Hints and tips:
...The situation comes as analysts at Loomis Sayles have sounded the alarm about a potential “doom loop” in US commercial real estate, where defaults cause banks to restrict lending and as a result prompt more...
...There are also a ton of other well-known Natixis-owned affiliates, like Loomis Sayles, Harris Associates and AlphaSimplex....
...Email us your theories: robert.armstrong@ft.com and ethan.wu@ft.com....
...We end by discussing the US’s summer of protests....
...“It’s not been the most fun week to be a high yield manager,” said Tom Stolberg, portfolio manager at Loomis Sayles, the Boston-based fund group....
...“Because this is such an under-reported crime, it’s going to take us years to fully capture,” Ms Tchen said....
...• Ashish Chugh has joined Loomis Sayles to run two new emerging market equity strategies for the $267bn US asset manager....
...become widely used by the US navy during the second world war....
...“It is the resurgence in the commodity, that’s the bottom line,” said Tom Stolberg, a portfolio manager with Loomis Sayles. “The commodity trending better has brought out a slew of new issuance....
...“Optimism over synchronised global growth and supportive macro conditions led to outsized gains in equity markets to start the year,” says Craig Burelle, macro strategies research analyst at Loomis Sayles...
...“The banks are as well capitalised today as they have been in a decade,” says Brian Kennedy, a portfolio manager at Loomis Sayles. “They are in a good spot.”...
...Tom Stolberg, a portfolio manager with Loomis Sayles, added that Tesla as a first-time issuer was “in the ‘trust me’ category” and that the deal was “based on a very aggressive growth plan”....
...Tom Stolberg, a portfolio manager with Loomis Sayles, said the market was “very worried about . . . residual values” for the car rental groups, particularly those with greater debt burdens, such as Hertz...
...In New York, thieves stole $7m from Brinks Armored Car Depot, making it one of the largest robberies in US history....
...Natixis Global Asset Management, the conglomerate that includes Loomis Sayles, and Wells Fargo, the US bank, were the second- and third-worst selling investment managers, registering $19bn and $18bn of outflows...
...The US corporate bond complex has been rattled....
...“There have been funds closing and people in the credit space [are] having a difficult time,” Tom Stolberg, a portfolio manager with Loomis Sayles, said....
...Less than a year earlier, the US carmaker had completed a 10-year note sale with a yield 187.5bp above the US Treasury....
...In the US, Jamison Gagnier has moved from Loomis Sayles to the role of director of US institutional sales. Rafael Tovar joins as director of US wholesale offshore sales from Nikko Asset Management....
...manager with Loomis Sayles....
...After years of investor enthusiasm, US high-yield debt is once again living up to its name....
...(FT) Isis Inc: tax and spend The jihadi group may have ambitions of statehood but the budget for the self-proclaimed caliphate shows that its priorities are still those of a militant organisation....
...And the odds are it is going to be a good trader,” says Dan Fuss, vice-chairman of Loomis Sayles. “If you take on a smaller one and things start to change, you are stuck.”...
...Loomis Sayles has promoted Kevin Charleston to chief executive from his previous role as president of the $240bn Boston-based fixed income manager....
...Its near $8tn stock market is the world’s second largest after the US and its $5.5tn domestic bond market ranks third in the world after those of the US and Japan....
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