HPC IP: change of guard triggers product expansion
Anglo-French structured products specialist boutique HPC Investment Partners (HPC IP) is entering a new phase following the departure of founders Pierre-Yves Breton, Jordan Sfez […]
Buy-side view: playing the pre-IPO market
Investment banks are creating new teams to trade the shares of pre-IPO giants including SpaceX, Robinhood and Airbnb. Specialist boutique HPC Investment Partners has been offering access to these underlyings via structured products for some time, in response to institutional demand. SRP spoke HPC Investment Partners directors, Mehdi Rayane and Ilya Zuckerman, about their experience…
HPC IP: Platforms not a factor of disruption for sophisticated investors
Following the launch of the HPC IP’s Skyline tool, SRP spoke to Pierre-Yves Breton, founding partner at the firm, about its activities and goals, and […]
Bond Wizards Find Exotic Ways to Profit From Negative Yields
It’s the bond market equivalent of alchemy: converting negative interest rates into a bonanza of yield via the magic of derivatives. In a $15 trillion world of sub-zero debt, investment banks are creating exotic solutions for investors looking to bet on everything from ever-lower rates to the bullish credit cycle. Powered by swaps and options,…
Wall Street’s FANG Notes for Mom and Pop Buckle on Tech Pain
Retail investors who have ridden the boom in technology companies via exotic bonds are facing a reality check. With banks selling $2 billion of structured products linked to one or more of the now-struggling FANG members this year alone, investors are getting schooled on the risks lurking in complex debt securities — even those laden…
A lookback at 2016
If you look at Brexit, everyone was expecting a massive volatility spike, but what happened was very short-term. A lot of structured products have longer maturities and actually volatility decreased in the long end of the curve. It was the same thing with the U.S. election. With Trump’s election, people expected the market to go…