Hints and tips:
Related Special Reports
...Hedge fund credit quality as perceived by dealers deteriorates during weak market conditions, when the value of assets the banks hold as collateral vis-à-vis the funds falls....
...This gave them access to a vast amount of assets that could be steered into private credit and other higher-yield assets to match insurers’ long-term liabilities....
...The Hankey Group is not public but is a large issuer of asset-backed securities to fund its lending. It had $23.4bn in assets at the end of last year, up from $12bn at the end of 2019....
...He particularly likes the social infrastructure segment, which invests in assets such as schools, healthcare facilities and affordable housing, with its “all-weather” inflation-linked and government-backed...
...Paxos Trust Co.’s issuance of U.S. dollar-backed stablecoins has been under the supervision of the New York State Department of Financial Services (NYDFS) since 2018....
...FlexiPay, which includes a credit line, a payments system and a credit card, is showing real evidence of growth, though it still runs at a loss....
...“There have been fewer LBOs and therefore less new loan volume,” said Michael Patterson, a governing partner at asset manager HPS Investment Partners....
...The growth of private infrastructure groups bore similarities to previous structural changes in finance that gave rise to the private equity and credit markets that now manage assets of over $14.5tn....
...Carson Block’s hedge fund Muddy Waters has revealed a bet against the New York-listed Blackstone Mortgage Trust, a $22bn real estate investment trust managed by private equity giant Blackstone....
...(The New Yorker) Jane Coaston puts important questions to polling expert David Byler, among them: should voters and readers trust polling?...
...on buyout groups’ attempts to trust-build with prudential regulators....
...The fund’s assets under management totalled $9.5bn at the end of last year, up by a third from 2022....
...Ben Whitmore, whose funds include the £2.1bn Jupiter UK Special Situations Fund and the £1.6bn Jupiter Income Trust, is leaving at the end of July to set up his own firm....
...Meanwhile the EU approved new rules this year that will curb fund leverage in the rapidly growing private credit market....
...Since the collapse of several large US regional lenders last March, Blackstone has been buying assets from banks and managing them on behalf of its credit and insurance clients....
...The trust grew from a market capitalisation of £80mn in 1980 to about £3bn today....
...“The recent upsizing of Concord’s asset-backed securitisation is a great example and we expect to do more financings where we can lend against valuable assets at attractive costs of capital for music and...
...practices in asset management....
...News round-up Perella banker had €1mn tied up in secret ‘breakfast trust’ trading scheme, court told (FT) Warren Buffett-backed Mitsubishi’s shares surge to record high (FT) Barratt to buy rival Redrow...
...Take London & Quadrant Housing Trust, a UK-based residential developer and housing association, that issued a £300mn ($340mn) SLB in January 2022....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to midsized US companies, as banks race to find a toehold in the rapidly growing private credit...
...Want to invest in a bitcoin private credit fund run by a start-up backed by Sam Altman? How about buying a crypto fund that is trading at as much as eight times its underlying value?...
...it assigns to its assets....
...As put by one credit fund manager: “Either answer is bad in different ways.”...
...They want good relationships with the HKMA and the other asset managers in the room....
International Edition