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Wednesday, March 30, 2011

Fee Scorecard for High-Yield Real Estate Funds

http://www.realert.com/ranks.php

Fee Scorecard for High-Yield Real Estate Funds

High-Yield Debt

WSJ: Portugal Hints at Deficit Revision

MARKETS|MARCH 30, 2011
Portugal Hints at Deficit Revision

By PATRICIA KOWSMANN

LISBON—Portugal's statistics agency said it plans to make "accounting changes" in a report to be submitted to the European Union's statistics agency by week's end, a revision that could indicate a wider 2010 budget deficit and which would further undermine the credibility of the country's embattled government.

Tuesday, March 29, 2011

Company Overview of Renshaw Bay

http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=128934879

Company Overview of Renshaw Bay

Snapshot

Company Overview
Renshaw Bay is a privately owned investment manager. The firm also provides advisory services to its clients. It primarily provides its services to funds and investment companies. The firm invests in the alternative investment markets. Renshaw Bay was founded in February 2011 and is based in London, United Kingdom.

S&P: Why CLO Market Performance Continues To Improve

Why CLO Market Performance Continues To Improve (00:08:45 min)

Performance in the collateralized loan obligation (CLO) market continues to improve, as evidenced by several positive factors. Notably, we upgraded over 30% of our CLO book in the last six to nine months. Of the CLO tranches that we rate -- roughly 4,400 -- only a few are rated 'CC' and below, and more upgrades are possible. For 2011, we expect CLO issuance of roughly $15 billion, and possibly $25 billion if significant improvement is sustained. In this podcast, Director Zachary Wolf provides an overview of CLO market activity thus far this year.

Listen

WSJ: S&P Downgrades Portugal, Greece

MARKETS|MARCH 29, 2011, 3:31 P.M. ET
S&P Downgrades Portugal, Greece

By GEOFFREY T. SMITH

LONDON—Rating agency Standard & Poor's on Tuesday delivered a damning verdict of the euro zone's new plans for resolving sovereign debt crises, downgrading two of the euro zone's most troubled member states.

CNN Money: Home prices near a double dip

Home prices near a double dip

By Les Christie, staff writer March 29, 2011: 10:51 AM ET

NEW YORK (CNNMoney) -- January home prices fell for the sixth month in a row, edging closer to a double dip.

Bloomberg: Home Prices, Consumer Confidence in U.S. Probably Fell

Related News: U.S. · Real Estate · Economy · Canada · Municipal Bonds · Currencies
Home Prices, Consumer Confidence in U.S. Probably Fell
By Alex Kowalski - Mar 29, 2011 1:00 PM GMT+0900

Residential real estate prices probably dropped in January by the most in more than a year, raising the risk that home sales will keep slowing, economists said before a report today.

Is Private Equity Getting Pickier on NPLs?

Is Private Equity Getting Pickier on NPLs?

http://www.nationalmortgagenews.com/nmn_features/private-equity-pickier-1024069-1.html

Tuesday, March 29, 2011
By Paul Muolo

Smaller, thinly capitalized investors in nonperforming mortgages could face liquidity concerns in the coming months as private equity investors begin to re-examine their commitment to the business while bolting for higher returns elsewhere.

Monday, March 28, 2011

Bloomberg: Portuguese Bailout Costs More Than Money Alone: Matthew Lynn

Related News: Economy · Finance · Law · Eastern Europe · Europe · France · India & Pakistan · Latin America · U.K. & Ireland · U.S. · Opinion · Funds · Municipal Bonds · Matthew Lynn
Portuguese Bailout Costs More Than Money Alone: Matthew Lynn
By Matthew Lynn - Mar 29, 2011 8:00 AM GMT+0900
Bloomberg Opinion

Is it 50 billion euros? Or perhaps 70 billion euros? The cost of bailing out Portugal varies according to who makes the calculation. No one will know the real price until officials from the International Monetary Fund and the European Central Bank tell us.

Bloomberg: European Bank Funding Threatened as Basel III Meets Solvency II

Related News: Europe · France · Germany · Italy · U.K. & Ireland
European Bank Funding Threatened as Basel III Meets Solvency II
By Kevin Crowley - Mar 29, 2011 8:01 AM GMT+0900

European banks are being forced to sell more long-term bonds as regulators seek to prevent another financial crisis. European insurers say their own regulator will stop them from buying such debt.