Hints and tips:
...The value of short positions against Argentine bonds lent by international custodian banks is currently $41mn, a sharp increase from $25mn ahead the mid-August vote, according to data from S&P Global Market...
...HR positions are now more likely to be considered part of the “C-suite” than five years ago....
...By June next year, S&P Global is predicting the US default rate will rise to 4.5 per cent, up from 1.7 per cent at the start of 2023....
...Adam Abbas, the co-head of fixed income at Harris Associates, said markets were “effectively” closed for triple-C rated companies looking to raise debt, raising the spectre of “a natural default cycle”....
...It is a clearout that mirrors the CEO turnover after the 2008 financial crisis, according to Luke Meynell of executive search company Russell Reynolds Associates....
...this article: Job sharing is one route to gender equality in C-suite / From Mary McCarthy, Dublin, Ireland...
...Ethan Ilzetzki, associate professor of economics at LSE: The UK will lag behind other developed economies in 2023....
...And you don’t hear much complaining when the industry does beat the S&P, as was the case in 2018....
...Our last published fair value of 440p (29% upside) is equivalent to a P/TNAV multiple of 0.79x....
...The stock trades at 21x FY22E P/E. During the lockdown, we have seen major brands, i.e....
...Associate/JV income of $421m is 27% below consensus $574m....
...“Running assets for a P&C focused insurer is different from managing the savings accumulated though life insurance products,” said Mr Holmes....
...I am buying triple-C credit in the high-yield junk bond market, triple-A CLOs (collateralised loan obligations) and triple-B corporate bonds. “An inflation breakout would worry me....
...We value JE using a sum-of-the-parts model comprising the UK, Canada, Australia and the iFood associate, which is a significant element (c.10%) of the group valuation, using a combination of sales multiples...
...Tony Yates, macroeconomic policy unit research associate at the Resolution Foundation: No....
...Michael C Fina, a well-known New York jeweller that shut its physical store in 2016 in an effort to shift online, closed for good earlier this year after almost 85 years in business....
...The M came off first, then the P. Soon the T, R and U were gone too....
...Most investors associate that setting with high recession risks, which is why 2019 could be the true late-cycle year when almost every asset underperforms cash....
...New hires include Mike Cooke, formerly at TA Associates on technology investments, has joined as vice-president. Bilal Chaudhry, who worked at KKR, is now senior associate at Apax....
...Chris Humphrey is a Research Associate at the Overseas Development Institute, specialising in development finance. Back to beyondbrics...
...“There will be a lot of c**p that clients won’t pay for and that is when the big cuts [to the analyst workforce] at the global banks will come....
...Tightened underwriting is to bring the loss ratio in its core P&C unit to the key 60 per cent threshold....
...(Data from Cambridge Associates make the picture look a bit better.) Just imagine how badly you’d do if you invested with general partners who are below average....
...Elliott Associates, an activist hedge fund, is known for challenging companies’ management and calling for change....
...“There’s certainly regret,” said Jim McKee, head of hedge-fund research at Callan Associates Inc., which advises pension funds....
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