Unicus
@UnicusResearch
An independent short-only invst. research firm. X is Not Fin Advise. Short: Macro Credit:
1.7K Following 42.8K Followers
When you think of “risk” and “fund financing” probably think of “fraud” and maybe connected to Jeffries?
All SRTs ends in your retirement, annuity and life insurance.
Deutsche Bank is working on a significant risk transfer tied to fund financing as the lender widens the range of assets it hedges via the booming securitization trade
Oyyy
Don't forget earlier in the year we saw this link between MFS and DN1. Tough year for Australian Funds.
BREAKING: Metrics Credit Partners, one of Australia's largest private credit managers, suspended trading on three ASX-listed funds and slashed valuations by over $160 million following a disagreement with auditor KPMG.
We warned that Australia is facing a PC and CRE issue. With our loan book analysis, we continue to warn.
PC= toxic, no accountability dump.
And it’s in your retirement, annuity and everything in between.
And most think they’re in a BULL market?
Cute.
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This is brilliant. spamming the spammers.
@usmancognify make this happen!
This guy built a script that calls back spam callers and traps them in an endless loop, thus spamming the spammers.
[📹 tehinteractive1]
A.I, in our opinion, does not eliminate engineers entirely, A.I helps a firm to retain valuable engineers who can leverage A.I to provide high quality work. And flushes the unproductive engineers.
Jev doesn't write answers, it scores them. Send it context and typed questions, and it returns probabilities with confidence in a single pass, no text generated. Use it as a fast decision layer in front of your LLM.
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Everything points to $JEF
-first brands
- MFS
- Radiant World
And others….
Yet, somehow $JEF is still functioning.
A US fund has filed a criminal complaint in Switzerland accusing Radiant World and related companies of fraud and money laundering
UK government quietly rolled out a housing bailout.
Next is the U.S? @m3_melody
Over the weekend the UK Government effectively rolled out a quasi bailout for the new build housing market, dressed up as "Help to buy 2.0".
The timing is extraordinary.
$GS “Investors in a Goldman Sachs Group Inc. private credit fund tried to withdraw 2.03% of their money in the third quarter, as redemption requests once again stayed below the 5% threshold.”
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One by one.
This is bad.
Very bad
PGIM, the asset management arm of Prudential Financial, was the anchor investor on a recent collateralized loan obligation that included a novel safeguard capping the share of its AI-related debt at 15%, sources say
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These guys know what they are talking about.
How an LLM writes, in 40 seconds: tokenize → embed → attend → predict → repeat. Every reply you've ever read from a chatbot came out of this loop, one token at a time.
Agree.
The market will be painfully persistent on the downside for a prolonged time, Dr. B.
When all things said and done, the greed of the few will wipe out the entire middle class. The pain will be felt/endured by many.
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For the benefit of humanity, the markets should tank hard and prevent the OpenAI and Anthropic IPOs.
Over the weekend the UK Government effectively rolled out a quasi bailout for the new build housing market, dressed up as "Help to buy 2.0".
The timing is extraordinary.
🚩BREAKING: It has begun. The toxic relationship between insurers and PCs.
“Policyholders of a struggling life insurer sued its private equity owner, accusing Golden Gate Capital of self-dealing and mismanaging PHL Variable Insurance Co. to the point that it now faces possible liquidation.”
You are being consistently warned- this is just a beginning.
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Yes, indeed
With Claude, anyone can build a feature with thousands of lines of code and a spec so long that no one can fully read it. But what matters today isn’t just what you can ship.
It’s what you choose not to ship.
AI has made building easy.
The real skill is knowing what deserves to exist in the first place.
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Morning Macro# 09/29/26 @solvequiK
BREAKING: Metrics Credit Partners, one of Australia's largest private credit managers, suspended trading on three ASX-listed funds and slashed valuations by over $160 million following a disagreement with auditor KPMG.
We warned that Australia is facing a PC and CRE issue. With our loan book analysis, we continue to warn.
PC= toxic, no accountability dump.
And it’s in your retirement, annuity and everything in between.
And most think they’re in a BULL market?
Cute.
Show more
Data centers ambitions continues to defy the physical reality.
~ 30% and 50% of large-scale data center capacity slated to come online is facing heavy delays due to grid constraints and construction bottlenecks.
Here is one:
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$NBIS: Massive data center build-outs will eventually become ghost buildings because the idea of crowding space with "data centers" is detached from physical reality.
Reasons: severe supply shortages, grid limitations, and fierce local opposition.
Now, 201 Milan Parkway in Birmingham, Alabama, which was sold 3 times in one day.
Can you guess what they’re building there? See below. @m3_melody
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We have some news to share with you.
We are launching a short-biased fund. We are thrilled to announce that @michaeljburry will act as a senior advisor to our fund, Minerva Investment Management LLC.
An abridged note below.
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