Asset Management

Sculptor Closes European CLO XI Totaling €354 million

Retrieved on: 
Tuesday, April 30, 2024
Banking, Asset Management, Professional Services, Finance, CLO, Sculpture, Partnership, Andrew Kohut, Barclays, Lisp (programming language), Ticker, Security (finance)

Sculptor Capital Management, Inc. (“Sculptor”) today announced the closing of a €354 million European collateralized loan obligation (CLO) transaction, Sculptor European CLO XI (Ticker: SCULE 11).

Key Points: 
  • Sculptor Capital Management, Inc. (“Sculptor”) today announced the closing of a €354 million European collateralized loan obligation (CLO) transaction, Sculptor European CLO XI (Ticker: SCULE 11).
  • This is the second CLO issued by Sculptor in 2024, following the successful closing of its $406 million US CLO XXXII (US CLO 32).
  • In addition, a portion of the equity was pre-placed with Sculptor’s recently launched captive CLO equity platform.
  • Adeel Shafiqullah, Head of European CLO Management at Sculptor, said, “We are pleased to have closed SCULE 11, which continues the expansion of our European CLO business and further demonstrates the benefits of our captive CLO equity platform to investors.

Kennedy Wilson and Haseko Acquire Two Multifamily Communities in Vancouver, Washington for $90 Million

Retrieved on: 
Monday, April 29, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Asset Management, Professional Services, REIT, Other Construction & Property, Residential Building & Real Estate, Interstate Highway System, Pacific Northwest, Interstate 205, Population growth, Haseko, Health, Partnership, Development, Investment, Kennedy Wilson, 28th Street, Multimedia, Homestead (buildings)

A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation to acquire The Farmstead and Villas at 28th Street communities in Vancouver, Washington.

Key Points: 
  • A real estate fund managed by Kennedy Wilson has partnered with Haseko Corporation to acquire The Farmstead and Villas at 28th Street communities in Vancouver, Washington.
  • The portfolio, which totals 350 multifamily units, was acquired for $90 million.
  • The two newly constructed, amenity rich communities build on Kennedy Wilson’s significant multifamily presence in the Pacific Northwest that is currently approaching 13,000 market rate and affordable apartment units.
  • To begin with, we are striving to reach $100 million in annual profit, it is imperative for us to collaborate with local investors like Kennedy Wilson.

Bungalow Projects and Bain Capital Real Estate Expand Production Studio Portfolio with Acquisition of Red Hook Property for $34 Million

Retrieved on: 
Monday, April 29, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Communications, Professional Services, Media, Digital Marketing, Asset Management, Other Construction & Property, Other Professional Services, Echelon, Ecosystem, Red, Sport, Moore Street, Partnership, Growth, Foot, Environment, Project, Acquisition, Statue, Bain Capital, Partner

Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation, and Bain Capital Real Estate (“Bain Capital”) today announced the expansion of their production studio portfolio with the acquisition of 145 Wolcott Street in the Red Hook neighborhood of Brooklyn, NY for $34 million.

Key Points: 
  • Bungalow Projects, a real estate development firm focused on creating production hubs for episodic, film, and digital content creation, and Bain Capital Real Estate (“Bain Capital”) today announced the expansion of their production studio portfolio with the acquisition of 145 Wolcott Street in the Red Hook neighborhood of Brooklyn, NY for $34 million.
  • When completed, Bungalow Projects’ current portfolio will include ten soundstages and represent approximately 555,000 square feet.
  • Bungalow Projects and Bain Capital formed a partnership focused on investing in and developing sustainable and cutting-edge production hubs in New York City.
  • Bain Capital is developing approximately 1.4 million square feet of purpose-built content creation space in Los Angeles with its local partner BARDAS Investment Group.

Altisource Asset Management Corporation Posts Progress Reports on Project Alpha, Phase II, Through March 2024

Retrieved on: 
Monday, April 29, 2024
Asset Management, Professional Services, Finance, AAMC, Multimedia, Project Alpha, Patent

Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the attached progress reports for January, February and March 2024 concerning Project Alpha, Phase II, presented by Seabird Technologies Limited in connection with that certain Non-Exclusive Patent and Technology Licensing Agreement between the Company and System73 Limited, entered into on October 6, 2023 (the “PTLA”).

Key Points: 
  • Altisource Asset Management Corporation (“AAMC” or the “Company”) (NYSE American: AAMC) posts the attached progress reports for January, February and March 2024 concerning Project Alpha, Phase II, presented by Seabird Technologies Limited in connection with that certain Non-Exclusive Patent and Technology Licensing Agreement between the Company and System73 Limited, entered into on October 6, 2023 (the “PTLA”).
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240429765096/en/

Payden & Rygel Celebrates 30 Years of the Limited Maturity Fund (PYLMX) Amidst Four Decades of Investment Excellence

Retrieved on: 
Monday, April 29, 2024
Personal Finance, Asset Management, Professional Services, Finance, Government, Payden & Rygel

Payden & Rygel is proud to announce the 30-year anniversary of its Limited Maturity Fund (PYLMX) .

Key Points: 
  • Payden & Rygel is proud to announce the 30-year anniversary of its Limited Maturity Fund (PYLMX) .
  • This milestone coincides with the firm's celebration of four decades as a global investment adviser.
  • Over the years, Payden & Rygel has cemented its reputation as a leader in short-duration strategies and one of the largest privately-owned active managers of fixed income and equity portfolios.
  • The short duration strategy team has worked together for 15 years and currently oversees $70 billion in assets across mutual fund vehicles and highly customizable separately managed accounts.

Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Notification of Sources of Distributions

Retrieved on: 
Monday, April 29, 2024
Asset Management, Professional Services, Finance, Franklin Templeton Investments, Annual, Performance, NAV, Plan, Specialization, Fund, Total return

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 through March 31, 2024.
  • Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through March 31, 2024, assuming reinvestment of distributions paid.
  • For further information on Franklin Limited Duration Income Trust, please visit our web site at: www.franklintempleton.com
    Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries.

Interactive Brokers Introduces Hong Kong Spot Bitcoin and Ether ETPs

Retrieved on: 
Tuesday, April 30, 2024
Internet, Professional Services, Blockchain, Fintech, Electronic Commerce, Technology, Digital Cash Management, Digital Assets, Asset Management, Data Analytics, Other Professional Services, Finance, Other Technology, Bitcoin, IBKR, ETP, Interactive Brokers, Interactivity, Ether, Cryptocurrency

Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the launch of Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs) available to trade on the Hong Kong Stock Exchange.

Key Points: 
  • Interactive Brokers (Nasdaq: IBKR), an automated global electronic broker, announced the launch of Hong Kong Spot Bitcoin and Ether Exchange Traded Products (ETPs) available to trade on the Hong Kong Stock Exchange.
  • Eligible clients of Interactive Brokers Hong Kong can now trade the new Spot Bitcoin and Ether ETPs alongside stocks, options, futures, currencies, bonds, funds and more from a single unified platform.
  • Clients can purchase Spot Bitcoin and Ether ETPs through their IBKR brokerage accounts and easily add cryptocurrency exposure to their portfolios without owning digital assets directly.
  • David Friedland, Head of APAC for Interactive Brokers, commented, “We are pleased to expand our product line-up with the new Spot Bitcoin and Ether ETPs.

Caliber Completes Sale of Two Additional Land Parcels for Housing Developments in Johnstown, Colorado

Retrieved on: 
Monday, April 29, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Sale, Fort Collins, Colorado, I-25, Acceleration, Area C, Housing, Frontage road, Freedom Park (Atlanta, Georgia), D. R. Horton, Highway, Commercial property

Caliber’s Funds, along with Caliber, will receive approximately $2.1 million in net profit from the sales along with a return on invested capital of approximately $9.3 million.

Key Points: 
  • Caliber’s Funds, along with Caliber, will receive approximately $2.1 million in net profit from the sales along with a return on invested capital of approximately $9.3 million.
  • Caliber sold Area B of The Ridge to DR Horton (aka Melody Homes, LLC) for $7.1 million.
  • “We are very pleased with the recent acceleration in development projects in Johnstown,” said Roy Bade, Chief Development Officer of Caliber.
  • Caliber is continuing to develop the remaining parcels of land within The Ridge for residential, retail and mixed-use development.

State Street Private Markets Survey Finds Macro Challenges Not Dampening Demand; Public To Private Shift Set To Grow Further

Retrieved on: 
Monday, April 29, 2024
Finance, Professional Services, Technology, Asset Management, Artificial Intelligence, Rotation, State Street Corporation, STT, Risk, Market, AI, Machine learning, Insurance, Risk management, Legislation, State Street, Credit, Security (finance)

The survey reveals that the rotation from public to private assets within portfolio allocations will grow further in the coming years.

Key Points: 
  • The survey reveals that the rotation from public to private assets within portfolio allocations will grow further in the coming years.
  • Over half of institutions (59%) have already allocated 30% or more to private markets, and this is expected to grow to 71% by 2028.
  • Investors intend to decrease allocation in public markets to meet increased demand for private exposure.
  • “The great rotation from public to private markets is not slowing down, with investors set to allocate more to private assets than ever before,” said Donna Milrod, executive vice president and chief product officer at State Street.

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Monday, April 29, 2024
Other Professional Services, Asset Management, Professional Services, Finance, Prospectus, Federal Reserve, Investment, Reputational damage, Federal Deposit Insurance Corporation, Risk, Uncertainty, Federal, FTP, AIB (NI), FTA, Internal Revenue Code, Terrorism, Face, Fund, ERISA, Infection, Judgement, Hamas, FINRA, ETF, COVID-19, Security (finance)

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).