Hedge fund

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.

 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.

Keystone Capital Partners Launches Investment Platform to Provide Capital Solutions for Small and Midsize Public and Private Companies

Monday, August 10, 2020 - 2:00pm

Keystone Capital Partners today announced the formation of its investment platform led by hedge fund veteran Fred Zaino.

Key Points: 
  • Keystone Capital Partners today announced the formation of its investment platform led by hedge fund veteran Fred Zaino.
  • Keystone aims to help overlooked and underfunded companies reach their goals by providing a stable and equitable source of capital through creative investment structures, said Mr. Zaino, Chief Investment Officer at Keystone.
  • Structured as a family office, Keystone is unburdened by the restrictions of typical third-party investors and has the ability to deploy capital to its portfolio companies in a flexible, unconstrained and timely manner.
  • The firm is focused on building long-term capital partnerships with attractively valued micro-cap, small-cap, and mid-cap public and private companies.

Cornerstone Funds Announce Continuing Monthly Distributions for 2020 and Distribution Percentage for 2021

Friday, August 7, 2020 - 9:30pm

The Distribution Percentage is not a function of, nor is it related to, the investment return on a Fund's portfolio.

Key Points: 
  • The Distribution Percentage is not a function of, nor is it related to, the investment return on a Fund's portfolio.
  • The actual data which will determine the monthly Distribution Amount for 2021 will not be known until the end of October 2020.
  • Each Board believes each Funds distribution policy maintains a stable, high rate of distribution.
  • These distributions are not tied to each Funds investment income or capital gains and do not represent yield or investment return on each Funds portfolio.

Canoe EIT Income Fund Announces August 2020 Distribution

Thursday, August 6, 2020 - 9:06pm

The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.

Key Points: 
  • The Fund makes monthly distributions of an amount comprised in whole or in part of Return of Capital (ROC) of the net asset value per unit.
  • A ROC reduces the amount of your original investment and may result in the return to you of the entire amount of your original investment.
  • ROC that is not reinvested will reduce the net asset value of the fund, which could reduce the funds ability to generate future income.
  • You should not draw any conclusions about the Funds investment performance from the amount of this distribution.

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

Tuesday, August 4, 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.

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

Tuesday, August 4, 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.

Angel Oak Financial Strategies Income Term Trust Declares August 2020 Distribution

Monday, August 3, 2020 - 9:05pm

Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1010 per share for the month of August 2020.

Key Points: 
  • Angel Oak Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.1010 per share for the month of August 2020.
  • The record date for the distribution is August 17, 2020, and the payable date is August 31, 2020.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2020 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.

Angel Oak Dynamic Financial Strategies Income Term Trust Declares August 2020 Distribution

Monday, August 3, 2020 - 11:17pm

Angel Oak Dynamic Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol DYFN, today declared a distribution of $0.1131 per share for the month of August 2020.

Key Points: 
  • Angel Oak Dynamic Financial Strategies Income Term Trust (the Fund), a closed-end fund traded on the New York Stock Exchange under the symbol DYFN, today declared a distribution of $0.1131 per share for the month of August 2020.
  • The record date for the distribution is August 17, 2020, and the payable date is August 31, 2020.
  • The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned.
  • 2020 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Dynamic Financial Strategies Income Term Trust.

KATRINA SANTA MARIA NAMED CHIEF EXECUTIVE OFFICER OF M.S. HOWELLS & CO., MSH CAPITAL ADVISORS LLC, and MS INSENTRA LLC

Monday, August 3, 2020 - 12:00pm

Howells & Co. (MSH), is a full-service broker-dealer, servicing hedge fund managers, registered individuals, and hybrid independent registered investment advisors.

Key Points: 
  • Howells & Co. (MSH), is a full-service broker-dealer, servicing hedge fund managers, registered individuals, and hybrid independent registered investment advisors.
  • MSH is affiliated with MSH Capital Advisors LLC, an SEC-registered investment adviser, and MS Insentra LLC, an insurance marketing organization, (collectively, the Companies).
  • Ms. Santa Maria assumed the role of Chief Executive Officer of each entity effective August 1, 2020.
  • Ms. Santa Maria most recently served as Chief Operating Officer of MSH.