Algebris Investments

This week's Global Credit Bullets ➠ https://lnkd.in/e39zHR7E : The Fed will likely cut rates by 25 basis points to 4.5% this week, as recent economic data has been insufficient to stall it. Also, a look at the ECB.

Year-end Updates 2024 | A strong year for the Equity of Global Financials 2024 was an exceptional year for global financials, driven by political events like elections in India, France, and the US, alongside interest rate volatility, with the US 10-year yield showing a 100-basis-point range. Earnings growth, particularly in Europe, where 2025 EPS forecasts rose 10%, and renewed M&A activity highlighted optimism for corporate growth. In 2025, looser US regulations under Trump may continue supporting M&A, while European banks, undervalued but with strong balance sheets, offer opportunities despite political challenges. Diverging global interest rates will drive varied performance across regions, making precise stock selection crucial. Overall, global financials remain well-positioned for growth as markets navigate these shifts. Watch the latest analysis from the financial equity team at Algebris with Benjie Creelan-Sandford (Equity Analyst). https://lnkd.in/dvVr4HR3

Year-end Updates 2024 | Keywords for equity in 2025: Quality, focus and selectivity. For 2025, key themes are quality, focus, and selectivity. In the US, opportunities lie beyond the "Magnificent Seven" amid narrowing valuations. Europe shows attractive valuations but faces structural challenges. In Asia, Japan and China offer selective opportunities. Here's the year-end market update on global equity with Silvia Merler (Head of ESG & Policy Research at Algebris). https://lnkd.in/ewjHsbUm

This week's Global Credit Bullets ➠ https://lnkd.in/ekEptAp2 : The US added 227k jobs in November, in line with expectations of 220k, as employees returned from strikes and weather normalised. Also, a closer look at the ECB and the no confidence vote in France.

Year-end Updates 2024 | Global credit: a selective approach heading into 2025 The 2025 macroeconomic landscape will be shaped by U.S. policy uncertainty following Trump’s return to the presidency. Fiscal expansion, trade tariffs, and deregulation could drive growth and inflation but create market volatility. In the U.S., fiscal policies may push rates higher, challenging duration. In Europe, slowing growth and a dovish ECB will dominate, with fiscal debates returning. Credit markets offer selective opportunities, with active management essential to capture high-value assets amid tighter spreads. Watch Gabriele Foa' (Global Credit Portfolio Manager, Algebris Investments) in his latest analysis. https://lnkd.in/d7VpebQA

This week's Global Credit Bullets ➠ https://lnkd.in/dBttbeUw : In France, political turmoil continues as the government struggles to approve a budget. Also, a look at US macro data.

In the US markets, caution is advised, although the appointment of Scott Bessent as Treasury Secretary is seen as a positive development. The United Kingdom's international relations are declining with long-term consequences post-Brexit. Meanwhile, China appears to be recovering, especially in the tech sector, making it more attractive than India. In Europe, the automotive sector is struggling, and European policies might slow down the adoption of electric vehicles. Watch our latest video to get more insights from Algebris' Founder and CEO Davide Serra on global markets. https://lnkd.in/dmW7WiEf

This week's Global Credit Bullets ➠ https://lnkd.in/eTfiTQAW : European PMIs dropped strongly post US elections, as the composite PMI fell from 50 to 48.1. Also, a look at the conflict between Russia and Ukraine.

Algebris at Fondsfrauen – After-Work-Event in Zurich It was a great pleasure for Algebris Investments to be a co-sponsor at the Fondsfrauen After-Work-Event with a full house of over 150 participants in Zurich. Asset Management – Quo Vadis? It was a lively discussion about the status of the asset management industry from various perspectives and an opportunity to identify the key trends for 2025. With the focus on which implications this might have for professionals, including how these trends shape individual roles, development, and career opportunities. Thanks to Manuela M. Froehlich, Co-Founder & Partner of Fondsfrauen, for moderating an interesting panel discussion with Alex Lasagna, Deputy CEO of Algebris Investments, Christel Rendu de Lint, Co-CEO & Head of Investments of Vontobel, Dr. Anja Hochberg, Head of Multi Asset Solutions, Asset Management of Zürcher Kantonalbank and Dr. Andreas A. Bickel, CIO & Head Investment Office of Lienhardt & Partner Privatbank Zürich AG.

This week's Global Credit Bullets ➠ https://lnkd.in/ePGM7YvY : Trump started to nominate people for his administration in the past week, selecting a generally hawkish mix of tariff proponents and loyalists. Also, a look at the US exceptionalism ahead.