Private Equity

Frontrunning: May 11

  • After Comey, Russia Probe Escalates (WSJ)
  • Comey Firing Distracts Trump White House, Risking His Agenda (BBG)
  • Trump wanted to preview Comey's Senate testimony (Reuters)
  • Traders Ask What Will Rouse Markets When Trump and Twitter Can't (BBG)
  • EU Raises Growth Forecasts but Cites Threats From Brexit, Trump (WSJ)

Trump Named As "Risk Factor" In Company Filings 3x More Than Obama

According to the research firm Sentieo, which spent hours and hours of time scouring the "Risk Factor" sections of 10-Ks and 10-Qs, Trump has been about 3x more likely to be cited by a publicly traded company in the U.S. as a "Risk Factor" in his first 100 days in office than was Obama.

Are US Taxpayers Now On The Hook For Risky Wall Street Real-Estate-Backed Bonds?

This is not a joke... "The BPOs are key elements in securitizations, determining basic figures such as how much rent to charge tenants, how much leverage and risk is embedded in the deal and how much investors could recover if the bonds go sour. Many of the securities were assigned AAA grades and sold off to investors such as pension funds." Is this 2006 or 2017?

Harvard Endowment Liquidating $2.5 BIllion In Assets

Harvard University’s endowment is trying to sell about $2.5 billion of private equity, venture capital and real estate investments, as part of a sweeping internal restructuring, Axios reported.

Frontrunning: May 3

  • Fed Rate Rise Unlikely, but Possible June Move in Focus (WSJ)
  • GOP Health-Bill Woes Signal Centrists’ Rise (WSJ)
  • As U.S. and China find common ground on North Korea, is Russia the wild card? (Reuters)
  • North Korea says American was detained for 'attempted subversion' (Reuters)
  • SEC Probes Solar Companies Over Customer Cancellations (WSJ)
  • Slumping Car Sales Are Latest Data to Rattle Bets on Growth (WSJ)

Welcome To The Corporatocracy

The interests of Washington and large corporations have merged so completely they are now inseparable.

Frontrunning: April 25

  • Trump’s 15% Corporate Tax Push Sets Stage for Clash With Ryan (BBG)
  • U.S. and North Korea Flex Military Muscles (BBG)
  • Le Pen's father criticizes her presidential campaign as she steps back from party (Reuters)
  • Eight Maps That Explain France’s Macron-Le Pen Election (BBG)
  • Alphabet’s Waymo Offering Families Rides in Self-Driving Cars (WSJ)

World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

World stocks hit a new record high on Tuesday, with investors still cheering Macron's victory in the first round of the French presidential election, supported by speculation about U.S. tax reform and the overnight report that Trump has conceded on the border wall, eliminating a government shutdown as a potential risk.