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...Castlelake would sit in Brookfield’s recently formed credit unit, which also houses a controlling interest in Oaktree Capital Management....
...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...Additional reporting by Owen Walker and Ian Smith in London...
...The management of Altice’s heavily indebted French telecoms business badly burned bondholders last month, when they carefully explained on a results call that, because modern-day debt covenants have more...
...business Corinthia Global Management....
...Bespoke rules make contracts “very, very difficult to port from one provider to another”, said Nikesh Patel, chief investment officer at Van Lanschot Kempen Investment Management....
...Here’s more on the proposal that has spooked the asset management industry....
...The wealth management business was again the powerhouse. 4....
...Berkshire also has an $18bn credit line with National Indemnity, allowing it to borrow billions of dollars should Buffett need to move quickly to tap capital....
...Such firms, it said, were “more vulnerable” to a credit downturn, due to their higher proportion of illiquid assets, a situation that could be “aggravated” by the embedded leverage in structured credit....
...BlackRock Riyadh Investment Management will be a wholly owned subsidiary of the $10.5tn US asset manager....
...During the period Scope Group entities provided other advisory services to Greensill as well as credit ratings, such as “industry risk reports” Esma said, and it failed to flag these services when rating...
...“The entire equity fund management sector saw large outflows in 2023 and it is impossible for us to avoid that trend,” Smith, founder and chief executive of Fundsmith said in an emailed response....
...Private credit could be the Ozempic to help banks on yet another diet....
...funds’ credit exposure....
...Today, newer and more nimble products that promise tax advantages, lower fees and rapid trading are reshaping asset management. Could this be the end for the mutual fund? We’re also reading . . ....
...Job moves Credit Suisse’s final chief executive Ulrich Körner is set to leave UBS in the coming weeks....
...One broker, Edward Smith, said to Zurich in 2018 that Liberty customers named under its receivables programme “appear to be reasonable credits”....
...team of private credit experts for his nascent investment business Corinthia Global Management....
...Bond yields have “come down enough from their peak that we see demand [from companies and households] for credit going forward”....
...Billionaire Michael Dell’s investment vehicle has agreed to back two former senior Goldman Sachs executives who are launching a private credit investment firm....
...CACEIS, meanwhile, is a custody and asset servicing business jointly owned by European banks Crédit Agricole and Santander and was the longtime custodian of H2O’s funds....
...Options include growing capital-light businesses such as defined contribution pension savings and wealth management....
...Rating agency Moody’s Investors Service has cut China’s sovereign credit rating outlook to negative from stable, citing the growing risks of persistently lower mid-term economic growth and the overhang from...
...Others, such as Goldman Sachs and Morgan Stanley, have relied on their wealth and asset management arms....
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