This $600 Billion Bond Manager Says Don’t Count on Liquidity

Changing market structure resulting in historically low fixed income market liquidity presents challenges but also opportunities for fixed income investors Source: Bloomberg Michael Lillard, who oversees more than $600 billion as head of fixed income at Prudential Financial Inc.’s asset manager, said investors have to adjust to a market in which it’s become more difficult to…

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Top 10 Fintech Facts of 2016

Top 10 Fintech Facts According to the World Economic Forum, ‘fintech’ is the abbreviation for financial technology, a broad category that refers to the innovative use of technology in the design and delivery of financial services and products. The application of fintech cuts across multiple business segments, including lending, advice, investment management, execution and payments….

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Education Management Corp. Seeks to Reverse Ruling Protecting Minority Bondholders

Lawyers for firm say ability of businesses to restructure debt outside of bankruptcy proceedings is on the line Source: The Wall Street Journal Warning that the ability of troubled businesses to restructure their debt outside of bankruptcy proceedings is on the line, lawyers representing for-profit education company Education Management Corp. and its lenders have urged an…

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U.S. Corporate Issuance May Get Boost in Europe

McDonald’s sold $2.3 billion of euro-denominated bonds last week as U.S companies take advantage of the eurozone’s cheap debt. Source: The Wall Street Journal A giant new buyer in the corporate-bond market–the European Central Bank–is set to cement a trend of American companies issuing debt on the continent. So great may be the flood, some analysts…

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