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Partnerships With Major International Organizations Announced Ahead of the Inaugural Global Labor Market Conference in Riyadh

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  • Ministry of Human Resources and Social Development has established GLMC as the first and largest international platform of its kind
  • Knowledge Partnerships with the International Labor Organization and World Bank will provide key insights and benefits for all GLMC participants
  • ILO Director-General Gilbert Hongbo will participate as a Keynote Speaker
  • Participants will include over 150 experts from a cross-section of labor market stakeholders, contributing across 8 key GLMC tracks
  • GLMC is unprecedented in the cohesiveness of labor market stakeholders it is bringing together to discuss global challenges

RIYADH, Saudi Arabia, Nov. 20, 2023 /PRNewswire/ — The Ministry of Human Resources and Social Development (MHRSD) is announcing the International Labor Organization (ILO) and World Bank to be ‘Knowledge Partners’ for the Global Labor Market Conference (GLMC) which is taking place from 13-14 December in Riyadh, Saudi Arabia.

Knowing that global labor market challenges must be met with global solutions, the GLMC platform and participants stand to gain from expertise and knowledge exchange with the ILO and World Bank regarding labor market best practices.

ILO Secretary-General Gilbert F. Hongbo will be joining GLMC as a keynote speaker, where he will share his vision for global labor markets, while also identifying challenges these labor markets are expected to face. Also scheduled to participate from the ILO is Dr. Sukti Dasgupta. Dr. Dasgupta directs the ILO’s ‘Conditions of Work and Equality’ Department and has contributed prominently to the fields of employment and gender studies at their intersection with labor markets.

Both the ILO and World Bank are part of the United Nations ecosystem. With 187 member nations, the ILO works to determine global labor standards and reach common frameworks regarding labor rights, while the World Bank works to finance projects and programs in the developing world to alleviate poverty and provide opportunities for growth.

Secretary-General Hongbo and Dr. Dasgupta will appear among approximately 150 speakers and 2,000 participants from over 40 countries at the upcoming GLMC. The inaugural gathering, held under the ethos ‘Future in Progress,’ is the largest of its kind, and the first to bring together a complete cross-section of labor market stakeholders.

Speakers and participants from both the ILO and World Bank will contribute richly to GLMC by providing invaluable insights on the current conditions facing labor markets, and the future challenges they face. These insights will be spread across 8 key GLMC tracks: Global Labor Market Catalysts; Skills & Productivity Conundrums; Labor Market Makeovers; Work for All; AI Needs People?; Labor Market Re-Engineered; The Right Way to (De)Regulate; and The Future Proofed Organization.

For more information about the Global Labor Market Conference, please visit www.globallabormarketconference.com

About the Global Labor Market Conference:

The Global Labor Market Conference is a platform that aims to convene experts, specialists, and representatives of labor market stakeholders to engage in discussions about current and future international market challenges and propose innovative solutions to address them. Launched in Riyadh by the Ministry of Human Resources and Social Development of the Kingdom of Saudi Arabia, this annual conference seeks to establish a forum for the exchange of ideas, collaboration, and as a driving force for positive changes in labor practices on a global scale.

The event will gather Excellencies, the Ministers of Labor from G20 countries, leaders of pertinent international organizations, high-ranking officials, and figures from government and private sectors worldwide. It will also draw participation from major investors in both local and international private sectors. The conference’s primary focus will be on policies and best practices related to labor markets, while emphasizing the pivotal roles of employers and governments in shaping a harmonious and inclusive labor market.

In addition to the core conference program, which will delve into topics concerning the future of labor markets, the ongoing transformations in the world of work, and the influence of globalization, several ancillary activities will take place. These will include specialized workshops, diverse events, the signing of numerous memorandums of understanding and agreements, and the recognition of distinguished institutions and organizations within the labor market through the “Labor Award.”

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H.I.G. Capital Closes $1 Billion Bayside Loan Opportunity Fund VII

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MIAMI, Dec. 5, 2024 /PRNewswire/ — H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital (“H.I.G.” or the “Firm”), a leading global alternative investment firm with $66 billion of capital under management, is pleased to announce the final closing of H.I.G. Bayside Loan Opportunity Fund VII (the “Fund”). The Fund closed with $1 billion of aggregate capital commitments and continues the Firm’s successful strategy of investing in special situation credit opportunities in the European middle market.

Established in 2006, H.I.G. Bayside’s European strategy invests primarily in senior secured European stressed and special situations credit, targeting equity-like returns. The Fund’s disciplined approach to portfolio construction and deal selection has consistently resulted in higher returns and a lower level of volatility relative to comparable credit indices. The Fund’s predecessor, H.I.G. Bayside Loan Opportunity Fund V, was named “Best Performing Debt Fund” by Private Equity Wire/Bloomberg in 2022.1

Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-Executive Chairmen, commented: “H.I.G. is one of the largest and most active credit investors dedicated to the middle markets. The H.I.G. Bayside Europe team benefits from our highly synergistic platform across the U.S., European, and Latin American middle markets, as evidenced by the risk-adjusted returns the Firm has generated over multiple cycles.”

Andrew Scotland and Duncan Priston, H.I.G. Bayside Europe Fund Co-Heads, commented: “We are very pleased to have fresh capital to deploy into one of the most compelling market environments for special situations credit investing where a significant number of levered European businesses are facing challenges. Our team is well positioned to capitalize on the investment opportunities available.”

Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation, added, “We aim to provide limited partners with a full spectrum of investment opportunities across private equity, credit, and real assets in the middle market. Limited partner backing of the Fund demonstrates strong interest in the middle market and conviction in H.I.G.’s differentiated approach. We are thankful for the strong support the Fund received from a diverse and global investor base in North America, Europe, Asia, and the Middle East, including public and private sector pensions, endowments, foundations, asset managers, consultants, fund of funds, financial institutions, and family offices.”

1 H.I.G. Bayside Loan Opportunity Fund V was named “Best Performing Debt Fund Over $1.5B” by Private Equity Wire/Bloomberg in November 2022.

About Bayside Capital

Bayside Capital is the special situations affiliate of H.I.G. Capital. Focused on middle market companies, Bayside invests across several segments of the primary and secondary debt capital markets with an emphasis on long term returns. With eight offices throughout the U.S. and Europe and over 500 investment professionals to draw upon, Bayside has the experience, resources, and flexibility required to generate superior risk-adjusted returns. For more information, please refer to the Bayside website at bayside.com.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $66 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

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  • H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  • H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
  • H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  • H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and affiliates.

Contacts:
Jordan Peer Griffin
Executive Managing Director
[email protected]

Duncan Priston
Co-Head of Bayside Europe
[email protected] 

Andrew Scotland
Co-Head of Bayside Europe
[email protected] 

H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com

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SS&C to Present at Abu Dhabi Finance Week

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WINDSOR, Conn., Dec. 5, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of software and software-enabled services for the financial services and healthcare industries, today announced that Bill Stone, Chairman and CEO, will present at Abu Dhabi Finance Week. The event, which takes place on Al Maryah Island in Abu Dhabi Dec. 9-12, is expected to draw more than 18,000 finance professionals from more than 100 countries.

Bill Stone will join Aron Landy, CEO of Brevan Howard, and Leda Braga, CEO of Systematica Investments, on the “Inside the Hedge Fund Industry” panel on Dec. 10 at 10:40 a.m. Dan Murphy, CNBC anchor and correspondent, will moderate.

A recording of the panel will be made available by the organizers after the event.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.

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Vantage Markets celebrates Copy Trading success with viral video campaign, featuring duets by top influencers from India and Vietnam

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PORT VILA, Vanuatu, Dec. 5, 2024 /PRNewswire/ — In celebration of 15 years of empowering traders, Vantage Markets (“Vantage”) is thrilled to announce the resounding success of its latest copy trading video campaign, Join the Move, Mirror the Trade. The campaign, creatively blending dance and copy trading, has taken social media by storm with top influencers from India and Vietnam enthusiastically dueting with the video and amplifying its reach across the region.

With each influencer’s unique dance style syncing seamlessly with the video’s playful choreography, Join the Move, Mirror the Trade has achieved a widespread impact, inspiring a new wave of traders to explore the possibilities of copy trading. Featuring influencers such as Nguyen Pham from Vietnam and R Raj Sharma from India, the video campaign has created a vibrant, accessible way for new traders to learn about copy trading. This surge of influencer participation has helped Vantage spark a meaningful dialogue about financial empowerment, connecting with the next generation of traders in a fresh, dynamic way.

Join the Move, Mirror the Trade: Making Trading Accessible for All

At the heart of Vantage’s campaign is its Copy Trading feature, which allows users to mirror the strategies of experienced traders through an intuitive, user-friendly interface. This approach empowers new traders to build confidence and learn from seasoned experts in a simplified format – much like following dance moves in a duet. Through expanded multi-currency support, multi-account compatibility, and a low minimum deposit of $50, Vantage ensures that copy trading is within reach for traders of all levels.

Marc Despallieres, Chief Strategy and Trading Officer at Vantage Markets, commented, “Over the last 15 years, our commitment to trading excellence and innovation has only strengthened. The success of this campaign underscores our mission to empower and inspire the new generation of traders. Join the Move, Mirror the Trade truly captures the spirit of learning through connection, and we are thrilled to see how influencers and their audiences have embraced it.”

A Celebration of 15 Years of Innovation

This campaign marks an important milestone in Vantage’s 15-year journey of advancing financial inclusion and innovation in trading. Vantage’s vision of trading excellence continues to resonate globally, with this video campaign as a testament to its powerful, positive impact on a new generation of traders.

Watch the viral video and join the movement here.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

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With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

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