March 1, 2016
CenterSquare Investment Management focuses on "real assets" such as real estate and infrastructure (think utilities, telecommunications towers, and airports). This $8.2 billion firm is a quiet giant with headquarters in Plymouth Meeting. It runs money mostly for institutions, but there are ways to invest with CenterSquare through listed mutual funds. For instance, CenterSquare is contracted to run the Dreyfus Global Infrastructure Fund and the Dreyfus Global Real Estate Securities Fund.
February 10, 2016
By Shawn McCoy Hillary Clinton, Bernie Sanders, and Donald Trump have little in common, but they have one point of agreement: to make hedge funds the political punching bag of 2016. Democratic socialist Sanders offers an "average folk vs. hedge-fund manager" dichotomy at his rallies. Republican Trump claims, "The hedge-fund guys are getting away with murder. They make a fortune, they pay no tax. It's ridiculous, OK?" Democrat Clinton, whose daughter is married to a hedge-fund manager, complains, "There's something wrong when hedge-fund managers pay less in taxes than nurses or the truckers I saw on I-80.
December 23, 2012 |
Exchange-traded funds remain relative upstarts compared with mutual funds. But it's not a stretch to ask whether investors might someday commit as much cash to them as they have to their more established cousins. Introduced in the early 1990s, ETFs initially were trading tools for professional investors. Similar to low-cost index mutual funds, they track segments of the market and try to match a benchmark stock or bond index rather than beat it. But ETF shares can be traded throughout the day like stocks.
October 1, 2012 |
There's a price war brewing. Exchange-traded funds are becoming cheaper by the month, and cost-conscious investors are reaping the rewards. That's provided they don't focus so narrowly on expenses that they disregard other factors - such as which investments to select. The largest ETF provider, BlackRock's iShares unit, recently said it is finalizing ETF fee cuts that will be detailed later this year. Charles Schwab slashed its ETF expenses in mid-September. Other big ETF players could follow suit, further pressuring mutual funds to cut expenses to avoid losing more investors and assets to the fast-growing ETF industry.
September 10, 2012 |
NEW YORK - The U.S. government is selling more of its shares in insurer American International Group Inc., in a move that should decrease its holdings below a majority stake for the first time since the $182 billion bailout in 2008. The sale is the latest step to recoup taxpayer money spent on the largest bailout of the financial crisis. AIG said Sunday that the Treasury Department is selling $18 billion worth of its common shares to institutional investors. If there is more demand, the government will grant the underwriters a 30-day option to buy up to $2.7 billion more of its stake in the company.
May 25, 2012 |
Here's a status update on Facebook's vaunted initial public offering: not as hot as your brother-in-law might have told you. But it remains to be seen whether the Wall Street banks orchestrating the $16 billion stock sale did anything wrong, or whether last week's investors have only themselves to blame if they feel burned. Facebook shares closed Wednesday at $32 apiece, up a dollar for the day but down nearly 16 percent from the $38-a-share initial price set last Thursday. Lawsuits are already alleging that investors were somehow duped by the high-flying social media company or its underwriters, led by Wall Street's Morgan Stanley.
January 12, 2012 |
Former Urban Outfitters Inc. chief executive Glen T. Senk, whose departure rattled investors and battered the Philadelphia-based retailer's stock price after it was announced Tuesday, was named CEO of David Yurman Inc., the upscale New York-based jeweler announced Wednesday. Senk, 55, is set to join the privately owned jeweler Feb. 27 and will take an ownership stake in the company, founders David and Sybil Yurman said in a statement. Word of Senk's new job spread across an anxious shareholder community as Urban's shares fell $5.48, or 18.63 percent Wednesday, to close at $23.93, in advance of a highly anticipated presentation by company officials to institutional investors Thursday at a conference in Miami.
June 28, 2010
Penn Mutual Life Insurance Co., of Horsham, said it agreed to sell $200 million in 30-year notes with a fixed coupon rate of 7.625 percent to institutional investors. The insurance company, whose operations include Janney Montgomery Scott L.L.C., said it would use the money for general corporate purposes. - Harold Brubaker
October 12, 2008 |
The $700 billion bailout may or may not unclog the nation's financial system. But what it would surely do, experts say, is create opportunities for clever investors to game the system. "I think everyone who is in the financial-services business is busting a gut right now trying to figure out where" the money can be made, said Richard D. Jones, a partner at Dechert L.L.P. who focuses on mortgage finance and capital markets. As the U.S. Treasury Department begins implementing the bailout program - the first contractors might be hired this week - the nation's financial problems only deepened.
June 26, 2006 |
Two former portfolio managers at Chartwell Investment Partners have left the Berwyn fund family to launch their own firm. Eric F. Scharpf and Matthew H. Taylor, who have worked together since their days at the former Miller, Anderson & Sherrerd, have formed Cheswold Lane Asset Management L.L.C., whose International High Dividend Fund is scheduled to begin trading Wednesday. The fund, which the pair developed while they were still at Chartwell, already has $17 million in assets under management, and, as with most start-up funds, is aimed initially at wealthy investors.