Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Posts Tagged ‘fund’

Recovery Fund: Col Governo Draghi il Piano di ripresa e resilienza non cambia

Posted by fidest press agency su giovedì, 11 marzo 2021

Il progetto Next Generation EU è stato introdotto “dalla Commissione Europea per dare una risposta comune ai danni economici e sociali causati dalla pandemia da Covid-19” e rappresenta “un passaggio storico nel processo di integrazione europea”. A sostenerlo è stato ministro dell’Economia, Daniele Franco, aggiungendo che “circa il 90 per cento dei 750 miliardi del Next Generation Eu saranno distribuiti attraverso il “Dispositivo europeo per la ripresa e la resilienza”, con “le linee guida della Commissione” che prevedono l’accesso “alle risorse”, di “ciascun paese” attraverso la predisposizione “di un Piano (il PNRR), che descriva i programmi nazionali di investimento e di riforma che intende attuare”.Secondo quanto indicato nella bozza del Piano italiano trasmessa al Parlamento, il Dispositivo prevede fondi a disposizione del nostro Paese, per gli anni 2021-2026, per circa 196 miliardi a prezzi correnti, 69 dei quali sotto forma di trasferimenti, 127 sotto forma di prestiti. Nella finalizzazione del Piano, ha spiegato il ministro, bisognerà tener conto dei dati finanziari più aggiornati che tengono conto del fatto che il regolamento europeo emanato a febbraio prende a riferimento, per la determinazione della parte riguardante i prestiti, il reddito nazionale lordo del 2019. Questo porterà a una stima dell’entità delle risorse dell’ordine di 191,5 miliardi, quindi leggermente inferiore a quella indicata nel Piano a gennaio.
“I piani devono definire un pacchetto coerente di progetti, riforme e investimenti in sei settori d’intervento: transizione verde; trasformazione digitale; occupazione e crescita intelligente, sostenibile e inclusiva; coesione sociale e territoriale; salute e resilienza; politiche per la prossima generazione, comprese istruzione e competenze. Sono tutte priorità anche per il nostro Paese”, ha ribadito il ministro dell’Economia. Per questo, tra i progetti previsti figurano il piano asili nido, le scuole 4.0, i programmi per la ricerca e le relative infrastrutture. Infine, il ministro dell’Economia ritiene che “solo con il coinvolgimento dei territori è possibile selezionare progetti in grado di soddisfare i bisogni di cittadini e imprese. Ciò è particolarmente vero per i progetti nel campo dell’istruzione, della sanità, del ciclo dei rifiuti”.

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Recovery Fund: Più soldi alla Scuola per il dopo-Covid

Posted by fidest press agency su sabato, 9 gennaio 2021

Cresce il budget che la Commissione europea metterà a disposizione dell’Italia per la ripresa post-Covid-19. E cresce pure la quota parte che verrà dedicata al rilancio della Scuola. Salgono infatti complessivamente a 222,03 miliardi le risorse previste negli investimenti del cosiddetto Piano Recovery. Di questi 209,84 riguardano il Next Generation Eu: 66,6 miliardi sono già impegnati in progetti in essere, 143,24 su nuovi progetti. I dati emergono dalla tabella allegata al documento che il governo ha predisposto e girato ai partiti di maggioranza nell’ambito del Piano Nazionale di Ripresa e Resilienza. Nello specifico, per quanto riguarda l’Istruzione sono 27,91 i miliardi messi a disposizione: di questi, 22,29 miliardi saranno destinati a nuovi progetti. Il sindacato Anief prende atto dell’incremento, ma avverte: diventa ora fondamentale non disperdere i fondi provenienti dall’Europa. Quando in primavera verranno stanziati, dovranno servire a valorizzare anche il personale, adeguando certamente gli stipendi, oggi tra i più bassi dell’area Ocde, introducendo quell’indennità di rischio biologico che il Covid ha fatto esplodere ma che in realtà per chi insegna esiste da sempre ed è dimostrata dalla troppo elevata percentuale di burnout presente nella categoria. Stabilizzazione dei precari, incremento degli organici, delle sedi scolastiche, quindi delle dirigenze e dei Dsga sono gli altri punti su cui bisognerà intervenire, spazzando via una volta per tutte gli effetti nocivi del dimensionamento partito nel 2008 e mai contrastato a dovere. A questi fondi, inoltre, sarebbe bene aggiungerne altri, anche di matrice privata, così da rendere la scuola autonoma a tutti gli effetti, smarcandola da debiti pubblici e crisi di Governo.

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Commissioner Sinkevičius welcomes the provisional political agreement on the European Maritime, Fisheries and Aquaculture Fund (EMFAF)

Posted by fidest press agency su sabato, 26 dicembre 2020

The Commission, the Council and the Parliament reached a provisional political agreement on the European Maritime, Fisheries and Aquaculture Fund (EMFAF) for the period of 2021-2027. In line with the objectives of the European Green Deal and Sustainable Development Goal 14, it provides an ambitious support package for the achievement of sustainable fisheries and aquaculture, the development of local coastal communities, the promotion of a sustainable blue economy, the implementation of the Union’s maritime policy towards safe and sustainably managed seas and oceans, and for international ocean governance. Commissioner for the Environment, Oceans and Fisheries Virginijus Sinkevičius welcomed the agreement: “With the new European Maritime, Fisheries and Aquaculture Fund, we will be able to invest in improving the health, safety and working conditions on board fishing vessels, while at the same time ensuring that the EU fleet is sustainable. We made sure that no subsidy at EU level would risk harmful effects leading to overfishing and overcapacity, something the Commission has been most vigilant about throughout the process. This agreement also sends a strong signal for the ongoing negotiations on fisheries subsidies at WTO level.” The provisional agreement includes support for investments in the fishing fleet as a way to enhance their sustainability and safety. In this respect, the co-legislators agreed with the safeguards proposed by the Commission to prevent the risks of harmful overfishing and overcapacity. The three institutions also agreed on a crisis management scheme to allow emergency support to the fishery and aquaculture sector in case of a significant disruption of the market. Following this agreement, and the agreement on the Common Provisions Regulation earlier this week, the framework for the new EMFAF is complete. Once formally endorsed by all institutions and upon final adoption of the EU long-term budget for 2021-2027, it would allow Member States to finalise their national plans so that the funds can reach the beneficiaries as soon as possible.

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European Defence Fund: MEPs reach a deal with the Council

Posted by fidest press agency su mercoledì, 16 dicembre 2020

MEPs and the German presidency of the Council reached an agreement on Monday on a 7.9 billion euro envelope in support of common R&D defence projects. In the 7 years to come, The European Defence Fund (EDF) will cover projects jointly agreed by Member States and compatible with the Union’s defence priorities as defined within the framework of the Common Security and Defence Policy. The Fund will also take into consideration Member States’ cooperation within other regional and international organisations such as NATO.The Fund will finance collaborative projects involving at least 3 participants from 3 Member States, provide co-funding for common prototypes and promote cross-border activities of small and medium-sized enterprises by e.g. providing higher financing for the projects that involve such companies.Moreover, the Fund will also dedicate up to 8% of the funds to disruptive technologies and offer an additional 10% bonus for the eligible projects developed within the framework of the Permanent Structured Cooperation (PESCO). Above all, the Fund should contribute to reduce duplication and strengthen interoperability of the defence systems used by European armed forces.“This compromise, just as the whole Fund, is an important signal sent by the Member States to their citizens and companies: from now on, we want to pull our resources together in order to increase quality of defence technologies produced by the European defence sector, while reducing their cost. This progress should benefit not only Member States’ armed forces, but also their industries, which desperately need every possible stimulus helping them to properly recover from the consequences of the COVID-19 pandemic. Furthermore, the Fund will complement Member States’ defence spending efforts and should thus be perceived as part of a broader answer to the justified demands from our Allies.” said lead MEP Zdzisław Krasnodębski (ECR, PL), EP rapporteur on the file. The provisional agreement will be put to a vote in the forthcoming meeting of the Industry, Research and Energy Committee (ITRE).

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Le sfide legate al Recovery fund

Posted by fidest press agency su domenica, 6 dicembre 2020

«Per affrontare le sfide legate al Recovery Fund è fondamentale avere una visione a lungo termine e definire priorità strategiche. E per realizzare queste priorità serve una leadership che coordini e faccia monitoraggio su tutti i progetti. Questo è l’elemento centrale, perché saranno coinvolti un po’ tutti i ministeri, le amministrazioni regionali e locali. Ma soprattutto credo sia più importante capire quanti saranno e quali saranno i progetti e se, per una volta, riusciremo ad essere selettivi e a fissare delle priorità. Perché questo è l’aspetto principale: è un’occasione irripetibile, dobbiamo essere in grado di fissare gli elementi strategici». Lo ha dichiarato Fabio Pompei, Ceo di Deloitte Italia, intervenendo sul dibattito sul Recovery Fund durante la puntata di Coffee Break, su La7, di questa mattina. «Una delle priorità di cui tenere conto è la sostenibilità e gli investimenti sostenibili: investimenti che guardino oltre l’orizzonte della legislatura e che siano il frutto di una visione di lungo periodo per il Paese», ha aggiunto Pompei. «Durante un meeting organizzato da Deloitte abbiamo ospitato il primo ministro di Singapore. Parlando di investimenti sostenibili, lui ci ha raccontato che il suo Stato sta prendendo molto sul serio la questione, perché, secondo alcuni studi, Singapore potrebbe finire sommersa dall’acqua entro la fine del secolo. E quindi il Governo ha già avviato gli investimenti necessari per essere in grado di fronteggiare qualunque scenario legato all’innalzamento del livello dei mari. Sono questi gli investimenti sostenibili che potremmo mettere in campo con il Recovery Fund: investimenti che guardino al futuro e creino valore nel lungo periodo», ha concluso Pompei.

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Recovery fund e abbassamento delle tasse

Posted by fidest press agency su venerdì, 18 settembre 2020

Roma – “Da quando in Europa si è iniziato a discutere di Recovery Fund stiamo parlando di fiscalità di vantaggio e riduzione delle tasse. Molti dicevano che non era possibile, ora, invece, è chiaro che si può fare. E noi lo faremo.
È un processo strettamente collegato, una conseguenza logica, di quel piano di riforme che servono a recuperare la distanza che ancora oggi c’è tra le diverse aree del nostro Paese e tra l’Italia e gli altri Paesi Europei. Lo ha detto chiaramente anche la Presidente della Commissione Europea, Ursula von der Leyen. Il Recovery Plan deve tenere conto delle raccomandazioni-Paese che l’Europa ha pubblicato nel quadro del Semestre Europeo. Un riferimento tutt’altro che banale, se consideriamo che all’Italia è stato più volte evidenziato l’eccessivo costo del lavoro, ma anche la necessità di una riforma del fisco.Decontribuzione e taglio del cuneo fiscale servono per aumentare la produttività e la competitività delle aziende. Sono misure che abbiamo avviato ma che devono, all’interno di un quadro organico, diventare pluriennali per attrarre gli investimenti in Italia e consentire al mondo dell’impresa di programmare, con regole certe, la propria attività.
Poter utilizzare il Recovery Plan, anche per questo, è un’ottima notizia. E l’apertura della Commissione è inequivocabile.
Andiamo avanti!”. Lo scrive, sui social, il Vice Ministro dell’Economia e delle Finanze, Laura Castelli.

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The BlueInvest Fund is allocated to financial intermediaries

Posted by fidest press agency su domenica, 19 aprile 2020

To receive financing, Financial Intermediaries shall, inter alia, comply with certain criteria, such as:
The maximum size of a single EIF’s investment is limited to EUR 50m, representing at least 7.5% and up to 50% of the aggregate commitments made to the financial intermediary;Target to invest into SMEs, established or operating in one or more EU Member States the lower of: (i) 2 times the amount drawn down from the relevant Blue Economy thematic allocation to the fund (ii) or two thirds of the aggregate amount drawn down by the applicant from its investors for the purpose of the investment.
Undertake to invest at least an amount equal to the amount drawn down for investments from EIF’s commitment in eligible final recipients, i.e. a SME established or operating in EU and: active in research, development or operations of the BE-related activities, or exploiting marine environment data or information in order to research, develop or manufacture products and/or services, or transferring non-BE sectors technologies and/or data to BE-related activities, or otherwise pursuing digitalisation in BE technologies, products or services.Except for co-investments, if the applicant is established (or is to be established) in the EU, its strategy should be to invest more than 50% of its invested amounts into SMEs established or operating in one or more EU Member States. Otherwise, its strategy should target for more than 75% of its invested amounts in SMEs, established or operating in one or more EU Member States.

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Il Threadneedle (Lux) Global Multi Asset Income Fund festeggia il suo quinto anniversario

Posted by fidest press agency su mercoledì, 12 febbraio 2020

Lussemburgo. Il Threadneedle (Lux) – Global Multi Asset Income Fund è una strategia a gestione attiva che mira a ottenere un rendimento del 5%. Il fondo, in particolare, ha l’obiettivo di generare flussi reddituali e accrescere il capitale investito nel medio-lungo termine. Almeno due terzi del patrimonio sono investiti in posizioni in società e obbligazioni emesse da società e governi di tutto il mondo. Secondo l’approccio di investimento del gestore Maya Bhandari, dal 2015, il Fondo investe in tre fonti diversificate: azioni, reddito fisso e vendita di opzioni call su indici. Il perseguimento di questo obiettivo è stato sempre accompagnato dal controllo della volatilità, in modo da preservare il capitale nel medio-lungo termine.Un rapido sguardo alle diverse classi di attivi rivela le sfide attuali con cui molti investitori si devono oggi confrontare. L’azionario è volatile per sua natura, come ha ricordato la correzione di fine 2018. Al contempo, i rendimenti obbligazionari sono prossimi ai minimi storici, per cui le prospettive di rendimento corretto per il rischio dei titoli di Stato core sono quanto mai deboli e il loro potenziale è marginale. In un contesto di tassi bassi e di volatilità sui mercati azionari, gli investitori devono trovare quindi nuovi modi per ottenere un livello di rendimento interessante senza sopportare la volatilità associata all’azionario. Il fondo Threadneedle (Lux) Global Multi Asset Income mira a offrire un rendimento sostenibile nel tempo persino nell’odierno contesto di bassi rendimenti.
A livello di view sui mercati, il team di gestione in questo momento individua alcuni aspetti che possono far nutrire un cauto ottimismo. Le minacce legate al commercio globale e a una hard Brexit sono diminuite notevolmente, persino rispetto a metà dicembre. Stando sia al consensus sia alle previsioni interne di Columbia Threadneedle, la crescita economica dovrebbe attestarsi ad un ritmo pressoché ideale, né tanto rapida da rendere necessario un aumento dei tassi d’interesse, né tanto debole da riaccendere i timori di una recessione. Le azioni e il credito societario potrebbero evidenziare un andamento relativamente favorevole in questo contesto, con una crescita discreta degli utili e dei dividendi.Felicity Long, portfolio client manager del team multi-asset di Columbia Threadneedle, ha commentato: “Che si tratti di finanziare l’istruzione dei propri figli o di disporre di un reddito aggiuntivo per gli anni della pensione, gli investitori hanno bisogno oggi di investimenti che puntino a generare un alto rendimento. Tuttavia, in un mondo di tassi d’interesse estremamente bassi, per trovare una fonte di reddito solida e sostenibile è necessario sempre più pensare fuori dagli schemi tradizionali”. Maya Bhandari, gestore del Threadneedle (Lux) Global Multi Asset Income Fund, ha continuato: “Nei cinque anni di vita del Fondo abbiamo dovuto affrontare momenti a volte impegnativi per la generazione di rendimento ed è incoraggiante che il nostro approccio così accurato all’asset allocation e alla ricerca di opportunità abbia dato i suoi frutti in questo momento storico di mercato. Il nostro primario obiettivo è identificare investimenti in grado di fornire buoni ritorni tenendo, però, sempre conto del contesto macroeconomico. Vogliamo dare soluzioni con il giusto rapporto rischio-rendimento offrendo ai nostri investitori un ritorno con una volatilità controllata. In aggiunta a una puntuale strategia in termini di asset allocation sono sempre fondamentali le competenze dei nostri team specializzati nel reddito azionario globale e nel credito societario che forniscono ai nostri investitori una selezione di titoli di prim’ordine”.
Columbia Threadneedle Investments è un gruppo specializzato nell’attività di asset management leader a livello globale che si contraddistingue per un’ampia offerta di strategie a gestione attiva e molteplici soluzioni d’investimento per clienti individuali, istituzionali e corporate in tutto il mondo.
Con l’ausilio di oltre 2.000 collaboratori tra cui più di 450 professionisti dell’investimento operanti nel Nord America, in Europa e Asia, il Gruppo gestisce un patrimonio pari a EUR 440 miliardi che copre azioni dei mercati sviluppati ed emergenti, reddito fisso, soluzioni multi-asset e strumenti alternativi.
Columbia Threadneedle Investments è la società specializzata in asset management che opera a livello globale e che fa parte di Ameriprise Financial, Inc. (NYSE: AMP), uno dei principali Gruppi statunitensi per offerta di servizi finanziari. In quanto parte di Ameriprise, Columbia Threadneedle beneficia quindi del sostegno di una grande società leader nei servizi finanziari, diversificata e adeguatamente patrimonializzata.www.columbiathreadneedle.com

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Opportunity Fund, Inc. Announces Final Results of Rights Offering

Posted by fidest press agency su martedì, 17 dicembre 2019

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the “Fund”) (NYSE: OPP) is pleased to announce the final results of its transferable rights offering (the “Offering”). The Fund will issue a total of 2,371,081 new common shares as a result of the Offering, which closed on December 10, 2019 (the “Expiration Date”).The subscription price of $16.21 per share in the Offering was established on the Expiration Date based on a formula equal to 92.5% of the reported net asset value on the Expiration Date. Gross proceeds received by the Fund, before any expenses of the Offering, are expected to total approximately $38.4 million. The shares of common stock issued as a result of the rights offering will not be record date shares for the Fund’s monthly distributions paid in November or December 2019.
The investment objective of the Fund is current income and overall total return. The Fund had approximately $266 million of total managed assets and 11.0 million shares of common stock outstanding as of November 30, 2019.The Fund is a closed-end fund and does not continuously issue stock for sale as open-end mutual funds do. The Fund now trades in the secondary market. Investors wishing to buy or sell stock need to place orders through an intermediary or broker. The share price of a closed-end fund is based on the market value. Risk is inherent in all investing. Investing in any investment company security involves risk, including the risk that you may receive little or no return on your investment or even that you may lose part or all of your investment. Therefore, before investing in the Common Shares, you should consider the risks as well as the other information in the prospectus.

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Defiance Announces Fund Closure

Posted by fidest press agency su martedì, 3 dicembre 2019

Defiance ETFs announced today that the Board of Trustees of ETF Series Solutions (the “Trust”) has determined to close and liquidate the Defiance Next Gen Video Gaming ETF (NYSE Arca: VIDG) (the “Fund”) effective immediately after the close of business on December 27, 2019. Defiance ETFs recommended the liquidation and closure of the Fund after consideration of the Fund’s prospects for growth, among other factors. The Fund’s last day of trading will be December 26, 2019, which will also be the final day for creation unit orders by authorized participants. The Fund will begin liquidating its portfolio assets on or about December 2, 2019, which will cause the Fund to increase its cash holdings and deviate from the investment objective and strategies stated in the Fund’s prospectus. The Fund will conclude operations and distribute the remaining proceeds to shareholders promptly after December 27, 2019. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed for cash based on the Fund’s net asset value (NAV). Customary brokerage charges may apply to transactions to sell Fund shares. Shareholders should contact their tax advisor to discuss the income tax consequences of the liquidation.

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New Strategic Fund to Invest in Health Innovation

Posted by fidest press agency su domenica, 17 novembre 2019

As the health care landscape rapidly evolves, the American Hospital Association (AHA) has been pursuing multiple ways to lead and promote innovation in the field. Today, the AHA is pleased to announce the final closing of the AHA Innovation Development Fund, LP, or “AHA Fund,” a $50 million venture capital fund formed to help hospitals and health systems continue to transform health care and deliver cutting-edge care.The AHA Fund is sponsored and managed by Concord Health Partners, LLC (Concord), a health care-focused investment firm, with the AHA as the anchor limited partner investor. The AHA Fund has made several investments to date in health care companies and will continue to invest in cutting-edge solutions.The goal of the AHA Fund is to invest in early-stage health care companies that provide products, services and solutions that help hospitals and health systems transform care delivery, spur innovation among members, connect hospitals and entrepreneurs, and drive results.James Olsen, Founder & Managing Partner of Concord, commented, “Concord is focused on identifying and supporting health care companies with solutions that address affordability, quality and access to care. The AHA Fund aligns interests and delivers strategic value to both health systems and portfolio companies. We are excited to be part of this collaborative effort with the AHA to advance and accelerate innovation in health care.”

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Citi Enhances Fund Services with Hedged Share Class Analytics

Posted by fidest press agency su venerdì, 8 novembre 2019

Citi has launched a new analytics framework and data visualisation tool that measures the performance of a currency hedged share class versus the performance of the base currency share class, and attributes any deviation in performance to its various sources. The performance attribution tool is the latest enhancement to Citi’s passive currency overlay services and can be accessed via Citi Velocity, the firm’s online client portal.Citi share class hedging services are available for funds, which have share classes in currencies other than the fund’s base currency, to support international distribution. The objective of share class hedging is to mitigate investors’ exposure to foreign currency risk, at a time when fund managers are increasingly looking to their currency overlay providers for help in analysing performance.“We are excited to deliver this level of analysis and transparency to our custody clients,” said Sanjiv Sawhney, Global Head of Custody and Fund Services at Citi. “In order to better serve their international end-investors and achieve their growth objectives, our need a global partner that can help them manage currency risk, and also help them understand and explain the factors driving deviations in performance.” Citi’s share class performance attribution tool is based on proprietary analytics that can identify the sources of performance deviation from foreign currency hedging. The tool analyses a variety of factors that can impact the performance of the hedged share class, relative to the unhedged share class.“Citi is continuously looking for ways to empower our clients through the aggregation, analysis and visualization of data.” said Krista Deitemeyer, Global Head of Custody FX at Citi. “This share class performance analytics and reporting tool brings to bear our expertise across CitiFX Quantitative Investor Solutions and Citi Custody and Fund Services.” With over $22.3 trillion of assets under custody and administration1 and the industry-leading proprietary network spanning over 60 markets, Citi’s Custody and Funds Services business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients’ needs.

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SYZ AM premiata Fund of hedge funds specialist

Posted by fidest press agency su venerdì, 21 giugno 2019

Geneva. SYZ Asset Management, the institutional asset management arm of SYZ Group, has won the ‘Fund of hedge funds – specialist’ award for its uncorrelated strategy at the HFM European Hedge Fund Performance Awards 2019, held on 6 June in London.
The award recognises the alternatives team as one of the leading specialists in the hedge fund industry. In a very competitive space, this uncorrelated strategy stood out for its ability to deliver significant risk-adjusted performance in challenging markets.
The awards’ ceremony held on 6 June in London recognised the full breadth of the hedge funds industry across 47 categories. The entries were judged on both qualitative and quantitative factors. Our alternative uncorrelated strategy, won ‘Fund of hedge funds – specialist’ over seven peers.Commenting on the win, Cédric Vuignier, lead portfolio manager of the fund at SYZ Asset Management, said: “We are delighted to have been selected as the winner of this award, which underscores the performance of the fund and is a testament to the alternatives team’s expertise in navigating investors through very challenging markets. As directionality shows signs of slowing and alternatives take on a more important role in many clients’ investment portfolios, we are constantly striving at SYZ to deliver innovative investment solutions that generate risk-adjusted returns across the business cycle for our clients”.

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MidOcean Fund III Exits Freshpet

Posted by fidest press agency su mercoledì, 12 giugno 2019

MidOcean Partners (“MidOcean”), a premier U.S. middle market private equity firm focused on the business services and consumer sectors, announced today a complete exit of its remaining investment in Freshpet. Freshpet is the leading manufacturer and marketer of fresh, refrigerated foods for dogs and cats. Freshpet distributes these products through a network of proprietary Freshpet branded refrigeration units installed in store aisles.
MidOcean initially invested in Freshpet in 2010, when the MidOcean consumer team identified Freshpet as a “category changer”, introducing “fresh” pet food as a new concept succeeding dry and canned products, and an opportunity for outsized growth. Throughout its ownership, MidOcean provided support in building a new state-of-the-art manufacturing plant to meaningfully expand production, and drove significant investments in new product launches, branding, and marketing, including targeting media spending across TV, digital and social media channels to build awareness and drive product trial.MidOcean’s investment in Freshpet was consistent with its strategy of identifying unique investment themes and leveraging its talented operating resources to recognize and acquire attractive investment opportunities on behalf of LPs.“We are thrilled with the outcome of our investment in Freshpet,” commented Jonathan Marlow, Managing Director of MidOcean. “After detailed analysis of the pet sector, Freshpet was identified early on as an excellent transformative growth opportunity that aligned well with MidOcean’s significant industry knowledge and overall strategy. We are proud to have helped drive the transformational growth and development of the company that Freshpet has become today. We’d like to thank the management team for their tremendous efforts and great partnership during our investment.”

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Principal Real Estate Income Fund

Posted by fidest press agency su domenica, 2 giugno 2019

The Principal Real Estate Income Fund (NYSE:PGZ) announces the sources of a distribution paid on May 31, 2019 of $0.11 per share to shareholders of record at the close of business on May 17, 2019, pursuant to the Fund’s managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distribution.
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. In accordance with generally accepted accounting principles (“GAAP”), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

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Carbon Yield Fund Wins 2019 Kellogg-Morgan Stanley Sustainable Investing Challenge

Posted by fidest press agency su martedì, 16 aprile 2019

Morgan Stanley’s Institute for Sustainable Investing and Northwestern University’s Kellogg School of Management in the U.S. today announced that Carbon Yield Fund was named the winner of the 2019 Kellogg-Morgan Stanley Sustainable Investing Challenge. The team was one of 12 finalists competing in the Challenge at Morgan Stanley’s Hong Kong offices on Friday. The team proposed a solution to help reduce greenhouse gas emissions by increasing organic farming practices.The Carbon Yield Fund would provide loans to Midwestern farms in the United States that begin the organic certification process, then monetize emissions reductions associated with regenerative organic agriculture through an aggregated carbon offset program, documenting and marketing credits on behalf of the farmers. This additional revenue would help offset transition costs for farms and return capital to the fund’s investors.Now in its ninth year, the Kellogg-Morgan Stanley Sustainable Investing Challenge is an annual global competition designed to inspire future leaders to develop innovative financial vehicles to help address environmental, social and governance challenges. The 12 finalist teams were selected from 365 students, hailing from 50 countries. They represent 80 graduate schools and their projects targeted impact in 31 countries.The winning team consisted of Tom Fields, David Mallett, Claire Pluard and Sam Schiller from the United States.This year’s runner-up was the Grey to Green Fund, who proposed a solution to help reduce hotels’ water consumption throughout the United States. They designed a multi-asset fund that would act as a market aggregator for hotel greywater infrastructure.
The Challenge seeks to inspire the next generation of sustainable investing practitioners, connect emerging leaders with industry professionals, and foster greater emphasis on sustainable finance at graduate schools around the world. More information on this year’s finalists and winner can be found on Morgan Stanley’s website. You can also follow the conversation on social media with #SIChallenge.

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Lazard Global Total Return and Income Fund Declares Monthly Distribution

Posted by fidest press agency su giovedì, 21 marzo 2019

The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.08879 per share on the Fund’s outstanding common stock. The distribution is payable on April 23, 2019 to shareholders of record on April 12, 2019. The ex-dividend date is April 11, 2019. Portfolio data as of February 28, 2019, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, http://www.LazardAssetManagement.com. Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on http://www.LazardAssetManagement.com. The Fund’s investment objective is total return, consisting of capital appreciation and current income. The Fund’s net assets are invested in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, generally of companies with market capitalizations greater than $2 billion, and may include investments in emerging markets. The Fund also invests in emerging market currencies (primarily by entry into forward currency contracts), or instruments whose value is derived from the performance of an underlying emerging market currency, and also may invest in debt obligations, including government, government agency and corporate obligations and structured notes denominated in emerging market currencies.

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€200m fund for rural enterprise launched

Posted by fidest press agency su venerdì, 22 febbraio 2019

The ‘Agri-Business Capital Fund’, or ABC Fund, aims to raise €200 million (US$226 million) over the next decade, and will focus on attracting capital into rural enterprises, farmers’ organisations and smallholder groups, who often suffer from a lack of access to financing tools. The fund will work with financial institutions and directly with businesses to provide loans ranging from €20,000 to €800,000.“Smallholders and rural businesses are not getting the investment they need from the private sector,” Neven Mimica, the European Commissioner for International Cooperation and Development, said at the fund’s launch in Rome. “ABC Fund will help us address this gap, improve their access to capital and consequently the lives of 700,000 rural households.”The fund has already raised commitments worth €45 million from the EU and the ACP, €5 million from the European Union and and €4.5 million from AGRA. The fund will be based in Luxembourg, and its portfolio will be managed by two investment companies, Bamboo Capital Partners and Injaro Investments.
“Our African, Caribbean and Pacific members have great expectations of the ABC Fund,” Patrick Gomes, ACP Secretary General, said at the fund’s launch. “We look forward to having the Fund respond to specific needs in the three regions and supporting the implementation of our new approach to structurally transform the ACP agricultural sector. This fund, which aims to contribute to wealth and job creation, particularly for our youth, should significantly enable ACP countries to add value, extract higher rents from commodities, diversify and further integrate into global value chains.” (font: responsiblebusiness.com)

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Centaur Total Return Fund (TILDX) Announces Advisor Transition

Posted by fidest press agency su martedì, 6 novembre 2018

The Board of Trustees of the Centaur Mutual Funds Trust has announced today an upcoming change to the investment advisor for the Centaur Total Return Fund (TILDX). The Board expects that on or around November 15, 2018, DCM Advisors, LLC, an investment advisory firm registered with the U.S. Securities and Exchange Commission and based in New York, NY, will assume the portfolio management responsibilities for the Fund. The Fund’s current Advisor, Centaur Capital Partners, will continue to manage the Fund’s portfolio until such time as DCM Advisors assumes the portfolio management role.Speaking on behalf of Centaur Capital Partners, portfolio manager Zeke Ashton provided the following comment: “Centaur Capital Partners would like to thank the Fund’s shareholders for entrusting us with their capital for the many years that we have been managing the Centaur Total Return Fund. We would also like to express our gratitude to the Board of Trustees and the Fund’s service providers for their support and assistance during the transition to a new advisor.” DCM Advisors acting CEO added: “We are very excited to be appointed the advisor to the Centaur Total Return Fund. We are deeply appreciative of the fine job Centaur Capital Partners has done on behalf of shareholders over the years and wish Zeke the very best in his future endeavors.”

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Lazard World Dividend & Income Fund Declares Monthly Distribution

Posted by fidest press agency su lunedì, 18 giugno 2018

The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the “Fund”) (NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07409 per share on the Fund’s outstanding common stock. The distribution is payable on July 23, 2018 to shareholders of record on July 12, 2018. The ex-dividend date is July 11, 2018. Portfolio data as of May 31, 2018, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, http://www.LazardAssetManagement.com. Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on http://www.LazardAssetManagement.com.The Fund’s objective is total return through a combination of dividends, income, and capital appreciation. The Fund’s net assets are invested in a portfolio of approximately 60 to 90 world equity securities, consisting primarily of stocks selected from the current holdings of other accounts managed by LAM. The equity portfolio is broadly diversified in both developed and emerging market countries and across the capitalization spectrum. The Fund seeks enhanced income by investing in short duration (typically less than one year) emerging market forward currency contracts and other emerging market debt instruments.An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of March 31, 2018, LAM and affiliated asset management companies in the Lazard Group managed $252 billion worth of client assets. For more information about LAM, please go to http://www.LazardAssetManagement.com.

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