How SPACS became Wall Street’s Money Tree

If you want to see the future of so many of the special purpose acquisition companies currently flooding the market, look to the recent past. Nearly five years ago, Landry’s Seafood billionaire Tillman Fertitta took Landcadia Holdings public to the tune of $345 million. No matter that, true to the SPAC “blank check” model, there was not yet any operating business—dozens of hedge funds piled into its $10-per-unit IPO. 

How To Profit When The Smart Money Leaves Footprints

Imagine you’re sitting at a bar in Manhattan. As the bartender’s making your drink, you overhear a conversation from the table behind you.

Two well-dressed men are talking. One looks familiar. He’s a hedge fund manager you’ve seen on TV. You don’t recognize the other guy. But, from the sound of it, they work together.

Are negative interest rates coming for the US? Here’s what investors should know about it.

With interest rates kissing the zero-bound and market participants briefly pricing in negative fed funds rate in early 2021, the possibility of negative rates reaching the US financial shores is building. In this article, we discussed the possibility of NIRP, its investment implications, the outlook for interest rates and how to position for it.

Young investors pile into stocks, seeing ‘generational-buying moment’ instead of risk

The coronavirus market downturn spurred young people — in some cases, for the first time in their lives — to get started with investing.

A spike in new accounts at online brokers show that young and inexperienced investors saw the coronavirus downturn as an entry point into the world of investing and not a time to hunker down.

Why A Private Equity Firm Backed By Bernard Arnault Is Putting $400 Million Into Norwegian Cruise Line

As shares of Norwegian Cruise Line continued to sink like the Titanic—down 80% from the end of 2019 to $12 per share by late April—Scott Dahnke and his team at L Catterton were quietly eyeing the wreckage. The partners at his Greenwich, Connecticut, private equity firm had already made a killing by taking a cruise ship-based beauty chain public and they were focused on high-end brands. After all, the “L” in their name comes from their financial backing by LVMH, the French luxury goods giant and they had already scored a string of successes from investments in the upscale home decorator Restoration Hardware, Lily’s Kitchen, a London-based organic dog food maker and Peloton, the Internet-connected stationary bicycle concern.

But this was new territory. Never before had they seen such a rapid reversal of fortune of a well-regarded brand. Dahnke decided the time was right to pounce, despite the fact that in a best-case scenario, Norwegian wouldn’t be expected to sail any of its fleet’s cruise ships for at least two months.

Latin America equities have fallen by close to -50% this year. Are they worth the bargain now?

Latin America has been one of the biggest losers this year so far, as the region struggles helplessly with the Covid-19 crisis. Brazil, the largest economy within the region, has been on the headlines recently for the wrong reasons – President Bolsonaro stubbornly refuses to exercise proper quarantine measures. In this article, we take a closer look at the region, to determine if they are worth the bargain.