Cromwell FY26 slides: FFO up 5%, institutional capital grows $748M

Mark Nussbaum’s attempt to wind down his former law firms in bankruptcy court was blocked by a judge who said the filings were made in bad faith. Nussbaum, who is accused of running a Ponzi scheme through his law firms’ escrow accounts, put his defunct law firms, Nussbaum Lowinger and Mark J. Nussbaum & Associates,…

Western Europe Experiences Record-Breaking June Heatwave, EU Reports Record Heatwave Impacts and Climate Data in Western Europe By Kate Abnett Confirmation of Record Temperatures BRUSSELS, July 9 (Reuters) – Western Europe just experienced its warmest June on record, EU scientists confirmed on Thursday, after an extreme heatwave at the end of the month smashed temperature…

Darius Adamczyk will take global charge of the business. Credit: sdx15/ Shutterstock.com. Goldman Sachs Asset Management has introduced an artificial intelligence investing platform called AlphaAI, reflecting its view that AI will play a key role in generating returns in both public and private markets. Lou D’Ambrosio has been appointed to lead AlphaAI as chairman of…

What data shows Historical data shows that the 50:50 blend has held up during periods of equity market correction. In FY20, when the Nifty 50 TRI fell 25%, the Crisil Hybrid 50:50 Index lost 7.3%. In FY16, the Nifty 50 TRI fell 7.8%, while the hybrid index gained 2.2%. In FY26, the Nifty 50 TRI…

Matt O’Hara The past several rating actions and closings show where private-label mortgage credit is growing fastest. Home equity extraction, through lines of credit and second liens, persists, while non-qualified mortgages deals lengthen what’s been a record run.  Processing Content Borrowers sitting on 3% mortgages won’t refinance to extract equity, so originators are routing that…