Core Insights - Temasek's subsidiaries Pavilion Capital and Seviora Group are merging to form an Asia-based asset management group [1] - The integration aims to enhance Seviora's assets under management (AUM) to approximately $72 billion [2] - The combined platform will focus on delivering innovative investment solutions to global institutional investors and private wealth channels [1][2] Company Strategy - The merger will leverage Pavilion Capital's experience in Asia-focused private equity fund of funds and co-investment strategies [1] - Seviora aims to scale its capital base and broaden investment solutions across various sectors including private equity, private credit, and public markets [3] - Pavilion Capital will maintain its brand while operating under the Seviora Group umbrella, ensuring a continued focus on pan-Asia investment strategies [4] Leadership and Management - Pavilion Capital CEO Tow Heng Tan will support the integration process until his retirement on March 31, 2026 [5][6] - The combined platform will report to Seviora CEO Gabriel Lim, ensuring alignment with Seviora's strategic objectives [5] - The integration is expected to be completed by Q1 2026, pending regulatory approvals [6] Investment Offerings - Seviora's offerings include private credit, private equity, liquid and semi-liquid strategies, as well as traditional active and liquidity management solutions [7] - The merger is anticipated to enhance Seviora's ability to attract third-party capital through Pavilion Capital's established presence in the Asian private equity space [5]

Core Points - The China Insurance Asset Management Association has officially changed its name to the China Banking and Insurance Asset Management Association, marking a significant step in the self-regulation of the asset management industry in China [2][3] Group 1: Name Change and Significance - The name change is seen as a major initiative to enhance the self-regulatory management system of the wealth management industry and to promote the collaborative development of banking and insurance asset management institutions [2] - This transition signifies a new phase in the self-regulation of China's asset management industry [2] Group 2: Strategic Focus and Goals - The banking and insurance asset management sector is urged to implement the spirit of the 20th Central Committee's Fourth Plenary Session, focusing on national strategies and the "14th Five-Year Plan" [2] - Emphasis is placed on building a new wealth management framework, deepening reform and innovation, and ensuring a robust safety net for sustainable development [2][3] Group 3: Membership and Structure - The association comprises various members, including 30 banking wealth management subsidiaries and 35 insurance asset management companies, among others [3][4] - The association is a national, industry-specific, non-profit social organization that operates under the guidance and supervision of the National Financial Supervision and Administration Bureau and the Ministry of Civil Affairs [3] Group 4: Future Directions - The association aims to enhance political awareness, responsibility, and governance structure while improving member services and maintaining market credibility [3][4] - The new leadership is committed to fulfilling the roles of self-regulation, rights protection, coordination, and service to contribute to the high-quality development of the industry [4]

Core Points - Ellington Financial Inc. announced an estimated book value per share of common stock of $13.25 as of October 31, 2025, which includes the effect of a previously announced monthly dividend of $0.13 per share [1] - The monthly dividend of $0.13 per share is scheduled to be paid on November 28, 2025, to stockholders of record as of October 31, 2025 [1][8] - The estimated book value is subject to change upon completion of month-end and quarter-end valuation procedures [2] Financial Performance - For the quarter ended September 30, 2025, Ellington Financial reported net income attributable to common stockholders of $29.5 million, or $0.29 per common share [9] - The investment portfolio contributed $46.9 million, or $0.46 per common share, while the credit strategy contributed $42.4 million, or $0.42 per common share [9] - The Agency strategy generated $4.5 million, or $0.04 per common share [9] Company Overview - Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, mortgage-backed securities, and consumer loans [5] - The company is externally managed and advised by Ellington Financial Management LLC, an affiliate of Ellington Management Group, L.L.C. [6]

Nov 26, 2025 4:10 PM Eastern Standard Time First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF Share WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. ("FTA") announces the declaration of the Monthly distribution for First Trust Enhanced Short Maturity ETF, a series of First Trust Exchange-Traded Fund IV. The following dates apply to today's distribution declaration: Expected Ex-Dividend Date: November 28, 2025 Record Date: November 28, 2025 Payable Date: Dec ...

Tokenised money-market funds have ballooned to a $9 billion crypto market sector, but what looks like quiet progress has got the Bank for International Settlements sounding early risk warnings. Analysts at the Basel-based global forum of central banks and the Collegio Carlo Alberto, a research institute, said that, despite their digital packaging, these crypto funds remain exposed to traditional money-market tensions, according to a report published on Wednesday. Tokenised money-market funds are just lik ...

Core Points - The article emphasizes the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1] Summary by Categories Technical Requirements - Users are advised to enable Javascript and cookies in their browsers to ensure proper functionality [1] - The presence of ad-blockers can lead to blocked access, necessitating their temporary disablement [1]

Core Viewpoint - The article discusses the ongoing efforts by Brad Lander to engage asset managers, particularly BlackRock, in addressing climate change accountability for portfolio companies [2][3]. Group 1: Engagement with Asset Managers - In 2022, Brad Lander initiated discussions with BlackRock regarding their engagement with portfolio companies on climate change [2]. - By June 30 of this year, BlackRock and 49 other asset managers were required to submit plans detailing their steps to hold portfolio companies accountable for climate change [2]. Group 2: Review and Recommendations - Lander has been reviewing the submitted recommendations for approximately five months, leading to a recent announcement [3]. - Out of the 49 asset managers, 46 met the criteria set forth, and Lander recommends that the pension funds continue their relationships with these 46 [4]. Group 3: Financial Implications - BlackRock has the largest mandate recommended for termination, amounting to $42 billion, while Fidelity Investments and Panera combined manage approximately $750 million for the pension funds [5].

Core Viewpoint - The article discusses the shift in investment strategies among Chinese investors as deposit rates fall below 1%, leading to increased interest in diversified financial assets, particularly as the GDP per capita is projected to reach $13,000 in 2024 [1][2]. Group 1: Evolution of Investment Perspectives - The traditional focus on single asset types is being replaced by a need for diversified asset allocation due to low returns on fixed-income products and high volatility in equity markets [2][3]. - Investors are transitioning from a "single deposit" mindset to a more comprehensive "asset allocation" approach to balance risk and return [2][3]. Group 2: Common Pitfalls in Asset Allocation - Many investors still struggle with the concept of asset allocation, often mistaking superficial diversification (e.g., holding multiple funds in the same sector) for true diversification [4]. - The challenge lies in overcoming the inertia of traditional investment habits that prioritize capital preservation over potential growth [3][4]. Group 3: Effective Asset Allocation Strategies - The "Four Seasons Portfolio" strategy, inspired by Harry Browne's "Permanent Portfolio," offers a balanced approach by allocating 25% to stocks, bonds, cash, and gold, achieving a historical annual return of over 7% with a maximum drawdown of less than 10% [6][7]. - This strategy allows investors to navigate different economic cycles without needing to predict market conditions, providing a safety net during downturns and capturing opportunities during growth periods [6][7]. Group 4: Simplifying Asset Allocation for Investors - The "Four Seasons Portfolio" is designed to be user-friendly, enabling investors to select based on risk tolerance and investment goals, with automatic rebalancing features to maintain the desired asset mix [7]. - This approach emphasizes the importance of viewing investments as a cohesive portfolio rather than focusing on individual product performance, which can lead to panic selling or impulsive buying [7]. Group 5: Upcoming Educational Event - A live event hosted by CITIC Bank on November 28 aims to educate investors on effective asset allocation strategies and market navigation techniques [8].

Group 1 - The article does not provide any specific content related to a company or industry [1]

Regulatory Challenges - Apple is facing a potential antitrust penalty of up to $38 billion in India, highlighting increasing global regulatory scrutiny on technology giants [2][8] Energy Sector Activity - The US Baker Hughes Rig Count decreased by 10 rigs to a total of 544 as of November 28, with a notable drop of 12 rotary oil rigs to 407, indicating a contraction in drilling activity [3][8] UK Fiscal Policy - Vanguard plans to increase its investment in UK gilts, reflecting renewed investor confidence following the recent UK budget announcement [4][8] Housing Market Trends - U.S. mortgage rates eased for the week of November 26, with the average 30-year fixed rate at 6.23% and the 15-year fixed rate at 5.51%, potentially stimulating activity in the housing market [5][8] Automotive Industry Developments - The joint venture between CATL and Stellantis is open to employing local workers for the construction of their Aragon battery plant, although the number of Chinese workers involved remains unconfirmed [6][8]