Pimco is expected to lead a $26 billion debt portion of the financing, while Blue Owl is providing $3 billion of equity
Contrary to some market expectations, larger banks have been disposing of some of their higher quality assets first to avoid deeper losses, according to Murray
The bond giant had an “absolutely stunning” development this year, Oliver Baete, chief executive officer of Pimco parent Allianz SE, said in an interview Friday
The conglomerate led by billionaire Gautam Adani is aiming to raise up to $1 billion in two tranches this year via such a route, said the people, who declined to be named as they were not authorized to speak about it.
Pimco says that while a recession could further challenge riskier assets like stocks, “we continue to see a strong case for investing in bonds, after yields reset higher in 2022 and with an economic downturn looking likely in 2023.”
The Wall Street Journal, which first reported about the development, said Credit Suisse will give details of the sale and other measures for a planned strategy change on Thursday.
The outflows contributed to a 4.5% drop in outside money overseen at Allianz SE’s asset management business in the first quarter, the Munich-based insurer said in a statement Thursday.
The U.S. 10-year yield briefly dropped below its two-year equivalent on Tuesday for the first time since 2019, crossing at a level of about 2.39%.
The IIT-Delhi has established an endowment fund with an initial pledge of around Rs. 225 crore from alumni and industries two years back and has stepped up an effort to garner $1 billion over the next few years.
Fund houses are shying away from investing in companies that they think add to global warming.
SEBI has asked custodians to provide a list of non-compliant FPIs and have informed brokers to not execute trades on their behalf
The Fed has previously argued that the collapse in the breakeven inflation rate metric is down to a liquidity premium in the TIPS market. Indeed, a report by the Atlanta Fed in January this year said that long-run inflation expectations remain "stable and anchored."
"Either we validate the financial asset prices and growth faster, or alternatively we will slip into a global recession with financial disorder," El-Erian said
The bigger issue for financial markets is that central banks are running out of ammo, the Allianz chief economic adviser told CNBC
The 'Big Day' will certainly have a tremendous amount of impact on Indian market and here is how the market experts analyse the same.
Famed bond investor Bill Gross has sued his former employer Pacific Investment Management Co and its parent Allianz SE for USD 200 million, claiming he was wrongfully ousted by a "cabal" of executives who wanted his share of the bonus pool.
While he believes there will be pockets of value in equities, specifically Europe and Japan, Luke Spajic, EVP, Emerging Markets Portfolio Management, PIMCO, says the asset class is unlikely to achieve the kind of returns it has delivered in the past 3-5 years.
With the Fed considering a rate hike that would be the first in nine years, he said it's not evident that monetary policy is too easy because inflation is so low and full employment is only starting to emerge.
World financial markets should be somewhat relieved that Greece and its creditors reached a reforms-for-bailout deal, closing-followed market watcher Mohamed El-Erian said Monday.
The Fed is expected to adjust its economic and interest rate forecasts and possibly tweak its statement, while continuing to emphasize that rate hikes are dependent on economic data.
Pimco expects the mainland's economic growth in "the low 6 percent territory" this year, compared with official expectations for around 7 percent.
Residential mortgage-backed securities, or RMBS, were one of the main drivers of the Global Financial Crisis. Investment banks bought housing loans of increasingly questionable quality, packaged them into securities and re-sold them into the market.
Some managers hold large chunks of a company`s debt, with the report highlighting that Pimco holds more than 20 percent of Ally Financial `s total bonds outstanding and around 15 percent of Navient`s, while in emerging markets.
The best investments can be found in industries with superior growth, both near-term cyclical growth as well as long-term secular growth, and are in industries with pricing power, Pimco's Mark Kiesel said
In an interview with CNBC-TV18‘s Latha Venkatesh and Sonia Shenoy, Gordon says India ranks among key growth markets in the emerging markets space, even though investors are more inclined towards developed markets at this point.