Hints and tips:
...The term loans and project loans that CDB provided were at variable interest rates, typically at Libor plus 200-350 basis points. That’s well into “commercial” interest rate territory....
...That’s pretty much by design, since investors’ “potential upside is capped at the strike price plus the call premium,” said Morningstar analyst Lan Anh Tran....
...However, that took one of the biggest and best-resourced hedge funds on the planet over a decade of tortuous, expensive litigation and still required a change in government, plus an irascible judge to construct...
...“Stitching together Standard Life and Aberdeen Asset Management in 2017” created a Frankenstein’s monster....
...And Lex weighed in too, labelling the group — formed by the merger between Aberdeen Asset Management and Standard Life in 2017 — the Frankenstein’s monster of fund management....
...This week, we ushered in Ryanair, brewed it a nice cup of tea and invited it to make itself at home alongside fellow old-timers such as the Royal Mint (est. 886AD) and Aberdeen’s Shore Porters (founded 525...
...The almost 10 per cent climb for the afghani also makes it the third-best performing currency this year behind the Colombian peso and Sri Lankan rupee, write Hudson Lockett in Hong Kong and Benjamin Parkin...
...(Wall Street Journal) Bob Iger pledges to cut another $2bn from Disney’s cost base (FT) Fresenius sells fertility business to KKR and GED Capital (FT) US lends $553mn to majority Adani-owned port in Sri...
...The deal brings Wood into partnership with veteran dealmaker Martin Gilbert, former chair of Aberdeen Standard Investments, whose company AssetCo previously owned Rize....
...figures US: September retail sales figures Results: Albertsons Q2, Bank of America Q3, Bank of New York Mellon Q3, Bellway FY, Ericsson Q3, Goldman Sachs Q3, JB Hunt Q3, Johnson & Johnson Q3, Jupiter Fund...
...[MUSIC PLAYING] The International Monetary Fund approved a $3bn bailout for Sri Lanka yesterday....
...Last week the IMF decided it had enough assurances from the creditors to push ahead with a rescue loan for Sri Lanka and duly authorised a $3bn extended fund facility....
...On the plus side, the summit had managed to “turbocharge the political momentum”, he said....
...Immediately they meet the confusing universe of collective investments, comprising more than 4,500 open-ended funds, plus almost 400 investment trusts. There’s simply too much choice....
...And while guaranteed mediocrity gives fund managers an easy benchmark to (fail to) beat, it’s clumsy to the point of uselessness when trying to express a view....
...Boku FY, Henry Boot FY, JBS Q4, Kingfisher FY, Luceco FY, Nike Q3, Oxford Nanopore FY, RWE FY, Trustpilot FY, YouGov H1 Wednesday UK, Consumer Price Index (CPI), Retail Price Index (RPI), PPI and CPI plus...
...“International [ie non-US] stocks as a whole have substantially underperformed for the better part of the past decade-plus....
...Human capacity within such organisations and the groups they fund is going to be the main constraint, one other foundation head noted....
...Last April, the UN Development Programme specifically asked Sri Lanka to negotiate a nature swap programme to help mitigate its economic meltdown....
...The finance ministers and central bank governors of Asean Plus Three countries, including Indonesia’s Sri Mulyani Indrawati and Japan’s Shunichi Suzuki, will hold a news conference on the event’s sidelines...
...Sri Lanka president flees for Maldives President Gotabaya Rajapaksa has fled Sri Lanka on a military aircraft for the Maldives, according to the country’s air force, leaving behind a deepening economic and...
...Now, Sri Lanka must start digging out of a political and economic mess. The country’s opposition leader has called on the International Monetary Fund for help....
...Most of the outflows can be traced back to the 2017 tie-up between Standard Life and Aberdeen Asset Management....
...Finally, what does the phrase “financing assurance” mean in the context of a country like Sri Lanka or Ghana, where roughly half the debt stock is comprised of domestic (local currency) obligations?...
...These MSCI SRI indices do not account for fund fees, and continuing oil price strength will be a headwind for ESG investors....
International Edition