Investment management

Cresset Hires Randy Conte as Chief Operating Officer of Cresset Asset Management

Human resources, Finance, Consulting, Banking, Accounting, Professional services, Philanthropy, Foundation, Other Professional Services, Finance, Money, Economy, Investment management, Investment, Investment advisory, Registered Investment Adviser, Wealth management
Wednesday, August 5, 2020 - 1:00pm

Cresset Asset Management (Cresset) announced today that Randall Randy Conte has been named Chief Operating Officer (COO).

Key Points: 
  • Cresset Asset Management (Cresset) announced today that Randall Randy Conte has been named Chief Operating Officer (COO).
  • View the full release here: https://www.businesswire.com/news/home/20200805005161/en/
    Cresset Hires Randy Conte as Chief Operating Officer of Cresset Asset Management (Photo: Business Wire).
  • Cresset Asset Management is an SEC registered investment advisor that offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, and goals-based planning.
  • Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning and other services through Cresset Asset Management, an SEC registered investment adviser.

Owl Rock Capital Corp. Reports Second Quarter Net Investment Income Per Share of $0.34 and NAV Per Share of $14.52

Investment management, Net asset value, NET, New York Stock Exchange, Finance, Money, Economy
Tuesday, August 4, 2020 - 11:22pm

NEW YORK, Aug. 4, 2020 /PRNewswire/ -- Owl Rock Capital Corporation (NYSE: ORCC, or the "Company") today reported net investment income of $129.2 million, or $0.34 per share, and net income of $303.6 million, or $0.79 per share, for the second quarter ended June 30, 2020.

Key Points: 
  • NEW YORK, Aug. 4, 2020 /PRNewswire/ -- Owl Rock Capital Corporation (NYSE: ORCC, or the "Company") today reported net investment income of $129.2 million, or $0.34 per share, and net income of $303.6 million, or $0.79 per share, for the second quarter ended June 30, 2020.
  • Reported net asset value per share was $14.52 at June 30, 2020 as compared to $14.09 at March 31, 2020.
  • This compares to $731.0 million for the three months ended March 31, 2020.
  • As of June 30, 2020, the average investment size in each portfolio company was $90.3 million based on fair value.

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) Announces Dividend

Banking, Professional services, Finance, The Bank of New York Mellon, Economy of New York City, Companies, Mellon, Investment management, New York City, Dreyfus Corporation, Insight Investment
Tuesday, August 4, 2020 - 10:05pm

BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on September 1, 2020 to shareholders of record at the close of business on August 18, 2020.

Key Points: 
  • BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on September 1, 2020 to shareholders of record at the close of business on August 18, 2020.
  • BNY Mellon Investment Adviser, Inc., the investment adviser for the Fund, is part of BNY Mellon Investment Management.
  • BNY Mellon Investment Management encompasses BNY Mellons affiliated investment management firms, wealth management organization and global distribution companies.
  • Additional information on BNY Mellon Investment Management is available on www.im.bnymellon.com .

Solar Senior Capital Ltd. Announces Quarter Ended June 30, 2020 Financial Results; Reports Net Asset Value Per Share Increase of 6.6%

Financial markets, Finance, Money, Economy, Investment management, Net asset value, NAV, Valuation, Mark-to-market accounting, Investment
Tuesday, August 4, 2020 - 9:27pm

NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd.(NASDAQ: SUNS) (the Company Solar Senior or SUNS) today reported net investment income of$5.1 million, or $0.32 per average share, for the quarter ended June 30, 2020.

Key Points: 
  • NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Solar Senior Capital Ltd.(NASDAQ: SUNS) (the Company Solar Senior or SUNS) today reported net investment income of$5.1 million, or $0.32 per average share, for the quarter ended June 30, 2020.
  • At June 30, 2020, net asset value (NAV) was $15.55 per share, an increase of approximately 6.6% from March 31, 2020, driven primarily by unrealized mark-to-market appreciation.
  • At June 30, 2020, 100% of our investments were performing, and their improved valuations drove the 6.6% increase in our Net Asset Value per Share.
  • The investment activity of our Comprehensive Investment Portfolio for the quarter ended June 30, 2020 was as follows:

Solar Capital Ltd. Announces Quarter Ended June 30, 2020 Financial Results; Declares Quarterly Distribution of $0.41 Per Share for Q3, 2020

Investment management, Net asset value
Tuesday, August 4, 2020 - 9:15pm

NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Solar Capital Ltd.(NASDAQ: SLRC) (the Company or Solar Capital), today reported net investment income of$14.2 million, or $0.34 per share, for the second quarter 2020.

Key Points: 
  • NEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- Solar Capital Ltd.(NASDAQ: SLRC) (the Company or Solar Capital), today reported net investment income of$14.2 million, or $0.34 per share, for the second quarter 2020.
  • At June 30, 2020, net asset value (NAV) was $20.11 per share, an increase of 4.5% from March 31, 2020.
  • The Board declared a third quarter distribution of$0.41per share payable on October 2, 2020to stockholders of record as ofSeptember 17, 2020.
  • The investment activity of our Comprehensive Investment Portfolio for the quarter ended June 30, 2020 was as follows:

Macquarie Global Infrastructure Total Return Fund Inc. Announces Regular Monthly Distribution

Banking, Professional services, Finance, Macquarie Group, Martin Place, Finance, Financial services, Macquarie, Investment management, Companies, Delaware Investments
Tuesday, August 4, 2020 - 9:44pm

The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (the Fund) declared on Aug. 4, 2020, a regular distribution for the month ending July 31, 2020 of $0.075 per share.

Key Points: 
  • The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (the Fund) declared on Aug. 4, 2020, a regular distribution for the month ending July 31, 2020 of $0.075 per share.
  • About the Macquarie Global Infrastructure Total Return Fund Inc.
    Macquarie Global Infrastructure Total Return Fund Inc., a diversified closed-end fund, is listed on the New York Stock Exchange.
  • The Funds investment adviser is Delaware Management Company (Investment Adviser), a series of Macquarie Investment Management Business Trust, which is a subsidiary of Macquarie Management Holdings, Inc. (MMHI).
  • Macquarie Investment Management (MIM), a member of Macquarie Group, is the marketing name for certain companies comprising the asset management division of Macquarie Group Limited and its subsidiaries and affiliates worldwide.

Easterly Announces Investment in James Alpha Advisors

Professional services, Other Professional Services, Insurance, Finance, Construction & Property, Consulting, REIT, Finance, Money, Investment, Economy, Mathematical finance, Lipper, Investment fund, Alpha, Investment management
Tuesday, August 4, 2020 - 8:21pm

James Alpha Advisors serves as advisor to the James Alpha family of funds, which features the James Alpha Global Real Estate Investments Fund (JARIX), which is recognized for its long-term outperformance, earning Lipper Leader ratings of 5 for Total Return and Consistent Return.

Key Points: 
  • James Alpha Advisors serves as advisor to the James Alpha family of funds, which features the James Alpha Global Real Estate Investments Fund (JARIX), which is recognized for its long-term outperformance, earning Lipper Leader ratings of 5 for Total Return and Consistent Return.
  • James Alpha also features 11 additional mutual funds which include: the James Alpha Managed Risk Domestic Equity Fund (JDIEX), rated 4 stars by Morningstar and sub-advised by EAB Investment Group, as well as the James Alpha Structure Credit Value Fund (JSVIX), which seeks yields competitive with the high-yield market but with significantly lower volatility and risk, is sub-advised by Orange Investment Advisors.
  • Headquartered in New York, James Alpha Advisors maintains offices in Colorado and Florida staffed by a team of 25 experienced investment professionals.
  • James Alpha Advisors has innovative real estate and alternative investment products as evidenced by the Global Real Estate Investments Fund.

Insight Investment Adds Two Strategic Hires to Expand U.S. Distribution Team

Banking, Professional services, Human resources, Finance, Insight Investment, Finance, The Bank of New York Mellon, Economy of New York City, Investment management, Companies, Investment outsourcing, Dreyfus Corporation
Tuesday, August 4, 2020 - 2:00pm

Insight Investment, a global investment manager with $909bn under management1&2 today announced the hires of Angela Ruane as Director of Business Development and Mark Henesy as Consultant Relations Manager at Insight North America.

Key Points: 
  • Insight Investment, a global investment manager with $909bn under management1&2 today announced the hires of Angela Ruane as Director of Business Development and Mark Henesy as Consultant Relations Manager at Insight North America.
  • Insight Investment is a leading asset manager focused on designing investment solutions to meet its clients needs.
  • Insight Investment is owned by BNY Mellon, a global leader in investment management and investment services with $1.8 trillion in assets under management.
  • Insight North America (INA) is part of Insight or Insight Investment, the corporate brand for certain asset management companies operated by Insight Investment Management Limited including, among others, Insight Investment Management (Global) Limited, and Insight Investment International Limited.