While 2020 may have required relentless hard work to recover from losses caused by the surreptitious arrival of COVID-19 in the first quarter, 2021 also presented its fair share of events, sometimes unusual and each requiring a response. This included social networks being used to manipulate the stock markets, with surprising and sometimes worrying results. We also saw considerable volatility in the bond markets, as the comments made by central bankers sometimes defied analysis and provoked confusion. In short, 2021 was not short on drama, all the way to the finish line.
In the last quarter, the M&A business was affected by some unfortunate and unexpected events. However, our varied strategies and many diverse positions produced a positive overall result. Here follows a closer look at how all this transpired.