Asset management

Raymond James Financial Reports Fiscal Second Quarter of 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Total, Raymond James Financial, NIM, Bank, ESP, PCG, Asset management, RJF, Growth, Chair, Video game

Record quarterly net revenues increased 9% over the prior year’s fiscal second quarter and 3% over the preceding quarter, primarily driven by higher asset management and related administrative fees which grew to $1.52 billion.

Key Points: 
  • Record quarterly net revenues increased 9% over the prior year’s fiscal second quarter and 3% over the preceding quarter, primarily driven by higher asset management and related administrative fees which grew to $1.52 billion.
  • Quarterly net income available to common shareholders increased 12% over the prior year’s fiscal second quarter, largely due to higher net revenues along with a legal and regulatory net reserve release of $32 million in the quarter.
  • Compared to the preceding quarter, net income available to common shareholders decreased 5%, largely due to a reset of payroll taxes and salary increases in the fiscal second quarter.
  • During the fiscal second quarter, the firm repurchased 1.70 million shares of common stock for $207 million at an average price of $122 per share.

BeyondTrust Acquires Entitle, Strengthening Privileged Identity Security Platform with Paradigm Shifting Just-in-Time Access and Identity Governance

Retrieved on: 
Tuesday, April 16, 2024
Cloud, PAM, BeyondTrust, IGA, Software as a service, JIT, Acquisition, Intellectual property, Identity, Asset management

Strategic acquisition enhances BeyondTrust’s ability to tackle the sophisticated customer challenges of privileged access management (PAM) and cloud infrastructure entitlement management (CIEM) in today's cloud-centric landscape through unified orchestration.

Key Points: 
  • Strategic acquisition enhances BeyondTrust’s ability to tackle the sophisticated customer challenges of privileged access management (PAM) and cloud infrastructure entitlement management (CIEM) in today's cloud-centric landscape through unified orchestration.
  • ATLANTA, April 16, 2024 (GLOBE NEWSWIRE) -- BeyondTrust, the worldwide leader in intelligent identity and access security, today announced a definitive agreement to acquire Entitle, a pioneering privilege management solution that discovers, manages, and automates just-in-time (JIT) access and modern identity governance and administration (IGA) across the entire cloud estate.
  • These capabilities enhance a customer’s ability to provision user access to sensitive data and cloud resources on a time-bounded and “as-needed” basis.
  • BeyondTrust further solidifies its industry-leading Privilege Identity Security platform with the acquisition of Entitle, expanding beyond traditional privileged access management (PAM) to encompass dynamic, just-in-time access management across cloud, SaaS, and on-premises environments.

Ether Capital Announces Conclusion of its Strategic Review and Enters into an Agreement with Purpose Unlimited to Convert into a Staking Ether ETF

Retrieved on: 
Thursday, May 2, 2024
Professional Services, Technology, Blockchain, Other Technology, Finance, Fintech, Bitcoin, Agreement, Meeting, LLP, Ecosystem, ETF, Investment, Interim management, NAV, Framework, TSX, Multilateral, ETHC, Indian stock exchange, BTCC, Ontario Securities Commission, AUM, Transaction, Fund, Market, Interim, Minority, Asset management

Ether Capital Corporation (Cboe CA: ETHC) today announces the results of its strategic review.

Key Points: 
  • Ether Capital Corporation (Cboe CA: ETHC) today announces the results of its strategic review.
  • The Corporation would retain its Ether, cash and cash equivalents, which would become portfolio assets of the Fund.
  • The Corporation holds approximately 46,317 Ether, approximately 98% of which is staked, with the majority on its proprietary internally managed infrastructure.
  • It is worth noting that Purpose was a core partner in the founding and development of Ether Capital in 2018.

17 Asset Management & Syntax Announce The Launch of the 17AM-SDG 9 US Infrastructure & Innovation Index on SMArtX

Retrieved on: 
Thursday, May 2, 2024
Software, Insurance, Finance, Consulting, Banking, Data Management, Professional Services, Technology, United Nations, UN, Investment, Sustainable Development Goals, AI, City, ESG, SDG, Asset management, Transport

17 Asset Management (“17 AM”) and Syntax Data (“Syntax”) are pleased to announce the launch of the 17AM-SDG 9 US Infrastructure & Innovation Index, designed to capture investment opportunities aligned with the 9th United Nations (“UN”) Sustainable Development Goal (“SDG”).

Key Points: 
  • 17 Asset Management (“17 AM”) and Syntax Data (“Syntax”) are pleased to announce the launch of the 17AM-SDG 9 US Infrastructure & Innovation Index, designed to capture investment opportunities aligned with the 9th United Nations (“UN”) Sustainable Development Goal (“SDG”).
  • Patrick Shaddow, President and CEO of Syntax, said, “The 17AM-SDG 9 US Infrastructure & Innovation Index provides investors with pure play exposure to US infrastructure and innovation companies with a quality screen overlay.
  • Advisory firms and asset managers can access the 17AM-SDG 9 US Infrastructure & Innovation Index through the SMArtX model marketplace.
  • Please contact 17 AM or Syntax to learn more about the model and gain access to the SMArtX platform.

BTG Pactual raises more than $1 billion for Strategic Capital investment strategy

Retrieved on: 
Thursday, May 2, 2024
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Investment, Investment banking, BTG Pactual, Wealth management, Partnership, BTG, IPM, Worldwide Angel, Strat, Asset management, Growth, Financial services

BTG Pactual Asset Management, a global investment platform with US$ 177 billion in AUM/AUA (as of Q4, 2023), announced today that it finalized fundraising for its BTG Pactual Strategic Capital (“Strat Cap”) investment strategy.

Key Points: 
  • BTG Pactual Asset Management, a global investment platform with US$ 177 billion in AUM/AUA (as of Q4, 2023), announced today that it finalized fundraising for its BTG Pactual Strategic Capital (“Strat Cap”) investment strategy.
  • James Frank, Head of Strat Cap at BTG Pactual, said, “I am very pleased to announce this successful first vintage.
  • We look forward to continuing to attract a strong pipeline of customized capital solutions moving forward.”
    BTG Pactual Strategic Capital (“Strat Cap”) is an opportunistic investment strategy focused on asset-oriented businesses.
  • BTG Pactual Asset Management is a division of BTG Pactual with an international presence and US$ 177 billion in assets under management and administration.

Epicor Acquires Smart Software for AI-Powered Inventory Planning & Optimization Technologies

Retrieved on: 
Wednesday, May 1, 2024
Data Management, Technology, Logistics, Supply Chain Management, Transport, Software, Artificial Intelligence, Internet, ERP, IP, Acquisition, Forecasting, AI, Asset management

Epicor, a global leader of industry-specific enterprise software to promote business growth, today announced it has acquired Smart Software, a leading provider of cloud-based, AI-driven inventory planning and optimization (IP&O) applications, and an existing Epicor ISV partner.

Key Points: 
  • Epicor, a global leader of industry-specific enterprise software to promote business growth, today announced it has acquired Smart Software, a leading provider of cloud-based, AI-driven inventory planning and optimization (IP&O) applications, and an existing Epicor ISV partner.
  • “In today’s fast-paced and constantly evolving supply chain landscape, effective inventory management is critical for success,” said Epicor CEO Steve Murphy.
  • Best-in-Class Inventory Optimization and Cash Flow: With Smart Software, Epicor customers can strengthen their ability to balance inventory levels and optimize working capital.
  • “As a long-time Epicor ISV partner, we’re closely aligned in delivering customers the AI-powered technologies they need to improve forecast accuracy and optimize inventory levels,” said Smart Software President Greg Hartunian.

BTG Pactual Timberland Investment Group raises US$ 1.24 billion for core Latin America timberland strategy, exceeding target size

Retrieved on: 
Tuesday, April 30, 2024
Professional Services, Other Natural Resources, Other Professional Services, Forest Products, Natural Resources, Finance, Asset Management, Investment, Investment banking, Geography, BTG Pactual, Wealth management, TIG, Worldwide Angel, BTF, Asset management

The BTG Pactual Timberland Investment Group (TIG) announced today that it has finalized fundraising for BTF II, with equity commitments, including co-investments, totaling US$ 1.24 billion, exceeding its target size.

Key Points: 
  • The BTG Pactual Timberland Investment Group (TIG) announced today that it has finalized fundraising for BTF II, with equity commitments, including co-investments, totaling US$ 1.24 billion, exceeding its target size.
  • The BTG Pactual Timberland Investment Group (TIG) is one of the world’s largest timberland managers with US$ 6.9 billion assets and commitments and nearly 3 million acres under management throughout the U.S. and Latin America (as of Q1, 2024).
  • BTG Pactual (BPAC11) is the largest investment bank in Latin America, with a market capitalization of approximately US$ 25 billion, offering a diverse range of services, including Investment Banking, Corporate Lending, Sales & Trading, Asset Management, Wealth Management, and Banking.
  • BTG Pactual Asset Management is a division of BTG Pactual with an international presence and US$ 177 billion in assets under management and administration.

Tivoli Midstream Acquires Strategic Texas Gulf Coast Terminal Assets

Retrieved on: 
Monday, April 29, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, L.L.C, Intrepid, Investment management, Chocolate Bayou, Texas, Partnership, Acquisition, Union Pacific Railroad, Organization, Asset management

Tivoli Midstream LLC (“Tivoli”), today announced the closing of an acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County (the “Chocolate Bayou Assets”) from affiliates of Ascend Performance Materials, LLC (“Ascend”).

Key Points: 
  • Tivoli Midstream LLC (“Tivoli”), today announced the closing of an acquisition of strategic terminal and infrastructure assets located in the Gulf Coast of Texas in Brazoria County (the “Chocolate Bayou Assets”) from affiliates of Ascend Performance Materials, LLC (“Ascend”).
  • Tivoli is led by industry veterans with over 70 years of combined experience leading midstream and infrastructure organizations globally, including considerable experience in the Gulf Coast.
  • “With our acquisition of the Chocolate Bayou Assets, we are excited to create a leading Gulf Coast infrastructure hub,” said Rance Fromme, President of Tivoli.
  • “We have significant history operating in the Gulf Coast and have long been impressed by the quality, scale, and diversity of the Chocolate Bayou Assets.

CPS Energy to Power its Operations with Oracle Cloud

Retrieved on: 
Tuesday, April 30, 2024
Cloud, HR, City, Water, CPS Energy, Oracle, Asset management

AUSTIN, Texas, April 30, 2024 /PRNewswire/ -- Oracle today announced that CPS Energy plans to standardize its mission critical technologies on a single, modern Oracle cloud platform. By integrating data and processes across the utility, CPS Energy can optimize its operations and enhance service for its 1.3M customers. This collaboration supports the utility's Vision 2027 strategic plan designed to provide rapid transformational change to the City of San Antonio while delivering on its commitment to be a trusted and reliable community partner.

Key Points: 
  • AUSTIN, Texas, April 30, 2024 /PRNewswire/ -- Oracle today announced that CPS Energy plans to standardize its mission critical technologies on a single, modern Oracle cloud platform.
  • By integrating data and processes across the utility, CPS Energy can optimize its operations and enhance service for its 1.3M customers.
  • With Oracle's utility-proven portfolio of cloud applications for finance, operations, HR, customer service, and capital projects, CPS Energy can better serve its customers while increasing efficiency and innovation.
  • With our complete cloud platform for utilities, CPS Energy can benefit from connected data and tools to help improve how they do business and serve customers for years to come."

Galvanize Real Estate Acquires First Asset in Pioneering Profitable Decarbonization Strategy

Retrieved on: 
Friday, April 26, 2024
Professional Services, Sustainability, Alternative Energy, Energy, Socially Responsible Investing, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Environment, Green Technology, Urban Planning, Finance, Environmental, Social and Governance (ESG), Goldman Sachs, CO, Real estate, Baltimore/Washington International Airport, Tenant, Policy, Built environment, GRE, Natural gas, Heart, Partnership, Carbon, Dulles International Airport, ESG, Acquisition, Multimedia, I-95, Port, Asset management, Renewable energy

Galvanize Real Estate (“GRE”), the sustainable real estate strategy of global investment firm Galvanize Climate Solutions (“Galvanize”), today announced its acquisition of an 84,000 sq.

Key Points: 
  • Galvanize Real Estate (“GRE”), the sustainable real estate strategy of global investment firm Galvanize Climate Solutions (“Galvanize”), today announced its acquisition of an 84,000 sq.
  • (Photo: Business Wire)
    GRE’s sustainable real estate strategy aims to invest in and decarbonize properties while improving cash flow and increasing asset value.
  • “I’m thrilled that GRE has made its first investment in the Baltimore-Washington corridor, a target market for us due to its strong real estate fundamentals and sustainability factors,” noted Joseph Sumberg, Managing Partner & Head of Galvanize Real Estate.
  • Of its team of eight real estate professionals, five previously worked together at Goldman Sachs.