H2O Asset Management’s bond funds have lost nearly half their value in a matter of weeks, after the London-based fund manager experienced another day of severe losses on Thursday. H2O, a subsidiary of French bank Natixis that managed about €30bn of assets at the start of the year, has emerged as one of Europe’s highest-profile […]
Out of nowhere, a $693 million loan Clover took to the market five years ago lost about a third of its value. This collapse was surprising to insiders who trade corporate loans. Clover had been operating since 1996 when it was acquired by Golden Gate which followed an usual path of private equity buyouts — […]
On April 1, 2019, the SEC obtained a preliminary injunction and order appointing a receiver over registered investment adviser Direct Lending Investments, LLC. According to the SEC’s complaint, Direct Lending, through its owner and CEO Brendan Ross, engaged in a multi-year effort to manipulate the performance data for one of Direct Lending’s significant investments in […]
Aidikoff, Uhl & Bakhtiari is investigating the sale of the Yield Enhancement Strategy (“YES”) recommended by financial advisors to UBS customers. The investigation focuses on UBS sales practices and representations made in connection with the recommendation of the UBS YES program for fixed income customers. UBS’s Yield Enhancement Strategy (“YES”) reportedly had over $5 billion under […]
Stocks tanked on Monday, pushing the S&P 500 to a new low for the year amid growing concerns that the Federal Reserve’s plan to raise interest rates could be too much for the economy and stock market to handle. The Dow and S&P 500, which are both in corrections, are on track for their worst […]