Hints and tips:
...It’s the same idea that led to Robert Oppenheimer’s development of the atomic bomb....
...That decision also created a “stone anchor” on SVB’s profitability, said Oppenheimer research analyst Christopher Kotowski, and it had left the bank vulnerable to changing interest rates....
...Letter in response to this report:Chinese investors’ faith in the state is misplaced / From Albion M Urdank, Emeritus Professor, University of California, Los Angeles, US...
...But I wonder if you can see something like what has happened to equity funds happening to fixed income funds, as technology becomes more sophisticated....
...Outside work, I fulfilled my contractual duty as a zeitgeist-conscious newspaper columnist to attend the movies Oppenheimer and Barbie. This was time-consuming....
...Dear reader, Millions of Americans cannot wait for this Friday when two very big motion pictures, Barbie and Oppenheimer, make their highly anticipated debuts on the big screen....
...They can pull their funds at will. The bank cannot realise its loans quickly....
...The Ontario Municipal Employees Retirement System, one of Canada’s largest pension funds, has named Michael Hill as global head of infrastructure....
...In October, researchers found gas stoves in California were leaking benzene, a pollutant that causes cancer. A study in January linked the stoves to increased risk of asthma....
...The business case for packaging recycling has been strengthened by the Californian and European laws, says Martin Mulvihill, a general partner with Safer Made, a California investment fund specialising in...
...said Oppenheimer analyst Chris Kotowski, referring to the eurozone debt crisis 12 years ago which shook confidence in the banking system....
...He said the US Open at the club was part of a broader effort to bring attention and millions in fundraising to municipal and public golf in Southern California....
...SVB’s problems can be summed up with a chart: SVB caters to California’s tech industries, and has grown fast alongside those industries for years....
...Within three days, the Federal Deposit Insurance Corporation and state regulators in California and New York took control of Silicon Valley Bank and Signature Bank and guaranteed all their deposits, beyond...
...First Republic’s $28bn portfolio of held-to-maturity securities was 62-per-cent invested in municipal bonds at the end of last year, according to its latest 10-K....
...Estimates by CNAS suggest that between 2015 and 2019 at least 35 new funds were established with about $68.5bn earmarked to be distributed to firms involved with military-civil fusion projects....
...a birthday with Oppenheimer....
...While Bigley did not cite any specific cases, the municipal bonds of the University of Southern California may provide an example of a pricing anomaly....
...Municipal debt has long been a haven asset class, popular with long-term investors including pension funds and insurance companies....
...Some $49bn has been pumped into municipal bond funds this year, according to fund flows tracked by Refinitiv’s Lipper, with an outsize proportion directed to lower-quality debt....
...“This wasn’t as if PIF” — the Saudi sovereign wealth fund — “was investing in the business,” he says....
...California’s state pension manager, Calpers, has refused to agree in municipal bankruptcies to any cuts in pensions that its funds manage....
...About 1,400 municipal-owned utilities are members of her association....
...For example, the California Public Employees’ Retirement System (Calpers), the largest US public pension scheme, resolved two decades ago to divest from tobacco....
...This change will please smaller municipal and co-operative generating utilities that complained that they had been excluded from previous schemes....
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