Hints and tips:
...Gramercy loaded up on developer debt in 2022 and sold out at a significant profit early last year....
...“These claims are real but [the law firm] was financially depleted,” said James Taylor, who heads special situations at Gramercy. “This gives them the financial power to finish the job....
...Vista has also adopted several tactics to accelerate the pace at which it returns money to investors....
...Ebitda margins remain at historically high levels....
...Gramercy is steering clear of Russian assets and it has already sold off the Ukrainian debt it scooped up right after the invasion at a steep discount....
...At just $16bn at the end of last year, the size of corporate debt inventories for primary dealers is just over 10 per cent of what it was in 2010, according to data compiled by Gramercy....
...There was no consensus among the researchers,” said Marcel Salathé, a scientist at École polytechnique fédérale de Lausanne who was part of the PEPP-PT group and helped write DP3T....
...At the time Argentina had just defaulted on its debts again, for the eighth time in the country’s 200-year history, as a result of its legal battle with a group of US hedge funds that sued after Buenos Aires...
...“Any time someone doesn’t want to take your money, it is a red flag,” said James Taylor, chief legal officer at Gramercy. “This suggests that there may be a conflict of interest.”...
...Capital Economics senior Japan economist Marcel Thieliant said that while consumer spending data “send conflicting messages for Q3 GDP growth, the solid rise in industrial production in August strongly suggests...
...But even that is something that is unlikely to cause spare capacity to shrink quickly and give inflation a shot in the arm, according to Marcel Thieliant at Capital Economics....
...John Rogers, analyst at Moody’s, says it is a difficult goal....
...The industrial output and household spending data suggest Japan’s economy continued to expand at a “solid pace” in the June quarter, according to Marcel Thieliant at Capital Economics....
...Thieliant at Capital Economics....
...Gramercy declined to comment....
...“Recent yen strength is dampening activity, said Marcel Thieliant at Capital Economics....
...Gramercy’s campaign comes at a sensitive time for Peru. The country is wrestling with a slowdown in its commodity-driven economy and deadly riots in areas opposed to large mining projects....
...Gramercy estimates that the government’s offered payout will at most amount to $24m. Mr Pretel reckons he is owed $5m, but says the Peruvian state now wants to pay him less than 30 cents....
...His oldest son Julio Mario Jr died in 2009 at the age of 51. DD...
...Founded in 2004 by billionaire Jorge Paulo Lemann, Marcel Telles and Carlos Sicupira, the Brazilian private equity firm has become known for its ruthless operating strategy....
...The falling price of oil and natural gas has helped keep a lid on import prices but this benefit is likely to wane, according to Marcel Thieliant, Japan economist at Capital Economics....
...” … Look abroad: Local groups expand beyond the region When Marcel Sedlák arrived in London three years ago looking for potential projects for HB Reavis, the Slovakian property developer, the agents and...
...At least not among bondholders....
...He was motivated to launch Gramercy after a spell spent working on emerging market sovereign debt restructurings at Merrill Lynch and Lehman Brothers because he wanted to create a company that was independent...
...“The absolute yields on emerging markets debt are pretty scary,” Charles Cortellesi, co-head of the Emerging Markets Group at Cantor Fitzgerald & Co told beyondbrics....
International Edition