CALGARY, Alberta and TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) (“Magnetic North” or the “Company”) announces that it did not meet the filing date of April 30th for filing of the following continuous disclosure documents (collectively, the “Annual Filings”): the Company’s Annual Audited Financial Statements for the year ended December 31, 2024, as required by section 4.2 of National Instrument 51-102 – Continuous Disclosure Obligations (“NI 51-102”);the ...

Core Viewpoint - The company reported a significant decline in net earnings and operating performance for the first quarter of 2025, primarily due to net losses in its securities portfolio and costs associated with the acquisition of Sterling, despite an increase in net revenue compared to the previous year [2][3][5]. Financial Performance - Net revenue for Q1 2025 was $95.2 million, up from $62.5 million in Q1 2024, with $35.9 million contributed by Sterling [3][4]. - Operating earnings decreased to $7.1 million in Q1 2025 from $12.3 million in Q1 2024, while EBITDA fell to $15.9 million from $18.9 million [4]. - The company reported net losses of $15.7 million in Q1 2025, a stark contrast to net gains of $12.7 million in the same quarter of the previous year [5]. Cash Flow and Shareholder Metrics - Adjusted cash flow from operations attributable to shareholders was $12.5 million in Q1 2025, down from $14.7 million in Q1 2024 [6]. - Shareholders' equity as of March 31, 2025, was $1,304 million, or $53.30 per share, compared to $1,318 million, or $53.76 per share, as of December 31, 2024 [7]. Client Assets and Market Position - Total client assets were reported at $167.2 billion as of March 31, 2025, reflecting a 1% decrease from $169.0 billion as of December 31, 2024, but a 172.7% increase from $61.3 billion as of March 31, 2024 [2][3]. - The decline in client assets was attributed to net client outflows year-to-date, partially offset by positive market performance [2]. Dividend Declaration - The Board of Directors declared a quarterly eligible dividend of $0.39 per share, payable on July 18, 2025, to shareholders of record on July 11, 2025 [7].

Core Insights - Cohen & Steers, Inc. reported preliminary assets under management (AUM) of $87.5 billion as of April 30, 2025, reflecting a decrease of $70 million from $87.6 billion at March 31, 2025 [1][2]. AUM Breakdown - The decrease in AUM was attributed to distributions totaling $151 million and market depreciation of $60 million, which were partially offset by net inflows of $141 million [1][2]. - AUM by investment vehicle as of April 30, 2025: - Institutional Accounts: Total AUM of $34.028 billion, with net inflows of $35 million and market depreciation of $164 million [2]. - Open-end Funds: Total AUM of $42.210 billion, with net inflows of $105 million and market depreciation of $150 million [2]. - Closed-end Funds: Total AUM of $11.271 billion, with net inflows of $1 million and market depreciation of $74 million [2]. Company Overview - Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, and commodities [2]. - The firm was founded in 1986 and is headquartered in New York City, with additional offices in London, Dublin, Hong Kong, Tokyo, and Singapore [2].

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 ...

Core Insights - Compass Diversified Holdings' shares dropped over 60% on May 8, 2025, due to the company's announcement that its 2024 financial statements are unreliable because of irregularities at its subsidiary, Lugano Holding, Inc. [2] - The company has initiated an internal investigation into Lugano's financial reporting, uncovering irregularities in sales, cost of sales, inventory, accounts receivable, and unrecorded financing arrangements [2] - Following these disclosures, the filing of the Q1 2025 Form 10-Q has been delayed, and Lugano's founder and CEO has resigned without compensation [2] Company Investigation - Block & Leviton is investigating Compass Diversified Holdings for potential securities law violations and is reaching out to investors who have incurred losses [1][4] - Investors who purchased shares and experienced a decline in value may be eligible to recover losses, regardless of whether they sold their investments [3] Whistleblower Information - Individuals with non-public information about Compass Diversified Holdings are encouraged to assist in the investigation or report to the SEC under the whistleblower program, with potential rewards of up to 30% of any successful recovery [6] Legal Representation - Block & Leviton is recognized as a leading securities class action firm, having recovered billions for defrauded investors and representing many top institutional investors [7]

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]