Pension Pulse

JULY 11, 2024

NAV lenders sometimes charge interest in the mid to high teens, and some borrowers have used holiday homes, art and cars as collateral. One senior pension fund executive says they try to avoid managers who use NAV as they view it as firms being lazy about exits, adding that they’d prefer to crystallize losses than get distributions this way.

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Pension Pulse

MARCH 13, 2024

Paula Sambo of Bloomberg also reports real-return bonds reap gains for HOOPP: Canadian inflation-protected securities known as real-return bonds are reaping gains for one of the country’s largest pension funds during a turbulent period for fixed-income markets. The pension fund manager’s total assets increased to $112.6-billion,

Pension Funds 59

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The Big Picture

MARCH 5, 2024

I graduated economics with, with a lot of coursework in accounting and finance. Perhaps most famously you guys put on a CO bet, a collateralized debt obligation bet that was designed to do well if housing made some extreme moves and it was non-directional, it was hedged. And so the pension funds are faced with this illiquidity problem.

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The Big Picture

MAY 23, 2023

That’s not the thought process of someone who wants to go into finance. RITHOLTZ: When did it enter your mind that, hey, this finance stuff looks kind of interesting? And the Japanese regulators were having a tough time with cross collateralization and issues about whether there were balance sheet accounting issues.

Hedge Funds 64

Hedge Funds Financing Finance Funds 64

The Big Picture

FEBRUARY 13, 2023

You graduate Emory University with a degree in finance. No, I’m — RITHOLTZ: You beat me by an hour, RIEDER: You know, I think, I would say to young people who come into the business, you know, why are you coming into finance? Didn’t it start as a bond shop, catering to pension funds and foundations?

Hedge Funds 59

Hedge Funds Education Funds Banks 59

The Big Picture

AUGUST 15, 2023

And he said, “Well, it has to be this and that “and it has to be collateralized with a letter of credit.” Public pension funds that manage hundreds of billion dollars can be manned by professionals that make $80 to $150,000 a year. ” And I was like, “What?” SEIDES: Yeah. Last two questions.

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Hedge Funds Funds Capital Assets 52

The Big Picture

JANUARY 24, 2023

When we’re talking about a structure of a financing and their senior mezzanine and junk, essentially, that’s the payout order in the event of a bankruptcy. And one thing I tried to say is that private equity has evolved from a form of finance into a form of business. I’ve been in private equity for 40 years now.

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Leveraged Buyouts Private Equity Firms Private Equity Firms Debt 105

Pension Pulse

NOVEMBER 10, 2023

Executive announcements Manroop Jhooty was appointed Senior Managing Director & Head of Total Fund Management. Completed a multi-year forward flow agreement with Exeter Finance LLC, a U.S. indirect auto finance company, to acquire up to US$200 million per year in residual certificates of auto loan receivables securitizations.

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The Motley Fool

JULY 20, 2023

In fact, virtually all of our drawdown funds we've launched in our history, have been profitable for our investors. Our performance has helped secure retirees' pensions, fund students educations, pay healthcare benefits, and protect and grow the savings of individual investors. banks with an average of 12 times leverage.

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

Pension Pulse

NOVEMBER 25, 2024

Northvolt scrambled to keep the financing flowing, but as Germany’s car industry fell deeper into its own crisis, it became clear orders would dry up. billion to finance its new business plan, Carlsson said, telling reporters that “we’ll regret it in 20 years if we’re not driving transition” to clean technologies.

Pension Funds 59

Pension Funds Funds Financing Finance 59

The Big Picture

NOVEMBER 25, 2024

You get a, a BS in computer science from Cornell, a master’s in computational finance from Carnegie Mellon. Or you can go to the bank and get a mortgage, put $200,000 down, get an $800,000 mortgage, you’re gonna get the return of the house minus whatever the cost of financing is. Corey Hoffstein : Absolutely not really.

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Returns Mutual Funds Hedge Funds Leveraging 59

The Big Picture

JUNE 20, 2023

MORGENSON: Well, I sort of worked my way up, if you can call it that, to writing their personal finance column, which nobody read, by the way. RITHOLTZ: Now that we have gender parity in finance, thank you. MORGENSON: It can be collateralized loan obligations, now it’s big private debt. RITHOLTZ: At Vogue, though.

Private Equity Firms 59

Private Equity Firms Private Equity Firms Financing Finance 59

The Big Picture

FEBRUARY 20, 2024

What is the communication like back and forth between the New York Fed and major players in finance, especially in the midst of a crisis like that? ’cause L-I-B-O-R was probably the most important number, certainly in credit, maybe in all of finance. You need to come up with more collateral. I’m sorry.

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Banks Stock Market Stock Market Legal 59