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Climate Change: The Value Investor’s Perspective

Climate Change: The Value Investor’s Perspective by Balint Anton Francisc The current attitude towards renewable energy sources should be a deja vu: almost a century ago, John D. Rockefeller ruled the oil industry with his Standard Oil’s empire. He made […]

FX Reserves: 2015 A Year Of Drawdowns

FX Reserves: 2015 A Year Of Drawdowns

FX Reserves  2015 was the year of the FX reserve drawdown. In an attempt to protect currency pegs and fill gaps in budgets left by falling oil prices, EM central banks’ reserves declined significantly during 2015. Although, the declines appear to […]

Puzzle Capital: Outperforming In Merger Arbitrage

Puzzle Capital: Outperforming In Merger Arbitrage

Set up as a family office by renowned French hedge fund entrepreneurs, Jean-Louis Juchault and David Obert, Puzzle Capital launched the Abrax Merger Arbitrage Fund in 2011. The fund is managed by Xavier Robinson, a merger arb manager with a […]