Element Capital Management

Wealhouse Capital Management Celebrates Victory at 2023 Canadian Hedge Fund Awards

Retrieved on: 
Thursday, October 26, 2023
Data collection, Element Capital Management, Security (finance), Pension fund

Toronto, Ontario--(Newsfile Corp. - October 26, 2023) - Wealhouse Capital Management ("Wealhouse") is proud to announce its outstanding performance at the prestigious Alternative IQ's Canadian Hedge Fund Awards, where two of its Funds, the Lions Bay Fund and Amplus Credit Income Fund, earned multiple accolades.

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - October 26, 2023) - Wealhouse Capital Management ("Wealhouse") is proud to announce its outstanding performance at the prestigious Alternative IQ's Canadian Hedge Fund Awards, where two of its Funds, the Lions Bay Fund and Amplus Credit Income Fund, earned multiple accolades.
  • Of the 264 Canadian hedge funds that participated in the 2023 Canadian Hedge Fund Awards program, Wealhouse took home four awards.
  • Senior Portfolio Manager, Justin Anis' Lions Bay Fund placed:
    Best 3 Year Sharpe Ratio, Equity Focused – 2nd place
    Senior Portfolio Manager, Andrew Labbad's Amplus Credit Income Fund placed:
    Best 3 Year Sharpe Ratio, Credit Focused – 1st place
    The 2023 Canadian Hedge Fund Awards, known as the highest honor in Canada's hedge fund industry, took place last week at the One King West Hotel in Toronto.
  • These awards, presented in six distinguished categories, provide investors with valuable insights into the most outstanding hedge funds.

Osterweis Strategic Income Fund Named Best Multi-Sector Income Fund (3-year category) in the 2023 Refinitiv Lipper Fund Awards

Retrieved on: 
Friday, March 24, 2023
Banking, Asset Management, Professional Services, Finance, Element Capital Management, Refinitiv, Best, Rollin G. Osterweis, Cryptocurrency, Lipper

Osterweis Capital Management (Osterweis) announced today that its Strategic Income Fund (OSTIX) has been named a 2023 Refinitiv Lipper U.S. Fund Awards Winner as the Best Multi-Sector Income Fund Over Three Years.

Key Points: 
  • Osterweis Capital Management (Osterweis) announced today that its Strategic Income Fund (OSTIX) has been named a 2023 Refinitiv Lipper U.S. Fund Awards Winner as the Best Multi-Sector Income Fund Over Three Years.
  • We applaud the 2023 Refinitiv Lipper Fund Award winners such as Osterweis Capital Management for delivering the comfort of consistency to investors’ portfolios during such a tumultuous period.”
    The Osterweis Strategic Income Fund is a benchmark-agnostic strategy that utilizes fundamental research to build a diverse portfolio of fixed income securities.
  • The fund also invests in overlooked areas such as convertible bonds.
  • OSTIX is managed by Carl Kaufman, who launched the fund in 2002, as well as industry veterans Craig Manchuck and Bradley Kane.

Element Reports Strong Fourth Quarter and Record Full-Year 2022 Results, Reaffirms 2023 Guidance

Retrieved on: 
Monday, March 6, 2023
Culture, MD, Retirement, FMC, ANZ, Webcast, Commerce, Commercial, Element Capital Management, Consultant, Growth, Armada, Environment, Treasury, FX, Canadian Imperial Bank of Commerce, Syndication, Risk and strategic consulting, OEM, Risk, Agility, Organic, Effect, Collaboration, CIBC, Knowledge, Organization, Element, KPI-driven code analysis, Cryptocurrency, Real estate, Management, Retail, Bank, Risk management, Holding company

"Element’s fourth quarter performance -- for our clients, our people, and our investors -- caps off the most successful year in the Company’s history," said Jay Forbes, Element's Chief Executive Officer. "With the headwinds of both the pandemic and vehicle shortages abating, 2022 was the first real opportunity for Element to illustrate the commercial, operational and financial capabilities we rebuilt through Transformation. The Company has never performed better, nor been better positioned; we enter 2023 on a wave of strong momentum that materially de-risks the attainment of our full-year results guidance."

Key Points: 
  • As today’s Q4 and full-year 2022 results amply demonstrate, Element continues to perform better than ever.
  • And, critically, we stayed the course on those strategies, first through the global pandemic and then through an industry-first vehicle shortage.
  • The Company’s Board of Directors has authorized and declared a quarterly dividend of $0.10 per outstanding common share of Element for the first quarter of 2023.
  • The dividend will be paid on April 14, 2023 to shareholders of record as at the close of business on March 31, 2023.

Point72 Expands Global Economics Team with Key Hires in New York and London

Retrieved on: 
Tuesday, July 26, 2022
Banking, Asset Management, Professional Services, Finance, Public policy, Treasury, Institute of technology, University, Goldman Sachs, Morgan Stanley, Research, Philosophy and economics, German Institute for Economic Research, European Central Bank, Doctor of Philosophy, United States Department of the Treasury, Royal commission, Federal Reserve Bank, Federal Reserve Bank of New York, Element Capital Management, Technical University of Berlin, Economist, United, Policy, European Commission, Economy, Central bank, IMF, Head, Goldman, ECB, Currency, University of Bayreuth, Federal Open Market Committee, U.S. Department of Defense Strategy for Operating in Cyberspace, Management, Security (finance), Point72 Asset Management, Philosophy, Economics

Point72 today announced that it has expanded its economics team with the addition of Sophia Drossos as Economist and Strategist based in New York, and Soeren Radde as Head of European Economic Research, based in London.

Key Points: 
  • Point72 today announced that it has expanded its economics team with the addition of Sophia Drossos as Economist and Strategist based in New York, and Soeren Radde as Head of European Economic Research, based in London.
  • Ms. Drossos will cover U.S. and global economic and policy developments, while Mr. Radde will analyze and forecast the euro area and UK economies.
  • Prior to joining Point72, she served as Head of Research at Light Sky Macro and held similar positions at Thiel Macro and Element Capital Management.
  • Point72 Asset Management is a global firm led by Steven Cohen that invests in multiple asset classes and strategies worldwide.

Element Reports Fourth Quarter and Full-Year Results, Having Achieved 2021 Strategic Growth Objectives and Returned $644 Million Cash to Common Shareholders

Retrieved on: 
Tuesday, March 1, 2022
AOI, TSX, OEM, Income, EPS, Syndication, Growth, Sale, Company, Economics, Tax, Maintenance, BPS, Toronto Stock Exchange, McDonnell Douglas MD-11, EFN, History, Achievement, Intention, MD, Element Capital Management, GLOBE, Cryptocurrency, Self storage, Weapon, Fossil fuel, Renewable energy, Surveying, Holding company, Renting, Animal, Element, Q3, Armada

TORONTO, March 01, 2022 (GLOBE NEWSWIRE) -- Element Fleet Management Corp. (TSX:EFN) (“Element” or the “Company”), the largest pure-play automotive fleet manager in the world, today announced financial and operating results for the three and twelve months ended December 31, 2021 reflecting achievement of the Company’s 2021 strategic growth objectives and the return of $644 million cash to common shareholders.

Key Points: 
  • Element grew 2021 net revenue 1.1% year-over-year as reported and 5.8% in constant currency, to $973.8 million.
  • We comfortably achieved all our 2021 growth objectives despite an industry-first global vehicle shortage.
  • This has allowed Element to significantly lower its tangible leverage ratio4 and at the same time return $644 million cash to shareholders in 2021.
  • Element returned $644 million in cash to common shareholders in 2021 by repurchasing 39,002,033 common shares for cancellation pursuant to the Companys NCIB and paying $111million in common dividends.

Compass Returns to NYC: Good Shepherd Services Hosts their Epic, Late-Night Puzzle Hunt Fundraiser to Support Programming for NYC Youth

Retrieved on: 
Monday, October 18, 2021
Children, Consulting, Banking, Accounting, Professional Services, Philanthropy, Family, Foundation, Consumer, Parenting, Finance, Midnight, Goldman Sachs, Good Shepherd, CUNY, Jeffrey, City University, Human, Technology, BNP Paribas, New Yorkers, GSS, City, PDT Partners, Long Beach Museum of Art, Museum of Arts and Design, Barclays, City University of New York, J. P. Morgan, SECOR, Element Capital Management, Art, Goldman, COVID-19, Toy, Pharmaceutical industry

We are thrilled to bring back Compass, one of New York Citys most exciting and anticipated fundraising events, for the first time since the pandemic, said Michelle Yanche, Executive Director of Good Shepherd Services.

Key Points: 
  • We are thrilled to bring back Compass, one of New York Citys most exciting and anticipated fundraising events, for the first time since the pandemic, said Michelle Yanche, Executive Director of Good Shepherd Services.
  • Thanks to Element Capital, 100% of all donations raised through Compass will directly support Good Shepherd programs.
  • Good Shepherd Services goes where children, youth, and families face the greatest challenges and provides resources that build on their inherent strengths to help them thrive.
  • Good Shepherd operates over 80 programs which help nearly 30,000 youth and family members in struggling neighborhoods throughout New York City.

Best’s Special Report: U.S. Life Insurers Continue to Reduce Hedge Fund Investments

Retrieved on: 
Thursday, July 11, 2019
Insurance, Professional services, Finance, Hedge fund, Money, Investment, Element Capital Management

The new Bests Special Report, titled, Life Insurers Continue to Reduce Hedge Fund Investments, states that the life/annuity segment cut its hedge fund holdings to $5.8 billion in 2018 from $7.0 billion in the previous year, and from $14.2 billion in 2015.

Key Points: 
  • The new Bests Special Report, titled, Life Insurers Continue to Reduce Hedge Fund Investments, states that the life/annuity segment cut its hedge fund holdings to $5.8 billion in 2018 from $7.0 billion in the previous year, and from $14.2 billion in 2015.
  • The property/casualty segment also shrank its hedge fund investments for a third year, pulling back 7.6% to $8.1 billion in 2018 from $8.8 billion in 2017.
  • The decline in hedge funds holdings is due to strategic investment decisions rather than any nuanced reclassification.
  • Hedge funds also are held predominantly by larger organizations: Companies in the largest financial size categorythose with capital and surplus of $2 billion or morehold nearly 85% of hedge fund investments.