Asset Management

ASA Gold and Precious Metals Board Shareholders Elect Saba Capital Nominees to the Fund’s Board of Directors

Retrieved on:

Wednesday, May 1, 2024

Banking, Asset Management, Professional Services, Finance, General counsel, Annual general meeting, NAV, Boaz Weinstein, Fund, Gold, ASA

Saba Capital Management, L.P. (“Saba” or “we”), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Fund”), today commented on the outcome of the Fund’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”).

Key Points:

Saba Capital Management, L.P. (“Saba” or “we”), the largest common shareholder of ASA Gold and Precious Metals Limited (NYSE: ASA) (“ASA” or the “Fund”), today commented on the outcome of the Fund’s 2024 Annual Meeting of Shareholders (the “Annual Meeting”).
Based on preliminary results of the Annual Meeting, shareholders voted to elect Saba nominees Ketu Desai and Paul Kazarian to ASA’s Board of Directors (the “Board”).
No other nominee, including the incumbent directors sitting for reelection, received a majority of votes cast required under the bylaws.
Saba’s directors will take action to improve shareholder returns, rebuild trust and protect shareholders’ rights.”

Alta Pest Control Announces Minority Partnership With Trivest

Retrieved on:

Tuesday, April 30, 2024

Other Retail, Professional Services, Specialty, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Asset Management, Construction & Property, Retail, Other Professional Services, Building Systems, Finance, Consulting, Investment, Emergency, Pest control, Growth, Cryptocurrency

Alta Pest Control (“Alta” or the “Company”) announces a minority growth investment from Trivest Partners (“Trivest”).

Key Points:

Alta Pest Control (“Alta” or the “Company”) announces a minority growth investment from Trivest Partners (“Trivest”).
Alta was founded by the Langlois family (Chris, Michael, and Tyler) in Seattle, Washington, with the mission to provide safe and effective pest control solutions for customers.
“For over a decade, Alta has maintained its mission to provide safe and effective solutions with a customer-first mindset,” said Chris Langlois, CEO at Alta Pest control.
TGIF II, with $435 million in committed capital, provided the Alta investment on behalf of Trivest.

DALBAR Report Unveils the Top Brokerage Account Statements

Retrieved on:

Tuesday, April 30, 2024

Banking, Asset Management, Professional Services, Finance, Morgan Stanley, Retirement, Best practice, QR, URL, Investment, BNY, Disclosure, Financial adviser

DALBAR, Inc., the authority on financial services communications quality, released the results of its 26th annual review of account statements and revealed BNY Mellon’s Pershing, Merrill and Morgan Stanley as the firms to beat relative to brokerage account statements.

Key Points:

DALBAR, Inc., the authority on financial services communications quality, released the results of its 26th annual review of account statements and revealed BNY Mellon’s Pershing, Merrill and Morgan Stanley as the firms to beat relative to brokerage account statements.
BNY Mellon’s Pershing takes top honors for brokerage statements for the 6th consecutive year in their ongoing quest to provide clear organization featuring robust holdings and client details.
Merrill, maintaining the number two spot among brokerage statements, excels at fee transparency and offers clients an upfront display of the top holdings in the account.
DALBAR’s Trends & Best Practices in Investor Statements is an annual publication ranking statements across brokerage, mutual fund, retirement, and variable annuity accounts, analyzing both the level of detail offered and the overall presentation of account information.

AlTi Global, Inc. to Announce First Quarter 2024 Financial Results

Retrieved on:

Tuesday, April 30, 2024

Asset Management, Professional Services, Finance, Webcast, Event, Joel Tobeck

AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi”), a leading independent global wealth and alternatives manager with over $70 billion in combined assets, today announced it will release its financial results for the first quarter 2024 before market open on Friday, May 10, 2024.

Key Points:

AlTi Global, Inc. (NASDAQ: ALTI) (“AlTi”), a leading independent global wealth and alternatives manager with over $70 billion in combined assets, today announced it will release its financial results for the first quarter 2024 before market open on Friday, May 10, 2024.
Management will host a conference call and webcast the same day at 9:00 am Eastern Time to provide a business update and discuss the financial results for the quarter.
The conference call will be broadcast live on the Events & Presentations section of the AlTi investor relations website.
An archived replay will be available on the Investor Relations website, and through the dial-in numbers listed below:
A replay of the webcast will be available on AlTi’s website for one year following the conference call.

Julie Wallace Moves Her $100 Million Practice to Ameriprise Financial to Embrace Client-First Culture and Operational Excellence

Retrieved on:

Tuesday, April 30, 2024

Finance, Consulting, Banking, Professional Services, Asset Management, Dream, Growth, Financial adviser

Financial advisor Julie Wallace recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from Wells Fargo Clearing Services, LLC in Petaluma, California with over $100 million in client assets.

Key Points:

Financial advisor Julie Wallace recently joined the independent channel of Ameriprise Financial, Inc. (NYSE: AMP) from Wells Fargo Clearing Services, LLC in Petaluma, California with over $100 million in client assets.
The primary reason Wallace moved to Ameriprise was simple: She wanted more time to work directly with clients and help them reach their financial goals and dreams.
So, when I saw how the firm shares my client-centric philosophy, it all felt right,” said Wallace.
The team is supported locally by Ameriprise franchise field vice president Dean McGill and Ameriprise regional vice president Marcus Ranger.

Astatine Investment Partners Successfully Exits HEP Catalyst InvestCo Investment

Retrieved on:

Tuesday, April 30, 2024

Professional Services, Other Professional Services, Oil, Gas, Energy, Finance, Asset Management, Permian, Sale, Natural gas, Delaware Basin, Investment, Devon Energy, Growth, Astatine, Petroleum

Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas.

Key Points:

Astatine Investment Partners (“AIP” or “Astatine,” formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture that indirectly owns a 50% stake in an oil gathering and gas processing system in the Permian Basin, to one of its joint venture partners, Howard Energy Partners, a diversified midstream energy company headquartered in San Antonio, Texas.
HEP Catalyst InvestCo (“Catalyst”) owns 50% of Catalyst Midstream Partners, which owns and operates an oil gathering pipeline system and three gas processing plants in the Delaware Basin of the greater Permian Basin.
Funds managed by Astatine Investment Partners acquired an interest in Catalyst in 2017, when Catalyst was formed as a joint venture with Howard Midstream Energy Partners (“Howard”).
Astatine’s exit of Catalyst marks the second investment alongside Howard; Astatine also owned a large stake in Howard from 2013 to 2022.

Brookfield Reinsurance and AEL Announce Expected Closing Date for Brookfield Reinsurance’s Acquisition of AEL

Retrieved on:

Tuesday, April 30, 2024

Professional Services, Small Business, Insurance, Finance, Asset Management, Banking, Personal Finance, Acquisition, TSX, AEL, Reinsurance

Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that the previously announced acquisition of AEL by Brookfield Reinsurance is expected to close following the close of market on May 2, 2024.

Key Points:

Brookfield Reinsurance (NYSE, TSX: BNRE) and American Equity Investment Life Holding Company (NYSE: AEL) (“AEL”) today announced that the previously announced acquisition of AEL by Brookfield Reinsurance is expected to close following the close of market on May 2, 2024.

Latest Operation HOPE Research Shows Increasing Concern About the Economy and Impact of Inflation in the First Quarter of 2024

Retrieved on:

Tuesday, April 30, 2024

This is the second iteration of The HOPE Insider survey, which was first conducted in November of last year.

Key Points:

This is the second iteration of The HOPE Insider survey, which was first conducted in November of last year.
This latest survey, conducted by Operation HOPE’s research team last month, was sent to Operation HOPE’s client base of adults, small business owners, and entrepreneurs who have sought the organization’s financial wellness services.
The HOPE Insider Survey solicited responses from all current and former clients in Operation HOPE’s database via email between March 11 and March 24, 2024.
The survey features a diverse representative set with respondents from all adult age ranges, ethnicities, genders, and household incomes across the U.S.

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.

Prudential Financial, Inc. Announces First Quarter 2024 Results

Retrieved on:

Tuesday, April 30, 2024

Asset Management, Professional Services, Insurance, Finance, Corporation, Table, PRU, Term, Common, Policy, PGIM, Life, Growth, Prudential Financial, Loss, GAAP, Long-term care, Disability, Assurance

Net income attributable to Prudential Financial, Inc. was $1.138 billion ($3.12 per Common share) for the first quarter of 2024, compared to $1.462 billion ($3.93 per Common share) for the first quarter of 2023.

Key Points:

Net income attributable to Prudential Financial, Inc. was $1.138 billion ($3.12 per Common share) for the first quarter of 2024, compared to $1.462 billion ($3.93 per Common share) for the first quarter of 2023.
PGIM, the Company’s global investment management business, reported adjusted operating income of $169 million for the first quarter of 2024, compared to $151 million in the year-ago quarter.
Businesses reported adjusted operating income of $839 million for the first quarter of 2024, compared to $760 million in the year-ago quarter.
Reported adjusted operating income of $441 million in the current quarter, compared to $396 million in the year-ago quarter.