ENPNewswire-July 31, 2019--DBRS Assigns Ratings to Class A-R Loans and Class A-T Loans Issued by Brightwood Capital Offshore Fund
IV SPV-3, LLC
In its Third Quarter 2018 Investor Letter, Third Point reported that the Third Point Offshore fund
was down 0.1% in the quarter and is up 0.6% year-to-date, stating "Underperformance forces us to take a hard look at how our process let us down and, in this letter, we will try to share with you what we think has gone wrong this year and what could still go right." In terms of a new position, Third Point revealed it has taken a stake in American Express, as the firm thinks new CEO Stephen Squeri's focus on topline growth and underappreciated structural opportunities will "lead to more sustainable double-digit EPS growth going forward." Third Point noted in the letter, viewed by The Fly, that it sees AmEx shares "trading above $135 over the next 18 months for a total return of 30% upside."
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PS30,000 is a lot of money ACCORDING to the Sunday Times when it emerged that David Cameron had PS30,000 of shares in an offshore fund
after previously condemning the comedian Jimmy Carr for aggressive tax avoidance, one minister said: "He doesn't think that PS30k is a lot of money so, in his mind, what he did was completely different to Jimmy Carr."
The March for Health, Homes, Jobs and Education also demanded David Cameron's resignation over allegations he profited from his dad's offshore fund
Millionaire Cameron has admitted profiting from shares in his stockbroker dad's offshore fund
Mr Cameron admitted he handled the row over his profits from an offshore fund
badly but insisted he was angry about the way his father's memory was "traduced".
After a week of questions over his personal wealth and his late father's connection to an offshore fund
, Cameron has moved to defuse criticism over his handing of the fallout from the Panama Papers by publishing his own tax records.
Cameron took the unusual step on Sunday to end days of questions about his personal wealth caused by the mention of his late father's offshore fund
in the Panama Papers.
The information, first promised in 2012 but released following the furore about Mr Cameron's shares in an offshore fund
set up by his father Ian, shows that Mr Cameron earned enough to benefit from the cut in the top rate of tax from 50p to 45p.
David Cameron faces claims of hypocrisy after revealing that he benefited financially from an offshore fund
set up by his father, despite campaigning against tax avoidance and tax havens.
The leak of 11.5 million documents from Panamanian law firm Mossack Fonseca revealed that Cameron's father, Ian, had an offshore fund
and avoided paying taxes in Britain.