Funds

Northern Trust Universe Data: Positive Returns Continue in Third Quarter for Institutional Plan Sponsors

Retrieved on: 
Thursday, October 31, 2019

Investment returns stayed in positive territory for institutional plan sponsors in the third quarter of 2019.

Key Points: 
  • Investment returns stayed in positive territory for institutional plan sponsors in the third quarter of 2019.
  • The median plan in the Northern Trust Universe finished with a 0.8 percent return for the three months ending September 30, 2019.
  • Asset class diversification helped institutional investors to generate positive returns in the third quarter, with fixed income playing a key role, said Mark Bovier, regional head of Investment Risk and Analytical Services at Northern Trust.
  • U.S. equity programs, the largest allocation in most plans in the Northern Trust Universe, had a median return of 0.7 percent in the quarter, while the median return for international equity programs was -1.5 percent.

 Owl Rock Capital Corp. Reports Third Quarter Net Investment Income Per Share of $0.36 and NAV Per Share of $15.22

Retrieved on: 
Thursday, October 31, 2019

Owl Rock Capital Corporation (NYSE: ORCC, or the Company) today reported net investment income of $137.9 million, or $0.36 per share, and net income of $118.7 million, or $0.31 per share, for the third quarter ended September 30, 2019.

Key Points: 
  • Owl Rock Capital Corporation (NYSE: ORCC, or the Company) today reported net investment income of $137.9 million, or $0.36 per share, and net income of $118.7 million, or $0.31 per share, for the third quarter ended September 30, 2019.
  • Reported net asset value per share was $15.22 at September 30, 2019 as compared to $15.28 at June 30, 2019.
  • This corresponds to a market price of $15.21 based on September 30, 2019 NAV per share of $15.22.
  • ORCC is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser that is an affiliate of Owl Rock Capital Partners.

Caldwell Investment Management Ltd. Announces Completion of Merger of Clearpoint Global Dividend Fund and Caldwell U.S. Dividend Advantage Fund

Retrieved on: 
Wednesday, October 30, 2019

TORONTO, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Caldwell Investment Management Ltd. is pleased to announce the successful completion, effective today, of the previously announced merger of Clearpoint Global Dividend Fund (Clearpoint Global Fund) and Caldwell U.S. Dividend Advantage Fund (Caldwell U.S. Fund), with Caldwell U.S. Fund being the continuing fund.

Key Points: 
  • TORONTO, Oct. 30, 2019 (GLOBE NEWSWIRE) -- Caldwell Investment Management Ltd. is pleased to announce the successful completion, effective today, of the previously announced merger of Clearpoint Global Dividend Fund (Clearpoint Global Fund) and Caldwell U.S. Dividend Advantage Fund (Caldwell U.S. Fund), with Caldwell U.S. Fund being the continuing fund.
  • Pursuant to the merger, Series A units of Clearpoint Global Fund were exchanged for Series A units of Caldwell U.S. Fund in accordance with an exchange ratio of 0.6527 units of Caldwell U.S. Fund per unit of Clearpoint Global Fund.
  • Series F units of Clearpoint Global Fund were exchanged for Series F units of Caldwell U.S. Fund in accordance with an exchange ratio of 0.7781 units of Caldwell U.S. Fund per unit of Clearpoint Global Fund.
  • About Caldwell Investment Management Ltd.
    Caldwell Investment Management Ltd. is a Toronto-based portfolio manager and investment fund manager that offers mutual fund and pooled fund products to individual and institutional investors.

New Sustainability Report Card, Grades Funds on Gender Equality, Climate, Deforestation, and Weapons

Retrieved on: 
Wednesday, October 30, 2019

The sustainability report card brings together data from As You Sow's suite of six Invest Your Values tools.

Key Points: 
  • The sustainability report card brings together data from As You Sow's suite of six Invest Your Values tools.
  • The new report card allows investors to easily see in one place if your 401(k) options or personal portfolio is invested in:
    Companies with poor gender equality policies.
  • Since the bulk of wealth in this country is invested in mutual funds, tools like Gender Equality Funds are essential.
  • As You Sows Invest Your Values websites include: Gender Equality Funds , Fossil Free Funds , Weapon Free Funds , Gun Free Funds , Deforestation Free Funds , and Tobacco Free Funds .

Oxford Square Capital Corp. Announces Net Asset Value and Selected Financial Results for the Quarter Ended September 30, 2019

Retrieved on: 
Wednesday, October 30, 2019

GREENWICH, Conn., Oct. 30, 2019 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (OXSQ, the Company, we, us or our) announced today its financial results and related information for the quarter ended September 30, 2019.

Key Points: 
  • GREENWICH, Conn., Oct. 30, 2019 (GLOBE NEWSWIRE) -- Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQL) (NasdaqGS: OXSQZ) (OXSQ, the Company, we, us or our) announced today its financial results and related information for the quarter ended September 30, 2019.
  • As of September 30, 2019, net asset value (NAV) per share was $5.42, compared with the NAV per share of $6.31 at the prior quarter end.
  • For the quarter ended September 30, 2019 we recorded GAAP net investment income of approximately $8.9 million, or $0.19 per share, compared to $12.8 million, or $0.27 per sharefor the quarter ended June 30, 2019.
  • We recorded net realized losses of approximately $0.4 million and net unrealized depreciation of approximately $41.6 million for the quarter ended September 30, 2019.

Firsthand Technology Value Fund Discloses Preliminary NAV of $21.16 Per Share as of September 30, 2019

SAN JOSE, Calif., Oct. 29, 2019 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the Fund), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of September 30, 2019, was $21.16.

Key Points: 
  • SAN JOSE, Calif., Oct. 29, 2019 (GLOBE NEWSWIRE) -- Firsthand Technology Value Fund, Inc. (NASDAQ: SVVC) (the Fund), a publicly traded venture capital fund that invests in technology and cleantech companies, disclosed today that its preliminary NAV, as of September 30, 2019, was $21.16.
  • The Fund further announced that its top five holdings as of September 30, 2019, were Pivotal Systems, Revasum, IntraOp Medical, Wrightspeed, and Hera Systems.
  • The Funds preliminary net assets as of September 30, 2019, include cash and cash equivalents of approximately $1.71 per share.
  • Firsthand Technology Value Fund, Inc. is a publicly traded venture capital fund that invests in technology and cleantech companies.

Value Partners Announces Portfolio Manager Change – VPI Value Pool

Retrieved on: 
Tuesday, October 29, 2019

WINNIPEG, Manitoba, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Value Partners Investments Inc. (Value Partners), the manager of VPI Value Pool (the Pool), announces that effective November 6, 2019, Value Partners will assume portfolio management responsibilities for the Pool.

Key Points: 
  • WINNIPEG, Manitoba, Oct. 29, 2019 (GLOBE NEWSWIRE) -- Value Partners Investments Inc. (Value Partners), the manager of VPI Value Pool (the Pool), announces that effective November 6, 2019, Value Partners will assume portfolio management responsibilities for the Pool.
  • The investment objective and strategies of the Pool will remain unchanged.
  • Value Partners is an investment management firm founded in 2005 that offers investment products and services through experienced financial advisors at investment dealers and mutual fund dealers across Canada.
  • Value Partners is a registered investment fund manager, portfolio manager and exempt market dealer with nearly $3 billion in assets under management on behalf of Canadian families and businesses.

EIV Capital Hires Director of Communications and Investor Relations

Retrieved on: 
Tuesday, October 29, 2019

HOUSTON, Oct. 29, 2019 (GLOBE NEWSWIRE) -- EIV Capital, LLC (EIV Capital) today announced that Julia Szlakowski, has joined the firm as Director of Communications & Investor Relations.

Key Points: 
  • HOUSTON, Oct. 29, 2019 (GLOBE NEWSWIRE) -- EIV Capital, LLC (EIV Capital) today announced that Julia Szlakowski, has joined the firm as Director of Communications & Investor Relations.
  • In her new role, Julia focuses on the firms investor relationship management, marketing strategies and public relations.
  • Patti Melcher, EIV Capital Co-Founder & Managing Partner, said: We have worked with Julia since our first institutional fund raise in 2014.
  • Julia Szlakowski commented: I feel fortunate to have joined EIV Capital, which Ive had the privilege to watch grow and generate value for its blue-chip investor base.

State Street Announces Chief Financial Officer to Participate in the BancAnalyst Association of Boston Conference

Retrieved on: 
Tuesday, October 29, 2019

State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the BancAnalyst Association of Boston Conference in Boston on Thursday, November 7, 2019 at 10:40 AM ET.

Key Points: 
  • State Street Corporation (NYSE:STT) announced today that its Chief Financial Officer, Eric Aboaf, will participate in the BancAnalyst Association of Boston Conference in Boston on Thursday, November 7, 2019 at 10:40 AM ET.
  • The webcast of the event will be accessible on State Streets Investor Relations home page at investors.statestreet.com .
  • A recorded replay of the presentation will be available on the Investor Relations website later in the day and will be available for approximately two weeks.
  • State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading.

Nesco Holdings, Inc. To Present At The J.P. Morgan Ultimate Services Investor Conference

Retrieved on: 
Tuesday, October 29, 2019

FORT WAYNE, Ind., Oct. 29, 2019 /PRNewswire/ -- Nesco Holdings, Inc. (NYSE: NSCO, "Nesco"), a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, today announced that representatives of the Company will present at the J.P. Morgan Ultimate Services Investor Conference.

Key Points: 
  • FORT WAYNE, Ind., Oct. 29, 2019 /PRNewswire/ -- Nesco Holdings, Inc. (NYSE: NSCO, "Nesco"), a leading provider of specialty rental equipment to the electric utility, telecom and rail end-markets, today announced that representatives of the Company will present at the J.P. Morgan Ultimate Services Investor Conference.
  • In advance of this conference, presentation materials will be made available in the investor relations section of Nesco's website.
  • Investors may schedule 1:1 meetings with Company management at the J.P. Morgan Ultimate Services Investor Conference on November 13, 2019.
  • Nesco is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America.