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Robert Smith

Capital Markets Correspondent
Email Robert Smith @BondHack (link opens in a new browser window)
Email Robert Smith @BondHack (link opens in a new browser window)

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  • Friday, 16 October, 2020
    Thyssenkrupp AG
    Sanjeev Gupta’s Liberty House bids for Thyssenkrupp steel unit

    Ambitious swoop by deal-hungry businessman prompts jump in German group’s shares

  • Thursday, 15 October, 2020
    Corporate bonds
    EG Group’s bonds fall after auditor’s abrupt resignation

    Petrol station company’s owners recently agreed £6.8bn takeover of UK grocer Asda

  • Wednesday, 14 October, 2020
    Deloitte LLP
    Deloitte resigns as EG Group auditor over governance concerns

    Petrol stations group loses Big Four firm soon after its owners seal £6.8bn deal to buy Asda from Walmart

  • Thursday, 8 October, 2020
    Vatican
    Vatican used charity funds to bet on Hertz credit derivatives

    ‘Gambling’ bets placed under watch of Cardinal Becciu, who was forced to resign last month

  • Wednesday, 7 October, 2020
    GFG Alliance
    Sanjeev Gupta-linked companies with just 11 staff took millions in UK loans

    Greensill Capital provided state-supported funding to entities with ties to steel magnate

  • Monday, 5 October, 2020
    Direct lending
    HPS raises $9bn as investors race into direct lending

    Large investment vehicle underscores continued demand for riskier loans

  • Friday, 2 October, 2020
    ASDA Group Ltd
    Walmart sells majority stake in Asda

    Deal with Issa brothers and TDR Capital values UK supermarket group at £6.8bn

  • Thursday, 1 October, 2020
    H2O Asset Management
    H2O suffers payment problems on illiquid bonds

    Luxury lingerie maker La Perla missed 7.25% annual interest payment in March

  • Thursday, 1 October, 2020
    AnalysisHigh yield bonds
    Covid-linked debt rush ignites direct lending market

    More big companies expected to spurn their banks for $1bn-plus funding deals

  • Promoted Content
  • Wednesday, 30 September, 2020
    Markets InsightCorporate bonds
    How ‘Davey Day Trader’ stoked a bond market rally

    Surge highlights the power of hype and a charismatic promoter

  • Thursday, 24 September, 2020
    H2O Asset Management
    Crédit Agricole insurance unit stops offering H2O funds

    Move marks the highest-profile partner so far to cut ties with €22bn investment firm

  • Tuesday, 22 September, 2020
    H2O Asset Management
    H2O corrects trading disclosure errors

    €22bn investment firm has been under scrutiny over exposure to illiquid bonds linked to Lars Windhorst

  • Thursday, 17 September, 2020
    H2O Asset Management
    H2O relied on minor brokerages to shuffle illiquid debt

    Firm close to Lars Windhorst denies involvement in trades

  • Monday, 14 September, 2020
    SoftBank Group Corp
    SoftBank executives revive talks on taking Japanese group private

    Conglomerate looks at strategy after series of asset disposals, including the $40bn sale of Arm Holdings

  • Saturday, 12 September, 2020
    Technology sector
    SoftBank set to sell UK’s Arm Holdings to Nvidia for $40bn

    Sale comes four years after Masayoshi Son bought the chip designer

  • Wednesday, 9 September, 2020
    SoftBank Group Corp
    SoftBank shareholders push for answers on ‘Nasdaq whale’ bets

    Japanese group urged to reveal who is running unit at centre of large US equity options trades

  • Sunday, 6 September, 2020
    SoftBank Group Corp
    SoftBank up $4bn on founder’s aggressive US stock options bet

    Masayoshi Son’s high-risk strategy has proved controversial within Japanese tech investment group

  • Friday, 4 September, 2020
    H2O Asset Management
    H2O Asset Management had about a third of fund in illiquid assets

    Level of exposure to hard-to-sell investments was three times a regulatory cap

  • Friday, 4 September, 2020
    US equities
    SoftBank unmasked as ‘Nasdaq whale’ stoking tech rally

    Japanese conglomerate has been snapping up options in huge amounts over past month

  • Thursday, 3 September, 2020
    FTfmThe week’s best fund management articles
    H2O and the saga of its illiquid bonds

    Intervention by French regulator caps a testing 12 months for London-based asset manager

  • Wednesday, 2 September, 2020
    Hedge funds
    Ex-Blackstone trader balks at ‘grubby’ terms of Codere debt deal

    Hedge fund manager battles over restructuring of Spanish casino operator

  • Friday, 28 August, 2020
    FTfmThe week’s best fund management articles
    French regulator AMF asks H2O to suspend funds

    Asset manager temporarily freezes funds the FT revealed had substantial exposure to illiquid bonds

  • Monday, 24 August, 2020
    UK business & economy
    Treasury under fire over disclosure silence on virus loans

    Politicians and campaigners say names of state-backed borrowers should be revealed

  • Friday, 21 August, 2020
    European companies
    Brokerage Kepler switches analyst’s coverage in France after ‘intimidation’

    Casino and Metro condemn threatening behaviour towards employee who has been assigned to alternative stocks

  • Thursday, 20 August, 2020
    Corporate bonds
    “System generated truncations”: Greensill, Gupta and the hunt for the mystery holding company

    That time we tried to figure out why Credit Suisse’s supply-chain finance fund has $74m of exposure to a company that does not exist.

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