Hints and tips:
...Gates’s biggest UK investments, for example, have been in retailer Carpetright, jet servicing group Signature Aviation and Bunzl, a distributor of disposable cutlery....
...“I think we may be able to find a grand unified theory of physics at some point, but we’re not going to be able to find a grand unified theory of markets.”...
...Recent efforts by two US asset managers — DFA and Guinness Atkinson — to repurpose mutual funds as ETFs could be seen as a way of overcoming this issue, says Ciarán Fitzpatrick, head of ETF servicing, Europe...
...Davidson Kempner will also acquire an 80 per cent stake in Alpha Bank’s loan servicing subsidiary, Cepal Holdings....
...“Investors still need income,” said Vivek Bommi, senior portfolio manager at Neuberger Berman....
...Instead, its customers used platforms from tech groups to digitise this process, with Taulia’s systems servicing key Greensill clients such as pharmaceutical group AstraZeneca....
...Since the launch of Lupa, Murdoch has assembled his own portfolio of companies....
...“While a seemingly bleak snapshot, a small cohort of funds are prospering,” said Mark Connors, global head of risk advisory on Credit Suisse’s hedge fund servicing team....
...Chicago-based Argon Credit LLC co-founder and CEO Raviv Wolfe said in a bankruptcy court declaration that “liquidity issues” caused the company, which offers 12- to 60-month loans in amounts ranging from...
...The composition of Lending Club’s loan servicing portfolio was assumed not to change, with servicing revenues moving in step with loan originations....
...• AQR, the $153.6bn Connecticut-based hedge fund, has hired Peter Hechtas as co-head of its US portfolio solutions group....
...its much bigger overall portfolio....
...He points out that some of the large fund platforms servicing financial advisers still do not trade ETFs. Even so, the pace of investor inflows appears to be accelerating....
...(FastFT) Investors bolt from stock funds into bonds (WSJ) Martoma guilty of insider trading: The former portfolio manager at SAC Capital will remain on bail until he is sentenced....
...And the US market is still tinkering with the long-promised “unified managed household”, a catch-all platform that would let advisers run not only a full slate of in-house client assets, but also accounts...
...Bankia, Spain’s largest nationalised lender, this month sold its real estate management arm to Cerberus, while Caixabank is in talks to offload a stake in its property servicing division to Texas Pacific...
...“The risk we face here is that should interest rates normalise, there would be a dramatic increase in debt servicing costs relative to Federal expenditures.”...
...Its now roughly $208bn servicing portfolio makes it the largest non-bank servicer of US home loans, according to MortgageStats, an industry data provider....
...The successful auction follows the sale of ResCap’s mortgage servicing business to Ocwen Financial for $3bn on Wednesday after it won a bidding war with Nationstar Mortgage....
...Nationstar, which is owned almost completely by Fortress, has seen its servicing portfolio grow from $21bn to $107bn in four years, fuelled by the purchase of three separate servicing portfolios from BofA...
...Last month Lone Star, the Texas-based private equity group, bought a €660m portfolio of AIB loans at a discount of about 60 per cent....
...Berkshire Hathaway, the investment company run by Warren Buffett, has offered to buy the mortgage servicing business and loan portfolio of Residential Capital, the home lender that filed for bankruptcy with...
...Its mortgage servicing business and loan portfolio are set to be auctioned off as part of the bankruptcy process....
...Berkshire can still bid for the mortgage servicing business at auction and Ally can still bid for the mortgage portfolio....
...After June, WestLB itself will not be allowed to take on new banking business and will be transformed into a small asset servicing business, almost certainly under a new name....
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