Author: Jordan

StreamBank has provided a £642,000 bridging finance facility for the acquisition and refurbishment of two buy-to-let properties in Kent, secured against three properties with a combined value of approximately £1.525 million. The 12-month unregulated bridging loan enabled the borrower to purchase two cottages in Sevenoaks for £525,000, while releasing equity from an existing semi-commercial property in Dartford to fund refurbishment works. The transaction resulted in an overall loan-to-value ratio of 44%, with a net advance of £575,000. Transaction structure The deal, introduced by broker Ace Finance, involved the borrower’s semi-commercial property in Dartford, which houses both residential accommodation and a…

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Roman Lavrynovych and Stanislav Carpiuc have been jailed at the Old Bailey for seven and two years respectively for arson attacks on property connected to Keir Starmer.Lavrynovych, 22, from Ukraine, and Carpiuc, 27, from Romania, were found guilty on Monday of conspiring to commit arson on a car and two properties linked to the prime minister.During the trial, the jury heard that an anonymous Russian-speaking figure named El Money had recruited Lavrynovych and Carpiuc on Telegram. The contact offered Lavrynovych payment to set the fires, record them and get them on the news.On Monday, Lavrynovych was also convicted of damaging…

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Fund structures Before looking at specific fund wrappers and regulatory structures, it’s important to understand the different ways a private markets or alternatives fund can be structured. There are capital call and fully funded models, and also closed-ended or open-ended models; when the fund has no closing date, it is referred to as “evergreen”. Closed-ended: Essentially, investors commit capital to a fund, from which the GP (GP refers to a general partner, who manages the private markets fund) draws over time and invests for a fixed number of years before finally returning capital and returns to investors. The process of…

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(Kitco News) – Gold investors shouldn’t assume that a more inflation-focused Federal Reserve will derail the precious metal’s long-term bull market, according to Axel Merk, founder and CEO of Merk Investments.While newly appointed Federal Reserve Chair Kevin Warsh has signaled a more hawkish approach to monetary policy, Merk said that any near-term headwinds for gold could ultimately strengthen the market’s longer-term foundations by reducing policy-driven uncertainty and shifting investor attention back to America’s deteriorating fiscal position.In his first Federal Reserve press conference on Wednesday, Warsh made fighting inflation a central pillar of his leadership, emphasizing the importance of price stability.…

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In a week shortened by the Juneteenth holiday in the U.S., leadership moves remained brisk, especially across private equity, credit, real estate, and wealth management. While a new CIO prepares to join UC Berkeley’s investment office, firms such as Ares Management, Mudrick Capital, and Sagewind Capital continue to expand their leadership teams. Meanwhile, in wealth management, Moneta and U.S. Bank Wealth Management made senior appointments. Read on for all 19 moves. Source link

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Barco, the Europeean technology company that manufactures the AMD GPU based MXRT graphics cards for for multi-display medical imaging systems (and also MXRV for their NVIDIA based graphics cards), have to date only seen Windows drivers published for their professional-grade graphics cards even with using Radeon Pro derived GPUs. But a patch published today to the AMD graphics mailing list is opening the door for Linux support. Matthew Jacob of Feral Software posted the patch for enabling several Barco MXRT graphics cards to work with the AMDGPU Linux kernel graphics driver. The patch is quite simple and confirms that just…

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Why it Matters Veterans face compounding problems accessing benefits and housing, and Congress is moving to address three distinct pain points in a House Veterans Affairs Committee hearing scheduled for June 25. The hearing will examine bills and proposals aimed at modernizing the Veterans Affairs (VA)’s phone system, making home loans more affordable, and protecting GI Bill benefits from fraud—each reflecting documented failures in how the VA serves the population it’s supposed to support. The Big Picture The VA’s customer service infrastructure is broken. A VA Office of Inspector General (OIG) report found that in 13 of 15 VA medical…

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