Hints and tips:
...There have been highly concentrated markets before; in the late 1990s when TMT (technology, media and telecom) stocks dominated and in the early 1970s when investors focused on a Nifty Fifty set of stocks...
...Goldman has shifted its head of investment banking services Kim Posnett to head its global technology, media and telecoms group and TMT M&A co-head Sam Britton to co-chair global TMT, according to a memo...
...revealed plans on Tuesday to spin off its $11.5bn coal business, which would still channel the majority of free cash flow to the remaining Teck Metals unit that is made up of copper and zinc mines in the Americas...
...Craig Coben is a former global head of equity capital markets at Bank of America and now a managing director at Seda Experts, an expert witness firm specialising in financial services....
...Notably, several sector teams model upside to consensus estimates: defence, banking, some industrial sub-sectors, caterers, utilities and UK mid-cap technology, media and telecoms (TMT) stocks....
...He returns to the German lender, where he worked until 2009, from Wells Fargo, where was head of TMT capital markets....
...Deutsche Bank has promoted Ben Darsney and Justin Smolkin as co-heads of equity capital markets in the Americas....
...He joins after a 25-year career at JPMorgan, most recently as the bank’s co-head of TMT leveraged finance. Barclays has recruited Gauthier Le Milon as head of mergers and acquisitions in France....
...We saw something similar occur in the late 1990s during the TMT [technology, media and telecommunications] bubble and it had a profound impact on the dollar as well.”...
...Bünnemeyer will join as a managing director in Deutsche's TMT coverage team in August and will be based in Frankfurt....
...Accelerated liberalisation in new markets: positive for all operators in US, GVC in Latin America....
...PJT Partners has added Antonin Baladi, a former Bank of America dealmaker, to its European TMT investment banking group, Bloomberg reports....
...Perhaps you believe that P/Es are going to soar to levels not even seen at the height of the TMT bubble; or perhaps you believe that profitability is going to rise (from already extended levels) so that...
...He returns to the bank from Goldman Sachs, where he was most recently a managing director in its European TMT team....
...Mehr was previously a managing director and co-head of TMT leveraged finance at Jefferies....
...A further threat are boutique investment banks specialising in TMT such as Qatalyst, which recently advised survey software maker Qualtrics in its $8bn acquisition by SAP....
...That’s exactly what happened to Japanese equities in the early 1990s, TMT stocks in the early 2000s, and EMs in 2008. However, the next major market downturn is not imminent....
...Owning tech was ranked this week by the latest Bank of America Merrill Lynch survey of global asset managers as the most crowded trade for the ninth straight month....
...(FT) Job moves UBS has named Patrick Tsang as head of TMT investment banking for Asia Pacific, Bloomberg News reported. Tsang will be replacing Randy Gelber, who is leaving the Swiss bank....
...The number of Chinese TMT IPOs doubled in 2017 from a year earlier to more than 100....
...Why are so many West Coast tech companies moving to America’s financial hub? It’s mainly about talent....
...UBS says the sector has not carried this importance since the glory days of the TMT bubble in the late 1990s and early 2000s....
...“One of the reasons the stock traded at the multiple it did was it was one of the few places for TMT [tech, media and telecoms] investors that you said, OK, these guys aren’t really at risk of FANG [Facebook...
...Siris Capital, a TMT-focused private equity group, has hired Cisco’s chief strategy officer Hilton Romanski as a partner on the investment team....
...Global Stars Equities has had nine fund managers since inception. 1934 AMERICAN FUNDS INVESTMENT COMPANY OF AMERICA Return: 12.14 per cent net annualised since inception The Investment Company of America...
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