The European Union (“EU”), rated AAA/AAA/Aaa/AA/AAA by DBRS, Fitch, Moody's, S&P and SCOPE (positive outlook for S&P, stable for the other rating agencies), today issued a €8.5 billion single tranche social bond due in July 2035. This was the third EU transaction under the Support to mitigate Unemployment Risk in an Emergency (SURE) programme.

Fitch Ratings recently affirmed the ratings of 61 European short-term money market funds (MMFs) at 'AAAmmf'. Rated funds are conservatively positioned, with average liquidity levels well above minimum rating and regulatory ranges.

Several hedge fund strategies have momentum biases, in particular L/S Equity, and CTAs. Considering the fact that this rotation took place in a bullish environment, most hedge fund strategies ended the week in positive territory.

Think Bigger Capital, Demium's Asset Management Company announces its first fund (TBF I) which has a target size of €30M and focuses on investing in technology and innovation companies in Europe.

Abbie Llewellyn-Waters, fund manager, global sustainable equities at Jupiter, reflects on the meaning of the democrat victory and the implications for investors.