Bocconi Students Association
Our Equity Research team has just released its third analysis for this semester! The company analysed in our equity research report is Cadence Design System (CDNS). The company is one of the dominant players in its core market, sharing it primarily with Synopsys. The company is...
The fund is actively managed by Minerva IMS, based on a zero-net investment «multi-factor» strategy. The long-short structure implies a market-neutral exposure and limited correlation to the main market indexes, while the investment strategy is based on a «multi-factor» quantitative proprietary model designed to achieve...
The ultimate goal of this Fund is to achieve long-term growth whilst controlling volatility. To that end, this portfolio comprises a multitude of highly diversified securities with the possibility, in exceptional cases, to take short-term speculative positions. To ensure high diversification, the Fund is spread...
The fund is composed of a range of Exchange Traded Funds selected by the Portfolio and Quantitative Research teams. These ETFs aim at replicating as closely as possible the performance of a basket of securities with specific common properties, thus being effective instruments for investors...
Global Outlook - May 2024 Edition: Now Available! In the opening segment of our report, we continue our tradition of delivering a thorough analysis of macroeconomic trends, geopolitical shifts, and recent developments that shape market dynamics. The report then delves into the second segment, where it meticulously...
Our Equity Research team has just released its second analysis for this semester! The company analysed in our equity research report is ASML Holding NV. ASML is a Dutch company based in Veldhoven, the Netherlands, that designs and builds systems and software used in the production...
Our Equity Research team has just released its first analysis for this semester! The company analyzed in our equity research report is NVIDIA. Specializing in software and chip design, NVIDIA is renowned for its provision of graphics processing units (GPUs), application programming interfaces (APIs) catering to...
Our Equity Research team has just released its first thematic report for the semester. This semester we have focused our attention on the semiconductor industry. The objective of this report is to provide a contextual framework for the upcoming equity valuations which will encompass an analysis...
Global Outlook - March 2024 is out! The first section of the report continues to provide a comprehensive analysis of macroeconomic trends, geopolitical evolutions, and recent developments that are currently influencing market dynamics. Following this, the second section offers a detailed examination of various asset categories. It...
We are proud to present the report from our Quantitative Research division! During this semester the Quantitative Research team explored coherent risk measures and their mathematical properties. In this report they focus on the Conditional VaR and outline a practical framework for its estimation, that is...
Our second Macro report of the semester is now available! Following the Global Financial Crisis and the implementation of unconventional monetary policies by central banks, there have been concerns regarding the potential contribution of these policies to social inequality. However, the precise nature of the relationship...
The ultimate goal of this Fund is to achieve long-term growth whilst controlling volatility. To that end, this portfolio comprises a multitude of highly diversified securities with the possibility, in exceptional cases, to take short-term speculative positions. To ensure high diversification, the Fund is spread...
The ultimate goal of the Fund is to achieve long-term capital growth by outperforming its benchmark. This portfolio has been built to be compliant with a PIR strategy, which grants investors considerable fiscal benefits provided some criteria are met. To ensure a higher level of diversification,...
The fund is composed of a range of Exchange Traded Funds selected by the Portfolio and Quantitative Research teams. These ETFs aim at replicating as closely as possible the performance of a basket of securities with specific common properties, thus being effective instruments for investors...
The fund is actively managed by Minerva IMS, based on a zero-net investment «multi-factor» strategy. The long-short structure implies a market-neutral exposure and limited correlation to the main market indexes, while the investment strategy is based on a «multi-factor» quantitative proprietary model designed to achieve...
Our Equity Research team has just released its fourth analysis for this semester! The company analyzed in our equity research report is Trimble, which is a leading American technology solutions provider for office and mobile professionals in more than 125 countries. The company offers the integration...
Global Outlook - December 2023 edition has arrived! Our latest report from the Investment Research division is structured in two distinct sections. The first section delivers an in-depth analysis of the global markets, covering macroeconomic trends, geopolitical events, and recent developments that are shaping market dynamics. In...
Our first Macro report of the semester is now available! The surge in inflation and the emergence of new geopolitical realities are introducing additional uncertainty into global scenarios. How do these shocks affect macroeconomic trends, and how do they influence policies implemented around the world? In...
Our Equity Research team has just released its third analysis for this semester! The company analyzed in our equity research report is AGCO, which is a leading global manufacturer and distributor of agricultural equipment and related replacement parts. Read our report to find out more about...
Deere & Company, also known under the brand John Deere (headquartered in Moline, Illinois, USA), is a globally recognized powerhouse in the agricultural, construction, and forestry machinery sectors. The company is the market leader in the agricultural and forestry machinery sectors, with relevant shares in...
Our Equity Research team has just released its first thematic report for the semester, realized in collaboration with JEME Bocconi Studenti. #PrecisionAgriculture is a modern farming approach that uses technology like GPS, sensors, and big data analysis to optimize production. It fine-tunes many farming practices, reducing waste and...
The Investment Research Division responsible of monitoring relevant market trends in order to periodically update the association’s view and recommend the optimal exposure to the main asset classes across different geographies. Each of these exposures is discussed with and approved by the whole Investment Research...
The paper is focused on options pricing methods using Monte Carlo simulations, exploring the theory and practice of different Monte Carlo methods for valuing options contracts, with a particular focus on Asian and Barrier Options....
Our first Macro report is out! This semester, the Macro research team dedicated its efforts to studying inflation expectations. In our first report titled "Inflation Expectations: Rationality Concerns and Forecasting Methods," we delve into the topic of inflation expectations from a theoretical standpoint. What are inflation expectations?...
This semester, the Macro research team dedicated its efforts to studying inflation expectations. In our first report titled "Inflation Expectations: Rationality Concerns and Forecasting Methods," we delve into the topic of inflation expectations from a theoretical standpoint. What are inflation expectations? How do we measure them?...
Allego N.V. operates as an electric vehicle (EV) charging company. The enterprise offers charging solutions for electric cars, motors, buses, and trucks. It has a charging network with renewable energy and charging solutions for business-to-business customers, including leading retail and auto brands. In 2018 Allego...
The fund is composed of a range of Exchange Traded Funds selected by the Portfolio and Quantitative Research (Risk) teams. These ETFs aim to replicate as closely as possible the performance of a basket of securities with specific common properties, thus being effective instruments for...
The Italian Equity PIR Fund is an actively managed fund by Minerva Investment Management Society, exclusively made of Italian Equity and following an investment solution known as PIR, Piano Individuale di Risparmio (Individual Savings Plan), which allows to benefit from considerable fiscal advantages. To qualify...
The ultimate goal of this Fund is to achieve long-term growth whilst controlling volatility. To that end, this portfolio comprises a multitude of highly diversified securities with the possibility, in exceptional cases, to take short-term speculative positions. To ensure high diversification, the Fund is spread...
The fund is actively managed by Minerva IMS, based on a zero-net investment «multi-factor» strategy. The long-short structure implies a market-neutral exposure and limited correlation to the main market indexes while the investment strategy is based on a «multi-factor» quantitative proprietary model design to achieve...
ChargePoint Holdings Inc. operates as an electric vehicle charging network provider. It designs, develops and markets networked electric vehicle charging system infrastructure and its Cloud Services enable consumers the ability to locate, reserve, authenticate and transact electric vehicle charging sessions. The company was founded in...
Tesla Inc., based in Austin, Texas, designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, also offering ancillary services. The company generally sells its products directly to customers and continues to grow its customer-facing infrastructure through a global...
The objective of this report is to provide a contextual framework for the upcoming equity valuations which will encompass an analysis of companies operating within this industry....
The Investment Research Division responsible of monitoring relevant market trends in order to periodically update the associa:on’s view and recommend the op:mal exposure to the main asset classes across different geographies. Each of these exposures is discussed with and approved by the whole Investment Research...
The fund is actively managed by Minerva IMS, based on a zero-net investment «multi-factor» strategy. The long-short structure implies a market-neutral exposure and limited correlation to the main market indexes while the investment strategy is based on a «multi-factor» quantitative proprietary model design to achieve...
The fund is composed of a range of Exchange Traded Funds selected by the Portfolio and Quantitative Research (Risk) teams. These ETFs aim to replicate as closely as possible the performance of a basket of securities with specific common properties, thus being effective instruments for...
In the December report the team investigated further in what the Macro team highlighted: volatility increased and affected equity market after the Russian-Ucranian conflict. Based on current and past data, our Markets & Alternatives team has covered the main strategies used to exploit the current...
Palo Alto Networks, Inc. is a global cybersecurity provider. The Company enables enterprises, service providers, and government entities to secure all users, applications, data, networks, clouds and devices with visibility and context, continuously across all locations. It delivers cybersecurity products covering a range of use...
This article is an analysis of the Kinder Morgan Stock in which we present both a buy-side and sell-side perspective. Kinder Morgan is a leading North American energy infrastructure company that mainly operates in the midstream segment. The article includes a company overview, a financial...
STMicroelectronics N.V. (referred also as St or StMicro) is a Dutch multinational corporation and technology firm operating in the Semiconductors industry. It was founded in 1987 as the result of the merger of two government-owned semiconductor companies: Italian SGS Microelettronica and French Thomson Semiconducteurs. The...
The ultimate goal of this Fund is to achieve long-term growth whilst controlling volatility. To that end, this portfolio comprises a multitude of highly diversified securities with the possibility, in exceptional cases, to take short-term speculative positions. To ensure high diversification, the Fund is spread...
Do sanctions against Russia actually work? Which factors matter to design and implement optimal sanctions? What are sanctions effects on the markets? What are the possible future scenario after the war? In the December report our Macro team deeply investigated these questions based on current evidence...
Lockheed Martin Corporation is an American aerospace and defense firm. The company is the largest defense contractor in the world, with over half of its annual sales being to the US Department of Defense. Lockheed Martin operates within four business segments: Aeronautics, Missiles and Fire...
The ultimate goal of this Fund is to achieve long-term growth whilst controlling volatility. To that end, this portfolio comprises a multitude of highly diversified securities with the possibility, in exceptional cases, to take short-term speculative positions. To ensure high diversification, the Fund is spread...
The fund is actively managed by Minerva IMS, based on a zero-net investment «multi-factor» strategy. The long-short structure implies market neutral exposure and limited correlation to the main market indexes while the investment strategy is based on a «multi-factor» quantitative proprietary model design to achieve...
Leggett & Platt, Inc. engages in the manufacture and distribution of furniture, engineered components and products among homes, offices, automobiles, and commercial aircraft. It operates through the following segments: Bedding, Flooring, Furniture & Textile, and Specialized Products. The company was founded by J. P. Leggett...
The fund is composed of a range of Exchange Traded Funds selected by the Portfolio and Quantitative Research (Risk) teams. These ETFs aim to replicate as closely as possible the performance of a basket of securities with specific common properties, thus being effective instruments for...
Danone SA is a France-based food and beverage company with an international presence. The company operates through three business units: Essential Dairy and Plant-Based Products (EDP), Waters, and Specialized Nutrition. ...
The Russia-Ukraine Crisis has been disrupting the world economy over the past three months. Minerva's Macro Research team investigated the matter thoroughly, trying to identify its causes, the European reactions to the war and the likely economic consequences. ...
Royal Caribbean Cruises Ltd, is an American-based cruise holding company that owns and operates three global cruise vacation brands, including Royal Caribbean International, Celebrity Cruises and Silversea Cruises. It also owns joint venture interest in the TUI Cruises and Hapag-Lloyd Cruises. The company offers a...