Permal Group and Entrust Capital Have Been Acquired by Legg Mason

EnTrust and Permal are headed for a joint venture to create one of the largest global alternative asset management firms in the world. The new company which will be referred to as EnTrustPermal and will have total assets worth $29 billion and Pro-forma AUM of over $26 billion. Entrust is current the leading alternative asset manager and hedge fund investor that has its headquarters located in New York. The company has total assets, investor base, business mix and complementary investment strategies amounting to $12 billion to Permal. EnTrust offers a diverse management of investment products which involves high net worth investors and a significant number of institutions. Permal Group is a hedge funds manager which deals with private equity funds products for international investors. Started in 1973, it is now one of the oldest hedge funds firm currently managing approximately $22 billion in Assets. The primary clients of the company include private banks pension funds, sovereign wealth funds, foundations, endowments, insurance companies, high-net-worth individuals, and family offices. The combination of EnTrust and Permal will make Legg Mason the owner of 65% of the new entity and 35% being owned by Entrust’s Co-founder and managing partner, Gregg S. Hymowitz. He will also be the chairman and chief executive officer of EntrustPermal. Both firms have agreed to retain business and investment professionals to serve the investors of the newly formed organization. Also, keeping the professionals will create a platform for the necessary leadership and scale team to expand significantly the new company and utilize the multi-alternative offerings and capabilities. This is not the first deal Legg Mason has scored in 2016,...

How to Refurbish Homes In San Diego

Refurbishing a home can be challenging but if the refurbishing is done with care and skill the end product will be a home that the owner will be proud to live in or will have no problem selling for a profit. Whatever the reason an owner may have in refurbishing a home, the main point to keep in mind is that the process does not need to be complicated or expensive. An owner also has the option of completing the renovations on his own or engaging a realty company that will complete the renovations as well as market and sale the home as well. An example of such a company or a realty team is “Renovation Reality” located in San Diego, California as well as Coastal Premier Properties, Catherine and Jason Barry of Barry Estates, Inc. and Than Merrill of FortuneBuilders just to name a few. The advantage of using a company such as “Renovation Reality” is that all of the renovation work as well as the marketing of the property for resale is done by the realty company. The disadvantages are that the profit margins are very narrowed for the owner as the owner will need to bear the costs of the renovations with a third party and the home’s final resale price will also have to be shared with a third party. If the owner wishes to save on refurbishing costs during a refurbishing project, the owner can take a few steps to keep more money in his or her pocket by completing the following tasks on their own. 1. Strip old wall paper and repaint. 2....

Peyton Manning addresses retirement, HGH allegations

From Yahoo Sports: Despite the chatter, Peyton Manning insists he has not made a decision about his future. The Denver Broncos’ quarterback was asked point blank at Super Bowl Opening Night if he plans to retire after Super Bowl 50, but he told NFL Network’s Marshall Faulk that he hasn’t decided and is focused on Sunday’s game against the Carolina Panthers. “I don’t know the answer to that,” Manning said to Faulk’s question. “I think one thing I’ve done well all season and the team has done well all season is stay in the moment and focus on the task at hand.” Manning later told reporters he didn’t “see himself knowing” about retirement until after the season. See the video...

Hawks’ Al Horford expanding his game as free agency looms

From Yahoo Sports: The NBA’s star-studded free-agent class this summer could include LeBron James and Kevin Durant, yet Atlanta Hawksbig man Al Horford is confident he won’t get lost in the crowd. The nine-year veteran has had a solid career, averaging 14.3 points and nine rebounds per game. Yet he hasn’t stopped expanding his game. “The NBA game is changing a lot,” Horford, 29, told Yahoo Sports. “I know everyone always says that, but especially these past three seasons I feel like it changed even more. For me, I’m in the process of re-changing some aspects of my game to fit this new mold. It’s kind of forcing me to do some things that I haven’t done in the past. “As you probably have seen, I’m shooting more from 3-point range. I’m making sure I penetrate more to the basket. Little things you need to be able to do in the new NBA.” Horford is averaging 15.2 points, seven rebounds and three assists through 49 games this season and is taking a career-high three 3-pointers per game. He’s shooting a respectable 33.1 percent from long distance, hitting 48 of 145 attempts after making a career-high 11 3-pointers last year. Horford, a three-time All-Star, is making $12 million in the final year of his contract and will be an unrestricted free agent this offseason. Atlanta can offer Horford a maximum five-year, $146 million contract, which Horford is seeking, a source told Yahoo Sports. Read the full story...