Hints and tips:
Related Special Reports
...Train’s £3.9bn WS Lindsell Train UK Equity fund, which was launched in 2006, invests mainly in UK equities, which have performed poorly in recent years....
...Shares of the trust, which carries a market capitalisation of $3.6bn, fell more than 8 per cent in Wednesday trading....
...So we now have 2 or 3 lenders who have five-year fixes starting with a three....
...Money Clinic 🎧: In this episode, “AI maximalist” Ben Rogoff, lead fund manager of the £3.5bn Polar Capital Technology Trust, explains what informs his investment strategy and how he responds to fears of...
...What should I do with my mortgage? Economic cycle: Are Jeremy Hunt’s plans really a ‘Budget for growth’?...
...chief’s $161mn award swells to $1.3bn (WSJ) Elliott builds stake in Scottish Mortgage Investment Trust (FT) Crosbie puts Nationwide’s reputation on the line with Virgin Money bet (FT) US investment funds...
...Read the full story here Five unmissable stories this week The board of Baillie Gifford’s flagship £14bn Scottish Mortgage Investment Trust has announced a £1bn share buyback in an attempt to prop up its...
...Credit Suisse itself built a gilt-panelled vault 18ft below the level of the nearby Lake Zurich that holds 3,500 safes for its customers....
...The retail operation provides both deposit funding and assets ripe for securitisation, such as mortgages and credit card loans....
...When British real estate investor Graham Clemett bought McKay Securities in May, he had a clear plan....
...So venture capital trusts and the Enterprise Investment Scheme carry lots and lots of valuable tax reliefs....
...Here’s why the label has lost its popularity. 3....
...are paid off — rather than something more closely resembling the discrete parcels of loans that typically back US mortgage-backed securities....
...And don’t miss Antoine and Brooke’s profile of Ogunlesi, who rose to head investment banking at Credit Suisse before founding GIP in 2006....
...SMBC Nikko Securities estimated that Fujitsu’s UK sales were at most ¥200bn ($1.4bn), compared with the group’s annual revenue of ¥3.7tn for the 2022-23 fiscal year....
...The issue recalls the fallout from the failure of Thornburg Mortgage, which revealed financial difficulties shortly after KPMG published an unqualified opinion on the mortgage lender’s 2007 results....
...When Amar Bhidé joined the board of Baillie Gifford’s flagship Scottish Mortgage Investment Trust three years ago, an insider complimented the academic as a “world-class brain and a world-class bastard”...
...At its peak, the firm managed close to $13.3bn in assets, and still ran $3.8bn last year....
...For the remainder of the three-year period, it could hand over 3 per cent every day....
...The impact of past rate hikes will continue to hit too, and the average rate on outstanding mortgage lending will increase to 3.7 per cent (from 3.2 per cent now) by the end of 2024, based on the swaps curve...
...Stonepeak put $3.6bn of equity — its single largest cheque — into Astound Broadband in 2021, but the New York company wilted under intense competition from larger broadband operators....
...worst security debacle....
...Critics rightly lambasted rating agencies for the flawed validation of mortgage-backed securities that triggered the financial crisis of 2008-9....
...The bifurcation in the market is visible in commercial mortgage-backed securities, where triple-B (low investment grade) spreads have rocketed back near Covid highs, even as triple-A spreads remain tight...
...The biggest loans are often taken out by consortiums and are held by groups of investors, as in commercial mortgage-backed securities....
International Edition