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Allspring Global Investments Launches Global Income UCITS Fund
LONDON, Oct. 28, 2024 /PRNewswire/ — Allspring Global Investments (Allspring), a global asset management company with US$590 billion* under advisement, is delighted to announce the launch of the Allspring (Lux) Worldwide Fund – Global Income Fund, a UCITS addition to its existing 17-strong Luxembourg range.
Allspring is a leading provider of active fixed income solutions and is making this multi-sector fixed income fund available to meet increased demand for this strategy from investors across the UK, continental Europe and Asia.
The Allspring Global Income Fund will be managed by Janet Rilling, Noah Wise, Christopher Kauffman, Michael Schueller, Michal Stanczyk and Sarah Harrison. The team provides investors with deep sector expertise, with an average of 23 years of professional investment experience and US$25 billion under advisement.
The new fund is based on Allspring’s proven Income Plus strategy, previously available exclusively to institutional investors and as a US mutual fund.
The investment approach is to target attractive income and total return by dynamically allocating capital throughout the global fixed income universe. The strategy is unconstrained in nature and has the flexibility to invest across government, securitised, investment grade, high yield and emerging market debt markets. This fund is designated as SFDR Article 8 and promotes environmental and/or social characteristics but does not have a sustainable investment objective.
The fund is registered for distribution in Luxembourg and UK and intends to be registered in Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Hong Kong, Singapore and South Korea.
Andy Sowerby, head of the International Client Group at Allspring, commented, “This is a timely and important launch as we continue to broaden Allspring’s UCITS range to meet the needs of our global clients. We are a leading provider of fixed income solutions and see the creation of the Allspring Global Income Fund as being a flagship offering that can help our clients navigate the complex and fast-moving fixed income markets.”
Sarah Harrison, senior portfolio manager, said “We allocate strategically to a wide variety of fixed income securities, aiming to deliver alpha from security and sector allocation, as well as duration and curve positioning. This proven approach has delivered attractive levels of income and contributed to the long-term success of this strategy. We are excited to now bring this capability to the global market via the Allspring Global Income Fund”.
Noah Wise, senior portfolio manager at Allspring, added, “The addition of this fund to our range reflects the investor confidence in our expertise in global fixed income markets. As dedicated sector specialists, we will use a specialist model for robust portfolio construction and employ comprehensive risk control to help achieve consistent alpha generation for our clients.”
About Allspring Global Investments
Allspring Global Investments™ is an independent asset management company with more than US$590 billion in assets under advisement*, over 20 offices globally and investment teams supported by more than 400 investment professionals. Allspring is committed to thoughtful investing, purposeful planning and inspiring a new era of investing that pursues both financial returns and positive outcomes. For more information, please visit www.allspringglobal.com.
*As of 30 September 2024. Figures include discretionary and non-discretionary assets.
This information is a Marketing Communication, unless stated otherwise, for professional clients (or equivalent). Not for retail use. THIS MATERIAL IS NOT AN OFFER OR SOLICITATION IN ANY JURISDICTION OR TO ANY PERSON WHERE UNAUTHORISED OR UNLAWFUL. Investment risks: your capital may be at risk. Past performance is not a guarantee or reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations. The value, price or income of investments or financial instruments can fall as well as rise. You may not get back the amount originally invested.
Allspring Global Investments™ is the trade name for the asset management companies of Allspring Global Investments Holdings, LLC. These companies include Allspring Global Investments (UK) Limited (Allspring UK), an investment management company authorised and regulated by the UK Financial Conduct Authority, and Allspring Global Investments Luxembourg S.A., authorised and regulated by the Commission de Surveillance du Secteur Financier. Allspring Luxembourg has branches in Frankfurt, Paris and Milan and is allowed to provide services on a cross-border basis in the EEA. For the purposes of Section 21 of the Financial Services and Markets Act 2000, material that is approved for UK distribution is approved by Allspring UK.
© 2024 Allspring Global Investments Holdings, LLC. All rights reserved.
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View original content:https://www.prnewswire.co.uk/news-releases/allspring-global-investments-launches-global-income-ucits-fund-302287848.html
Fintech PR
Cost-Effective Solutions: How Online Bookkeeping is Revolutionizing Florida’s Small Businesses
MIAMI, Jan. 8, 2025 /PRNewswire/ — The U.S. accounting services industry, including bookkeeping, is experiencing significant growth, projected to reach over $1 trillion by 2026. This surge reflects the rising demand for innovative financial management solutions, with online bookkeeping emerging as a leading choice for small businesses in Florida.
Online bookkeeping services are meeting this demand by offering cost-effective, efficient, and secure alternatives to traditional financial management. With cloud-based software, businesses can automate processes and access financial data anytime, anywhere, enabling faster, more informed decision-making that boosts both efficiency and productivity.
Schedule 30-minute free consultation to streamline your Florida business’s bookkeeping- https://www.ibntech.com/free-consultation/?pr=prnewswire
“One of the key challenges for small businesses has always been managing finances without overstretching their resources,” says Ajay Mehta, CEO of IBN Technologies. Online bookkeeping solutions provide an efficient, accurate, and cost-effective way to simplify financial management for businesses.
A standout benefit of online bookkeeping is its affordability. Small businesses can significantly reduce costs by eliminating the need for in-house staff and expensive software. Instead, they only pay for the services they need, freeing up resources for critical investments like marketing and growth.
Beyond cost savings, online bookkeeping services enhances accuracy and security. Advanced encryption technology and automated workflows minimize human error and protect sensitive financial data. Small business owners can rest assured knowing their financial records are accurate and secure, enabling them to focus on scaling their operations.
“Financial technology is no longer just about convenience—it’s about empowering businesses to make smarter, data-driven decisions,” added Ajay Mehta, CEO of IBN Technologies. “By adopting online bookkeeping, Florida’s small businesses can position themselves for long-term success in an increasingly competitive market.”
As Florida’s small businesses navigate a competitive landscape, embracing online bookkeeping is no longer just an option—it’s a necessity. Solution providers like IBN Technologies are at the forefront of this transformation, offering tailored, reliable, and cost-effective online bookkeeping services that empower small businesses to simplify financial management and achieve sustainable growth. By partnering with IBN Technologies, businesses gain access to innovative tools and expertise that help them stay ahead in today’s dynamic market.
Therefore, online bookkeeping is changing the game for Florida’s small businesses, delivering cost-effective and secure financial management solutions. By adopting these innovative tools and partnering with trusted providers like IBN Technologies, businesses are empowered to operate more efficiently, allocate resources strategically, and focus on what matters most—driving growth and success.
About IBN Technologies
IBN Technologies LLC, an outsourcing specialist with 25 years of experience, serves clients across the United States, United Kingdom, Middle East, and India. Renowned for its expertise in RPA, Intelligent process automation includes AP Automation services like P2P, Q2C, and Record-to-Report. IBN Technologies provides solutions compliant with ISO 9001:2015, 27001:2022, CMMI-5, and GDPR standards. The company has established itself as a leading provider of IT, KPO, and BPO outsourcing services in finance and accounting, including CPAs, hedge funds, alternative investments, banking, travel, human resources, and retail industries. It offers customized solutions that drive efficiency and growth.
Contact Details:
Pradip
[email protected]
+1 – 844 – 644 – 8440
USA:
IBN Technologies LLC
66 West Flagler Street Suite 900 Miami, FL 33130
India: Global Delivery Centre
IBN Technologies Limited
Kohinoor House, 2nd floor,
691/A/1B, Plot no. 7,
Bibwewadi Road, Pune-411037
View original content:https://www.prnewswire.co.uk/news-releases/cost-effective-solutions-how-online-bookkeeping-is-revolutionizing-floridas-small-businesses-302346004.html
Fintech PR
Davidson Kempner and Afendis complete acquisition of YSCO, advancing Glacier’s ambitions in European ice cream market
LONDON, Jan. 8, 2025 /PRNewswire/ — Davidson Kempner Capital Management LP (“Davidson Kempner“), a global investment management firm, supported by operating partner Afendis Capital Management (“Afendis”), has completed the acquisition (the “Transaction”) of ice cream producer YSCO through its ice cream investments platform, Glacier. Financial terms of the transaction were not disclosed.
The acquisition is transformational for Glacier’s ambitions to grow in the global ice cream industry, with YSCO joining Gelato d’Italia which was acquired in 2022. Gelato d’Italia is a leading independent ice cream producer with two sites in Italy and a key innovation and manufacturing partner for ice cream brand owners and retailers worldwide.
Bringing Gelato d’Italia together with YSCO will create one of the largest third-party ice cream manufacturers globally with revenues in excess of €600 million. Aligned in their commitments to innovation, efficiency and customer satisfaction, the companies are highly complementary in operations and ethos.
YSCO works closely with almost all the mainstream European retailers for the co-creation and production of their home-brand ice cream products. YSCO has production capabilities in Belgium and France and distributes up to 200 million liters of ice cream per year, predominately within the European market.
Glacier aims to leverage its scale to become a key partner to ice cream brand owners worldwide, aided by its commitment to delivering the fastest ideation-to-launch for new products.
Working with these international brand owners, Glacier is targeting international expansion and becoming the third-party ice cream manufacturer of choice.
Bert Van Nieuwenborgh, CEO of YSCO, said:
“This acquisition represents an exciting opportunity for YSCO to accelerate our growth as part of Glacier’s ambitious vision. As Europe’s second-largest private label ice cream producer, our expertise in large batch production and strong retailer relationships perfectly complement Glacier’s innovative approach. Together, we are well-positioned to lead the way in a rapidly growing and evolving market, delivering exceptional value to our partners and customers.”
Cem Karakaş, Chairperson of Glacier and Partner at Afendis, said:
“Glacier is perfectly positioned to capitalize on strong growth in the fragmented European third-party ice cream sector. By building on the success of Gelato d’Italia and leveraging YSCO’s scale and expertise in long-run production of large batch products, Glacier is well-placed to be a leading player in Europe. This acquisition will be the launchpad for further expansion across the globe.”
About Davidson Kempner Capital Management LP
Davidson Kempner Capital Management LP is a global investment management firm with over 40 years of experience and a focus on fundamental investing with a multi-strategy approach. Davidson Kempner has approximately $37 billion in assets under management and over 500 employees across seven offices: New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai. Additional information is available at: www.davidsonkempner.com.
About Afendis Capital Management
Afendis Capital Management is a specialist investor and investment manager of food and pharmaceutical businesses.
About Glacier
Glacier is a global ice cream investments platform backed by Davidson Kempner Capital Management and Afendis Capital Management. It unites leading producers like YSCO and Gelato d’Italia, creating one of the world’s largest third-party manufacturers with revenues over €600 million. Glacier specializes in innovation, efficiency, and rapid ideation-to-launch, partnering with brand owners and retailers worldwide to drive growth and set new industry standards.
Contact details:
Davidson Kempner Capital Management LP
[email protected]
Afendis Capital Management
Matthew Frost
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/davidson-kempner-and-afendis-complete-acquisition-of-ysco-advancing-glaciers-ambitions-in-european-ice-cream-market-302345953.html
Fintech PR
DAR GLOBAL LAUNCHES OVER US$1.9 BILLION IN GLOBAL LUXURY REAL ESTATE PROJECTS IN 2024, SETS SIGHTS ON EXPANSION INTO US IN 2025
LONDON, Jan. 8, 2025 /PRNewswire/ — Recording a milestone year, Dar Global, the London-listed luxury real estate developer, is pleased to announce that it unveiled ten landmark projects in 2024, spanning Saudi Arabia, the UAE, Qatar, Oman, and Spain, with a combined value exceeding US$1.9 billion. These unique developments not only strengthen Dar Global’s position as a leader in redefining the global luxury real estate landscape but also present projects that have high investment potential.
Dar Global’s latest launches highlight its continued partnership with the Trump Organization, including the Trump Jeddah Tower (US$530 million), which is set to become one of Jeddah’s tallest landmarks with luxury apartments and an exclusive members-only club. In Riyadh’s area next to Expo 2030, Neptune by Mouawad (US$230 million) offers 200 premium villas. In the UAE, The Astera (US$238 million) features Aston Martin-designed interiors on Al Marjan Island, including the exclusive Sky Villa (US$11 million) part of its exclusive 1 of 1 portfolio. In Spain, Marea Interiors by Missoni (US$108 million) introduces a gated community in Finca Cortesin, blending luxury living with Missoni’s iconic design.
Qatar’s The Weekend 2 by Elie Saab (US$75 million), located on Qetifan Island North, blends luxury living with premier recreational amenities. In Oman, the portfolio includes The Great Escape 2 (US$70 million), a residential complex in Aida, Muscat, as well as the Marriott Residences (US$100 million), exclusive beachfront properties in Aida, and the Trump International Hotel & Trump Cliff Villas (US$495 million), a premium mixed-use development spanning 3.5 million square meters. Additionally, the Trump Golf Villas (US$40 million), perched 130 meters above the Muscat Riviera, offer spectacular views and luxury living.
Ziad El Chaar, CEO of Dar Global, said: “Last year’s launches highlight our unwavering commitment to delivering world-class luxury properties in some of the most sought-after destinations. These projects reflect our ability to anticipate and meet the evolving demands of global investors, offering unmatched lifestyle and investment opportunities. As we look ahead, we are focused on further strengthening our global footprint.
Building on its momentum, Dar Global is gearing up for US expansion, with plans to invest in key international cities. The Company aims to partner with top-tier developers to create luxury residences, targeting both US and international buyers.
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View original content:https://www.prnewswire.co.uk/news-releases/dar-global-launches-over-us1-9-billion-in-global-luxury-real-estate-projects-in-2024–sets-sights-on-expansion-into-us-in-2025–302345950.html
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