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Bruce Cockburn: 50 years of music, spirituality and social justice | SaltWireLONDON - Former Odey Asset Management portfolio manager James Hanbury has taken short positions against private equity, which will likely struggle to finance and refinance deals as company valuations fall and rates rise, a letter seen by Reuters said.
Higher interest rates have increased debt payment costs that will pressure companies, drain their cash flows and depress their valuations, the investor letter said. The WS Lancaster Absolute Return Fund currently has its main short positions in the Russell 2000 index, of which 40% of the companies are loss-making, the letter said.This position made a good performance and added to the fund's positive September returns. Short positions on single named stocks may be added now that the fund has migrated from Odey Asset Management to Lancaster Investment Management and set up lending relationships with its prime brokerages, the letter said.
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Feds, Atlantic premiers meeting in Ottawa as Atlantic Loop project teetersOTTAWA — Energy Minister Jonathan Wilkinson is meeting in Ottawa today with the premiers of Nova Scotia and New Brunswick, seeking an agreement to help the two provinces get off coal power by the end of the decade.
Read more »
Feds, Atlantic premiers meeting in Ottawa as Atlantic Loop project teetersOTTAWA — Energy Minister Jonathan Wilkinson is meeting in Ottawa today with the premiers of Nova Scotia and New Brunswick, seeking an agreement to help the two provinces get off coal power by the end of the decade.
Read more »
Feds, Atlantic premiers meeting in Ottawa as Atlantic Loop project teetersOTTAWA — Energy Minister Jonathan Wilkinson is meeting in Ottawa today with the premiers of Nova Scotia and New Brunswick, seeking an agreement to help the two provinces get off coal power by the end of the decade.
Read more »
Feds, Atlantic premiers meeting in Ottawa as Atlantic Loop project teetersOTTAWA — Energy Minister Jonathan Wilkinson is meeting in Ottawa today with the premiers of Nova Scotia and New Brunswick, seeking an agreement to help the two provinces get off coal power by the end of the decade.
Read more »
Feds, Atlantic premiers meeting in Ottawa as Atlantic Loop project teetersOTTAWA — Energy Minister Jonathan Wilkinson is meeting in Ottawa today with the premiers of Nova Scotia and New Brunswick, seeking an agreement to help the two provinces get off coal power by the end of the decade.
Read more »