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....
...A number of physical ETFs, such as the iShares Frontier and Select EM ETF (FM) and VanEck Africa Index ETF (AFK), happily hold fully valued Nigerian stocks in their portfolios....
...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....
...raising capital and dividing creditors....
...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....
...Further growth is expected and sales could reach $400mn. Cannabis and alcohol treatments are also in the pipeline....
...Freeman said he hailed from an affluent New Jersey suburb and had created the Wyoming LLC for his Bed Bath shares to avoid his home address being listed....
...This is a change: a year ago, none of the stocks in the index were nursing such big declines....
...to Wyoming, other than maybe setting up an LLC....
...After a year in which Covid-19 has cruelly exposed the frailties of Britain’s social care system, what’s striking is how little investors’ interest in the business of nursing and curing has dimmed....
...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....
...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...
...She said it was “unbelievable” that nine out of 10 people relapse after rehab. “As a scientist, it’s shocking, I have a hard time wrapping my mind around why this keeps happening.”...
...(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....
...By operating faster and starting rehab straight away, Espoo managed to cut their hospital time by a third and reduce the death rate by 6-7 per cent....
...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 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...
...Related Links:Porsche LLC?...
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