Hints and tips:
...The Scaramucci-led fund manager SkyBridge bought $10mn worth of FTT, the token issued by FTX, two of the people said....
...Triple-B [the lowest rung of IG] spreads are at about 120bp, whereas double-B high-yield is at 200bp. So you pick up 80bp from going from triple-B to double-B....
...Asset managers hold candle out for blockchain As cryptocurrency markets failed to claw back gains last week, asset manager Schroders picked up a stake in the crypto-focused fund manager Forteus....
...The fund of funds manager was valued at roughly $200mn in 2017....
...These institutional investors had typically divided their assets between stocks and bonds....
...at asset manager Payden & Rygel....
...The loan is secured on a) his equity in the fund b) a bunch of SoftBank shares and c) his personal wealth....
...manager Schroders....
...Demand was weak, with money managers preferring to hold cash or higher quality investments than lend to risky companies and private equity firms....
...The 12-month pilot, which opened to the public last month, covers half of the Grade II-listed structure....
...“Imagine if [people] said Queen Elizabeth II is going to go bankrupt?” said a top executive at a Spanish bank. “She isn’t. Barcelona has intangible assets which will never disappear.”...
...SkyBridge experienced a net outflow of $1.4bn during the year, said a spokesperson for the investment manager....
...It is in this context that we should consider the latest “research” from the good folks at ETF-house-come-fund manager ARK Invest and $113bn payment company Square....
...(ii) For the average citizen, I expect them to feel the same as today....
...John San Marco, research analyst at $356bn asset manager Neuberger Berman, said he was spending much of his time trying to assess how much of the coronavirus disruption would endure....
...Brookfield Asset Management, the Canadian asset manager and one of the world’s largest real estate investors, is also interested....
...UBS has hired Ken Geren, a former portfolio manager at Steven Cohen’s Point72 Asset Management, as chief investment officer of its newly formed absolute return strategy within the group’s hedge fund business...
...The through-the-cycle, sector average one year forward P/E multiple for the asset managers peer group is 13.8x....
...(ii) such a property wealth tax would lead to inefficiency in investment behaviour....
...While the largest asset managers typically have governance teams deciding on how to vote at shareholder meetings, smaller investors often follow the proxy advisers’ advice....
...We run our L-T recession scenario analysis, factoring in: i.) earnings stress (15% p.a. decline in Net Income vs. base case 2020-22E); ii.) asset quality stress of -2.7% GDP (EBA stress test) over three...
...“It is incumbent upon […] asset managers to use their services responsibly,” he said. Under the new EU rules, asset managers will have to disclose their use of proxy advisers on an annual basis....
...Last week traders and producers exported a record 3.8m b/d of US crude oil, data released on Wednesday showed....
...Steve Cohen’s Point72 Asset Management is among hedge funds upping short bets against Jupiter Fund Management as the battered UK-based asset manager grapples with huge outflows and rising costs....
...“The next big step forward will be a “consolidated tape” that aggregates and reports the volumes of ETFs traded into one place,” noted BlackRock, the asset manager and one of the biggest ETF issuers, last...
International Edition