Nick Guerriero’s Post

'No story to tell' I've heard from more than one fund salesperson this week that they know peers in this position. In fact the first time I heard this phrase was 2022. That's a long time with nothing to say! Of course, sectors go in cycles but we are still in a time when a number of active asset managers do not have a good news story. If so, it must be demoralizing. They'll have been little in bonuses - fairly perhaps - but not for want of defensive effort handholding clients. Will we see more looking to pivot into private assets or passive? On the flip side, we could be near a tipping point. A little good news, rate cuts, and clients will re-risk. One person speculated that when that happens, not only will it put flows back into asset managers' coffers, but will support (or inflate) asset prices as that money floods back in from money market funds etc. Maybe that's a reason to get back in now (I would be saying if I worked in fund sales).

⚠️I work for a fund on a self-employed contract which I need to buy myself out of to move to a new firm. Can this be done?⚠️ 📖Case Study📖: Further advance / Buyout self-employed contract / Switch to employed 🤔The challenge🤔: Our client worked for a proprietary trading fund and had restrictive financial covenants in his self-employed contract. In order to move to a more lucrative employed position, he needed to buy himself out of the contract. 🔎The solution🔎: We got the existing lender comfortable with what was required and why. This meant we could get the further advance he needed to buy himself out, and move to an employed contract which improved his financial remuneration significantly. 💡After thought💡: We come across many complex situations, especially in the City with traders and fund manager clients. Understanding the intricacies of their contracts allows us to explain the situation to lenders so they can full understand what is being asked for. Sometimes we act as financial translators! 🖥️ Contact Us: www.helixfp.co.uk/contact/ [email protected] Adam Stiles David Turner Ross Vasani CeMap Meriam Alnaman Kerry Clarke

💣 Urgent Live Quant Finance and High Frequency Trading Jobs 💣 Please see below some of the live roles I currently am working on for my globally renowned Quant prop shop and HFT clients. This list below is not exhaustive of the roles I am currently working and will be sharing more roles over the next few days so please get in touch if any of these are in line with your expertise. [email protected] #quantfinance #deeplearning #machinelearning #newjobs #amsterdam #hft #trading #researcher #equities #stockmarket #financialderivatives #capitalmarkets

Deal updates on the Dealscribe platform this week: Executed doc changes: 610 Funding CLO 2 - Anchorage Capital Group, L.L.C. $324 million partial refinancing of class A to class C (excluding class A-2-R-2B). class X has been repaid in full. Includes amendment to the definition of Reference Rate. Non-call period for the refinanced notes is 0.75 years. Ares XXXVII CLO - Ares Management Corporation $437 million refinancing of classes A-1-R and A-3-R to C-R. Class A-2-R has been redeemed. Includes amendment to the classes eligible for repricing. Non-call period for the refinanced notes is 0.5 years. Cathedral Lake VII - WhiteStar Asset Management $339.8 million partial refinancing of class A to class E. The class A loans are no longer outstanding. Includes amendments to the definition of Reference Rate and to section 7.15. Non-call period for the refinanced notes is 0.5 years. Clonmore Park CLO - Blackstone Amendment to the coverage test table in schedule 17 of the collateral management and administration agreement to correct an error. Dryden 40 Senior Loan Fund - PGIM $475.5 million partial refinancing of class A-R to class C-R. class A-R has been split into class A loans and class A-R2. Amendments include Fitch no longer rating the notes and the WAL test floor being changed from 2 to 0. non-call period is 0.5 years. Sound Point CLO XXI - Sound Point Capital Management, LP $315 million partial refinancing of class A-1. Includes amendment to the definition of Benchmark. Non-call period for the refinanced notes is 0.5 years. Symphony CLO XX - Nuveen, a TIAA company Updated third supplemental indenture to include the definition of Reference Rate. TCW CLO 2022-1 - TCW Amendment to the definition of Class X Principal Amortization Amount. Trinitas CLO VI - WhiteStar Asset Management $437.5 million partial refinancing of class A-RR. Includes amendments to the definitions of Administrative Expenses, Benchmark Rate and to the EU and UK Transparency Reporting requirements. Non-call period for the refinanced notes is one year.   Discover more on www.dealscribe.com #realintelligence #CLOdocservice #thedevilisinthedetail

Not Your Usual Running Is front running a finance term? Yes. Vikram, a trader, learned about a large client order to buy shares. Before executing the client's order, Vikram bought shares for his own account, driving up the price. He then sold his shares at a profit once the client's order pushed the price higher. What is Front Running? > Front running is an illegal practice where brokers or fund managers use inside information about client orders to make personal trades and profit from expected price changes. Why are we learning this? > Quant Mutual Fund saw rapid growth in assets under management (AUM) > However, SEBI is now investigating potential front running activities within the fund > Quant has given exceptional returns over the past few years, so this remains challenging > Recently, Axis Mutual Fund was caught in a front running, highlighting the seriousness of this issue How it affects you? > If you are an investor in any schemes of Quant, there is little reason to leave quant Mutual Fund based on current information > The situation might not turn ideal, but it's best to wait and see > Rapid growth is commendable, but ethical practices are crucial Like and Follow for more

Real estate investors and developers who use LLCs or LPs to manage ownership of a project should take particular note. Many joint ventures, syndications and single-purpose entities created for real estate deals, except for some subsidiaries that are 100 percent owned and controlled by an exempt entity, will need to report. A company would be wise to review each single-purpose entity on a case-by-case basis to determine if an exemption applies. Read Below https://lnkd.in/edjCXMPW

🚨 When should you move to the buy side?  🚨  ⭐(1 min watch) ✔️ Start early - funds are hiring earlier and earlier ✔️ Compromise - be flexible for the right buy-side opportunity ✔️ Why? If you don't it will be very hard to move later... 💬 Is there anything I missed? ✍️ What is your view on/advise to juniors looking to make this transition?  #privatedebt #privatecredit #specialsituations #secondaries #leveragedloans #directlending #leveragedfinance #structuredcredit #creditopportunities #privateequity

Systematic credit investing experienced rapid growth in recent years, fueled by increased availability of historical bond-level pricing data, introduction of electronic execution in credit markets and entry of equity-only shops to the space. Given the proliferation in the number of systematic signals (either imported from equities or originating in credit), it is increasingly important for investors to process and synthesize the data effectively. I’ve been extremely active in the build out of systematic credit teams within recent years. If you’re interested in developing your systematic credit team, or would like to join the rapid growth and development of it within the hedge fund, asset management and banking space, please reach out to me directly to discuss options and opportunities. #systematictrading #credit #quantitative

🚫Ever had to Turn Down a case 🚫? Protect yourself and conduct due diligence by adding an asset report to your TD process. An asset report reveals if there are money/assets 🏠🚤🚗💵 to collect, showing your client you genuinely tried and provided the due diligence they deserve. Or… you could turn it down with out doing due diligence 🧐 Contact us today to find out how we can help you with asset searches! #LANCASinvestigations #PrivateInvestigators #Legalinvestigator #AssetReport

In real estate, you're either in PE/ownership of the asset or you're in lending/debt and or equity with no asset ownership. There are pros and cons to each, so learn about those differences before you go pull the trigger on buying a property or making an investment in one as a lender.