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First Eagle Investments to Expand Its High Yield Municipal Credit Team as Total Assets Surpass $3.5 Billion
NEW YORK--(BUSINESS WIRE)--First Eagle Investments (“First Eagle”) is pleased to announce the upcoming additions of three seasoned research professionals to its High Yield Municipal Credit team, whose strong investment performance has attracted significant inflows and driven total assets in the First Eagle High Yield Municipal Fund (A Shares: FEHAX; I Shares: FEHIX; C Shares: FEHCX; R6 Shares: FEHRX) above $3.5 billion. Douglas Johnston and Ryan Rosberg will join the team as Managing Directors
Palmer Square Capital BDC Announces Third Quarter 2024 Supplemental Dividend of $0.05
MISSION WOODS, Kan.--(BUSINESS WIRE)--Palmer Square Capital BDC Inc. (NYSE: PSBD) ("Palmer Square" or the "Company"), an externally managed business development company, today announced that its Board of Directors has declared a third quarter 2024 supplemental dividend of $0.05 per share. Shareholders of record as of September 27, 2024 will receive the supplemental dividend, payable on October 14, 2024. The supplemental dividend will be paid out of the excess of the Company’s quarterly undistri
The Winners of the 2024 International Quant Championship
OLD GREENWICH, Conn.--(BUSINESS WIRE)--WorldQuant, a global quantitative asset management firm, today announced the winners of the 2024 International Quant Championship (IQC). The 2024 IQC saw record-breaking participation, with over 37,300 contestants from 111 countries and regions and 5,388 universities competing for a pool of $400,0001. The winners, selected from 13 finalist teams representing 13 regions, are: First Place: Chong-Sheng Huang, Yu-Heng Chi and Wei-Sheng Chen from National Tsing
Achievers Launches AI Inclusion Coach to Promote Recognition Experiences Built on Belonging
TORONTO--(BUSINESS WIRE)--Achievers, the leading recognition and reward platform for employee experience, announced today the launch of Inclusion Coach, a generative AI-powered tool that enables users to promote inclusive and unbiased recognition. Deeply rooted in Achievers’ guiding principles for ethical and responsible AI and developed with industry-leading LLMs, Inclusion Coach integrates seamlessly into Achievers’ recognition flow to reduce unconscious bias. The tool promotes efficient and
Ocean Park Strategies Now Available to Advisors on LPL’s Model Wealth Portfolios (MWP) Platform
SANTA MONICA, Calif.--(BUSINESS WIRE)--Ocean Park Asset Management announced today that five of its strategies are now available on LPL Financial’s “Model Wealth Portfolios” (MWP) platform: Ocean Park Tactical Bond Strategy, Ocean Park Municipal Bond Strategy, Ocean Park Strategic Income Strategy, Ocean Park Conservative Allocation Strategy, and Ocean Park Moderate Allocation Strategy. The Ocean Park model portfolios are designed to follow the firm’s quantitative rules-based investment process
Piper Sandler Companies Elects Ann Gallo to Board of Directors
MINNEAPOLIS--(BUSINESS WIRE)---- $PIPR--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Ann Gallo to its board of directors. Most recently, Gallo was a senior managing director and partner at Wellington Management Company, LLP, as well as the investment team leader of Wellington’s healthcare team, which managed over $60 billion in assets during her tenure. As a healthcare industry analyst and portfolio manager, Gallo researched healthcare services a
Barings Leads Senior Debt Financing for Long Point Capital’s Investment in BKF Engineers
CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s leading investment managers, today announced that it has served as sole lender to provide senior debt financing and an equity co-investment to support Long Point Capital’s (“LPC") investment in BKF Engineers. “Barings is excited to partner with Long Point Capital and their portfolio company BKF Engineers as the sole provider of senior term debt for the deal,” said Steve Jarvis, Managing Director in Barings’ Global Private Finance Gro
REVOLVING STORE Expands with a Second Location in SoHo
NEW YORK--(BUSINESS WIRE)--Revolving Store, a network of dynamic retail and art spaces across New York City, is excited to announce the opening of its second location at the prime corner of Broome Street and West Broadway in SoHo. Scheduled to open in early October, this new space will bring Revolving Store's unique blend of rotating pop-ups, galleries, and cafés to one of NYC's most vibrant neighborhoods. Under the leadership of CEO Salvatore Palella, Revolving Store has quickly established it
Butterfly Announces $300 Million Dividend Recapitalization of Milk Specialties Global
LOS ANGELES--(BUSINESS WIRE)--Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced the successful closing of a $300 million second lien term loan facility (the “Second Lien Term Loans”) issued by portfolio company Milk Specialties Global (“Milk Specialties” or the “Company”). GoldenTree Asset Management LP provided the Second Lien Term Loans for the transaction and the net proceeds thereof were used to complete a distribution to Milk Specialties sh
Edelman Financial Engines 2024 Everyday Wealth in America Study Finds Homebuying, Credit Card Debt, and Caregiving Among Top Financial Issues
BOSTON--(BUSINESS WIRE)--Edelman Financial Engines (EFE), a top independent wealth planning1 and workplace2 investment advisory firm, today released the findings from its most recent Everyday Wealth in America3 report. For the third year, the report explores key issues at the intersection of life and money, including those that may pose the biggest challenges to achieving financial security. “In our third year of conducting this research, we’re once again noticing that many Americans – even the
MAI Capital Management Appoints New Chief Financial Officer and Chief Digital and Technology Officer
CLEVELAND--(BUSINESS WIRE)--MAI Capital Management today announced two new additions to its c-suite executive team, Philip Noftsinger as CFO and JP Pattinson as CD&TO.
Horace Mann appoints Ryan Greenier to Executive Vice President and Chief Financial Officer
SPRINGFIELD, Ill.--(BUSINESS WIRE)--Horace Mann Educators Corporation (NYSE:HMN) and President and Chief Executive Officer Marita Zuraitis today announced Ryan Greenier has been appointed Executive Vice President and Chief Financial Officer, Oct. 1, 2024, succeeding Bret Conklin. With this appointment, Greenier joins the company’s executive officer team and will report to Zuraitis. Conklin will remain with the company through 2025 to ensure a smooth transition before his retirement. “Bret has h
Future Tech Appoints Mike Watkinson as Chief Revenue Officer
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Future Tech Enterprise, Inc., a leading technology solutions provider, is thrilled to announce the appointment of Mike Watkinson as Chief Revenue Officer (CRO) responsible for all aspects of global revenue growth and sales strategy. The addition further expands the FTEI executive leadership team, following the appointments of Mac McLauchlin as COO and Mary Catherine Wilson as CMO in the last 18 months. “Mike’s exceptional track record of leading sales gro
Newline™ by Fifth Third Awarded Best New Embedded Finance Platform by Tearsheet
CINCINNATI--(BUSINESS WIRE)--As part of its 2024 Big Bank Theory Awards, Tearsheet has named Newline™ by Fifth Third its Best New Embedded Finance Platform winner. The Big Bank Theory Awards by Tearsheet are the organization’s premier awards program recognizing and celebrating innovation in banking and embedded finance. With its awards program, Tearsheet brings together industry leaders, innovative startups, and key incumbent players in the field to acknowledge the companies shaping the future
PracticeMaster Is Now Available in Tabs3 Cloud
LINCOLN, Neb.--(BUSINESS WIRE)-- #SaaS--Tabs3 legal software debuted its latest release of Tabs3 Cloud, which adds the award-winning PracticeMaster solution to the platform.
Breckpoint Enhances Underwriting and Risk Management with Gradient AI
PHOENIX--(BUSINESS WIRE)-- #AIinInsurance--Breckpoint® has adopted Gradient AI’s SAIL Solution to enhance underwriting for self-funded employee benefits programs.
Peachtree Group Launches Fifth Delaware Statutory Trust, Providing Prime Opportunity for 1031 Exchange Investors
ATLANTA--(BUSINESS WIRE)--Peachtree Group announced the launch of its fifth Delaware Statutory Trust-structured hotel by acquiring the Residence Inn Tampa Wesley Chapel
The College for Financial Planning®—a Kaplan Company Launches Accredited Investment Fiduciary® Training for Financial Professionals Pursuing the AIF® Designation
CENTENNIAL, Colo.--(BUSINESS WIRE)-- #aif--The College for Financial Planning®—a Kaplan Company launches Accredited Investment Fiduciary® Training for professionals pursuing AIF® designation.
abrdn and First Trust Announce Closing of Reorganizations of Certain First Trust Advised Funds With abrdn U.S. Closed-End Funds
PHILADELPHIA & WHEATON, Ill.--(BUSINESS WIRE)--abrdn Income Credit Strategies Fund (NYSE: ACP) (“ACP”) and abrdn Global Infrastructure Income Fund (NYSE: ASGI) (each, an “Acquiring Fund”) announce today the completed reorganizations, after close of regular business on September 20, 2024, of First Trust/abrdn Global Opportunity Income Fund (NYSE: FAM) and Macquarie/First Trust Global Infrastructure/ Utilities Dividend & Income Fund (NYSE: MFD) (each, an “Acquired Fund”). In the reorganizatio
Q2 Appoints Jonathan Price as Chief Financial Officer
AUSTIN, Texas--(BUSINESS WIRE)--Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for financial services, today announced the appointment of Jonathan A. Price as its Chief Financial Officer to be effective November 2024. Price brings nearly 20 years of experience in corporate finance and operating leadership roles across investment banking, corporate strategy and the technology and financial services software industries. Price has significant leadership exper