All amounts in U.S. dollars unless otherwise stated TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Onex Corporation (“Onex”) (TSX: ONEX) confirms all nominees set forth in the management information circular for its May 8, 2025, Annual Meeting of Shareholders have been elected as directors of the Company. Detailed results of the vote for each director are set out below. NomineeElected by% Votes For% Votes WithheldGerald W. SchwartzMultiple Voting Shares1000Lisa Carnoy<td style="border-top: solid black 1pt ; bor ...

BOSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Compass Diversified Holdings (NYSE: CODI) for potential securities law violations. Investors who have lost money in their Compass Diversified Holdings investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/codi. What is this all about? Shares of Compass Diversified Holdings fell over 60% in intraday trading on May 8, 2025, following the company ...

Affiliated Managers Group (AMG) came out with quarterly earnings of $5.20 per share, beating the Zacks Consensus Estimate of $5.10 per share. This compares to earnings of $5.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.96%. A quarter ago, it was expected that this asset manager would post earnings of $6.02 per share when it actually produced earnings of $6.53, delivering a surprise of 8.47%.Over the last four quarters, ...

Financial Performance - For the first quarter of 2025, the company reported revenue of $57.3 million, a slight increase from $56.9 million in the same quarter of 2024 [2][39] - Operating income rose to $18.6 million, compared to $15.3 million in the first quarter of 2024, resulting in an operating margin of 32.4% [2][9] - Net income for the quarter was $18.3 million, leading to diluted earnings per share of $0.81, up from $0.64 in the prior year [2][39] Assets Under Management (AUM) - As of March 31, 2025, total AUM was $31.2 billion, a decrease of 1.6% from $31.7 billion at the end of 2024 [6][15] - The decline in AUM was attributed to net outflows of $0.7 billion and distributions of $0.1 billion, partially offset by net market appreciation of $0.3 billion [15][44] - The company entered a partnership with Keeley management, adding approximately $1.0 billion in AUM from four open-end funds and around 500 separately managed accounts [6][14] Revenue Breakdown - Investment advisory and incentive fees accounted for $53.8 million of total revenue, an increase from $52.5 million in the same quarter of 2024 [5][39] - Distribution fees and other income decreased to $3.5 million from $4.5 million year-over-year [5][39] - The increase in funds revenue was primarily due to higher average assets under management [5] Expenses - Total expenses for the first quarter were $38.7 million, down from $41.6 million in the same quarter of 2024 [2][8] - Compensation expenses decreased to $26.6 million, reflecting $2.8 million of waived compensation [8] - Other operating expenses remained relatively stable, with minor fluctuations compared to the previous year [8] Charitable Contributions - Since its IPO in February 1999, the company has donated approximately $80 million to charitable causes, with $48 million through a shareholder designated charitable contribution program [3] - A private foundation was established to continue the charitable giving program, with an initial contribution of $5 million [4] Return to Shareholders - In the first quarter of 2025, the company returned $14.1 million to shareholders through share repurchases and dividends [23] - A regular quarterly dividend of $0.08 per share was declared, payable on June 24, 2025 [24]

Starwood to open up its $30 billion real asset credit platform to the insurance industry MIAMI BEACH, Fla., May 8, 2025 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital") today announced the appointment of Rob Allard as Chief Investment Officer for Starwood Insurance Strategies, a new extension of Starwood Capital's credit platform. Mr. Allard brings more than 27 years of financial industry experience to his new position, including deep expertise in insurance markets, asset-backed finance and priva ...

Core Viewpoint - StepStone Group Inc. will release its financial results for the fourth quarter and fiscal year ended March 31, 2025, on May 22, 2025, after market close [1]. Group 1: Financial Results Announcement - The financial results will be discussed in a webcast and conference call scheduled for May 22, 2025, at 5:00 pm ET [2]. - A replay of the webcast will be available approximately two hours after the event concludes [2]. Group 2: Company Overview - StepStone Group Inc. is a global private markets investment firm managing approximately $698 billion in total capital, including $179 billion in assets under management as of December 31, 2024 [4]. - The firm's clientele includes large public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, family offices, and high-net-worth individuals [4]. - StepStone specializes in developing customized private markets portfolios across private equity, infrastructure, private debt, and real estate asset classes [4].

Company Overview - AMG partners with leading independent investment firms, leveraging over 30 years of experience [2] - The company has over 35 independent Affiliates [2] - AMG's Assets Under Management (AUM) are approximately $712 billion [2] Asset Allocation and Growth Strategy - AMG is strategically expanding its exposure to alternative asset classes [5] - The AUM is divided into Liquid Alternatives (~$155B), Differentiated Long-Only (~$417B), and Private Markets (~$140B) [6] - Over 50% of EBITDA comes from high-growth areas [8] Financial Performance and Capital Allocation - The company targets mid-teens annualized long-term earnings growth [11] - Approximately $2 billion in 2024 Annual Economic Net Income [49] - Since Q1 2020, share repurchases have reduced the adjusted diluted share count by 36%, representing ~17 million shares [55] - Approximately $2.8 billion in excess capital was returned over the last 5 years [56]

Core Insights - The article emphasizes the importance of quantitative research, financial modeling, and risk management in identifying high-growth investment opportunities [1] - It highlights the significance of combining risk management with long-term value creation in investment strategies [1] Group 1: Expertise and Experience - The company has over 20 years of experience in equity valuation, market trends, and portfolio optimization [1] - Previous leadership roles include Vice President at Barclays, focusing on model validation and stress testing [1] - The expertise encompasses both fundamental and technical analysis, utilizing data-driven insights to assess market dynamics [1] Group 2: Investment Approach - The investment approach prioritizes risk management alongside long-term value creation [1] - There is a strong interest in macroeconomic trends, corporate earnings, and financial statement analysis [1]

Carlyle Reports First Quarter 2025 Financial Results MAY 8, 2025 Carlyle Reports First Quarter 2025 Financial Results WASHINGTON, D.C. AND NEW YORK – May 8, 2025 – Global investment firm The Carlyle Group Inc. (NASDAQ: CG) today reported its unaudited results for the first quarter ended March 31, 2025. U.S. GAAP Results U.S. GAAP results for Q1 2025 included income before provision for income taxes of $171 million and a margin on income before provision for income taxes of 17.6%. Dividend The Board of Direc ...

New partnerships with Verition Fund Management and Qualitas Energy, together with Q1 investment in NorthBridge Partners, further diversify AMG’s business and broaden its participation in alternatives, in line with its growth strategyAffiliate Peppertree Capital Management to be acquired, marking culmination of AMG investment and a successful outcome for all stakeholdersStrong net client cash inflows in alternatives of approximately $14 billion, driven by both liquid alternatives and private marketsRepurchas ...