On Thursday, Shares of JPMorgan Chase & Co. (NYSE:JPM), gained 2.58% to $64.53.
J.P. Morgan Asset Management released its latest Investment Insights paper identifying current themes driving investment decisions for endowments and foundations in today’s volatile economic environment. Authored by Monica Issar, Global Head, J.P. Morgan Asset Administration Endowments & Foundations Group, and Anthony Werley, Chief Strategist, J.P. Morgan Asset Administration Endowments & Foundations Group, the paper – “Seeking direction in a volatile market” – highlights prevalent trends in nonprofit investment administration, in addition to areas of opportunity for investors. Key findings comprise:
- In a lower-return public equity environment, investors will need to shift from beta-oriented strategies to more intelligently sourced alpha in the public and private markets.
- Nonprofit organizations are managing multiple objectives in the face of industry pressures. Many nonprofits are increasingly focused on risk – counting pension liabilities, meeting target returns and managing short-term liquidity – with limited resources and are turning to planned partners to assist them navigate these challenges.
- Institutions are actively restructuring their risk administration, specifically in fixed income, toward more return-oriented strategies.
JPMorgan Chase & Co. provides various financial services worldwide. The company operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset Administration.
Shares of Encana Corporation (NYSE:ECA), inclined 9.42% to $6.85, during its last trading session.
GeoSouthern Haynesville and GSO Capital Partners LP declared a definitive agreement to acquire from indirect, wholly-owned auxiliaries of Encana Corporation (NYSE: ECA) its Haynesville Shale assets for $850 million, subject to customary adjustments and the assumption of certain liabilities. The properties, which are located primarily in DeSoto and Red River Parishes, Louisiana, contain about 112,000 net acres and 300 operated wells in the most prolific area of the Haynesville Shale. The assets are being purchased by GEP Haynesville, LLC, a joint venture of GeoSouthern and GSO.
GeoSouthern intends to remain opportunistic and continue its entrepreneurial approach to new energy assets. With no debt outstanding at closing, aside from an undrawn revolver, the company’s strong balance sheet and liquidity position enable the funding of growth investments and anticipated capital expenditures. In connection with the transaction, GSO will receive preferred equity interests and a 10 percent common equity stake in the joint venture entity.
GeoSouthern was advised by Jefferies LLC, Kirkland & Ellis and Thompson & Knight.
GeoSouthern Haynesville, LP is a joint venture formed by principles of GeoSouthern Energy Corporation and GeoSouthern Energy Partners, LP. GeoSouthern Energy Corporation was formed in 1981 by Mr. George Bishop and is a privately held exploration and production company based in the Woodlands, Texas.
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
Finally, Fairmount Santrol Holdings Inc. (NYSE:FMSA), ended its last trade with 7.39% surge, and closed at $4.65.
Fairmount Santrol Holdings declared it will take part in the 2015 Barclay’s CEO Energy-Power Conference in New York, NY, with a presentation on Thursday, September 10, at 11:05 a.m. Jenniffer Deckard, Chief Executive Officer, and Chris Nagel, Chief Financial Officer, will take part in the session.
Fairmount Santrol Holdings Inc., together with its auxiliaries, provides sand-based proppant solutions for exploration and production companies to enhance the productivity of their oil and gas wells.
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