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Janus Henderson’s Biotech team recognized by With Intelligence’s HFM “Sector Specialist” Award

Retrieved on:

Monday, November 13, 2023

Data Analytics, Asset Management, Professional Services, Finance, Janus, Growth, Hedge fund, Janus Henderson, Research, NYSE, HFM, CTAS, Intelligence, Cryptocurrency, Biotechnology

Janus Henderson Investors (NYSE/ASX: JHG) today announced that its Biotech team was recognized by With Intelligence, winning the HFM (Hedge Fund Manager) U.S.

Key Points:

Janus Henderson Investors (NYSE/ASX: JHG) today announced that its Biotech team was recognized by With Intelligence, winning the HFM (Hedge Fund Manager) U.S.
The Janus Henderson biotech team won in the Sector Specialist category over other sector-specific teams.
Janus Henderson’s biotech team utilizes deep fundamental research to identify companies trading at significant disparities from intrinsic value.
The award signifies much-deserved recognition of Janus Henderson’s efforts to deliver the firm’s market-leading biotech capabilities to qualified clients.

First Trust Specialty Finance and Financial Opportunities Fund Declares its Quarterly Distribution of $0.0825 Per Share

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Monday, November 13, 2023

First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.0825 per share.

Key Points:

First Trust Specialty Finance and Financial Opportunities Fund (the "Fund") (NYSE: FGB) has declared the Fund's regularly scheduled quarterly distribution of $0.0825 per share.
The Fund is a diversified, closed-end management investment company that seeks to provide a high level of current income.
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.

RMB provides £25m revolving credit facility to Westbrooke's Yield Plus UK secured private debt fund

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Friday, November 10, 2023

Hedge fund, FirstRand, Growth, GBP, AUM, Fund, Organization, Partnership, MD, RMB, Renewable energy, Lawrence Westbrook (politician)

LONDON, Nov. 10, 2023 /PRNewswire/ -- Rand Merchant Bank ("RMB") and Westbrooke Alternative Asset Management UK Limited ("Westbrooke UK"), are pleased to announce the completion of a £25m credit facility to Westbrooke Yield Plus Plc (the "Fund").

Key Points:

LONDON, Nov. 10, 2023 /PRNewswire/ -- Rand Merchant Bank ("RMB") and Westbrooke Alternative Asset Management UK Limited ("Westbrooke UK"), are pleased to announce the completion of a £25m credit facility to Westbrooke Yield Plus Plc (the "Fund").
The implementation coincides with the milestone of the Fund exceeding £100m in assets under management ("AUM").
This transaction marks a significant milestone for Westbrooke UK and the Fund, reinforcing our commitment to delivering innovative debt solutions to lower-mid market borrowers and originators across the UK."
[Disclaimer: This press release contains forward-looking statements that reflect current expectations and future projections of the Fund and RMB.

Northern Trust Universe Data: Institutional Plans Post Negative Returns as Global Equity Markets Sell Off in Q3

Retrieved on:

Monday, November 6, 2023

The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was down -2.2% for the quarter ending September 30, 2023.

Key Points:

The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was down -2.2% for the quarter ending September 30, 2023.
The Northern Trust Foundation and Endowment (F&E) universe produced a -1.1% median return for the quarter, while the Northern Trust Public Funds universe median return was down -1.7% and the Northern Trust Corporate (ERISA) universe median return was -5.1%.
Public Funds universe median multi-period returns for the one-, three- and five-year periods stand at 9.1%, 5.6% and 5.2%, respectively.
The segment continues to increase the allocation to Private Equity, where the universe median allocation now stands at 15.1%.

Rubicon Technology Partners Raises $1.7 billion for Fund IV

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Monday, November 6, 2023

CPQ, Hedge fund, Configure, price and quote, Software, Rubicon, Growth, Fund, Consultant, Culture, Investment, Simpson Thacher & Bartlett, Senior living, Software as a service, Pharmaceutical industry, Security (finance), Aline

BOULDER, Colo., Nov. 6, 2023 /PRNewswire/ -- Rubicon Technology Partners ("Rubicon"), a leading private equity firm focused on enterprise software investments, announced the successful closing of its latest fund, Rubicon Technology Partners IV ("Fund IV" or "the Fund"), at approximately $1.7 billion.

Key Points:

BOULDER, Colo., Nov. 6, 2023 /PRNewswire/ -- Rubicon Technology Partners ("Rubicon"), a leading private equity firm focused on enterprise software investments, announced the successful closing of its latest fund, Rubicon Technology Partners IV ("Fund IV" or "the Fund"), at approximately $1.7 billion.
This represents a 34% increase in size from its predecessor fund, Rubicon Technology Partners III, which closed in 2020.
We are very pleased to have received such strong support from our existing investors and are excited to welcome our new limited partners," said the Rubicon partners.
Simpson Thacher & Bartlett LLP served as legal counsel to the Fund and Rubicon.

Pender Capital Launches Timely Interval Fund to Capitalize on Private CRE Debt Opportunities

Retrieved on:

Monday, October 30, 2023

Sun Belt, CRE, Environment, Investment, Entrepreneurship, Hedge fund, Fund, Financial services, Security (finance)

LOS ANGELES, Oct. 30, 2023 /PRNewswire/ -- Pender Capital ("Pender"), a leading provider of short-term, senior secured commercial bridge loans, today announced the launch of the Pender Real Estate Credit Fund, a continuously offered closed-end interval fund focused on private CRE debt.

Key Points:

LOS ANGELES, Oct. 30, 2023 /PRNewswire/ -- Pender Capital ("Pender"), a leading provider of short-term, senior secured commercial bridge loans, today announced the launch of the Pender Real Estate Credit Fund, a continuously offered closed-end interval fund focused on private CRE debt.
The Fund, the fourth investment vehicle operated by management, seeks to capitalize on a ripe investment environment spurred by a reduction in lending options coupled with increased borrower demand for short-term loans.
"We have a perfect storm of high-quality CRE assets and sponsors facing frozen capital markets and unfavorable terms from lenders.
The fund seeks to provide investors with stable risk-adjusted returns, favorable and simplified tax structure, and both increased investment diversification and capital preservation through real estate related investments.

Yieldstreet Strengthens Structured Credit Capability of Prism Fund with Appointment of Prytania Asset Management as Sub-Adviser and Adds Two New Directors

Retrieved on:

Monday, October 30, 2023

Hedge fund, Lisp (programming language), Fund, Security (finance)

NEW YORK, Oct. 30, 2023 /PRNewswire/ -- Yieldstreet, a leading private market investing platform, today announced the voting results for the Election of Directors and appointment of Prytania Asset Management as sub-adviser at its special meeting of Yieldstreet Prism Fund Inc. (the "Fund").

Key Points:

NEW YORK, Oct. 30, 2023 /PRNewswire/ -- Yieldstreet, a leading private market investing platform, today announced the voting results for the Election of Directors and appointment of Prytania Asset Management as sub-adviser at its special meeting of Yieldstreet Prism Fund Inc. (the "Fund").
The Fund's stockholders approved Yieldstreet's recommendation to appoint Prytania Asset Management as an investment sub-adviser to the Fund, which will enable the Fund to invest in compelling structured credit opportunities including, collateralized loan obligations (CLOs).
Yieldstreet believes the Fund's increased exposure to structured credit offers it the potential to generate attractive risk-adjusted returns and diversification1 in the current market environment.
Stockholders also approved changes to the allocation of legal resources, an administrative enhancement designed to improve the Fund's operating efficiency.

Portland Investment Counsel Inc. Wins 5 Awards at the 2023 Canadian Hedge Fund Awards

Retrieved on:

Friday, October 20, 2023

Hedge fund, Consumer, Overalls, Private equity, Pension fund, Security (finance)

Toronto, Ontario--(Newsfile Corp. - October 20, 2023) - Portland Investment Counsel Inc. (Portland) is pleased to announce that the following Portland funds, both managed by Chris Wain-Lowe, Chief Investment Officer, Executive Vice-President, and Portfolio Manager of Portland, won 2023 Canadian Hedge Fund Awards:

Key Points:

Toronto, Ontario--(Newsfile Corp. - October 20, 2023) - Portland Investment Counsel Inc. (Portland) is pleased to announce that the following Portland funds, both managed by Chris Wain-Lowe, Chief Investment Officer, Executive Vice-President, and Portfolio Manager of Portland, won 2023 Canadian Hedge Fund Awards:
Portland Private Income Fund - Private Debt category for second place in the best three-year return and third place in the best five-year return;
Portland Global Sustainable Evergreen LP - Private Equity category for second place in the best one, three and five-year returns.
"Portland is delighted to have been recognized with five awards at the Canadian Hedge Fund Awards, a noteworthy achievement within Canada's hedge fund industry.
The annual Canadian Hedge Fund Awards help investors identify well performing hedge funds by recognizing winners in 5 performance measures across 6 categories as well as the Overall Best 2023 Canadian Hedge Fund.
A total of 264 Canadian Hedge Funds were considered for a 2023 Canadian Hedge Fund Award.

Alternative IQ Announces Winners of the 2023 Canadian Hedge Fund Awards

Retrieved on:

Wednesday, October 18, 2023

CHFA, Hedge fund, Overalls, Collection, Directory, Pension fund, Cryptocurrency

Toronto, Ontario--(Newsfile Corp. - October 18, 2023) - The 2023 Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented yesterday evening at the Gala Awards Dinner at One King West Hotel in Toronto.

Key Points:

Toronto, Ontario--(Newsfile Corp. - October 18, 2023) - The 2023 Canadian Hedge Fund Awards, the highest honour in Canada's hedge fund industry, were presented yesterday evening at the Gala Awards Dinner at One King West Hotel in Toronto.
The Canadian Hedge Fund Awards help investors identify the most exceptional hedge funds, recognizing winners in 6 categories as well as the Overall Best 2023 Canadian Hedge Fund.
A total of 264 Canadian Hedge Funds were included in the 2023 CHFA program.
Average Canadian Hedge Fund Performance as at June 30, 2023

First Trust MLP and Energy Income Fund Declares Monthly Common Share Distributions of $0.05 Per Share for November, December and January

Retrieved on:

Monday, October 23, 2023

Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities companies.

Key Points:

Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities companies.
To generate additional income, the Fund expects to write (or sell) covered call options on up to 35% of its managed assets.
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.