In The News
Fears of financial schism between the two nations rise as Trump ratchets up pressure.
Convertible-bond issuance is running at a record pace as companies like Lyft (ticker: LYFT), Zillow Group (Z), Pioneer Natural Resources (PXD), BioMarin Pharmaceutical (BMRN), and Penn National Gaming (PENN) seek to shore up their balance sheets or simply take advantage of strong investor demand for the hybrid securities.
Asset manager liquidates previously soft-closed strategy after receiving notice of major investor’s plan to depart.
Deal is emblematic of an era in which BlackRock has dislodged banks to become a central power on Wall Street in its own right.
The strength of socially responsible funds suggests they have staying power; ‘ESG is not a fad.’
South Carolina’s retired judges and solicitors saw their annual pension payments soar by an average of more than $37,000 starting in mid-2019, while most state retirees were limited to pension increases of $500 or less.
GoldenTree Loan Management (“GLM”) and its affiliated investment manager GoldenTree Asset Management (collectively “GoldenTree”), announced the closing of a $503 million collateralized loan obligation (“CLO”) to be managed by GLM.
Lombard Odier Investment Managers (“LOIM”) has expanded its global trends offering with the launch of a new FinTech strategy, which aims to invest in the companies leading the technological and digital transformation of the financial services sector.
The coronavirus has upended the $8 trillion corporate bond market. Shutdowns have sparked an explosion of new bond sales, fueled by companies trying to borrow their way through a sharp economic downturn.
As pressure builds on philanthropy to respond to the disastrous social and economic effects wrought by COVID-19, the Wallace Global Fund is calling on philanthropic foundations to significantly increase their grantmaking beyond the 5% required by law.
