Risk
Weak Companies’ Low-Yielding Bonds Set to Hit Maturity Wall
Risk grows as a raft of junk-rated issuers, paying modest interest, must refinance their debt at much higher rates.
Tag: Bankruptcy
Research
Hedge Funds Aimed at Ailing Companies Will Do Well, Agecroft Says
A report sees higher rates and a weakening economy pushing firms into bankruptcy or restructurings.
Regulation
Canada Passes Pension Bankruptcy Protection Bill
Bill will make plan members top priority when a company becomes insolvent.
Newsmakers
Sequoia Capital, Thoma Bravo, Paradigm Sued for Touting FTX
Investment firms allegedly made ‘deceptive and misleading statements’ to promote the failed crypto exchange.
Risk
Crypto Bloodbath Won’t Stop Spreading, as Some Lose the Right to Their Money
A bankruptcy judge’s ruling against customers in the Celsius case is the latest blow.
Newsmakers
This Local Pennsylvania Police Pension Fund Is About to Run Out of Benefits. How Did That Happen?
The pension board is accused of opening the doors for pension spiking.
Risk
What Public Pensions Can Learn From Puerto Rico’s Bankruptcy Crisis
Puerto Rico ERS’ collapse could have been avoided, an industry expert says.
Risk
Trader Is Accused of Speculative Trading That Bankrupted His Employer
Keith Wakefield allegedly lost $30 million from unauthorized risky bond trades, which forced IFS Securities to go out of business.
Regulation
Hedge Fund Founder Pleads Guilty to Neiman Marcus Bankruptcy Fraud
Daniel Kamensky pressured a rival investor to drop its bid for assets he wanted on the cheap.
How Distressed Investors Are Getting Ready for Business Failures
Washington stimulus has delayed the bankruptcy parade. But it’s coming fast.
Why Natural Gas Is the Energy Investment of the Future
Renewable sources like wind and solar may not be enough. Pension plan investors weigh the odds.
Market Moves
Ackman Bets Against Junk Bonds, Now Resurgent
Hedge fund honcho thinks dragged-out economic recovery will harm high-debt companies.
Alternatives
PE-Related Bankruptcy Filings Soared in May
Too much debt and the virus economic slide harmed companies such as Hertz and J. Crew.
Opinion
Op-Ed: U.S. Public Pension Underfunding—Don’t Make the Same Mistake Thrice
As some lawmakers suggest states consider declaring bankruptcy, governments will be tempted to cut back on pension contributions. Amundi Pioneer senior adviser Charles E.F. Millard urges them not to do so.
Risk
Newspaper Company McClatchy Halts Retirement Payouts After Chapter 11 Filing
Company negotiating with PBGC to take over benefit payments amid a new company-wide restructuring plan.