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Mowi ASA: Ex-dividend NOK 1.70 today

Mowi ASA: Ex-dividend NOK 1.70 today

Yahoo23-05-2025

The shares in Mowi ASA will be traded ex-dividend of NOK 1.70 as from today 23 May 2025.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Hedge Funds Face California Rebuke Over Role in Wildfire Claims
Hedge Funds Face California Rebuke Over Role in Wildfire Claims

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Hedge Funds Face California Rebuke Over Role in Wildfire Claims

(Bloomberg) -- Hedge funds are facing pushback in California as their bets tied to insurance claims stemming from the Los Angeles wildfires are attacked as unethical. Next Stop: Rancho Cucamonga! Where Public Transit Systems Are Bouncing Back Around the World ICE Moves to DNA-Test Families Targeted for Deportation with New Contract US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents Warn Trump Said He Fired the National Portrait Gallery Director. She's Still There. The transactions in focus are tied to so-called subrogation claims, which hedge funds, private equity firms and other alternative investment managers have been buying from insurers over the past few months. Subrogation kicks in if a third party such as a utility is suspected of being responsible for losses covered by insurers. Hedge funds buying these claims from insurers are now under attack from the California Earthquake Authority, which is the administrator of the California Wildfire Fund. It has described such transactions as 'opportunistic, profit-driven investment speculation,' and says it's planning to take on 'hedge funds and other speculators' that it claims 'are actively seeking to profit from California's devastating wildfire catastrophes.' In practice, that means the authority will try to block the payout of what it says could end up being 'billions of dollars' to the investors that bought the claims, according to materials prepared ahead of a meeting that took place last month with the California Catastrophe Response Council, which oversees the fund. To that end, it plans to engage California's state legislature, according to a transcript of comments made during the meeting and seen by Bloomberg. A spokesperson for the authority declined to comment. Bradley Max, a director at Cherokee Acquisition, a New York-based investment bank that trades and invests in subrogation claims, says the development has 'put a chill on bidding,' which is already visible in pricing. Subrogation rights tied to the Eaton Fire that ripped through Southern California in January were trading as high as 50 cents on the dollar at one point, but have now dropped 'at least a few points lower,' Max said. Still, even though the political development has led to lower prices on the subrogation claims, it hasn't held back transactions, he said. Cherokee said in April it had brokered deals linked to the Los Angeles fires for 'larger, more sophisticated distressed debt hedge funds.' And by April 15, investment bank Oppenheimer & Co. Inc. had executed 10 transactions tied to the Eaton and Palisades fires totaling over $1 billion worth of recovery rights, Ronald Ryder, co-head of special assets at Oppenheimer, told the California Earthquake Authority. That includes over $125 million in claims traded in just one day, Ryder wrote. A spokesperson for Oppenheimer declined to comment. Cherokee didn't name the hedge funds for which it brokered deals. In an email to the California Earthquake Authority, Ryder said that as catastrophic weather events become 'more prevalent,' insurers are increasingly resorting to 'recovery subrogation in the secondary market to fortify the balance sheet.' There's a growing consensus that insurers can't cover the rising costs of weather-related catastrophes alone, especially as climate change fuels more extreme events. For that reason, the industry is looking for ways to shift part of its financial risk over to capital markets, with alternative asset managers often the only investor class willing to step in. Efforts to prevent investors from profiting from the subrogation claims they've bought represent 'a politically motivated attempt to not pay legitimate obligations,' Max at Cherokee said. They're 'trying to beat up deep-pocketed hedge funds, despite the ethical and legal implications,' he said. Recovery of subrogation claims is costly and can take years to play out, which is why insurers have started selling them in exchange for an upfront cash payment. The hedge funds buying them are betting that the recovery sum at the end of the process will exceed the amount they paid the insurer to buy the claim. The market for investing in subrogation claims is characterized by over-the-counter deals with little to no transparency. Subrogation deals had a seminal moment more than half a decade ago, when faulty power lines and equipment failures at California utility PG&E Corp. were blamed for wildfires in the state. Back then, hedge fund Baupost Group LLC purchased claims against PG&E worth $6.8 billion. Bloomberg has previously reported that Baupost may have generated an estimated $1 billion of profits. The California Wildfire Fund, which is administered by the state's Earthquake Authority and overseen by the California Catastrophe Response Council, was set up in 2019 to help reimburse claims arising from wildfires caused by utility companies. If hedge funds prevail in their subrogation claims, some of the money could end up coming from the California Wildfire Fund. The fund, which sits on about $13 billion in liquid assets, is partly capitalized by three utilities — San Diego Gas & Electric Co., Edison International's Southern California Edison and PG&E. While the cause of the January fires remains under investigation, it's already clear that the Eaton Fire started inside the service territory of Edison and therefore leaves the fund potentially exposed, the authority said. With current estimates for insured losses as high as $45 billion, the January Southern California wildfires are expected to be the costliest in US history, according to the California Earthquake Authority. 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4 Ways To Protect Your Investments When Fake News Creates Market Volatility
4 Ways To Protect Your Investments When Fake News Creates Market Volatility

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4 Ways To Protect Your Investments When Fake News Creates Market Volatility

While the stock market is driven by earnings growth over the long run, on a daily basis, the twin emotions of fear and greed can override economic fundamentals. This has been brought into sharp focus in 2025, as the stock market has gyrated wildly in reaction to the Trump administration's ever-changing tariff policy. Read More: Find Out: Part of the problem has been that 'fake news' regarding the specifics of the tariffs has leaked into the financial press, creating market volatility as investors alternately panic and rejoice at the latest headlines. The resultant up-and-down moves in prices have been tough to handle, even for veteran investors. Here are some steps you can take to protect your investments — and your peace of mind — when fake news creates market volatility. Stocks are a long-term investment vehicle. In fact, if you don't plan on holding your stocks for at least five years, most advisers recommend you stay out of the stock market completely. This is because short-term fluctuations and longer-term bear markets could depress the value of your portfolio for months or even years, and selling out when the market is low is a losing strategy. To ride out these inevitable dips, it's essential to keep a long-term perspective. Over time, what seem like dramatic short-term moves end up being only barely noticeable blips on a long-term chart of the market. You can protect your investments by keeping that in mind, understanding that the ups and downs of the market eventually smooth themselves out. See Next: If other investors are going to make bad decisions based on emotion, there's no reason you can't take advantage of that. If fake news drives the market down 5% in a single day, it could be a great opportunity to pick up more shares of the quality stocks or ETFs in your portfolio. Even if the news turns out to be true, if you're a long-term investor, adding to your positions when they are 'on sale' can be a good way to boost your returns in time. Picking up additional shares when the market is low can be a prudent way to invest for the long run. But offloading positions you were thinking of selling anyway, when investors are falsely euphoric, can be another. While you shouldn't sell stocks just because the market is up on any given day, when fake news is creating upside volatility, it can be an opportunity. This is especially true if you're already considering selling a position, either to take a profit or to jettison an underperforming stock. This shouldn't be confused with day trading or timing the market — it's just a good way to sell stocks you wanted to unload anyway when the market hands you 'free money.' For some investors, the best option to protect their portfolios is to take a step back from the financial press. While total ignorance of what's going on in the market isn't advisable, neither is watching the financial news 24/7. At any given moment, the commentary on TV could make you feel like you're missing out on a big opportunity, or conversely, that the world is completely falling apart and you should sell everything. Being too close to the action makes it more likely that you will overtrade, making investment decisions based on emotion instead of good sense. This is one reason why most advisors recommend you only rebalance your portfolio every quarter, or even once per year. Simple as it sounds, for investors who are prone to have an emotional reaction to the stock market, the best option could be to just turn off the TV. In the era of social media, information is disseminated in the blink of an eye. In some cases, this can be beneficial. However, with the proliferation of fake news, it can also be a curse. Many traders, trying to get an edge on the markets, will instantly react to certain news headlines, even if they are unverified or just flat-out untrue. AI trading is exacerbating these swings, as computers can automatically make moves in thousandths of a second. As an individual investor, you have no control over these market movements. But you do have control over how you manage your portfolio. If you can avoid making emotional decisions, stick to your long-term investment plan, and selectively take advantage of big swings in the market, you'll end up with the best results. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses Are You Rich or Middle Class? 8 Ways To Tell That Go Beyond Your Paycheck This article originally appeared on 4 Ways To Protect Your Investments When Fake News Creates Market Volatility

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