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Paramount Group has confirmed that it has received an unsolicited, non-binding proposal from Monarch Alternative Capital LP to acquire all of the Company’s outstanding common stock for USD12.00 per share in cash.
Paramount Group is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco
Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Paramount Board of Directors will carefully review the unsolicited proposal to determine the course of action that
Alpha Whale Fund is about to be the first NFT project to ever run a community crypto hedge fund with the imminent release of 5,000 unique NFTs.
The Alpha Whale Fund is more than a traditional NFT because holders will have access to a vault accumulation fund, where 50 per cent of proceeds from NFT sales, mint, and royalties are shared. Alpha Whale Fund’s primary focus is building long-term, hands-off wealth for its community. This is why each holder will receive a share of the vault’s holdings based on the number of NFTs held.
Alpha Whale Fund will be sending
A hedge fund that is trying to buy newspaper publisher Lee Enterprises has lost a legal battle to prevent the company from using a system that would see two longtime directors reelected at its annual meeting next month.
Bitcoin could be on the verge of a major rally fuelled by moves in the debt market and the Fed’s changing monetary policy, according to a report by CoinTelegraph.
The report says that hedge fund Pantera Capital has highlighted Pantera Capital says: ““And so we think over the next number of weeks, crypto is basically going to decouple from traditional markets and begin to trade on its own again.
“We are quite bullish on the market, and we think prices are at a relatively inexpensive place.”
UMB’s Fund Services and Institutional Custody teams are expanding with the hiring of three industry veterans.
Paul Troilo joins Fund Services as global relationship manager, and Tonya Cordray and Melissa Clingan join Institutional Custody as senior manager and manager custody administration, respectively.
Cordray brings more than 20 years of institutional custody knowledge and 25 years of financial services industry knowledge and management experience. As senior manager within the Institutional Custody Administration team, Cordray oversees all clients, as well as the team members servicing clients, to ensure that each is met with exceptional service levels.
Clingan has more than 18 years
South Korean sovereign wealth fund Korea Investment Corporation (KIC) is partnering with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge funds, according to a report in the Korea Economic Daily.
The agreement will see SGI and Korea’s Tongyang Life Insurance Co jointly invest USD20 million in KIC’s USD300 million joint venture with Korea’s National Agricultural Cooperative Federation (NongHyup) and the National Federation of Fisheries Cooperatives (Suhyup).
KIC, NongHyup and Suhyup invested USD150 million, USD100 million and USD50 million in the JV when it was established last November.
Alternative credit specialist CIFC Asset Management’s philanthropic programme, the CLO Initiative for Change, has made its second annual donation.
In support of educating and empowering students to reach their full potential regardless of financial means, CIFC has partnered with the deal parties of its latest CLO, CIFC Funding 2022-II, including RBC Capital Markets, Appleby (Cayman) Ltd, Allen & Overy LLP, Milbank LLP, BNY Mellon, and Locke Lord LLP, to make a collective contribution of over USD225,000 to the TEAK Fellowship (TEAK). In addition to the financial contribution, CIFC team members will partner with TEAK to provide mentorship and/or educational support
The Blackstone Private Credit fund (BCRED) has reported a net return of 12.4 per cent since launch and an 8.5 per cent distribution yield for 2021, according to a report by Barron’s Online.
While the S&P 500 was down more than 5 per cent during the first month of 2022, and the Bloomberg US Aggregate Bond Index, was down more than 2 per cent, BCRED chalked up a return of almost 1 per cent.
Digital asset prime dealer SFOX has now matched, executed, and cleared the first-ever crypto non-deliverable forward (NDF) contract between B2C2 and an undisclosed financial institution over its multi-dealer network.
This milestone for the cryptocurrency market, which cleared on Friday, 4 Feb, 2022, establishes SFOX as the first platform to intermediate between a buyer and a seller in the crypto NDF market as well as the first multi-dealer platform to execute an NDF trade.
An NDF is a cash-settled, and usually short-term, forward contract. Crypto NDFs permit banks and other highly regulated financial institutions to gain exposure to the USD3 trillion
The Securities and Exchange Commission t(SEC) has charged James Velissaris, the former Chief Investment Officer and founder of Infinity Q Capital Management, with overvaluing assets by more than USD1 billion while pocketing tens of millions of dollars in fees.
