Industry News

Affiliated Managers Group, Inc. has closed its investments in Capula Investment Management LLP Mount Lucas Management LP and CapeView Capital LLP, the company said. Capula is a global fixed income specialist firm managing absolute return, enhanced fixed income, and tail risk strategies, focusing on developing innovative investment strategies that exhibit low correlation to traditional equity and fixed income markets."/>
US Asset Manager AMG Closes Investments in Three Alternative Firms
Markit will trade as "INFO" on the NASDAQ Global Select Market after their planned merger closes, the companies said. Based on the closing prices of IHS and Markit common stock on 18 March 2016, the implied equity value of the transaction is more than USD 13 bn. The transaction has been unanimously approved by the boards of each company."/>
Information, Analytics Firms HIS, Markit to Trade Under “INFO” Symbol Post-Merger
Chubb has appointed Jennifer Devereaux, Vice President, Excess Major and Specialty Casualty, and Kimberley Higgins, Vice President and Toronto Commercial Insurance Manager, to manage its Healthcare Industry Practice business in the Canadian Region. These roles will be in addition to their existing leadership responsibilities at Chubb. Devereaux, who has more than 20 years of insurance industry experience, will be the Healthcare Industry Practice..."/>
Chubb's Healthcare Industry Practice Appoints Canadian Region Leaders
Northern Trust announced today it has enhanced its peer universe comparison capabilities with the addition of intelligence derived from eVestment universe data. The integration of eVestment’ s universes expands clients’ access to a global array of more than 500 manager peer universes across six asset classes and 74 countries. Through Northern Trust’ s Investment Risk and Analytical Services peer universe comparison capabilities, clients can compare the..."/>
Northern Trust Boosts Peer Comparison for Asset Owners
PNC Financial Services Group, Inc. declared a quarterly cash dividend on the common stock of 55 cents per share, an increase of 4 cents per share, or 8 percent, from the second quarter dividend of 51 cents per share. The dividend is payable Aug. 5, 2016 to shareholders of record at the close of business July 18, 2016.. "Today's board action provides an expanded and well-deserved return to our shareholders," said William S...."/>
PNC Raises Common Stock Dividend To 55 Cents Per Share
Sotherly Hotels Inc. announced that it successfully executed a $19.0 million secured loan with Fifth Third Bank collateralized by a first mortgage on the Crowne Plaza Tampa Westshore Hotel in Tampa, FL. The loan, which provides initial gross proceeds of $15.7 million with an additional $3.3 million earn-out provision subject to satisfaction of certain conditions, carries an initial 3- year term plus 2 1- year extension options, a floating..."/>
Sotherly Hotels Inc. Announces Refinancing of Tampa Hotel
Union Bankshares Corporation today announced that it will release its second quarter 2016 financial results before the market opens on Friday, July 22, 2016.. Following the release, the company will host a conference call for analysts at 9:00 a.m. Eastern Daylight Time on Friday, July 22, 2016.. To listen to the call, please use one of the following telephone numbers."/>
Union Bankshares Corporation to Release Second Quarter 2016 Results
Resource Credit Income Fund announced its quarterly distribution of $0.175* as of June 30, 2016. This represents a 7.2 percent distribution and is the fund’ s first quarterly distribution, placing it slightly in excess of the Fund’ s initial annualized distribution target of 7 percent. **The Fund began trading on April 17, 2015 and closed the quarter as of June 30, 2016 with an inception-to-date total net return of percent."/>
Resource Credit Income Fund (RCIAX) Announces Quarterly Distribution
Nasdaq MarketSite in Times Square. The SWCRF is celebrating its fortieth anniversary at the July 9 A Hamptons Happening benefit in Bridgehampton, NY, for its funded-cancer research programs. In honor of the occasion, Dr."/>
Samuel Waxman Cancer Research Foundation to Ring The Nasdaq Stock Market Opening Bell
Resource Real Estate Diversified Income Fund announced its quarterly distribution of $0.15* as of June 30, 2016. This represents a 6.0 percent distribution and is the thirteenth consecutive quarterly distribution, placing it in excess of the Fund’ s initial target of 5 percent. **The Fund began trading on March 12, 2013, and closed the quarter as of June 30, 2016 with an inception-to-date total net return of 21.15 percent."/>
Resource Real Estate Diversified Income Fund (RREDX) Maintains Quarterly Distribution
Mortgage Rates Approaching All-Time Record Lows
IBERIABANK Corporation, the parent holding company of IBERIABANK, announced today that it will release second quarter 2016 results after the close of business on Wednesday, July 27, 2016, and follow with a conference call the next morning. The second quarter release of earnings and supplemental presentation materials will be distributed after the close of business on Wednesday, July 27, 2016, followed by a live conference call, beginning..."/>
IBERIABANK Corporation to Announce Second Quarter Results
ALJ Regional Holdings, Inc., the parent company of Faneuil, Inc. a provider of outsourcing and co-sourced services to both commercial and government entities in the healthcare, utility, toll and transportation industries, Carpets N’ More, one of the largest floor covering, cabinet and solid surface retailers in Las Vegas and a provider of multiple finishing products for commercial, retail and home builder markets, and Phoenix Color Corp., a leading manufacturer of book..."/>
ALJ Regional Holdings, Inc. (Nasdaq: ALJJ) to Ring The Nasdaq Stock Market Closing Bell
State Bank of India and ICICI Bank, will conduct extensive joint lender forum meetings with the managements of at least 10 stressed firms this month, two people in the know said. Apart from taking stock of progress of these accounts, bankers also intend to evaluate the feasibility of a new financial structuring scheme introduced by the Reserve Bank of India in June. According to one of the two persons quoted above, an official at a large state-owned..."/>
Bankers to conduct marathon meetings to deal with stressed cases [Mint, New Delhi]
Care Capital Properties stated on Wednesday that it plans to issue senior notes due 2026 in a private offering. This proposed private offering is being initiated by the company's wholly owned operating partnership, Care Capital Properties LP, subject to market and other conditions. These senior notes will be fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by CCP and Care Capital LP's general partner, Care..."/>
Care Capital Properties proposes private offering of senior notes
WisdomTree Investments, Inc., an exchange-traded fund and exchange-traded product sponsor and asset manager, announced today that it plans to release its second quarter results on July 29, 2016 at 7:00 a.m. ET. A conference call to discuss the firm's results will be held at 9:00 a.m. ET.. The call and accompanying presentation will be accessible as a webcast on the Investor Relations section of WisdomTree's web site at http://ir.wisdomtree.com/."/>
WisdomTree Schedules Earnings Conference Call for Q2 on July 29, 2016 at 9:00 a.m. ET
Tesco, Morrisons and Sainsbury's, lowering its target prices on the retailers by as much as 19 pc."/>
Daily Mail, London, market report column [Daily Mail, London]
Nortek by tapping shareholders for pounds sterling 1.6 bn and borrowing pounds sterling 600 m. Melrose shares soared nearly 46 pc to an all-time high on the move as the deal was cheered by investors following weeks of volatility on financial..."/>
Buyout giant brushes off Brexit fears with US deal [Daily Mail, London]

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