Hints and tips:
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...On Wednesday, Silver Lake added BDT & MSD Partners — the private capital firm founded by Byron Trott and Michael Dell — to the consortium....
...The bank plans to also repay $13bn in high-cost debt, like a 8.5 per cent yielding rescue loan PacWest took from Atlas SP Partners, a lending arm of Apollo Global, in late March....
...OK, so there was a liquidity problem with SVB and something about mortgage-backed-securities, and fundamental timing mismatches of liabilities....
...Perella Weinberg Partners has promoted managing directors Anthony Giuliano and Cory Hill to partner. They’re based in New York and Los Angeles, respectively....
...Last year Millennium created new roles to lead the risk management of the asset classes it trades, hiring Russo, as well as former Goldman partners Jeff Verschleiser as head of credit and mortgage-backed...
...That year, a talented First Boston mortgage bond trader who had suffered losses, Lawrence Fink, would also leave to start a money manager that would eventually become BlackRock....
...Verschleiser was previously head of global mortgages, credit and municipals trading at Goldman Sachs until 2019 and has more recently been partner and chief investment officer for credit at private equity...
...Pacific Western Bank had to turn to investment firm Atlas SP Partner for a $1.4bn financing facility. Policymakers have taken extraordinary actions to quell panic among depositors....
...Investors including Goldman Sachs Asset Management, Partners Group and Pantheon have said there is an opportunity to capitalise on this repositioning and buy cut-price assets from UK pension funds....
...One thing to start: Intercontinental Exchange has deepened its push into the US housing market data business, striking the largest deal in its history by agreeing to purchase mortgage software company Black...
...The uptick in Treasury yields has lifted borrowing costs for companies and also driven mortgage rates higher....
...Hult has been the driving force behind many of Tradeweb’s most successful US businesses, including the mortgage and Treasury franchises....
...Founded in 1999, Paris-based Meilleurtaux provides customers with comparisons on consumer financial products ranging from mortgages to credit cards....
...The US investor agreed to take New York-listed housebuilder The New Home Company private in a $338m deal earlier this year and is investing in UK mortgage lender Foundation Home Loans....
...“It’s the latest missing piece of the ecosystem,” says Julien Cordoniou, a London-based partner at venture capital firm Felix Capital....
...Led by Bravo and a tight-knit group of managing partners, the firm has done nothing but buy software companies for nearly 20 years....
...Take Ellington, one of the oldest and biggest dedicated credit hedge funds, having been set up in 1994 by Michael Vranos, a former superstar mortgage bond trader at Kidder Peabody....
...The 14-year-old company will merge with 890 Fifth Avenue Partners, a special purpose acquisition company that raised $288m earlier this year. 3....
...Morningstar in January downgraded its rating for the $7bn Baron Partners Fund from bronze to neutral because the fund had allowed its position in Tesla to balloon to 47 per cent of assets as of December...
...Slaughter and May has added five new partners....
...James Anderson, who has managed the £17.5bn Scottish Mortgage Investment Trust since 2000, will step down in April next year. Read more here....
...Norwest Venture Partners has hired Dave Zilberman as a general partner. He joins from Comcast Ventures, where he worked as a senior managing director....
...The dealmaking continued with the New York Stock Exchange owner Intercontinental Exchange’s $11bn purchase of US mortgage data provider Ellie Mae in August....
...Job moves Freshfields will open a new office in Silicon Valley with seven founding partners. Full details here....
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