The other part of the library thinks that it will be, let’s say, after Reyes so as not to stir up spirits in December because the street is very sensitive. In other words, something similar to the 2013/2014 scenario. In this regard, a well-known political analyst commented in a zoom with businessmen and financiers three data from a recent survey: almost 65% of the people say they are worse than last year, about 70% consider Alberto Fernández’s management bad and 90% % say they want an agreement with the IMF.
The DaVinci event that brought together more than 200 investment managers from the region and the world, took place in ex-Conrad (Hilton) of Punta del Este (today in the hands of Enjoy Chileans) and as proof of the prevailing climate the DJ kicked off it all, kicking off the discussion sessions with the AC / DC classic, “Highway to hell.” The main dishes came from the hand of the presentations of the people of Allianz and Jupiter.
And continuing on the neighboring shore, the top event was undoubtedly the one organized by the people of AR Partners who at the time of celebrating did not hesitate: closed the now emblematic Carrasco airport (designed by the Uruguayan architect Rafael Viñoly) and hired the Uruguay Symphony Orchestra (La Sodre, founded in 1931). Both events served to “cut” a bit the virtual wave of recent times and allow face to face meetings between portfolio managers from the region and the world. Despite all the pecuniary interest, several NGOs took place and space with an emphasis on corporate social responsibility (ESG).
At a cocktail party in Bajo San Isidro, the exclusive theme was the final of the URBA Top 12. But there a piece of information slipped: apparently inflation is still spicy. According to the measurement of one of the most followed consultancies in this matter, the first week of December “stung” and gave almost 2%. November inflation gave that consultant almost 3%. There, too, several market men, with a rugby past, speculated with a light agreement with the IMF that entails a moderate fiscal adjustment of around 1 to 1.5% of GDP. Regarding cryptocurrencies, the data emerged that the SoftBank Fund for Latin America has 10% of one of the funds of US $ 5,000 million invested in assets related to cryptocurrencies.
In another meeting, between global mega-investors, the most talked about topic was not inflation and Powell’s dilemmas but another billionaire divorce in the style of Jeff Bezos, Bill Gates or renowned hedge funds. But this one involves a Russian billionaire. It is actually Vladimir Potanin, the second richest man in Russia.
According to “market data” Potanin faces one of the largest divorce lawsuits in the world after Bezos and Gates: his ex-wife, Natalia Potanina, is seeking 50% of the value of her stake in MMC Norilsk Nickel PJSC in a London court . That amount could exceed $ 7 billion, given that Potanin owns about a third of the metals producer’s shares. The antecedent, the Dmitry Rybolovlev case, which was the subject of a high-profile divorce that unfolded in six jurisdictions and resulted in years of acrimony. In 2014, a Swiss judge awarded his ex-wife, Elena Rybolovleva, $ 4.5 billion, though a later ruling reduced the amount to just over $ 600 million.
Source From: Ambito
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