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...The new owner was originally cloaked by his limited liability company, but Son was revealed to be the buyer a few months after the purchase by the Los Angeles Times....
...’ closed mortgage books, with a balance sheet of almost £116bn....
...are full of financially-savvy employees (and banks and bond funds have hordes of them)....
...Armstrong here, back after a week in California....
...Apollo has recent history in taking a run at publicly traded UK companies, although it has had limited success in getting deals done....
...Most of Trump’s buildings are held by limited liability companies, which were also found liable in the fraud case....
...One thing to start: The head of Lazard in Sweden has been charged with aggravated bribery linked to a takeover of a Swiss company by engineering group Atlas Copco....
...The new owner’s identity was initially cloaked by his limited liability company. The Los Angeles Times revealed a few months after the purchase that Son was the buyer....
...Technology funds should also be considered and we would recommend Scottish Mortgage Trust and Polar Capital Technology Trust....
...Bluebell Capital, a small London-based fund, earlier this month disclosed a stake in Kering....
...She opens Fernberger gallery with a show of new pastels and paintings by the California-born Nicole Wittenberg ($10,000-$82,000)....
...Apollo’s private equity business said it found bargains, taking private chemicals company, Univar for $8bn and Arconic, the metal products company for $5bn....
...Since SVB’s collapse and the bankruptcy of its holding company, rival firms have been seeking to recruit the California institution’s top employees....
...The ambitions of this inexperienced carmaker, from a country with a limited manufacturing history and relatively small consumer market, underlines how the rapid global shift to electric vehicles is spurring...
...He emphasised that Apollo seeks to match its assets and liabilities from a duration point of view, unlike most banks, which borrow short and lend long....
...Rick Stollmeyer built a software company from his California garage and realised a dream when he took it public in 2015 at a valuation approaching $1bn....
...By 1974, he was offered a “front office” job trading the bonds of US utility companies and, in 1979, he began leading Salomon’s mortgage-trading desk....
...blow-up in liability-driven investing strategies....
...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....
...professor of Chinese political economy at the University of California San Diego....
...Rising interest rates have also pushed down the value of other long-dated assets, such as mortgage loans....
...(Another was the liability-driven investing strategies that blew up in UK pension funds last autumn.)...
...Such “hung deals” have limited banks’ capacity to make new loans....
...Grail will soon face competition in the US from Datar Cancer Genetics, which inked a $250mn deal last year with US-based diagnostic laboratory company Artemis DNA to fund the rollout of its own MCED test...
...Now, for lenders working on their pricing, and it’s not quite as exact as this, but they take swap rates as a good basis of how they price their funds and their products....
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