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...It “provides a significantly better data point around management’s commitment to deliver cost savings over the next few years”, Erickson added....
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...However, the incentives for investors have flipped in recent months, driven by data that point to a resilient US economy....
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...The push into non-tech companies comes amid a recovery in Tiger’s main hedge fund, which at the half-year point of 2022 had lost about 50 per cent of its value compared to 2021....
...And if that costs the US taxpayers a few more basis points in borrowing costs, that seems clearly worth it?...
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...Private lenders including Ares Management, Oak Hill and Blue Owl stepped in to provide a $4.8bn senior private loan....
...Rather than just a damage limitation exercise, it needs to convince the world that this is a true turning point....
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