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Top related persons:
John McClain - 3 Michael Jackson’s - 1 Jackson - 1 A.E.G - 1 John Branca - 1 ’ - 1 Bill Zox - 1 aren't - 1
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Los Angeles Brandywine Diamond Columbus , Ohio Puerto Rican Wells Fargo
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Court - 1 People - 1 Brandywine Global - 1 Credit Fund - 1 ICE - 1 U.S - 1 SEC - 1 Morningstar - 1

Search resuls for: "John McClain"


3 mentions found


☆ Michael Jackson Died With $500 Million in Debt
  + stars: | 2024-06-28 | by ( Reggie Ugwu | More About Reggie Ugwu | ) www.nytimes.com   time to read: +1 min
Michael Jackson’s debts and creditor’s claims at the time of his death in 2009 totaled more than $500 million, according to a court filing by the pop superstar’s estate that provides details of his financial woes toward the end of his life. Jackson owed about $40 million to the tour promoter A.E.G., according to the filing, which was made in Los Angeles County Superior Court this month and earlier reported by People magazine. The filing said that 65 creditors made claims against the singer after his death, some of which resulted in lawsuits, and that some of his debt had been “accruing interest at extremely high interest rates.”A representative for the Jackson estate, which is executed by John Branca and John McClain, did not immediately respond to a request for comment. The estate filed the court papers as a request to authorize the payment of about $3.5 million to several legal firms for their work in the second half of 2018. In the court filing, the executors say that they have eliminated the estate’s debt and that almost all of the creditors’ claims and litigation have been resolved.
Persons: Michael Jackson’s, Jackson, A.E.G, John Branca, John McClain, ’ Organizations: Court, People Locations: Los Angeles
☆ This Morningstar 5-star rated high-yield fund seeks to 'stand out by not fitting in'
  + stars: | 2024-02-12 | by ( Michelle Fox | ) www.cnbc.com   time to read: +5 min
Their Corporate Credit Fund, which trades under the ticker BCAAX for retail investors, largely focuses on high-yield bonds. The fund currently holds a little over 70% in high-yield bonds, 10% in cash and about 18% in investment-grade bonds. Another inefficiency the managers exploit is the area between low investment-grade bonds and the higher-rated high-yield market, Zox said. Investment-grade portfolio managers are shying away from the lower rated end of the investment-grade market, and high-yield managers are sticking with the higher rated end of the high-yield market, he explained. "We find better values in the lower rated part of the investment-grade market than the higher rated part of the high-yield market," Zox said.
Persons: John McClain, Bill Zox, aren't, Morningstar, McClain, BCAAX, Franklin Templeton, Zox, We're, they're, Wells, it's Organizations: Brandywine Global, Credit Fund, ICE, U.S, SEC, Morningstar, Brandywine, JPMorgan, Citi, Banco Popular, Investment, — Vector, Vector Group Locations: Brandywine, Diamond, Columbus , Ohio, Puerto Rican, Wells Fargo
☆ Credit Markets Are Creaking, Creating Economic Uncertainty
  + stars: | 2023-07-26 | by ( Joe Rennison | Jeanna Smialek | More About Joe Rennison | ) www.nytimes.com   time to read: +2 min
“Most of us have been wrong on the timing of things going bad, and right now there is really not much of a problem. That means it can be years before a company needs to refinance those bonds at higher interest rates. The longer inflation remains elevated, the longer interest rates will also stay high, meaning that an increasing number of companies could be forced to shoulder higher borrowing costs. Their latest economic projections suggested that interest rates could be hovering near 4.6 percent at the end of 2024. That would be lower than where they are now, but still a big change after years of near-zero interest rates.
Persons: “, ”, John McClain Organizations: Brandywine Global Investment Management
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