Asset Management

Rithm Capital Corp. Completes Acquisition of Computershare Mortgage Services Inc., Expanding Newrez LLC’s Servicing Portfolio and Subservicing Platform

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Residential Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Banking, Acquisition, RITM, SLS, History, UPB

Rithm Capital Corp. (NYSE: RITM; “Rithm Capital”) today completed its previously announced acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (“SLS”).

Key Points: 
  • Rithm Capital Corp. (NYSE: RITM; “Rithm Capital”) today completed its previously announced acquisition of Computershare Mortgage Services Inc. and certain affiliated companies, including Specialized Loan Servicing LLC (“SLS”).
  • Immediately following the closing of the acquisition, SLS merged into Newrez LLC (“Newrez”).
  • “SLS will further expand our robust subservicing business and brings with it a great reputation in the market – the team and Newrez share a commitment to delivering a best-in-class experience to both clients and homeowners,” said Baron Silverstein, President of Newrez.
  • “The power of the combined platform will strengthen Newrez’s positioning in the market.”

Investcorp Credit Management BDC, Inc. Schedules Earnings Release for Third Quarter Ended March 31, 2024

Retrieved on: 
Wednesday, May 1, 2024
Asset Management, Professional Services, Finance, Credit management, BDC, Eastern Time Zone

Investcorp Credit Management BDC, Inc. (formerly CM Finance Inc.) (NASDAQ:ICMB) (“ICMB” or “the Company”) today announced that it will release its financial results for the quarter ended March 31, 2024 on Tuesday, May 14, 2024, after the close of the financial markets.

Key Points: 
  • Investcorp Credit Management BDC, Inc. (formerly CM Finance Inc.) (NASDAQ:ICMB) (“ICMB” or “the Company”) today announced that it will release its financial results for the quarter ended March 31, 2024 on Tuesday, May 14, 2024, after the close of the financial markets.
  • The Company will host an earnings conference call at 12:00 pm (Eastern Time) on Wednesday, May 15, 2024.
  • All interested parties may participate in the conference call by dialing (800) 550-9893 5-10 minutes prior to the call; international callers should dial (858) 609-8959.
  • For those who are not able to listen to the call, a replay will be available shortly after the call by visiting our website at http://icmbdc.com/earnings-calls/ .

Platform Expands Wealth Management Offering, Accelerating Growth of Platform Advisors Arm

Retrieved on: 
Wednesday, May 1, 2024
Technology, Finance, Fintech, Consulting, Banking, Accounting, Professional Services, Software, Small Business, Asset Management, Adviser, Research, Acquisition

Platform Advisors, the professional services arm of Platform Accounting Group, announced the launch of Platform Wealth Advisors , a national wealth management advisory.

Key Points: 
  • Platform Advisors, the professional services arm of Platform Accounting Group, announced the launch of Platform Wealth Advisors , a national wealth management advisory.
  • With the acquisition of Walpole Financial Advisors based in Goleta, Calif., Platform has launched Platform Wealth Advisors to better serve its current tax and accounting clients in need of trusted wealth advisors.
  • Platform Wealth Advisors not only uses an investment approach grounded in the latest financial science and research, they have access to a network of industry-leading professional services teams.
  • Platform Advisors provides those local clients and the broader Platform network access to specialized expertise and a myriad of professional services, including specialty tax, wealth management, technology consulting and more.

BrandywineGLOBAL - Global Income Opportunities Fund Inc. (BWG or “the Fund”; CUSIP: 10537L104) Announces Notification of Sources of Distributions

Retrieved on: 
Wednesday, May 1, 2024
Asset Management, Professional Services, Finance, Performance, Franklin Templeton Investments, NAV, Annual, Total return, Policy, Fund

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points: 
  • Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
  • The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of March 31, 2024.
  • Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2023 through March 31, 2024, assuming reinvestment of distributions paid.
  • Opportunities Fund Inc., please visit our web site at:
    Data and commentary provided in this press release are for informational purposes only.

Northern Trust Pension Universe Data: Canadian Pension Plan Returns Concluded the First Quarter With an Upbeat Tone Buoyed by Rising Stock Markets

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Data Analytics, Finance, Asset Management, Banking, Personal Finance, Universe, Corporation, LPR, Consumer, Real estate, St Jude's GAA, International, Federal Reserve, Information technology, European Central Bank, Policy, Bank, Population growth, ECB, Friction, Energy, Federal, MSCI, Growth, Bank of Canada, Weakness, Public utility, Reserve Bank, CAD, Optimism, Health care, Fed, Fixed income, Boj, BOC, RBI, Global Industry Classification Standard, People's Bank of China

The first quarter of 2024 was dominated by macro-economic data flows, with particular focus on inflation and its salient components.

Key Points: 
  • The first quarter of 2024 was dominated by macro-economic data flows, with particular focus on inflation and its salient components.
  • The first quarter of 2024 witnessed some bumpy days in the financial markets driven by uncertainty surrounding the timing of monetary easing.
  • Emerging markets witnessed positive returns for the quarter, but lagged results observed by developed markets.
  • The Canadian Fixed Income market, as measured by the FTSE Canada Universe Bond Index, declined -1.2% for the quarter.

Moody’s Upgrades Assured Guaranty Corp.’s Rating and Affirms Assured Guaranty Municipal’s Rating

Retrieved on: 
Wednesday, May 1, 2024
Asset Management, Professional Services, Finance, Guarantee, AGC, Risk, BAA2, Security (finance), Insurance, Assured Investment Management, AGM, Risk management

Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Moody’s Investors Service (Moody’s) upgraded to A1 from A2 the insurance financial strength (IFS) rating of Assured Guaranty Corp. (AGC).

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced that Moody’s Investors Service (Moody’s) upgraded to A1 from A2 the insurance financial strength (IFS) rating of Assured Guaranty Corp. (AGC).
  • Moody’s affirmed the A1 ratings of Assured Guaranty Municipal Corp. (AGM) and its subsidiary Assured Guaranty UK Limited (AGUK).
  • Assured Guaranty continues to offer a uniquely beneficial value proposition to both issuers and fixed income investors.”
    Additionally, Moody’s affirmed the Baa1 long-term issuer rating of Assured Guaranty Ltd.
  • It also affirmed the senior (Baa1) and junior subordinated (Baa2) debt ratings of Assured Guaranty US Holdings Inc. and Assured Guaranty Municipal Holdings Inc.

Tiptree Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Other Construction & Property, Insurance, Finance, Construction & Property, Asset Management, Corporation, Tiptree, MSR, Tax, Nature, Capital loss, GAAP, Cryptocurrency

Tiptree Capital income before taxes was $3.7 million for the quarter, compared to a loss of $1.1 million in Q1'23, driven by higher mortgage revenues and investment gains on securities in the Company’s investment holdings.

Key Points: 
  • Tiptree Capital income before taxes was $3.7 million for the quarter, compared to a loss of $1.1 million in Q1'23, driven by higher mortgage revenues and investment gains on securities in the Company’s investment holdings.
  • In April 2024, the Company sold its Invesque shares for $0.6 million, thus eliminating quarterly mark-to-market volatility, and crystallizing a capital loss for tax purposes of approximately $108 million.
  • Tiptree will host a conference call on Thursday, May 2, 2024 at 10:30 a.m. Eastern Time to discuss its Q1 2024 financial results.
  • A replay of the call will be available from Thursday, May 2, 2024 at 01:30 p.m. Eastern Time, until midnight Eastern on Thursday, May 9, 2024.

Fiduciary Trust International Welcomes Edward J. Mooney as Managing Director and Financial Planning Director

Retrieved on: 
Wednesday, May 1, 2024
Personal Finance, Finance, Consulting, Professional Services, Asset Management, Franklin Templeton Investments, BNY Mellon, MSKCC, JD, NewYork-Presbyterian Hospital, Fordham University, Investment, Fiduciary Trust Company International, New York Law School, Hospital, Fortune 500, Management

Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Edward J. Mooney is joining the firm as managing director and financial planning director.

Key Points: 
  • Fiduciary Trust International, a global wealth manager and wholly-owned subsidiary of Franklin Templeton, announces that Edward J. Mooney is joining the firm as managing director and financial planning director.
  • He will oversee the continuous innovation of the firm’s financial planning offering.
  • “Ed’s extensive industry experience perfectly complements our mission and commitment to delivering exceptional, best-in-class financial planning solutions to our clients,” said Leslie Gillin Bohner, chief fiduciary officer of Fiduciary Trust International.
  • “I’m honored to join the team at Fiduciary Trust International and contribute to the legacy of a firm deeply rooted in familial values, and committed to safeguarding and enhancing our clients’ wealth through generations,” said Mr. Mooney.

Aviation Capital Group Promotes Rob Downes to Chief Investment Officer and John Nally to Head of Aircraft Trading

Retrieved on: 
Wednesday, May 1, 2024
Finance, Air, Professional Services, Transport, Asset Management, Aircraft, Aviation, Capital Group Companies, Senior, Growth, ACG

Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, is pleased to announce the promotions of Rob Downes and John Nally to key leadership positions effective today.

Key Points: 
  • Aviation Capital Group LLC (ACG), a premier global full-service aircraft asset manager, is pleased to announce the promotions of Rob Downes and John Nally to key leadership positions effective today.
  • Rob Downes, currently Head of our Aircraft Trading business, has been promoted to the newly created position of Senior Vice President and Chief Investment Officer and will join ACG’s Senior Leadership Team.
  • John Nally, a member of our Trading team since 2021, has been promoted to Vice President, Head of Aircraft Trading.
  • John will lead the company’s aircraft trading initiatives, spearheading efforts to optimize ACG’s asset portfolio and strengthen its position in the global aviation market.

KKR & Co. Inc. Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
Asset Management, Professional Services, Insurance, Finance, Multimedia, Internet, KKR

KKR & Co. Inc. (NYSE: KKR) today reported its first quarter 2024 results, which have been posted to the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/ .

Key Points: 
  • KKR & Co. Inc. (NYSE: KKR) today reported its first quarter 2024 results, which have been posted to the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/ .
  • View the full release here: https://www.businesswire.com/news/home/20240501696101/en/
    A conference call to discuss KKR’s financial results will be held today, Wednesday, May 1, 2024 at 10:00 a.m.
  • Additionally, the conference call will be broadcast live over the Internet and may be accessed through the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/ .
  • A replay of the live broadcast will be available on KKR’s website beginning approximately one hour after the broadcast.