Institutional investors

SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KSF REMINDS BAYRY, FE, PRA INVESTORS of Lead Plaintiff Deadline in Class Action Lawsuits

Thursday, August 13, 2020 - 3:50am

If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.

Key Points: 
  • If you wish to serve as a Lead Plaintiff in the class action, you must petition the Court on or before the Lead Plaintiff Motion deadline.
  • KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nations premier boutique securities litigation law firms.
  • KSF serves a variety of clients including public institutional investors, hedge funds, money managers and retail investors in seeking to recover investment losses due to corporate fraud and malfeasance by publicly traded companies.
  • KSF has offices in New York, California and Louisiana.

Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

Wednesday, August 12, 2020 - 10:36pm

These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.

Key Points: 
  • These funds make distributions in accordance with a managed distribution plan that provides for the declaration of monthly distributions (in the case of the Wells Fargo Income Opportunities Fund, the Wells Fargo Multi-Sector Income Fund and the Wells Fargo Utilities and High Income Fund) or quarterly distributions (in the case of the Wells Fargo Global Dividend Opportunity Fund) to common shareholders of the fund at an annual minimum fixed rate of 7% for the Wells Fargo Utilities and High Income Fund, 8% for the Wells Fargo Income Opportunities Fund, 9% for the Wells Fargo Multi-Sector Income Fund, and 10% for the Wells Fargo Global Dividend Opportunity Fund based on the funds average monthly net asset value (NAV) per share over the prior 12 months.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.
  • Certain products managed by WFAM entities are distributed by Wells Fargo Funds Distributor, LLC (a broker-dealer and Member FINRA).

Prison Free Funds Exposes Investments in Mutual Funds Supporting Prison Industrial Complex

Wednesday, August 12, 2020 - 3:03pm

Prison Free Funds is the latest issue area to join the free, online platform that enables individual and institutional investors to know what they own.

Key Points: 
  • Prison Free Funds is the latest issue area to join the free, online platform that enables individual and institutional investors to know what they own.
  • Prison Free Funds exposes prison industrial complex companies embedded in mutual funds and empowers investors to opt-out of economic systems of oppression and exploitation.
  • By using Prison Free Funds, anyone invested in a mutual fund or ETF is able to harness their economic power to invest with their values and stop profiting from the prison industrial complex.
  • Prison Free Funds is As You Sows seventh Invest Your Values online educational tool, joining Fossil Free Funds , Gender Equality Funds , Deforestation Free Funds , Tobacco Free Funds , Weapon Free Funds , and Gun Free Funds .

T. Rowe Price Group Reports Preliminary Month-End Assets Under Management For July 2020

Wednesday, August 12, 2020 - 1:30pm

The underlying assets under management of the multi-asset portfolios have been aggregated and presented as a separate line and not reported in the equity and fixed income lines.

Key Points: 
  • The underlying assets under management of the multi-asset portfolios have been aggregated and presented as a separate line and not reported in the equity and fixed income lines.
  • Founded in 1937, Baltimore-based T. Rowe Price (troweprice.com) is a global investment management organization that provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.
  • T. Rowe Price's disciplined, risk-aware investment approach focuses on diversification, style consistency, and fundamental research.
  • The following table reflects the data with the underlying assets under management of the multi-asset portfolios included within the equity and fixed income lines.

PGIM Investments and iCapital Network® Announce Partnership to Enhance Access to Alternatives

Wednesday, August 12, 2020 - 12:35pm

The new partnership with PGIM Investments will streamline distribution and access, ease operational burdens, and improve the user experience, empowering the advisor community to provide the highest level of service to their clients.

Key Points: 
  • The new partnership with PGIM Investments will streamline distribution and access, ease operational burdens, and improve the user experience, empowering the advisor community to provide the highest level of service to their clients.
  • PGIM has a long history of managing alternative asset classes which have traditionally been offered to the firms institutional clients, said Stuart Parker, President and CEO of PGIM Investments.
  • PGIM is the third-largest2 alternatives manager globally, with approximately $235 billion in AUM3 across private real estate debt and equity, private credit, hedge fund and infrastructure products.
  • As of June 30, 2020, iCapital Network services more than $52 billion in client assets across 497 funds.

Tortoise Leverages Expertise and Track Record of Strategic Acquisition with Launch of Ecofin Global Renewables Infrastructure Fund (ECOIX)

Wednesday, August 12, 2020 - 11:45am

Tortoise announced the launch of an open-end fund, Ecofin Global Renewables Infrastructure Fund (ECOIX), built to capitalize on the energy transition underway to reduce global CO2 emissions.

Key Points: 
  • Tortoise announced the launch of an open-end fund, Ecofin Global Renewables Infrastructure Fund (ECOIX), built to capitalize on the energy transition underway to reduce global CO2 emissions.
  • Bringing this type of product to U.S. investors was part of our strategic plan when Tortoise acquired Ecofin Limited in 2018.
  • *The Ecofin Global Renewables Infrastructure Fund (the Fund) is a newly registered mutual fund and does not have a full calendar year of performance as a mutual fund.
  • Prior performance shown above is for the Ecofin Global Renewables Infrastructure Fund Limited, established in November 2015 (which later changed its name to the Tortoise Global Renewables Infrastructure Fund Limited in May 2019), (the Predecessor Fund), an unregistered Cayman Islands limited liability company.

Artisan Partners Asset Management Inc. Reports July 2020 Assets Under Management

Tuesday, August 11, 2020 - 9:17pm

1 Separate account AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds.

Key Points: 
  • 1 Separate account AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds.
  • Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies to sophisticated clients around the world.
  • Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes.
  • Source: Artisan Partners Asset Management Inc.

Pravati Capital Launches Fifth Specialized Litigation Finance Fund with $200 Million

Tuesday, August 11, 2020 - 1:00pm

PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013.

Key Points: 
  • PHOENIX, Aug. 11, 2020 /PRNewswire/ -- Pravati Capital, leading litigation finance pioneer and consulting firm, today announced the launch of its fifth specialized litigation finance investment fund with $200 million, following the success of its four previous funds launched since 2013.
  • Pravati Investment Fund V (Fund V) will allow for the first time non-US and US-tax exempt international qualified investors the opportunity to invest in a specialized litigation finance alternative investment vehicle.
  • The firm's focus remains to invest in non-correlated assets with limited risk independent of the economic cycles offered by the growing litigation finance sector.
  • "We are pleased to offer Fund V as an alternative investment vehicle in the litigation finance sector.

 First Trust Specialty Finance and Financial Opportunities Fund Decreases its Quarterly Distribution to $0.0825 Per Share

Monday, August 10, 2020 - 9:47pm

First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has decreased its regularly scheduled quarterly distribution to $0.0825 per share from $0.135 per share The distribution will be payable on August 31, 2020, to shareholders of record as of August 24, 2020.

Key Points: 
  • First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has decreased its regularly scheduled quarterly distribution to $0.0825 per share from $0.135 per share The distribution will be payable on August 31, 2020, to shareholders of record as of August 24, 2020.
  • The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
  • The Fund pursues these investment objectives by investing at least 80% of its managed assets in a portfolio of securities of specialty finance and other financial companies that the Fund's investment sub-advisor believes offer attractive opportunities for income and capital appreciation.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.20 Per Share

Monday, August 10, 2020 - 9:30pm

Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.

Key Points: 
  • Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) has declared the Fund's regularly scheduled quarterly distribution of $0.20 per share.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.