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Pinnacle Asset Management-Backed Six One Commodities Announces The Acquisition Of Vega Energy Partners And WGL Midstream
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PEAK ASSET: AFTERNOON WRAP 21 APRIL: ASX trims losses to 0 3% after hitting two-week low | Impact Minerals tops up cash via $4m placement to advance Apsley and Broken Hill | Japanese shares extend losses as investors brace for more lockdowns |
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Sam Oakley Ranked to Barron s Top 1,200 Financial Advisors List
April 08, 2021
Sam Oakley, a managing director for Pinnacle Asset Management, leader of The Oakley Group, and a financial consultant with Raymond James Financial Services, Inc., member FINRA/SIPC, was recently named to Barron s list of the Top 1,200 Financial Advisors. The prestigious 2021 list was published March 14 and draws from all 50 states, plus the District of Columbia. Oakley also appeared in Barron s Top 1,200 Advisers (Top 1,000 prior to 2013) list from 2009 - the list s inaugural issue - to 2017. He was ineligible to apply for Barron s 2018 and 2019 lists due to moving The Oakley Group to Pinnacle Financial Partners. Oakley once again made the Top 1,200 Financial Advisors list in 2020.
With $1 Trillion of Distress Gone, Funds Find Scraps
Bloomberg 11 mins ago Katia Porzecanski and Katherine Doherty
(Bloomberg) For investment firms that profit by buying the debt of troubled companies, it looked like the opportunity of a lifetime: a $1 trillion pile of distressed bonds and loans in the Americas alone as the pandemic sent markets into meltdown last March.
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But after a massive federal bailout and rock-bottom interest rates kept even some of the shakiest companies afloat, those juicy targets have shriveled to less than $100 billion. That’s left distressed-debt specialists who at one point last year had $131 billion to spend rummaging for increasingly elusive bargains. Even the real estate sector, which was hammered after the pandemic shuttered offices, hotels and stores, has managed for now to avoid an epic wipeout.
With $1 Trillion of Distress Gone, Debt Pickers Find Scraps Distressed debt specialists who at one point last year had $131 billion to spend are rummaging for increasingly elusive bargains. Bloomberg | Apr 06, 2021
(Bloomberg) For investment firms that profit by buying the debt of troubled companies, it looked like the opportunity of a lifetime: a $1 trillion pile of distressed bonds and loans in the Americas alone as the pandemic sent markets into meltdown last March.
But after a massive federal bailout and rock-bottom interest rates kept even some of the shakiest companies afloat, those juicy targets have shriveled to less than $100 billion. That’s left distressed-debt specialists who at one point last year had $131 billion to spend rummaging for increasingly elusive bargains. Even the real estate sector, which was hammered after the pandemic shuttered offices, hotels and stores, has managed for now to avoid an epic wipeout.
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