Hints and tips:
...up the trust’s holdings were in danger of being unable to make payments....
...They include Baillie Gifford’s flagship Scottish Mortgage Investment Trust, Bill Ackman’s £7.4bn Pershing Square Holdings, and the £2.5bn RIT Capital Partners trust....
...Landlord investors, hit in recent years by regulatory and tax changes including the loss of relief on mortgage interest, are now confronting steep rises in interest rates on mortgages....
...Trading in the nine new ETFs and Grayscale Investments’ converted $28bn bitcoin trust exceeded $4bn across the New York Stock Exchange, Nasdaq and Cboe exchanges, a day after they received approvals from...
...Wellcome Trust warns of private equity ‘shakeout’ Nick Moakes, chief investment officer of the £38bn Wellcome Trust, reckons that the private equity industry is facing a “shakeout” that could result in...
...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...
...Five unmissable stories this week Activist investor Elliott has built a 5 per cent position in Scottish Mortgage Investment Trust, whose early bets on tech groups such as Amazon turned it into one of the...
...GIC disposed of its holding of roughly $300mn at a discount, leaving the Singaporean fund with a loss on its investment, the people said....
...Technology funds should also be considered and we would recommend Scottish Mortgage Trust and Polar Capital Technology Trust....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
...How much, to the nearest $10bn, do Apple, Microsoft and Alphabet have in combined cash and investment holdings? Meta’s profitability got squished hard in 2022....
...I trust the MPC will make the right choices. Matthew Ryan: We do not see a return to the Bank of England's 2 per cent inflation target in a sustainable manner in 2024....
...New York-listed Blackstone Mortgage Trust provides loans to commercial real estate groups in North America, Europe and Australia and manages $22bn in assets....
...Assets run by Baillie Gifford’s Scottish Mortgage Investment Trust, many of whose technology holdings have been hit by rising interest rates, have dropped from about £18bn in June 2021 to £12bn as at October...
...Then you’ve got sort of investment trusts, let’s say Scottish mortgage trusts. Well, that screams UK-based, pre-independence in Scotland, but that’s also heavily invested in US equity....
...Selling such private holdings is difficult, and would risk setting price benchmarks that further depress valuations and hit the trust’s asset-to-debt ratio....
...Hedge funds have closed bets against Baillie Gifford’s Scottish Mortgage Investment Trust after a large fall in its share price, despite concerns over board governance and exposure to risky private companies...
...(I’m referring to company-funded DB pension schemes; a “defined contribution pension” isn’t a pension, as the dictionary defines it: it’s an at-your-own-risk investment product with tax relief.)...
...August 14, 2023: Prime Trust, LLC and certain of its affiliates filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware...
...And I feel a little bit like people aren’t going to say, my mortgage rate’s come down, I suddenly love Rishi Sunak....
...That must be changing the outlook for the profession and I’m not sure the government is fully seized by the urgency of this crisis,” he said....
...They were the largest fines against an investment firm in the AMF’s history. Shockingly, the regulator was also pushing to ban Crastes from investment management for a decade. “I’m an honest man....
...At this higher cost of funds, how do I make my next loan? Mortgage issuance is going to be down when you double rates. Same thing with auto lending....
...Who doesn’t have a shame-list of investments they have declined? Apple shares when Steve Jobs rejoined in 1997. Bitcoin a decade ago at 10 bucks....
...The bifurcation in the market is visible in commercial mortgage-backed securities, where triple-B (low investment grade) spreads have rocketed back near Covid highs, even as triple-A spreads remain tight...
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