Hints and tips:
...Individual investors will provide 80 per cent of the capital for the new syndicate, with the rest coming from Fidelis entities....
...This month’s £242mn purchase of the Probitas syndicate will allow it to tap into what it said were the many brokers that prefer to place business via the Lloyd’s market....
...He explained that criminal syndicates can spread dirty cash across different accounts and companies to avoid detection....
...Probitas’s Lloyd’s underwriting syndicate has increased its annual premiums by a fifth every year since 2019, taking in £288mn in 2023....
...Benham briefly worked for a syndicate run by Tony Bloom before falling out with him, apparently, writes Duff, in a “dispute over the use of a proprietary betting model”....
...Presumably — as with Softbank’s IPO of Arm — the margin loan support was a condition for a senior syndicate role, but nevertheless it demonstrates a tangible commitment from the banks....
...The deal with Ping An, struck on Friday, gives Lloyd’s — an insurance marketplace where brokers come to find coverage for a variety of commercial risks from individual syndicates — the further option to...
...Based on long experience, the bank syndicate desks know they can allocate only a certain percentage of a hedge fund order....
...Admittedly, this was in a halcyon period for private capital, but it could maintain this if it can expand its AUM. DIF will be left to operate as independently as possible....
...A surprising twist lies in the absence of Morgan Stanley, a consistently top-tier player in tech floats, from the sprawling syndicate....
...North Korea’s infamous criminal syndicate Lazarus Group is responsible for almost $1bn of that total....
...Hiscox chair takes plunge on results day Lloyds syndicate insurer Hiscox is benefiting from a grisly but favourable commercial environment....
...Sona, a credit hedge fund led by John Aylward, has hired Barclays co-head of global leveraged finance syndicate Stephen Smith to lead capital markets....
...De Ruyter added that there were political ties to the looting of coal power plants by criminal syndicates and said he had reported this to officials....
...In other words, there were no good options for the syndicate banks, especially Jefferies....
...Tom Britton, co-founder of Syndicate Room, a provider of tax-efficient Enterprise Investment Scheme funds, said the current market was challenging for VCT fund managers who were themselves wrestling with...
...“They’re getting closer to the source of the syndicates.”...
...But civil society groups and even allies of the ANC castigated the move, reflecting a collapse of trust in Eskom over the looting and infiltration by criminal syndicates within malfunctioning coal power...
...De Ruyter had sought to turn round Eskom by taking on alleged criminal syndicates that have been draining the state utility through corrupt coal and other contracts....
...Ramaphosa was aware of the criminal syndicate threat to Eskom but “what the president is not aware of is knowledge of names of individuals alleged to be involved in corruption at Eskom”, the spokesperson...
...Criminal syndicates, he says, steal coal and infrastructure, including copper and aluminium cables, pylons and even bolts, to be melted down and resold....
...executive, claimed in a recent television interview that he told senior officials about the alleged involvement of at least one high-level politician in the plunder of Eskom power stations by criminal syndicates...
...The London Bridge channel “gives a perfect opportunity to our members and syndicates to reduce [their] cost of capital by a more efficient capital structure,” he added....
...When André de Ruyter became chief executive of Eskom, South Africa’s state power monopoly, someone warned him he was now boss of the country’s biggest crime syndicate....
...De Ruyter had also pursued investigations into alleged crime syndicates that he accused of sabotaging Eskom’s coal power stations and looting resources such as coal and spare parts, thereby worsening the...
International Edition