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Der Markt für Collateralized Loan Obligations (CLOs) wächst weiter ungebrochen. „Er umfasst inzwischen 1,3 Billionen Dollar“, sagt Ines Bartsch, Inhaberin und Geschäftsführerin der Investment-Boutique CIS Asset Management aus Eschborn. Sie und Ihr Bruder Paavo Bartsch, ebenfalls Inhaber und bei CIS AM für den Vertrieb zuständig, erklären im 87. Hedgework Talk im Gespräch mit Uwe Lill den Markt, seine Besonderheiten und wie er sich 2025 entwickelte. „Auf der Aktivseite eines CLOs stehen 150 bis 250 dinglich besicherte Kredite“, erklärt Paavo Bartsch die Struktur. 70 Prozent der in den USA begebenen börsennotierten Unternehmensanleihen werden von CLOs gehalten. „Auf der Passivseite, der Finanzierungsseite, stehen die verschiedenen Tranchen“, sagt Bartsch. Ganz oben ist die Triple-AAA-Tranche, die sicherste und am niedrigsten verzinste Tranche. Über AA geht es hinab bis zur Equity-Tranche. „Hier sammelt sich die höchste Rendite“, weiß Bartsch. „Aber auch das höchste Risiko.“ Historisch gewachsen ist der CLO-Markt auf der Nachfrageseite von großen institutionellen Playern dominiert. Aber mit dem Aufkommen der ETFs auch in diesem Segment werden auch andere Kundenschichten angesprochen. „Der CLO-ETF-Markt ist von 2024 auf 2025 um 13 Milliarden Dollar auf 40 Milliarden Dollar gewachsen“, weiß Ines Bartsch. Erfahren Sie in diesem Podcast, wie der Ausblick für 2026 ist, ob die weltwirtschaftlichen Turbulenzen Auswirkungen auf die Ausfallraten haben und wieviel Investoren mit der Anlageklasse typischerweise verdienen können. Viel Spaß und Erkenntnisgewinn beim Reinhören.
Mehr als drei Millionen neue Dokumente umfasst die letzte Tranche der Epstein-Akten. Was steht drin?
Das US-Justizministerium hat sie letztes Wochenende veröffentlicht: drei riesige Datensätze, die im Zusammenhang mit Jeffrey Epstein stehen. Trotz allem sind rechtliche Konsequenzen unwahrscheinlich - warum, das erklärt Auslandredaktorin Isabelle Jacob in dieser Folge von NZZ Akzent. Es soll die letzte Tranche der Epstein-Files sein. In den neuen Dokumenten kommen Namen vor, die bisher noch unbekannt waren. So sind auch europäische Aristokraten oder ehemalige Regierungsmitglieder in den Akten zu finden: die norwegische Kronprinzessin Mette-Marit etwa oder der frühere slowakische Aussenminister Miroslav Lajcak. Schon früher war bekannt, dass Ex-Präsident Bill Clinton in den Dokumenten auftaucht. Auch Bill Gates, der ehemalige Prinz Andrew sowie Google-Gründer Sergey Brin tauchen mit Namen und auf Fotos auf. Das sei zwar unappetitlich und verwerflich, «aber eben, strafrechtlich nicht relevant», so Jacobi. Gast: Isabelle Jacobi, Auslandredaktorin Host: Alice Grosjean Nachlesen kannst du Isabelles Kommentar in der NZZ: https://www.nzz.ch/meinung/bei-der-ausschlachtung-der-epstein-files-sitzt-trump-am-laengeren-hebel-ld.1923082 Eine Übersicht zu allen Artikel, die die NZZ rund um die Epstein-Files publiziert, findest du her: https://www.nzz.ch/themen/jeffrey-epstein Und ein Probeabo gibt's [hier](https://abo.nzz.ch/nzz-ch-probeabo-digital/).
Myriam Chaperon – Caviste – Tranche de vie Installée depuis 9 ans dans le centre de Lyon, Myriam a créé la cave Récoltant Manipulant. Cette année elle baisse le rideau, pour de bonnes raisons. Nous sommes allés à sa rencontre et avons interrogé son parcours, revisité son métier de commerçante et son rôle dans le quartier.
Au programme de l'émission du 21 janvier 2026 : avec Emile Nouveau, directrice du Studio des Ursulines ; et avec Jean-François Le Corre, du studio de production Vivement lundi !En ouverture de l'émission, lecture du (long) communiqué des libraires de la librairie Violette and co (Paris, 11) : “Violette and co, perquisitionnée, une dérive autoritaire, inédite et préoccupante“.JE VEUX UNE BD ET PAS N'IMPORTE LAQUELLE - chronique de Julia Segui - c'est à 12 min
The Sir Ratan Tata Trust is likely to see the appointment of Neville Tata, son of chairman Noel Tata, as a trustee. First tranche of India-US trade talks is close to being finalised. US decision to halt immigrant visa issuances to 75 countries could disrupt a big share of global migration flows. While India is diversifying into missiles and sensors, Pakistan is doubling down on naval power - all this and much more in the latest Moneycontrol Editor's Picks. Tune in.
Der DAX schloss mit 25.262 Punkten mit +0,5 % und blieb nach einem neuen Rekordhoch in Schlagdistanz zur Bestmarke. Der EuroStoxx50 stieg um 1,6 % und hielt sich nahe 6.000 Punkten. In den USA startete die Wall Street trotz schwächerer Jobdaten freundlich: Der Stellenaufbau im Dezember lag bei 50.000, erwartet waren 73.000. Am Markt hieß es dennoch, dass schnelle Zinssenkungen im Januar nicht zwingend werden, weil Arbeitslosenquote und Anträge auf Arbeitslosenhilfe robust wirkten, nach drei Fed-Zinssenkungen Ende 2025. Besser wurde die Stimmung bei den US-Verbrauchern: Der Michigan-Index stieg zur Monatsmitte. Bei den Einzelwerten: Adnoc will Covestro per Squeeze-out übernehmen und hält bereits 95,10%. FMC startet ab 12. Januar die zweite Tranche seines 1 Mrd. Euro-Rückkaufs über 415 Mio. Euro. Rüstungswerte: Hanwha Systems +27 %, Hanwha Aerospace fast +11%. - Rohstoffmesse 10.+ 11. April: Sichern Sie sich ihre Gratis-Eintrittskarte unter: https://www.rohstoffmesse-hamburg.de/
C’tu juste Benoit qui est de bonne humeur en ce vendredi? C’tu juste moi ? Tribune téléphonique. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radio Pour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr
Un député caquiste pincé pour alcool au volant. Année de renouvellement de l’ACEUM. La rencontre Tougas-Dutrizac avec Stéfanie Tougas. Regardez aussi cette discussion en vidéo via https://www.qub.ca/videos ou en vous abonnant à QUB télé : https://www.tvaplus.ca/qub ou sur la chaîne YouTube QUB https://www.youtube.com/@qub_radioPour de l'information concernant l'utilisation de vos données personnelles - https://omnystudio.com/policies/listener/fr
The House and Senate Appropriations Committees released the text of their joint conference agreement on the FY2026 Commerce-Justice-Science bill with a rejection of the cuts to NASA proposed by the Trump Administration. NASA has selected ARES Technical Services Corporation to provide launch range operations support at the agency's Wallops Flight Facility in Virginia. Sierra Space has completed the first nine satellite structures, Plane 1 of the 18 total satellites the company is contracted to deliver for the Space Development Agency's (SDA's) Tranche 2 Tracking Layer program (T2TL), and more. Remember to leave us a 5-star rating and review in your favorite podcast app. Be sure to follow T-Minus on LinkedIn and Instagram. Selected Reading Congress rejects President Trump's deep NASA budget cuts, proposes $24.4 billion for the agency- Space NASA Awards Launch Range Contract for Wallops Flight Facility Sierra Space Completes First Nine Satellite Structures for the Space Development Agency's Tranche 2 Tracking Layer, Three Months Ahead of Schedule Pentagon Awards Systima, Part of Karman Space & Defense, $5 Million to Expand Solid Rocket Motor Nozzle Production Capacity Israel announces $19 million national space R&D lab to accelerate startup access to orbit - JNS.org SkyFi Integrates Vantor to Deliver On-Demand High-Resolution Geospatial Imagery and Advanced Analytics ARCHE ORBITAL SYSTEMS Signs Strategic MoU with MSRO to Advance National Space Capabilities for the Maldives - SpaceNews NASA's Hubble Examines Cloud-9, First of New Type of Object Share your feedback. What do you think about T-Minus Space Daily? Please take a few minutes to share your thoughts with us by completing our brief listener survey. Thank you for helping us continue to improve our show. Want to hear your company in the show? You too can reach the most influential leaders and operators in the industry. Here's our media kit. Contact us at space@n2k.com to request more info. Want to join us for an interview? Please send your pitch to space-editor@n2k.com and include your name, affiliation, and topic proposal. T-Minus is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices
Rocket Lab awarded an $816 million prime contract by the U.S. Space Force. The Space Development Agency made multiple awards to build 72 Tracking Layer satellites for Tranche 3. NATO's suspicions about a new ASAT weapon from Russia. And, more. Remember to leave us a 5-star rating and review in your favorite podcast app. Be sure to follow T-Minus on LinkedIn and Instagram. T-Minus Guest Dave Bittner, host of The CyberWire, and cybersecurity executive Brandon Karpf, join us for the monthly space and cyber segment about As Space Becomes Warfare Domain, Cyber Is on the Frontlines. Selected Reading Rocket Lab Awarded $816M Prime Contract to Build Missile- Defense Satellite Constellation for U.S. Space Force Space Development Agency Makes Awards to Build 72 Tracking Layer Satellites for Tranche 3 Starlink in the crosshairs: How Russia could attack Elon Musk's conquering of space Exolaunch to Deploy 22 Satellites on Upcoming "Twilight" Rideshare Mission with SpaceX, Expanding Access to a Dawn-Dusk Orbit Telesat Lightspeed program, Safran - Space Share your feedback. What do you think about T-Minus Space Daily? Please take a few minutes to share your thoughts with us by completing our brief listener survey. Thank you for helping us continue to improve our show. Want to hear your company in the show? You too can reach the most influential leaders and operators in the industry. Here's our media kit. Contact us at space@n2k.com to request more info. Want to join us for an interview? Please send your pitch to space-editor@n2k.com and include your name, affiliation, and topic proposal. T-Minus is a production of N2K Networks, your source for strategic workforce intelligence. © N2K Networks, Inc. Learn more about your ad choices. Visit megaphone.fm/adchoices
Die Epstein-Akten sollten Transparenz bringen - stattdessen wächst der Streit im Trump-Lager.In dieser Folge spricht Paul mit Gudrun Engel, Studioleiterin der ARD in Washington, über die erste Tranche der veröffentlichten Datensätze: Warum kamen zunächst nur rund 13.000 Dokumente - obwohl deutlich mehr erwartet wurden? Was wurde geschwärzt, nach welchen Kriterien und warum wurden Opfervertreter teils erst Stunden vorher informiert? Und was bedeutet es politisch, dass Trumps Name bislang nur am Rand auftaucht, während der Blick der Administration auffällig stark auf Bill Clinton gelenkt wird?Außerdem geht es um die Nervosität in der MAGA-Bewegung: Wie sehr trifft die Epstein-Debatte den Markenkern der Basis - Kampf gegen eine „korrupte Elite“ - und wie beschädigt der Zickzackkurs von Trump und Justizministerin Pam Bondi die Glaubwürdigkeit der Regierung?Im zweiten Teil: Machtkampf bei Turning Point USA. Warum unterstützt Erika Kirk ausgerechnet jetzt J.D. Vance - und was sagt das über die Zeit nach Trump? Gudrun Engel ordnet ein, wie sich die Lager zwischen klassisch-konservativen Stimmen wie Ben Shapiro und radikaleren Influencern wie Tucker Carlson, Candace Owens oder Steve Bannon weiter verhärten - und warum diese Auseinandersetzung für die Republikaner Richtung 2028 wichtiger werden könnte, als viele in Europa denken.Wenn euch der Podcast gefällt, dann lasst gerne Like & Abo da! Ihr habt Fragen, Kritik oder Themenvorschläge? Schreibt an ronzheimer@axelspringer.comPaul auf Instagram | Paul auf XUnd ganz neu: Paul jetzt auch auf YouTube!Redaktion: Filipp Piatov & Lieven JenrichExecutive Producer: Daniel van Moll Hosted on Acast. See acast.com/privacy for more information.
Listen for the latest from Bloomberg NewsSee omnystudio.com/listener for privacy information.
Listen for the latest from Bloomberg NewsSee omnystudio.com/listener for privacy information.
In this episode of Tranche Talk, we welcome back Bank of America's Pratik Gupta who talks with 9fin's Tanvi Gupta on the defining moments of 2025 and what the new year will bring for CLOs.They discuss CLO being the best asset class to sell in a rate cutting cycle and the opportunities to rotate into RMBS AAAs, separating facts from fiction for private credit CLO fears and the demand landscape between Japanese banks, US banks and ETFs.They also delve into CLO equity performance, opportunities for CLO managers in portfolio trading and how CLO managers should differentiate themselves when they're all chasing the same conservative assets.
Congressional Democrats on the House Oversight Committee released a set of 19 photos from a larger trove of over 95,000 images obtained from Jeffrey Epstein's estate, aiming to shed light on his social connections. The photos include well-known figures such as President Donald Trump, former President Bill Clinton, Bill Gates, Steve Bannon, Larry Summers, Woody Allen, and Prince Andrew, often shown in social settings with Epstein or others; some images show Trump with unidentified women whose faces are redacted and others depict social scenes on jets or at events. None of the released photos directly show criminal acts, and their context and dates are not provided, but Democrats argue they raise important questions about Epstein's associations with powerful individuals and call for fuller transparency as part of a broader investigation. The release is part of an ongoing effort by lawmakers to review and make public materials from Epstein's estate and related government files.The photo release has quickly become political: **House Democrats say the images underscore a need to end what they call a “cover-up” and demand that the Department of Justice release the full set of Epstein files under the recently passed Epstein Files Transparency Act, which requires federal release of related documents by a mid-December deadline. Republicans and White House officials have criticized the release as selective and politically motivated, accusing Democrats of cherry-picking photos to create a narrative rather than present an objective record, and emphasizing that the photos do not demonstrate wrongdoing by anyone pictured. The disclosures have reignited public debate over Epstein's network and the extent of powerful people's associations with him, even as broader document releases and further image batches are expected in the coming weeks.to contact me:Disturbing photo on Epstein's desk sparks horror over 'incapacitated young girl passed out on couch' | Daily Mail Online
Congressional Democrats on the House Oversight Committee released a set of 19 photos from a larger trove of over 95,000 images obtained from Jeffrey Epstein's estate, aiming to shed light on his social connections. The photos include well-known figures such as President Donald Trump, former President Bill Clinton, Bill Gates, Steve Bannon, Larry Summers, Woody Allen, and Prince Andrew, often shown in social settings with Epstein or others; some images show Trump with unidentified women whose faces are redacted and others depict social scenes on jets or at events. None of the released photos directly show criminal acts, and their context and dates are not provided, but Democrats argue they raise important questions about Epstein's associations with powerful individuals and call for fuller transparency as part of a broader investigation. The release is part of an ongoing effort by lawmakers to review and make public materials from Epstein's estate and related government files.The photo release has quickly become political: **House Democrats say the images underscore a need to end what they call a “cover-up” and demand that the Department of Justice release the full set of Epstein files under the recently passed Epstein Files Transparency Act, which requires federal release of related documents by a mid-December deadline. Republicans and White House officials have criticized the release as selective and politically motivated, accusing Democrats of cherry-picking photos to create a narrative rather than present an objective record, and emphasizing that the photos do not demonstrate wrongdoing by anyone pictured. The disclosures have reignited public debate over Epstein's network and the extent of powerful people's associations with him, even as broader document releases and further image batches are expected in the coming weeks.to contact me:Disturbing photo on Epstein's desk sparks horror over 'incapacitated young girl passed out on couch' | Daily Mail OnlineBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
Invités :Eric Naulleau, journaliste et essayisteCharles Millon, ancien ministre de la DéfenseCatherine Nay, éditorialisteLouis de Raguenel, journaliste politiqueGénéral Bruno ClermontLaetitia Guinand, journaliste politiqueHébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
Invités :Eric Naulleau, journaliste et essayisteCharles Millon, ancien ministre de la DéfenseCatherine Nay, éditorialisteLouis de Raguenel, journaliste politiqueGénéral Bruno ClermontLaetitia Guinand, journaliste politiqueHébergé par Audiomeans. Visitez audiomeans.fr/politique-de-confidentialite pour plus d'informations.
APAC compliance is entering its most disruptive year in a decade, and 2026 is set to reshape how organisations across the region manage financial crime, data, cyber, ESG and whistleblowing risk. In this episode, we bring you the audio from our expert webinar on the major regulatory shifts unfolding across Asia Pacific and what they mean for compliance teams. Our speakers break down Australia's Tranche 2 AML/CTF reforms and what it means for the tens of thousands of professional services firms being brought into scope. They explore the rapid rollout of new data and AI laws across Southeast Asia, tightening cyber requirements in Hong Kong and Singapore, and the growing wave of mandatory ESG disclosures in Japan and South Korea. The discussion also covers stepped-up anti-bribery enforcement, whistleblowing expectations, and stricter AML and licensing requirements for digital-asset firms. In this episode, you'll hear about: • Australia's Tranche 2 AML/CTF regime and AUSTRAC obligations • Vietnam's PDPL, India's Digital India Act and rising data penalties across Southeast Asia • Cyber and critical-infrastructure rules taking hold in Hong Kong and Singapore • Mandatory climate and supply-chain disclosures across Japan, South Korea, Australia and New Zealand • Bribery, corruption and whistleblowing enforcement trends across the region • AML, KYC and licensing changes affecting crypto and fintech firms This episode is ideal for compliance managers, legal counsel, risk leaders and anyone working with APAC operations in financial services, professional services, tech, real estate or multinational supply chains who needs to prepare for the year ahead.
Send us a textInvest in pre-IPO stocks with AG Dillon & Co. Contact aaron.dillon@agdillon.com to learn more. Financial advisors only.00:00 - Intro00:08 - Mercor $350M Series C Quintuples Valuation to $10B Amid AI Data Pivot01:47 - OpenAI Restructuring to PBC Unlocks $40B Fundraising at $500B Valuation03:14 - SoftBank Greenlights $22.5B Final Tranche to OpenAI Contingent on PBC Shift04:06 - OpenAI Advances Generative Music Tool to Rival Suno in $200B Media Market05:14 - Poolside $2B Raise at $12B Valuation Backed by Nvidia's $1B Commitment05:49 - Bending Spoons $270M Raise at $11B Valuation Funds $1.4B AOL Buy06:56 - Whatnot $225M Series F at $11.5B Valuation Drives Global GMV Doubling08:08 - Figma $200M+ Weavy Acquisition Boosts AI Media Tools Post-IPO09:07 - MiniMax M2 Tops Global Open Models in Sovereign AI Push10:00 - 1X NEO Robot Preorders at $20K Target 2026 Deliveries11:10 - SpaceX $2B Pentagon Deal Bolsters $11B Starlink Revenue12:15 - Canva Debuts Foundational Design Model in Affinity Free Shift13:28 - Grammarly Rebrands to Superhuman with 40M DAU AI Suite
In this episode of Tranche Talk, Cloud 9fin's CLO series, our global head of CLOs Tanvi Gupta, talks with Edwin Wilches, Co-head of Securitized Products at PGIM.They talk about how securitization is the key component in Europe's growth agenda, how more work needs to be done for Solvency II, the evolution of insurance demand, relative value and the impact on liquidity from recent regulations. They also delve into the unintended consequences of putting out a clarification in the middle of summer and the art of staying zen.Have any feedback for us on the podcast? Send a note to podcast@9fin.com. Thanks for listening!
Episode Summary: In this episode, Heather “Lucky” Penney talks to Lt. Gen. David Deptula, USAF (Ret.), Jennifer "Boots" Reeves, Todd “Sledge” Harmer, Anthony “Lazer” Lazarski, Jeff Rowlison, and Brig. Gen. Houston "Slider" Cantwell, USAF (Ret.) about the top defense issues this month in Washington, D.C. and beyond. Our team digs into what a government closure means for national security and where the defense bills stand in Congress. We also discuss the challenges and opportunities facing Gen. Wilsbach as the Chief of Staff of the Air Force nominee. On the spacepower side of the equation, we explore the USSF's new Force Design, what it will take to better track threats in space, Space Development Agency's Tranche 1 satellites on orbit, and recent space-based laser communication advancements. We wrap by looking at the Department of War's increased focus on homeland defense. Credits: Host: Heather "Lucky" Penney, Director of Research, The Mitchell Institute for Aerospace Studies Producer: Shane Thin Executive Producer: Douglas Birkey Guest: Lt Gen David A. Deptula, USAF (Ret.), Dean, The Mitchell Institute for Aerospace Studies Guest: Brig. Gen. Houston "Slider" Cantwell, Senior Fellow for Airpower Studies, The Mitchell Institute for Aerospace Studies Guest: Jennifer "Boots" Reeves, Senior Resident Fellow for Space Studies, The Mitchell Institute Spacepower Advantage Center of Excellence (MI-SPACE) Guest: Todd “Sledge” Harmer, Senior Vice President, American Defense International Guest: Jeff Rowlison, VP, Space & Intel Programs, American Defense International Guest: Anthony “Lazer” Lazarski, Principal, Cornerstone Government Affairs Links: Subscribe to our Youtube Channel: https://bit.ly/3GbA5Of Website: https://mitchellaerospacepower.org/ Twitter: https://twitter.com/MitchellStudies Facebook: https://www.facebook.com/Mitchell.Institute.Aerospace LinkedIn: https://bit.ly/3nzBisb Instagram: https://www.instagram.com/mitchellstudies/ #MitchellStudies #AerospaceAdvantage #rendezvous #government #defense