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...Insurers, meanwhile, defend the use of funded reinsurance as one of a number of risk management tools that provide security to their customers’ benefits....
...I don’t think what has happened [at Credit Suisse was] about [needing] more capital,” he added....
...People with knowledge of the decision said the sale had been planned by Credit Suisse’s management team before its rescue by UBS this year....
...Additional reporting by Robert Smith...
...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....
...Greensill Bank collapsed less than six months later and German prosecutors opened a criminal investigation into the bank’s management....
...“It’s like a reset of the risk cycle,” said Evan Brown, a portfolio manager and head of multi-asset strategy at UBS Asset 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....
...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 . . ....
...Data shows that credit card interest and fees increased by $51bn in that time to $157bn, with delinquencies on credit card loans running at their highest level in almost 13 years....
...funds’ credit exposure....
...Credit Suisse’s asset management arm told investors last month that a debt restructuring deal with GFG could not be implemented as expected after the steel group failed to make a payment on time, although...
...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...
...One broker, Edward Smith, said to Zurich in 2018 that Liberty customers named under its receivables programme “appear to be reasonable credits”....
...Billionaire Michael Dell’s investment vehicle has agreed to back two former senior Goldman Sachs executives who are launching a private credit investment firm....
...Indigo is one of several companies that have sprung up to help farmers make money selling soil carbon credits on the voluntary markets....
...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....
...The Credit Suisse veteran and former co-chief investment officer of Millennium Management has told potential clients he is now aiming to launch Jain Global in July with $5bn-$6bn of assets, according to...
...Options include growing capital-light businesses such as defined contribution pension savings and wealth management....
...While ADM’s management was “pretty optimistic about it”, he said, for investors “it’s always been a show-me story . . . if you can show consistent performance within the segment, then we’ll give you credit...
...“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....
...After regaining momentum, Crastes struck out on his own in 2010, with Crédit Agricole rival Natixis staking his new fund-management venture....
...And DS Smith isn’t alone....
...BofA’s Ryan said: “If it were not for the interest in the Credit Suisse integration and related costs at the full-year results, we would have been all over the US wealth management issues because profitability...
...For private credit, the figure is 45 per cent. However, even beneficiaries are starting to protest....
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