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...It is one of the largest funds ever raised to invest in junior credit, eclipsing an $11.7bn “mezzanine” fund Goldman Sachs Asset Management closed earlier this year, according to data provider Preqin....
...The non-bank lenders have been attracted by the high returns on offer, with many loans yielding 6 or 7 percentage points over the floating rate benchmark, or roughly 11 per cent or 12 per cent in total....
...The benchmark CSI 300 index finished 2023 down more than 11 per cent, with 90 per cent of foreign inflows to Chinese equities piling back out by the end of the year....
...Unhedged: But is the flipside that in a risk-on or reach-for-yield environment, clients start calling you to ask, why is my other credit fund manager posting, say, 9-11 per cent returns and you guys are...
...Argus provides more than 11,000 customers with news and price information on energy and commodity markets....
...In 2023, Gramercy’s flagship multi-strategy fund returned 16.7 per cent net of fees compared with 11 per cent for the JPMorgan EM Equal Weight Total Return index, which blended the bank’s three best known...
...The US securities regulator says Texas-based Agridime LLC and its owners — Josh Link and Jed Wood — have been running a $191mn Ponzi scheme selling “Cattle contracts” in 15 states....
...But artificial intelligence-powered features such as face-swapping photo edits would not be able to claim credit for this. Price matters more....
...Guggenheim currently manages nearly $300bn and is considered one of the savviest credit market investors in the world....
...BNP Paribas, Crédit Agricole, Citigroup and Santander are jointly acting as bookrunners for the offering....
...Apollo has instead sold the $500mn loan at par to the hedge fund Citadel’s Citadel Credit Master Fund, according to a person directly familiar with the matter and a court filing....
...Most of the company’s international entities, and a TV joint venture with broadcaster A&E, are not part of the Chapter 11 filing....
...Franklin shares, which are down more than 11 per cent this year, dropped 2.8 per cent on the news....
...GTCR, which took a minority equity investment from Blackstone two years ago, recently closed an $11.5bn fund that was double the size of its 2017 fund — a sign of investor confidence....
...Credit squeeze or funding crunch? Yesterday we argued that, despite much higher interest rates and a couple of bank failures, there are very few signs of a credit crunch out there....
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...Leave your credit card in your wallet, don’t go near an ATM, and come armed with US dollars in cash that you can change into pesos on the ground. Not just any dollars, crisp $100 dollar bills....
...The asset management subsidiary of French bank Crédit Agricole is keeping Europe in the race for passive scale — an unstoppable secular trend in fund management that has been propelled by US leviathans...
...Apollo has said the net asset value of Athene’s equity portfolio is up 11 per cent this year even as the S&P 500 fell more than 15 per cent....
...Rothschild, financier, 1931-2022 (FT) Tiger Global slashes value of private tech bets by billions (The Information) Tech investor Baillie Gifford warns of 2023 reckoning for private companies (FT) Meta cuts 11,000...
...By far the most important is The Worldwide Production Services LLC (WWPS), a Toronto-based film company that holds digital distribution rights to the ILBE-produced Puffins and Arctic Friends series....
...No other FTX customer had a similar “line of credit.” c....
...In 2021, there were 173 major relocations and expansions in Chicago with an estimated 11,000 jobs created, WBC said. In the first half of this year, there were 96 such “pro-Chicago” decisions....
...Shares in Polymetal rose 11 per cent on Thursday to 200p.....
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
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