LISA: -- THE OUTLOOK FOR CREDIT INVESTING MORE BROADLY. YOU TALKED ABOUT HOW THE U.S. IS GOING TO GO BANKRUPT AND IS ON AN UNSUSTAINABLE FISCAL PATH. DO WE SEE THAT PRICED IN OR IS THERE STILL A RECKONING TO COME.JEFFREY: IT'S CERTAINLY BEHAVING DIFFERENTLY THAN IT WAS FOR THE LAST FOUR DECADES. WHAT WE'VE SEEN IS IN THE LAST 15 YEARS THERE'S BEEN A NUMBER OF CORRECTIONS ON THE S&P 500 AND EVERY ONE OF THEM, THE S&P WAS DOWN MORE THAN 10%, THE DOLLAR INDEX, THE TRADE-WEIGHTED DOLLAR INDEX GOES UP. THIS TIME ...

Core Insights - Colliers has launched a refreshed sustainability strategy named "Built to Last," which aligns with current environmental, social, and governance challenges and opportunities [1][3] - The 2024 Global Sustainability Report highlights significant achievements, including a 27.6% reduction in Scope 1 and 2 emissions per square foot from the 2021 baseline [6] - Tonya Lagrasta has been appointed as the Global Head of Sustainability to lead the implementation of the new strategy [2][3] Sustainability Achievements - Achieved a 27.6% reduction in Scope 1 and 2 emissions per square foot from the 2021 baseline [6] - Earned WELL Health-Safety Ratings in 87.4% of Colliers offices ≥ 2,500 sq. ft., an increase from 35% in 2022 [6] - Expanded the electric vehicle fleet to over 170, representing a fivefold increase in two years [6] - Reached 88% participation in the global employee engagement survey, with scores exceeding external benchmarks [6] - Achieved 68% of the Colliers Gives volunteering goal [6] Company Overview - Colliers is a global diversified professional services and investment management company with nearly $5.0 billion in annual revenues and over $100 billion in assets under management [4] - The company operates through three platforms: Real Estate Services, Engineering, and Investment Management, and has a team of 23,000 professionals [4] - Colliers has consistently delivered approximately 20% compound annual returns for shareholders over the past 30 years [4]

Company Overview - Invictus Origin is a high-alpha investment management firm founded by Oliver Rodzianko in May 2025, aiming to become a globally recognized actively managed fund [1] - The firm is developing innovative portfolio strategies, particularly through its Nasdaq High-Alpha Black Swan Portfolio, designed to sustainably outperform the Nasdaq-100 [1] - The portfolio maintains approximately 20% in strategic cash reserves, providing downside protection and flexibility during market disruptions [1] Leadership and Expertise - Oliver Rodzianko has extensive experience as a macro-focused investment analyst specializing in public equities, emphasizing fundamental valuation and long-term market cycles [1] - His sector expertise includes technology, semiconductors, artificial intelligence, and energy, integrating U.S. market specialization with international market awareness [1] - Rodzianko has a strong reputation as an Investment Analyst for platforms like Seeking Alpha, TipRanks, and GuruFocus, providing actionable insights to sophisticated investors [1] Investment Strategy - The investment process at Invictus Origin focuses on capturing asymmetric upside by navigating market dislocations and intrinsic value cycles [1] - The firm is characterized by resilience, performance, and disciplined capital stewardship, supported by a complementary family office structure for lower-volatility capital preservation [1]

Core Insights - AllianceBernstein L.P. and AllianceBernstein Holding L.P. reported a preliminary increase in assets under management (AUM) to $803 billion in May 2025, up from $781 billion at the end of April, representing a 2.8% month-over-month growth driven by market appreciation, despite net outflows [1][4] Summary by Category Assets Under Management - AUM increased to $803 billion as of May 31, 2025, from $781 billion at April 30, 2025 [1][4] - The increase was attributed to market appreciation, which was partially offset by net outflows [1] Breakdown by Channel - Private wealth saw slight inflows, while institutional and retail channels experienced outflows [1] - The total AUM breakdown includes: - Total Equity: $332 billion, up from $315 billion - Total Fixed Income: $296 billion, up from $295 billion - Alternatives/Multi-Asset: $175 billion, up from $171 billion [3][4] Detailed AUM Composition - Actively Managed Equity: $263 billion - Passive Equity: $69 billion - Total Fixed Income: $296 billion, with Taxable Fixed Income at $207 billion and Tax-Exempt at $79 billion - Alternatives/Multi-Asset: $175 billion [3][4]

Group 1 - The stock of Affiliated Managers Group, Inc. (AMG) is experiencing significant attention due to high implied volatility in the options market, particularly the June 20, 2025 $110 Put option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - Affiliated Managers Group holds a Zacks Rank 1 (Strong Buy) in the Financial - Investment Management industry, which is in the bottom 39% of the Zacks Industry Rank [3] Group 2 - Over the past 60 days, three analysts have raised their earnings estimates for Affiliated Managers Group for the current quarter, increasing the Zacks Consensus Estimate from $5.04 to $5.19 per share [3] - The high implied volatility may indicate a trading opportunity, as options traders often seek to sell premium on options with elevated implied volatility, aiming to benefit from time decay [4]

Core Viewpoint - Oxford Lane Capital Corp. announced a preliminary estimate of its net asset value (NAV) per share as of May 31, 2025, ranging between $4.17 and $4.27, with approximately 481.6 million shares of common stock outstanding [6]. Company Overview - Oxford Lane Capital Corp. is a publicly-traded registered closed-end management investment company that primarily invests in debt and equity tranches of collateralized loan obligation (CLO) vehicles. The company may also invest in warehouse facilities, which are financing structures used to aggregate loans for CLO formation [4]. Financial Data - The preliminary financial data provided is the responsibility of the company's management and has not been audited or reviewed by PricewaterhouseCoopers LLP, which does not express any opinion or assurance regarding the data [3]. - The NAV estimate is not a comprehensive statement of the company's financial condition for the month ended May 31, 2025, and may differ materially from the final NAV for the quarter ending June 30, 2025 [6].

Core Viewpoint - The midyear outlook for global financial markets indicates a shift towards deglobalization, a reconfiguration of global trade due to tariffs, and an expansion of stock market opportunities beyond U.S. equities and mega-cap tech stocks, alongside a bond market regime change driven by trade policy and German fiscal expansion [1][2]. Economic Outlook - The global economy is facing pressures from trade war fallout, which could slow growth, with U.S. fiscal and tax policy expected to be significant in the latter half of the year [6]. - The likelihood of a global recession has increased, particularly with the U.S. leading the downturn, resulting in a longer period of subpar growth characterized by higher unemployment and inflation [5][7]. Equity Market Insights - There is an anticipated broadening of equity markets, reducing the concentration on U.S. and mega-cap stocks, favoring value stocks and select emerging markets [4][6]. - Active management is expected to outperform in the current challenging market environment, which includes higher interest rates and increased volatility [2]. Fixed Income Landscape - The U.S. tariffs and significant German fiscal expansion have altered the global fixed income landscape, leading to a weaker outlook for developed market sovereign bonds while improving prospects for credit and some emerging markets [5][6]. - Above-target inflation is noted in some developed markets, particularly the U.S., affecting corporate bonds which are entering an economic downturn with historically high credit quality [6]. Multi-Asset Strategy - T. Rowe Price emphasizes inflation protection and equity diversification in its multi-asset portfolios, suggesting that inflation-protected bonds and real assets can serve as effective hedges against expected inflation [6]. - More attractive valuations are leading to a preference for international and value equities in multi-asset portfolio allocations [6].

Core Viewpoint - Magnetic North Acquisition Corp. is currently under a management cease trade order due to its inability to file audited annual financial statements for the year ended December 31, 2024, by the required deadline of April 30, 2025, but expects to file these documents by June 30, 2025 [1][2]. Group 1 - The management cease trade order (MCTO) was granted by the Alberta Securities Commission on May 9, 2025, following the company's default announcement on May 8, 2025 [1]. - The company is committed to satisfying the alternative information guidelines under NP 12-203 and will issue bi-weekly default status reports until the filing delay is resolved [2]. - There are no anticipated specified defaults or insolvency proceedings affecting the company at this time [2]. Group 2 - Magnetic North Acquisition Corp. invests and manages businesses on behalf of its shareholders, emphasizing that capital alone does not guarantee success [3]. - The company operates offices in Calgary and Toronto and has a management team with significant expertise in management, operations, and capital markets [3]. - Magnetic North's common and preferred shares are traded on the TSX Venture Exchange under the symbols MNC and MNC.PR.A, respectively, and it was recognized as a "2021 TSX Venture 50" recipient [3].

CHICAGO, June 06, 2025 (GLOBE NEWSWIRE) -- XAI Madison Equity Premium Income Fund (NYSE: MCN) (the “Fund”) today announced that it plans to host the Fund’s Quarterly Webinar on June 11, 2025 at 11:00 am (Eastern Time). Jared Hagen, Vice President at XA Investments (“XAI”), will moderate the Q&A style webinar with Kimberly Flynn, President at XAI, and Ray Di Bernardo, Portfolio Manager at Madison Investments. TO JOIN VIA WEB: Please go to the Knowledge Bank section of xainvestments.com or click here to find ...

Company Overview - Invictus Origin is a high-alpha investment management firm founded by Oliver Rodzianko in May 2025, aiming to become a globally recognized actively managed fund [1] - The firm is developing innovative portfolio strategies, particularly through its Nasdaq High-Alpha Black Swan Portfolio, designed to sustainably outperform the Nasdaq-100 [1] - The portfolio maintains approximately 20% in strategic cash reserves, providing downside protection and flexibility during market disruptions [1] Leadership and Expertise - Oliver Rodzianko has extensive experience as a macro-focused investment analyst specializing in public equities, emphasizing fundamental valuation and long-term market cycles [1] - His sector expertise includes technology, semiconductors, artificial intelligence, and energy, integrating U.S. market specialization with international market awareness [1] - Rodzianko has a strong reputation as an Investment Analyst for platforms like Seeking Alpha, TipRanks, and GuruFocus, providing actionable insights to sophisticated investors [1] Investment Strategy - The investment process at Invictus Origin focuses on capturing asymmetric upside by navigating market dislocations and intrinsic value cycles [1] - The firm is characterized by resilience, performance, and disciplined capital stewardship, supported by a complementary family office structure for lower-volatility capital preservation [1]