Hints and tips:
...Over 10 years, Train has returned 7.6 per cent on an annualised basis, compared with the benchmark’s 5.1 per cent. Lindsell Train declined to comment....
...But their share of the mortgage market, put at 2.6 per cent last year by consultants Baringa, is limited by what partner Emily Farrimond describes as “a lack of government policy, consumer awareness and...
...When British real estate investor Graham Clemett bought McKay Securities in May, he had a clear plan....
...The retail operation provides both deposit funding and assets ripe for securitisation, such as mortgages and credit card loans....
...Blackstone Mortgage Trust and KKR Real Estate Finance Trust, two of the biggest mortgage real estate investment trusts, have halted loans to any new borrowers....
...are paid off — rather than something more closely resembling the discrete parcels of loans that typically back US mortgage-backed securities....
...of 6 per cent....
...The trust can invest up to 30 per cent of its total assets in unlisted securities — typically late-stage private businesses — measured at the time of purchase....
...mortgages an impossibility....
...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....
...worst security debacle....
...The damage from 14 interest rate rises will crystallise further with the estimated 1.6 million homeowners, who will see their mortgage deal expire this year, facing a horrible jump in borrowing costs....
...Most of the fighting ended in 2006 but in its place are ugly scars, destroyed buildings and a near-total lack of infrastructure. Other consequences are less tangible....
...For instance, Land Securities shares — £10 before the pandemic — are £6.50 today....
...and debt securities....
...Banks should cautiously repair their capital buffers now, before a possible recession undermines the public’s trust in them....
...M&B’s average interest rate is 6 per cent. The agreements also contain clauses that make it almost impossible to refinance economically....
...In 2006, as civil war raged, al-Shabaab jihadis took over much of Somalia....
...Among the top 10 holdings in its Scottish Mortgage Investment Trust fund as of September 30 were shopping platform Meituan and social media and gaming group Tencent, both of which declined by more than 14...
...CFOs are, in some ways, a private equity variant of “collateralised debt obligations”, the bundles of mortgage-backed securities that only reached the public consciousness when they wreaked havoc during...
...JIM LEAVISS: Your mortgage rates are set related to the gilt market yields. So we saw UK mortgage rates start to hit 6, 6 and 1/2. I even saw 7% mortgage rates....
...One of them, TeamHealth, was sold to Blackstone for $6.1bn in 2017. Another, Envision, was acquired by KKR for $9.9bn the following year....
...This for example is Matthew Pointon of Capital Economics, writing this week: At 6 per cent [mortgage rates] the median income household looking to buy the median-priced home today will have to put close...
...Terry Smith’s Fundsmith fund has tumbled 10 per cent this year, according to Morningstar data, while shares in Scottish Mortgage Investment Trust are down about 25 per cent....
...to life / From Mubin Haq, Chief Executive Officer, abrdn Financial Fairness Trust, Edinburgh, UK...
International Edition