(Bloomberg) — Fermat Capital Management, one of the world’s largest investors in catastrophe bonds, says fears about this year’s hurricane season have already significantly dented returns. Most read by Bloomberg “Returns in May were low and even negative for many funds,” said Brett Houghton, managing director at Fermat, in an interview. “Widespread fears of a […]
(Bloomberg) — Retail investors, who hold the largest share of municipal bonds, are paying about twice the spread paid by large institutional investors when trading recently issued debt. The Municipal Securities Rulemaking Board measured the spread between prices for transactions in the primary market and recent transactions in the secondary market. The results showed that […]
Global credit rating agency DBRS Morningstar This week, the industry leader in reverse mortgages received a “good” rating Finances of America (FOA), confirming the rating assigned to the company at a similar time last year. The rating is officially classified by Morningstar as “MOR RVO2”. The agency referred to FOA’s recent business development – including […]
