Olivier Brourhant

5 Key Points to Understand the Convertible Bond Market. A focus from Aymeric de Tappie, Head of Convertible Research at EthiFinance in BSMART. A Convertible Bond is a Bond. 1) The Risk is Similar to Traditional Bondholders and the convertible twist is an option to convert into stock. The option to convert into shares of the underlying company's stock can provide investors with the potential for capital gains. But convertible bonds are still debt securities. 2) The Child of Mr. Bond and Ms. Option. Sensitive to his father, Credit and Interest Rate. Sensitive to his mother, Stock price, Volatility and Dividends. 3) A Proven Track Record over the Long Run. "An annualized performance close to that of the stock market with a third to half the volatility". Yes, 2008 was painful, and the post Covid period until 2022 was exceptional but "One swallow does not make a summer". 4) Benefits for Issuers. Low interest rate cost, no or light covenants, no necessity of official ratings, few hours from the launch to the close of the book building. 5) Benefits for Investors. The "Proven Track Record over the Long Run", structural diversification, "lower solvency ratios", high diversification across the fund managers. Watch the full interview (in french) 👉 https://lnkd.in/eehYV9hU #EthiFinance #ESG #SustainableFinance

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ESG: The path to profitability and a responsible future! 🌱💼 Integrating ESG criteria into investment selection is a true game-changer, enhancing resilience and driving value in today’s market. The recent 2nd edition of CFA Talks, organized by Club des Femmes Administrateurs CFA Maroc, highlighted the rising importance of non-financial performance for Moroccan companies. The pursuit of a double bottom line—both financial and extra-financial—has become a competitive edge not only for businesses but also for investment funds seeking lasting impact. 🌍💡 ESG integration strengthens a company’s attractiveness and aligns with the growing expectations from stakeholders and investors for sustainable performance. #PrivateEquity #DoubleBottomLine #SustainableInvestment #ImpactInvesting #CFATalks #CFAmaroc #BMCE Capital Investments #CapitalCroissance #ASSIA BENHIDA #Fabienne Serfaty https://lnkd.in/eRT_rKDm

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🌟 𝗙𝗲𝗮𝘁𝘂𝗿𝗲𝗱 𝘁𝗼𝗱𝗮𝘆: 𝘁𝗵𝗲 𝗰𝗮𝘀𝗲 𝘀𝘁𝘂𝗱𝘆 𝗼𝗳 𝗩𝗖 𝗳𝘂𝗻𝗱 𝗡𝗲𝘄 𝗔𝗹𝗽𝗵𝗮 🔍 With €3.7bn in assets under management and 25 companies in their portfolio, NewAlpha Asset Management stands out for its DNA of innovation and its unique expertise in FinTech since the creation of its VC branch in 2015. To ensure they didn’t miss any opportunities, they quickly implemented an annual FinTech startup mapping process, a valuable yet extremely time-consuming tool that was carried out manually for six years. 🎯 The need was twofold: to streamline data updates and to present a more modern and accessible image to investors and partners. With our help, New Alpha took a significant step forward by launching a modern public visualization tool (link in comment). This platform provides a dynamic view of the emerging fintech ecosystem, with a particular focus on sustainable FinTech. 📊 What are the results? 𝗔𝗻 𝗶𝗻𝘁𝗲𝗿𝗮𝗰𝘁𝗶𝘃𝗲 𝗺𝗮𝗽𝗽𝗶𝗻𝗴 𝗼𝗳 𝗲𝗮𝗿𝗹𝘆-𝘀𝘁𝗮𝗴𝗲 𝗙𝗿𝗲𝗻𝗰𝗵 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗙𝗶𝗻𝗧𝗲𝗰𝗵𝘀, offering a wealth of detailed information (market data, sector-based search, individual startup profiles, and more). Since its launch in March 2024, the mapping has garnered 𝗼𝘃𝗲𝗿 𝟯,𝟬𝟬𝟬 𝘃𝗶𝘀𝗶𝘁𝘀. 🔗 Discover more here: https://lnkd.in/epwEF8Yv 🤔 Would you also like to create or boost your mapping? Schedule a meeting with Alexandre Velluti, Founder & CEO at Invyo, here 👉 https://lnkd.in/eDU7me7M #DataSuccess #ClientImpact #InvyoSolutions #venturecapital #privateequity #mapping Lior Derhy Thomas Fuster

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Are you looking to invest in real estate and build a secure financial future? BlocHome makes it easier than ever to start your investment journey! With our platform, you can begin investing with as little as €1,000, backed by real assets in the heart of Luxembourg. Our team of experienced experts will guide you every step of the way, ensuring you make informed decisions and achieve your financial goals. Have questions about real estate tokenization and how we democratize access to real estate? Reach out to us today! 🚀 https://lnkd.in/ez_ubgGn #RealEstate #InvestmentOpportunity #DigitalRealEstate #Tokenization #Fractionalownership #PassiveIncome #BlocHome #Luxembourg

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We are in the age of self-service so having French patients declare on their own the sick leaves of a maximum 7 days makes total sense. After all, the Brits did it and survived :) The cost-benefit if just 10% of the 68 mil. French take just one such leave per year, counting 5 minutes to operate this in a system: more than 1/2 mil. hours of low-value-added work of the medical professionals saved. At the minimum SMIC of 11.65 EUR/hr, we're talking almost 6 mil. EUR/yr. A drop in a a bucket or a smart move? #rh #hr #cristinamihai https://lnkd.in/ezxXBs25

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[MEET THE JURY 3] Get ready to meet the exceptional members of our jury! We are delighted to introduce 5 of the investors who will be evaluating the presentations of 20 EIC Fund companies on 13 November at the 𝗘𝗜𝗖 𝗮𝗻𝗱 𝗝&𝗝 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗗𝗮𝘆, 𝗽𝗼𝘄𝗲𝗿𝗲𝗱 𝗯𝘆 EuroQuity - Bpifrance. ⭐ Lisanne Blauw Associate at Thuja Capital. Thuja manages several venture capital funds aimed at building and scaling companies in the fields of (bio)pharmaceuticals and medtech. In addition to generating a financial return for investors, Thuja’s investments positively impact the health and well-being of patients. Thuja serves physicians and patients worldwide by providing capital to daring entrepreneurs with ground-breaking product concepts locally.   ⭐ Claire Poulard Investment Director at Turenne Groupe. With more than € 350M dedicated to healthcare, Turenne Capital Healthcare team invests across the whole value chain of healthcare companies in Europe : from venture capital to buy out.   ⭐ Erki Mölder Managing Partner at Verge HealthTech Fund. Verge is an early-stage venture capital firm based in Singapore, exclusively focused on impactful healthcare technologies that have global applicability, especially for underserved populations. The team is composed of former founders or operators who take a hands-on, activist mindset to working with healthtech startups. The partners have invested in over 50 healthtech startups around the world since 2013.   ⭐ Fabienne Roussel, Partner at Vesalius Biocapital IV Partners, which is investing in appealing, later-stage companies in drug development, medical devices & diagnostics and eHealth / mHealth, predominantly in Europe. The companies in their portfolio are dedicated to addressing unmet medical and market needs while prioritizing strong intellectual property protection. Would you like to be part of this ? Make sure to secure your seat. #HealthTech #biotech #medtech #eicAccelerator #EUeic #Healthcare #Investors

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A ne pas manquer cette semaine : notre webinar sur un thème clé, à un moment clé...! Prenez contact rapidement ! Re-Exane your investment analysis ! A "live" sample of our sector expertises for this key theme - do not miss it !

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🌍 BANGK embraces the transformation that blockchain and decentralized finance are bringing to the banking world. Beyond transparency and autonomy, BANGK also focuses on preserving the planet. 🔄 Sustainable finance is at the core of BANGK’s mission. Every transaction should not only be secure and fast but also environmentally responsible. An ideal made possible thanks to the #Solana blockchain. 💚 Investing responsibly is key to the future. Through the tokenization of real-world assets, BANGK will provide users with the opportunity to invest in sustainable ventures like renewable energy and eco-conscious startups. 🚀 It’s not just about financial freedom—it’s about building a better, greener future for all. 🌱 What’s your view on merging technology with sustainability? #BlockchainForGood #EthicalBanking #SustainableFinance #Blockchain #CryptoRevolution #BANGK #DeFi

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Thanks Silicon Luxembourg! Because it's so hard 😱 to succeed in this field, and because Luxembourg has a card to play in this game as a tiny country at the center of the European chessboard, I’m thrilled to launch Hive Services. Hive Services is your gateway to #healthcare #innovation in Europe 🚀🌎. We're on a mission to: > Build a pan-European health innovation ecosystem > Promote this ecosystem and the expertise it brings together internationally > Reference the expertise and help innovators find their ideal partners > Develop internally the cutting-edge expertise not yet available With one bold ambition: > Create the ideal environment for health innovation projects to thrive and reach their full potential, instead of exploding in the air as so many do today (cfr. the rocket 💥 on the image). Because, at the end of the day, what's more important than our health? Now's the time to join the game! Tick the box that describes you: ☑ I’m an innovator in health or life sciences ☑ I’m an expert in one of these fields ☑ I offer services to these innovators ☑ I invest in these innovators ☑ I’m interested in this topic and in the country’s future If you’ve selected at least one box, you need to become a member of Hive. Drop your email on our site to know more about the options. So here it is, my new challenge (complementary to how we support innovation at Dedicated 💸). And this isn’t just mine—it’s a challenge for #Luxembourg as a nation, with its clear vision and strategy. I’m simply playing my part. 😉 See the link to Hassan Nada's article in comment. Thanks Charles-Louis!

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💡 𝗣𝗿𝗼𝗳𝗶𝘁-𝗧𝗮𝗸𝗶𝗻𝗴 𝗶𝗻 𝗧𝗲𝗰𝗵: 𝗔 𝗦𝗵𝗶𝗳𝘁 𝗶𝗻 𝗙𝗼𝗰𝘂𝘀 𝗮𝗻𝗱 𝗡𝗲𝘄 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 💻 Since mid-July 2024, tech stocks, after significant outperformance driven by AI, have experienced logical profit-taking. Investors will now be more demanding regarding the real impact of AI on companies' results.

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It seems that our politicians can be crazy creative only when it comes to tax more the ones that are risk takers and innovation supporters. Bitcoin (BTC)is now officially a "reserve" currency (the US Central Bank will implement it next year ) and already a lot of US companies (MicroStrategy) have decided to have part of their reserve in Bitcoin. Amazon shareholders are asking the company to create a Bitcoin reserve as well. Ethereum (ETH) is at the core of a a new way (more efficient, les costly,...) to manage financial flows. DEFI (Decentralized Finance) is now to part of the future of finance (traditional banks are implementing these innovative solutions). It is a "productive" asset supporting innovation in many different areas. Having no clue about all this and in an urgent need to raise more tax instead of cutting inefficient public services and social expenses our politician in France are willing to tax digital assets saying that they are of no use for the economy. In Portugal, in Czech Republic,...long term holders will not even pay tax on Digital Assets capital gains. In France the same holders could be taxed even before they even sell their assets. Guess what will be the impact for the country. France will miss the "blockchain" revolution (the technology behind BTC, ETH and others Digital assets) and countries like the US, Switzerland, Portugal, UK, CZ,... will benefit from it. Here is the link (in French) of what the Senate and the Minister Of Finance are proposing going forward...and these guys are members of the right wing parties !! https://lnkd.in/e2xpUEsx WE MUST STOP THIS IRRESPONSIBLE ATTITUDE IN ORDER TO GIVE A CHANCE TO OUR COUNTRY TO BE PART OF THE NEW "BLOCKCHAIN" ECONOMY REVOLUTION

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TRUMP, MAGA, opportunités pour attirer en Europe et en France, des hommes de sciences Américains ne souhaitant plus travailler aux Etats-Unis : The New York Time = There’s something very 2024 America about the emerging MAGA public health agenda. With President-elect Donald Trump naming Robert F. Kennedy Jr. — a former Democrat known for his vaccine skepticism — as his potential pick to lead the nation’s health apparatus, we are firmly in new territory, even for Trump. Kennedy not only lacks medical credentials, he is a determined outsider when it comes to the nation’s public health system. That may be a feature rather than a bug for the new administration. As Tony Mills, a senior fellow at the conservative American Enterprise Institute, explains in a guest essay, an outsider perspective is arguably a defining characteristic of many of Trump’s potential health appointees. There’s a shared distrust of scientific expertise and establishment norms. “The emergent MAGA science policy agenda, driven by skepticism and anti-elitism, blends familiar conservative and libertarian ideas with a suspicion of expert power once more associated with the left,” writes Mills. “The result is a uniquely American brand of populism that has the potential to fundamentally reshape national politics.” Mills traces the history that got us to this point. That Republicans would emerge from a historic pandemic more skeptical of achievements like vaccines — even those championed by Trump’s own Operation Warp Speed — was not inevitable, but it’s where we are now. This new wave of leadership could transform the country’s scientific landscape, but in what way remains unknown. “Were this animus channeled into constructive policies and reforms, it could offer a needed corrective,” Mills writes. “In its unvarnished form, however, it is more radical than conservative, more destructive than constructive and more corrosive than restorative.” Aux Européens de faire marcher les transferts dans l'autre sens, Jordan Bohannon, Guest Essay The Next Four Years Are an Experiment in MAGA Science If there’s a thread tying this coalition together, it’s suspicion of expertise and elitism., By M. Anthony Mills https://lnkd.in/daYnw2X7

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