Investment companies
JENNMAR, a leading global provider of infrastructure products and specialized services, has acquired the assets of Dumotech Industrial Products, a Quebec-based company specializing in the manufacturing and distribution of products for the hardrock mining industry. The acquisition strengthens JENNMAR's presence in Canada and positions the company to meet
Financial markets
General Atlantic, a leading global growth equity firm, has agreed to acquire Iron Park Capital Partners, LP, to create General Atlantic Credit. This move will enable GA Credit to provide creative capital solutions to high-quality companies in need of strategic partners across various stages of corporate and economic lifecycles. The
Financial markets
Victory Portfolios II has announced plans to liquidate the VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY), citing a regular review of its product lineup to ensure it meets client needs. The decision affects shareholders, who can sell their holdings on the Nasdaq Stock Market prior to the close
Financial markets
Since Italian billionaire Stefano Pessina took over Boots almost 15 years ago, concerns have been raised about the future of the beloved High Street chemist chain. Pessina has hired Goldman Sachs to explore a sale of the business, which could fetch up to £10 billion. However, the potential sale has
Financial markets
Financial institutions like Zigvern Ltd and Allbutt Ltd use hedging techniques to mitigate potential losses due to market fluctuations. By leveraging futures and options, these companies can protect their investment portfolios from adverse market movements. For instance, Zigvern Ltd sold FTSE 100 futures to profit from a potential market downturn,
Financial markets
JLL Capital Markets has completed the sale of a five-property seniors housing portfolio in Southeast Florida, with a total value of $64 million. The portfolio, managed by Florida-based Sonata Senior Living, comprises 444 units across five properties in Delray Beach, Boynton Beach, Boca Raton, Coconut Creek, and Vero Beach. The
Financial markets
Gansu Provincial Highway Aviation Tourism Investment Group Co.,Ltd. has recently issued a RMB 1.5 bln 3-year private placement note on the interbank bond market. This issuance marks a significant milestone for the company, which was founded in 1999. The bond, with an issue code of 032100509.IB, offers
Financial markets
In response to the Securities and Exchange Commission's request for comments on potential options for money market fund reforms, Investment Company Institute (ICI) President and CEO Eric J. Pan emphasized the need to examine the root causes of market turmoil in March 2020, rather than placing new rules
Financial markets
The Ewing Morris Flexible Fixed Income Fund, an alternative high yield fixed income fund, has reached its fifth anniversary during the first quarter of 2021. Established by John Ewing and Darcy Morris in September 2011, the fund has delivered a 7.2% net return, exceeding its original target of 5-7%
Commercial banks
First Union's sale of its credit-card operation to MBNA Corp. marks a significant shift in the credit-card industry, where companies must be large, national players to compete. The sale, valued at $5.3 billion in loans and 3 million accounts, is part of First Union's companywide
Commercial banks
MBNA Corporation, the largest independent credit card lender in the world, has entered into an agreement with First Union to acquire its consumer and commercial revolving credit businesses. The acquisition includes a consumer revolving credit portfolio of $5.3 billion in loans and over 3 million accounts, as well as
Investment companies
Allstate Corporation, the nation's largest publicly held personal lines insurance company, has made a significant move to expand its presence in the $45 billion independent agent personal insurance market. The company announced the acquisition of the personal lines business of Chicago-based insurer CNA, a move that will increase
