Ryan Sinnott
@ryansinnott.bsky.social
Works in asset management. Australian living in London (well, West Kent). Gay with pride.
Gay man here. Sexually active around 1989, came our in 1991. It was full on scary. Had friends who got infected. But don't know anyone who died.
And this was is Perth, Western Australia. Not exactly a beacon for diversity and tolerance
And this was is Perth, Western Australia. Not exactly a beacon for diversity and tolerance
October 28, 2025 at 7:53 PM
Gay man here. Sexually active around 1989, came our in 1991. It was full on scary. Had friends who got infected. But don't know anyone who died.
And this was is Perth, Western Australia. Not exactly a beacon for diversity and tolerance
And this was is Perth, Western Australia. Not exactly a beacon for diversity and tolerance
That's a stressful holiday
October 25, 2025 at 9:57 PM
That's a stressful holiday
Agree. But currently making a sausage and bean casserole, with Chorizo and paprika, which is what bakes beans always wanted to be when they grew up.
The stuff in tomato from a can is minging
The stuff in tomato from a can is minging
October 17, 2025 at 5:43 PM
Agree. But currently making a sausage and bean casserole, with Chorizo and paprika, which is what bakes beans always wanted to be when they grew up.
The stuff in tomato from a can is minging
The stuff in tomato from a can is minging
Great book. Have to admit I was halfway through the before I realised the Hermit Kingdom wasn't North Korea
October 5, 2025 at 4:39 PM
Great book. Have to admit I was halfway through the before I realised the Hermit Kingdom wasn't North Korea
Maybe. Financial markets have a habit of testing new innovations to destruction (e.g. CLOs and CDOs) in 08, before working out what's fixable and thus sustainable, vs. what just needs to die.
October 3, 2025 at 6:41 PM
Maybe. Financial markets have a habit of testing new innovations to destruction (e.g. CLOs and CDOs) in 08, before working out what's fixable and thus sustainable, vs. what just needs to die.
And PIK interest is still income, as long as you/your valuer still think the borrower is good for it
October 3, 2025 at 4:41 PM
And PIK interest is still income, as long as you/your valuer still think the borrower is good for it
Ultimately. But you're raising the next fund based on realised returns and realised defaults /losses given defaults since inception.
October 3, 2025 at 4:38 PM
Ultimately. But you're raising the next fund based on realised returns and realised defaults /losses given defaults since inception.
PC managers are often built around origination, not underwriting. Incentivised to stay sweet with the sponsors. CLO and Lev Loan fund managers don't care. It's public, they can buy what they want to buy
October 3, 2025 at 3:52 PM
PC managers are often built around origination, not underwriting. Incentivised to stay sweet with the sponsors. CLO and Lev Loan fund managers don't care. It's public, they can buy what they want to buy
Lots of differences on the buy side. CLOs start to fail indentures with CCC buckets > 7%. PC funds can get more "creative". PIK in particular. Defaulting is a choice... at least for a while. And both sides are incentivised to minimise defaults
October 3, 2025 at 3:50 PM
Lots of differences on the buy side. CLOs start to fail indentures with CCC buckets > 7%. PC funds can get more "creative". PIK in particular. Defaulting is a choice... at least for a while. And both sides are incentivised to minimise defaults
Only 600k or so, according to the FT. Would be interested to learn if the govt can go after historical dividends paid out
October 1, 2025 at 11:25 AM
Only 600k or so, according to the FT. Would be interested to learn if the govt can go after historical dividends paid out
I agree. It's so wrong. I am really disappointed that this government have taken this step
August 9, 2025 at 8:03 PM
I agree. It's so wrong. I am really disappointed that this government have taken this step
I know it's a high-pressure situation. But shit, we have, or used to have, rights
August 9, 2025 at 7:04 PM
I know it's a high-pressure situation. But shit, we have, or used to have, rights
I bought a CD from buskers on a Greek harbourside, after a very nice dinner. Pop music done in the style of Ukrainian folk music. The bands was calldd the Menstrels. Their version of Fernando goes off.
August 9, 2025 at 11:06 AM
I bought a CD from buskers on a Greek harbourside, after a very nice dinner. Pop music done in the style of Ukrainian folk music. The bands was calldd the Menstrels. Their version of Fernando goes off.
Council tax in inner London is tiny. Well overdue.
August 7, 2025 at 6:17 PM
Council tax in inner London is tiny. Well overdue.
Humans has been great
July 23, 2025 at 6:01 PM
Humans has been great
You do, they're not that rare. You just prefer not to have toxic waste dumps that the refining generates
July 23, 2025 at 5:28 PM
You do, they're not that rare. You just prefer not to have toxic waste dumps that the refining generates
TBF, Kent in the sunshine today does feel rather European style
July 13, 2025 at 12:14 PM
TBF, Kent in the sunshine today does feel rather European style
Bumblebee party in ours today
July 12, 2025 at 6:52 PM
Bumblebee party in ours today
So that's what the screech is. Poor zombies
July 10, 2025 at 7:35 PM
So that's what the screech is. Poor zombies
50% recovery? Are you selling off CatTurd's historical tweet archive and the MechaHitlerbot post bankruptcy?
July 10, 2025 at 2:58 PM
50% recovery? Are you selling off CatTurd's historical tweet archive and the MechaHitlerbot post bankruptcy?