Hints and tips:
...In 2005, a Norfolk Southern train crashed into a parked train in South Carolina, releasing chlorine gas that killed nine and hospitalised more than 500....
...Growing, high investment grade states such as North Carolina, Texas, Utah and Virginia will do quite well, and their bond prices will reflect that....
...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....
...Most of the state and municipal government world, though, is incredibly dull and responsible. North Carolina. Utah. New Hampshire. Ever read about them?...
...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....
...In 2002 this business was sold to Babson Capital, a bond specialist, and Mr Finke persuaded his new boss to let him stay in Charlotte, North Carolina, with his team of 18....
...The other large new nuclear project in the US, to build two AP1000 reactors at the VC Summer plant in South Carolina, was abandoned last year....
...Look down at places such as Utah or Iowa, or even Virginia and North Carolina on your way to Palm Beach. This should be an obvious sort of trade even for the international investor....
...Carolina....
...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....
...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....
...Karen Mills, treasurer for the Town of Cary in North Carolina, said the sharp move was a concern but that 70bp was still a cheap rate to issue debt at....
...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....
...“It addresses the fact that we were just excluded completely,” said Karen Mills, finance director for the town of Cary in North Carolina....
...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....
...“This will increase borrowing costs, leading to increased taxes and rates for citizens and delayed or foregone capital projects,” said Durham, North Carolina Mayor William Bell in a letter to regulators,...
...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...
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