Hints and tips:
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half their portfolios to just 4 per cent over the past two decades, according to data from advisory firm Ondra...
...For now, Tristram Hunt remains confident that the V&A can raise the funds to keep the “Deposition” in Britain....
...Over the next 16 years, he spearheaded a string of deals, buying brokerage EF Hutton, investment bank Lehman Brothers, insurance firm Fireman’s Fund and other businesses that turned the charge-card company...
...Private equity firms have started to borrow against their funds to backstop overly indebted portfolio companies, a new financial engineering tactic meant to cope with higher interest rates and a slowdown...
...Private credit co-heads James Reynolds and Kevin Sterling have also been named global head of direct lending and global head of investment-grade private credit and asset finance, respectively....
...“Not a single one of the clients who are in these funds would pay these rates for any other type of insurance, certainly not term [life] insurance,” she points out....
...Holdings of UK-listed companies by British pension and insurance funds have plunged from about half of their portfolios to 4 per cent over the past two decades, according to data from Ondra....
...The emergence of Risc-V has reopened the door for companies to compete in the CPU market....
...Working in borrowed office space, Black put together a new venture and set out to change the way that insurance companies, pension funds and foreign governments invest the trillions of dollars they control...
...Me: “I’m not sure I have insurance for this.” Blackwood begins to scale the cliff to my rescue. “At this point I can catch you,” he says, to reassure me....
...As part of the deal, Fairfax will invest $200mn in JAB’s consumer fund JCP V.The group, which also owns brands such as Pret A Manger, Krispy Kreme and Panera Bread, estimates that revenues and gross written...
...As always you can reach me at sid.v@ft.com....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...The rule changes also need to rely on investors making use of them — be it pension funds buying riskier, or illiquid assets, or UK funds taking advantage of listing reforms to invest in companies that might...
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...So they have all of this cash from these companies. They got this influx of money. Those companies are highly interest-rate sensitive....
...Let us know what fintech predictions you have for the rest of the year at imani.moise@ft.com and sid.v@ft.com....
...As ever, send your thoughts, queries and philosophical riddles to Imani (imani.moise@ft.com) or me (sid.v@ft.com). Happy reading!...
...Meanwhile, Twitter is edging closer to accepting Elon Musk’s $43bn bid to buy the company....
...While the group filed for administration and bankruptcy earlier this year, the Swiss bank fears that it won’t be able to file crucial insurance claims on behalf of the funds if Greensill falls into liquidation...
...Darren Reynolds, the independent financial adviser who recommended that Richards transfer his pension, was this year disqualified from being a company director for 13 years after an Insolvency Service investigation...
...Almost all the world’s large pension funds, asset managers — and even some blank-cheque companies — have signed on to its voluntary requirements....
...While theatre owners and companies welcomed the extra money ploughed into the sector, the Budget announcement did not address the lack of Covid-related insurance for big productions....
...Capstone will fund the programme’s launch, with voluntary contributions from participating companies....
...A separate survey from State Street, the bank, found that half of 250 European pension funds, insurance companies, sovereign wealth funds, foundations and endowments polled do not anticipate a V-shaped recovery...
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