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...Many remain unclear how money shifted around its corporate web — a tangle of more than 1,000 companies and trusts — as the business scrambled for funds....
...Anxious as we are about such unreliable narrators, our loss of trust in what we see and hear can feel like the end of the world....
...However, Weinstein is considering several tactics, including share buybacks or pushing for fund liquidations in extreme cases. Saba Capital declined to comment....
...Eric Werner, director of the SEC’s Fort Worth office, said Loudon “took advantage of his remote working conditions and his wife’s trust to profit from information he knew was confidential”....
...A Beijing court accepted a bankruptcy and liquidation application from Zhongzhi on Friday, stating that the group was unable to pay its debts....
...It was low enough, in fact, that some API shareholders were pushing for the fund’s liquidation over a sale. Other deals are in the offing....
...SunPower appointed Tom Werner as executive chair of its board. Werner previously served as the residential solar company’s chief executive....
...“I put my trust in my financial adviser,” Booth said. “They didn’t register any issues with Hartley at the time.” However, a year later things took a worrying turn for Hartley Sipp customers....
...In the meantime, the bank had set up a trust fund for voluntary contributions from EU member states. He urged EU member states to make commitments to fill the trust fund at the conference in London....
...It is unclear whether mainland Chinese courts will respect the Hong Kong liquidation ruling and whether other property groups will be allowed to collapse....
...One adviser to private capital groups said the Eurovita episode meant it was “one step forward, three steps back” for private equity’s standing with regulators after years of trust-building....
...The idea is to always have enough in reserve to cover at least 99 per cent of exposures in the event of a rapid liquidation....
...bills or money market funds, held by Paxos Trust Co....
...We’ve added one line of emphasis in the passage below: Over USD 2tn in inventory liquidation needed to handle the stock problem....
...So the decision over who should replace Werner Hoyer, the German who has been its president for more than a decade, is proving to be heavily contested, write Sam Fleming and Javier Espinoza....
...Another is to establish a trust in the US holding Argentine assets, such as shares in state energy group YPF, to use as collateral to back new bonds....
...If it fails, the fund risks a massive restructuring or even liquidation....
...HongShan told the Financial Times it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate....
...Blackstone’s arrangement to fund the law firm is part of a wider investigation led by a unit of Teneo, the advisory firm, which was appointed by the courts to handle Fintyre’s liquidation....
...“They’re trying to undermine trust in the organs of the state, and in doing so, weaken them,” said Krauss, the Greens councillor....
...I’m an observer, they can trust me, but what’s going on is between the two of them.”...
...AGNC Investment Corp has $51.7bn, The Starwood Property Trust manages $28.3bn, Rithm Capital has $32bn, and the Blackstone Mortgage Trust another $26.8bn....
...Blackstone has been able to avoid widespread liquidation of its assets. However, it sold two casinos in Las Vegas and raised $4.5bn in new investment from the University of California endowment....
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