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Wow...BI warn on new Massive Pink Slip Wave on horizon and bye bye to 4day Jiak Liao Bee work week...AMDK love the Tiongkok 996 style
- Thread starter k1976
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Private Credit Fund Burned by Risky Bets Is Bleeding Cash
As Prospect Capital faces a surge in troubled borrowers paying interest with more debt, concerns over the fund’s finances are growing louder.By John Sage and Ellen Schneider
August 7, 2024 at 5:00 AM GMT+8
Prospect Capital, a little-known New York firm that helped pioneer the private credit boom, has come up with an unusual technique to keep dividends flowing out of an $8 billion fund it runs.
For years now, it’s sold financial instruments to retail investors and handed over the proceeds to shareholders.
The sales helped the fund deliver hefty payouts even as the performance of its investments — mostly corporate loans to mid-size companies and real estate — deteriorated markedly. But they’ve also long raised concerns among some analysts who say the strategy obfuscates returns and is unsustainable.
The global economy has slowed down and there's less demand now.
Hope Israel gets destroyed and world peace gets restored soon
Hope Israel gets destroyed and world peace gets restored soon
JPMorgan Says Three Quarters of Global Carry Trades Now Unwound
- Returns have fallen around 10% since May, Says JPMorgan
- Re-iterates clock is ticking for the G10 carry trade: JPM
By Matthew Burgess
August 8, 2024 at 10:12 AM GMT+8
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Three-quarters of the global carry trade has now been removed, with a recent selloff erasing this year’s gains, according to JPMorgan Chase & Co.
Returns in Group-of-10, emerging market and global carry trade baskets tracked by the bank have fallen about 10% since May, quantitative strategists Antonin Delair, Meera Chandan and Kunj Padh wrote in a note to clients. The moves have wiped out the year-to-date returns and significantly cut into profits accumulated since the end of 2022.
Mlmlwml. Life is too short to spend so much of our time at work. Ours is wanting old people labour force above 70s to continue working. Blue collar jobs like taxi driving, physically old uncles can't take long hours driving. Also those in office hogging the space not letting new grads gain experience..
Like some bro always say : Can eat dun waste mah
Same samw but not the same, Leemember
Ya. Majority can't see through their ploy. Really coolie genes.
LIke that , Good mah...plentiful of Cannon Flodders infront of us...we just evergreen our queue position and kick the can down the road loh
these 2 fuckers are the reason peesai is on a permanent downtrend......wake the fuck up!!
Dun say like that...peesai can becum nukeclear power de woh
Our New NDP dance for SG 60?
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Markets
Aug 7, 2024, 1:24 AM GMT+8
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Markets
'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates
William EdwardsAug 7, 2024, 1:24 AM GMT+8
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- Bank of America's Michael Hartnett advises selling stocks at the first Federal Reserve rate cut.
- Hartnett's analysis of past rate-cutting cycles shows stocks fall during hard-landing cuts.
- Recession risks have been underappreciated by investors, Hartnett says.
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