People & Markets

  • Film director Richard Curtis: ‘the time for tinkering is coming to an end’

    Film director Richard Curtis: ‘the time for tinkering is coming to an end’

    If UK pension savers knew how their money was invested, funds would be more inclined to invest exclusively in environmental, social and governance (ESG) assets. So argues Richard Curtis, the screenwriter, director and co-founder of Comic Relief. He has launched a public campaign, Make My Money Matter, to pressure UK pension funds to invest more sustainably.

  • Critical hedge fund sees better way to do ESG

    Critical hedge fund sees better way to do ESG

    Environmental, social and governance investors have been patting themselves on the back this year because their funds have tended to outperform during the coronavirus crisis. But a San Francisco hedge fund believes they are doing a poor job of shielding investors from the general risk of the stockmarket and more quantitative methods would improve the outcome.

  • After a decade, why rush GSE reform now?

    After a decade, why rush GSE reform now?

    It can hardly be said that the process of releasing Fannie Mae and Freddie Mac out of government conservatorship has been rushed. The painstaking process has taken place over the course more than a decade and has consumed the Federal Housing Finance Agency (FHFA) through two presidential administrations. And yet, FHFA capital requirements proposals published this week for the government-sponsored enterprises (GSEs) may not go far enough to ensure their safety and soundness.

  • End of GSE conservatorship nears but CFPB ruling raises new questions

    End of GSE conservatorship nears but CFPB ruling raises new questions

    The end of government control of Fannie Mae and Freddie Mac drew one step closer this week, but a US Supreme Court ruling on the leadership structure of the Consumer Financial Protection Bureau (CFPB) raises the possibility that the course could be reversed under a new government after November's election, write Max Adams and Jennifer Kang.

  • Aegon hires fixed income CIO from Barings

    Aegon hires fixed income CIO from Barings

    Aegon Asset Management named Russell Morrison as the new global chief investment officer for its $188bn fixed income investment platform as part of its effort to form a global, unified management board.

  • UK’s non-banks deserve a saviour too

    UK’s non-banks deserve a saviour too

    The UK government allowed the growth of the non-bank sector after the global financial crisis, but during the coronavirus pandemic, it has left it to fend for itself.

  • Ares extends NSF securitzation covenant breach waiver

    Ares extends NSF securitzation covenant breach waiver

    Ares Management Corporation has agreed to extend a covenant waiver on its securitization financing for Non-Standard Finance (NSF) after initially giving the lender until June 29 to find alternative funding.

  • Mortgage REIT Two Harbors names new CEO, CIO

    Mortgage REIT Two Harbors names new CEO, CIO

    Residential mortgage REIT Two Harbors Investment Corp. has announced that Thomas Siering is stepping down as the president and CEO after over a decade with the firm, replaced by William Greenberg, former vice president and co-CIO.

  • Legislators urge relief for battered CMBS market

    Legislators urge relief for battered CMBS market

    A group of lawmakers led by Texas Republican Van Taylor has sent a letter this week to secretary of the Treasury Steven Mnuchin and chairman of the Federal Reserve Jerome Powell, urging them to address the ‘looming crisis’ in the commercial real estate market, particularly for struggling borrowers saddled with CMBS debt.

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