapse in commodity costs and the rise of the African middle class has flipped the fortune developments of the continent's richest folks.<br><br><br><br> August 7 - Bloomberg (Javier Blas): "When even Cargill Inc., the world’s largest grain trader, decides to liquidate its personal hedge fund, that’s a sign that commodity speculators are in trouble. August 5 - Bloomberg (Constantine Courcoulas and Isobel Finkel): "As Turkey’s safety risks escalate and squabbling politicians threaten early elections, even Turks are bolting from the lira. August 6 - Financial Times (Emiko Terazono): "July has been another bad month for commodities. 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These jitters are starting to crystallise in credit score score downgrades. With interest rates low in the US - no less than for the time being - and the European Central Bank's launch of quantitative easing, credit score is low cost. Foreign-change reserves fell beneath $one hundred billion for the primary time since 2010 final month… Commodities tycoons Aliko Dangote and Patrice Motsepe have lost almost $four billion in 2015… Black River Asset Management, owned by agricultural trader Cargill, closed its commodities fund, along with three different funds, and Armajaro Asset Management said it will shut its $450m commodities hedge fund after losing 11% in the primary half.<br><br><br><br> Others enduring redemptions embrace Armajaro Asset Management LLP, which closed one of its funds, Carlyle Group LP's Vermillion Asset Management and Krom River Trading AG. Diminishing investor demand spurred Cargill's Black River Asset Management unit to shut its commodities fund last month. Hedge funds rode the commodities supercycle from the early 2000s, with double digit returns yearly. Meanwhile private equity group Carlyle parted methods with the founders of its Vermillion commodities agency after assets dwindled. The Group of 20 nations in 2009 mandated clearing for many swaps contracts in an attempt to cut back the damage that would be caused by a significant monetary institution defaulting on its payments… Because the financial recession attributable to COVID-19 is not like any business disruption we’ve seen earlier than, it's difficult to forecast with certainty how the market will move. Dealogic. Worldwide acquisition-related debt issuance has reached $290bn to date this yr, which is the best 12 months-to-date whole on record and triple the quantity seen right now final year… The sovereign’s $2.6 billion of debt due July 2017 fell 1.57 cents to 55.18 cents…<br>
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Última versión de 09:03 5 jul 2020


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