Harvest Fund Management

The Canton Network Completes the Most Comprehensive Blockchain Pilot to Date for Tokenized Real World Assets

Retrieved on: 
Tuesday, March 12, 2024
Online Privacy, Technology, Finance, Fintech, Banking, Professional Services, Digital Cash Management, Digital Assets, Blockchain, Asset Management, Microsoft, Commerzbank, Visa, Entrepreneurship, Goldman Sachs, Broadridge Financial Solutions, Pirum, Risk, DRW, IEX, Wellington Management Company, EquiLend, Cboe Global Markets, DTCC, Harvest Fund Management, Standard Chartered, BNP Paribas, BNY Mellon, Privacy, State Street, Digital asset, Cryptocurrency

It also demonstrated the potential benefits of using such a network to reduce counterparty and settlement risk, optimize capital, and enable intraday margin cycles.

Key Points: 
  • It also demonstrated the potential benefits of using such a network to reduce counterparty and settlement risk, optimize capital, and enable intraday margin cycles.
  • The pilot showed the potential of the Canton Network to reduce costs, risks, and inefficiencies, while striving to meet regulatory requirements for the issuance, transfer, and settlement of tokenized traditional assets.
  • “The pilot program marks an important milestone for the Canton Network,” said Yuval Rooz, CEO and Co-Founder of Digital Asset.
  • Digital Asset provided the technology and guidance to support the pilot and is one of the technology and infrastructure providers for the Canton Network.

DL Holdings Group (1709.HK) Reports Net Profit of Over HK$100 Million

Retrieved on: 
Monday, June 27, 2022
Emerald, Insurance, San Francisco Bay Area, Acquisition, DL, HK, Attention, HKD, Harvest Fund Management, Federal Reserve Bank of St. Louis, DL Group, Industry, Annual report, Initial public offering, MAS, Mainland China, LPF, Partnership, Investment, Federal Reserve, Motherboard, Hang Seng Index, InvestHK, DL Holdings, Eye, Education, Financial services, Property management, Bank

HONG KONG, June 27, 2022 /PRNewswire/ -- Focused on the needs of its core family office clients, DL Holdings Group (DL Holdings, DL), with US$3 billion in assets under management and advisory, is transforming itself into a "multi-family office and investment platform" with its own capital and assets, which will differentiate itself from industry peers such as single-family offices, multi-family offices on an advisory basis, multi-family offices on a discretionary basis, and traditional funds and asset management companies. DL Holdings aims to provide comprehensive services such as private banking, investment banking, funds, trusts, immigration, education, philanthropy, and impact investing. It has expanded its footprint to the Chinese Mainland, Singapore, the United States, and Japan, with an eye on becoming the leading multi-family office and investment platform in the Asia-Pacific region.

Key Points: 
  • DL Holdings aims to provide comprehensive services such as private banking, investment banking, funds, trusts, immigration, education, philanthropy, and impact investing.
  • For the year that ended on 31 March 2022, the company posted total revenue of HK$309 million, gross profit of HK$170 million, gross profit margin of 55.9%, net profit of HK$110 million, and a net profit margin of 35.5%.
  • Despite a highly volatile market in 2021-2022, DL Holdings managed to post a trend-setting net profit of over HK$100 million, reflecting its strong competitive advantages in the industry.
  • According to its annual report, the company's provisions for financial services from licensed businesses generated HK$140 million in revenue and HK$72 million in profit.

Harvest’s Two UCITS Funds Win LuxFLAG ESG Labels

Retrieved on: 
Monday, October 18, 2021
Banking, Professional Services, Finance, UCITS, Machine learning, Climate change, PRI, Policy, Luxembourg, ESG, Carbon, Harvest Fund Management, Research, Renewable energy, Lithium

Harvest Global Investments Co., Ltd. is pleased to announce the receipt of LuxFLAG ESG labels for two of its UCITS funds.

Key Points: 
  • Harvest Global Investments Co., Ltd. is pleased to announce the receipt of LuxFLAG ESG labels for two of its UCITS funds.
  • The Luxembourg Finance Labelling Agency has granted LuxFLAG ESG labels to Harvest China Evolution Equity Fund and Harvest Asian Bond Fund in recognition of Harvests efforts to incorporate ESG standards into investment strategies.
  • The two Harvest funds are the first China equity fund and Asian bond fund, respectively, being awarded LuxFLAG ESG labels1.
  • Proprietary ESG data and scores: Harvest has established its dedicated ESG team since 2018 and developed its proprietary ESG framework.

ATIF Holdings Limited Launches Asset Management As Main Business, Achieves Rates Of Return of 64.77% On Securities Investments In 2020

Retrieved on: 
Wednesday, January 6, 2021
Finance, Service companies, Investment, Harvest Fund Management, NBK Capital

In January 2021, ATIFofficially relocated its operational headquarters to California, USA, and launched new business model covering three major sectors: asset management, investment holding and media services.

Key Points: 
  • In January 2021, ATIFofficially relocated its operational headquarters to California, USA, and launched new business model covering three major sectors: asset management, investment holding and media services.
  • Among the three sectors, asset management is the new main business of the Group, and it is anticipated to provide equity investments and investment advisory services in the U.S. stock marketin 2021.
  • The Group's asset management team has launched its initial venture into equity investments in January 2021and has broughtidealresults tothe Group.
  • After obtaining the qualification of the asset management, the Group plans to establish a private fund to provide equity investments and investment advisory services in the U.S. stock market.

The China Fund, Inc. Records Third Quarter Results

Retrieved on: 
Tuesday, September 15, 2020
Finance, Money, Financial markets, Investment company, Investment management, Security, Equity securities, Private equity, Investment, Harvest Fund Management, Guosen Securities

NEW YORK, Sept. 15, 2020 /PRNewswire/ --The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31, 2020.

Key Points: 
  • NEW YORK, Sept. 15, 2020 /PRNewswire/ --The China Fund, Inc. (NYSE: CHN) today announced its financial results for its third fiscal quarter ended July 31, 2020.
  • The Fund is a closed-end management investment company with the objective of seeking long-term capital appreciation by investing primarily in equity securities (i) of companies for which the principalsecurities trading market is the People's Republic of China ("China"), or (ii) of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive at least 50% of their revenues from goods and services sold or produced, or have at least 50% of their assets, in China.
  • Whilst the Fund is permitted to invest in direct equity investments of companies organized in China, it presently holds no such investments.

Western Asset High Income Opportunity Fund Inc. Announces Additional Tender Offer Details

Retrieved on: 
Friday, August 14, 2020
Banking, Professional services, Finance, Finance, Investment, Investment management, Exchange-traded funds, Net asset value, Western Asset Management Company, Franklin Templeton Investments, Money market fund, Harvest Fund Management

Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) (the Fund) announced today additional details concerning its previously announced cash tender offer for up to 25% of the Funds outstanding shares of common stock (the Shares) at a price per Share equal to 99.5% of the Funds net asset value per Share as of the business day immediately following the expiration date of the tender offer (the Offer).

Key Points: 
  • Western Asset High Income Opportunity Fund Inc. (NYSE: HIO) (the Fund) announced today additional details concerning its previously announced cash tender offer for up to 25% of the Funds outstanding shares of common stock (the Shares) at a price per Share equal to 99.5% of the Funds net asset value per Share as of the business day immediately following the expiration date of the tender offer (the Offer).
  • The Fund will repurchase Shares tendered and accepted in the Offer in exchange for cash.
  • The Fund will file the tender offer documentation with the U.S. Securities and Exchange Commission (SEC).
  • Western Asset High Income Opportunity Fund Inc., a diversified, closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Franklin Resources, Inc., and is sub-advised by Western Asset Management Company, LLC and Western Asset Management Company Limited, affiliates of the investment manager.