Hints and tips:
...Vanguard chief executive Tim Buckley plans to retire from the asset manager by the end of the year....
...BlackRock, with $8.6tn in assets under management, has been under particular scrutiny because chief executive Larry Fink has promoted sustainable investing at the world’s largest asset manager....
...Management, after the municipal-bond offering for Alabama prisons stumbled earlier this month....
...There aren’t many assets like that where you’re able to invest.”...
...“The current context demands action,” he warned, “if only for self-preservation.”...
...He wrote a book about preservation and founded the Classic American Homes Preservation Trust (CAHPT), opening several properties to public viewing....
...Last year, research by the University of Alabama showed that liquid alternatives have not created any value for investors and have failed to deliver on their promise to provide positive returns regardless...
...It also has assets. Managing those assets well is at least as important as managing the liabilities. Here the authors show how big, undervalued and mismanaged public assets generally are....
...The company also operates four toll roads in Alabama, where traffic has been declining at annual rates ranging from 3 to 9 per cent....
...A lot of the city’s rich people are getting older and so are becoming more concerned with preservation of wealth, not to mention business and family succession planning....
...Overall, assets under management at Citadel rose to $14bn, up from $11bn in 2011....
...A frenzied price spike in March 2008 drained cash from merchants as they attempted to meet margin calls, bankrupted the US affiliate of Swiss trader Paul Reinhart, forced Alabama-based Weil Brothers out...
...BofA has been shedding assets as it looks to rebuild capital ratios, which were damaged by the ill-fated acquisition of Countrywide, the mortgage lender....
...But 16 years of the slow life in Alabama has cleaned up his behaviour to the point where he might attend a debutante ball or even the odd white gloves and manners class without committing an awful faux pas...
...With India battling high inflation, gold has found favour there as a means of wealth preservation, just as in China and other parts of Asia....
...Last week, Mr Fuld tried a different tack, saying Lehman would try to sell a 55 per cent stake in the asset management arm and spin off $30bn of commercial property assets into a separate “bad bank” structure...
...In addition to the East Texas and Louisiana fields, the assets include onshore and offshore reserves in Mississippi, Alabama, the North Sea and North Dakota....
...Initially, he focused on a small Alabama financial institution called Enstar....
...It is “the preservation of equity” they are concerned with....
...“We remain mid-term bulls,” he said, in spite of signs of a decline in investors’ appetite for risky assets....
...JC Flowers already owns big positions in three “platform” companies: Shinsei; NIB Capital Bank, the Netherlands-based bank he acquired last year, and Enstar, an Alabama-based insurance business....
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