Capital MarketsCash & Working CapitalCOVID-19
May 7, 2020

Pandemic Reveals the Haves and the Have Nots: Asia Report

Examples of the varying effects lockdowns had on businesses, and how they’ve responded. The coronavirus pandemic has provided more proof that crises affect some companies far differently than others. The reasons include what industry a company is in, its business model and how much cash it has on hand—the haves and the have-nots. Perhaps less expected is that business units within the same company may weather a storm better than others. All this and more emerged in discussions among finance…
Capital AllocationInsights NewsletterInvestment Management
January 21, 2020

What Would an AI-Driven Capital Allocation Look Like?

Founder’s Edition, by Joseph Neu Perennial discussions of capital allocation tend to end up in essentially the same place.My friend Tom Joyce at Deutsche Bank circulated the chart below last week in his “Chart of the Day” email. This one caught my eye because it shows how corporate uses of capital, at least at the S&P 500-company level, are pretty consistent year to year. M&A and Buybacks. Tom calls out the changes: “During the current M&A upcycle, which began in late…