News by ABERDEEN JAPAN INVESTMENT TRUST PLC Company or code – between 17 November 2020 and 17 February 2021 Time period News explorer

News by ABERDEEN JAPAN INVESTMENT TRUST PLC Company or code - between 17 November 2020 and 17 February 2021 Time period News explorer

News explorer – Search Regulatory news, RNS Search, via Company or code, Index, Industry Sector, Headline type, Release date and Source /PRNewswire/ — Private capital funds in the United States face growing demands for transparency as mainstream investors increasingly turn to the sector to… Companies News explorer – Search Regulatory news, RNS Search, via Company or code, Index, Industry Sector, Headline type, Release date and Source The monthly magazine providing news analysis and professional research for the discerning private investor/landlord Stocks ended a tentative day of trading with mixed results as gains for energy companies and banks were offset by losses in other sectors

16 February 2021

15:54:12

785.00

15 February 2021

12:31:52

785.00

11 February 2021

16:18:28

785.00

08 February 2021

12:52:47

785.00

04 February 2021

17:13:32

785.00

02 February 2021

17:15:14

785.00

01 February 2021

14:41:14

785.00

01 February 2021

10:22:58

785.00

25 January 2021

14:33:39

785.00

25 January 2021

10:09:50

785.00

22 January 2021

17:00:05

785.00

18 January 2021

12:57:25

785.00

14 January 2021

10:45:07

785.00

13 January 2021

11:10:23

785.00

11 January 2021

11:50:16

785.00

05 January 2021

16:53:31

785.00

04 January 2021

15:09:20

785.00

04 January 2021

14:38:53

785.00

04 January 2021

10:40:54

785.00

30 December 2020

17:02:27

785.00

Source: www.londonstockexchange.com


US private capital funds must invest US$3 billion over next five years to meet investors' increasing demands for transparency, Intertrust Group says

US private capital funds must invest US$3 billion over next five years to meet investors’ increasing demands for transparency, Intertrust Group says

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LONDON, Feb. 16, 2021 /PRNewswire/ — Private capital funds in the United States face growing demands for transparency as mainstream investors increasingly turn to the sector to chase the higher returns it offers, new research* from Intertrust N.V. (“Intertrust Group” or “Company”) [Euronext: INTER] reveals. Intertrust Group, a world leader in providing specialized administration services to clients in over 30 jurisdictions, estimates that around US$3 billion will need to be spent in the US alone to meet these increasing demands over the next five years. The estimated cost for the private capital funds industry globally is US$5.5 billion.

A new report, entitled The future private capital CFO: Evolving in a digital age and created in partnership with Global Custodian, shows that CFOs at private capital funds in the US expect their limited partners (LPs) to require data updates with increasing frequency over the next decade. Seven out of 10 (70%) respondents expect their investors to be looking for access to live or daily updates on both portfolio performance and cybersecurity. More than half (56%) of CFOs expect a need for daily or live updates on operational service level agreements (SLAs) and 64% on environmental, social and corporate governance (ESG).

US CFOs anticipate higher priority will be placed on cybersecurity and ESG than their peers elsewhere: only 57% and 51% of CFOs globally anticipate live or daily updates for these functions respectively.

Although extensive investment will be required to meet these greater demands, they are also conflicting with private capital funds’ traditional leaning towards confidentiality. Intertrust Group warns that private capital funds must either meet these greater demands or face significant competitive disadvantages and possibly regulatory pressures.

David Sarfas, Head of Private Capital, Intertrust Group, said: “The recent developments of allowing 401(k) money access to private equity investments will drive the need for more frequent and relevant information be provided by alternative asset managers. 

“Cybersecurity will always be crucial to CFOs as the level of attacks will continue to increase, while ESG is an increasing part of how investors continue to assess and monitor risk in a continuously evolving regulatory environment.”

The research also found that 22% of US CFOs expect that meeting the demands for portfolio performance updates will incur the greatest draw on their resources. Other factors expected to draw on resources include operations (18%); regulation (17%); cybersecurity (16%); investor demands (13%); diversity and inclusion (D&I) (8%); and ESG (6%).

Around one in four CFOs (24%) say they will respond to the anticipated increased demands by investing in technology, while 24% say they will increase the size of the in-house finance team, 21% will outsource more functionality, 21% will invest in distributed ledger functionality and 10% will retain the existing balance between in-house and outsourcing.

David added: “Insourcing has generally been more common in the US. But we expect private capital funds will increasingly outsource as ever more data pressures around reporting to investors and regulators will make industrial solutions around the manipulation of the data more attractive.”

*Source: Global Custodian in partnership with Intertrust Group; a global sample of 300+ chief financial officers at private capital funds were surveyed between 20 November 2020 and 26 January 2021, including 88 in the US

For more information

Katie Scott-Kurti
Head of External Communications
Intertrust Group
[email protected]

Lucia Domville
Citigate Dewe Rogerson
[email protected]

About Intertrust Group

At Intertrust Group our 4,000 employees are dedicated to providing world-leading, specialised administration services to clients in over 30 jurisdictions. This is amplified by the support we offer across our approved partner network which covers a further 100+ jurisdictions. Our focus on bespoke corporate, fund, capital market and private wealth services enables our clients to invest, grow and thrive anywhere in the world. Sitting at the heart of international business, our local, expert knowledge and innovative, proprietary technology combine to deliver a compelling proposition – all of which keeps our clients one step ahead.

SOURCE Intertrust Group

https://www.intertrustgroup.com/

Source: www.prnewswire.com

Author: Intertrust Group


The Chart for Atlas Crest Investment Corp. (ACIC) Is Flashing Mixed Signals

The Chart for Atlas Crest Investment Corp. (ACIC) Is Flashing Mixed Signals

Atlas Crest Investment Corp. (NYSE:ACIC) went up by 2.58% from its latest closing price compared to the recent 1-year high of $15.75. The company’s stock price has collected 19.79% of gains in the last five trading sessions. The Wall Street Journal reported on 02/11/21 that Next Stop for Electric-Vehicle SPAC Mania: the Jetsons

Opinions of the stock are interesting as 0 analysts out of 0 who provided ratings for Atlas Crest Investment Corp. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”

Sponsored

Today, the average trading volume of ACIC was 1.67M shares.

The volatility ratio for the week stands at 8.30% while the volatility levels for the past 30 days are set at 4.06% for Atlas Crest Investment Corp.. The simple moving average for the period of the last 20 days is 24.54% for ACIC stocks with a simple moving average of 29.80% for the last 200 days.

After a stumble in the market that brought ACIC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.68% of loss for the given period.

Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 8.30%, as shares surge +34.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading N/A N/A at present.

During the last 5 trading sessions, ACIC rose by +24.07%, in comparison to the 20-day moving average, which settled at $11.35. In addition, Atlas Crest Investment Corp. saw 34.79% in overturn over a single year, with a tendency to cut further gains.

Source: newsheater.com

Author: By Melissa Arnold


News by HERALD INVESTMENT TRUST PLC Company or code - between 17 November 2020 and 17 February 2021 Time period News explorer

News by HERALD INVESTMENT TRUST PLC Company or code – between 17 November 2020 and 17 February 2021 Time period News explorer

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15 February 2021

07:00:07

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11 February 2021

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RNS

11 February 2021

07:00:03

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20 January 2021

16:37:06

2,415.00

-1.43%

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20 January 2021

16:31:18

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-1.43%

RNS

19 January 2021

07:00:06

2,415.00

-1.43%

RNS

14 January 2021

07:00:06

2,415.00

-1.43%

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12 January 2021

13:11:16

2,415.00

-1.43%

RNS

10 December 2020

11:21:30

2,415.00

-1.43%

RNS

01 December 2020

15:01:43

2,415.00

-1.43%

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23 November 2020

07:00:06

2,415.00

-1.43%

Source: www.londonstockexchange.com


Property Investor News

Property Investor News

The ban on bailiff-enforced evictions in England is to be extended until the end of March, the government has announced. The housing secretary, Robert Jenrick, said the ban – introduced at the start of the pandemic last March to protect private renters – will remain in place for all but the most serious cases for another six weeks.

The latest extension came after ministers announced last month that it would continue until 22 February, having been due to expire on 11 January.

Jenrick said: “We have taken unprecedented action to support renters during the pandemic, including introducing a six-month notice period and financial support to help those struggling to pay their rent. By extending the ban on the enforcement of evictions by bailiffs, in all but the most serious cases, we are ensuring renters remain protected during this difficult time. Our measures strike the right balance between protecting tenants and enabling landlords to exercise their right to justice.”

However, the National Residential Landlords Association (NRLA) chief executive, Ben Beadle, warned the announcement was storing up future problems. He said 800,000 private renters have built up arrears since the ban came into force, which they would struggle to ever pay off.

Beadle added: “It will lead eventually to them having to leave their home and face serious damage to their credit scores. The government needs to get a grip and do something about the debt crisis renters and landlords are now facing. A package of hardship loans and grants is needed as a matter of urgency. To expect landlords and tenants simply to muddle through without further support is a strategy that has passed its sell-by date.”

Has there really been a ‘surge in evictions’?
According to a report in The Independent, hundreds of renters have been thrown out of their homes in the middle of lockdown after the government caved in to landlord lobbying and introduced loopholes to its eviction ban. The newspaper claims that new figures show eviction attempts by landlords doubled during the winter lockdown, while more than 500 households were forced out by county court bailiffs.

The report added that the 500 households figure for those forced out by bailiffs is likely to be “the tip of the iceberg”, as overall homelessness rose by nearly 4,000 households to 68,680 in the most recent data available, and it claimed that in Q4 2020 more than 2,000 orders were issued for people to leave their homes.

However, these reports of a surge in evictions have proven to be unfounded, according to the NRLA, which says that, according to the Ministry of Justice, the number of claims made by private landlords in England and Wales to repossess properties fell by 37% compared to the same period in 2019.

Furthermore, the quantity of possession claims made under the accelerated procedure used by both private and social landlords, also fell by almost 43% in Q4 2020, compared to Q4 2019. Across the whole of 2020, the number of claims by private landlords to repossess properties fell by 48%.

The amount in rent arrears could be a bigger problem
The NRLA is warning that the scale of the rent debt crisis is more of a concern as it now covers the entire sector. Its latest research indicates that over 800,000 renters in England and Wales have built arrears since lockdown measures started in March last year. As a result, the association is calling for a package of hardship loans and grants for affected tenants to pay off arrears built since March last year. This, it believes, will ensure tenancies are sustained and prevent renters facing the consequences of damaged credit scores.

Beadle said: “Despite fears to the contrary, landlords have prioritised sustaining tenancies and supporting renters during the pandemic. That said, landlords cannot continue indefinitely going without receiving rent. Bans on repossessions are only leading to tenants accumulating more and more debt which will become impossible for them to pay back. This will eventually lead to many more losing their homes. Ministers can still avert this if they step in to help the sector through a package of hardship loans and grants.”

Concerns over eviction mediation scheme
Meanwhile, the Law Society has raised concerns around government’s new eviction mediation scheme, which has been designed to ease the backlog of eviction cases by encouraging mediation between landlords and tenants.

The Society has raised concerns that the project could lead to tenants being misrepresented, while also using up funding that could be more usefully channelled elsewhere. A possession mediation service was first proposed by the Ministry of Justice (MOJ) last year as a way to sustain tenancies and manage court capacity after the eviction ban, introduced in response to the COVID-19 crisis, led to a huge backlog in cases.

David Greene, president at the Law Society, said mediation “has an important place in dispute resolution”, but it “cannot replace the usual routes of access to justice through the courts or take money from schemes that facilitate that access”.

Source: property-investor-news.com

Author: 16 Feb 2021


How major US stock indexes fared Tuesday

How major US stock indexes fared Tuesday

Stocks ended a tentative day of trading with mixed results as gains for energy companies and banks were offset by losses in other sectors

Stocks ended a tentative day of trading with mixed results as gains for energy companies and banks were offset by losses in other sectors. The S&P 500 ended down less than 0.1% Tuesday, and the Nasdaq lost 0.3%. The Dow Jones Industrial Average managed to eke out another record high with a gain of 0.2%. Natural gas prices jumped 7.5% to their highest level since November as a wave of extremely cold weather hit large parts of the U.S. Treasury yields continued to climb, pushing the yield on the 10-year Treasury note up to 1.29%, the highest level in a year.

On Tuesday:

The S&P 500 fell 2.24 points, or less than 0.1%, to 3,932.59.

The Dow Jones Industrial Average rose 64.35 points, or 0.2%, to 31,522.75.

The Nasdaq fell 47.97 points, or 0.3%, to 14,047.50.

The Russell 2000 index of smaller companies fell 16.47 points, or 0.7%, to 2,272.89.

For the year:

The S&P 500 is up 176.52 points, or 4.7%.

The Dow is up 916.27 points, or 3%.

The Nasdaq is up 1,159.22 points, or 9%.

The Russell 2000 is up 298.04 points, or 15.1%.

ABC News

Source: abcnews.go.com

Author: ABC News


News by ABERDEEN JAPAN INVESTMENT TRUST PLC Company or code - between 17 November 2020 and 17 February 2021 Time period News explorer

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