Portfolio manager

David Posnick and Anne Buchanan join Preston Capital

Retrieved on: 
Monday, November 27, 2023

Preston Capital LLC (“Preston” or the “Firm”), an Aliso Viejo-based longevity asset manager announced today two key hires as the Firm launches a new commingled investment vehicle.

Key Points: 
  • Preston Capital LLC (“Preston” or the “Firm”), an Aliso Viejo-based longevity asset manager announced today two key hires as the Firm launches a new commingled investment vehicle.
  • Joining Preston are David Posnick, former Senior Managing Director at Blackstone, Inc. ( BX ) and Anne Buchanan, former Head of Distribution for Obra Capital (formerly known as Vida Capital).
  • Mr. Posnick had been with Blackstone Credit (previously known as GSO Capital Partners) since 2007.
  • “Having Anne join Preston was one of the easiest decisions we’ve ever made,” remarked Jonathan Hogan, Preston’s President and CFO.

Majority of U.S. Investors Adjusting Investment Strategy to Address New Market Regime, Schroders Study Finds

Retrieved on: 
Tuesday, November 14, 2023

Schroders’ Global Investor Study surveyed over 23,000 investors (including 1,500 in the U.S.) to gauge investor sentiment on key trends impacting the investment landscape, including inflation, climate change and market volatility.

Key Points: 
  • Schroders’ Global Investor Study surveyed over 23,000 investors (including 1,500 in the U.S.) to gauge investor sentiment on key trends impacting the investment landscape, including inflation, climate change and market volatility.
  • Seventy-three percent of U.S. investors stated that they have changed their investment strategy in light of rising inflation, starkly higher than the global average of 54%.
  • However, U.S. investors do not want a “one size fits all” strategy for incorporating sustainability into their portfolios.
  • Nearly three-quarters (72%) of U.S. investors recognized this definition of active ownership, as compared to 44% of global investors.

STRATEGIC GROWTH PROMPTS KEY HIRE: Compliance Risk Concepts LLC Welcomes Michael Durette as First Chief Revenue Officer

Retrieved on: 
Tuesday, November 28, 2023

NEW YORK, Nov. 28, 2023 /PRNewswire-PRWeb/ -- Compliance Risk Concepts LLC (CRC), a top-tier provider of actionable and cost-effective compliance management services within the financial services industry, is pleased to announce that Michael Durette has joined their team in the newly created role of Chief Revenue Officer. The strategic hire is a quantum leap forward in CRC's continued growth trajectory: advancing the company's operative approach to sales, fortifying its position in the financial services industry, and accelerating its strategic growth.

Key Points: 
  • Compliance Risk Concepts LLC (CRC), a top-tier provider of actionable and cost-effective compliance management services within the financial services industry, is pleased to announce that Michael Durette has joined their team in the newly created role of Chief Revenue Officer.
  • NEW YORK, Nov. 28, 2023 /PRNewswire-PRWeb/ -- Compliance Risk Concepts LLC (CRC), a top-tier provider of actionable and cost-effective compliance management services within the financial services industry, is pleased to announce that Michael Durette has joined their team in the newly created role of Chief Revenue Officer.
  • Before joining Compliance Risk Concepts, Durette honed his acumen as Chief Compliance Officer at Nest Egg.
  • Compliance Risk Concepts continues to be a trusted advisory for enterprises seeking expert and cost-effective compliance management solutions.

Bloomberg Welcomes Intra-Firm Chatbots to IB

Retrieved on: 
Thursday, November 9, 2023

NEW YORK, Nov. 9, 2023 /PRNewswire/ -- Bloomberg today announced a new Instant Bloomberg (IB) add-on service that supports clients' digital transformation initiatives. The IB Connect: Intra-Firm Chatbots offering enables Bloomberg Terminal users to add approved, proprietary chatbots to IB chat rooms in which all users are members of the same firm. Clients may invoke Intra-Firm Chatbots to automatically surface important information from their internal systems in IB to be shared with colleagues and facilitate in-house business intelligence discoverability.

Key Points: 
  • The IB Connect: Intra-Firm Chatbots offering enables Bloomberg Terminal users to add approved, proprietary chatbots to IB chat rooms in which all users are members of the same firm.
  • IB Connect is a set of services that enable Bloomberg Terminal users to seamlessly integrate IB with their firms' in-house workflow tools, helping streamline collaboration with colleagues.
  • IB Connect: Intra-Firm Chatbots is a new IB Connect service that offers two-way integration between a client's applicable IB chat rooms and their internal systems.
  • Bloomberg currently supports two types of client chatbot capabilities via IB Connect: Q&A Intra-Firm Chatbots and Notification Intra-Firm Chatbots.

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

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.

Nicola Wealth Welcomes Wealth Advisors Martine Cunliffe and Robert Gareau to Its Expanding Team

Retrieved on: 
Wednesday, October 25, 2023

Vancouver, BC, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Nicola Wealth Management Ltd. (Nicola Wealth), one of Canada's fastest-growing independent wealth management firms, is proud to announce the appointment of two highly accomplished wealth advisors, Martine Cunliffe and Robert Gareau, to its wealth advisory team.

Key Points: 
  • Vancouver, BC, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Nicola Wealth Management Ltd. (Nicola Wealth), one of Canada's fastest-growing independent wealth management firms, is proud to announce the appointment of two highly accomplished wealth advisors, Martine Cunliffe and Robert Gareau, to its wealth advisory team.
  • "The addition of Martine in Vancouver and Robert in Victoria underscores our unwavering commitment to delivering exceptional full-service wealth advisory solutions for our clients nationwide as part of our ongoing journey to build a truly remarkable advisory team."
  • Ms. Cunliffe joins Nicola Wealth as a Wealth Advisor | Client Relationship Manager based in Vancouver, British Columbia.
  • Mr. Gareau joins Nicola Wealth’s expanding team in Victoria, British Columbia, where a new office has recently been opened.

Cambridge Savings Bank Hires Michael Richardson as Vice President, Relationship Manager – Asset-Based Lending

Retrieved on: 
Wednesday, October 25, 2023

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.
  • Richardson will be responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities.
  • View the full release here: https://www.businesswire.com/news/home/20231025141064/en/
    Michael Richardson joins Cambridge Savings Bank as Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.
  • Earlier in his career, Richardson gained experience working in the ABL division for a number of well-known banking institutions, including Key Corporate Bank, First Niagara Bank, and TD Bank.

Waterfall Announces Deployment of Expanded Insurance Asset Management Business

Retrieved on: 
Tuesday, October 24, 2023

NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser, announced the expansion of its insurance asset management business. Waterfall, which currently manages capital on behalf of insurance clients in asset backed credit and mortgage loan strategies, is forming a dedicated team to provide tailored investment solutions to insurers, with a focus on the US residential whole loan market, in which it has been an active investor since 2007.

Key Points: 
  • NEW YORK, Oct. 24, 2023 /PRNewswire/ -- Waterfall Asset Management, LLC ("Waterfall" or the "Firm"), a global alternative investment adviser, announced the expansion of its insurance asset management business.
  • Tim brings to the Firm over 25 years of experience in managing investments in the mortgage securities and whole loan spaces for US-based insurance companies.
  • Waterfall's insurance asset management business will build on its track record in liquid and private asset-based lending and seek to capitalize on its focus on deep loan level analysis, conservative credit underwriting, proprietary technical servicing models and investing infrastructure, and its highly skilled capital markets team.
  • Tim Nabors recently joined Waterfall as a Managing Director of Portfolio Management with a focus on whole loan investments targeting institutional investors.

Carmel Capital Partners Welcomes Institutional Equity Specialist Kevin E. Silverman, CFA

Retrieved on: 
Wednesday, October 11, 2023

San Diego, California--(Newsfile Corp. - October 11, 2023) - Carmel Capital Partners , a boutique private wealth management firm headquartered in San Diego, welcomes institutional equity specialist Kevin E. Silverman, CFA®, as a Portfolio Manager.

Key Points: 
  • San Diego, California--(Newsfile Corp. - October 11, 2023) - Carmel Capital Partners , a boutique private wealth management firm headquartered in San Diego, welcomes institutional equity specialist Kevin E. Silverman, CFA®, as a Portfolio Manager.
  • Silverman brings over 35 years of institutional-level investing experience to serve individuals, families, and business owners as part of the Carmel team.
  • "We are thrilled to have Kevin as part of the Carmel Capital Partners team," said Founder and Principal Russell Silberstein.
  • "His extensive experience in institutional equity investments and private wealth management will be an invaluable asset to our firm as we continue to grow."

NEUBERGER BERMAN EXPANDS ACTIVELY MANAGED ETF LINEUP WITH CONVERSION OF GREATER CHINA EQUITY FUND & GLOBAL REAL ESTATE FUND

Retrieved on: 
Monday, October 16, 2023

NEW YORK, Oct. 16, 2023 /PRNewswire/ -- Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce the completion of the conversion of two actively managed mutual funds to ETFs: Neuberger Berman China Equity ETF ("China ETF" - NYSE: NBCE) and Neuberger Berman Global Real Estate ETF ("Real Estate ETF" - NYSE: NBGR).

Key Points: 
  • NEW YORK, Oct. 16, 2023 /PRNewswire/ -- Neuberger Berman, a private, independent, employee-owned investment manager, is pleased to announce the completion of the conversion of two actively managed mutual funds to ETFs: Neuberger Berman China Equity ETF ("China ETF" - NYSE: NBCE) and Neuberger Berman Global Real Estate ETF ("Real Estate ETF" - NYSE: NBGR).
  • The China ETF seeks long-term growth of capital by providing investors access to what we believe are high-quality companies tied economically to China.
  • The Real Estate ETF is underpinned by a multisite team approach with Portfolio Managers located across continents to incorporate a local perspective.
  • With the completion of these conversions, Neuberger Berman has six actively-managed ETFs in the marketplace, including a suite of active thematic ETFs .