On Friday, Shares of Morgan Stanley (NYSE:MS), lost -5.42% to $34.21.
Morgan Stanley Real Estate Investing (MSREI) declared that it has raised aggregate commitments of about $1.7 billion for North Haven Real Estate Fund VIII Global (G8) and related co-investment vehicles.
“MSREI delivers an exceptional combination of industry expertise, local market presence and global perspective, and the success of this capital raise reflects how our clients have recognized and responded to these strengths,” said Ed Moriarty, Head of Merchant Banking & Real Estate Investing (MB&REI). “As part of the MB&REI platform, the Real Estate Investing team has access to Morgan Stanley’s global network in addition to deep resources dedicated to providing best-in-class operations, reporting and risk administration.”
“G8’s flexible, global mandate allows us to look across all of our markets and select those opportunities which we believe offer the best risk-adjusted returns,” said Olivier de Poulpiquet, Co-Chief Executive Officer and Co-Chief Investment Officer for MSREI. “The G8 investment program is well underway, with transactions already closed in the U.S., UK, Austria, Japan and Australia.”
“Our partners in G8 are a sophisticated group of public and private pension funds, sovereign wealth funds, insurance companies, family offices and individuals from around the world,” said John Klopp, Co-Chief Executive Officer and Co-Chief Investment Officer for MSREI. “We will apply the same philosophy and patient, disciplined approach to investing their capital that we do across all of our strategies.”
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The companys Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
Shares of American International Group, Inc. (NYSE:AIG), declined -3.21% to $59.73, during its last trading session.
Lexington Insurance, a division of American International Group, Inc. (AIG), and the largest excess and surplus carrier in the U.S., celebrated the 50th anniversary of its incorporation by hosting a day of giving back at its Boston headquarters.
About 250 employees take partd by volunteering at one of three charities, counting Stop Hunger Now, for which employees packaged about 40,000 meals for those in need overseas. Lexington employees also assisted clean and maintain a local park in Boston and assembled back-to-school kits for children as volunteers for The Esplanade Association and Cradles to Crayon, respectively.
“For 50 years, Lexington has built its reputation on a foundation of serving our customers, a commitment to long-term relationships in the market, and as important, giving back to the community,” says Jeremy Johnson, President and Chief Executive Officer, Lexington Insurance. “We’re very much part of AIG’s tradition of serving our customers and the communities where we operate.”
As a company, AIG last year saw a 76 percent enhance in volunteer hours served during its Global Volunteer Weeks. Employees from 46 countries take partd in 324 community service projects, volunteering more than 23,500 hours of their time.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.
Finally, The Bank of New York Mellon Corporation (NYSE:BK), ended its last trade with -3.15% loss, and closed at $41.45.
The Bank of New York Mellon Corporation will feature Steve Forbes, chairman and editor-in-chief of Forbes Media, as the keynote speaker at its annual ETF symposium. The symposium for exchange-traded funds is planned for October 20 to October 22 at the St. Regis Monarch Beach Hotel in Dana Point, CA.
Forbes’ topic for the event will be Navigating the Economy for Business Growth and Success.
The symposium will focus on important issues in the ETF marketplace counting the emergence of non-transparent active ETFs, the validity of fixed income ETFs, market liquidity and the impact of new regulations.
Among the industry thought leaders planned to present at the event are Deborah Fhur, co-founder of ETFGI, and Kathleen Moriarity, partner of Kaye Scholer.
This is the fourth year of the symposium, which highlights best practices and strategies for registered investment advisors, sponsors, investors and other participants in the ETF Industry.
The Bank of New York Mellon Corporation, an investment company, provides financial products and services to institutions, corporations, and high net worth individuals in the United States and internationally. It operates through two segments, Investment Administration and Investment Services.
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