After a positive start to the year, hedge funds appear uncertain which direction crude oil prices will go amid fears over the crisis in Venezuela and the OPEC cutting production. Hedge fund managers increased their long positions on crude by 15 million barrels, but short positions grew by a similar volume to reach 13 million barrels in the week ending Feb. 5, according to ICE Futures Europe data.
European Securities and Markets Authority Chairman Steven Maijoor says a no-deal Brexit could result in alteration of some thresholds under the revised Markets in Financial Instruments Directive.
Moody's has introduced the Real Estate Information Services Network, which focuses on data for commercial real estate transactions. The platform includes a cloud-based valuation and cash-flow-modeling modeling platform as well as a search engine that scours connected databases.
Nontraded REITs reported $395.1 million in capital raise last month, according to figures disclosed to Blue Vault. Blackstone REIT and Griffin-American Healthcare REIT IV led in capital raise during January with totals of $236.7 million and $35.8 million, respectively.
Jones Lang LaSalle Income Property Trust said it likely will make a $107 million gain on the sale of a San Francisco multitenant office property. The building was sold for $227 million, not counting closing costs.
Hines is working with the Cresset-Diversified QOZ Fund, which focuses on opportunity zones, on the development of a Houston residential building with street-level retail. In addition, Hines Global REIT has sold a Class A office building in San Francisco for about $342.5 million.
TriLinc Global has introduced TriLinc Global Impact Fund II, a developing-economy private-debt fund with a $300 million fundraising target. The fund, which has a $150,000 minimum investment, will make loans to private growth-stage companies.
Graphic Packaging Holding said in a securities filing that it will transfer the liabilities for some of its pension plan participants to a group annuity purchased from an insurance company. Before purchasing the group annuity, the company said it will offer certain plan participants a lump-sum distribution option.
Sixty-nine percent of Americans said they believe they will be better off financially in a year's time, according to a Gallup poll. This level of optimism represents a 16-year high and is just shy of the all-time high registered by the poll in March 1998.
Firms with an interest in serving smaller clients must find a way to do so "without undermining the financial stability of their businesses," writes consultant Angie Herbers. The key to this, Herbers notes, is to not give less-affluent clients more service than they need.