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...Investors have welcomed the capital returns with caution. “Banks need high yield and sustainable yield,” said Antonio Roman, portfolio manager of the Axiom European Banks Equity fund....
...According to Politico, Trump’s closest advisers have told Republican candidates for office not to hire Roe or Axiom, his political consulting arm. Roe declined to comment....
...Jérôme Legras, managing partner at Axiom Alternative Investments, which owns shares in Italian banks including UniCredit and Intesa Sanpaolo, said: “Policymakers didn’t handle it very well....
...Jérôme Legras is a managing partner and head of research at Axiom Alternative Investments If you think the time to worry about US banks’ solvency and capital has passed, think again....
...Take Oren Peleg and Eyal Malinger, veteran investors who have previously worked at companies including Oaktree Capital Management and venture capital firm Beringea....
...“The numbers are still incredibly messy,” said Jérôme Legras, a managing partner and head of research at Axiom Alternative Investments. “For now it’s too hard to read through all the moving parts.”...
...Axiom trades in bonds of Credit Suisse and other banks...
...market is likely to be shocked by such a blatant inversion of the hierarchy of creditors and by the decision to sweeten an equity deal at the expense of bondholders,” said Jérôme Legras, head of research at Axiom...
...Jérôme Legras, head of research at Axiom Alternative Investments, which holds Credit Suisse AT1s, also said that wiping out the AT1 holders was a policy mistake by Finma, the Swiss regulator....
...The writer is managing partner and head of research at Axiom Alternative Investments Large European banks have an excess capital of more than €500bn....
...(Axiom Alternative Investments’ Jérôme Legras’s Alphaville provides a helpful explainer.)...
...The writer is managing partner and head of research at Axiom Alternative Investments Of all the ways a bank can die, the route pursued by Silicon Valley Bank on the way to implosion appears to have been...
...Jerôme Legras is a managing partner and head of research at Axiom Alternative Investments Corporate finance used to be simple....
...“I’m not really worried about asset-quality risk for European banks,” said Jérôme Legras, head of research at Axiom Alternative Investments, a Paris-based financials specialist with $2.2bn in assets under...
...But she ended up “facing a tenacious culture warrior looking to make political capital out of this situation”....
...Axiom Alternative Investments managing partner Jerôme Legras investigated for Alphaville, and discovered it was . . . but only because the Swiss passed an emergency law to get away with it....
...“Capital returns are key, the problem is that they are not decided by loan-loss models or executives, but the view of the supervisor,” said Jérôme Legras, head of research at investment company Axiom....
...This axiom has been worth repeating several times this year, and this week is no exception. Investors still have scope to throw in the towel. So, should you?...
...Climate campaigners are far from endorsing his strategy, but it has become an axiom for a shale energy patch that now treats the 40-year-old Bostonian as something like a folk hero....
...An axiom of investing is to beware regulatory risks after shocks, as recent windfall taxes once again showed....
...The situation is like Covid; it is completely new, we have never been through this since the 1970s,” said Jérôme Legras, head of research at investment company Axiom....
...Tikehau Capital has appointed Sir Peter Westmacott, the former British ambassador to Turkey, France, and most recently the United States, as its UK chair....
...He said the Australian market probably did not have much opportunity left for private capital to buy entire telecoms companies, but said the telecoms industry was “calling out for capital investment to support...
...Even though numbers have been set out, capitals that have already put in place measures such as windfall taxes to ease the crisis will largely be allowed to keep their current systems intact....
...Axiom launch Axiom (or Ax-1), the first all-private astronaut rocket mission to the International Space Station, is due to launch from Nasa’s Kennedy space centre in Florida....
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