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Unauthorised Use of Dalma Capital’s Name and Details

Dalma Capital Management Limited (the “Firm”), is duly incorporated in the Dubai International Financial Centre (DIFC) and authorised and regulated by the Dubai Financial Services Authority (DFSA).

The Firm has become aware that an unauthorised entity operating under the name “D’ Finance Capital” has been misusing the Firm’s details and falsely claiming association with the Firm.

The Firm hereby confirms that:

  • it has no affiliation or connection whatsoever with “D’ Finance Capital” or any of its representatives,
  • any representations, communications, or activities undertaken by this entity are unauthorised, false, and misleading, and
  • it does not accept any responsibility or liability for dealings with this entity, nor for any losses or damages arising from reliance on its claims. 

In line with its obligations as a DFSA-authorised firm, the Firm has:

  • notified the DFSA of this unauthorised use of its details;
  • reported the fraudulent website and materials to the relevant authorities; and
  • enhanced its security protocols to protect its office premises, employees, and clients.

Members of the public, clients, and counterparties are advised to exercise caution and verify any communications claiming to be from the Firm by using only the official contact channels listed on our website: www.dalmacapital.com.

Suspicious communications should be reported immediately to compliance@dalmacapital.com.

The Firm remains fully committed to its obligations under the DFSA framework and to protecting the interests of its clients, shareholders, and stakeholders.

Insights

Insights image

Path to Control M&A Deals: Strategic Benefits and Situations Where They Are Advantageous

Path to control M&A deals involve a buyer purchasing a significant minority stake with the rights or requirements to buy a majority or the entire business later. These deals can be highly strategic, offering both the buyer and seller unique advantages. This article will delve into the strategic benefits of path to control deals, explore situations where they are particularly advantageous, and examine common structuring options and the risks and pitfalls associated with them.

How Should We Invest in Equities

U.S. economic indicators continue to trend positively. As we had noted in our previous issue, the decline in inflation, driven by falling oil prices, has put more money in the hands of consumers, sparking a notable increase in spending. The U.S. Economic Surprise Index has seen a rebound in recent weeks, dispelling earlier concerns about a recession. A key highlight was Thursday’s Q4 GDP report, which significantly exceeded forecasts with an annualized quarterly growth of 3.3%, surpassing the consensus estimate of 2.0%. While this growth rate was partly inflated by inventory accumulation, the underlying figures remain robust nonetheless. 

Steady But Not Stable

A world of no surprises cannot last forever and we had said so last week. Indeed, this past week, several economic data points in the US marched into positive territory, suggesting better momentum than many economists had expected. The Citigroup economic surprise index bounced off zero to its best level in around a month. It is encouraging that the index is no longer neutral!

Nothing Has Changed But Everything Has Changed

The transition from 2023 to 2024 has been characterised by a stark contrast: While investors appeared in high spirits and fully confident at the close of 2023, 2024 so far has seen them take a more cautious and subdued outlook of the future. This was evident last week as equities declined 1-4% while yields on longer-dated bonds surged 10-15bps. This shift, despite no significant changes in market fundamentals, suggests a growing acknowledgement on the part of investors that the market rally in the last quarter of 2023 was perhaps excessive.

Ten Pointers to 2024

As we step into a new year, it's crucial to understand the evolving landscape of financial markets. We look back to draw lessons and try to gauge what can be set right. We dwell on the happenings of the year gone by and try to understand what can go right – and wrong – for the markets. This commentary presents ten pointers on how the markets fared and where we think we are headed.

Doves in the Ascendency

The doves at the Federal Reserve were in the driver’s seat last week as the central bank's statement and dots boosted hopes for significant policy rate cuts in 2024. The Fed is signalling three rate cuts next year; the market is pricing around six. Although the Fed has not entirely ruled out the possibility of raising rates again, the market is clearly of the view that rates have peaked and that there may be a good reason to cut rates earlier than the central bank indicates. Meanwhile, policymakers now appear more sanguine about the inflation outlook as the sharp drop in oil prices has helped tame inflation somewhat.