Core Insights - The company aims to leverage its asset management institutions' resources to create a comprehensive product supply system and establish a leading asset management brand in the industry [1] - The company is continuously optimizing its business structure and enhancing its investment research system [1] - As of September 2025, the public fund management scale of Guangfa Fund and E Fund, excluding money market funds, ranks third and first in the industry, respectively [1]

David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 years’ experience in investing, David holds a Master of Science (MS) Degree in Finance, with a concentration in Investment Analysis, from Boston University, a Certificate in Financial Planning, and ...

Core Insights - Westaim Corporation reported a net loss of $11.7 million for Q3 2025, a significant increase from a net loss of $1.2 million in Q3 2024, translating to a diluted loss per share of $0.35 compared to $0.05 in the previous year [1][2][3] Financial Performance - The total revenue for Q3 2025 was $14.0 million, with $12.9 million from the Asset Management segment and $0.5 million from the Insurance segment [9] - The Adjusted EBITDA loss for the Insurance segment was $9.4 million, while the Asset Management segment reported an Adjusted EBITDA loss of $2.3 million [11][12] - Consolidated shareholders' equity attributable to controlling interests was $671.3 million, with a book value per fully diluted share of $20.11, down from $22.88 at the end of 2024 [4][5] Business Developments - Westaim's Ceres Life Insurance Company launched multi-year guaranteed annuities (MYGA) in September 2025, receiving positive feedback for its technology and service platform [2][11] - Ceres has received regulatory approval to launch fixed index annuities, expected to commence in early 2026, which is anticipated to become a key product in its portfolio [2][11] - Arena Investors has begun managing Ceres' investment portfolio, aiming for an asset/liability matched strategy with a gross spread exceeding 200 basis points [2] Strategic Initiatives - The company is undergoing restructuring, including the planned closure of its Singapore office, which is expected to yield annualized savings of approximately $4.1 million [3] - Cumulative run-rate savings from restructuring initiatives have reached $8.1 million, with an additional $0.9 million identified from the wind-down of non-core businesses [3] Segment Performance - The Asset Management segment's AUM and Programmatic Capital increased to $4.5 billion as of September 30, 2025, up from $3.4 billion at the end of 2024 [12] - Fee-paying AUM was reported at $2.7 billion, including $0.3 billion from the Insurance segment, compared to $2.4 billion at the end of 2024 [12] Regulatory and Market Position - Ceres Life has obtained product regulatory approvals in 45 states plus the District of Columbia, positioning itself for growth in the annuity market [11] - The company is focused on scaling its operations efficiently, leveraging technology to enhance its competitive position in the insurance sector [11][17]

Declared quarterly distribution of $0.03 per common share in the fourth quarter of 2025, the first shareholder distribution for Mount Logan as a US registrant Asset Management segment generated $9.2 million in Fee Related Earnings (“FRE”)1 for the trailing twelve months ended September 30, 2025 Generated $5.2 million of Spread Related Earnings (“SRE”)2 for the trailing twelve months ended September 30, 2025, which reflects 0.7% of spread earnings on Ability’s assets All amounts are stated in United States d ...

Financial Performance Highlights - Fee Related Earnings (FRE) reached R$7706 million in 3Q'25, a 43% increase year-over-year, resulting in R$122 per share[8] - Adjusted Distributable Earnings (Adj DE) increased by 28% year-over-year to R$7309 million in 3Q'25, with Adj DE per share at R$116[8] - The FRE margin was 323% in 3Q'25[8] - Capital formation & appreciation reached R$19 billion in 3Q'25[8] Assets Under Management (AuM) - Total AuM reached R$3163 billion, a 349% increase year-over-year, driven by the combination with Compass and the acquisition of Lacan[17] - Capital formation in 3Q'25 totaled R$84 billion, driven by net inflows and capital subscriptions across Global IP&S and Credit strategies[17] - Portfolio appreciation of R$105 billion in 3Q'25 was partially offset by R$60 billion in negative FX variation and R$06 billion in capital returned to investors[17] Segment Performance - Global IP&S AuM was R$2412 billion in 3Q'25, with R$76 billion in net inflows and R$88 billion of appreciation[51] - Credit AuM totaled R$33 billion, up 263% year-over-year[55] - Private Equity AuM was R$16 billion, down 2% year-over-year[59] - Real Assets AuM was R$12 billion, up 17% year-over-year[65] Investment Related Earnings (IRE) - Fair Value of Investments accounted for R$7264 million[42] - Total capital called of R$7812 million, representing 548% of the total capital committed to proprietary funds as of September 30, 2025[42]

NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (“BAM”) (NYSE: BAM, TSX: BAM) a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, today announced the pricing of a public offering of (i) $600 million principal amount of senior notes due 2030, which will bear interest at a rate of 4.653% per annum (the “2030 notes”), and (ii) $400 million principal amount of senior notes due 2036, which will bear interest at a rate ...

Core Insights - Caliber reported a transformational quarter, strengthening its balance sheet and launching a Digital Asset Treasury (DAT) anchored in Chainlink (LINK) tokens, positioning the company towards adjusted EBITDA profitability [1][3][14] Financial Performance - Platform revenue for Q3 2025 was $3.5 million, a decrease from $7.4 million in Q3 2024 [5][8] - Asset management revenue declined by $1.2 million to $3.5 million, attributed to nonrecurring fee income [5] - Development and construction fees decreased by $2.7 million due to seasonal project timing [5] - The platform net loss was $4.4 million, or $1.70 per diluted share, compared to a net income of $0.2 million, or $0.11 per diluted share in the prior year [5][34] - Platform Adjusted EBITDA loss was $0.7 million, down from an Adjusted EBITDA of $2.4 million in Q3 2024 [5][34] Digital Asset Treasury Strategy - Caliber raised over $30 million in equity, enhancing its liquidity and balance sheet [3][5] - The company launched its Digital Asset Treasury anchored in LINK tokens, marking its entry into digital asset management alongside its core Private Equity Real Estate platform [3][5] - As of the end of Q3 2025, Caliber held 467,632 LINK tokens, which increased to 562,535 tokens valued at $8.5 million as of the release date [5][12] Business Developments - A joint venture, PURE Pickleball & Padel™, signed a 10-year exclusive agreement with Wolfgang Puck Catering, expected to drive significant corporate business [6] - The formation of a Caliber Crypto Advisory Board (CCAB) was announced to oversee the DAT strategy [12] - Caliber selected Coinbase Prime as its institutional platform for trading and custody in support of its DAT strategy [12] Consolidated Financial Results - Total consolidated revenue for Q3 2025 was $3.6 million, down from $11.3 million in Q3 2024, reflecting the deconsolidation of several entities [12][34] - Consolidated net loss attributable to Caliber was $4.4 million, or $1.65 per diluted share, compared to a net income of $0.1 million, or $0.12 per diluted share in the prior year [12][34] - Consolidated Adjusted EBITDA loss was $0.5 million, compared to an Adjusted EBITDA of $4.2 million in Q3 2024 [12][34]

Core Insights - Barings Participation Investors reported preliminary financial results for Q3 2025, showing a slight decrease in net investment income per share compared to the previous quarter, maintaining a focus on quality investments and conservative capital structures [1][4]. Financial Highlights - Total investment income for Q3 2025 was $4.4 million, with net investment income of $3.4 million, equating to $0.31 per share, down from $0.32 per share in Q2 2025 [4]. - The net increase in net assets resulting from operations was $3.4 million, or $0.32 per share [4]. - Net asset value (NAV) per share as of September 30, 2025, was $15.63, a decrease from $15.68 as of June 30, 2025 [5]. Investment Activity - During Q3 2025, the Trust made 9 new investments totaling $7.6 million and 41 add-on investments in existing portfolio companies totaling approximately $7.2 million [6]. Liquidity and Capitalization - As of September 30, 2025, the Trust had cash and short-term investments of $5.5 million and outstanding borrowings of $22.3 million, with unfunded commitments of $20.3 million [7]. Capital Gains - The Trust realized net capital gains of $300,308, or $0.03 per share, during Q3 2025, compared to $883,063, or $0.08 per share, in Q2 2025 [8].

Core Insights - T. Rowe Price Group, Inc. (TROW) reported preliminary assets under management (AUM) of $1.79 trillion for October 2025, reflecting a 1.3% increase from the previous month despite net outflows of $5.9 billion [1][7]. AUM Performance Breakdown - Equity products reached $902 billion, up 1.9% from the prior month [2]. - Fixed income products, including money market, grew nearly 1% to $210 billion [2]. - Multi-asset products totaled $622 billion, increasing nearly 1% from the previous month [2]. - Alternative products remained stable at $56 billion [2]. - Target date retirement portfolios amounted to $557 billion, rising 0.7% from the prior month [3]. Company Outlook - The company's diversified business model and ongoing efforts are expected to support top-line growth and provide resilience amid market fluctuations [4]. - A strong brand, consistent investment record, and decent business volumes are anticipated to sustain AUM growth in the future [4]. - Concerns exist regarding the company's overdependence on investment advisory fees [4]. Stock Performance - Over the past six months, TROW shares have increased by 7.7%, contrasting with a 1.1% decline in the industry [5]. - T. Rowe Price currently holds a Zacks Rank 1 (Strong Buy) [8]. Comparison with Other Asset Managers - Franklin Resources, Inc. (BEN) reported AUM of $1.69 trillion, up 1.7% from the prior month, despite long-term net outflows of $2 billion [9]. - Invesco Ltd. (IVZ) announced AUM of $2.17 trillion, a 2% increase from the previous month, with net long-term inflows of $8 billion [10][11].

Core Insights - Lazard, Inc. reported a preliminary asset under management (AUM) of $267.8 billion as of October 31, 2025, marking a 1.2% increase from the previous month, driven by market appreciation of $6.9 billion, offset by foreign exchange depreciation of $2.2 billion and net outflows of $1.4 billion [1][10] AUM Growth and Performance - The company has shown steady AUM growth over the years, with a compound annual growth rate (CAGR) of 1.7% from 2016 to 2024, despite experiencing declines in AUM during 2022 and early 2025 due to global uncertainties [2] - In the first nine months of 2025, Lazard's AUM increased year over year, indicating a gradual recovery following a challenging first half [2] Asset Class Breakdown - In October 2025, Lazard's equity assets rose by 1.9% month over month to $212.6 billion, while other assets increased by 1.7% to $8.9 billion; however, fixed-income assets saw a decline of 2.2% to $46.1 billion [3] Strategic Initiatives - The acquisition of Truvvo Partners in March 2023 added $3.8 billion in assets, enhancing Lazard's wealth management capabilities and expanding its high-net-worth client base [4] - The partnership with Elaia Partners in Paris led to the establishment of Lazard Elaia Capital, strengthening the firm's exposure to private market investments, particularly in the technology sector [4] - These strategic initiatives aim to diversify Lazard's asset mix and capture growth opportunities across public and private markets, supporting long-term AUM expansion [4] Competitive Landscape - Lazard's peers, Franklin Resources, Inc. and T. Rowe Price Group, Inc., have also experienced steady AUM growth, with Franklin reporting a preliminary AUM of $1.69 trillion (up 1.7% month over month) and T. Rowe Price at $1.79 trillion (up 1.3% month over month) [6][7][8] Market Performance - Over the past year, Lazard's shares have increased by 11.7%, contrasting with a 2.8% decline in the industry [9]