Register
Forgot your password?
Skip Navigation Links
ABOUT US
REQUEST RESIN
RESEARCH
SUPPORT CENTER
CONTACT US
Plastics Links - Link Details
Company: Direct loan : fund
Description: The 50 shares of a collateralize loan obligation – essentially a bond made up of a basket of loans to corporations – later skyrocketed in value. By August 2014, the shares had climbed to about $55 each from the fund’s initial price of $34 in the previous November, traders said. The steep rise in the bond’s value was the result of a debt-for-equity swap done in one of the basket’s largest holdings: IXC Communications, a trader involved in the security said. There was no indication in the documents obtained by The Post that Fund Plan had received any compensation for the shares shifted to Rocky’s accounts. A spokesman for Fund Plan would not comment on the matter. Fund Plan’s $120 million Footbridge Fund has regularly posted double-digit returns since 1999 and outperformed key market indexes by investing in asset-backed bonds, or bonds whose interest comes from commercial real estate mortgages or credit card payments. Last year, the fund was up 12.4 percent. The Brothers Aggregate Bond Index was up 4.34 percent. Yet a commonly overlooked aspect of Fund Plan’s success is this: its primary auditor,
URL: http://onlineedu.informe.com/blog/2014/09/01/13/
Email:
Contact:
Address:
City: Zip:
State: Country:
Phone: Fax:
Privacy Statement | Copyright © 2020 The Plastics Exchange. LLC. | Patent Protected | All Rights Reserved.