According to the FT source, 70 percent of the O’Connor fund with exposure to First Brands is expected to be monetized by year-end. In addition, a «High Grade» invoice finance fund that had no exposure to First Brands will also be liquidated. The total assets of this fund, amounting to around $600 million, are to be liquidated by the end of the year. In the financial industry, concerns about corporate financing, insolvencies, and bad debt have been increasing. Since many of these debts are securitized in various financial instruments, the effects can be far-reaching. https://www.finews.com/news/english-news/70057-ubs-o-connor-frist-brands-fonds-liquidation-swiss-banking-finance-place-2 the interesting piece is why the second "high-grade" fund that had no exposure to first brands is being liquidated. "high-grade" is basically supposed to mean there shouldn't be losses for the fund. it might be because investors aren't so confident in the "high-grade" rating and were spooked into asking for their money back

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At least we ended the week with a bit o excitement

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Hey Alexa play Never Saw It Coming by O Zorn!

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M A N I P U L A T I O N

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# L O L

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O. I know I know… 💃💃💃🤣

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#S/O to Fullport Fridays! 🥳🥳

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TACO YOU GOT THIS JUST A GOOD TIMET O BUY TWEET ALL WE NEED

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PSA: NO CRYING IN THE CASINO

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Unlike January of this year, I actually hedged properly this time. Other than the meme stocks the ports are doing o-k for the size of this dump.

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