SEC fines hedge fund advisor for inflating mortgage bond prices

The Securities and Exchange Commission today charged a pair of former head traders who ran the commercial mortgage-backed securities (CMBS) desk at Nomura Securities International Inc. with deliberately lying to customers in order to inflate the profits of the CMBS desk and line their own pockets as a result.

The PIMCO Flexible Credit Income Fund (PFLEX) utilizes a flexible, multi-sector credit strategy that can invest in higher-yielding, less liquid securities in an attempt to provide risk-adjusted returns and current income. Learn more about the interval fund.

2018 Rising Stars: Travis Kniffen Citibank announced today that it is selling OneMain to Springleaf Finanial for $4.25 billion. Citi has been trying to sell OneMain for years. It all began when Vikram Pandit was CEO (after the financial crisis), and he created a bad bank (called Citi Holdings).

The U.S. Attorney for the Southern District of New York said it’s arrested a hedge fund founder, portfolio manager and a trader with mismarking securities by over $200 million. The three arrested.

LoCorr Long/Short Commodities Strategy Fund invests in a globally diversified commodities portfolio that has the potential to profit in up and down commodity markets, a hedge against inflation.

Harry Gardner appointed to MISMO’s board of directors The MISMO Board of Directors represents a cross-section of the real estate finance industry that manages and directs MISMO’s business and affairs. The MISMO board consists of representatives from the residential and commercial mortgage industry that serve for staggered two-year terms.

Start studying FIN 350 Test 1 Ch. 2-7. Learn vocabulary, terms, and more with flashcards, games, and other study tools.. a. securities prices are randomly determined. Rates of return reported by mutual funds a. are reported after taxes

Short sellers profit when stock prices fall. Einhorn drew notoriety because, unlike most hedge fund. inflating the value of loans and equity stakes on its books, long after it is clear that.

Index-Linked Bond: An index-linked bond is a bond in which payment of interest income on the principal is related to a specific price index, usually the Consumer Price Index. This feature provides.

It’s 2007; the subprime mortgage crisis has yet to unfold. Two hedge fund managers visit a Standard. as the Federal Reserve hikes interest rates from the low levels that have spurred record.

BOND’s third largest holding is TII 0 1/8 01/15/22, which makes up 2.14% of the fund. This is actually a United States Treasury Inflation Indexed Bond, with coupon 0.125%. cusip on this is 912828SA9.

Ten-year yields climbed 12 basis points, or 0.12 percentage point, to 2.53 percent at 5 p.m. New York time, according to Bloomberg Bond Trader prices. short-term interest rates in the second half.

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The LoCorr Long/Short Commodities Strategy Fund Class I (LCSIX) is nominated in the categories of 2018 Best Multi-Advisor. interest rates rise. This risk is usually greater for longer-term debt.

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Chances are the adviser. hedge fund nearly collapsed the global financial system in 1998 as a result of high-risk arbitrage trading strategies. “A more recent example is the failure of rating.

Cordray’s ‘New Normal’: We know your business better than you In a recent publication, The Annuity Advantage in a New Normal Economy, we considered the question of what an actuary might say at your 65th birthday party about how many more times you would blow out the candles.The actuary wouldn’t know, of course, although they could make some very precise statements about the average life expectancy of the other roughly 10,000 Americans turning 65 that day.