BY FAR THE BEST TOOL TO IMPROVE YOUR BUSINESS PERFORMANCE!
COMMODITIES
Our goal is to be accountable to our clients for delivering repeatable and explainable returns.
Investments in commodities and managed futures remain a compelling avenue for achieving returns that are distinct from those of equities and fixed income, characterized by historically low correlations and the added advantage of enhancing risk-adjusted returns and portfolio efficiency. Commodities continue to provide an effective hedge against inflationary pressures, a critical consideration in the current economic climate.
In 2024, WIC oversees a suite of predominantly index-based investment strategies designed to harness these advantages. Employing a disciplined and methodical approach, WIC combines rigorous internal and independent research with sophisticated alpha-seeking methodologies and a competitive cost structure. The firm offers both pooled investment vehicles and bespoke separately managed accounts, tailored to meet the specific needs of investors.
WIC’s core objective is to deliver superior risk-adjusted returns compared to the FTSE Gold Mines Index composite. This benchmark encompasses gold mining companies with sustainable attributable production of at least 300,000 ounces annually and deriving at least 51% of their revenue from mined gold.
The firm’s investment approach centers on large-cap stocks listed on the North American, Australian, and South African exchanges. These companies are engaged in the exploration, extraction, and processing of precious metals. The portfolio manager adopts an active management style informed by a “core-satellite” framework, selecting stocks with robust mid- to long-term growth prospects in net asset value. When growth potential diminishes or targets are achieved, positions are reassessed and adjusted accordingly. While the fund does not seek to capitalize on short-term fluctuations in gold prices, it may opportunistically utilize ETFs offering long or short exposure to gold or broader mining indices to enhance or safeguard performance.
The evolving dynamics of financial markets, particularly the interplay of “risk-on” and “risk-off” sentiment during the decade 2013–2023, underscored the importance of a disciplined risk management ethos. As we move into 2024, WIC remains committed to navigating the complexities of global markets with a steady focus on delivering consistent, high-quality returns for our clients.
For a detailed overview of WIC’s commodity asset management offerings, we encourage you to contact us directly.
CORPORATE LENDING AND CREDIT FACILITIES
MAKING A DIFFERENCE … TO THOSE WHO MAKE A DIFFERENCE
Fast-paced, volatile and highly competitive, the market for Corporate Lending is hazardous territory for the inexperienced. Successful transactions call for skill, foresight and reaction in equal measure. WIC offers a variety of financing schemes designed to meet your specific requirements. Our involvement in Corporate Lending and Credit Facilities is not a product related activity: it forms a part of the our integral specialized account management services to its clients. In this demanding market, all customers are perfectionists. The customer rightfully demands that banks are thoroughly aware of the business and its market conditions, as well as capable of prompt and creative actions. Our service is designed accordingly.
Our financing specialists are active in:
- advising client on analyzing the potential capital structure and financing solutions available across a broad array of debt products, including addressing credit rating implications
- providing structuring and execution of lending transactions
- granting access to significant size financing through the international syndicated market
- offering facility and security agency services for Corporate and Structured Finance transactions
Corporate Lending
Handles loans to corporates with a view to the meeting clients’ financial needs connected to specific investments or generated by growth. Financing solutions are offered to large or mid-size domestic and international corporate clients, whether industrial or service-oriented.
- Bilateral loans
- Club-deal loans
- Syndicated loans
- Leveraged Finance
Provides financial support to corporate and institutional investors on leveraged transaction involving the acquisition of stakes of listed or non-listed companies. Develops, arranges, structures, underwrites and executes a full array of financial solutions arranged in complex fashion and, because of their size, often syndicated on the international market.
- Acquisition Finance
- LBO/MBO Finance
- Structured Finance
Thanks to a solid experience across a broad range of industries, advises clients on the whole structure of transactions involving industria or infrastructure investment/projects, including bid strategy, selection of the most ecient type of debt instrument, hedging techniques, contractual structuring and financial modeling.
- Project Finance
- Infrastructure Finance
- Real Estate Finance
- Export Finance
Provides nancial support to exporters of goods and services to counterparties usually located in emerging markets, including with the support of government organizations granting the insurance cover and/or interest rate subsidy (such as SIMEST, SACE or other European export credit agencies). Structuring of transactions, often syndicated, goes hand-in-hand with advisory services provided to clients in respect of negotiations with commercial counterparties and nancial or sovereign institutions.
- Export credit (BuyersTM Credit, SuppliersTM Credit)
- Trade Finance, L/C Facilities
- Pre-export Finance
- Commercial loans
- Untied loans
- Islamic Finance
For further information or if you want to receive our Standard Fees, Commissions, please contact us.
FINANCIAL DISTRESS RELIEF
The economic downturn beginning in 2007 is associated with a marked increase in defaults of private equity ownership rms which obtained leveraged loan nancing between 1997 and 2010. Approximately 50% of defaults involve PE-backed companies. However, PE-backed rms are no more likely to default during this period than other rms with similar leverage characteristics. But defaulting rms that are private equity backed spend less time in nancial distress and are more likely to survive as an independent reorganized company versus being sold to a strategic buyer or liquidated. The ability to restructure more eciently seems to be aected by the private equity sponsor’s nancial as well as reputational capital. In contrast, recovery rates, junior creditors are lower for PE-backed rms.
Leveraged buyouts (LBOs) by private equity funds have played a dominant role in corporate nance for more than two decades.
Dating back to 1989, proponents have identied the benets of LBOs including the discipline of high leverage, concentrated ownership structure, and monitoring by private equity (PE) sponsors. Relatively less attention has been given to the potential downside of these transactions, namely that their high debt levels greatly increase the risk of nancial distress. The most recent LBO boom, ending abruptly with the beginning of the nancial crisis in 2007, has left a record number of PE-owned rms in default.
To assess the impact of PE owners on defaulted rms, we focus on four observable measures: the restructuring type (in versus out of court), restructuring outcome (ability to reorganize as an ongoing independent concern), time in restructuring, and recovery rates. Conditional on default, PE-backed rms are more likely to remain independent rms after default, rather than be sold to another company or liquidated piecemeal. Interestingly, this result is driven by PE- backed rms being more likely to survive when they are only financially rather than economically distressed.
Moreover, PE-backed reorganizations are resolved more quickly than non PE-backed rms. The differences in time-to-resolution are both statistically and economically significant, with PE- backed rms completing reorganizations four months (27%) earlier than control rms, holding other risk characteristics constant. This result is partially explained by a higher frequency of pre- packaged bankruptcies among PE-backed rms. Within the PE-backed defaults, we also nd evidence that rms backed by PE sponsors with more financial and reputational capital are more likely to restructure out of court, resolve their financial distress quicker, and are more likely to remain independent after financial distress is resolved.
Personal debt has also become one of the biggest concerns for most developed countries. An average US household is estimated to have about $19,000 of non-mortgage debt. When debt loads are this heavy, individuals nd it extremely difficult to repay their debts. A credible and experienced lead financial adviser is key to reaching a consensual debt restructuring between a borrower and its creditors that yields the best return to all parties concerned.
As an independent party, WIC actively manages the debt restructuring process and deals with issues faced in an objective and timely manner for a successful outcome.
It is imperative that a business which is faced with funding issues or in distress develops a rapid response plan in order for it to survive. A turnaround plan becomes essential when:
An under-performing business or subsidiary of an otherwise healthy group needs to improve its performance;
Management requires situational support during a turnaround planning process; or a significant cash shortfall needs addressing through performance improvement, capital raising or disposal.
Our restructuring suite consists of a range of services which can be customized to meet the unique needs of each client. For specific information on the types of financial distress relief services offered by WIC, please contact us directly.
FOREIGN DIRECT INVESTMENTS (FDI)
The center of gravity of the world economy gradually moves to Asia. The volume of foreign investments in the Russian economy after Russia’s joining the World Trade Organization (WTO) will grow by several times (foreign direct investment in the Russian economy already increased by 8 percent in 2024 totaling $76.743 billion).
Here at WIC, we strongly believe this trend will continue at least in the near term – 3-4 years. Russian public sector debts are low by global standards, at 14 per cent of GDP and although government budget forecasts have traditionally been conservative, notably on the oil price, good investment opportunities will certainly present themselves shortly.
Located in one of the world’s most resource-rich regions, the Russian Far East suggests major potential interactions with some of the fastest growing economies in Northeast Asia, namely, Japan, Korea and China. Russian economic reform have increased the chance of realizing such potential. The Russian Far East could help Japan and South Korea to increase the security of resource supply for the two countries’ economies, whereas the Russian Far East could take advantage of these countries’ capital and technology to speed up regional economic development and the region’s integration into the Asia-Pacific economy.
In China, our investment priorities mainly include: new agriculture technologies, comprehensive development of agriculture, energy resources, communications, important raw materials, new and high technologies, export-oriented and foreign-currency-earning projects, comprehensive utilization and regeneration of resources, prevention of environmental pollution, and those that give play to the advantages of China’s Midwest areas.
Creating innovative solutions tailored to the financing needs of the growing private entity
Provide operational and strategic support to management using resources and a broad network of contacts in collaboration with management
Arrive at coherent and achievable business plans
THEREFORE WIC :
- Selects investments based on economic and nancial objectives, and an assessment of the commercial return.
- Allocates capital and assets within the given risk tolerance of the owner to maximize shareholder value.
- Usually does not seek an active role in the companies in which it invests nor attempts to inuence those companies’ operations.
Westward Investment Corp.: A 2024 Perspective
Westward Investment Corp. continues to stand as one of the leading financial services institutions in the United States. With a steadfast commitment to prioritizing our clients’ interests, we offer a comprehensive suite of financial services designed to enhance efficiency and profitability for over 300,000 clients nationwide. Our innovative alternative investment strategies, spanning both developed and emerging markets, remain a key driver of growth, supported by a team of experienced investment professionals, robust risk management frameworks, and an extensive global infrastructure.
Operating across 11 countries in North America, Europe, and the Asia-Pacific region, Westward Investment Corp. has solidified its position as a truly dynamic and globally integrated financial institution. Our expansive reach enables us to maintain close relationships with our shareholders and clients across diverse financial sectors. At the heart of our operations lies a commitment to reliability, collaboration, and innovation, as we leverage global insights and local expertise to address the financial challenges of today.
As of November 30, 2024, the company reported consolidated total assets of $180.3 billion, reflecting a 26.5% increase over two years. These assets support a broad clientele, including corporations, institutional investors, hedge funds, healthcare organizations, educational institutions, and small businesses.
Performance Highlights
Across all six business segments, earnings in fiscal year 2024 saw strong growth, driven by higher client demand for diversified investment solutions and corporate lending.
Global Investment Insights: Our local-market-focused teams continued to deliver tailored strategies and proprietary insights, enabling clients to navigate an increasingly complex economic landscape.
Customized Client Solutions: By combining market intelligence with personalized relationship management, we reinforced our role as a trusted partner in achieving financial and wealth protection goals.
Innovative Fixed-Income Strategies: In response to challenges such as persistent inflation and elevated interest rates, we expanded our range of strategic fixed-income products, providing clients with robust diversification opportunities.
Key Financial Market Influences in 2023/24
Higher Interest Rates: Following the Federal Reserve’s prolonged tightening cycle, elevated interest rates throughout 2023 and 2024 increased borrowing costs but created opportunities for investment in high-yield fixed-income products.
Resilience of Equity Markets: Despite a volatile start to the year, equity markets in the U.S. rebounded, driven by strong corporate earnings in sectors like technology and healthcare. This provided a favorable backdrop for our alternative investment strategies.
Real Estate Market Recovery: A stabilization in housing prices and mortgage rates facilitated renewed investor interest in real estate-backed securities and loans, contributing to growth in our asset management segment.
Continued Digital Transformation: The financial services industry witnessed rapid digitization, and Westward Investment Corp. remained at the forefront, integrating advanced analytics and AI-powered tools to enhance decision-making and client interactions.
FINANCIAL HIGHLIGHTS
Fiscal Year 2024 Overview
In 2024, WIC reported revenues of $6.2 billion, marking a significant increase compared to prior years. Earnings from continuing operations reached $125.4 million, more than doubling since 2018.
The Consumer & Business Banking segment delivered net income of $420 million, a $75 million (+21.7%) increase from the previous year.
Net revenues totaled $2.1 billion, up 15% year-over-year. Net interest income reached $0.8 billion, rising 10%, driven by higher interest rates that offset a decline in average deposits. Noninterest revenues climbed 20% to $0.6 billion, bolstered by a recovery in debit card transactions and commercial credit growth.
The provision for credit losses rose slightly to $34.8 million from $33 million in the prior year, reflecting stabilized consumer credit in a high-rate environment. Net charge-offs decreased to $33.2 million (a net charge-off rate of 1.98%) from $35.4 million (2.12%) the previous year.
Noninterest expenses reached $1.1 billion, up 5%, driven by investments in technology to enhance the digital customer experience and expansion into new metropolitan markets.
Mortgage Production and Servicing
The Mortgage Production and Servicing segment reported net income of $240 million, a $38 million increase from 2023.
Mortgage production posted record pre-tax income of $0.9 billion, up $150 million (+20%) year-over-year. Production-related revenues surged to $1.25 billion (+25%), fueled by a rise in refinancing applications spurred by stabilized mortgage rates around 5.5% in Q3 2023. Production expenses totaled $390 million, an 18% increase from the prior year.
The servicing segment reported a pre-tax loss of $40 million, improving from a $52 million loss in 2023. Servicing revenues, including mortgage servicing rights (MSR) amortization, reached $220 million (+15%), supported by lower MSR amortization due to stable prepayment rates.
Real Estate Portfolios
The Real Estate Portfolios segment recorded net income of $110 million, a significant turnaround from a net loss of $25 million in 2023.
Net revenues grew 10% to $1.2 billion, driven by higher interest revenues stemming from a reduction in non-performing loans.
The provision for credit losses fell to $420 million, down from $500 million in 2023, reflecting declining delinquencies in the residential real estate portfolio.
Key Influences on the US Financial Market in 2023
- Tight Monetary Policy: The Federal Reserve maintained high interest rates throughout much of 2023, curbing inflation while increasing the cost of credit for businesses and consumers.
- Real Estate Recovery: Following a slowdown in 2022, the housing market showed signs of recovery, with moderate price growth and stabilized mortgage demand.
- Digital Economy Expansion: The surge in digital transactions and online banking services drove technological investments by WIC, boosting its market share in this competitive landscape.
Future Outlook
Westward Investment Corp. remains dedicated to delivering innovative and customized solutions for our clients. As global markets continue to evolve, we will leverage our unmatched combination of deep market expertise and local presence to help clients seize opportunities and mitigate risks.
Through a commitment to collaboration, innovation, and sustainability, we look forward to another year of success, ensuring that our clients remain empowered to achieve their financial aspirations in an increasingly dynamic global environment.
Westward Investment Corp.’s core business areas
- Financial rescue services
- Business lending and credit support
- Small business financing
- Mortgages
- Overseas direct investment
- Commodities trading
In essence
We provide an objective perspective, backed by the willingness and flexibility to look beyond the easy deal. Designing a well-structured liquidity solution is always a dynamic process where the liquidity provider engages the client in a conversation. Rewards, long-term relationships, data-driven consulting, access to essential resources and exceptional execution: welcome to Westward Investment Corp..
SMALL BUSINESS LOANS
There’s no question that owning your own business is a risky proposition. But, with risk comes reward. Said another way, the better you are at managing risk, the more rewards you can reap. Whether you’re a start-up, a sole proprietorship, or a limited liability corporation, getting a small business loan will be one of your top priorities if you’re looking to expand your company’s potential.
Help ensure your business growth and success with a small business loan from WIC. Limited cash ow hinders growth. In fact, many small businesses fail because they don’t have the cash they need, when they need it.
WIC is a friend to small business. Turn to our knowledgeable, friendly, and attentive representatives to help you with small business start up loans, small business administrative loans, or any loans for small business.
Use your small business loan money for any business expense. We do not monitor the usage of your small business loan. You can use it to:
- Purchase new equipment
- Improve cash ow for more stability within your operation
- Expand your business
- Market/advertise your company
- Make improvements
- Fund emergencies
In this economy, it may seem more dicult than ever to nd small business loans and aordable small business loan rates. Not so with WIC. Even if you have had problems with credit in the past, we can help you with small business start up loans, small business administrative loans or
any of our many small business loan options to help you with your cash ow.
Applying for secured small business loans is easy. We require minimal documentation, and, in most cases, there is no application fee. You’ll also be surprised by our small business loan rates. So contact us now.
MORTGAGES
A properly structured home purchase loan allows you to get the home you want with a payment that fits your budget. Even first time home buyers have many options when it is time to purchase their first home. We can help you choose the right program, price range, and even direct you to the right Realtor for you in your area.
One of the biggest concerns of first time home buyers when they’re looking at getting their first mortgage is just how much money they’re going to require. Qualifying for a mortgage is the first hurdle to overcome, but that only gets them so far if they just don’t have the cash that they need to provide to follow through with a purchase.
Understanding what you’ll be responsible for paying for in cash is good information to have before you even submit a mortgage application. The specific costs can vary depending upon the state that you live in, the cost of your home and a few other factors, but here are some basic things to consider that will contribute to your costs.
In order to qualify for a mortgage, you will have to produce a down payment as a mortgage cannot cover by law the full cost of a home. The specific amount required for a down payment depends upon state guidelines as well as the type of loan. WIC mortgage loans oer the lowest down payment options for those who qualify, requiring under 3.5% of the purchase price down. Typically, first time home buyers put down less than 10% of the purchase price when they are qualified to do so.
In addition to requiring money for your mortgage down payment, you’ll need to save money for closing costs. This is something that you may be able to get paid by the seller of your new home, but as this is not something that’s guaranteed, it is wise to
have some money on hand to pay for all of the costs of purchasing a home that cannot be rolled into your mortgage. If you present a mortgage lender an offer that does not include closing costs covered by the seller, often as a rst time home buyer, you are required to prove that you have the money to cover them. 1.5% to 2.5% of the purchase price are a fair estimate for your closing costs, and somewhere in this range is what a mortgage lender will typically need to confirm.
A mortgage broker can help you go over the estimated amount that you’ll need to pay based on your target purchase price so you can be prepared in advance to make your first home purchase!