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Corporate Financing Analysis - 2017 To End As Bumper Year For IB Fees - 21 AUG 2017

The 2017 y-t-d period has been a fruitful one for the investment banks working in the global corporate financing space. We expect the remainder of H217 to produce a banner year for revenues for lenders from deal underwriting, bookrunner work, and arranger fees. With equity capital market (ecm), debt capital market (dcm), and M&A dealmaking activity all coming back to life in the y-t-d...

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Corporate Financing Analysis - Emerging Hedge Funds To Continue Outperforming - 07 AUG 2017

Emerging hedge funds are going from strength to strength thanks to consistently strong returns, outpacing those in the broader global hedge fund industry. In BMI's view, the recent performance of emerging funds, and the desire among hedge fund investors to diversify their portfolios as the broader asset class struggles to compete with returns elsewhere - and especially those in the equity...

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Corporate Financing Analysis - IG Bond Market To Strengthen In H217 - 31 JULY 2017

Global investment grade bond activity totalled USD1,789.3bn in H117, which is down by 5% y-o-y from where it stood a year previously. Despite the negative headline number, we highlight that key regions, such as the US, Europe, and Asia (excluding Japan) have all recorded a growth in IG bond market issuance across the same time period: in the US, IG note sales tallied USD796.3bn in the first...

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Industry Trend Analysis - Telecoms Mid-Year Update: Key Themes For 2017 - 24 JULY 2017

As we reach the mid-point of the year, it is time to assess the performance of the key views we have outlined for the sector (see 'Key Themes For Telecoms In 2017', December 1 2016). All five of our global themes are continuing to play out but continued uncertainties regarding the form and business cases for 5G and its potential impact on the Internet of Things mean that the long-term implicati...

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Appendix - SWF Investment Focus Inclusive Of Private Debt - 10 JULY 2017

Against the backdrop of the world's sovereign wealth funds (SWFs) diversifying their investment approach away from luxury brands and pure energy plays and towards assets from a range of industries which offer more reliable long-term investment returns we note that these state-backed investment vehicles are increasingly investing in private debt.

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Corporate Financing Analysis - Tech Sector Fundamentals To Keep Driving M&A - 03 JULY 2017

While down on last year, we highlight that tech sector M&A activity is alive and well in 2017. Thanks in part to the industry's need to innovate coupled with the growing importance of the Internet of Things (IoT) to a range of different sectors, we are expecting to see a continually steady flow of merger deals being announced running through to the year end, and with all things being...

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