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...Admittedly, the x-axis scaling in the chart above is doing a lot of the work: the x-axis is scaled by log years until 2050, resulting in a clean regression against available historical data....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...New York-listed Blackstone Mortgage Trust, which Blackstone began to manage in 2013 as part of a push to diversify its assets beyond traditional private equity investments, provides loans to commercial real...
...Goldman adds that differences in debt levels between cities muddy the fiscal picture: heavily indebted cities need to cut spending to pay down debt, while less indebted ones need to step up investment....
...Gresham Investment Management’s Irene Perdomo has joined Dubai-based Ocean Leonid Investments as co-head of systematic strategies....
...In those transactions, a pool of assets — such as mortgages, credit card receivables or auto loans — are packaged together, with the interest payments funding new slices of debt that are sold on to investors...
...Real consumption, led by surging car buying (Rob did his part), soared 3.7 per cent in the first quarter, more than offsetting a small decline in fixed-investment....
...The last time the industry saw such a big haul was in 2007 when John Paulson made about $15.6bn betting against subprime mortgages. It’s a huge feat for the soon-to-be Florida-based firm....
...Klarman spent much of his letter critiquing the Fed’s response to the financial crisis, when the central bank cut interest rates close to zero and began hoovering up Treasuries and mortgage-backed securities...
...The Big Short movie chronicled short selling directed against US mortgage-backed securities while the Netflix documentary Skandal!...
...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...
...Petersburg, Florida-based asset manager Ark Investment Management in 2014....
...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....
...The bank has attracted investment from the Saudi National Bank to help pay for the restructuring....
...By originating assets directly, Apollo and Pimco are trying to ensure they have a steady source of credit investments as well as a good sense of the quality of the paper they are selling on to their investors...
...Most of the UK’s 5,200 defined benefit schemes, which promise to pay employees’ pensions at a fixed level, use liability-driven investment strategies, which use derivatives to increase exposure to UK government...
...Among the top 10 holdings in its Scottish Mortgage Investment Trust fund as of September 30 were shopping platform Meituan and social media and gaming group Tencent, both of which declined by more than 14...
...Catalyst switched from its original subadviser, called Stone Beach Investment Management, to Wynkoop Financial LLC, which manages another fund for Catalyst....
...Other high-profile casualties among growth investors include Baillie Gifford’s Scottish Mortgage Investment Trust and Cathie Wood’s flagship Ark Innovation ETF, both of which have nursed big losses in the...
...The neobank posted its first annual profit last week fuelled by its move into the mortgage market....
...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...
...Meanwhile Baillie Gifford’s Scottish Mortgage Investment Trust — aka the thinking person’s ARKK — marked down its private investments by an average of 9.1 per cent in January alone, according to analysis...
...Olesky, a former banker at Credit Suisse, launched Tradeweb as a rival to the investment banks that dominated credit trading on Wall Street....
...The uptick in Treasury yields has lifted borrowing costs for companies and also driven mortgage rates higher....
...But the Scottish fund manager failed to garner enough support from fellow shareholders to rebuff the approach, said James Anderson, joint manager of Baillie Gifford’s £20.7bn Scottish Mortgage Investment...
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