Hints and tips:
...Job moves Goldman Sachs co-head of European investment banking Gonzalo Garcia has left the bank, according to a memo....
...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....
...Bridgewater Associates and Renaissance Technologies, both considered among the best hedge funds in the world, suffered steep losses....
...Associates from the time remember him as a fun boss who led a tight-knit group of employees....
...His title was associate, one of the lowest ranks in banking, but his colleagues gave him the unofficial status of “managing associate”, one former banker recalls, after noticing that he often provided answers...
...“What it’s showing is China is an attractive investment location in the same way it’s attractive for portfolio flows,” said Alicia García-Herrero, chief economist for Asia-Pacific at Natixis....
...He is also encouraged by a “V-shaped” recovery in Asia, its largest market, and less dire forecasts for UK consumers....
...Ethan Ilzetzki, associate professor at the LSE: The UK economy will begin its recovery in 2021 but will not return to its pre-pandemic level of GDP until 2022....
...Bankers’ early optimism that the pandemic would manifest as a sharp economic shock followed by an equally rapid recovery — the ubiquitous “V-shaped” recession — has given way to pessimism....
...More importantly, this is likely one of the few areas in the portfolio with any investment market liquidity currently....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...However, the England v France game was cancelled due to Typhoon Hagibis, the most powerful storm to hit the country in decades....
...Liikanen remains a probable alternative and would also be a good leader for the ECB for many of the same reasons as V. de Galhau....
...“Active managers seem to be mounting a counterattack, particularly in the US,” says Jose Garcia-Zarate, associate director of passive strategies research at Morningstar....
...A danger of releasing some of the pressure that has held down borrowing costs is that tighter monetary policy chokes off economic recovery....
...The brother traded on the information and also tipped off Salman, who with an associate earned roughly $1.7m in profits....
...The brother traded on the intelligence and tipped Salman, who with an associate reaped roughly $1.7m in profits....
...The US government has since taken control of more than $480m that he and his associates had placed in bank accounts in Jersey, France and the UK....
...As pension funds embraced the use of cheap index funds over the last decade, such advantages were pitched as a way for hedge funds to improve portfolios....
...Betting on a US recovery – as Mr Paulson’s aptly named Recovery Fund does – has been one of the most profitable trades around. And not just for Mr Paulson....
...Blackstone has amassed the largest portfolio in the sector with 28,000 homes, having spent $1.8bn on its Invitation Homes unit....
...Charlotte, North Carolina; Orlando and Tampa, Florida, and Detroit are among other metro areas attracting investors seeking to aggregate single-family rentals, said Jon Grabowski, president of Precise Associates...
..., making it difficult to participate in the recovery.”...
...● Neville McKay has moved from Towers Watson to Aon Hewitt Associates to join the retirement consulting team....
...Honda is also expected to introduce a redesigned CR-V late next year....
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