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"Do we care if the Bayou 'Bayou No Leverage Fund' uses leverage?" asked a Goldman Sachs executive, Charles Sweeney, in a December 2003 e-mail to two colleagues.
But the fate of its year-old, unfortunately named High-Grade Structured Credit Strategies Enhanced Leverage Fund and its sister fund, the High-Grade Structured Credit Strategies Fund, has raised eyebrows.
Howard continued saying that, in particular, Peltz will be more aggressive in terms of portfolio changes, as well as pressuring management be more aggressive on the leverage fund.
Bear Stearns said there was "effectively no value" left for investors in its Enhanced Leverage Fund and "very little value" in the High-Grade Fund, which is the one the bank is bailing out.
SendHub is backed by $2 million in seed funding from Y Combinator, Kapor Capital, Menlo Ventures, 500 Startups, Howard Lindzon's Social Leverage fund, Bronze Investments, as well as angels Eric Ries, Jawed Karim, Paul Buchheit and a handful of private investors.
Fresh on the heels of its hot $2 million seed round from Kapor Capital, Menlo Ventures, 500 Startups, Howard Lindzon's Social Leverage fund, Eric Ries, Paul Buchheit, Jawed Karim, and others, YC-backed messaging startup SendHub is debuting its much-anticipated iPhone application today.
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Evidence also shows that PPA helped organisations leverage funding from other donors by providing co-financing for projects.
The process was made still more destructive by many hedge funds' reliance on leverage — funds often make bets totalling four or five times their capital.
Or, as the syllabus to the case put it, it would allow the government "to leverage funding to regulate speech outside the contours of the federal program itself".
"The effect of a shock on a vulnerability in the financial system — such as excessive leverage, funding fragility or limited liquidity — creates a radical shift in the markets".
Today the European Commission's president Jean-Claude Juncker announced a €315bn investment plan for Europe that will leverage funding from the European Investment Bank (EIB) through a new financial entity: the European Fund for Strategic Investments.
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