Wealth Management — Taking CLOs to new frontiers

Queen City checkup: Where leveraged finance stands at the half

LevFin summer rooftop drinks

Join us for a Mother’s Day celebration with 9fin!

Excess Spread — Trading the MFS collapse, ERM evolution

9fin | When something goes wrong in financial markets, enterprising minds often think “how can I make some money out of this”. That’s a normal and healthy capitalist impulse, and, in many situations, that impulse makes things better.

How much leverage did lenders give MFS?

As the initial reports of the administrators appointed to oversee failed bridge lender Market Financial Solutions’ various funding vehicles roll in, a picture is starting to emerge of the terms that the company’s institutional lenders were prepared to offer to finance its buy-to-let and bridge lending.

‘Colorable’ fraud and substantive consolidation claims emerge in First Brands as examiner details $700m outflows

The court-appointed examiner in First Brands’ Chapter 11 case has found that First Brands operated less as a conventional automotive parts business, and more as a liquidity-generating vehicle used to extract hundreds of millions of dollars for the benefit of its founder, Patrick James, according to the interim examiner’s report.