本报讯(记者袁传玺)天眼查工商信息显示，近日，兰州市国有资产运营管理有限公司成立，法定代表人 为曾东山，注册资本50亿元，经营范围含以自有资金从事投资活动、企业管理、融资咨询服务、财务咨 询、票据信息咨询服务、非融资担保服务、社会经济咨询服务、企业管理咨询等。股东信息显示，该公 司由兰州市财政局全资持股。 ...

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Core Insights - Warren Buffett's influence in the investing world is unparalleled, having transformed Berkshire Hathaway into a trillion-dollar entity since 1965, consistently outperforming the S&P 500 [1] - Buffett advises average investors to invest consistently in an S&P 500 ETF, emphasizing simplicity and potential gains [2][6] Investment Strategy - Berkshire Hathaway sold all its shares in the Vanguard S&P 500 ETF in Q4 2024, raising questions about whether to follow Buffett's advice or Berkshire's actions [3][8] - Investments should align with individual risk tolerance, financial goals, and investment style, suggesting that average investors should heed Buffett's advice rather than mimic Berkshire's moves [4][8] Benefits of S&P 500 Investment - The Vanguard S&P 500 ETF (VOO) provides instant diversification, access to top blue-chip stocks, and a low expense ratio of 0.03%, making it an attractive option for average investors [7]

Core Viewpoint - Caliber (Nasdaq: CWD) is set to release its third quarter 2025 financial results on November 13, 2025, and will host a webcast/conference call to discuss these results [1][2]. Company Overview - Caliber is a diversified real estate and digital asset management platform with over $2.9 billion in managed assets and a 16-year history in private equity real estate investing, focusing on hospitality, multi-family, and industrial real estate [4]. - In 2025, Caliber launched a Digital Asset Treasury strategy, becoming the first U.S. public real estate platform to do so, which integrates real and digital asset investing through an equity-funded approach [4]. Earnings Call Details - Investors can access the live earnings call by dialing specific numbers for domestic and international participants, or by visiting Caliber's investor relations website [2]. - A replay of the conference call will be available shortly after the call concludes on Caliber's website [2][3]. Additional Information - The news release and presentation materials related to the financial results will be accessible on the Investor Relations site under the "Financial Results" section [3].

Apollo Global Management surpassed Wall Street's expectations with a 20% rise in third-quarter profit on Tuesday, boosted by managing a swelling pile of assets, growth in debt origination and higher p... ...

Core Insights - Apollo Global Management reported strong third quarter results for the period ending September 30, 2025, highlighting broad-based momentum across its business [2] - The company declared a cash dividend of $0.51 per share for its Common Stock and $0.8438 per share for its Mandatory Convertible Preferred Stock [3][4] Financial Performance - Apollo's assets under management reached approximately $908 billion as of September 30, 2025, indicating significant growth in its asset management business [8] - The company emphasized its ability to deliver excess returns for clients through innovative capital solutions and strategic growth plans [2][8] Dividends - The cash dividend for Common Stock will be paid on November 28, 2025, to shareholders of record as of November 17, 2025 [3] - The cash dividend for Mandatory Convertible Preferred Stock will be paid on January 31, 2026, to shareholders of record as of January 15, 2026 [4] Strategic Outlook - Apollo's CEO noted the company's unique positioning to capitalize on structural trends such as re-industrialization and aging populations, which are driving investor interest in private markets [2] - The company is focused on executing its strategic growth plan, with early progress reported by its global team [2]

Core Insights - Patria achieved a significant milestone with Assets under Management (AUM) surpassing US$50 billion, which is over 3.5 times higher than the AUM at the time of its IPO in 2021 [2] - The company raised over US$1.5 billion in the third quarter and US$6 billion year-to-date, indicating strong growth momentum and a trajectory to exceed its full-year fundraising target of US$6.6 billion [2] - Distributable Earnings for Q3 2025 were reported at US$46.9 million, or US$0.30 per share, reflecting a 31% increase year-over-year [3] Financial Performance - Patria reported a net income of US$22.5 million attributable to the company in Q3 2025 [3] - Fee Related Earnings (FRE) reached US$49.5 million in Q3 2025, a 22% increase from US$40.6 million in Q3 2024, with an FRE margin of 58.5% [3] - The company declared a quarterly dividend of US$0.15 per share, payable on December 12, 2025, to shareholders of record as of November 14, 2025 [4] Company Overview - Patria is a global alternative asset management firm focused on mid-market segments, with a strong presence in Latin America and Europe [6] - The firm specializes in various asset classes including Infrastructure, Credit, Real Estate, Private Equity, and Public Equities, targeting sectors such as Agribusiness, Power & Energy, and Healthcare [7] - With 37 years of experience and over US$51 billion in AUM, Patria aims to deliver attractive returns while promoting sustainable development in its operational regions [6]

Core Viewpoint - The announcement of a leadership change at GF Securities Asset Management (Guangdong) Co., Ltd. indicates a strategic shift within the company, with Sun Xiaoyan set to take over as chairman from Qin Li on October 31, 2025, following Qin's departure due to work arrangements [2][3]. Group 1: Leadership Change - Sun Xiaoyan will officially assume the role of chairman on October 31, 2025, succeeding Qin Li, who is leaving due to work arrangements [2][3]. - Sun Xiaoyan has a long-standing career with GF Securities, having joined in July 1993 and worked across various departments, including the capital operations, accounting, and investment banking divisions [3][4]. - The leadership transition comes amid a series of executive changes at GF Asset Management, including the retirement of CIO Jiang Rong and the appointment of new executives in compliance and technology roles [4]. Group 2: Company Background - GF Asset Management, a wholly-owned subsidiary of GF Securities, was established on January 2, 2014, and is recognized as the first securities firm asset management company in South China [5]. - As of June 30, 2025, GF Asset Management reported a net asset value of 250.645 billion yuan, with specific asset management plans showing varied growth rates compared to the end of 2024 [5]. - The net value of single and special asset management plans increased by 4.56% and 39.49%, respectively, while the net value of collective asset management plans decreased by 8.85%, leading to an overall decline of 1.13% in total scale compared to the end of 2024 [5].

Group 1: Alphabet's Performance and AI Impact - Alphabet's Google Cloud Platform saw a 34% increase in revenue last quarter, reaching $15.2 billion, with an operating margin of 24% [1] - The backlog for Google Cloud grew by 82% year over year to $155 billion, indicating strong future demand [1] - In the search business, Alphabet's revenue growth accelerated to 15% year over year, driven by AI enhancements in search features [2] - The AI mode feature, which integrates the Gemini chatbot interface, has attracted 75 million daily users, contributing to overall query growth [2] - Investor sentiment is shifting positively towards Alphabet as it is recognized for its potential gains from AI advancements [3] Group 2: Bill Ackman's Investment Strategy - Bill Ackman has a concentrated investment strategy, with over half of his hedge fund's $16 billion portfolio in just three companies [4] - Ackman believes that concerns regarding AI chatbots threatening Alphabet are overstated, and he sees significant growth potential for the company [3] - Following positive news and strong earnings, Alphabet's stock price has risen significantly, trading at about 27 times forward earnings estimates [6] Group 3: Uber Technologies Overview - Ackman has built a substantial position in Uber Technologies, praising its profitability under CEO Dara Khosrowshahi [7] - Uber has formed partnerships with autonomous vehicle suppliers, including Alphabet's Waymo, enhancing its value proposition [8] - The company reported a 15% year-over-year increase in monthly active platform consumers and an 18% increase in total trips and gross booking volume [9] - Uber's adjusted EBITDA grew by 35% year over year, indicating strong operating leverage [10] - The company has initiated a $20 billion stock repurchase program, supporting expected adjusted earnings-per-share growth of around 30% [11] Group 4: Brookfield's Growth Potential - Brookfield is a diversified holding company with significant growth drivers in its insurance and asset management segments [12] - The insurance business has tripled its assets from $45 billion to $135 billion in three years, with potential growth to $600 billion [13] - Management anticipates $6 billion in net carried interest income over the next three years, significantly boosting earnings [14] - Ackman expects Brookfield's distributable earnings per share to grow by 30% starting next year, with the stock trading at less than 20 times trailing distributable earnings [15]

Nov 4, 2025 4:30 AM Eastern Standard Time Melford Carter, Former GCM Grosvenor Principal and Denali Co-Founder, Joins Star Mountain Capital as Senior Advisor Share Melford Carter, Star Mountain Capital Senior Advisor. NEW YORK--(BUSINESS WIRE)--Star Mountain Capital, LLC ("Star Mountain"), a specialized private investment firm focused on delivering systematic alpha and low market-correlated and tax-advantaged returns from the inefficient lower middle-market, is pleased to announce that Melford Carter has jo ...