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Search resuls for: "Astra Asset Management"


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At his state-of-the-nation address on Thursday, Putin pledged plans to improve living standards in Russia. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Putin's promises could cost Russia $130 billion more than its current budget, according to analysts' estimates, per Bloomberg. Putin called on Russians to have more babies last month to "survive as an ethnic group."
Persons: Putin, , Vladimir Putin, There's, aren't, Dmitry Polevoy, Putin —, Polevoy Organizations: Service, Bloomberg, Putin, Reuters, London, Astra Asset Management Locations: Russia, Moscow, Ukraine
REUTERS/Hannah McKay/File PhotoSummarySummary Companies Pension funds still need to raise cashCredit funds pick up bargains from pension fund salesSome credit funds already sitting on profitsLONDON, Nov 18 (Reuters) - Credit funds at Blackstone, Apollo, DZ Bank and Astra Asset Management picked up bargains from UK pension funds during their scramble for cash, and some say pension schemes are still offloading assets as pressures persist. Hedge funds and private equity firms have taken advantage of the forced sales to snap up deals - including certain portions of collateralised loan obligations (CLOs), securities that pension funds invest in. The credit funds are already sitting on juicy profits on some of these trades. This is because these pension funds must match their portfolios to what they will owe retired members. Even though the markets have calmed, some pension funds are still dealing with the implications," said Mody.
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