Investment management

Voya Investment Management survey finds employers think their workforce is on track for retirement, but employees say otherwise

Retrieved on: 
Thursday, November 30, 2023
Personal Finance, Human Resources, Women, Finance, Consulting, Banking, Men, Professional Services, Consumer, Research, NYSE, Voya Financial, Investment management, VOYA, COVID, Computer security, Caregiver, COVID-19, Business development, Retirement, Overalls, SVP, Education, Financial adviser, Pension fund

This year, Voya IM surveyed plan participants for the first time, and their responses show just how much plan sponsors overestimate participant retirement readiness.

Key Points: 
  • This year, Voya IM surveyed plan participants for the first time, and their responses show just how much plan sponsors overestimate participant retirement readiness.
  • As in 2021, sponsors’ top concerns remained to ensure that their plans comply with new regulations and that their participants are properly invested.
  • As a result, it’s become clear there is a disconnect between employers and their employees surrounding retirement readiness,” said Brian Houston, SVP, Business Development Manager, DCIO, Voya IM.
  • In addition, 87% are also more likely to stay with their employer if they offer competitive retirement planning services and products.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Retrieved on: 
Friday, November 17, 2023
Finance, Banking, Professional Services, Asset Management, Fintech, Corporation, NYSE, Investment management, Multimedia, Wells Fargo, Commercial bank, WFC, News, Housing, Wealth, Investment banking, Wells Fargo Center, Security (finance), Series

Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.
  • A quarterly cash dividend of $414.06 per share was declared on its 6.625% fixed-to-floating noncumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share.
  • A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Voya Equity Closed End Fund Declares Distribution

Retrieved on: 
Thursday, November 16, 2023
Asset Management, Professional Services, Finance, VOYA, Investment, Risk, NYSE, Voya Financial, Investment management, IGD, Movement, Security (finance), Fund

Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distribution on the common shares of one of its closed-end funds.

Key Points: 
  • Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distribution on the common shares of one of its closed-end funds.
  • With respect to the Fund, the distribution will be paid on December 15, 2023, to shareholders of record on December 4, 2023.
  • The distribution per share for the Fund is as follows:
    Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)
    IGD intends to make regular monthly distributions based on the past and projected performance of the Fund.
  • There can be no assurance that a Fund will be able to declare a distribution in each period.

Firsthand Technology Value Fund Announces Third Quarter Financial Results, NAV of $0.10 Per Share

Retrieved on: 
Tuesday, November 14, 2023
Asset Management, Professional Services, Finance, Treasure Valuation Committee, FCM, Investment, Fund, ASC, Investment management, Pharmaceutical industry

During the quarter, the Fund suffered material setbacks in IntraOp Medical Corp. and Wrightspeed, Inc., two of its largest holdings at the start of the quarter.

Key Points: 
  • During the quarter, the Fund suffered material setbacks in IntraOp Medical Corp. and Wrightspeed, Inc., two of its largest holdings at the start of the quarter.
  • Effective September 30, 2023, the Fund has entered into a fee waiver agreement with its investment adviser, Firsthand Capital Management, Inc. (“FCM”).
  • For the quarter ended September 30, 2023, the Fund reported a total investment loss of approximately $0.2 million.
  • The Fund reported net realized and unrealized losses on investments of approximately $12.3 million for the quarter.

Mesirow Institutional Sales and Trading Hires Bob Djorup as Part of Ongoing Growth Strategy

Retrieved on: 
Tuesday, December 12, 2023
CTL, Public finance, ABS, MBS, Real estate, CRA, Bank, CMBS, Fixed income, Capital market, Growth, Investment management, Real estate investment trust, Mesirow

Bob brings more than 20 years of experience in Institutional Capital Markets to the firm.

Key Points: 
  • Bob brings more than 20 years of experience in Institutional Capital Markets to the firm.
  • "I am excited to join Mesirow and contribute to the growth of Mesirow's Institutional Sales and Trading team," said Bob Djorup .
  • "Bob brings specific skills to Mesirow that will enhance our ability to provide high-quality sales and trading solutions.
  • Mesirow Capital Markets advises clients across multiple capabilities that include Institutional Sales and Trading, CTL And Structured Debt, Ground Lease financing, Public Finance, Realty Bridge Equity and Sale-Leaseback Capital.

Bogart Wealth Named Top Registered Investment Advisory Firm in Virginia and 30th Nationally by Forbes

Retrieved on: 
Tuesday, December 5, 2023
Associate, Research, Financial adviser, Telephone, Employment, Security (finance), Summer, Investment management, Form, American City Business Journals, Communication, SmartAsset, RIAS, University, Growth, Private, Financial plan, AUM, Publication, IndUS Business Journal, RIA, Creative industries, Management, Construction, Science, Virginia Tech, Marketing

MCLEAN, Va., Dec. 5, 2023 /PRNewswire/ -- Bogart Wealth, an award-winning, independent wealth management and Registered Investment Advisory (RIA) firm, was named to multiple lists of top financial advisory firms and fastest-growing companies in national and industry publications over the past couple months, including being named the top RIA firm in Virginia by Forbes and SHOOK Research.

Key Points: 
  • "In addition to being #1 in Virginia, Bogart Wealth ranked 30th nationally in the industry-leading rankings program."
  • This recognition comes on the heels of CEO James Bogart being named Forbes' top Next-Gen Wealth Advisor in Virginia in the 2023 list of Best-In-State Next-Gen Wealth Advisors , which was released just a few months ago.
  • "We're thrilled to be included in all of these rankings and earn these awards from such prominent media outlets – especially being named the top advisory firm in Virginia by Forbes," said James Bogart, President and CEO of Bogart Wealth.
  • Bogart Wealth also recently announced the additions of four new team members:
    Christine Janaske , Director of Marketing, manages all aspects related to marketing the Bogart Wealth brand.

Assured Guaranty Announces New Senior Management Positions

Retrieved on: 
Tuesday, November 7, 2023
Finance, Accounting, Professional Services, Asset Management, Insurance, Assured Investment Management, IPO, Investment management, Sarbanes–Oxley Act, Treasury, NYSE, AGM, Disclosure, Acquisition, Ernst & Young, Ernst, Senior, AGO, CFO, Information technology, Corporate communication, Assurance, AG, Management

Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty or the Company) announced that, as of January 1, 2024, Chief Financial Officer Robert A. Bailenson will be appointed Chief Operating Officer, and Chief Actuary Benjamin G. Rosenblum will succeed him as Chief Financial Officer.

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty or the Company) announced that, as of January 1, 2024, Chief Financial Officer Robert A. Bailenson will be appointed Chief Operating Officer, and Chief Actuary Benjamin G. Rosenblum will succeed him as Chief Financial Officer.
  • “Assured Guaranty has a deep, highly experienced, and well-established senior management team, and these promotions further reinforce the core of Assured Guaranty’s steady leadership,” said Dominic J. Frederico, President and Chief Executive Officer.
  • He has been Chief Financial Officer of Assured Guaranty Ltd. since June 2011 and held a number of previous leadership positions with Assured Guaranty and its predecessor companies.
  • Most recently, he was instrumental in completing the transaction that resulted in the combination of Assured Investment Management with Sound Point Capital Management.

Voya Investment Management, to host a webcast for the Voya Asia Pacific High Dividend Equity Income Fund and Voya Emerging Markets High Dividend Equity Fund

Retrieved on: 
Tuesday, November 7, 2023
Finance, Banking, Professional Services, Asset Management, Insurance, Research, Portfolio manager, IHD, Investment management, Multi, NYSE, Webcast, IAE, VOYA

Voya Investment Management, the asset management business of Voya Financial, Inc., will host a webcast for the Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) and Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD), on Monday, November 13, 2023 from 4:00 p.m. – 4:30 p.m.

Key Points: 
  • Voya Investment Management, the asset management business of Voya Financial, Inc., will host a webcast for the Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) and Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD), on Monday, November 13, 2023 from 4:00 p.m. – 4:30 p.m.
  • Montminy is a Portfolio Manager on the global quantitative equity team helping oversee the equity strategies in Voya closed-end funds.
  • Jacob is Head of Strategy Research within the Multi-asset strategies and solutions team and helps oversee the derivative strategies in Voya closed-end funds.
  • To register for the webcast, please visit https://attendee.gotowebinar.com/register/5615809949531068504
    The investment team will also address investor questions.

DigitalBridge to Participate in Upcoming Investor and Industry Conferences in November 2023

Retrieved on: 
Tuesday, November 7, 2023
Technology, Mobile, Wireless, Telecommunications, Networks, Internet, Hardware, DigitalBridge, Investment management, NYSE, Senior management, Policy, Private, World Strategic Forum, Multimedia, Wells Fargo, MYT, Role, Clothing

DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced senior executives from DigitalBridge will participate in the following upcoming investor events and industry events:

Key Points: 
  • DigitalBridge Group, Inc. (“DigitalBridge” or the “Company”) (NYSE: DBRG), a leading global alternative asset manager dedicated to investing in digital infrastructure, today announced senior executives from DigitalBridge will participate in the following upcoming investor events and industry events:
    This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20231107400189/en/
    November 6 - 7: World Strategic Forum 2023 – Miami, Florida
    • Marc Ganzi, CEO of DigitalBridge, will deliver a fireside chat presentation on “Building Tomorrow’s Tech Today: Perspectives from the Forefront” on Tuesday, November 7, 2023, at 2:30 pm ET.
  • November 28 - 29: TowerXchange Meetup Asia 2023 – Kuala Lumpur, Malaysia
    • Wilson Chung, Managing Director, Investment Management at DigitalBridge, to participate in the panel discussion, “Inflation, M&A and Managing a Towerco in Today’s Economy” on Tuesday, November 28, 2023, at 11:15 am MYT.
  • November 28-29: Wells Fargo 7th Annual TMT Summit - Rancho Palos Verdes, CA
    • Liam Stewart, COO of DigitalBridge will deliver a fireside chat presentation on Tuesday, November 28, 2023, at 10:15 am PT.

Colliers Reports Third Quarter Results

Retrieved on: 
Thursday, November 2, 2023
Capital market, Investment management, EBITDA, GAAP, CIGI, Growth, EPS, Colliers (company), TSX, Bank, Collier

TORONTO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the third quarter ended September 30, 2023. All amounts are in US dollars.

Key Points: 
  • TORONTO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (NASDAQ and TSX: CIGI) (“Colliers” or the “Company”) today announced operating and financial results for the third quarter ended September 30, 2023.
  • For the quarter ended September 30, 2023, revenues were $1.06 billion, down 5% (6% in local currency) and adjusted EBITDA (note 1) was $144.9 million, flat (down 1% in local currency) versus the prior year quarter.
  • Adjusted EPS (note 2) was $1.19, relative to $1.41 in the prior year quarter, impacted by higher interest expense.
  • “During the third quarter, Colliers delivered significant growth in our high-value recurring service lines, with a 12% increase in Outsourcing & Advisory and a robust 23% increase in Investment Management.