Margret Hardardottir joins Argosy Real Estate Partners as senior VP of investor relations by Kali Persall | Jul 12, 2024 Argosy Real Estate Partners (AREP) has announced the addition of Margret Hardardottir as senior vice president of investor relations, based in San Francisco.
Citizens Financial Group names new head of wealth management by Released | Jul 11, 2024 Citizens Financial Group has announced that Paul Casey will join the bank as head of wealth management, effective July 9. In this role, he will focus on accelerating Citizens’ strong and growing momentum in wealth, an increasingly critical component of the bank’s strategy following the launch of Citizens Private Bank in the fall of 2023.
Coldstream Capital combines with Arnerich Massena by Lewis Dayton | Jul 11, 2024 Coldstream Capital Management has combined with Arnerich Massena, a Portland, Ore.–based investment advisory firm managing approximately $2 billion in client assets.
Benjamin F. Edwards opens 96th location with its third branch in Colorado by Released | Jul 11, 2024 St. Louis–based financial services firm Benjamin F. Edwards recently opened its 96th location, in Colorado Springs. The new branch welcomes two new advisers, Frank Djonbalaj, CRPC and George Lee. Collectively, they bring over an amazing 53 years of experience in the financial service industry.
Inflation falls in June, sets stage for rate cut in September by Loretta Clodfelter | Jul 11, 2024 The Consumer Price Index declined by 0.1 percent in June, according to the U.S. Bureau of Labor Statistics, and has risen 3.0 percent in the past 12 months. In May, the CPI was unchanged from the previous month. The CPI for all items less food and energy rose 0.1 percent in July and is up 3.3 percent in the past 12 months.
H.I.G. Capital locks in $1.3b for Europe Realty Fund III, surpasses target by Kali Persall | Jul 11, 2024 H.I.G. Capital, a global alternative investment firm with $64 billion of capital under management, has announced the final close of H.I.G. Europe Realty Partners III. The fund closed with aggregate capital commitments of approximately $1.3 billion, including separately managed accounts that co-invest alongside the fund. This significantly surpassed the predecessor’s fund size.
Iron Road appoints head of new registered investment company consulting line by Released | Jul 10, 2024 Iron Road Partners, a leading regulatory consulting firm serving the investment management industry, has announced that it has launched a new service line focused on registered investment companies, including business development companies, closed-end funds and open-end funds. Jamie Peterson, formerly Wellington Management’s Americas chief compliance officer, was appointed to lead the effort, effective July 1.
Clear Investment Group closes Clear Opportunities Fund I with $83m by Released | Jul 10, 2024 Clear Investment Group, a multifamily real estate investment firm, announced the final close of Clear Opportunities Fund I (COF I), with more than $83 million in capital raised. With a broad range of investors, including strategic partnerships with a leading Chicago-based alternative asset manager, two prominent state pension funds, as well as several RIAs and family office investors, COF I is poised to close with a seasoned group of common unit holders.
Centerspace appoints Jay Rosenberg to its board of trustees by Released | Jul 10, 2024 Centerspace has announced the appointment of Jay Rosenberg to its board of trustees. Rosenberg also will serve on Centerspace's Nominating and Corporate Governance Committee.
SAFStor launches SAFHarbor Opportunity Fund by Released | Jul 10, 2024 SAFStor, one of the nation’s largest developers of class-A self-storage, has announced the launch of its latest Regulation D 506(c) offering, SAFHarbor Opportunity Fund, LLC. The company intends to raise $23 million from accredited investors for the development of three self-storage facilities in strategic locations across the United States.
