Hints and tips:
...In terms of dislocation, this was as pronounced as it gets, where underwriters for any new transactions were essentially out of business.”...
Move by S&P Dow Jones Indices highlights risks of swap-based contracts, especially in frontier markets
...Chase Coleman’s hedge fund Tiger Global ended the second quarter nursing heavy losses amid a tech stock rout that has caused performance across one of the world’s largest hedge funds to plummet....
...They said options include committing more capital in the form of debt or equity but that the company has little ability to pay more interest or issue new shares at its current valuation....
...“They saw a bounce, and it was a better opportunity to get out than it was last year,” said Todd Rosenbluth, head of research at VettaFi, a New York-based consultancy....
...Freeman said he hailed from an affluent New Jersey suburb and had created the Wyoming LLC for his Bed Bath shares to avoid his home address being listed....
...This is a change: a year ago, none of the stocks in the index were nursing such big declines....
...SolarWind shares changed hands at $18.52 on Wednesday, leaving the Canadian pension fund nursing a paper loss of about 15 per cent after less than 10 days....
...Since reporting its first Covid-19 cases in March, Genesis has been forced to limit family visitation and close some nursing homes to new residents....
...The defaults occurred within a portfolio of 157 “hospitality properties” and 357 nursing homes, assisted living centres and other healthcare-related properties, which accounted for nearly three-quarters...
...Job moves Freshfields will open a new office in Silicon Valley with seven founding partners. Full details here....
...That has left banks holding shares in AMS worth more than $500m and nursing losses as shares in the company fell on Wednesday....
...In the Washington DC suburb of Bethesda is the headquarters of Midcap Financial, which takes money from Apollo clients and lends it to nursing homes, grocery stores and other midsized businesses....
...The business was in “run-off” mode as new policies had not been written since 2006....
...Two-thirds of the new vehicle’s investors were from outside Italy....
...(WSJ) Senior insecurity A nursing home chain owned by the Carlyle Group is facing accusations of senior neglect, including claims of overdoses, bedsores and broken bones....
...The buyout firm founded by billionaire Leon Black sold fewer shares than planned, leaving its funds nursing mark-to-market losses of nearly $1.5bn as the share price fell....
...The new $3.1bn company owns properties across the healthcare, industrial and hospitality sectors....
...Related Links:Porsche LLC?...
...A Credit Suisse product once valued at $2.2bn has fallen victim to Wall Street’s dramatic equities sell-off, leaving institutional investors and hedge funds nursing heavy losses while the Swiss bank said...
...and chairman of Research Affiliates, the US company that developed some of the world’s first smart-beta indices, said the underlying ideas behind many of these are “nonsense” and would leave investors nursing...
...The market’s expectation before the referendum was for the UK to remain in the EU, so many hedge funds that bet on the country staying in are nursing losses....
...He believes the soaring popularity of some smart-beta strategies will lead to a severe fall in investment performance in the next few years, leaving some investors nursing large losses....
...Smart beta, one of the most popular investment strategies of the past 12 months, could go “horribly wrong” and leave investors nursing large-scale losses, according to one of the pioneers of the concept....
...The move — which followed news over the weekend of a sharp drop in Chinese exports last month — sent shockwaves through the markets, with commodities and equities falling sharply and “core” government bonds...
International Edition