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...Poor data undermines trust and skews forecasting — as several central banks, including the Bank of England, discovered when it came to inflation....
...Equity swaps are financial instruments that allow investors to gain exposure to a stock. They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
...Last month Elliott disclosed a 5 per cent stake in Scottish Mortgage Investment Trust a week after the FTSE 100 trust announced a £1bn stock buyback to try and prop up its ailing share price....
...Since then, it has suffered from a sell-off in growth companies prompted by aggressive interest rate rises from central banks to fight inflation....
...The Perella Weinberg banker died by suicide days after police raided the bank’s offices and his home in London early last year....
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...Jefferies chief executive Rich Handler has sold $65mn of his stock in the Wall Street investment bank to buy a luxury yacht from longtime client Tilman Fertitta....
...It also impedes liquidity, which is so vital both for all stock markets, and for growth funds, the natural investors for tech stocks....
...Some of the biggest have come from the banks, such as Barclays’ £10bn capital return plan, but this week’s £1bn announcement from Scottish Mortgage shows investment trusts also hope to close the valuation...
...Companies....
...This unit generated one of the lowest ROTE’s among European banks last year. That lower ROTE may be due to less income productivity and lower leverage relative to peers, thinks Jason Napier at UBS....
...Investment trusts are a type of pooled investment which are listed on the stock exchange and have an independent board of directors to monitor performance and shareholder interests....
...The City of London Investment Trust, which invests primarily in London-listed companies, such as BAE Systems, Relx and Shell, saw a 55 per cent rise in purchases between December 2023 and January 2024, despite...
...Lan was accused of embezzling 304tn dong ($12bn) from Vietnam’s Saigon Joint Stock Commercial Bank (SCB) by illegally controlling the bank through proxies, using “ghost” companies to take out loans and giving...
...Investment trusts make up 27 per cent of the companies in the FTSE 350 index....
...The stock has risen more than 60 per cent over the past year but is still 90 per cent below the bank’s peak before the 2008 financial crisis....
...For instance, US national security adviser Jake Sullivan’s evocative picture of shielding a “narrow yard” of security-relevant technologies with “high fences” has expanded quickly into a much broader yard...
...The 24 companies in its portfolio are late-stage, established businesses such as SME digital bank Tide through to earlier-stage growth businesses like Onfido....
...But they add to the lack of trust in local stocks which are already down 15 per cent over the past 12 months....
...They have climbed since and are close to seven-year highs, echoing a European banking stock rally....
...Banks needed to invest in stimulating British business, he added, by providing financing for early-stage companies to help them grow and eventually list....
...Infanger said that banks and asset managers are “beyond the point of deploying pilots and innovation....
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