Alternative Investments

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X @Bloomberg
Bloomberg· 2025-08-21 10:14
The Nigerian push to find alternative investments fits in with a broader global trend that has seen increased inflows into private credit https://t.co/s6YhD4W7fk ...
Family offices increase exposure to alternative investments
CNBC Television· 2025-08-20 14:32
Alternative Investment Trends - Family offices are the fastest-growing market for alternative and private assets [2] - The number of family offices with exposure to alternative investments has increased by over 500% since 2016 [2] - There are now over 4,000 family offices with alternative investments, up from 651 in 2016 [3][4] Investment Preferences - Family offices are favoring private credit this year [4] - 39% of family offices plan to add or make new investments in private credit and private debt this year [4] - 29% of family offices plan to add or make investments in private equity [4] - Private credit is still a small share of the total family office portfolios at about 5% [5] - AI is the number one investment theme right now for family offices [8] Concerns and Challenges - Family offices are warning of higher fees and lower returns in private credit [5] - 72% of family offices say high fees are the biggest challenge to investing in private markets [6]
When invest like the 1% fails: How Yieldstreet’s real estate bets left customers with massive losses
CNBC Television· 2025-08-18 12:34
Global Management. >> Welcome back to Worldwide Exchange. A startup claiming to help investors get into big time real estate, private credit and litigation deals is now raising some serious concerns from investors.CNBC's Hugh Son breaking the story about Yield Street. This story just published on CNBC. com just a few minutes ago.Of 30 deals being reviewed by CNBC. Four have been declared total losses by Yield Street. 23 are quote on the watch list.Yield Street says some of the real estate investments have b ...
How to know if private assets in a 401(k) plan are right for you
CNBC Television· 2025-08-12 21:15
Alternative Investments in 401k Plans - The executive order aims to facilitate access to alternative investments like real estate, cryptocurrency, or private assets within 401k plans [1] - Private assets refer to privately held companies, which constitute the majority of businesses in America [1][2] Financial Planning Considerations - Individuals should assess their current 401k plan, contribution levels, and company matching contributions before considering alternative investments [2][3] - It's crucial to understand financial goals, desired retirement age, and estimated retirement income needs [3] - Ideally, retirement contributions should range from 15% to 20% of gross pay [4] - Maximizing company matching contributions is essential as it represents "free money" [4] Prudent Investment Approach - Before exploring alternative investments, ensure a thorough understanding of the existing 401k plan's contents and contribution strategy [4] - Verify whether the current plan adequately supports the achievement of long-term financial goals [4]
VINCI COMPASS REPORTS SECOND QUARTER 2025 EARNINGS RESULTS
Prnewswire· 2025-08-12 20:05
Core Viewpoint - Vinci Compass Investments Ltd. reported strong financial results for the second quarter of 2025, highlighting solid fundraising momentum and strategic initiatives across its platform [2]. Financial Performance - Fee Related Earnings (FRE) for the second quarter of 2025 were R$65.2 million, equating to R$1.03 per common share [4]. - Adjusted Distributable Earnings for the same period were R$75.8 million, or R$1.20 per common share [4]. Dividends - The company declared a quarterly dividend of US$0.15 per share, payable on September 9, 2025, to record holders as of August 25, 2025 [3]. Company Overview - Vinci Compass is a leading provider of alternative investments and global solutions in Latin America, with nearly three decades of experience and operations in eleven offices across Latin America and the US [6]. - As of June 2025, the company managed R$304 billion in assets under management and advisory [6].
Assured Guaranty(AGO) - 2025 Q2 - Earnings Call Presentation
2025-08-08 12:00
Financial Highlights - Adjusted operating income was $50 million, or $1.01 per share, for the second quarter of 2025[9] - The company insured $10 billion of new business par in the second quarter of 2025, the largest second-quarter amount in a decade[9] - The company generated $64 million of new business production (PVP) in the second quarter of 2025[9] - Pretax adjusted operating income from asset management was $5 million in the second quarter of 2025[9] - Pretax adjusted operating income from the alternative investment portfolio was $16 million in the second quarter of 2025[9] - Capital returned to shareholders in the second quarter of 2025 was $150 million, including share repurchases of $131 million (1.5 million shares) and dividends of $19 million[9] - Adjusted operating income was $212 million, or $4.21 per share, in the first half of 2025, a 23% increase compared to the first half of 2024[11] - The company insured $15 billion of new business par in the first half of 2025, the largest amount of first-half par insured in a decade[15] - The company generated $103 million of PVP in the first half of 2025[15] - The company repurchased nearly 3 million shares at a total cost of $251 million in the first half of 2025, representing nearly 6% of shares outstanding on December 31, 2024[15]
X @Bloomberg
Bloomberg· 2025-08-06 22:25
Investment & Expansion - Manulife 同意收购 Comvest 的多数股权 [1] - 这项收购将创建一个价值 184 亿美元($18.4 billion)的私募信贷平台 [1] - 该保险公司正在加速扩张另类投资业务 [1]
American Financial (AFG) - 2025 Q2 - Earnings Call Transcript
2025-08-06 16:32
Financial Data and Key Metrics Changes - AFG reported core net operating earnings of $2.14 per share, a decrease from $2.56 per share in the prior year period [9] - The annualized core operating return on equity was reported despite tempered overall results from alternative investments [6] - Net investment income, excluding alternatives, increased by 10% year over year due to higher interest rates [6][10] - The company returned over $100 million to shareholders through dividends and share repurchases [7][12] Business Line Data and Key Metrics Changes - Specialty Property and Casualty Insurance businesses generated a combined ratio of 93.1%, up from 90.5% in the prior year [15] - Gross and net written premiums in the Specialty Property and Casualty group were up 107% year over year, with a 65% increase when excluding the crop business [16] - The Specialty Casualty Group achieved a combined ratio of 93.9%, 4.8 points higher than the previous year, with gross and net written premiums increasing by 42% [20] - The Specialty Financial Group reported a combined ratio of 86.1, an improvement from 89.7 in the prior year, with gross and net written premiums up 15% and 12% respectively [22] Market Data and Key Metrics Changes - Multifamily construction starts are down approximately 20% year over year, indicating a tightening supply which is expected to drive higher rental and occupancy rates [12] - The overall renewal rate increases for the Property and Casualty Group were approximately 6%, with a 7% increase excluding workers' compensation [17] Company Strategy and Development Direction - The company continues to focus on disciplined operating philosophy and capital management to create long-term value for shareholders [13][23] - AFG is optimistic about the prospects of attractive returns from its alternative investment portfolio, expecting annual returns averaging 10% or better [12] - The company is evaluating opportunities for acquisitions, special dividends, or share repurchases as it generates significant excess capital [13] Management's Comments on Operating Environment and Future Outlook - Management noted a favorable pricing environment and increased exposures contributing to growth in Specialty Property and Casualty businesses [15] - The company remains cautious about social inflation impacts and has taken steps to non-renew certain accounts in its social services businesses [34] - Management expressed optimism regarding the crop business, citing better conditions compared to the previous year, although it is still early to predict profitability [56] Other Important Information - The company has a $16 billion investment portfolio, with approximately two-thirds invested in fixed maturities [10] - The annualized return on alternative investments was approximately 1.2% for the second quarter, down from 5.1% in the prior year [11] Q&A Session Summary Question: Insights on lender placed business within Specialty Financial - Management indicated that the lender placed property business is significant and tends to grow in a weak economy, with opportunities arising from market disruptions [27][28] Question: Comments on social inflation and non-renewals - Management confirmed that they have completed non-renewals in housing accounts and are nearing completion in daycare accounts, focusing on profitable segments [34] Question: Positioning in inland marine and trade credit business - Management noted growth opportunities in ocean marine and trade credit, although tariffs may impact the business [43][48] Question: Crop profitability outlook - Management stated it is too early to determine if the year will be above average for crop profitability, but conditions appear favorable [56] Question: Workers' compensation pricing environment - Management reported a slight decrease in overall workers' compensation pricing but noted a firming market in California [62] Question: Pricing and rate adequacy in professional lines - Management expressed cautious optimism about stabilizing pricing in public D&O business, with overall rates remaining flat [68]
Structured credit is where value is in alternative investing: Brown Brothers Harriman's Meskin
CNBC Television· 2025-08-04 19:45
So joining us now is Jeff Mein. He's a partner at Brown Brothers Harryman to break down how alternative investments can play a key role in wellbalanced portfolios and where the savvy investors are putting their money today. Jeff, we love having you.We always want to know how the other half is living. So I guess sort of first of all, as we work through this environment of so much fluidity when it comes to the macroeconomic environment and how that may or may not be influencing the market, what are your wealt ...
X @Bloomberg
Bloomberg· 2025-08-04 13:08
Fundraising Trends - Private equity and credit fundraising is slowing down [1] - Hedge funds and crypto strategies are gaining momentum in alternative investments [1]