Hints and tips:
...The latest release, the Gainsborough (£18mn, through Nest Seekers), has been styled by interior designer Katharine Pooley – who knows well how to coordinate modern luxe – with period stained glass, domed...
...As well as its first tour with more generous funding, the company has a new general director in Robin Norton-Hale....
...“There’s been some talk about a Lehman Brothers moment [which marked the 2008 crisis] and we don’t really see that happening,” says Alexis Duvernay, a London-based investment specialist at M&G Investments...
...Randeep Somel, portfolio manager at M&G, warned that market moves were often sharper in the days before Christmas than they usually would be, because of thin trading volumes....
...Thomas Hale...
...Katharine Graham, the celebrated publisher of The Washington Post and doyenne of DC salons, brings the glamour and charm....
...“Funds labelled as ESG could disappoint investors, not because of investment returns but because they fall short on demonstrating their social and environmental impacts,” said Jon Hale, global head of sustainability...
...This would include a certain allowance for sovereign debt, which would be exempt of the capital, requirements irrespective of the rating (e.g. up to a concentration of 33% of the Tier 1 capital of the individual...
...Alphaville spoke to Nigel Wilson, L&G's chief executive, this morning, who pointed to the conditions in markets....
...“You’re going to see a lot more of this in the next few years,” said Nigel Wilson, chief executive of L&G....
...Last year, by contrast, it obtained $1bn in financing from Deutsche Bank, Goldman Sachs, M&G, Sumitomo Mitsui Banking Corporation and HSBC....
...As M&G explains here, “leveraged loans typically arise in conjunction with a private equity-sponsored ‘Leveraged Buy-Out’”....
...M&G, the investment manager, is investing in a student accommodation development in London....
...holding these issuers is linked to the theme of financial inclusion as these mortgage securitisations include approvals for disenfranchised groups who would not otherwise have access to home finance, e.g....
...two-thirds of Americans say this year’s record-setting Wall Street rally has had little or no impact on their personal finances, according to new poll commissioned by the Financial Times and the Peter G...
...The servicing costs of the M&G debt are unknown (to this reporter)....
...“Galleries are recognising race and gender now; I suppose craft comes into that, too,” says Paul Hedge, the London-based owner of Hales Gallery....
...assume it’ll be a very hard Brexit and a recession for the UK, just for argument’s sake, then you wonder what needs to happen before you lose money on a UK RMBS,” says Patrick Janssen, an investor at M&G....
...“You have a lot of Asia investors looking outside of Asia because in particular in China valuation is quite tight,” says Charles de Quinsonas, an investor at M&G....
...“Without deduction, holdings of TLAC could mean that the failure of one G-SIB leads to a reduction in the loss absorbency and recapitalisation capacity of another bank.”...
...“Without deduction, holdings of TLAC could mean that the failure of one G-SIB [globally systemically important bank] leads to a reduction in the loss absorbency and recapitalisation capacity of another bank...
...Reporting by Eric Platt, Joe Rennison, Roger Blitz, Thomas Hale, Michael Hunter and Elaine Moore...
...Lena Komileva of G+ Economics said investors were confused about the prospect of further ECB action over the next six months to sustain monetary easing....
...“The type of clients we’re facing now are different — there are more pensions funds,” said Patrick Janssen, a portfolio manager at M&G Investments....
...Additional reporting by Thomas Hale...
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