Millennium Management, one of the world’s largest hedge fund managers,is considering launching a standalone fund to invest in less liquid assets, including private credit, according to people familiar with the situation. Such a move would mark the first time since it began trading 35 years ago that Izzy Englander’s group has launched a new fund.
Shreveport, Louisiana, was downgraded by Moody’s Ratings.Adobe Stock Shreveport, Louisiana, was downgraded to Baa2 from Baa1 Wednesday by Moody’s Ratings. The agency maintains a negative outlook on the rating. The downgrade of Shreveport’s issuer, general obligation and senior revenue ratings will affect $2.1 billion in debt when the city completes the anticipated $88 million Series
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT [The stream is slated to start at 2:55 p.m. ET. Please refresh the page if you do not see a player above at that time.] Ripple Labs CEO Brad Garlinghouse will speak at DC Fintech Week in Washington, D.C., on Wednesday afternoon. Ripple, the largest
Bond traders are at it again, pushing Treasury yields higher and signaling the Federal Reserve was too heavy-handed when it cut interest rates by a half-percentage point last month. The recently rising yields have put pressure on the stock market — and specifically, names in our portfolio tied to housing. The 10-year Treasury yield —
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chancellor of the exchequer The Budget next week will deliver on the promise of change. That change will be driven by this government’s number one mission — to deliver sustainable growth after
Municipals saw a sharp correction Wednesday, with yields rising double-digits as the asset class played catch up to U.S. Treasuries after recent outperformance led to too-rich ratios. Deals in the primary repriced to higher yields as a result. Muni yields rose five to 18 basis points, depending on the scale, pushing the 10-year above 3%
Houston Controller Chris Hollins’ investor conference took place Tuesday without the participation of key city officials after Mayor John Whitmore raised “pay-to-play” concerns about corporate sponsorships for the event and requested a city probe. Hollins countered on Tuesday, calling on the Houston inspector general’s office to also investigate corporate sponsorships for the mayor’s Sept. 17
[The stream is slated to start at 9:05 a.m. ET. Please refresh the page if you do not see a player above at that time.] Rostin Behnam, chairman of the Commodity Futures Trading Commission, is speaking at DC Fintech Week in Washington, D.C. on Wednesday morning. The agency is in a critical period: The CFTC
Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units, the slowest pace since October 2010, according to the National Association of Realtors. Sales were 3.5% lower than in September 2023. Sales fell in three out of four U.S. regions, with just the
Pioneers sometimes get undue credit for simply being the first of many trying to reach the promised land. Even if they had never been born, their discovery would have happened around the same time anyway. Other times they become the figurehead of what was really a collective breakthrough. But if there was a true father
As the election looms, tax specialists and politicos are gaming out what might happen to key provisions of the Tax Cuts and Jobs Act, including the deduction cap on state and local taxes. “There’s an interesting set of bedfellows and partnerships that could emerge on SALT,” said Arshi Siddiqui, a partner at Akin, and a
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Municipals extended their selloff with the largest losses on the short end amid another busy day in the primary market, led by an upsized JFK Airport Terminal 6 Redevelopment Project deal. U.S. Treasuries were little changed and equities ended mixed. Triple-A yields rose three to 12 basis points, playing some catch up after recent outperformance.
The Nasdaq MarketSite in New York, US, on Monday, Sept. 16, 2024. Yuki Iwamura | Bloomberg | Getty Images KKM Financial has converted its Essential 40 mutual fund into an ETF, joining the growing shift by asset managers to a more tax-efficient fund model. ETFs make it easier for investors and financial advisors with taxable
Matt Champlin | Moment | Getty Images When a real estate agent works with a prospective homebuyer, they’re required to point out physical or material defects in the property. A death on the property? It depends on the state where the house is located. In most states, death doesn’t count as a material defect requiring
The top five bond financings in the ranking came in at more than $7 billion, according to data from LSEG. The top 20 bond financings have a cumulative amount of more than $18 billion. Total issuance in September hit nearly $45 billion, bringing market expectations for a record year closer to fruition. Scroll through to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an external member of the Bank of England’s Monetary Policy Committee An old mentor used to consult women’s dress sales when he wanted to know what was going on with the economy,
Municipals were weaker Monday following U.S. Treasury market pressures while equities ended down. Triple-A yields rose up to seven basis points while govies were higher by eight to 12 basis points. Short ratios fell as a result of the day’s moves. The two-year muni-to-Treasury ratio Monday day was at 61%, the three-year at 61%, the
Morsa Images | Getty Buying a home is often the biggest financial decision you’ll ever make. It’s not just about choosing a place to live; it’s about making a long-term investment that will impact your financial future for years to come. Therefore, if you are looking to buy a home, there are certain steps you should
As funding from the American Rescue Plan Act peters out, cites are balancing reserves and issuing new debt while searching for funding streams. “Our biggest challenge is not the replacement of the ARPA funds, it’s rather how are we going to pay for the future debt, for the amount of infrastructure debt we have facing
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