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Highbridge Capital Management Closes Convertible Dislocation Fund
NEW YORK, Dec. 2, 2020 /PRNewswire/ — Highbridge Capital Management, LLC (“Highbridge or the “Firm”), a wholly owned subsidiary of J.P. Morgan Asset Management, today announced the final closing of its Highbridge Convertible Dislocation Fund (the “Fund”), with total investable capital of more than $2 billion, including approximately $685 million in equity commitments.
In response to convertible market dislocations that commenced in March, the Fund was formed to invest in relative value and event driven convertible instruments with a focus on North America and Western Europe. This mandate is consistent with Highbridge's longstanding commitment to relative value alternative investment strategies. The Fund, which began investing in June 2020, is approximately 50% invested.
The Firm's focus on credit and volatility investment strategies provides a platform for consistent idea generation and investment opportunities. When appropriate, Highbridge may mobilize capital, utilizing opportunistic investment vehicles to capture market dislocation events. The Firm benefits from the larger J.P. Morgan Global Alternatives umbrella, a $145 billion platform spanning real estate, infrastructure, transportation, hedge funds, private equity, private credit and liquid alternatives.
“The convertible market dislocation that we observed earlier this year provided the Fund substantial capacity to take advantage of investment opportunities across North America and Western Europe,” said Jason Hempel, Co-CIO of Highbridge Capital Management. “While convertible market valuations have rebounded, primary market issuance, which now exceeds $100 billion in 2020, continues to be a source for new ideas and a driver of secondary market trading opportunities.”
Jonathan Segal, Co-CIO of Highbridge, said, “We believe that convertible debt will remain an attractive capital market solution for many borrowers due to the global rise in equity markets and the flexibility that convertible notes offer to management teams in a period of uncertainty. We look forward to continuing to pursue these investments on the Fund's behalf and we greatly appreciate the support of our investors and their commitment to the Fund during the COVID-19 pandemic.”
About Highbridge Capital Management
Founded in 1992, Highbridge Capital Management is a global alternative investment firm offering credit and volatility focused solutions across a range of liquidity and investment profiles, including hedge funds, drawdown vehicles and co-investments. The firm seeks to generate attractive risk-adjusted returns for sophisticated investors, which include financial institutions, public and corporate pension funds, sovereign wealth funds, endowments and family offices. Highbridge is headquartered in New York, with a research presence in London. Highbridge a wholly owned subsidiary of J.P. Morgan Asset Management
About J.P. Morgan Global Alternatives
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 50 years as an alternatives investment manager, $145 billion in assets under management and more than 600 professionals (as of June 30, 2020), we offer strategies across the alternative investment spectrum including real estate, private equity and credit, infrastructure, transportation, liquid alternatives, and hedge funds. Operating from offices throughout the Americas, Europe and Asia Pacific, our 15 independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client's specific objectives. For more information: jpmorganassetmanagement.com.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of USD 2.3 trillion (as of 30 September 2020), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
View original content:http://www.prnewswire.com/news-releases/highbridge-capital-management-closes-convertible-dislocation-fund-301183819.html
SOURCE J.P. Morgan Asset Management
News
HKGSEO Provides Free Website SEO Analysis and Consulting Services
HONG KONG SAR – Media OutReach – 5 January 2021 – The COVID-19 epidemic has lasted for nearly a year. The sharp fall in the street traffic has been affecting core shopping districts everywhere. In addition, under the “Anti-epidemic Fund”, the Innovation and Technology Commission (ITC) launched the ” Distance Business (D-Biz) Programme subsidy. Increasing number of large and medium-sized enterprises have turned to the online market, setting up websites and opening online shops, in an effort to open up online sales channels to recover some of their businesses during the epidemic.
As many companies are not familiar with website technology, website optimization and SEO promotion are often ignored. In fact, SEO is one of the highest ROI of many online marketing channels and it is worthy of a long-term investment.
HKGSEO has performed SEO for more than 500 enterprises, with the SEO process bringing considerable traffic and sales to the companies. Leveraging on their years of experience, they now provide free website analysis (worth HK$2,000) for all content types. Here are some website analysis projects HKGSEO has engaged in:
CMS Web Content Management System
We recommend using the most popular CMS in the market to build a website. Well-known CMS such as WordPress, Wix, Shopline, and Shopify will make it easier to manage web content and make the website easier to crawl and index by search engines.
HKGSEO hence cautions against web design companies that use their own CMS. Generally speaking, these websites are not SEO friendly. For example, they might have undesirable attributes such as duplicate page titles, dynamic URLs, or category pages that cannot update new content, etc. These attributes are disadvantageous to implementing SEO plans, which ultimately leads to the redesigning of the entire website, resulting in a much higher cost.
SSL Website Security Certificate
If your website does not have an SSL certificate (HTTPS) installed, it will be marked as an insecure website by the browser, which will adversely affect the credibility and conversion rate. SSL should be installed immediately to protect customer information, especially for e-commerce websites. There are some free SSLs available on the market, such as Let’s Encrypt, with paid premium certificates recommendation by online shops.
Mobile Version of The Website
The latest personal computer and Internet penetration survey published by the Census and Statistics Department shows that more than 5.97 million people in Hong Kong have mobile phones, and 99.7% of the users access the Internet on smartphones, higher than those connected to computers or other devices. Besides, Google has launched the Mobile-First Indexing mobile version of content priority indexing. If your website does not have a mobile version, the ranking will be poor and a lot of traffic will be lost.
Website Loading Speed
According to research, more than 68% of viewers will leave a website when it takes more than 3 seconds to open. The main reason for the slow loading is the use of shared hosting or non-local hosting. Switching to local hosting, SSD or CDN can effectively improve the loading speed.
Website Content
Is the website content of high quality? Does it answer the questions of potential consumers? To build up the content, some corporate websites have piled up keywords, and some have published blog articles regularly. However the content of the articles is sometimes plagiarized from news media. Plagiarism makes search engines recognize the overall website quality as low, which will in turn affect the ranking.
Websites and online shops are platforms that promote businesses. An optimized website will reward twice the results with half the effort of both online and offline marketing campaigns combined.
Please log onto www.hkgseo.com, fill in the website, email and contact number, and our network promotion experts will reply within one working day and arrange a free SEO analysis and consultation.
About HKGSEO
HKGSEO focuses on website SEO services. It is founded and operated by former Google employees. The company is based in Hong Kong and has branches in Shenzhen, Singapore and Australia. It is committed to providing affordable, one-stop digital marketing solutions for small and medium-sized enterprises. Digital marketing solutions include: SEO, SEM, social media promotion and web design, etc.
Website (Chinese)：www.hkgseo.com
Website (English)：www.hkgdigital.com
Email：[email protected]
News
SunMirror AG Plans CHF 70 Million Raise to Fuel Growth
| – Fresh capital to develop existing portfolio of mining assets and roll-up new ones – Renewed focus on tier-one jurisdictions, including its highly accretive Europe business |
SunMirror intends to carry out a capital increase in the volume of up to CHF 70,000,000 by issuing of up to 1,000,000 new shares at a price of CHF 70 per share. The new shares will be offered to select, institutional strategic investors for subscription in a private placement. SunMirror is already experiencing brisk demand from institutional investors. The company plans to use the funds from the capital increase to expand its portfolio and business activities in tier-one jurisdictions, such as Australia and highly accretive Europe. The capital increase, lead by Opus Capital Switzerland AG, is expected to be closed in February 2021 when the shares shall also be admitted to the regulated markets of the Dusseldorf Stock Exchange followed by inclusion into trading on the Frankfurt Stock Exchange and on Xetra. An introduction onto the London Stock Exchange is planned for the 2nd Quarter 2021.
Explanatory Part
The creation of new authorized capital in the nominal amount of CHF 837,500 to CHF 1,000,000 was approved at SunMirror’s Annual General Meeting, held in Zug on 29 December 2020. The creation of new conditional capital of CHF 837,500 to CHF 1,000,000 was also approved. In addition, the Company decided to carry-forward the Balance Sheet result for the fiscal year (1 January 2020 to 30 June 2020) in full.
Strong tailwind from high iron ore and gold prices as indicator for sustainable demand
Dr Heinz Rudolf Kubli, Director of SunMirror AG, recently commented: ‘Battery technology is expected to evolve from the current lithium-ion battery (LIB) to next-generation high-capacity LIBs, all solid-state batteries, and lithium metal-based batteries, resulting in improvements in energy density, safety, and battery lifespan, as well as reduction in cost. We currently own or are planning to acquire prized sites in Australia that shall be developed with the potential to help enable this transformation. In addition, we would like to see SunMirror expand its strategic metal and mineral portfolio in Europe to provide traceable metals for an increasingly sustainability driven European batteries market for electric vehicles and others powering next-gen consumer and industrial technology products. Together, these markets continue to grow significantly. The outlook for the future metals and minerals SunMirror is aiming to market remains very attractive; Meanwhile, iron-ore prices are trading at record-highs, and gold is climbing again.’
About SunMirror AG
SunMirror is a natural-resources holding company with a strategic focus around gold and other critical resources – those metals and minerals powering demand for next-generation sustainable technology. The company’s shares (ISIN CH0396131929) are listed on the electronic Stock Exchange Xetra in Vienna (ticker: ROR1) and on the Dusseldorf Stock Exchange. For more information please visit: www.sunmirror.com.
About Opus Group
Opus Capital Switzerland AG and Opus Capital Asset Management AG (‘Opus Group’) specializes in bringing-to-market tomorrow’s next-generation natural resources firms, today, by combining its strong industry expertise together with one of Switzerland’s leading independent financial services firms. For more information please visit: http://www.opus-capital.ch.
News
Samsung Electronics Appoints New President & CEO for Southeast Asia & Oceania
A Samsung veteran with over three decades of experience, Mr. Sangho Jo most recently led Samsung Electronics Europe and has returned to the Southeast Asia & Oceania region
A proven Samsung leader with over three decades of experience across business groups and geographies, Mr. Jo will steer the strategic growth directions of Samsung Electronics in Southeast Asia & Oceania.
Markets in Southeast Asia & Oceania are integral to Samsung Electronics’ long-term growth plans, with the region poised to sustain its rapid economic growth into the next decade, built on the digital ambitions of its cities, industries and communities. Mr. Jo will guide the business towards cementing its industry leadership and seizing long-term growth opportunities in this region by forging partnerships, creating operational excellence, and ultimately, building brand trust amongst consumers and enterprises.
He was most recently appointed President and CEO for Samsung Electronics in Europe, where he led the business to achieve sustainable commercial growth and brand favourability in 2020. In the past decade, Mr. Jo has served as President in the following markets: Samsung Electronics Germany (2019), United Kingdom (2015 — 2017), Sweden (2012 — 2014), Austria (2011), Baltic countries (2009 — 2010), and also served as Head of Visual Display business for Samsung Europe based in South Korea (2017 — 2018).
Mr. Jo is not new to the Southeast Asia & Oceania region, having worked in Samsung Electronics Singapore (1997), Vietnam (1998 — 2000) and Malaysia (2007 — 2008). He said: “I am pleased to return to Southeast Asia and Oceania, and lead one of the vibrant leading hubs for Samsung Electronics globally. I look forward to strengthening the strong relationships we have built with our partners and customers here and explore exciting new consumer and commercial partnerships, steering Samsung into the next stage of growth in the region.”
“In an era defined by rapid digital disruptions, we are committed to empowering the digital ambitions of nations, industries and communities in Southeast Asia and Oceania, and to help fulfil the potential of the people here through next-generation technologies,” he added.
About Samsung Electronics Co., Ltd.
Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, digital appliances, network systems, and memory, system LSI, foundry and LED solutions. For the latest news, please visit the Samsung Newsroom at http://news.samsung.com.
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