A $1 billion Putnam Investments fund is over-exposed to derivative trades based on fragile shopping mall mortgages, says this short bettor

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48% of net assets in Putnam's Mortgage Securities Fund are exposed to junk-rated commercial mortgages, said MP Securitized Credit Partners.
August 05, 2019   |   View Online »
 
A $1 billion Putnam Investments fund is over-exposed to derivative trades based on fragile shopping mall mortgages, says this short bettor

A $1 billion Putnam Investments fund is over-exposed to derivative trades based on fragile shopping mall mortgages, says this short bettor

Jim Edwards | 48% of net assets in Putnam's Mortgage Securities Fund are exposed to junk-rated commercial mortgages, said MP Securitized Credit Partners.

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'The greatest bubble ever': One market expert warns a relentless bull market is on the brink of crashing, and explains how to profit from its demise

'The greatest bubble ever': One market expert warns a relentless bull market is on the brink of crashing, and explains how to profit from its demise

Akin Oyedele | There are many catalysts that could soon burst the so-called bubble and lead losses for stock-market investors.

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10 books that will give new managers the self-confidence necessary to lead, motivate, and inspire their team

10 books that will give new managers the self-confidence necessary to lead, motivate, and inspire their team

Shana Lebowitz | We didn't simply stick with traditional business reads. Instead, we included novels, psychological research, and the musings of a Roman emperor.

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'Follow the bubble': Famed investor David Rosenberg breaks down the unique way he thinks the next US recession will unfold

'Follow the bubble': Famed investor David Rosenberg breaks down the unique way he thinks the next US recession will unfold

Christopher Competiello | The chief economist and strategist at Gluskin Sheff sounds the alarm on excessive corporate debt loads and weak balance sheets.

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Everything you need to know about TensorFlow, a Google-created project that's helping companies like Uber, Twitter, and Airbnb put AI in their apps

Everything you need to know about TensorFlow, a Google-created project that's helping companies like Uber, Twitter, and Airbnb put AI in their apps

Rosalie Chan | TensorFlow is an open source machine learning tool created by Google. Now, it's used by Uber, Twitter, NASA, and more. Here's why it's so popular.

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Top Oracle execs Larry Ellison, Mark Hurd and Safra Catz failed to earn all of their annual bonuses this year

Top Oracle execs Larry Ellison, Mark Hurd and Safra Catz failed to earn all of their annual bonuses this year

Julie Bort | Oracle's board say they didn't meet the business goals to earn all of their 2019 bonuses. But they'll still get paid handsomely.

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This college dropout spent 7 years building a profitable startup with no funding, then raised $230 million in his first round at a $2 billion valuation

This college dropout spent 7 years building a profitable startup with no funding, then raised $230 million in his first round at a $2 billion valuation

Shona Ghosh | Payments company Checkout.com, founded by Guillaume Pousaz, was already profitable when it became a $2 billion company.

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This VC firm managing $500 million in assets tries to invest in as few companies as possible. And it only wants startups with management teams looking for help.

This VC firm managing $500 million in assets tries to invest in as few companies as possible. And it only wants startups with management teams looking for help.

Troy Wolverton | The team at HighBar Partners has plenty of startup experience that can help its investments, said managing director Brian Peters.

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Two years after the founder of 500 startups left amid sexual harassment allegations, two women are running the firm and setting a new bar in the male-dominated business

Two years after the founder of 500 startups left amid sexual harassment allegations, two women are running the firm and setting a new bar in the male-dominated business

Megan Hernbroth | 500 Startups cofounder Christine Tsai took over as CEO after Dave McClure resigned following allegations of sexual misconduct in 2017.

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Credit Suisse has started an informal hiring freeze — and it's a sign of just how tough the Wall Street job market is these days

Credit Suisse has started an informal hiring freeze — and it's a sign of just how tough the Wall Street job market is these days

Dakin Campbell,Trista Kelley | The year's first half was on track to be the worst first half of trading for the 12 largest global investment banks since the financial crisis.

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