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Showing results for PUERTO RICO AAA PORTFOLIO BOND FUND II, INC.
...That could be a nod to recent events in Puerto Rico, where customers were caught out after using loans secured against portfolios of government bonds to buy more government bonds....
...My long-form recommendation was the New York Times’s analysis of mortality in Puerto Rico to estimate the death toll from Hurricane Maria....
...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....
...to live in Puerto Rico,” Mr Paulson said....
...Moeldoko: China’s dismaying new claims in the South China Sea (WSJ) John Paulson Calls Puerto Rico Singapore of Caribbean (Bloomberg) Sugar: Drastic measures (Financial Times) The Co-op, the bananas and...
...Mr Winterstein said he had “eliminated” Puerto Rico debt from his portfolios and expected the bonds to underperform in the short term....
...Puerto Rico is one issuer that could cause widespread distress....
...• Large declines in US and global equity markets in August coupled with bond outperformance could see large monthly asset rebalancing by US pension funds- rotating OUT of bonds and INTO stocks....
...And another: The managers of the AAA/V4 rated Invesco Perpetual Corporate Bond Fund, Paul Causer and Paul Read, were too early in buying into financials, tripling the exposure from 10% in mid-2007 to 30%...
...Its assets remain all AAA rated and any value decline it has experienced has not been enough to force a sell-off such as that taking place at its peers Mainsail II, run by Solent Capital, another London...
...It emerged Thursday evening that one of the first such vehicles to hit the buffers, Mainsail II, run by London-based Solent Capital, could be close to a deal....
...Cheyne Finance, a vehicle managed by hedge fund Cheyne Capital, was forced to begin selling its $6.6bn portfolio after a downgrade by Standard & Poor’s, the ratings agency....
...David Drane, Dorset Tim Price: The gloom in relation to US Inc is probably overdone....
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