Many Wall Street strategists are expecting M&A to pick up in the first half of 2025 given M&A volumes as a percentage of GDP remain at historical lows. We suspect volumes were depressed due to a combination of higher rates and a feeling of a more adversarial regulatory environment. Pier 88 submits that many traditional […]

August 2024 Legal and payment tech company Shieldpay (www.shieldpay.com) has successfully closed its £12mil ($15.7mil) bridging round with Pier 88 now joining the list of investors. Shieldpay (founded in 2016) is an authorised payments institution and UK’s market leading payments processor in use cases specific to the legal sector, including M&A, litigation, probate and Real […]

Following strong performance of convertible bonds over the last several years, savvy investors are beginning to take notice of the attractive characteristics of this unique asset class. The hybrid construction of convertibles can offer a compelling way to participate in risk on markets while offering some downside support during market pullbacks. Pier 88’s Investment Team […]

Introducing the BlueFlag Security platform, a transformative approach that establishes identity security as the bedrock of developer security and governance efforts SUNNYVALE, Calif. — March 21, 2024BlueFlag Security today announced a $11.5 million seed funding round to redefine software development lifecycle (SDLC) security. Led by Maverick Ventures and Ten Eleven Ventures with participation from Pier […]

The team’s approach was recently recognized, as PBXIX received a 5-Star Morningstar Rating in the Convertibles Category for the 3-year period ending January 31, 2024 out of 77 funds (based on risk adjusted returns). Disclosure: PBXIX is rated 5 stars by Morningstar for the Overall and 3-year period ending 1/31/2024, based on risk adjusted returns, […]

Following several years of strong issuance of convertible securities, many investors are digging in to learn more about the unique characteristics of an instrument that can offer both offense and defense. Convertible securities combine equity and debt features, allowing investors to participate in potential equity price appreciation while offering more limited downside risk provided by […]

The big money is not in buying or selling, but in the waiting. Charlie Munger The above quotation from the late famed investor Mr. Munger lingers in our head as we reflect on his storied career given his recent passing, and on the performance of the Geneva Investment Strategy this year as investors eschewed small […]

Over the years we have heard other professional investors proclaim that they predominantly focus on finding companies with large moats. Many ascribe the moat philosophy to famed value investor Warren Buffett. With all due respect to Mr. Buffett and his legion of disciples, we are not sure that strategy neceassily works for growth investing. The […]

Following strong performance of convertible bonds over the last several years, savvy investors are beginning to take notice of the attractive characteristics of this unique asset class. The hybrid construction of convertibles can offer a compelling way to participate in risk on markets while offering some downside support during market pullbacks. Pier 88’s Investment Team […]

Dear Investor, My son advised me that he had used ChatGPT to create a study guide for his biology class final and instructed it to assume he had skipped a decent percentage of the classes during the semester in order to focus on his computing classes, and that this would be the only material he […]