Hints and tips:
...Raghavan’s role in the deal — the largest-ever convertible bond deal at the time — earned him the nickname “convertible bond king”....
...Jefferies highlights a BlackRock client survey that indicates that a decent share of investors are still looking to increase their allocations to private capital funds (and only a minority looking to pare...
...New-Jersey based US investment manager Lord Abbett told me it had a “constructive view of coal”....
...Florida governor Ron DeSantis signed a sweeping anti-ESG bill that bans the state from issuing green or ESG bonds....
...Lord Abbett declined to comment....
...Calum Mackenzie, a partner at pensions adviser Aon, says he was in a meeting last Friday with a client when he started by explaining how higher bond market yields meant the fund was in a “much, much stronger...
...We’re clear on that being a north star,” says Heather Lord (HRTL), who heads strategy and innovation. Rebalancing required strengthening bond products that had underperformed in the financial crisis....
...Lord Abbett, a New Jersey-based asset manager, owns more than 10 per cent of SM Energy’s and Oasis Petroleum’s beaten down bonds in its short-duration income fund....
...Lord Abbett’s floating rate fund suffered a loss of 1.7 per cent in 2020, according to Morningstar data....
...Yet Mr Sieg is bullish about prospects for Lord Abbett, which has been one of the few active fund managers to hold up against the incursion of passive funds in recent years....
...Lord Abbett’s outflows were mainly driven by its Short Duration Income and Ultra Short Bond funds, which lost $9bn between them....
...Similar funds run by Fidelity and Lord Abbett have notched negative returns of 12.2 per cent and 11.5 per cent, respectively....
...While Lord Global may have confidently traded yeti-tracking for virus-tracking (they’re changing their name once again to 27 Health Inc, subject to US regulators), iAbra’s future is less than certain....
...Other fund managers have also seen large outflows. Assets in a Lord Abbett loan fund have fallen from just over $15.5bn in October 2018 to $9.6bn on Wednesday. Lord Abbett declined to comment....
...The fund rating agency also directly questioned the “robustness” of valuations of the Windhorst-linked bonds....
...John Morton, a portfolio manager at New Jersey-based fund Lord Abbett, highlighted Buenos Aires’ progress in eliminating its budget and current account deficits....
...This is how Lord Lee, the FT columnist who claims to be the UK’s first Isa millionaire, managed to hit the magic number in 2003....
...Pricing on the bond is due to close on Wednesday....
...The long stretch of outflows has dented the assets of some of the biggest loan fund managers including Oppenheimer Funds, Lord Abbett, Eaton Vance and Fidelity....
...Lord Abbett’s $12.6bn Class I shares of its floating rate fund have returned just 1.9 per cent and Eaton Vance’s $8.6bn I class shares of its floating rate fund have returned 2.1 per cent....
...They include the asset manager Lord Abbett, where triple B debt accounts for 73 per cent of its corporate bond fund....
...in Interserve feud profited from Carillion collapse (FT) Altria to tap European bond market to help fund Juul stake buy (Reuters) Due Diligence is written by Arash Massoudi and Javier Espinoza in London...
...• Lord Abbett has named Douglas Sieg as managing partner, the top role at the $160bn New Jersey asset manager....
...But Lord (Mervyn) Davies, a serial chairman and keen Aston Martin driver, clearly never had a chance....
...US Treasury bonds constitute 37 per cent of the US Aggregate, while agency mortgages and debentures comprise another 31 per cent....
International Edition