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...One said she was called by an Odey Asset Management lawyer but did not trust her claims of confidentiality. “I just lied because I knew it was going to go straight back to Crispin,” she said....
...Cintra for $1.8bn in 2004....
...When others were losing their heads, he loaded up on risky assets. The formula worked. By 2007, his team oversaw tens of billions of dollars....
...Despite the collapse of the crypto exchange FTX, he rues that “trust is back and crypto will have a future place as an asset class”....
...Many banks have $20 in assets for every $1 of equity, so if the assets fall in value by just 5 per cent, the equity is wiped out. This is insanely risky, and other businesses are not like this....
...The firm currently manages $14bn of assets....
...For funds with a deficit of assets against liabilities, investing in riskier assets held out the hope of closing the funding gap....
...In the easier days of 2007, a short term T-bill might be re-used as much as three times. By 2016, the re-use rate (a sort of inverse measure of trust) had dropped to 1.8 times....
...“Remember that problem of the rating agencies in 2007?”...
...The location of $1.3mn was identified but the holder was anonymous. So the law firm created a digital token that contained the court motion to freeze assets which, when clicked, would signal receipt....
...In the event, it hit 11.1 per cent and Citigroup economists now expect it to peak in January at 18.6 per cent....
...Meanwhile, SoftBank-backed ecommerce group THG, which was the UK’s largest IPO since 2015 when it raised £1.9bn in its 2020 flotation, has lost around three-quarters of its value since then as it faces mounting...
...World Bank Stolen Asset Recovery Initiative report, which featured kleptocrats such as Indonesia’s Suharto and Zaire’s Mobutu Sese Seko....
...But Millennials is a hybrid: a physical collection backed by crypto security....
...The chair of Hambleden, Ali Sarikhani, set up Vistra Trust, an administration business that now has $370bn in assets under administration....
...March 2010 The Fed brings its first round of QE asset purchases to an end, having bought $300bn of long-term Treasuries and $1.25tn of mortgage-back securities....
...Stablecoins — special digital assets that link cryptocurrencies with central bank-backed money — have a market capitalisation of nearly $115bn, according to cryptocurrency data website CoinMarketCap....
...The planes, parts and engines were packaged together in a so-called enhanced equipment trust certificate....
...Yet in a subsequent declaration to the court he listed assets of more than $63m held in bank accounts and trusts outside the kingdom, as well as a portfolio of real estate in Canada, Malta, Morocco, Saudi...
...In February Invesco cut the fee on its gold-backed exchange-traded certificate to 0.19 per cent from 0.24 per cent of an investor’s holding....
...By 2007 if you were breathing you could get a loan.”...
...Fewer than two in 1,000 estates paid the federal estate tax even before Trump cut it in 2018. Trusts and other tax havens abound....
...Thus a 1 per cent tax would be worth 2.5 per cent of GDP and so could back substantial spending (ie positive flow now backed by assets to be realised later)....
...(FT) Fed taps BlackRock The Federal Reserve on Tuesday tapped a division of BlackRock to manage billions of dollars in bond and mortgage-backed security purchases, mirroring the asset manager’s role during...
...Edited excerpts from the book proposals of the three finalists for the 2019 Bracken Bower Prize, backed by the Financial Times and McKinsey....
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