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Press release content from Business Wire. The AP news staff was not involved in its creation. KBRA Releases Research – What a Year for Container Shipping January 12, 2021 GMT NEW YORK (BUSINESS WIRE) Jan 12, 2021 Kroll Bond Rating Agency (KBRA) continues to engage with its rated issuers in the shipping space as the industry rides the waves of COVID-19. Despite the impact of the pandemic on the general economy, KBRA notes a favorable trend for the container shipping industry, given a strong rebound in demand growth for consumer products versus service spending (e.g., travel) as well as aircraft cargo displacement by vessels. ....
Press release content from Business Wire. The AP news staff was not involved in its creation. CI Financial’s Total Assets Grow 27% in 2020 to Record $231.5 Billion January 12, 2021 GMT TORONTO (BUSINESS WIRE) Jan 12, 2021 CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary assets under management as at December 31, 2020 of $134.9 billion and wealth management assets of $96.6 billion, for total assets of $231.5 billion. ADVERTISEMENT CI’s wealth management assets and total assets grew by 91.3% and 27.1% year over year, respectively, reaching record highs. “In December, we completed the acquisition of four U.S. wealth management firms, adding approximately $12.3 billion in assets and a presence in four large and vital markets,” said Kurt MacAlpine, CI Chief Executive Officer. ....
Press release content from Globe Newswire. The AP news staff was not involved in its creation. GAMCO International SICAV Announces the Launch of a new UCITS sub-fund: GAMCO Convertible Securities GAMCO Investors, Inc.January 11, 2021 GMT RYE, N.Y., Jan. 11, 2021 (GLOBE NEWSWIRE) GAMCO Investors, Inc. (NYSE:GBL) announced today that GAMCO International SICAV (Luxembourg), managed by Gabelli Funds, launched a new sub-fund, GAMCO Convertible Securities. GAMCO Convertible Securities’ objective is to seek to provide current income as well as long term capital appreciation through a total return strategy by investing in a diversified portfolio of global convertible securities. The Fund leverages the firm’s history of investing in dedicated convertible security portfolios since 1979. Multiple share classes will be available at launch and are tailored for Global institutional investors as well as select non-US retail investors. At the onset, the Fund will launc ....
Press release content from Business Wire. The AP news staff was not involved in its creation. KBRA Releases 2021 Sector Outlook: U.S. Life Insurance January 7, 2021 GMT Kroll Bond Rating Agency (KBRA) releases its U.S. Life Insurance 2021 Sector Outlook. The year 2020 brought about unprecedented and unexpected challenges. KBRA believes that the U.S. life insurance industry weathered those challenges well, having entered the pandemic in a strong financial position. The industry’s strong capital and liquidity, high-quality investment portfolios, and enhanced governance and risk management all provided solid support. At the same time, many management teams pulled levers (e.g., discontinuing share repurchases) to bolster capital and liquidity during a period of intense uncertainty. ....