Published February 17, 2021, 5:10 PM
The House of Representatives investigation into the “bad loans” of owners of the ABS-CBN network with the Development Bank of the Philippines has been expanded to include similar loan issues totaling P9.55 billion that led to huge losses to the state-owned bank.
(MANILA BULLETIN FILE PHOTO)
Members of the House Committee on Good Government and Public Accountability unanimously adopted a motion for the inclusion in the on-going inquiry “bad loans” that the DBP sold to special purpose vehicles or financial companies at a loss in 2006.
The House panel also agreed to a motion made by Anakalusugan Rep. Michael Defensor for the issuance of a subpoena that will compel the DBP board and management to submit the list of private companies that failed to pay loans extended by the bank.
The Globe and Mail
Ryan Enn Hughes Published August 13, 2009
This article was published more than 10 years ago. Some information in it may no longer be current.
The is an excerpted version of a Globe Investor Magazine online feature. It ran in Friday s Globe and Mail. To read the full version click here.
When Salida Capital Corp. beat all other bidders in a charity auction last month to score lunch with Warren Buffett, the $1.68-million (U.S.) win sent a signal to Bay Street: Salida is back.
Salida, the once high-flying, resource-focused hedge fund manager known for its appetite for risk, became one of Canada s high-profile victims of last year s market meltdown when its flagship Multi Strategy Fund plunged 67 per cent and three of its hedge funds got locked up in the Lehman Brothers Holdings Inc. bankruptcy.
New Restructuring Era in Debt-Laden Gulf Sets Off Hiring Spree
Bloomberg 1/21/2021 Nicolas Parasie
(Bloomberg) The world’s biggest restructuring firms are boosting their presence in the Gulf region, anticipating a spate of turnaround work as companies succumb to the coronavirus pandemic after years of economic pain.
New York-based Alvarez & Marsal Inc., which worked on the Lehman Brothers Holdings Inc. bankruptcy, has already added three seasoned professionals to its Middle East team this year. The hires are part of an effort to expand to about 150 in the region over the next three to five years from just 10 in 2015, according to A&M’s head for the Middle East, Saeeda Jaffar.
Pimco s Devlin launches his own fund, with eye on private debt
Paula Sambo, Bloomberg News Ed Devlin, managing director of Pacific Investment Management Co. (PIMCO), speaks during the Bloomberg Canadian Fixed Income Conference in New York, U.S., on Tuesday, Sept. 26, 2017. The conference offers an in-depth look at the market for Canadian bonds. , Bloomberg
Ed Devlin, the former head of Canadian portfolio management at Pimco, has started his own investment firm focused on finding bargains in the private debt market.
The firm, called Devlin Capital and based in Toronto, is kicking off with seven people, including two portfolio managers whom Devlin has known for more than two decades: Anders Forssell, formerly of Merrill Lynch Canada, and Rich Ballew, who came from RH Trading Co. In an interview, Devlin said he may add a couple of partners over the next few months.