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GCM Grosvenor Raises $625 Million Structured Solution to Invest in Credit
Globenewswire· 2026-02-24 14:00
CHICAGO, Feb. 24, 2026 (GLOBE NEWSWIRE) -- GCM Grosvenor (Nasdaq: GCMG), a leading global alternative asset management solutions provider, announced today the second close of its structured alternatives investment solution, bringing total capital commitments to $625 million. This vehicle offers investors an opportunity to access a diversified portfolio of credit secondaries investments, with flexibility to participate through equity or debt in a rated structure. With nearly 40 years of experience, GCM Grosv ...
Look Past The Ominous Headlines
Seeking Alpha· 2026-02-24 13:59
Core Insights - Lawrence Fuller has 30 years of experience managing portfolios for individual investors and founded Fuller Asset Management to achieve independence [1] - Fuller manages the Focused Growth portfolio on Dub, a copy-trading platform approved by US securities regulators, allowing retail investors to automatically copy chosen managers' trades [1] - The Portfolio Architect, led by Fuller, focuses on an economic and market outlook that supports an all-weather investment strategy aimed at consistent risk-adjusted returns [1] Company Overview - Fuller Asset Management (FAM) is a state-registered investment adviser led by Lawrence Fuller [3] - FAM provides educational information and does not make offers or solicitations for specific securities or investment strategies [3] - The firm emphasizes that past performance is not indicative of future results and advises consultation with licensed financial professionals [3] Platform Features - The Dub platform offers features such as portfolio construction guidance, access to an "All-Weather" model portfolio, and a dividend and options income portfolio [1] - Additional resources include a daily brief summarizing current events, a week-ahead newsletter, technical and fundamental reports, trade alerts, and 24/7 chat support [1]
Onex Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-24 10:36
Core Insights - Onex's acquisition of Convex is expected to significantly enhance value creation, with Convex's tangible book value at $3.8 billion and an effective acquisition multiple of 1.8x tangible book value and 10x 2025 net income [1][5] - Convex reported a gross premium written of $5.9 billion in 2025, reflecting a 14% year-over-year increase, and maintained a combined ratio of 89% for the third consecutive year [2] - Onex's ownership of Convex is approximately 63%, with Convex's net income for 2025 reported at $711 million, a 25% increase from the previous year [3][4] Financial Performance - Convex's net income increased by 40% from $506 million in 2024 to $711 million in 2025, resulting in a 20% return on equity [3] - Onex's total distributions from Onex Partners reached $7.7 billion in 2025, with significant realizations contributing to this figure [10] - The asset management segment generated earnings of $49 million in Q4, with fee-generating AUM ending the quarter at nearly $44 billion, a 24% increase during the year [15] Strategic Outlook - Onex plans to focus on direct investments with strong risk-adjusted returns and low leverage, supporting a transition towards consistent net income and free cash flow growth [7] - The company is utilizing a sum-of-the-parts framework to reflect intrinsic value, estimating it at $174 based on the Convex acquisition valuation [8] - Onex expects firm-wide run-rate FRE to exceed $17 million by the end of 2026, with projections indicating growth in the low- to mid-$20 million range for that year [16] Capital Allocation and Liquidity - Onex drew $700 million under a NAV loan facility at closing, retaining approximately $400 million in cash and near-cash, resulting in total liquidity of about $900 million [17] - The company has nearly $5 billion in private equity investments against $735 million in unfunded commitments, indicating a strong position to fund capital needs [18] - Onex's structured credit team successfully priced 28 CLOs in 2025, raising over $6 billion in new fee-generating AUM [12]
Brookfield Corporation (BN) Reports Full Year 2025 Distributable Earnings of $6B
Yahoo Finance· 2026-02-24 07:11
Brookfield Corporation (NYSE:BN) is one of the best value stocks to buy now. On February 12, Brookfield Corporation reported financial results for the full year 2025, headlined by distributable earnings of $6 billion and a 22% surge in fee-related earnings. The company’s total fee-bearing capital crossed the $600 billion mark, driven by its ability to raise $112 billion in new capital during the year. The company’s Wealth Solutions (insurance) segment emerged as a primary growth engine, with earnings ris ...
Apollo Global Management (NYSE:APO) Overview and Market Performance
Financial Modeling Prep· 2026-02-24 03:06
Apollo Global Management (NYSE:APO) is a leading figure in the alternative asset management sector, focusing on private equity, credit, and real estate investments. It stands in competition with giants such as Blackstone and KKR. RBC Capital has recently initiated coverage on Apollo, giving it a "Sector Perform" rating, which suggests a neutral stance towards the company's stock.The recent downturn in the software sector is impacting firms like Apollo, with concerns over private-credit exposure and potentia ...
未知机构:CitriniResearch日前发布报告详细分析了人工智能AI可能给全-20260224
未知机构· 2026-02-24 02:25
CitriniResearch日前发布报告,详细分析了人工智能(AI)可能给全球经济多个领域带来的潜在风险,导致送餐、 支付和软件类股票周一大幅下跌。 DoorDash.、AmericanExpress、KKR&Co Inc.和Blackstone股价周一盘中均下跌超过8%。 文章中被点名的其他公司,包括Uber、Mastercard、Visa、CapitalOne和Apoll CitriniResearch日前发布报告,详细分析了人工智能(AI)可能给全球经济多个领域带来的潜在风险,导致送餐、 支付和软件类股票周一大幅下跌。 DoorDash.、AmericanExpress、KKR&Co Inc.和Blackstone股价周一盘中均下跌超过8%。 文章中被点名的其他公司,包括Uber、Mastercard、Visa、CapitalOne和Apollo GlobalManagement Inc.,股价也至少下 跌3%。 这篇周日发布的报告在前言中写道: "本文的唯一目的,是对一个此前相对缺乏深入探讨的情景进行建模。 希望读完之后,你能为人工智能让经济变得越来越'奇怪'所带来的潜在尾部风险做好准备。 " Ci ...
Wall Street regulator allows intraday trading of tokenized WisdomTree money market fund
Reuters· 2026-02-23 22:34
Wall Street regulator allows intraday trading of tokenized WisdomTree money market fund | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A screen displays the logo for WisdomTree following its debut on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 7, 2022. REUTERS/Brendan McDermid [Purchase Licensing Rights, opens new tab]- Companies[Wisdomtree Inc]FollowWASHINGTON, Feb 23 (Reuters) - The U.S. Secu ...
Central Securities Corporation Releases Annual Report to Stockholders for the Year Ended December 31, 2025
Businesswire· 2026-02-23 22:12
outstanding29,549,26528,935,676ExpandAdditional details are available at [www.centralsecurities.com].## ContactsCentral Securities Corporation Marlene A. Krumholz, Secretary 212-698-2020Industry:- [Finance]- [Professional Services]- [Asset Management]- [Banking]### Central Securities CorporationNYSEAM:CET--- Release Versions[English]---### ContactsCentral Securities Corporation Marlene A. Krumholz, Secretary 212- 698-2020More News From Central Securities CorporationGet RSS Feed## Central Securities Corporat ...
As Prices Dip, Strike While the Iron (and Gold) Is Hot
Etftrends· 2026-02-23 18:58
As Prices Dip, Strike While the Iron (and Gold) Is Hot | ETF TrendsDespite falling below $5,000 recently, it could be an opportune time to strike and purchase the dip in gold prices. Fundamental demand drivers could continue to push the precious metal higher through the rest of the year.As noted by a [Sprott Precious Metals report], prices hit an apex in January before pulling back by month's end due to a technical sell-off. Nonetheless, geopolitical fragmentation and global de-dollarization could keep pric ...
'DUSA' Surpasses $1B In Assets, ETF Managers Tapping in Prediction Markets | ETF IQ 2/23/2026
Youtube· 2026-02-23 18:56
>> IT IS MONDAY. THIS IS THE ONE-HOURS SNOW EDITION OF "BLOOMBERG ETF IQ." I AM SCARLET FU. KATIE GREIFELD IS OFF. THAT'S GOOD TO THE $21 TRILLION GLOBAL ETF INDUSTRY WE WILL SPEAK TO CHRIS DAVIS OF DAVIS ADVISORS. THE PIONEER IN ACTIVE FUNDS TELLS US WHAT HE SEES A COMEBACK IN VALUE INVESTING. WE CHECK IN WITH TRAVIS EXPENSE OF J. P. MORGAN ASSET MANAGEMENT. WE WILL GET INTO FUNDS, DERIVATIVES, AND THE MOVEMENT IN EQUITIES. THE LARGEST STABLECOIN HAS FALLEN BY $1.5% BILLION IN FEBRUARY, PUTTING THE STABLEC ...