Hints and tips:
...There is a single full-time trader on the hedge fund side, Courtney Dunlevie, previously of Commonstock and Morgan Stanley....
...By Wednesday, the bank had hired Morgan Stanley as it sought to raise up to £600mn to bolster its balance sheet....
...Further down the credit quality ladder, low-grade borrowers including Kinetic Holdings, automobile financing firm Credit Acceptance and residential mortgage company PennyMac Financial Services are among...
...They join from Morgan Stanley and Citi, respectively. Coatue Management managing director Aaron Weiner is leaving the group to start a new hedge fund, Bloomberg reports....
...Analysts at Morgan Stanley reckon cumulative deposit beta across large US banks will hit 47 per cent this year, up from 30 per cent at the end of last year....
...In fact, the safest corners of mortgage markets could end up with permanently lower valuations, Morgan Stanley analysts write in a note this week....
...Rmb3-4bn each month, says Morgan Stanley....
...CreditSights highlights that American Express could see an outsized impact on capital requirements, because of its reliance on fees for income: Among the bigger banks, Morgan Stanley is expected to see...
...Azimut Alternative Capital has hired Morgan Stanley’s Michael Shedosky and Brian Farrell to help the Italian asset manager expand its US business focused on buying stakes in private equity and other alternative...
...Stanley deals (Wall Street Journal) PE firm Arcline tops KKR’s offer for Circor as bidding war intensifies (Reuters) Morgan Stanley-backed Durango to explore $1bn sale (Bloomberg) KKR/Circor: congratulations...
...“Reflationary policy is ramping up at a pace unseen in recent years,” Morgan Stanley economist Robin Xing said in a research note, adding that the measures were the strongest response since 2018, when China...
...Chinese property completions in the first six months of the year are higher than the first half of 2019, says Morgan Stanley....
...Five international investment banks, including Morgan Stanley and JPMorgan, have lowered their China growth forecasts in recent weeks in response to signs of slowing economic momentum in China....
...This chart from Morgan Stanley shows that only about 15 per cent of global corporate debt matures before 2025 (if you have a neat chart or data set for the US only, send it along)....
...“After multiple mini crises, negative narratives . . . and investor apathy, the industry is turning,” wrote Morgan Stanley in a note about non-bank financial companies last month....
...But trading at a discount to book value and holding extra cash makes it hard to raise capital and grow....
...Jens Eisenschmidt, chief Europe economist at Morgan Stanley, predicted the central bank could start shrinking this pandemic emergency purchase programme in January next year and completely stop reinvestments...
...Beschloss’s fears about smaller corporate players buckling under pressure are echoed in a recent Morgan Stanley report, which focuses primarily on the solar sector....
...“Similar to peer Enviva, Drax has seen significant inflation with regards to new pellet plant capacity capital expenditures,” analysts at Morgan Stanley said in a report on Tuesday....
...“When discounts move out that’s an opportunity, especially if a trust has come out a long way versus its own history,” said Rob Morgan, an analyst at investment manager Charles Stanley....
...Bruna Skarica, Chief UK economist, Morgan Stanley: Our latest forecast is for headline inflation to average at 1.8 per cent in 4Q24 and at 2.2 per cent over 2024 as a whole, with the target reached in early...
...Now, higher rates mean they have to mark down the value of these holdings. That in turn will limit their ability to lend more money to consumers and return capital to shareholders....
...And a group of banks led by Morgan Stanley ended up lending $12.7bn to Elon Musk to fund his $44bn takeover of Twitter themselves, debt they plan to hold on their balance sheet for months or longer....
...Shares of Citigroup and Morgan Stanley suffered the biggest sell-off on Wednesday, while Bank of America shares fell to a more than two-year low....
...Like Morgan Stanley separating from JPMorgan, First Boston became the distinct Wall Street unit of the First National Bank of Boston....
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