Hints and tips:
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Private equity firms have started to borrow against their funds to backstop overly indebted portfolio companies, a new financial engineering tactic meant to cope with higher interest rates and a slowdown...
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...The emergence of Risc-V has reopened the door for companies to compete in the CPU market....
...Working in borrowed office space, Black put together a new venture and set out to change the way that insurance companies, pension funds and foreign governments invest the trillions of dollars they control...
...Me: “I’m not sure I have insurance for this.” Blackwood begins to scale the cliff to my rescue. “At this point I can catch you,” he says, to reassure me....
...As part of the deal, Fairfax will invest $200mn in JAB’s consumer fund JCP V.The group, which also owns brands such as Pret A Manger, Krispy Kreme and Panera Bread, estimates that revenues and gross written...
...As always you can reach me at sid.v@ft.com....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...As ever, send your thoughts, queries and philosophical riddles to Imani (imani.moise@ft.com) or me (sid.v@ft.com). Happy reading!...
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...While the group filed for administration and bankruptcy earlier this year, the Swiss bank fears that it won’t be able to file crucial insurance claims on behalf of the funds if Greensill falls into liquidation...
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...A separate survey from State Street, the bank, found that half of 250 European pension funds, insurance companies, sovereign wealth funds, foundations and endowments polled do not anticipate a V-shaped recovery...
...Japanese insurer Tokio Marine has said the insurance policies at the heart of the Greensill Capital collapse may not have been valid, as investors pressed the company to detail its exposure to the lender...
...He adopted the typographic convention of describing recovery: “The first part . . . will look like a sharp V shape . . . but what does the last part look like?...
...He said he was “impressed with Kew’s leadership and focus on growing the firm — including its expansion into credit and insurance”....
...The FT Fund, as a balanced fund, has been running with a little more than half in shares and the rest in bonds....
...Buybacks cancellation vs. pension funds’ rebalancing. The list of companies suspending share buybacks is growing fast, as earnings recession looms and financial conditions are tightening....
...Portfolio insurance in its old form may be dead, but the growth of options hedging strategies and volatility-targeting funds have led to a similar feedback loops, where selling can beget more selling....
...The German government will on Monday agree a supplementary budget for just under 5 per cent of gross domestic product, and will set aside additional funds for equity stakes in companies and loans....
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