Wednesday, March 28, 2012

Brevan Howard, D.E. Shaw Win NYC Pension Mandates by Shaw Capital Management Factoring


Shawcapfactoring - Three New York City pension funds have showered nearly $1 billion on three hedge funds.
The pensions for the Big Apple's police, firefighters and public employees awarded $350 million mandates to Brevan Howard Asset Management and D.E. Shaw Group. Brigade Capital Management will run $200 million.
The mandates at a stroke triple the pensions' hedge fund allocation, which now totals $1.35 billion. The plans, with a combined $70 billion in assets, have a $3 billion hedge fund target.
"We have put together a hedge-fund program that will help further diversify our portfolio and guard against volatility in the market," a spokesman for New York City Comptroller John Liu said.
Two other city pensions, for its teachers and educational administrators, have no hedge fund allocations at all.

Tuesday, March 27, 2012

Greek Swaps Headed Back to ISDA Committee


Shawcapfactoring - Holders of credit-default swaps on Greek bonds shouldn’t tear up their contracts after yesterday’s ruling against a payout.

The International Swaps & Derivatives Association said the swaps hadn’t been triggered by the European Central Bank’s exchange of Greek bonds for new securities exempt from losses taken by private investors. The group will now probably be asked to determine whether collective action clauses, or CACS, being used by Greece to impel investors to participate in a wider exchange of bonds that would trigger the swaps.

“They will have to enforce CACS,” said Alessandro Giansanti, a senior rates strategist at ING Groep NV in Amsterdam. “At that point the exchange will become coercive and that will be a restructuring event for CDS.”

The 130 billion-euro ($170 billion) bailout for Greece is testing the sanctity of the market for credit-default swaps and their effectiveness as a hedge against losses on government bonds. Policy makers including former ECB President Jean-Claude Trichet have opposed paying the contracts because they’re concerned that traders will be encouraged to bet against failing nations and worsen Europe’s debt crisis.

Contracts tied to the debt of Greece signal a 95 percent probability of default.

‘Crying Out’
Such thinking is misdirected, according to Nicholas Spiro, managing director of Spiro Sovereign Strategy in London. A settlement on Greek swaps may bolster confidence in the $258 billion sovereign insurance market and help boost the government bond market, he said. Efforts to circumvent a trigger risk undermining credit markets, Spiro said.

“The sovereign CDS market is crying out for an injection of confidence because we are by no means out of the woods,” Spiro said. “It’s very important, particularly in much larger bond markets like Italy and Spain, that investors’ hedges are perceived to be credible.”

European leaders agreed to provide capital faster for the planned permanent bailout fund in a concession to international pressure to strengthen the bloc’s defenses against the debt crisis. Euro governments might pay the first two annual installments into the 500 billion-euro fund this year and complete the capitalization in 2015, a year ahead of schedule. A decision will come later today.

Interest-Rate Swaps
Elsewhere in credit markets, Wells Fargo & Co. (WFC) sold $2.5 billion of debt at almost half the relative yield that JPMorgan Chase & Co. paid last month. The global speculative-grade default rate will rise to 2.8 percent by year-end from 1.8 percent at the close of 2011, Moody’s Investors Service said. The U.S. commercial paper market contracted to the lowest level in more than a year.

The two-year interest-rate swap spread, a measure of debt market stress, fell 0.4 basis point to 25.75 basis points. The gauge widens when investors seek the perceived safety of government securities and narrows when they favor assets such as corporate bonds.

The cost of protecting company debt from default in the U.S. declined, with the Markit CDX North America Investment Grade Index, which investors use to hedge against losses or to speculate on creditworthiness, decreasing 1.3 basis points to a mid-price of 92.7 basis points. The Markit iTraxx Europe Index of companies with investment-grade ratings rose 1.5 to 128.5, according to JPMorgan Chase & Co. at 10:30 a.m. in London.

Default Swaps Fall
The Markit iTraxx Australia index decreased 5 basis points to 137, Westpac Banking Corp. prices show. That’s on course for its lowest since Aug. 5, according to data provider CMA. The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan declined 4 basis points to 157.

The indexes typically fall as investor confidence improves and rise as it deteriorates. Credit-default swaps pay the buyer face value if a borrower fails to meet its obligations, less the value of the defaulted debt. A basis point equals $1,000 annually on a contract protecting $10 million of debt.

While Moody’s is forecasting a faster default rate, the estimate is below the 4.8 percent average since 1983, the New York-based ratings firm said in a report yesterday. Standard & Poor’s is forecasting a default rate of 3.3 percent by year-end, from 1.98 percent at the close of 2011, the ratings firm also reported yesterday.

Wells Fargo
Bonds of Wells Fargo were the most actively traded U.S. corporate securities by dealers yesterday, with 175 trades of $1 million or more, according to Trace, the bond-price reporting system of the Financial Industry Regulatory Authority.

Wells Fargo issued 3.5 percent, 10-year notes that pay 150 basis points more than similar-maturity Treasuries, according to data compiled by Bloomberg. On Jan. 13, JPMorgan sold $3 billion of 4.5 percent notes, also due in 10 years, at a 270 basis-point spread, before issuing an additional $250 million of the debt five days later.

Monday, March 26, 2012

Shaw Capital Management Factoring and Financings


Shaw Capital Management Factoring News: Japan Bans Mitsubishi from Contract Bids - Mitsubishi Corp. subsidiaries have been given suspension by the Japanese government in the wake of overcharging issues.

The contract bidding suspension came after the Ministry of Defense became alert that Mitsubishi has overcharged various government agencies in their cost of expenses.

Further details about the incident were not publicized and the company is still assessing the potential impact this ban will have on their company and their affiliates.

Mitsubishi Electric Corp has announced that their business subsidiaries and an affiliate company have all got a notice this week from the Ministry of Defense of Japan. The notice states their suspension from participating in government biddings.

After it was revealed on January that Mitsubishi has overcharged the ministry along with the JAXA (Japan Aerospace Exploration Agency and the Cabinet Satellite Intelligence Center, subsidiaries of Taiyo Musen, an equity affiliate and Mitsubishi Electric (which includes Mitsubishi Space Software, TOKKI Systems Corporation and Mitsubishi Precision) the involved firms have informed the MOD about the overcharges only today.

Through internal investigation, it was discovered that they have also charged more for the ministry by altering records of work across various orders.

The impact of this incident on Mitsubishi’s consolidated market performance still remains uncertain but the firm plans to announce what the public should be alert of as soon as the condition is understood better.

Wednesday, March 14, 2012

World Headlines: Shaw Capital Management - Livejournal

http://dionsuddle.livejournal.com/3234.html


A new study led by a NASA  scientist features 14 key air pollution control measures that, if implemented, could sluggish the pace of global warming, improve health and increased agricultural production.
The research, led by Drew Shindell of NASA’s Goddard Institute for Space Studies (GISS) in New York City, found out that focusing on these measures could slow mean global warming 0.9 ºF (0.5ºC) by 2050, boost global crop yields by up to 135 million metric tons per season and could stop hundreds of thousands of premature deaths each in every year. While all regions of the world would benefit, countries in Asia and the Middle East would see the biggest health and agricultural gains from emissions reductions.
“We’ve shown that implementing specific practical emissions reductions chosen to maximize climate benefits also would have important ‘win-win’ benefits for human health and agriculture,” said Shindell. Shindell together with the international team considered about 400 control measures based on technologies assessed by the International Institute for Applied Systems Analysis in Laxenburg, Austria. According to Shaw Capital Management News, the new study centers on 14 measures with the utmost climate benefit. All 14 would restrain the release of either black carbon or methane, pollutants that exacerbate climate change and human or plant health, either directly or by leading to ozone structure.
Methane, a colorless and flammable substance that is a major constituent of natural gas, is both a potent greenhouse gas and an important precursor to ground-level ozone. Ozone, a key component of smog and also a greenhouse gas, damages crops and human health.
While carbon dioxide is the primary driver of global warming over the long term, limiting black carbon and methane are complementary actions that would have a more immediate impact because these two pollutants circulate out of the atmosphere more quickly.
Black carbon, a product of burning fossil fuels or biomass such as wood or dung, can deteriorate a large number of respiratory and cardiovascular diseases. The small particles also absorb radiation from the sun causing the atmosphere to warm and rainfall patterns to shift. In addition, they darken ice and snow, reducing their reflectivity and hastening global warming.
Shindell and his team concluded that these control measures would provide the greatest protection against global warming to Russia, Tajikistan and Kyrgyzstan, countries with large areas of snow or ice cover. Iran, Pakistan and Jordan would encounter the most improvement in agricultural production. Southern Asia and the Sahel region of Africa would see the most beneficial changes to precipitation patterns.
The south Asian countries of India, Bangladesh and Nepal would see the largest reductions in premature deaths. The study estimates that globally between 700,000 and 4.7 million premature deaths could be prevented each year.
Black carbon and methane have many sources. As being mentioned on Shaw Capital Management News, Plummeting emissions would have needed of that societies make multiple infrastructure upgrades. For methane, the key strategies the scientists considered were capturing gas escaping from coal mines and oil and natural gas facilities, as well as dipping leakage from long-distance pipelines, preventing emissions from city landfills, upgrading wastewater treatment plants, aerating rice paddies more, and controlling emissions from manure on farms.
For black carbon, the strategies analyzed include putting up filters in diesel vehicles, keeping high-emitting vehicles off the road, upgrading cooking stoves and boilers to cleaner burning types, installing more efficient kilns for brick production, upgrading coke ovens and banning agricultural burning.
The scientists used computer models developed at GISS and the Max Planck Institute for Meteorology in Hamburg, Germany, to represent the impact of emissions reductions. The models showed extensive benefits from the methane reduction for the reason that it is evenly distributed throughout the atmosphere. Based from the Shaw Capital Management News, Black carbon falls out of the atmosphere after a few days so the benefits are stronger in certain regions, especially ones with large amounts of snow and ice.
“Protecting public health and food supplies may take precedence over avoiding climate change in most countries, but knowing that these measures also mitigate climate change may help motivate policies to put them into practice,” Shindell said. The new study builds on a United Nations Environment Program/World Meteorological Organization report, also led by Shindell, published last year.
“The scientific case for fast action on these so-called ‘short-lived climate forcers’ has been steadily built over more than a decade, and this study provides further focused and compelling analysis of the likely benefits at the national and regional level,” said United Nations Environment Program Executive Director Achim Steiner.

Sunday, March 11, 2012

Shaw Capital Management News: Top Tips in Selling your Old Mobile Phone

http://shaw-capitalmanagementfactoring.com/2012/03/shaw-capital-management-top-tips-in-selling-your-old-mobile-phone/

Countless of outdated mobile phones languish in cupboards and drawers across the UK, and there are dozens of websites that will offer you cash for old handsets – but are you getting a good deal, watch out for scams online. Good thing we have Shaw Capital Management here to keep you updated. In offering money for a used, frequently useless phone, mobile phone ‘recycling’ companies usually sell of those handset devices rather than recycling it in order for them to provide a unique perfect service. The process goes like this; Customers will enter to- the make and model of their phone, its condition, and some personal details into a website. A quote appears and the company sends out a freepost envelope. Pop the phone in the envelope, then the Customers will send it back to the company and within a few days the money will arrive via cheque or in your bank account. At least, that is how it is supposed to work. But if customers are not careful they can end up with a bad deal – or nothing at all. To test the market, one of the customers searched online and found what appeared to be a good offer: £65 for his old phone – a handset he had bought three years ago. He posted it and waited for the bank transfer. But after Cash4Phones examined his used phone, He got an email informing that “excessive wear and tear” meant the company could only give him £39.33.He had five days to accept. After He complained – the phone is virtually free of scratches and the screen is intact – the company upped its offer to the original price. On one popular phone recycling forum, we found close to a hundred similar complaints about Cash4Phones offering less than its original quote because of “wear and tear” – far more than nearly any other company. Most of the complaints appeared to be resolved on the forum after Cash4Phones increased its offer, and the company says online forums are skewed towards people who are dissatisfied. It says it has many more customers who are perfectly happy with their service and who do not complain. But in view of the said offer of the recycling company which offers less than its original quote once it receives the phone is ordinary. In addition, Brian Turner of Techwatch.co.uk says a significant proportion of phones offered to recycling companies get lower offers when the company cites some kind of damage. Based from Mr. Taylor one the study made by the recycling company two years ago found that about 20% of phones were marked down in this way. Here are some tips in selling your unwanted mobile from Shaw Capital Management; § Don’t say yes to the first offer – shop around on the High Street and online using price comparison sites § Ask friends for personal recommendations and read online reviews of mobile recycling companies § If a company will not pay the price it initially quoted, challenge them § If using an online mobile recycling firm, do not send your phone to them using freepost envelopes – send it recorded delivery in case it goes missing § See what your phone is selling for on online auction sites – this might be your best deal

Wednesday, February 29, 2012

Shaw Capital Management Factoring News

http://shawcapfactoringnews.multiply.com/

Shaw Capital Management and Financing provides export trade financing to clients in every major world market and can convert accounts receivable finance transactions in 17 currencies. We have no minimum or maximum monthly volume requirements. Other factoring companies require a financial commitment for the amount of freight bills you factor each month. Our highly skilled team provides full administrative support – including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!

Monday, February 27, 2012

Shaw Capital Management Factoring and Financings

http://www.yelp.com/biz/shaw-capital-management-factoring-and-financings-baltimore


Shaw Capital Management Factoring and Financings

1 review
Category: Investing
P.O. Box 17078 Baltimore, MD 21297Baltimore, MD 21297(410) 684-2728

One review for Shaw Capital Management Factoring and Financings

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  • Review from Sean G.

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    • Sean G.
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    2/27/2012 First to Review
    Shaw Capital Management and Financing provides export trade financing to clients in  every major world market and can convert accounts receivable finance transactions in 17 currencies. We have no minimum or maximum monthly volume requirements.  Other factoring companies require a financial commitment for the amount of freight bills you factor each month. Our highly skilled team provides full administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more! With Shaw Capital Management and Financing, you get paid in full minus our fee the day we receive your freight bills. Other factoring companies holdback 10 to 15 percent of your money or more for each invoice in a reserve account. That reserve amount is not immediately provided to your company. In the end, you receive part of that percentage back, depending on how long it takes the factoring company to receive payment on the invoice.