Hints and tips:
...Firstly, approximately 30% of the Global and North American totals are made up of ‘dry powder’, i.e. undrawn capital commitments....
...And it was by tractor-bus that we travelled from the shore up to to our lodgings at the Clos Princess B&B for an extraordinarily peaceful rest....
...Dom du Clos Salomon, Premier Cru 2015 Montagny 13%£23-£25 Richard Kihl Ltd, Suffolk A superlative producer in an appellation that does not always deliver fireworks....
...“I never used to tell Walford — I just did it.” Richards’ generosity is legendary, both as a host and businessman....
...The stoppage of this CLO “assembly line” is also pushing private equity groups and their banks to consider using more private debt to get deals done....
...As I’ve just returned from Napa Valley, I can’t help comparing this run of wines with the 2011 Napa Valley Cabernets I tasted there recently....
...There is no secondary securitisation, so no collateralised debt or loan obligations (CDOs and CLOs). China’s residential market is clearly very soft, but I believe a housing crisis is very unlikely....
...I have cited the UK stockist(s) of which I am most aware, though check winesearcher.com for more stockists – particularly but not exclusively those outside the UK....
...I wondered to what extent Justerinis’ order books were benefiting from all the new money in London....
...Mr Levitt is a Vice Chairman at Apollo, which bought his CLO shop Stone Tower Capital in 2011....
...“The biggest worry I have is that there are not enough quality assets to feed CLO demand....
...Lovely current drinking – though I wouldn’t hold for much longer. Not trying to be Meursault; presented on its own terms....
...Related links: Europe’s CLO market in danger of extinction – FT...
...A: I wouldn’t know. I’m an accountant and I live in Wimbledon. B: But SAB’s increased its offer by no more than a brass razzoo....
...Personally, though, I don’t think we are on the edge of the abyss. I reckon we can muddle along with (slightly) higher interest rates and (not so slightly) higher inflation....
...I believe that the expected uplift in the ratings in underlying CLO tranches is a positive development for our market,” said Steve Baker, senior portfolio manager at CQS....
...“I’m seeing a lack of product coming through.”...
...The phrase “financial innovation” has become a dirty one in many circles, with shadow banks, sub-prime loans and the alphabet soup of CDOs, CLOs and ABS playing a starring role in fomenting the financial...
...But I don’t think I have ever had the chance to taste so many Grand Cru burgundies at the same time, even if Clos de Vougeot – or Clos Vougeot as it is often written – is too big to be consistently one of...
...The new CLO, incidentally, is called ICO Mediacion II AyT. It’s predecessor, the €14bn ICO Mediacion I AyT issued in 2007, was at the time one of Europe’s largest securitisations....
...Should drink well for another three or four years. £33.50 H2Vin Ltd Ulysse Colin, Extra Brut Blanc de Blancs NV Champagne Heady liqueur sort of nose – very arresting!...
...£14.95 Flint Wines Clos Floridène 2006 Graves Famed oenologist Denis Dubourdieu’s home property. Energetic and seductive....
...The London-based CLO manager and unit of Societe Generale said it used the interest proceeds from its Egret Funding CLO I Plc portfolio, which should have been paid to class M subordinate note holders, to...
...The 1945 from Huet’s Haut Lieu vineyard is still going very strong too. £26.79 Bibendum Wine Ltd, Raeburn Fine Wines Sadie Family, Palladius 2007/8 Swartland 17.5 Drink 2010-15 Both vintages of this are...
...Some of the one-liners are Clough’s own: “I wouldn’t say I’m the best manager, but I’m in the top one.”...
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