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...Other investment outfits inside Brookfield’s credit group include European credit manager LCM Partners, a stake in music royalty group Primary Wave, and a technology-focused lender called Pinegrove, in which...
...Many banks, she reckons “are unable to uniquely identify and systematically aggregate or measure their combined credit and counterparty risk exposures to the private equity sector”....
...Instead, it is that the returns are uncorrelated with public markets, so they can contribute to better risk-return trade-offs in a diversified portfolio. Nothing about the EFW argument changes this....
...Another 50 cents is collected by the merchant acquirer, or companies such as Block or Stripe that provide the shop’s point-of-sale service system....
...In July 2021, the SEC fined UBS Financial Services, now owned by Credit Suisse, $8mn for holding short-term, volatility-linked ETPs for customers longer than designed....
...*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com....
...and small banks as merchants gained the ability to steer customers to preferred credit cards....
...“The company has a very diversified shareholding base of 1,200 . . . compared to the previous generation,” he said....
...By September 2023, Weightman began assembling a private credit team, said Corinthia....
...standardised investment packages that broker-dealers, wirehouses and registered investment advisers can use to invest client money — typically use between four and 20 underlying ETFs or mutual funds to create a diversified...
...He previously worked at UBS and Credit Suisse. Deutsche Bank has promoted William Mansfield to head of Emea mergers and acquisitions....
...On an earnings call last month, Schwarzman said the group’s increasingly diversified business had insulated it from recent market turmoil....
...Structurally, diversified corporate bonds tend to overcompensate owners for credit losses....
...Several of the bank’s businesses — including credit cards and corporate transaction services — did better than expected in a quarter that many thought would be marred by the upheaval of the restructuring...
...Full-service banks such as JPMorgan are built for scale — ie getting as many deals through the door as possible — so there’s only so much impact any one individual can make. That’s intentional....
...Brunswick, which reported revenues of £413mn in 2022, has diversified from its traditional public and media relations work into areas such as investor relations; regulation; environmental, social and governance...
...“As a concept, credit-backed gilt repo is really exactly the same as having credit-backed swaps,” said Simeon Willis, chief investment officer at consultancy XPS Pensions....
...DBRS’s report also contains this wonderful description of Sotheby’s Financial Services’ collection strategy if any deadbeat art collectors fall behind on their payments: SFS employs a strategy for collections...
...The author is vice-chair at Oliver Wyman and former global head of banks and diversified financials research at Morgan Stanley If this is a “golden moment” for private credit, how might it play out and...
...And there are few hotter fads in finance today than private credit. What artificial intelligence is to tech, private credit is to Wall Street....
...FTI, a diversified corporate consulting firm, has seen its stock price rocket seven times since 2006 when it closed the Compass acquisition and now has a market capitalisation of more than $7bn....
...Before the recent rise in interest rates, this mostly involved gawking at the erosion of lender protections in bond contracts and having fun with credit default swaps....
...ETF sponsors do not have to invest in the same level of back office customer service, so their costs can be lower than traditional mutual funds....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
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