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Our experts frequently write blog posts about the findings of the research we are conducting.

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Displaying 4 out of 4 results for "Puerto Rico".

UBS and Santander's Role in Underwriting Employee Retirement System Bonds

We've written extensively about the UBS Puerto Rico Closed End Funds. These funds were concentrated in the riskiest subset of Puerto Rico municipal bonds - uninsured bonds with little or no market outside of the proprietary UBS funds. Our prior posts on Puerto Rico can be found on our website.

In this post we revisit the Employee Retirement System's 2008 ERS Series B offering to highlight Santander's role in this ill-fated deal. The Series B bonds were the second of three ERS offerings. The...

Puerto Rico Municipal Bond Returns and Sunspots

Introduction

Economists use a statistical procedure called regression analysis to determine whether there is a relationship between economic variables. For example, a labor economist might use regression analysis to determine whether there is a relationship between salaries and education after controlling for differences in job tenure and geographic region. An antitrust economist might use regression analysis to determine whether an attempted collusion in the airline industry effected prices...

Santander's First Puerto Rico Family of Funds: Same Defects, Similar Losses as UBS Puerto Rico and Popular Funds

Introduction

We have previously posted our extensive research into UBS Financial Services of Puerto Rico's closed end funds - some of which were co-managed and sold by Popular.

A summary of our UBS posts as of February 12, 2015 can be downloaded by clicking UBS Puerto Rico's Bond Fund Debacle: What We Know so Far. That summary is also available in Spanish by clicking Lo que Sabemos hasta Ahora de la Debacle de los Fondos de Bonos UBS Puerto Rico.

Two subsequent UBS posts can be accessed by...

Are Employee Retirement Checks in Puerto Rico About to Stop?

Yesterday a Joint Stipulation and Order was entered into between investors in Employee Retirement System (ERS) bonds issued in 2008 and the Governor, the Secretary of the Treasury, the Director of the Commonwealth's OMB and the ERS. The Joint Stipulation and Order and the Order Approving Stipulation, Setting Aside Hearing and Dismissing Case are available on our website.

We have written extensively about the ERS bonds. You can find more information in our blog posts on the conflicted ERS bond...

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