FFG announced launching of the Consent Solicitation Process

As Sole Financial Advisor to Folli Follie Group, Whitetip Investments AEPEY announces the company’s launching of the Consent Solicitation Process addressed to the holders of the €249,500,000 1.75 per cent Guaranteed Exchangeable Notes due 2019 and to the holders of the CHF 150,000,000 3.25 per cent Notes due 2021. Through this process, the Company is seeking, among others the approval of its rehabilitation agreement and the relevant Term Sheet.
Find the relevant announcements to the noteholders in the following link:

CIO’s quick comment: passive takes the back seat

stocks pc - Unsplash stock image edited

Just as explained in a previous post, markets are already behaving as if Trump never existed.
The likely side-effect will be sideways markets, given a massive rotation from FANG et co to other sectors and companies.

But BEWARE: only the headline numbers will be giving the impression of a sideways movement ; there will be a volatile storm brewing underneath as liquidity will be shifted across sectors and individual stocks.
This again becomes a quest for alpha, as passive beta strategies seem to be taking the backseat.

Dimitrios NOUSIAS, CFA

CIO

Whitetip Investments AEPEY