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...Windsor joined Abrdn in October after holding the same role at housebuilder Persimmon. He previously worked at insurance group Aviva for more than a decade....
...US mortgage lender....
...’ closed mortgage books, with a balance sheet of almost £116bn....
...The deal allowed Credit Suisse to cut its holdings of such assets from $75bn to $20bn. Apollo rebranded the business as Atlas....
...investment officer of US-based Muddy Waters, Carson Block, told the Sohn investment conference in London that there was “a lot of rot in its book”, and that many of the borrowers whose loans make up the trust’s holdings...
...For instance, here’s an extract from a filing by Manhattan Bridge Capital, a small Nasdaq-listed mortgage Reit: No Adverse Material Change....
...They include Baillie Gifford’s flagship Scottish Mortgage Investment Trust, Bill Ackman’s £7.4bn Pershing Square Holdings, and the £2.5bn RIT Capital Partners trust....
...Most Fed officials support reducing the central bank’s mortgage-backed securities holdings to zero, to avoid distorting the mortgage market....
...But a sudden rise in interest rates beginning in 2022 left Tiger badly exposed to plunging valuations and holding a bloated portfolio of private investments with limited paths to exit....
...This has also limited the government’s ability to divide the Labour coalition....
...They have locked up existing-home supply (no one will give up their 3 per cent fixed rate) and squelched mortgage demand. Without lower mortgage rates, a thaw is unlikely....
...Adani Energy Holdings Limited and its subsidiaries filed annual accounts with UK’s Companies House last month that were audited by Ferguson Maidment & Co, a small chartered accountant based on Fleet Street...
...Industry executives and lobbyists say, as they always do, that holding more capital against risk will make them less profitable, and thus crimp lending (despite plenty of evidence that it hasn’t thus far...
...Law firm Quinn Emanuel Urquhart & Sullivan, which has filed complaints in the Swiss court on behalf of 1,000 investors with more than $6bn of AT1 holdings, could take the unusual step of filing a lawsuit...
...GIC disposed of its holding of roughly $300mn at a discount, leaving the Singaporean fund with a loss on its investment, the people said....
...Elsewhere, the FHFA sounded sceptical proposals to let mortgage REITs and non-bank mortgage lenders become members of the system, and said that it wanted to make sure that existing members maintain 10 per...
...Abrdn has named Jason Windsor as its new finance chief and an executive director. He was previously CFO of Aviva....
...That’s presumably because 1) the competition for talent is fierce and expensive, 2) their own investment capacity is limited, and 3) they have such a cachet with investors at the moment that it is tempting...
...Investors have had limited bond and loan financings to entertain this year....
...Another option is targeted, but limited, support for the property market. The state is trying....
...A bank loan officer denies a customer a third mortgage extension, in order to get a promotion. She gets the promotion....
...Technology funds should also be considered and we would recommend Scottish Mortgage Trust and Polar Capital Technology Trust....
...The insurance units are required by state regulators to invest the vast majority of their holdings in investment-grade rated debt, to safeguard policyholders....
...Some banks now offer fixed-term accounts allowing savers to make a limited number of withdrawals before penalties apply....
...Higher rates also reinforce the trend towards holding properties within a limited company structure, in which profits are unaffected by the loss of income tax relief....
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