Hints and tips:
...cash-generative business....
...“Credit Suisse Asset Management has continued to work tirelessly on the recovery of cash for investors in the supply chain finance funds,” Credit Suisse said....
...That included loans associated with some marquee buyouts including Elliott Management’s takeover of technology business Citrix, Elon Musk’s purchase of social media company Twitter and Apollo’s acquisition...
...They’re favouring doing more with a smaller set of managers, rather than spreading business across a lot of managers....
...I also looked for red (or green) flags in debt ratios and historical growth rates....
...He is co-chief investment officer of JPMorgan Asset Management and leads JPAM’s fixed-income business, with final responsibility for both operations and investment performance....
...That’s an ego blow many are willing to take, however, as banks’ struggles make private credit a more lucrative business by the day....
...Jay Newman, who led hedge fund Elliott Management’s 15-year battle in the same New York court to force the country to pay out on its defaulted debt, said “this claim is so large that, even if it wanted to...
...As we’ve written before, in the past decade private credit, including BDCs, has edged out banks to nab business from the high-yield bond and leveraged loan markets....
...As you can see from the fundraising bonanza, private credit has morphed from a cottage business mostly focused on distressed debt into a massive business over the past decade....
...Voyager intends to pursue recovery from 3AC and is in discussions with the Company’s advisors regarding the legal remedies available....
...Doing so makes economic as well as moral sense....
...As former Treasury General Counsel Edward Knight concluded in 1994: Given the purpose of the ESF as a means of maintaining order in exchange markets and its genesis as a tool for counteracting similar funds...
...Stocks with low valuations tend to have more cyclical business models, more debt and more vulnerable business models than high-valuation growth stocks....
...Private credit giants eye SVB’s leftovers Is it back to the future for Apollo Global Management?...
...How did the country manage to reduce its debt so dramatically and turn things around? What’s behind the recovery?...
...Ethan WuSo we’ve got employment strong, we’ve got manufacturing weak, and we’ve got credit conditions as this kind of big question mark about what happens next....
...The group’s venture portfolio spans stakes in crypto exchange Coinbase and trading platform eToro, as well as more eclectic names such as Beeple’s NFT company WENEW and marijuana payments business POSaBIT...
...What would be the government’s reasons for not doing it?...
...It was a filing made by an entity named FCM BBBY Holdings, LLC which listed its address as a nondescript Wyoming office building....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...David Bell: It will stagnate, probably doing as badly as other advanced countries (USA excepted)....
...These credit investments are now Apollo’s biggest and fastest growing business....
...And rising interest rates will increasingly feed into a growing debt repayment burden for many households used to the era of cheap credit....
...“By doing so, an investor 1) is well-positioned to take advantage of dislocation wherever it occurs 2) has the flexibility to tackle non-distressed situations in which a background in distressed credit can...
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