Latest news with #UB
Yahoo
2 days ago
- Business
- Yahoo
Traders Hedging Record Rally Dabble in Exotic Options
(Bloomberg) -- Investors looking to protect against a pullback with stocks at peaks are venturing beyond plain-vanilla options. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Budapest's Most Historic Site Gets a Controversial Rebuild Trump Administration Sues NYC Over Sanctuary City Policy The steady grind higher in the S&P 500 Index has pushed most gauges of implied and realized volatility to the lowest levels in months — in some cases years. The collapse in volatility after the April tariff shock has surprised many investors, given the geopolitical tensions and uncertainty around the impact of levies on corporate earnings. With a whiff of complacency in the market and a resurgence of meme-stock mania signaling euphoria among investors, strategists across Wall Street are talking more about picking up some protection against a retreat from the highs. Hedging is likely to gain traction both in the context of upcoming earnings and tariff deadlines, and the seasonal trend for the Cboe Volatility Index to rise through the third quarter from July lows. But simple strategies can be tricky in a rising market, where the few, small dips are seen as buying opportunities. Vanilla put options quickly fall out of the money as the index rises, forcing investors to keep shifting positions higher to maintain their desired level of downside protection. So strategists are pitching over-the-counter alternatives. At UBS Group AG and JPMorgan Chase & Co., they have recently recommended so-called lookback or re-settable put options, where the strike follows the market higher and — in the case of lookback puts — is set at the highest closing print during the life of the trade. Those are currently trading at a historically narrow premium to vanilla puts, JPMorgan strategists including Bram Kaplan wrote in a note earlier this month. 'Hedging is very much in focus,' said Antoine Porcheret, head of institutional structuring for the UK, Europe, Middle East and Africa at Citigroup Inc. 'We have seen decent buying flows in the lookback put as it is cheap by historical standards since the value of the lookback feature is a function of implied volatility, which is low.' UBS strategist Kieran Diamond wrote in note last week that historically, a market on the highs is more likely to go higher than reverse, thus increasing the chance of a vanilla put struck today becoming deeper out of the money. A lookback put implemented from a market high would have shifted the strike of a two-month put at 95% of the spot level 3.4% higher on average over the past 10 years, and the lookback feature costs only 0.4% more than the vanilla put, he said. The best scenario to buy a lookback put is when the market rallies and then collapses. In such cases, the additional payoff versus the vanilla version can be significant. 'There was a wave of interest in the lookback hedge payoff earlier in the year, when spot was near highs and vols had dropped towards lows,' said Pete Clarke, UBS's global head of volatility strategy. 'Following the latest rally and vol reset, we've seen them actively quoted once again.' S&P 500 futures were 0.2% higher as of 6:40 a.m. New York time on Monday. Markets get another test in the coming week with the Federal Reserve rate decision, US employment and gross domestic product data, and the tariff deadline — plus a slew of big tech earnings. Meanwhile, the re-emergence this month of wild swings in meme stocks will also likely have institutional investors reaching for protection trades, rather than chasing further gains. In 2021, retail-frenzied gains marked a spurt of euphoria for stocks, with moves that quickly faded. The interest in lookback puts 'is mostly from accounts other than hedge funds, such as long-only asset managers and private banks,' Porcheret said. 'Hedge funds and especially volatility-arbitrage accounts tend to opt for cheapened downside structures as opposed to a lookback which carries additional cost.' Volatility on technology stocks has been hit especially hard, with Asym 500 founder Rocky Fishman pointing out in a note last week that 10-day realized volatility on the Nasdaq 100 Index had fallen to the lowest level since 2021. 'Nasdaq and generally Tech has been a popular underlying as the volatility there has been especially crushed,' Porcheret said. (Updates with S&P 500 futures in 11th paragraph. An earlier version corrected spelling of firm name in penultimate paragraph.) Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Scottish Wind Farms Show How to Counter Nimby Opposition ©2025 Bloomberg L.P.
Time of India
17-07-2025
- Time of India
Indian student of Buffalo University slammed for derogatory social media comments, he says he never wrote them
An Indian student of New York's Buffalo University was accused of making derogatory comments on social media. A major social media outrage began over some purported comment of one Aaditya Verma, whose various social media comments, all derogatory, went viral. One particular comment that enraged X users was on a Delhi University student whose body was recovered from the Yamuna River in Delhi recently. Several people liked the comment that was made on the looks of the deceased. Social media users tagged the University of Buffalo urging them to take action against the student, also to deport him. Even FBI chief Kash Patel was tagged in some of the posts that demanded action against Aaditya Verma. "Thank you for reporting this comment, which is unacceptable and is contrary to the University at Buffalo's values. UB's Office of Equity, Diversity, and Inclusion (EDI) will investigate this and take appropriate action. Please know that due to federal privacy laws and regulations, we cannot disclose any information about actions taken regarding UB students," the university replied to a complaint, according to a screenshot shared on X. Aaditya Verma, the person concerned, issued a statement on LinkedIn that he became and target of cyberbullying and he never wrote those comments. "To everyone who knows me-- you already know this isn't who I am. And others please verify before believing or spreading false narratives. This could happen to anyone," the person wrote. As the university has not issued any official statement and only replied to complaints, it is not yet known whether the Indian student was target of cyberbullying or if he actually made the posts.
Borneo Post
16-07-2025
- Science
- Borneo Post
UMS, Universitas Brawijaya ink MoU to strengthen academic ties
KOTA KINABALU (July 16): Universiti Malaysia Sabah (UMS) and Universitas Brawijaya (UB) have formalised a Memorandum of Understanding (MoU) to bolster academic and research collaborations. UMS Vice Chancellor, Prof. Datuk Dr Kasim Mansur, said the partnership initially began with a Letter of Intent (LoI) at the faculty level and has since expanded to cover broader initiatives, including student and staff exchanges, joint research activities, and academic lectures. 'Several programmes have already been rolled out, such as the Brawijaya International Student Mobility Award 2024, UBStars 2023 and 2024, International Staff Mobility Programmes at UMS and UB, the three-in-one Programme in both years, and collaborative publications in academic journals,' he said. The UB delegation was led by its Rector, Prof. Dr. Widodo, who was accompanied by Vice Rector for Planning, Collaboration and Internationalisation, Prof. Dr. Andi Kurniawan; Dean of the Faculty of Fisheries and Marine Sciences, Prof. Dr. Sc. Asep Awaludin Prihanto; and Dr. Aziz Jaziri. Kasim and his team, comprising UMS Deputy Vice Chancellor for Academic and International Affairs, Prof. Dr. Rossita Shapawi; Deputy Vice Chancellor for Research and Innovation, Prof. Dr. Ir. Rosalam Sarbatly; Assistant Registrar, Luqman Ridha and Director of the Borneo Marine Research Institute, Assoc. Prof. Dr. Ching Fui Fui, welcomed the delegation. Beyond the signing ceremony, the visit also served as a platform for both universities to further discuss ongoing research collaborations, exchange of expertise, and the creation of new academic and student mobility opportunities. 'We hope these initiatives will continue to foster strategic cooperation in academia and research between UMS and UB,' added Kasim.
Yahoo
28-05-2025
- General
- Yahoo
Kennedy: Halt on student visas would be ‘catastrophic' for UB
BUFFALO, N.Y. (WIVB) — Congressman Tim Kennedy (NY-26) said a halt on student visas would be 'catastrophic' for University at Buffalo on Wednesday. It comes after the Trump administration ordered U.S. Embassies to stop scheduling student visa appointments as the administration attempts to expand social media screening for applicants, the latest in a series of restrictions placed on prospective international students. The administration has said that the pause will only last a few days until 'further guidance is issued.' According to a November 2024 report from UB, the university enrolled 8,380 international students from more than 100 countries during the fall 2023 semester, putting the school within the top 25 in the country when it comes to international students. The majority of international UB students are from India and China. UB enrolled 30,558 total students during the fall 2024 semester. 'To see the next generation being told no, you're not going to get your student visa, just because the Trump white house has something against, now, immigrants?' Kennedy said Wednesday. 'That want to come here? To get their education? Live a better life? It's absolutely catastrophic for the University at Buffalo, the entire SUNY system and quite frankly, the American higher education system.' Other Western New York institutions see international students, but none to the degree of UB. Right behind UB, Niagara University reports around 23% of its student population is international. Buffalo State has approximately 125 international students, Daemen reported 33 during fall 2024 and St. Bonaventure reported 105 undergrad international students in 2024. Aidan Joly joined the News 4 staff in 2022. He is a graduate of Canisius College. You can see more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Scottish Sun
17-05-2025
- Scottish Sun
Mr Big behind Scotland's new gang war revealed to be ex-Union Bears chief
A source said: 'McGill is Scotland's most wanted gangster.' 'MIAMI' UNMASKED Mr Big behind Scotland's new gang war revealed to be ex-Union Bears chief Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE ex-Rangers ultra waging a terrifying gangland war on Scotland's streets can be unmasked for the first time. Former Union Bears chief Ross McGill, 31 is the Dubai-based hood known as 'Miami'. 3 McGill pictured next to Gers captain James Tavernier 3 He was recently snapped in a white Rolls Royce in Dubai 3 The ex-UB chief announced in September he was leaving his role as so-called UB 'lead capo' He is behind a wave of firebombings across the central belt. McGill has been hunted by cops for three years over claims he was involved in drug dealing and serious crime. But he fled the UK in 2022 — months after he announced he was stepping down as Rangers ultras' leader — amid fears he would be arrested after cops cracked encrypted phone network EncroChat. Sources say McGill, who uses the nickname Miami, initially fled to Spain before moving to Dubai. He has resurfaced as an aspiring crimelord, calling the shots on an ongoing underworld turf feud that has seen a wave of attacks in and around Edinburgh and Glasgow. The Scot was recently snapped in a white Rolls-Royce in the desert haven favoured by criminals eager to evade the law. Previously he was a top figure in the fanatical Gers supporters group — even posing for photos next to captain James Tavernier, 33, and ex-manager Steven Gerrard, 44. Last night a source said: 'Ross McGill is a well-known figure in football circles due to the role he had with the Union Bears. 'He was seen as a very effective leader and built up connections with the club as a representative of the ultras group. 'When he left his role he was given a handshake from Gerrard, who was happy to pose for a photo widely shared on social media. The DOWNFALL of Scotland's biggest gangster - Jamie 'The Iceman' Stevenson Part Two 'But no one at the Ibrox club, including Gerrard, would have had any clue that McGill was part of a police investigation into serious organised crime. 'It will come as a total shock for them to learn what he's accused of.' Light Blues skipper Tavernier shared a picture on Twitter in July 2019 when McGill presented him with a trophy from the ultras. The ace wrote: 'Honoured to have received last year's player of the year award from Ross and the Union Bears last night.' In September 2021, McGill announced he was leaving his role as so-called UB 'lead capo' — sparking a wave of tributes from fellow fans. One wrote on a forum: 'Wish him all the best, he's built that group from nothing and led a tremendous singing section for years.' Another added: 'He has been absolutely fantastic. Cap doffed sir. 'Replacement has big shoes to fill, but we wish him all the best.' Another Light Blues fan chipped in: 'All the best to Ross and thanks for the tireless efforts in bringing colour and of course the noise.' But the supporters had no idea McGill, originally from East Kilbride, was already being investigated by cops over links to organised crime. Underworld sources say that since then he has made connections with cartel Mr Bigs. Among his close associates is said to be Stephen 'Jimmy' Jamieson, 42, former right-hand man of Jamie 'Iceman' Stevenson, 60. It's claimed McGill was introduced to the highest levels of criminal networks by supergang chief James 'The Don' White, 47. RICHARDSON CRONY VAN IS TORCHED EXCLUSIVE by Graham Mann and Harry Williamson THUGS torched a van in another strike on caged kingpin Mark Richardson's cronies. The charred motor was seen parked outside homes in Newcraighall, Edinburgh. It was owned by a company linked to Paddy Beatson — a well-known associate of the besieged mobster. Gunshots were allegedly fired into Beatson's home in the city's Niddrie in March, when McGill began targeting his rivals' allies. We also revealed how gangsters hired a hitman to hunt down enemies in Richardson's crew including Beatson. A mysterious group known as Tamu Junto has been targeting homes linked to Richardson and the feared Daniels crime clan. Police Scotland said: 'About 7.05pm on Friday, we were called to a report of a van on fire. 'There were no injuries. The fire is being treated as wilful. Inquiries are ongoing.' He is also a close pal of cocaine dealer and ex-Union Bears thug Lloyd Cross, 33, now serving a six-year prison stretch for his role in Iceman's £100million racket smuggling cocaine in banana boxes. And there are disputed claims his rapid rise has been boosted by support from gang chiefs Steven Lyons, 44, and Ross Monaghan, 43. The pair are among underworld figures said to be revelling in the violence being inflicted on targets linked to long-standing enemies Mark Richardson, 38, and Glasgow's notorious Daniel mob. With White banged up in jail, it's claimed McGill now oversees drug routes from South America previously established by Iceman plus James, 52, and Barry Gillespie, 48. Stevenson is set to stay behind bars until he's in his seventies while the brothers, from Rutherglen, near Glasgow, have not seen since 2019 — amid fears they have been murdered in Brazil. That has helped pave the way for McGill to be fast-tracked to the top of the criminal pyramid. We told how sources claim he sees himself as the successor to Scotland's criminal throne and is determined to show he has what it takes to become a feared figure. It's a far cry from McGill's early efforts to become a legitimate businessman. He set up a catering operation called Gourmet Pie Ltd that was dissolved in July 2023. His other failed ventures include a construction business, takeaway food and mobile phone stands, a restaurant, a dry-cleaning company, a management consultancy and a fitness firm. McGill's name and photos of him have been circulating online for months with gangland figures well aware of his role in the turf war. We told how the violence was sparked amid claims associates of caged Edinburgh kingpin Richardson ripped him off with fake banknotes over a £500,000 coke deal. WANNABE MOB BOSS'S £2K CHARITY NEVIS TREK By Graham Mann WANTED man McGill previously raised more than £2,000 for Rangers' charity by climbing Ben Nevis with mates. The former Union Bears chief rallied fellow Gers supporters to support his trip up Scotland's highest mountain. McGill — now holed up in Dubai — earned £2,355 for the Ibrox side's foundation plus a veterans' charity. He launched his appeal on JustGiving ahead of the June 2016 fundraiser. The aspiring crime boss told supporters: 'On Saturday 4th of June, a group of us will be leaving Glasgow for Fort William with the aim of climbing Ben Nevis. 'The walk will take around 5-6 hours, and will see us climb to over 1,300 metres. 'All money raised from the walk will be going to two very worthwhile charities — the Erskine Hospital for ex servicemen and the Rangers Charity Foundation. 'Please donate whatever you can and help us reach our target for these great causes. 'If you are interested in taking part then contact Ross McGill on Facebook. Alternatively if you are on Follow Follow you can send a PM.' He ordered a wave of revenge attacks that erupted in the capital more than two months ago, later spreading to the Glasgow area — where people linked to the Daniel family have been targeted. Videos of some of the incidents have circulated on social media, with a group dubbed Tamo Junto, or TMJ, taking responsibility. Cops have made more than 30 arrests in connection with the feud. The latest attack was a firebombing at the home in Drumchapel, Glasgow, of Kelly 'Bo' Green, 45 — previously the partner of murdered Daniel enforcer Kevin 'Gerbil' Carroll, 29. There have been claims of truce talks in Dubai, where Daniel clan associates have made efforts to persuade McGill to call off the mayhem — but been rebuffed. Underworld sources last week alleged McGill fled from a nightclub in the UAE bolthole after spotting heavies linked to Steven 'Bonzo' Daniel, 45, nearby.
