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Thursday, February 17, 2011

Former JPMorgan Executive Starts Advisory Firm

http://dealbook.nytimes.com/2011/02/17/former-jpmorgan-executive-winters-starts-advisory-firm/

FEBRUARY 17, 2011, 6:49 AM

Former JPMorgan Executive Starts Advisory Firm
BY JULIA WERDIGIER

William T. Winters, a former senior executive at JPMorgan Chase, has teamed up with the investment firms of Jacob Rothschild and the South African billionaire Johann P. Rupert to set up an asset management and advisory firm in London.

Bill Winters to Establish Renshaw Bay, a Global Alternative Asset Management and Advisory firm, in Partnership with Lord Rothschild's RIT and Mr Johann Rupert's Reinet

http://www.ritcap.com/news-item?item=583915836327601

RNS Number : 3765B
RIT Capital Partners PLC
17 February 2011

17 February 2011

RIT Capital Partners is pleased to announce its participation in the launch of a new global alternative asset management and advisory company and the intention to appoint Bill Winters, formerly Co-Chief Executive Officer of J P Morgan Investment Bank, as a non-executive director of RIT. The announcement released today by the new venture is reproduced in full below:

Bill Winters to Establish Renshaw Bay, a Global Alternative Asset Management and Advisory firm, in Partnership with Lord Rothschild's RIT and Mr Johann Rupert's Reinet

Bill Winters, formerly the Co-Chief Executive of JP Morgan Investment Bank, has teamed up with RIT Capital Partners plc, chaired by Lord (Jacob) Rothschild and Reinet Investments SCA, chaired by Mr Johann Rupert, to set up a new global alternative asset management and advisory company, Renshaw Bay. Mr Winters will become Chairman and Chief Executive, with Lord Rothschild and Mr Rupert joining as Directors.

Bill Winters Gets Rothschild Funding for Renshaw Bay

Bill Winters Gets Rothschild Funding for Renshaw Bay
By Simon Clark - Feb 17, 2011

Bill Winters, the former co-chief executive officer of JPMorgan Chase & Co.’s investment bank, started an asset management and advisory firm with funding from Jacob Rothschild’s RIT Capital Partners Plc.

http://www.bloomberg.com/news/2011-02-17/bill-winters-gets-rothschild-funding-for-renshaw-bay-update2-.html

Tuesday, February 15, 2011

How Shifting Trends In Cable And Wireless Markets Are Shaping The U.S Telecom Industry

How Shifting Trends In Cable And Wireless Markets Are Shaping The U.S Telecom Industry (00:08:35 min)

Although Standard & Poor’s outlook on U.S. telecom and cable companies is stable for 2011, major industry shifts could affect credit quality. In this podcast, credit analysts Naveen Sarma and Michael Senno discuss some of the key issues confronting these issuers. Topics include Internet-based alternatives to cable, the possible effects of 4G networks and the impact of Verizon’s iPhone on the wireless market, and the potential credit implications for companies this year.

Listen

SocGen's Greek unit Geniki says 2010 loss widens

ATHENS | Tue Feb 15, 2011 10:58am EST

Feb 15 (Reuters) - Geniki Bank (GHBr.AT), majority-owned by France's Societe Generale (SOGN.PA), said on Tuesday its losses more than tripled last year as Greece's economic woes caused a jump in bad debts.

Key Takeaways From The American Securitization Conference 2011

Structured Finance Research Week: Key Takeaways From The American Securitization Conference 2011 (00:05:38 min)

In this CreditMatters TV segment, Standard & Poor's Howard Esaki, head of Global Structured Finance Research, reviews the major issues discussed at the recent American Securitization conference in Orlando, Fla. Topics include the outlook for ABS and RMBS issuance in 2011, prospects for the U.S. economy, the residential real estate market, and banking.

Watch

Monday, February 14, 2011

North American Engineering And Construction Companies Should Hold Up Well In 2011

North American Engineering And Construction Companies Should Hold Up Well In 2011 (00:08:13 min)

After a taking a number of positive rating actions on many North American engineering and construction companies in 2010, Standard & Poor’s expects the sector’s credit quality to remain stable this year. In this CreditMatters TV segment, Standard & Poor’s Associate Director Robyn Shapiro and Director Dan Picciotto discuss the sector’s resilient performance throughout the recession and why it should perform well in 2011. Other topics include some of the major players and the risks facing the sector.

Watch

Friday, February 11, 2011

Hedge fund Level Global to liquidate funds

FEBRUARY 11, 2011, 12:38 P.M. ET
Hedge fund Level Global to liquidate funds

Associated Press

NEW YORK — One of several hedge funds that is under scrutiny in an insider trading probe is liquidating its funds and returning cash to investors.

Level Global Investors LP expects to fully liquidate by the end of March, according to a letter to investors obtained by The Associated Press on Friday.

Greek bank Emporiki's losses up, provisions jump

Greek bank Emporiki's losses up, provisions jump

Fri Feb 11, 2011 11:27am EST

Emporiki full-year 2010 loss at 874 mln euros

*Loan-loss provisions up 55 pct, reach 1 bln euros

ATHENS, Feb 11 (Reuters) - Greek bank Emporiki (CBGr.AT), majority-owned by France's Credit Agricole (CAGR.PA), said on Friday full-year 2010 losses widened 50 percent to 874 million euros ($1.18 billion) on higher provisions.

Monday, February 7, 2011

What’s Behind S&P’s Stable Outlook For U.S. Municipal Water And Sewer Utilities

What’s Behind Standard & Poor’s Stable Outlook For U.S. Municipal Water And Sewer Utilities (00:09:17 min)

Standard & Poor’s believes that the U.S. municipal water, sewer, and drainage utility sector is likely to enjoy continued rating stability this year, despite regulatory and financing concerns. In this podcast, credit analyst Ted Chapman discusses the rationale behind our thinking, the sector’s ratings universe, how climate, hydrology, and water supplies can affect credit quality, and more.

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