| After rising 12% in the first quarter the year, the JSE started April on the front foot with a 1.1% rise on Thursday. A 5.3% gain for both Naspers and subsidiary Prosus supported the market after associate Tencent surged 7.2% in Hong Kong. Prosus also announced the appointment of former Airbnb vice president Romain Voog to head up classifieds business OLX Group. More on that story in your first newsletter of the week, along with mixed news from Renergen. The emerging helium and natural gas producer's financial director has quit. However, it has reached another milestone at its Virginia Gas Project as it prepares for production. Meanwhile, Life Healthcare has completed the sale of its Scanmed business in Poland and Quilter says it may return capital to investors as it prepares to sell its Isle of Man-based international business. If you're a Cartrack shareholder and plan to take up its reinvestment offer following the listing of holding company Karooooo on the Nasdaq in the US, don't forget the closing date is 16 April. In the wake of the implosion of Bill Hwang's Archegos Capital Management, Magic Markets hosts, The Finance Ghost and Mohammed Nalla (Moe-Knows), discuss how hedge funds work and how a few banks found themselves severely on the wrong end of a hedge fund disaster. There's also a discussion around investing in initial public offerings (IPOs), with a dad joke thrown in along the way for good measure. It's free and it's fun and you can find it here. Finally, in The Week Ahead, Chris Gilmour looks back at some of the news that guided markets last week and what to watch out for in the days ahead. I hope you have a good week. Stephen Gunnion Managing Editor, InceConnect
The latest from Ingham Analytics Derivative instruments in themselves are not a problem provided those engaged in them as a trading strategy adhere to proper risk management procedures and there is transparency. This was manifestly absent in the recent Archegos/ViacomCBS trade. Top market risk expert Andrew Kinsey simply explains the structures in play and how things unravelled. If you're a trader or curious to learn how not to do things you'll want to read this punchy analysis entitled "Archegos goes down, banks blow themselves up". | 