Impact Investing in a Shifting Investment Paradigm (Preqin)
The size of the impact investing market is growing, and specialized impact investors could be best placed to capitalize on this changing focus. The COVID-19 pandemic has had permanent effects all around the globe. Furthermore, the outbreak exposed many existing social and economic weaknesses. How has this new paradigm shift changed the scope of impact investing? The pandemic magnified existing global problems. It took issues like poverty, gender inequality, and job insecurity, and exacerbated them. It has also added further fuel to the debate surrounding the climate crisis. However, I wouldn’t say that all of this has changed the scope of impact investing; rather, it has highlighted the importance of, and opportunities presented by, impact investing. These are exactly the areas on which BlueOrchard has focused over the past 20 years.
Lazard Is in Talks to Buy Hedge Fund Brigade in Credit Push (Bloomberg)
Investment bank Lazard Ltd. is in advanced talks to acquire hedge fund firm Brigade Capital Management, according to people with knowledge of the matter. The $30 billion credit-investment firm, run by Don Morgan, is close to inking a deal with New York-based Lazard that will add to its asset-management business, the people said, asking not to be identified discussing private information. A spokesman for Brigade declined to comment, and a representative for Lazard didn’t immediately respond to requests for comment.
BondBloxx Investment Manager Brings on Co-Founder (Pensions&Investments)
Tony Kelly is joining new fixed-income exchange-traded fund issuer BondBloxx Investment Management as co-founder. Mr. Kelly, who was previously managing director, global head of product and strategy for the ETF business at Goldman Sachs Asset Management, will join the founding team led by Leland Clemons, who served in multiple roles with BlackRock’s iShares ETF business from 2005 to 2019, according to a BondBloxx news release Tuesday.
Eagle Point Credit Management Closes Defensive Income Fund at Hard Cap of USD300m (Institutional Asset Manager)
Eagle Point Credit Management (Eagle Point), a specialist investment manager focused on investing in CLO securities, portfolio debt securities and other credit investments, has held the final close of its Defensive Income Fund. The fund had an original target size of USD250 million, was oversubscribed and closed at its hard cap of USD300 million. “We saw very strong demand for our defensive income strategy, which we believe provides an attractive and uncorrelated source of yield,” says Thomas Majewski, Managing Partner of Eagle Point. “This niche investment strategy capitalises on Eagle Point’s highly differentiated approach to source, diligence and acquire portfolio debt securities, including debt and preferred equity issued by credit funds and BDCs, which is unique among institutional credit managers. We greatly appreciate the confidence that our investors have in our ability to deliver yield across market cycles.”
Tuesday 11/2 Insider Buying Report: KEX (Nasdaq.com)
On Friday, Kirby’s Director, Barry E. Davis, made a $528,818 buy of KEX, purchasing 10,000 shares at a cost of $52.88 each. Davis was up about 4.2% on the purchase at the high point of today’s trading session, with KEX trading as high as $55.09 at last check today. Kirby is trading down about 0.3% on the day Tuesday.
President And CEO Of Arista Networks Sold $16M In Stock (Benzinga)
Jayshree Ullal, President And CEO at Arista Networks (NYSE:ANET), made a large insider sell on October 29, according to a new SEC filing. What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Friday showed that Ullal sold 41,000 shares of Arista Networks at prices ranging from $403.49 to $404.44. The total transaction amounted to $16,563,040.
The Chief Executive Officer & Managing Director of Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh (Other OTC: ADMLF) is Selling Shares (Analyst Ratings)
Today, the Chief Executive Officer & Managing Director of Adriatic Metals Shs Chess Deposit Interests Repr 1 Sh (ADMLF), Paul D Cronin, sold shares of ADMLF for $8.4M. ADMLF’s market cap is $454 million and the company has a P/E ratio of -33.90. The company has a one-year high of $2.50 and a one-year low of $1.52.
