HALISTER: Brazil’s BTG Pactual Seeks Indemnity From Generali on 1MDB Case

Brazil’s BTG Pactual Seeks Indemnity From Generali on 1MDB Case

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BBTG11 BZ (BTG Pactual Group)
0206021D MK (1Malaysia Development Bhd)
G IM (Assicurazioni Generali SpA)
BPAC3 BZ (Banco BTG Pactual SA)

People
Andre Esteves (BTG Pactual Group)
Joachim Straehle (EFG International AG)
Piergiorgio Pradelli (EFG International AG)
Stefano Coduri (BSI SA)

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UUID: 7947283

HALISTER: Paulson, Loeb, Halvorsen Among Big Losers as Allergan Plummets

Paulson, Loeb, Halvorsen Among Big Losers as Allergan Plummets

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AGN US (Allergan plc)
573991Z US (Paulson & Co Inc)

People
John Paulson (Paulson & Co Inc)
Daniel Loeb (Third Point LLC)
Rose Shabet (Viking Global Investors LP)
Umer Raffat (Evercore Partners Inc)

Topics
Corporate Inversions
Who's News - People

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UUID: 7947283

HALISTER: Pfizer Takeover Looks Like Shire Sequel as Treasury Strikes Back

Pfizer Takeover Looks Like Shire Sequel as Treasury Strikes Back

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
PFE US (Pfizer Inc)
SHP LN (Shire PLC)
AGN US (Allergan plc)

People
Adelle Infante (AbbVie Inc)
Barack Obama (United States of America)
Jacob Lew (United States Department of the Treasury)
Josh Earnest (White House Office)
Mark Schoenebaum (Evercore Partners Inc)

Topics
Bloomberg Politics
Corporate Inversions

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UUID: 7947283

HALISTER1: BofAML Turns Cautious on Curve Steepeners

BofAML Turns Cautious on Curve Steepeners

(Bloomberg) -- Coming into this year “we thought the curve could steepen in a risk-off move or significant selloff in rates,” but now, curve appears “directional with risk assets,” BofAML strategist Shyam Rajan says in note.
  • “While our structural views remain the same,” tactical investors should close outright steepeners and longer-term investors should convert them into conditional steepeners
  • Reasons include:
    • Futures positioning data show asset managers have significantly scaled down their flattening positions
    • Market-implied timing of next Fed rate hike is more than 12 months out, which historically has been associated with 5s30s flattening on risk-off days (such as today)
    • 5s “got extra boost in Jan. from the negative rate mania,” which is likely to fade if risk asset correct
  • Related story: Curve Flatteners ‘Unlikely to Work’ in 2016, BofAML Says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283