Hints and tips:
...Lenders including Bank of America and Barclays have been forced to hold on to loans made to fund large buyouts, including the Twitter deal and the takeover of Citrix, leaving them nursing big losses....
Move by S&P Dow Jones Indices highlights risks of swap-based contracts, especially in frontier markets
...Chase Coleman’s hedge fund Tiger Global ended the second quarter nursing heavy losses amid a tech stock rout that has caused performance across one of the world’s largest hedge funds to plummet....
Credit investor had profited on Hertz trade but is nursing a $400mn paper loss on latest car market wager
...Many investors may be nursing losses so large they are unwilling to withdraw their funds. “There is a category of investor that is trapped,” said Ben Johnson, head of client solutions at Morningstar....
...It was a filing made by an entity named FCM BBBY Holdings, LLC which listed its address as a nondescript Wyoming office building....
...This is a change: a year ago, none of the stocks in the index were nursing such big declines....
...Barrister Hugh Tomlinson QC, acting for Abramovich, said Belton’s book painted the Russian as the “willing tool” of the Putin regime....
...SolarWind shares changed hands at $18.52 on Wednesday, leaving the Canadian pension fund nursing a paper loss of about 15 per cent after less than 10 days....
...Since reporting its first Covid-19 cases in March, Genesis has been forced to limit family visitation and close some nursing homes to new residents....
...The defaults occurred within a portfolio of 157 “hospitality properties” and 357 nursing homes, assisted living centres and other healthcare-related properties, which accounted for nearly three-quarters...
...Colony Capital, the real estate investment group founded by Tom Barrack, said in May that its portfolio companies had defaulted on $3.2bn of debt secured by properties that include nursing homes and hotels...
...That has left banks holding shares in AMS worth more than $500m and nursing losses as shares in the company fell on Wednesday....
...In the Washington DC suburb of Bethesda is the headquarters of Midcap Financial, which takes money from Apollo clients and lends it to nursing homes, grocery stores and other midsized businesses....
...Long-term care insurance had been purchased by working-age adults in the 1980s and 1990s, to be used to help pay for nursing home care....
...The idea is to fill the void in small business lending left by the large Italian banks, which are nursing more than €170bn of bad loans, even if these fell sharply last year to their lowest level in three...
...This memo was “untrue, or seriously misleading”, Edward Brown QC for the SFO told the jury....
...(WSJ) Senior insecurity A nursing home chain owned by the Carlyle Group is facing accusations of senior neglect, including claims of overdoses, bedsores and broken bones....
...The buyout firm founded by billionaire Leon Black sold fewer shares than planned, leaving its funds nursing mark-to-market losses of nearly $1.5bn as the share price fell....
...The company is still heavily exposed to the troubled healthcare sector through its ownership of senior housing, skilled nursing facilities, hospitals and medical offices....
...A Credit Suisse product once valued at $2.2bn has fallen victim to Wall Street’s dramatic equities sell-off, leaving institutional investors and hedge funds nursing heavy losses while the Swiss bank said...
...The unprecedented concession by the Financial Conduct Authority — revealed by the Treasury Select Committee on Tuesday — will permit the committee’s lawyer Andrew Green QC to review the FCA’s version of...
...Related Links:Porsche LLC?...
...Matthew Parker QC, for the SFO, told the hearing that the agency was “broadly on course” to make a charging decision by March 2017....
...Mr Graham has called on the services of James Lewis QC, the barrister who is also representing the so-called Hound of Hounslow, trader Navinder Singh Sarao, in his extradition battle against the US....
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