Hints and tips:
...Still, only between 1 per cent and 3 per cent of the $3.4tn market is owned by investment funds, according to industry estimates....
...Nuveen, which is the investment manager for US teachers pension fund TIAA, is buying Arcmont to build its lending presence in Europe and expand its overall private credit business as rising interest rates...
...(FT) Hailing private equity A complex three-way deal has led to a comprehensive restructuring of NYC taxi medallion debt. Now with a cleansed market, Wall Street is circling....
...TIAA-CREF has waived fees on two funds that invest in government debt and government-backed securities....
...fund....
...TIAA-CREF, one of the largest US providers of financial services, warned this month that “returns could go negative” on its money market funds....
...But where traditional bond fund managers feared to tread, the private credit industry had no such qualms: Permira Debt Managers, the credit arm of the private equity house, provided a £350m loan to Soho...
...With solid ratings by notable investment agencies, the 40-year debts have been flying off the shelves....
...The tie up marked the largest fund management M&A deal since TIAA-CREF purchased Nuveen for $6.3bn in 2014....
...Aegon Asset Management has recruited Jeff Grills as head of emerging markets debt in its US business. Mr Grills, who is based in Chicago, joins the €303bn group from Gramercy Funds Management....
...Property owners and asset managers including TIAA-CREF, Boston Properties and Beacon Capital Partners are among WeWork’s largest landlords, according to real estate data firm CoStar....
...The CoStar data show that TIAA-CREF, Boston Properties, Beacon Capital Partners and Moinian Group are among the biggest US landlords to WeWork, which published its prospectus last week ahead of a highly...
...“We’ve seen a shift from equities into fixed income and cash right now,” said Chris Gaffney, president of world markets at TIAA bank....
...The deal is the largest in the US asset management industry since financial services firm TIAA-CREF bought private equity-owned fund manager Nuveen Investments for $6.3bn in 2014, data from Refinitiv and...
...But Anupam Damani, co-manager of the TIAA-CREF Emerging Markets Debt fund, said the worst could be over by the election....
...The tiny island nation of Seychelles has become the first country to raise funds in the bond markets to protect dolphins and other marine life, in a deal which also involves the World Bank and the Prince...
...One case study is TIAA-CREF’s 2014 acquisition of Nuveen in the US. The merger was slow to produce the desired benefits due to a lack of clear decisions and communication....
...Net debt for GE’s industrial businesses is about $38bn, and the deficit in its pension funds is about $17bn, according to Vertical Research Partners....
...Mr Blanchard favoured giving the central bank the ability to purchase equities, and not just government debt, to stimulate growth if a major crisis struck again....
...The list of women-only run funds included TIAA-CREF’s $7bn growth and income retirement fund, managed by Susan Kempler, and Ariel’s $658m international investor fund, managed by Rupal Bhansali, which drew...
...The $6.25bn purchase by TIAA-CREF, the US pensions provider, of Nuveen Investments in 2014 is leading to similar pruning....
...• Nuveen, the $882bn US investment manager formerly known as TIAA-CREF, has named Vijay Advani as chief executive....
...“It seems there is insatiable demand for yield,” said Kevin Lorenz, a high-yield portfolio manager with TIAA CREF. “Triple-Cs are routinely pricing at 7 per cent or less....
...“There aren’t so many debt funds yet, but I think they will increasingly be looking at this type of deal — particularly in Asia where you’ve got high-growth businesses who can’t yet tap the mainstream markets...
...• Goodbye TIAA-CREF....
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