Easterly Asset Management acquired two municipal investment mutual funds and hired two managers, including the former co-head of municipals at OppenheimerFunds Rochester, to run them. Easterly, a Massachusetts-based asset manager with $3 billion under management, added PSP High Income Municipal Bond Mutual Fund and the PSP Short-Term Municipal Fund, which have a combined $600 million
(Bloomberg) — Indian banks and shadow lenders rose Thursday after the country’s central bank eased capital requirements for a unique type of investment, a move that may free up more funds for loans. Most Read from Bloomberg The gains came after the Reserve Bank of India issued Wednesday modified rules on lenders’ required provisions for
Funds that invest in real estate generally had a tough time in 2023. With interest rates at their highest levels in decades, the financing and refinancing needed for many formerly cheap real estate deals started to look a bit pricey. Real Estate Investment Trusts, which are many times traded on public exchanges, lost about 21%