Richard Oldfield 1.8 2 ideas

Hong Kong real estate is showing signs of recovery with new assets looking appealing, and the situation is better than last year, indicating a positive trend.

Nuveen is acquiring Schroders for nearly £10 billion (approx. 30% premium). The deal is agreed. This is an arbitrage/event-driven situation. The premium validates the undervaluation of UK asset managers. LONG (if spread exists) or WATCH for sympathy plays in other UK Asset Managers. Regulatory hurdles blocking the deal (low probability given friendly nature).