BlackRock struck a deal to acquire ElmTree Funds, a St. Louis-based net-lease real estate investment firm managing $7.3 billion in assets. The investment giant will pay primarily in stock upfront with additional consideration tied to ElmTree’s performance over five years, according to a press release. Financial terms of the acquisition were not disclosed. ElmTree will
Crowd of people watch the solar eclipse on boulders on Monday, April 8, 2024, at Elephant Rocks State Park in Belleview, Missouri. With sunny skies, the enjoyed two minutes and 18 seconds of totality. Photo by Laurie Skrivan, lskrivan@post-dispatch.com Laurie Skrivan, Post-Dispatch JEFFERSON CITY — A sales tax voters first approved over 40 years ago
“The Division (of Unclaimed Funds) saw an approximately 80% increase in claims initiated the week of June 3 compared to the previous week,” said Franklin Freytag, spokesperson for the Ohio Department of Commerce. About 133,250 claims were initiated from June 3-26, he said. To put this in perspective, there were 14,111 claims initiated the week
Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already
Ojas is in sales and has been a top performer for most of his illustrious career, which is coming to a close. He has some investments but hasn’t paid much attention to his personal finances. His elder brother Tejas has been managing his investments. Once he retires, he will need a regular income to meet
The rise in “sell America” chatter this year seems to have been matched by investor appetite for non-US stocks. Flows into non-US exchange-traded funds hit more than $20 billion in June, the second-highest monthly amount ever, according to data from State Street. State Street Investment Management The flows into non-US stocks accounted for 45% of
The cohort of lower-risk catastrophe bond funds structured in the UCITS format are still leading the way year-to-date in 2025, with an average 3.06% return to June 27th. But the higher-risk cohort of cat bond funds are now narrowing the gap, as impacts from wildfire and aggregate losses and mark-to-market adjustments move further into the
Crypto companies and traders are pouring billions of dollars into tokenised versions of money market and Treasury bond mutual funds, as they look beyond stablecoins to other places to park excess cash that can also give them some yield. Total assets held in tokenised Treasury products — which include funds whose units have been converted
Hong Kong’s Mandatory Provident Fund (MPF) achieved its third-best interim performance as a rally in Chinese stocks this year improved returns and helped lift total assets to the highest level since its inception in 2000. Managers overseeing 379 investment funds under the compulsory retirement scheme generated a combined HK$115 billion (US$14.6 billion) of income from
James Dykes will join Fisher Funds as director – private equity. James Dykes. The move comes a month after Fisher Funds shared its strategy to invest more than $1 billion in private equity, with $300 million earmarked for New Zealand businesses. “This is an important senior role, and it is fantastic to announce that someone