Tag Archives: NewOak Capital

The Manhattan-based asset management and capital markets firm NewOak Capital has announced the appointment of Rachel Gould as both general counsel and managing director, focusing on expansion of the company's solutions and advisory platform, which provides analytical and portfolio construction services to institutional investors and managers.

Figures released Friday by the U.S. Department of Labor show that private employers added 159,000 new positions to their payrolls in October - the fastest pace of job growth in the private sector since April. The government, though, shed 8,000 jobs, for net employment growth of 151,000. The gain was much larger than analysts and economists had predicted. Still, the nation's unemployment rate remained unchanged at 9.6 percent. It's the 15th straight month that the jobless rate has been at 9.5 percent or higher.

There was something for everyone in September when looking at the delinquency rate for loans held in commercial mortgage-backed securities (CMBS), according to the research firm Trepp LLC. For commercial real estate bears, the fact that the rate once again set a record at 9.05 percent is a sign that the real estate crisis is not yet over in the commercial sector. The bulls, however, can point to the fact that the September increase in the delinquency rate is the second smallest for 2010.