Hints and tips:
...Polls show only a small portion of Americans support the idea of defunding the police, a flexible phrase that can mean redirecting funds to social services or outright elimination of the department....
...Proceedings can involve lengthy tangles with project opponents who are legally entitled to funds from energy developers....
...Part of the higher expenses includes preparing a partnership with Virtu Financial to trade exchange-traded funds....
...The Minnesota state pension, for example, has $650m committed to four KKR funds (including the one used to purchase Toys)....
...It employs more than 2,000 people with offices in New York, Dallas, Seattle, Denver and Rochester, New York, and is presently run by Art Steinmetz, a 32-year veteran....
...It employs more than 2,000 people with offices in New York, Dallas, Seattle, Denver and Rochester, New York....
...Ironically, Minnesota was an investor in the KKR fund that acquired Toys R Us and that fund had returned a juicy 16 per cent, annually....
...Meanwhile, Inflexion raised a combined £2.25bn ($3bn) in two separate funds from investors including the New York State Teachers Retirement System and the Illinois Municipal Retirement Fund....
...Bondholders include large international fund managers such as Franklin Templeton, Oppenheimer and Goldman Sachs Asset Management, as well as hedge funds including Aurelius Capital....
...such as Aurelius Capital and Baupost, and mutual funds such as Franklin Templeton and Oppenheimer over how much each competing class of bondholder should be paid....
...Municipal leaders are in a unique position to influence the health of their citizens, the King's Fund think-tank argued this week. Action is certainly needed....
...The process will allow the territory to slice its debt load and impose deep losses on mutual funds and hedge funds, including Franklin Templeton and Oppenheimer, that have invested in its bonds as the island...
...Hedge funds who own the bonds want to stop the government redirecting its funds away from credit repayment....
...The tax benefit was — for a time — a boon to municipal bond fund managers across the US who often struggled to find enough of a given state’s bonds to fill a portfolio....
...Ms Whitney’s hedge fund, Kenbelle Capital, launched in 2013 but failed to generate investment profits....
...“There were clear forced sellers, panic sellers, and fear on Monday,” says Justin Leverenz, manager of the $30bn Oppenheimer Developing Markets fund, arguing that created buying opportunities....
...Puerto Rico debt is a mainstay of muni bond portfolios given the island’s triple tax exemption, with over 60 per cent of US municipal mutual funds holding the securities, according to Morningstar....
...Funds managed by Franklin Funds and Oppenheimer, which hold Puerto Rico Power Authority bonds, have challenged the new law, saying it is unconstitutional and only the US Congress is allowed to change bankruptcy...
...The Oppenheimer Rochester Maryland Municipal fund, which has 29 per cent invested in Puerto Rico, is down 17 per cent over the same period....
...The industry has long expected that the $900bn in so-called prime funds, which invest in short-term corporate debt, would be affected, but the reform also catches $70bn in municipal debt funds, potentially...
...The state said Wednesday it had sent letters to UBS, Oppenheimer Funds and Fidelity, requesting information on how their municipal funds that contained Puerto Rican municipal debt were sold to Massachusetts...
...Massachusetts has sent letters to UBS, Oppenheimer Funds and Fidelity requesting information on how their municipal funds that contained Puerto Rican municipal debt were sold to the state’s residents....
...Long/short funds can make both positive and negative bets on securities....
...Hofstra University, New York Career 1991 Credit analyst at Moody’s Investors Service 1995 Municipal credit analyst and portfolio manager for the Colonial Group 1996 Credit analyst in the municipal fixed...
...US state and city governments are boosting sales of municipal bonds this week, trying to raise up to $6.6bn in funds amid higher borrowing costs in the aftermath of the largest municipal bankruptcy in US...
International Edition