Inna Gehrt

Daily comment with ODDO BHF: ➡️ US 2-year yields are once again close to 4.9%. 10-year yields are at 4.5% and approached 4.7% during the week. Volatility remains high and can be explained by five factors: (i) Consumer confidence was stronger than expected and inflation expectations remain high. (ii) The FED's Neel Kashkari stated that no member of the FED is ruling out a rate hike. (iii) Demand for US Treasury bond issues was weak. Furthermore, the FED's Beige Book indicates that credit conditions are still tightening, economic growth is modest and the outlook remains pessimistic on the downside risks to the economic scenario. (iv) Growth in the PCE consumer price index in April remained stable at 2.7% year-on-year. (v) Residential property sales prices are still up 8.2% for the ten largest cities. 📌 In the eurozone, German inflation accelerated slightly from 2.2% to 2.4%, due to a methodological revision in the inclusion of transport costs. German 10-year yields rose to 2.66% as a result. The European Central Bank will meet this Thursday, June 6, 2024. A rate cut of 25 basis points is expected. Inflation fell to 2.4% year-on-year. The ECB will update its economic forecasts, probably downwards. It is also expected to mention a rapid future decline in wage growth to justify its decision. Furthermore, the ECB's chief economist, Philip Lane, has all but pre-announced the cut, Klaas Knot wants to reduce rates with each new economic forecast update, and Villeroy de Galhau is not ruling out a further cut in July. Monetary easing will therefore begin in the Eurozone, not the United States. This decision has already been taken into account in the EUR/CHF exchange rate and will therefore come as no surprise. Finally, the S&P rating agency downgraded France's sovereign rating from AA to AA- due to the increase in its public debt. In response, the French government has confirmed that there will be no tax increases in 2025. 👉 This week, the focus will be on Swiss inflation (Tuesday), the ECB (Thursday), Swiss popular votes and European elections (this weekend). In Switzerland, four main initiatives will be put to the vote: limiting the cost of health insurance premiums to 10% of disposable income, indexing premium increases to wage trends and economic growth, subjecting physical or mental integrity to the consent of the citizens concerned, and developing energy independence by increasing the use of renewable energies. In Europe, the most likely scenario is that the current coalition led by Ursula von der Leyen will be renewed. Far-right parties could win new seats. However, they have become more moderate about leaving the European Union, particularly in France and Italy. Have a great week! #Markets #Inflation #Votations #Switzerland

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Beyond Capital Partners: Fond III geschlossen. Christoph D. Kauter (Beyond Capital Partners) | Triago (Placement Agent) #beyondcapitalpartners #triago #privateequity #dachdeals #fundraising #beteiligung #germanspeakingarea #portfolio #advisory #transactions

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🚀 𝗧𝗼𝗽 𝟱 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗲𝘀 𝗦𝗼𝘂𝗴𝗵𝘁 𝗯𝘆 𝗗𝗔𝗖𝗛 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 🚀 We combine the extensive network of NP Corporate Finance and GEREJE Corporate Finance among leading investors in the DACH region to connect successful #Entrepreneurs and #BusinessOwners with top-tier #Investors. Whether you're planning a strategic expansion, raising capital, or seeking succession planning, we provide the expertise and connections you need to succeed. Here are the #Top5 industries currently in high demand by our clients: 𝟭) 𝗜𝗧 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝟮) 𝗥𝗲𝗻𝗲𝘄𝗮𝗯𝗹𝗲 𝗘𝗻𝗲𝗿𝗴𝗶𝗲𝘀 𝟯) 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝟰) 𝗥𝗲𝗰𝘆𝗰𝗹𝗶𝗻𝗴 𝗮𝗻𝗱 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 𝟱) 𝗔𝗶𝗿 𝗮𝗻𝗱 𝗪𝗮𝘁𝗲𝗿 𝗣𝘂𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 Are you a business owner in one of these or similar areas? Contact us to explore your possibilities together or learn more at: www.npcf.ch #BusinessGrowth #Investor #BusinessOwner #InvestmentOpportunities #CorporateFinance #MergersAndAcquisitions #SuccessionPlanning

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"I will be attending Switzerland Private Equity Conference 2024 by Private Equity Insights on June19th in Zurich! Join me and 400+ LPs and GPs across Europe. Let me know if you're around! #PEINSIGHTSZURICH24"

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#fundingalert 💼Company: Doconomy 💰Funding: €34 Million ⚡Round: Series B 👥Investors: UBS Next, CommerzVentures, S&P Global, commodity and automotive markets joined the round. Other prominent existing investors Motive, PostFinance and Tenity participated in the round. Doconomy, founded in Sweden in 2018 by Mathias Wikström and Johan Pihl, is a world-leading provider of applied impact solutions. Its core mission is to ensure the future sustainability of life on Earth by empowering individuals and corporations to assume responsibility for their environmental footprint, fostering a sustainable lifestyle for all. Doconomy empowers banks worldwide to help close the gap between ‘say’ and ‘do’ amongst their client bases, by providing tools which encourage climate-friendly choices whilst supporting financial wellbeing. Henrik Rosvall, Didde Brockman Read more - https://lnkd.in/gqGH-RSR To share your startup story write us on - contact@startuprise.co.uk #Doconomy #sustainability #fostering #financial #funding #fundingnews #news #startup #startupnews #startuprise

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In our latest WirtschaftsWoche series, our member Nigel Cresswell FIA CFA, discusses the potential use and limitations of AI in asset management.

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Christian Sinding of EQT Group at #qatareconomicforum listed that the #Europe an PE VC scene is best described by lack of #capital, plenty of #regulation, and scare #exit opportunities. We, at IMPETUS Capital, have been stressing these critical point with major European ecosystem players for a long time. #privateequity #venturecapital #alternatives #investing #tech #innovation #QEF2024

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Second add-on in 7 months: cleversoft acquires tetralog systems! We’re excited to announce that our portfolio company cleversoft group, a leading provider of regulatory financial services technology, has partnered with tetralog systems AG, a German provider of digital investment advisory technology. Read the full announcement to learn how this investment will strengthen our offering for regulatory compliant investment advisory processes. #RegTech #WealthTech

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The Lucerne Alternative Investments Fund (LAIF) April 2024 Factsheet is now live on our website.   We discuss the slowing consumer and the impact of higher for longer inflation and interest rates, particularly on small and medium enterprises (SMEs). Importantly, we underline how the LAIF portfolio is positioned to leverage these underlying fundamentals. You can read our insights and analysis at the link below:

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We're excited to announce that the Lucerne Alternative Investments Fund (LAIF) now has a LinkedIn page! Our April 2024 factsheet is live, providing insights into our latest performance and strategic positioning in today's challenging market environment. Follow us to discover how the team navigates the "higher for longer" interest rates and the slowing consumer landscape. Stay informed and engage with our updates. #AlternativeInvestments #LAIF #MarketInsights #InvestmentStrategy #PortfolioManagement #Finance #EconomicOutlook #InvestmentPerformance

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Real-Time Control: SwissComply Takes the Next Step: SwissComply is expanding its control offerings for asset managers. The company is also responding to the regulations of the Swiss Financial Market Supervisory Authority (Finma). #swisscompy #RealTimeInvestmentControlling

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Our portfolio company Retinai announced today the successful closing of its USD 6.18m (CHF 5.65m) Series A Extension round. ‍ Led by a new investor, the Corporate Venture Capital arm of Topcon Healthcare, the round included Zürcher Kantonalbank alongside existing investors from both Series A and Seed rounds, Verve Ventures, the btov Industrial Technologies fund managed by Matterwave Ventures, and private investors. ‍ To facilitate its evolution and growth, the company has also concluded its corporate restructuring, with RetinAI Medical AG rebranded as Ikerian AG to spearhead the use of its technology beyond ophthalmology and the wholly-owned subsidiary Retinai U.S. Inc. focused on the ophthalmology market. The new funds will support the continued development and commercial roll out of RetinAI Discovery® in ophthalmology and optometry and Ikerian's expansion into new therapeutic areas prioritizing neurodegenerative disorders, vascular conditions and rare diseases. Read the full press release: https://lnkd.in/gxW54UEu #fundingnews #retinai #ai #ophtalmology #technology #health #optometry

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In our latest WirtschaftsWoche series, our member Tobias Ripka, CFA addresses the question of whether investors can benefit from high cash holdings now. #WiWo #Finance #CashInvesting #InterestRates

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Highlights from today’s 8th Annual Private Debt Conference in Berlin! 🌟 Insightful discussions and networking with industry leaders. Check out our video recap of the event! Thank you to all the participants and speakers for making this event so amazing. #PrivateDebt #Berlin2024 #Finance #Investment #DebtMarket #Networking #IndustryLeaders #Conference #FinanceEvent #BusinessGrowth #ThankYou"

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Capital Group : Positive Signale für Emerging Markets - Die Situation der Emerging Markets \(EM\) hat sich nach der  Coronapandemie neu geordnet. - https://lnkd.in/e2dpi-K9 #investmentWorld #CapitalGroup #EmergingMarkets

CFA Society Switzerland issues best practice recommendations for pension fund management   Zurich, 6 May 2024   In its best practice “Position Paper on Investment Governance at Swiss Pension Funds”, CFA Society Switzerland issues recommendations in terms of investment governance, addressing both roles and responsibilities as well as management of potential conflicts of interests. With these recommendations, society aims to elevate the standards of the investment profession locally, ensuring the resilience and sustainability of pension funds for generations to come. Mirjana Wojtal, PhD, CEO of CFA Society Switzerland, comments: “CFA Society Switzerland firmly believes that the best practices outlined in this paper serves as valuable resources for pension funds across Switzerland, fostering an environment of improved investment decision-making and operational efficiency. It is our intention to help the Board of Trustees and the pension fund management to address challenges they may face, to ultimately ensure the financial security of current and future beneficiaries.” The society would like to thank the authors of this paper for sharing their valuable knowledge and expertise. ”Position Paper on Investment Governance at Swiss Pension Funds” in English, German, French and Italian is available for download here: https://lnkd.in/ezm4exQH

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⚡️⚡️Julius Baer Bank may buy EFG.   Julius Baer is considering buying Swiss private bank EFG International AG, according to Bloomberg. Bank Julius Baer completed preliminary merger agreements with EFG last week. EFG shares rose 1.2% on Friday, valuing the bank at 3.8 Swiss francs ($4.2 billion). The deal between the two banks will continue a transformation of the Swiss financial industry that began last year when the country's largest bank, UBS Group AG, bought rival Credit Suisse. 🤐Representatives of banks Julius Baer and EFG declined to comment. ☝️ Let us remind you that the largest shareholder of EFG is the family of billionaire Latsis, which made a fortune in Greek shipping. EFG's other major shareholders are Brazil's Banco BTG Pactual SA, with a stake of about 20%, and Boris Collardi, the former CEO of Julius Baer.   ❓💸Whether there will be a second major merger in the Swiss banking sector this year and what the result of the merger will be for clients is still difficult to say. We'll watch 🤓 #bank #investment #suiss #Geneve #EFG #JuliusBaer #BTG #Latsis #shipping #privatBank #trade #market #Bloomberg #trader

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