Janus acquires style investor Richard Bernstein Advisors
The deal amplifies Janus' existing model portfolios and separately managed account offerings and positions the firm to be a leader in that area.
Apollo’s fox hedge is taking financial wizardry to a new level
Apollo bundled assets plucked from its own funds, including real-estate debt, into a Bermuda-based vehicle, and sold bonds against it with investment-grade ratings and unusually long lifespans.
TD Bank uses automation to trade more bonds with fewer people
The co-heads of TD Securities Automated Trading estimate that more than 90% of transactions will eventually be automated.
The world is finding a plausible alternative to Treasuries
In Germany, the 10-year bund at 2.66% reflects the prospect of a flood of bond issuance as the government ramps up defense spending.
The top 20 real estate funds of the decade
The real estate sector has been rocky in recent years. But for those investors willing to ride out the ups and downs, these 20 funds have paid off.
Litigation finance finds its feet targeting returns up to 20%
A global shortage of yield-bearing assets for investors seeking to generate income is boosting the popularity of funds that back lawsuits in return for a slice of the proceeds if they win.
Opinion No, CLOs will not cause the next banking crisis
An article in The Atlantic warning that collateralized loan obligations will be banks’ next downfall overestimates the risk of these securities.
Two fintechs broaden banking ambitions
Wealthfront will add third-party mortgages to its investing platform, while Varo Money says robo advice and mortgages are in its long-term plans.
ABS East: Portfolio diversity strategies in their infancy
An opening day panel for ABS East focused on the growing number of choices investors have in asset classes and structural options.
Och-Ziff, BNY Mellon spar over payouts on Countrywide RMBS
Och-Ziff Capital is suing BNY Mellon, as trustee, to compel it to calculate interest in a way that is more favorable to the class of securities it holds.
Lenders that also service mortgages face tough capital decisions
Nonbank lenders are gearing up for new secondary market requirements and must make some difficult choices about whether to buy, sell or hold mortgage servicing rights, says Ruth Lee, the executive vice president of MorVest Capital.
Will 2019 bring long-awaited GSE reform?
After 10 years of conservatorship, the new year could finally usher in big steps toward housing finance reform.
How a liquidity crunch will shape the secondary mortgage market in 2019
Liquidity, products and pricing are the main concerns for the secondary mortgage market in 2019.
CFPB once again enters new year with direction TBD
The biggest question is whether new CFPB Director Kathy Kraninger will deviate from the pro-industry policies of her predecessor, or bring continuity.
Servicers’ status for 2019? It’s complicated
Mortgage servicing assets are poised for gains in 2019. But as higher average mortgage rates spur lenders to sell servicing rights and diversify their loan offerings, servicers' work will also get more complicated and costly.
