Funds

BlackRock and Acorns Partner to Expand Financial Participation Among the Next Generation of Investors

Retrieved on: 
Wednesday, May 9, 2018

Acorns helps America's up-and-coming by automatically investing spare change from everyday purchases into diversified ETF portfolios.

Key Points: 
  • Acorns helps America's up-and-coming by automatically investing spare change from everyday purchases into diversified ETF portfolios.
  • "Acorns is a pioneer in creating innovative ways to engage investors in a mobile-first world.
  • "This partnership supports our shared ambition to put the tools of wealth-making in everyone's hands," said Noah Kerner, CEO of Acorns.
  • As an anchor investor and key partner to Acorns, BlackRock will have an Observer seat on the company's Board of Directors, held by Mr. Cooper.

TCP Capital Corp. Announces First Quarter 2018 Financial Results Including Net Investment Income Of $0.37 Per Share; Second Quarter Dividend Of $0.36 Per Share

Retrieved on: 
Wednesday, May 9, 2018

Net investment income for the quarter ended March 31, 2018 was $21.6 million, or $0.37 per share on a diluted basis, net of $0.09 per share in incentive compensation.

Key Points: 
  • Net investment income for the quarter ended March 31, 2018 was $21.6 million, or $0.37 per share on a diluted basis, net of $0.09 per share in incentive compensation.
  • Net increase in net assets resulting from operations for the quarter ended March 31, 2018 was $27.2 million, or $0.46 per share.
  • On May 9, 2018, our board of directors declared a second quarter dividend of $0.36 per share payable on June 29, 2018 to shareholders of record as of June 15, 2018.
  • Net investment income for the three months ended March 31, 2018 was approximately $21.6 million, or $0.37 per share.

Jeffrey Gundlach to Hold Fixed Income Allocation Webcast Today

Retrieved on: 
Tuesday, May 8, 2018

LOS ANGELES, May 8, 2018 /PRNewswire/ --Jeffrey Gundlach, CEO and chief investment officer of DoubleLine Capital LP, adviser to the DoubleLine Funds, today will hold a webcast on the DoubleLine Core Fixed Income Fund, the DoubleLine Flexible Income Fund and the funds' portfolio allocations across different sectors of the fixed income universe.

Key Points: 
  • LOS ANGELES, May 8, 2018 /PRNewswire/ --Jeffrey Gundlach, CEO and chief investment officer of DoubleLine Capital LP, adviser to the DoubleLine Funds, today will hold a webcast on the DoubleLine Core Fixed Income Fund, the DoubleLine Flexible Income Fund and the funds' portfolio allocations across different sectors of the fixed income universe.
  • The DoubleLine Core Fixed Income Fund (I shares: DBLFX; N shares DLFNX) is an intermediate-term bond fund.
  • Mr. Gundlach and Jeffrey Sherman, deputy chief investment officer of DoubleLine, are the portfolio managers of the two funds.
  • Mr. Gundlach decides the sector weightings on a monthly basis in meetings of DoubleLine's Fixed Income Asset Allocation Committee.

Bristol Gate Capital Partners - Building for the Future

Retrieved on: 
Tuesday, May 1, 2018

TORONTO, May 1, 2018 /CNW/ - Bristol Gate Capital Partners, a leader in dividend growth investing, announced today that Reyer Barel, Co-Chief Investment Officer, will pursue his long-held career aspirations in academia.

Key Points: 
  • TORONTO, May 1, 2018 /CNW/ - Bristol Gate Capital Partners, a leader in dividend growth investing, announced today that Reyer Barel, Co-Chief Investment Officer, will pursue his long-held career aspirations in academia.
  • Following a brief transition, it is expected that he will leave the firm in mid-May.
  • Bristol Gate Capital Partners is an independent, employee-owned, Toronto-based investment management company serving individual and institutional clients.
  • Bristol Gate currently manages $1.1 billion in AUA in a US Equity Strategy and a Canadian Equity strategy and recently launched ETFs following both strategies.

1Q 2018 Sustainable Funds Review: Modest Cash Inflows Coincide with Better than Index Performance in Quarter Exposed to a Number of Material ESG Developments

Retrieved on: 
Monday, April 30, 2018

Against this backdrop, in a report just released by Sustainable Research and Analysis, author Henry Shilling notes that sustainable investing funds, including mutual funds, exchange-traded funds (ETNs) and exchange-traded notes (ETNs), added modest levels of net new cash during the 2018 first quarter.

Key Points: 
  • Against this backdrop, in a report just released by Sustainable Research and Analysis, author Henry Shilling notes that sustainable investing funds, including mutual funds, exchange-traded funds (ETNs) and exchange-traded notes (ETNs), added modest levels of net new cash during the 2018 first quarter.
  • Sustainable funds ended the first quarter of 2018 with a total of 305 mutual funds and 67 ETFs as well as ETNs, for a total of 909 funds and share classes, with $272 billion in assets under management.
  • First quarter performance results posted by sustainable large-cap U.S. equity and investment-grade intermediate-term bond funds that integrate ESG, while negative, exceeded returns recorded by their non-ESG counterpart indexes.
  • The complete report, "1Q 2018 Sustainable Funds Review" is available at: https://www.sustainableinvest.com/1q-2018-sustainable-funds-review .

Investment industry regulator, consumer and seniors' advocates applaud provincial government for swift passage of legislation to protect British Columbia seniors and vulnerable investors

Retrieved on: 
Friday, April 27, 2018

"Regulators, the investment industry and advocates for seniors and investors are united in their support for this important legislation.

Key Points: 
  • "Regulators, the investment industry and advocates for seniors and investors are united in their support for this important legislation.
  • "Our government is taking action to help protect British Columbians who invest in the securities market from fraudulent behaviour.
  • "Retirees in British Columbia need to trust that they and their investments are protected from rule-breakers who prey on older investors.
  • CARP works closely with all levels of government and collaborates with other organizations to advocate on health and financial issues.

Morningstar's Annual Fund Fee Study Finds Investors Saved More Than $400 Billion in 2017

Retrieved on: 
Thursday, April 26, 2018

In the news release, Morningstar's Annual Fund Fee Study Finds Investors Saved More Than $400 Billion in 2017, issued 26-Apr-2018 by Morningstar, Inc. over PR Newswire, we are advised by the company that the headline and first paragraph, last sentence, should read "$4 Billion" rather than "$400 Billion" as originally issued inadvertently.

Key Points: 
  • In the news release, Morningstar's Annual Fund Fee Study Finds Investors Saved More Than $400 Billion in 2017, issued 26-Apr-2018 by Morningstar, Inc. over PR Newswire, we are advised by the company that the headline and first paragraph, last sentence, should read "$4 Billion" rather than "$400 Billion" as originally issued inadvertently.
  • The study found that across all U.S. funds, investors paid 0.52 percent to own mutual funds and ETFs in 2017, compared to 0.56 percent in 2016.
  • Morningstar estimates that investors saved more than $4 billion in fund fees in 2017 by continuing to gravitate toward lower-cost funds.
  • This reflected strong flows into the lowest-cost passive funds, as well as fee cuts by some asset managers for widely held, broad index funds.

Sharestates Partners with Prominent Bank Partners and Equity Investors to Launch New $300 Million Fund; Coinciding with Launch of their Powerful Real Estate Equity Platform - Syndicate Profile

Retrieved on: 
Tuesday, May 8, 2018

This will be the first time Sharestates offers their own equity, underscoring their "skin in the game".

Key Points: 
  • This will be the first time Sharestates offers their own equity, underscoring their "skin in the game".
  • The new fund will showcase how successful the Sharestates team has been within the real estate investment space to prospective clients as well.
  • Both the $300 Million fund and Syndicate Profile will be a true testament to Sharestates' remarkable growth and success in the real estate investment space.
  • Sharestates is a real estate investment marketplace that allows individual and institutional investors to participate in rigorously vetted debt offerings.

SS&C Launches Investor Experience: Enhanced Client Portal on the Black Diamond Platform

Retrieved on: 
Monday, May 7, 2018

WINDSOR, Conn., May 7, 2018 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the latest innovation to the Black Diamond wealth platform, Investor Experience, a next-generation client portal.

Key Points: 
  • WINDSOR, Conn., May 7, 2018 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the latest innovation to the Black Diamond wealth platform, Investor Experience, a next-generation client portal.
  • Investor Experience was designed to differentiate advisors in a competitive market for high-net-worth investors where digital channels can decide relationships.
  • The new portal gives investors direct access to their advisory team and to all of their financial data, 24/7.
  • As part of the new launch, Black Diamond also announced a new Black Diamond logo.

Talen Energy Schedules First Quarter 2018 Results Conference Call

Retrieved on: 
Monday, May 7, 2018

THE WOODLANDS, Texas, May 7, 2018 /PRNewswire/ -- Talen Energy's management has scheduled a conference call to discuss first quarter results with its debt investors and lending institutions on Thursday, May 10, 2018 at 5:00 p.m.

Key Points: 
  • THE WOODLANDS, Texas, May 7, 2018 /PRNewswire/ -- Talen Energy's management has scheduled a conference call to discuss first quarter results with its debt investors and lending institutions on Thursday, May 10, 2018 at 5:00 p.m.
  • Ralph Alexander, Chief Executive Officer and Alex Hernandez, Chief Financial Officer, will discuss the company's financial and operating results during an investor presentation to be teleconferenced and webcast live.
  • Qualified investors and securities analysts can access the conference call and related materials on the secured Debt Investor Information section of Talen Energy's website at: http://talenenergy.investorroom.com/debt-investor-information .
  • Talen Energy is one of the largest competitive energy and power generation companies in North America.