Blue Tower says Enova’s Grasshopper merger could open markets, cut funding costs

Enova led Blue Tower Asset Management's Q2 2026 performance after being its largest Q1 detractor. The manager says the Grasshopper Bank merger could open markets and cut funding costs, but expects share-price volatility until the merger gets full regulatory approval and closes.

Blue Tower reported an 18.91% net return for Q2, taking its 2026 year-to-date return to 20.84%. Enova closed at $171.90 on Sept. 24, 2026; its shares had fallen 26.13% over the prior month and gained 40.98% over 52 weeks.