Hints and tips:
...It was the tenth anniversary of its spinout from French insurance company Axa, a deal dubbed “the robbery of the century” by a rival, and likely the best deal of Senequier’s investment career....
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...Here’s Jefferies: Given the current state of capital markets, in our view this is hardly the ideal time to begin an IPO process, especially for a company that provides 5% investment guarantees to customers...
...After all, a 1.5 per cent-plus rate is a long way from the latest 0.3 per cent reading.We have also largely avoided mentioning the B-Word....
...“I think the bigger holders now of securitisations are insurance companies and pension funds.”...
...The automobile analogy is cliché, but apropriate: in the hands of a reckless or intoxicated driver, a car is quite dangerous. But automobiles are extremely useful, if used sensibly....
...Insurance companies, mutual funds and pension funds alone are estimated to have $80bn of exposure and the banking sector’s exposure is in excess of $200bn....
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