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Saba Capital Reaches Agreement with Two Invesco Closed-End Funds

Retrieved on:

Giovedì, Giugno 13, 2024

Asset Management, Professional Services, Finance, VTN, Boaz Weinstein, Invesco, Security (finance)

Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), today announced that it has entered into a standstill agreement with each of the following funds advised by Invesco Advisers, Inc.: Invesco Pennsylvania Value Municipal Income Trust (NYSE: VPV) and Invesco Trust for Investment Grade New York Municipals (NYSE: VTN) (collectively, the “Invesco Funds”).

Key Points:

Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), today announced that it has entered into a standstill agreement with each of the following funds advised by Invesco Advisers, Inc.: Invesco Pennsylvania Value Municipal Income Trust (NYSE: VPV) and Invesco Trust for Investment Grade New York Municipals (NYSE: VTN) (collectively, the “Invesco Funds”).
Under the terms of the agreements, the Invesco Funds will each commence tender offers to purchase a maximum of 25% of their outstanding common shares in cash.
The tender offers shall be commenced no earlier than October 31, 2024, and no later than November 8, 2024.
Pursuant to the agreements, Saba has also agreed to tender all of its common shares of the Invesco Funds in the tender offers.

Grayscale Investments® Announces CEO Transition

Retrieved on:

Lunedì, Maggio 20, 2024

Bitcoin, Security (finance), Partnership, DCG, Investment, Goldman Sachs, OppenheimerFunds, McKinsey & Company, Grayscale Investments, Engineering, MBA, Paulo, Growth, BlackRock, Invesco, Harvard University, Cryptocurrency

STAMFORD, Conn., May 20, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments, the world’s largest crypto asset manager, today announced the appointment of Peter Mintzberg as Chief Executive Officer, effective August 15, 2024, at which time Mintzberg will also join Grayscale’s Board of Directors. Mintzberg succeeds Michael Sonnenshein, who has stepped down from the position to pursue other interests. In the intervening period, Grayscale's Chief Financial Officer Edward McGee will assume the role of principal executive officer with responsibility for leading the firm. 

Key Points:

“Peter is an exceptional strategic leader with global expertise across the most prominent asset managers, which are critical ingredients as we position Grayscale for its next phase of growth,” said Barry Silbert, Founder & CEO, DCG.
“I want to thank Michael for his stewardship of Grayscale, having joined the team in 2014 and serving as CEO since 2021.
The crypto asset class is at an important inflection point and this is the right moment for a smooth transition.
I wish the Grayscale team every success in its next chapter.”
Mintzberg joins Grayscale from Goldman Sachs where he currently holds the position of Global Head of Strategy for Asset and Wealth Management.

Advyzon Investment Management (AIM) Adds New Asset Managers, Including BlackRock and DFA

Retrieved on:

Martedì, Maggio 21, 2024

Advyzon Investment Management (AIM), a turnkey asset management program (TAMP) under the umbrella of comprehensive technology platform Advyzon , recently added multiple new asset managers and strategists to their platform, including BlackRock , Dimensional Fund Advisors , Potomac Fund Management , and Invesco Advisers, Inc.

Key Points:

Advyzon Investment Management (AIM), a turnkey asset management program (TAMP) under the umbrella of comprehensive technology platform Advyzon , recently added multiple new asset managers and strategists to their platform, including BlackRock , Dimensional Fund Advisors , Potomac Fund Management , and Invesco Advisers, Inc.
“Our continued focus is on providing advisors easy access to the tools and services they need,” said Meghan Holmes, Chief Operating Officer at AIM.
With these new strategists, AIM currently has over 280 strategies available to financial advisors in their Nucleus Model Marketplace , from 46 asset managers – including Advyzon Investment Management.
In addition to their investment offering, AIM provides a personalized service model to advisors based on their philosophy of insourcing versus outsourcing.
To learn more about Advyzon Investment Management and the Nucleus Model Marketplace, please click here .

Delaware Life Announces Enhancements to Fixed Index Annuities, Bringing Innovation and Diversification Including the Invesco QQQ ETF

Retrieved on:

Martedì, Maggio 21, 2024

As an additional enhancement, Growth Pathway is now the only FIA to offer the Invesco QQQ ETF.

Key Points:

As an additional enhancement, Growth Pathway is now the only FIA to offer the Invesco QQQ ETF.
“QQQ is a leading ETF that provides exposure to a diverse group of cutting-edge Nasdaq-100 companies.
This is the first time that QQQ will be offered as an index within a FIA and it highlights Invesco’s ongoing commitment to innovation within the insurance landscape.
For more information about Precision Portfolios and Delaware Life index providers, visit: https://www.delawarelife.com/product/growth-pathway .

COMMERCIAL OBSERVER HOSTS SOLD-OUT SPRING FINANCE FORUM ON THE HEELS OF ITS HIGHLY ANTICIPATED 2024 POWER FINANCE RANKINGS

Retrieved on:

Lunedì, Maggio 13, 2024

Insurance, Uncertainty, Head, Goldman Sachs, Observer Media, Metropolitan, Information services, Optimism, Citigroup, Atmosphere, JPMorgan Chase, Morgan Stanley, CMBS, Metropolitan Club, Invesco, Starwood, Mobile phone

The event convened a who's who audience and program of speakers, including many honorees on the 2024 Commercial Observer Power Finance list.

Key Points:

The event convened a who's who audience and program of speakers, including many honorees on the 2024 Commercial Observer Power Finance list.
The event was held just over a week after the release of Commercial Observer's Power Finance Feature, an annual ranking of the 50 most influential players in commercial real estate finance.
"Market intelligence, adeptness, and experience were recurring themes our editorial team reviewed when developing the 2024 Power Finance list," said James R. Freiman, CEO, Observer Media.
The top 10 Commercial Observer Power Finance honorees included:
Al Brooks, Michelle Herrick, Brian Baker and Vince Toye, JPMorgan Chase
David Bouton and Joseph Dyckman, Citigroup
To see the full list of Power Finance honorees please visit: https://commercialobserver.com/power-series/2024-power-finance/

ALLSPRING GLOBAL INVESTMENTS ANNOUNCES NEW CFO, ANNETTE LEGE

Retrieved on:

Martedì, Maggio 7, 2024

Invesco, ProShares, Investment, Business transformation, Growth, Management

CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- Allspring Global Investments™ (Allspring, or the Company), a global asset management firm with $570 billion* in assets under advisement, today announced that Annette Lege will join the executive leadership team as Chief Financial Officer, based in the firm's Charlotte headquarters. In this role, Annette will be responsible for leading Allspring's global finance strategy, finance team, and financial operations. Annette will partner closely with the firm's executive team to drive financial alignment and discipline across functions and provide strategic guidance to support and drive growth. Annette will join the firm in May, reporting to Allspring's President, Kate Burke.

Key Points:

CHARLOTTE, N.C., May 7, 2024 /PRNewswire/ -- Allspring Global Investments™ (Allspring, or the Company), a global asset management firm with $570 billion* in assets under advisement, today announced that Annette Lege will join the executive leadership team as Chief Financial Officer, based in the firm's Charlotte headquarters.
In this role, Annette will be responsible for leading Allspring's global finance strategy, finance team, and financial operations.
"Annette brings our strong leadership team a complementary financial analytics skillset that will help further propel Allspring into our next growth phase.
Annette will succeed Allspring's current Chief Financial Officer, Molly McMillin, who will transition to a new role within the firm.

Nasdaq Reports First Quarter 2024 Results; Strong Execution Delivers Double-Digit Solutions Revenue Growth

Retrieved on:

Giovedì, Aprile 25, 2024

Sale, Acceleration, CFO, Borse Dubai, Investment, Nature, ARR, SMB, Invesco, Health, Bankruptcy, Exchange, Integration, AUM, Acquisition, Movement, ETP, Regulation, Share repurchase, FX, Fintech, Verafin, GAAP, Growth, Chair, Cryptocurrency

Adena Friedman, Chair and CEO said, “Nasdaq delivered another quarter of solid results, with double digit revenue growth in our Solutions businesses including strong Financial Technology results and exceptional Index performance.

Key Points:

Adena Friedman, Chair and CEO said, “Nasdaq delivered another quarter of solid results, with double digit revenue growth in our Solutions businesses including strong Financial Technology results and exceptional Index performance.
Solutions revenue was $871 million in the first quarter of 2024, an increase of $227 million, or 35%, versus the prior year period with organic growth of 11% or 13% growth on a pro forma basis, reflecting strong growth from Index and Financial Technology.
First quarter 2024 GAAP operating expenses were $707 million, an increase of $205 million, or 41%, versus the prior year period.
In the first quarter of 2024, Nasdaq led all exchanges during the period in total volume traded for U.S. multi-listed equity options.

Congratulations to the Winners of the 2024 etf.com Awards

Retrieved on:

Lunedì, Aprile 22, 2024

etf.com, a leading provider of real-time ETF news and analysis, proudly announces the winners of the 2024 etf.com Awards .

Key Points:

etf.com, a leading provider of real-time ETF news and analysis, proudly announces the winners of the 2024 etf.com Awards .
These awards honor the most influential, innovative, and impactful players in the ETF ecosystem, chosen by a panel of highly qualified judges.
This year's etf.com Award winners showcase the remarkable diversity and talent thriving within the ETF industry.
For more information on the etf.com Awards and this year's winners, please visit etf.com/awards-2024 .

Rockefeller Asset Management Expands Fixed Income Capabilities with the Addition of Three Veteran High Yield and Investment Grade Municipal Bond Portfolio Managers

Retrieved on:

Lunedì, Aprile 22, 2024

Rockefeller Asset Management (“Rockefeller” or “the Firm”), the asset management arm of Rockefeller Capital Management, today announced the addition of three high yield and investment grade municipal bond professionals: Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager.

Key Points:

Rockefeller Asset Management (“Rockefeller” or “the Firm”), the asset management arm of Rockefeller Capital Management, today announced the addition of three high yield and investment grade municipal bond professionals: Scott Cottier, Managing Director and Portfolio Manager; Mark DeMitry, Senior Vice President and Portfolio Manager; and Michael Camarella, Senior Vice President and Portfolio Manager.
The move expands the firm’s capabilities providing differentiated investment solutions within its Fixed Income business, which currently manages approximately $5 billion on behalf of investors.
They will report to Alex Petrone, Director of Fixed Income, and support the expansion of Rockefeller Asset Management’s active fixed income investment solutions, including launching new high yield municipal credit investment strategies and vehicles.
The addition of Cottier, DeMitry, and Camarella also introduces Rockefeller to the Rochester market, where they will be based.

Questex’s IHIF EMEA 2024: The Meeting Place of Hospitality Innovators and Game-Changers

Retrieved on:

Lunedì, Marzo 25, 2024

LONDON, March 25, 2024 (GLOBE NEWSWIRE) -- Questex’s International Hospitality Investment Forum EMEA (IHIF EMEA) today announces its highly anticipated return to Berlin 15 to 17 April 2024.

Key Points:

LONDON, March 25, 2024 (GLOBE NEWSWIRE) -- Questex’s International Hospitality Investment Forum EMEA (IHIF EMEA) today announces its highly anticipated return to Berlin 15 to 17 April 2024.
Held at the InterContinental and Pullman hotels, this year's forum promises to deliver unparalleled insights, deal-making opportunities, and networking prospects for the global hospitality industry.
With a focus on navigating the evolving macro-economic landscape, IHIF EMEA 2024 will delve into key themes shaping the future of hospitality investment.
For more information about IHIF EMEA 2024 and to register for the event, visit IHIF EMEA website .