PIMCO

CoreWeave Announces Secondary Sale of $642 Million

Retrieved on: 
Monday, December 4, 2023
GPU, PIMCO, JPMorgan Chase, Magnetar Capital, Mistral, Alberta Investment Management Corporation, Drug discovery, Cloud computing, AI, IMCO, BlackRock, Inflection, Cryptocurrency, Medical device, NVIDIA

CoreWeave is delivering the next generation of cloud computing, with a modern approach to hardware engineering and proprietary software stack that is designed specifically for the most complex and intensive workloads like generative AI and drug discovery -- filling a void left unaddressed by the generalized offerings provided by hyperscalers. The Company's specialized approach to combining hardware and software expertise provides unprecedented performance, while also delivering complete end-to-end control of the compute environment for customers to optimize workload management, visibility and stability.

Key Points: 
  • "The AI industry is at an inflection point, and CoreWeave has played a central role in powering its evolution by delivering differentiated infrastructure to customers," said Michael Intrator.
  • "CoreWeave is solving critical issues by integrating the most performant and flexible GPU, networking and storage technologies into the most differentiated AI infrastructure available today.
  • In April, CoreWeave announced it had raised $221 million in Series B funding led by Magnetar Capital with contributions from NVIDIA, Nat Friedman and Daniel Gross.
  • One month later, CoreWeave secured $200 million in a Series B extension, also led by Magnetar Capital.

AMSURG Announces Board of Directors

Retrieved on: 
Thursday, November 30, 2023
Cerberus, Health, Merck & Co., Sale, Acquisition, Atlantic Council, First Solar, UnitedHealth Group, Woman, Council, CFO, Labcorp, PIMCO, Patient, American Banker, Insurance, King, SoftBank Group, Marketing, Merck, Army, Foreign policy, Trustee, Compensated emancipation, RBC Capital Markets, Ares Management, Army Forces Command (Germany), Growth, Hospital, Munich Re, Radiology, Kindred Healthcare, Cerberus Capital Management, Professional Football Compensation Committee, Santa Clara University, Management, Nursing, Pollina

NASHVILLE, Tenn., Nov. 30, 2023 /PRNewswire/ -- AMSURG, a leader in ambulatory surgery center services, announced appointments to the organization's Board of Directors. The announcement comes after a successful emergence as an independent company under new leadership and positioned for growth.

Key Points: 
  • NASHVILLE, Tenn., Nov. 30, 2023 /PRNewswire/ -- AMSURG, a leader in ambulatory surgery center services, announced appointments to the organization's Board of Directors.
  • King has been appointed as chair of the AMSURG Board of Directors, and he will also serve on the Compensation Committee.
  • "I am thrilled to have such seasoned and accomplished professionals serving on the AMSURG Board of Directors," said Jeff Snodgrass, president and CEO of AMSURG.
  • "It is an honor to join the AMSURG Board of Directors," said David King, chair of AMSURG's Board of Directors.

Frank Riccio to Join First Eagle as Head of Sales and Strategic Relationships—US Wealth Solutions

Retrieved on: 
Monday, November 6, 2023
Asset Management, Professional Services, Finance, First Eagle Investments, National accounts, Business administration, PIMCO, Riccio, Eagle, Practice management software, Marketing, CFA, Investment, First, Management, Financial adviser

First Eagle Investments (“First Eagle”) today announced the hiring of Frank Riccio, CFA, in the new role of Head of Sales and Strategic Relationships—US Wealth Solutions.

Key Points: 
  • First Eagle Investments (“First Eagle”) today announced the hiring of Frank Riccio, CFA, in the new role of Head of Sales and Strategic Relationships—US Wealth Solutions.
  • Riccio joins from PIMCO and will lead the day-to-day activities of the firm’s US Wealth Solutions business while also directing its strategic course in collaboration with President and Chief Executive Officer Mehdi Mahmud and Head of US Wealth Solutions Robert Bruno.
  • Riccio will start at First Eagle on November 13, 2023, reporting to both Mahmud and Bruno.
  • “I am excited about what the future holds for First Eagle and delighted to join the firm and its outstanding team of client-facing professionals.”

Windstream Names Paul H. Sunu Chief Executive Officer

Retrieved on: 
Monday, October 30, 2023
Internet, Other Technology, Technology, Telecommunications, Software, Lumen Technologies, Oaktree Capital Management, PIMCO, Zayo Group, Multimedia, Growth, Consolidated Communications, Electric Lightwave, Elliott Investment Management, CFO, FairPoint Communications, Chapter 11, Title 11, United States Code, Management, Lumen, Windstream Holdings

Windstream announced today that Paul H. Sunu has been named President and Chief Executive Officer, effective immediately.

Key Points: 
  • Windstream announced today that Paul H. Sunu has been named President and Chief Executive Officer, effective immediately.
  • He succeeds Tony Thomas, who has decided to depart the Company and step down from the Board, following a distinguished 17 years at Windstream.
  • Mr. Sunu has served as Chairman of the Board since 2020 and will retain his position.
  • During Mr. Thomas’ tenure, Windstream acquired, merged and integrated several companies, successfully restructured under Chapter 11 and launched its fiber transformation.

Forum Investment Group Hires Industry Veteran Lee Beck as Managing Partner

Retrieved on: 
Thursday, October 19, 2023
Partner (business rank), PIMCO, Growth, Kudu, JPMorgan Chase, Marketing, BlackRock, Financial services, Forum

DENVER, Oct. 19, 2023 /PRNewswire/ -- Forum Investment Group1 ("Forum"), a Denver-based real estate investment and asset management firm, announced today that industry veteran Lee Beck has joined the company's executive leadership team as Managing Partner.

Key Points: 
  • DENVER, Oct. 19, 2023 /PRNewswire/ -- Forum Investment Group1 ("Forum"), a Denver-based real estate investment and asset management firm, announced today that industry veteran Lee Beck has joined the company's executive leadership team as Managing Partner.
  • Beck will lead the firm's investment and distribution strategy to drive continued growth and innovative real estate investment solutions for Forum's investors and clients.
  • Prior to Forum, he was Founder and Managing Partner at North Advisory, LLC, where he advised global and boutique alternative investment management firms on growth, liquidity, and mergers & acquisitions.
  • "Lee is a well-respected investment management professional with a deep track record in corporate strategy and financial services," said Darren Fisk, Forum Founder & Chief Executive Officer.

PIMCO Selects HUB for Real-Time Operations Platform

Retrieved on: 
Tuesday, October 17, 2023
Software, Finance, Artificial Intelligence, Data Management, Professional Services, Technology, Fintech, Business, AI, Partnership, PIMCO, HUB, Automation, Warehouse

HUB today announces that Pacific Investment Management Company (PIMCO) is now live on the HUB platform.

Key Points: 
  • HUB today announces that Pacific Investment Management Company (PIMCO) is now live on the HUB platform.
  • HUB’s platform builds seamless connectivity between data and trading to optimise the investment industry’s operations technology, enabling AI and automation.
  • HUB will continue to enhance the platform to ensure additional solutions are provided through its highly scalable and modular technology architecture.
  • PIMCO will initially use two key products:
    Paul Taylor, CEO of HUB, said: “We are excited to have reached this significant milestone for HUB.

PIMCO Energy and Tactical Credit Opportunities Fund to Change Name and Investment Strategy

Retrieved on: 
Friday, September 22, 2023
New York Stock Exchange, Database, Policy, PIMCO, Investment Company Act of 1940, Investment, Form, Fund, NYSE, Cryptocurrency

NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) -- PIMCO Energy and Tactical Credit Opportunities Fund (NYSE: NRGX) (the “Fund”) announced that it will change its name, ticker symbol, investment objectives and guidelines, and portfolio manager lineup, as further described below.

Key Points: 
  • NEW YORK, Sept. 22, 2023 (GLOBE NEWSWIRE) -- PIMCO Energy and Tactical Credit Opportunities Fund (NYSE: NRGX) (the “Fund”) announced that it will change its name, ticker symbol, investment objectives and guidelines, and portfolio manager lineup, as further described below.
  • The Fund will be renamed “PIMCO Dynamic Income Strategy Fund” and its New York Stock Exchange ticker symbol will be “PDX”.
  • The Fund’s new investment objectives will be to seek current income as a primary objective and capital appreciation as a secondary objective.
  • The Fund will, however, continue to invest at least 25% of its total assets in the energy industry.

Chief Financial Officers call for greater private sector financing for the Sustainable Development Goals

Retrieved on: 
Thursday, September 21, 2023
PRI, Private sector, Paris, SDG, ENEL, Paris Agreement, United Nations, Socially responsible investing, Global Compact, Kalinga Lancers, Policy, Sustainable Development Goals, PIMCO, Education 2030 Agenda, United Nations Global Compact, Climate change, Carbon, CFOS, Global Investors Summit, European Credit Research Institute, Investment, United, Forward, UN, Chief financial officer, CFO, GISD, Sustainable development, Environment, Principles for Responsible Investment, News, Principle, SME, Renewable energy, Management

New York, United States of America, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Chief Financial Officers and other key actors in the investment community gathered at this year’s SDG Investment Forum in New York to call for accelerating private sector investment and financing to deliver the Sustainable Development Goals (SDGs) and  achieve the 2030 Agenda.

Key Points: 
  • New York, United States of America, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Chief Financial Officers and other key actors in the investment community gathered at this year’s SDG Investment Forum in New York to call for accelerating private sector investment and financing to deliver the Sustainable Development Goals (SDGs) and  achieve the 2030 Agenda.
  • Similarly, while private capital is abundant, only a small share is clearly aligned with the Global Goals.
  • The report underlines the key role Chief Financial Officers play in managing the risks and opportunities offered by taking action or lagging behind in the low carbon transition.
  • On the flip side, proactive action can bring a sustainable long-term competitive advantage to businesses.

Fannie Mae Announces the Results of its Twenty-Ninth Reperforming Loan Sale Transaction

Retrieved on: 
Thursday, September 14, 2023
BPO, Sale, PIMCO, OTCQB, Fannie Mae, UPB, Auction

WASHINGTON, Sept. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-ninth reperforming loan sale transaction.

Key Points: 
  • WASHINGTON, Sept. 14, 2023 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-ninth reperforming loan sale transaction.
  • The terms of Fannie Mae's reperforming loan sale require the buyer to offer loss mitigation options to any borrower who may re-default within five years following the closing of the reperforming loan sale.
  • All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including forbearance arrangements and loan modifications.
  • Fannie Mae will also post information about specific pools available for purchase on that page.

Media Advisory: Gary White and Matt Damon to join CEOs and global leaders at UN Global Compact Leaders Summit 2023

Retrieved on: 
Monday, September 11, 2023
Shift, Consultant, Education 2030 Agenda, Sustainable Development Goals, Investment, SVP, Environment, Corruption, Poverty, Chalhoub Group, CFOS, United Nations Office on Drugs and Crime, United, McCormick & Company, UN, IDH, BASF, Entrepreneurship, White, GSK, Water.org, Business, Climate change, Sustainability, BMW, Water, UPM, CFO, Foreign policy, Transparency International, United Nations, FCC, Agropolis Fondation, Economy, PIMCO, CRH, April Group, McCormick, CRH plc, Ten Principles for the Establishment of a Monolithic Ideological System, United Nations Global Compact, United States Department of State, Management, Renewable energy, Crime, Microsoft, Safaricom, Unilever, Shiseido, Responsibility, Nature

Gary White, CEO and Co-founder of water.org and WaterEquity and Matt Damon, Co-founder of water.org, will join Executive Director and CEO of the UN Global Compact, Sanda Ojiambo, CEOs of major corporations and other leaders from the United Nations, governments, civil society and UN Global Compact Local Networks to take stock of business progress on the Sustainable Development Goals (SDGs) at the UN Global Compact Leaders Summit 2023.

Key Points: 
  • Gary White, CEO and Co-founder of water.org and WaterEquity and Matt Damon, Co-founder of water.org, will join Executive Director and CEO of the UN Global Compact, Sanda Ojiambo, CEOs of major corporations and other leaders from the United Nations, governments, civil society and UN Global Compact Local Networks to take stock of business progress on the Sustainable Development Goals (SDGs) at the UN Global Compact Leaders Summit 2023.
  • The converging crises of climate change, a deadly global pandemic, worsening social and economic inequality, unchecked corruption and the devastating consequences of the war in Ukraine have caused unprecedented disruption and global transformation.
  • Alongside the UN General Assembly High-Level Week, this year’s UN Global Compact Leaders Summit will address business leadership during converging crises, the critical role of a principles-based approach, global trends, and tools and partnerships needed to fully achieve the 2030 Agenda.
  • The UN Global Compact will also reveal its twelve new SDG Pioneers — business leaders who are doing an exceptional job to advance the SDGs through the implementation of the Ten Principles of UN Global Compact on human rights, environment, labour and anti-corruption.