DOCSLIB.ORG

Flexshares Annual Report, for the Year for Tools to Help Manage That Volatility Have Been in Greater Ended October 31, 2020, Details Fund Characteristics, Per- Focus

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Flexshares Annual Report, for the Year for Tools to Help Manage That Volatility Have Been in Greater Ended October 31, 2020, Details Fund Characteristics, Per- Focus FlexShares® Trust Annual Report October 31, 2020 Beginning on January 1, 2021, as permitted by regulations adopted by the Securities and Exchange Commission, paper copies of FlexShares® Trust’s shareholder reports like this one will no longer be sent by mail, unless you specifically request paper copies of the reports from FlexShares® Trust or your financial intermediary, such as a broker-dealer or bank. Instead, the reports will be made available on FlexShares® Trust’s website (www.flexshares.com) and you will be notified by mail each time a report is posted and provided with a website link to access the report. If you have already elected to receive your shareholder reports electronically, you will not be affected by this change and you need not take any action. You may elect to receive shareholder reports and other communications from FlexShares® Trust electronically at any time by contacting your financial intermediary. You may elect to receive all future reports in paper free of charge. Please contact your financial intermediary to continue receiving paper copies of your shareholder reports. Your election to receive reports in paper will apply to all funds in Flex- Shares® Trust that you hold in your account at the financial intermediary. You must provide separate instructions to each of your financial intermediaries. Table of Contents Letter to Shareholders .................................................................................................... 2 Management’s Discussion of Fund Performance ...................................................... 3 FlexShares® US Quality Low Volatility Index Fund ............................................. 3 FlexShares® Developed Markets ex-US Quality Low Volatility Index Fund ..... 5 FlexShares® Emerging Markets Quality Low Volatility Index Fund ................... 7 FlexShares® Morningstar US Market Factor Tilt Index Fund.............................. 9 FlexShares® Morningstar Developed Markets ex-US Factor Tilt Index Fund... 11 FlexShares® Morningstar Emerging Markets Factor Tilt Index Fund................. 13 FlexShares® Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund...................................................................................................................... 15 FlexShares® Currency Hedged Morningstar EM Factor Tilt Index Fund .......... 17 FlexShares® US Quality Large Cap Index Fund.................................................. 19 FlexShares® STOXX® US ESG Impact Index Fund.............................................. 21 FlexShares® STOXX® Global ESG Impact Index Fund....................................... 23 FlexShares® Morningstar Global Upstream Natural Resources Index Fund.... 25 FlexShares® STOXX® Global Broad Infrastructure Index Fund ......................... 27 FlexShares® Global Quality Real Estate Index Fund .......................................... 29 FlexShares® Real Assets Allocation Index Fund .................................................. 31 FlexShares® Quality Dividend Index Fund........................................................... 33 FlexShares® Quality Dividend Defensive Index Fund......................................... 35 FlexShares® Quality Dividend Dynamic Index Fund........................................... 37 FlexShares® International Quality Dividend Index Fund .................................... 39 FlexShares® International Quality Dividend Defensive Index Fund .................. 41 FlexShares® International Quality Dividend Dynamic Index Fund.................... 43 FlexShares® iBoxx 3-Year Target Duration TIPS Index Fund.............................. 45 FlexShares® iBoxx 5-Year Target Duration TIPS Index Fund.............................. 47 FlexShares® Disciplined Duration MBS Index Fund............................................ 49 FlexShares® Credit-Scored US Corporate Bond Index Fund ............................. 51 FlexShares® Credit-Scored US Long Corporate Bond Index Fund.................... 53 FlexShares® High Yield Value-Scored Bond Index Fund.................................... 55 FlexShares® Ready Access Variable Income Fund ............................................. 57 FlexShares® Core Select Bond Fund..................................................................... 59 Statements of Assets and Liabilities.............................................................................. 62 Statements of Operations.............................................................................................. 70 Statements of Changes in Net Assets .......................................................................... 78 Financial Highlights......................................................................................................... 94 Schedules of Investments............................................................................................... 122 FlexShares® US Quality Low Volatility Index Fund ............................................. 122 FlexShares® Developed Markets ex-US Quality Low Volatility Index Fund ..... 126 FlexShares® Emerging Markets Quality Low Volatility Index Fund ................... 132 FlexShares® Morningstar US Market Factor Tilt Index Fund.............................. 137 FlexShares® Morningstar Developed Markets ex-US Factor Tilt Index Fund... 172 FlexShares® Morningstar Emerging Markets Factor Tilt Index Fund................. 214 FlexShares® Currency Hedged Morningstar DM ex-US Factor Tilt Index Fund...................................................................................................................... 253 FlexShares® Currency Hedged Morningstar EM Factor Tilt Index Fund .......... 255 FlexShares® US Quality Large Cap Index Fund.................................................. 257 FlexShares® STOXX® US ESG Impact Index Fund.............................................. 261 FlexShares® STOXX® Global ESG Impact Index Fund....................................... 267 FlexShares® Morningstar Global Upstream Natural Resources Index Fund.... 281 FlexShares® STOXX® Global Broad Infrastructure Index Fund ......................... 288 FlexShares® Global Quality Real Estate Index Fund .......................................... 295 FlexShares® Real Assets Allocation Index Fund .................................................. 300 FlexShares® Quality Dividend Index Fund........................................................... 301 FlexShares® Quality Dividend Defensive Index Fund......................................... 306 FlexShares® Quality Dividend Dynamic Index Fund........................................... 311 FlexShares® International Quality Dividend Index Fund .................................... 315 FlexShares® International Quality Dividend Defensive Index Fund .................. 323 FlexShares® International Quality Dividend Dynamic Index Fund.................... 330 FlexShares® iBoxx 3-Year Target Duration TIPS Index Fund.............................. 337 FlexShares® iBoxx 5-Year Target Duration TIPS Index Fund.............................. 338 FlexShares® Disciplined Duration MBS Index Fund............................................ 339 FlexShares® Credit-Scored US Corporate Bond Index Fund ............................. 347 FlexShares® Credit-Scored US Long Corporate Bond Index Fund.................... 362 FlexShares® High Yield Value-Scored Bond Index Fund.................................... 370 FlexShares® Ready Access Variable Income Fund ............................................. 387 FlexShares® Core Select Bond Fund..................................................................... 399 Notes to the Financial Statements ................................................................................ 401 Report of Independent Registered Public Accounting Firm ..................................... 453 Tax Information............................................................................................................... 456 Fund Expenses................................................................................................................. 458 Trustees and Officers ...................................................................................................... 462 Approval of Advisory Agreement................................................................................ 466 Supplemental Information............................................................................................. 474 For More Information..................................................................................................... 488 Dear Shareholder: Dear Shareholder: seen since the 2008 Global Financial Crisis, creating a deeper need for strategies to help investors tackle their income We are pleased to have this opportunity to share our requirements. As global equity markets have dramatically thoughts on what for most of us has probably been a year we sold off and some have subsequently rebounded, the need will never forget. The FlexShares Annual Report, for the year for tools to help manage that volatility have been in greater ended October 31, 2020, details fund characteristics, per- focus. formance results and investment commentaries on our fam- ily of FlexShares exchange traded funds (ETFs). We believe Deciding what investment products to own has become a the benefits that FlexShares derives, including expertise in more frequent exercise for many advisors and investors. It index design and portfolio management, from being a part has been a privilege to provide innovative and efficient
Load more

Recommended publications
  • PUBLIC NOTICE Federal Communications Commission 445 12Th St., S.W
    PUBLIC NOTICE Federal Communications Commission 445 12th St., S.W. News Media Information 202 / 418-0500 Internet: https://www.fcc.gov Washington, D.C. 20554 TTY: 1-888-835-5322 DA 19-275 Released: April 10, 2019 MEDIA BUREAU ESTABLISHES PLEADING CYCLE FOR APPLICATIONS TO TRANSFER CONTROL OF NBI HOLDINGS, LLC, AND COX ENTERPRISES, INC., TO TERRIER MEDIA BUYER, INC., AND PERMIT-BUT-DISCLOSE EX PARTE STATUS FOR THE PROCEEDING MB Docket No. 19-98 Petition to Deny Date: May 10, 2019 Opposition Date: May 28, 2019 Reply Date: June 4, 2019 On March 4, 2019, Terrier Media Buyer, Inc. (Terrier Media), NBI Holdings, LLC (Northwest), and Cox Enterprises, Inc. (Cox) (jointly, the Applicants) filed applications with the Federal Communications Commission (Commission) seeking consent to the transfer of control of Commission licenses through two separate transactions.1 First, Terrier Media and Northwest seek consent for Terrier Media to acquire companies owned by Northwest holding the licenses of full-power broadcast television stations, low-power television stations, and TV translator stations (the Northwest Applications). Next, Terrier Media and Cox seek consent for Terrier Media to acquire companies owned by Cox holding the licenses of full-power broadcast television stations, low-power television stations, TV translator stations, and radio stations (the Cox Applications and, jointly with the NBI Applications, the Applications).2 Pursuant to a Purchase Agreement between Terrier Media and the equity holders of Northwest dated February 14, 2019, Terrier Media would acquire 100% of the interest in Northwest.3 Pursuant to a separate Purchase Agreement between Terrier Media and Cox and affiliates of Cox, Terrier Media would acquire the companies owning all of Cox’s television stations and the licenses and other assets of four of Cox’s radio stations.4 The Applicants propose that Terrier Media, which is a newly created company, will become the 100% indirect parent of the licensees listed in the Attachment.
    [Show full text]
  • Apollo Global Management Appoints Tetsuji Okamoto to Head Private Equity Business in Japan
    Apollo Global Management Appoints Tetsuji Okamoto to Head Private Equity Business in Japan NEW YORK, NY – December 5, 2019 – Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced the appointment of Tetsuji Okamoto as a Partner, Head of Japan, leading Apollo Private Equity’s efforts in Japan. Mr. Okamoto will play a lead role in building Apollo’s Private Equity business in Japan, including originating and executing deals and identifying cross-platform opportunities. He will report to Steve Martinez, Senior Partner, Head of Asia Pacific, and will begin in this newly created role on December 9, 2019. “This appointment and the new role we’ve created is a reflection of the importance we place on Japan and the opportunities we see in the wider region for growth and diversification,” Apollo’s Co-Presidents, Scott Kleinman and James Zelter said in a joint statement. “Tetsuji’s addition signals Apollo’s meaningful long-term commitment to expanding its presence in the Japanese market, which we view as a key area of investment focus as we seek to build value and drive growth for Japanese corporations and our investors and limited partners,” Mr. Martinez added. Mr. Okamoto, 39, brings more than 17 years of industry experience to the Apollo platform and the Private Equity investing team. Most recently, Mr. Okamoto was a Managing Director at Bain Capital, where he was a member of the Asia Pacific Private Equity team for eleven years, responsible for overseeing execution processes for new deals and existing portfolio companies in Japan. At Bain Capital he was also a leader on the Capital Markets team covering Asia.
    [Show full text]
  • How Will Financial Services Private Equity Investments Fare in the Next Recession?
    How Will Financial Services Private Equity Investments Fare in the Next Recession? Leading funds are shifting to balance-sheet-light and countercyclical investments. By Tim Cochrane, Justin Miller, Michael Cashman and Mike Smith Tim Cochrane, Justin Miller, Michael Cashman and Mike Smith are partners with Bain & Company’s Financial Services and Private Equity practices. They are based, respectively, in London, New York, Boston and London. Copyright © 2019 Bain & Company, Inc. All rights reserved. How Will Financial Services Private Equity Investments Fare in the Next Recession? At a Glance Financial services deals in private equity have grown on the back of strong returns, including a pooled multiple on invested capital of 2.2x in recent years, higher than all but healthcare and technology deals. With a recession increasingly likely during the next holding period, PE funds need to develop plans to weather any storm and potentially improve their competitive position during and after the downturn. Many leading funds are investing in balance-sheet-light assets enabled by technology and regulatory change. Diligences now should test target companies under stressful economic scenarios and lay out a detailed value-creation plan, including how to mobilize quickly after acquisition. Financial services deals by private equity funds have had a strong run over the past few years, with deal value increasing significantly in Europe and the US(see Figure 1). Returns have been strong as well. Global financial services deals realized a pooled multiple on invested capital of 2.2x from 2009 through 2015, higher than all but healthcare and technology deals (see Figure 2).
    [Show full text]
  • TRS Contracted Investment Managers
    TRS INVESTMENT RELATIONSHIPS AS OF DECEMBER 2020 Global Public Equity (Global Income continued) Acadian Asset Management NXT Capital Management AQR Capital Management Oaktree Capital Management Arrowstreet Capital Pacific Investment Management Company Axiom International Investors Pemberton Capital Advisors Dimensional Fund Advisors PGIM Emerald Advisers Proterra Investment Partners Grandeur Peak Global Advisors Riverstone Credit Partners JP Morgan Asset Management Solar Capital Partners LSV Asset Management Taplin, Canida & Habacht/BMO Northern Trust Investments Taurus Funds Management RhumbLine Advisers TCW Asset Management Company Strategic Global Advisors TerraCotta T. Rowe Price Associates Varde Partners Wasatch Advisors Real Assets Transition Managers Barings Real Estate Advisers The Blackstone Group Citigroup Global Markets Brookfield Asset Management Loop Capital The Carlyle Group Macquarie Capital CB Richard Ellis Northern Trust Investments Dyal Capital Penserra Exeter Property Group Fortress Investment Group Global Income Gaw Capital Partners AllianceBernstein Heitman Real Estate Investment Management Apollo Global Management INVESCO Real Estate Beach Point Capital Management LaSalle Investment Management Blantyre Capital Ltd. Lion Industrial Trust Cerberus Capital Management Lone Star Dignari Capital Partners LPC Realty Advisors Dolan McEniry Capital Management Macquarie Group Limited DoubleLine Capital Madison International Realty Edelweiss Niam Franklin Advisers Oak Street Real Estate Capital Garcia Hamilton & Associates
    [Show full text]
  • Bain, Ares Moves Stoke Alts Fund Arms Race
    Bain, Ares Moves Stoke Alts Fund Arms Race By Tom Stabile February 15, 2017 Bain Capital, Ares Management, and various private equity peers have cranked up their efforts to reach retail investors through a wave of new products and partnerships in the increasingly active non-traded registered fund marketplace. The firms have built up their presence in the market for non-traded business development company (BDC), real estate investment trust (REIT), closed-end, and interval funds over the past year through a mix of new products, joint ventures, acquisitions, and subadvisory mandates. The scrum in the past year also has included private equity managers such as Blackstone Group, Apollo Global Management, and Providence Equity Partners; real estate fund managers Rialto Capital Management and Colony NorthStar; and hedge funds such as Magnetar Capital and Och-Ziff Capital Management. And they are often partnering with active players in the non-traded registered alts fund business, such as FS Investments, CION Investments, and Griffin Capital, each of which has stepped up new product efforts. Blackstone, Apollo, KKR, and Carlyle Group had established footholds in this market in recent years through earlier rounds of partnerships, but the range of new moves – and addition of peer firms to the fray – has created a bustle. “There continues to be a retail invasion of the market by these big [managers],” says Rajib Chanda, a partner at Simpson, Thacher & Bartlett who specializes in registered fund law. “There definitely has been a renewed interest in the interval funds structure.” The non-traded registered product market’s earlier push several years ago largely involved establishing broader fund of funds-style structures, but now there is much more activity on single funds and narrower investment options, Chanda says.
    [Show full text]
  • ANNUAL REVIEW 2017 Land of the Giants Cycle-Tested Credit Expertise Extensive Market Coverage Comprehensive Solutions Relative Value Focus
    ANNUAL REVIEW 2017 Land of the giants Cycle-Tested Credit Expertise Extensive Market Coverage Comprehensive Solutions Relative Value Focus Ares Management is honored to be recognized as Lender of the Year in North America for the fourth consecutive year as well as Lender of the Year in Europe Lender of the year in Europe Ares Management, L.P. (NYSE: ARES) is a leading global alternative asset manager with approximately $106 billion of AUM1 and offices throughout the United States, Europe, Asia and Australia. With more than $70 billion in AUM1 and approximately 235 investment professionals, the Ares Credit Group is one of the largest global alternative credit managers across the non-investment grade credit universe. Ares is also one of the largest direct lenders to the U.S. and European middle markets, operating out of twelve office locations in both geographies. Note: As of December 31, 2017. The performance, awards/ratings noted herein may relate only to selected funds/strategies and may not be representative of any client’s given experience and should not be viewed as indicative of Ares’ past performance or its funds’ future performance. 1. AUM amounts include funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation and a registered investment adviser. learn more at: www.aresmgmt.com | www.arescapitalcorp.com The battle of the brands the US market on page 80, advisor Hamilton TOBY MITCHENALL Lane said it had received a record number EDITOR'S of private placement memoranda in 2017 – ISSN 1474–8800 LETTER MARCH 2018 around 800 – and that this, combined with Senior Editor, Private Equity faster fundraising processes, has made it dif- Toby Mitchenall, Tel: +44 207 566 5447 [email protected] ficult to some investors to make considered Special Projects Editor decisions.
    [Show full text]
  • Bain Capital Distressed and Special Situations 2019 (A), LP
    COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM Public Investment Memorandum Bain Capital Distressed and Special Situations 2019 (A), L.P. High Yield/Private Credit Commitment James F. Del Gaudio Senior Portfolio Manager April 22, 2019 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES’ RETIREMENT SYSTEM Recommendation: PSERS Investment Professionals, together with Hamilton Lane Advisors, L.L.C. (“Hamilton Lane”), recommend the Board commit up to $200 million to Bain Capital Distressed and Special Situations 2019 (A), L.P. (the “Fund”, or “DSS 19”). Bain Capital Credit, LP (“Bain” or the “Firm”) is seeking to raise their third dedicated distressed and special situations fund, DSS 19, which will focus on global special situations opportunities and distressed securities, targeting $3 billion in commitments. Firm Overview: Bain Capital Credit, LP, an affiliate of Bain Capital, LP, is a leading global credit specialist. The Firm was formed as Sankaty Advisors in 1998 by Jonathan Lavine, Managing Partner and CIO, based on the idea that one could successfully apply the same level of rigorous analysis developed in Bain Capital’s Private Equity business to credit investing. With approximately $39 billion in assets under management as of January 1, 2019, Bain Capital Credit invests across the full spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, direct lending, structured products, non-performing loans (“NPLs”), and equities. Bain Capital Credit currently has 297 employees in
    [Show full text]
  • Apollo Launches Apollo Hbcunet, a Career Portal Dedicated to Increasing Opportunity and Access for HBCU Students and Alumni
    Apollo Launches Apollo HBCUNet, a Career Portal Dedicated to Increasing Opportunity and Access for HBCU Students and Alumni New platform powered by CareerBuilder aims to strengthen pathways and diversify talent pipeline across the Apollo Network NEW YORK, NY (June 8, 2021) — Apollo Global Management, Inc. (NYSE: APO) (“Apollo”) today announced the launch of Apollo HBCUNet, a new platform powered by CareerBuilder that aims to connect students and alumni from Historically Black Colleges and Universities (HBCUs) with career opportunities at Apollo and across its private equity funds’ portfolio companies. Apollo’s Head of Leadership Development and Diversity Jonathan Simon said, “At Apollo, we are focused on championing opportunity in our workplace, throughout our marketplace and in our communities. Historically Black Colleges and Universities have diverse student bodies and educate many of our country’s most promising young professionals. We want to make it easier for those students and alumni to connect to career opportunities here at Apollo and across our broader portfolio.” HBCUNet offers students access to open positions at Apollo and across its network of fund portfolio companies, including both full- and part-time employment at companies spanning a variety of industries, with roles in finance, legal, sales, technology and more. HBCUNet members can opt into alerts to be made aware of new positions that open in their identified areas of interest, receiving notifications of roles matching their profiles and encouraging them to be among the first to apply. The launch of HBCUNet follows the 2019 launch of VetNet, aimed at helping veteran candidates enter the private sector and find jobs within Apollo’s network.
    [Show full text]
  • DISH NETWORK L.L.C., Plaintiff, V. COX MEDIA GROUP, LLC Et Al
    Case: 1:20-cv-00570 Document #: 129 Filed: 07/20/20 Page 1 of 21 PageID #:<pageID> UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION DISH NETWORK L.L.C., Plaintiff, No. 20 C 570 v. Judge Thomas M. Durkin COX MEDIA GROUP, LLC et al., Defendants. MEMORANDUM OPINION AND ORDER This case involves a contract dispute over the rates DISH Network must pay to retransmit television stations that Defendant Terrier Media Buyer, Inc. purchased from Defendant Cox Media Group. DISH moved for a preliminary injunction so that it may continue to retransmit the stations at issue during this litigation at rates previously agreed upon with Cox. R. 91. For the following reasons, DISH’s motion is denied. Background The Court begins with a brief description of the parties. Plaintiff DISH Network is a satellite multichannel video programming distributor. Defendant Cox Media Group is a media conglomerate that owned the television broadcast stations at issue in this case. R. 84 ¶ 2. Defendant NBI Holdings, LLC (“NBI”), through its subsidiary Northwest Broadcasting, Inc. (“Northwest”), owned a different group of television broadcast stations. Id. ¶ 40. Defendant Apollo Global Management Case: 1:20-cv-00570 Document #: 129 Filed: 07/20/20 Page 2 of 21 PageID #:<pageID> (“Apollo”) is a private equity firm and the parent company of Defendant Terrier Media Buyer, Inc. (“Terrier”). Id. ¶ 46. In March 2019, DISH entered into a three-year contract with Cox that permitted DISH to retransmit 13 Cox television stations in ten major U.S. markets (the “Cox Retransmission Agreement”). Id. ¶ 29.
    [Show full text]
  • Global Equity Fund Description Plan 3S DCP & JRA MICROSOFT CORP
    Global Equity Fund June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA MICROSOFT CORP 2.5289% 2.5289% APPLE INC 2.4756% 2.4756% AMAZON COM INC 1.9411% 1.9411% FACEBOOK CLASS A INC 0.9048% 0.9048% ALPHABET INC CLASS A 0.7033% 0.7033% ALPHABET INC CLASS C 0.6978% 0.6978% ALIBABA GROUP HOLDING ADR REPRESEN 0.6724% 0.6724% JOHNSON & JOHNSON 0.6151% 0.6151% TENCENT HOLDINGS LTD 0.6124% 0.6124% BERKSHIRE HATHAWAY INC CLASS B 0.5765% 0.5765% NESTLE SA 0.5428% 0.5428% VISA INC CLASS A 0.5408% 0.5408% PROCTER & GAMBLE 0.4838% 0.4838% JPMORGAN CHASE & CO 0.4730% 0.4730% UNITEDHEALTH GROUP INC 0.4619% 0.4619% ISHARES RUSSELL 3000 ETF 0.4525% 0.4525% HOME DEPOT INC 0.4463% 0.4463% TAIWAN SEMICONDUCTOR MANUFACTURING 0.4337% 0.4337% MASTERCARD INC CLASS A 0.4325% 0.4325% INTEL CORPORATION CORP 0.4207% 0.4207% SHORT-TERM INVESTMENT FUND 0.4158% 0.4158% ROCHE HOLDING PAR AG 0.4017% 0.4017% VERIZON COMMUNICATIONS INC 0.3792% 0.3792% NVIDIA CORP 0.3721% 0.3721% AT&T INC 0.3583% 0.3583% SAMSUNG ELECTRONICS LTD 0.3483% 0.3483% ADOBE INC 0.3473% 0.3473% PAYPAL HOLDINGS INC 0.3395% 0.3395% WALT DISNEY 0.3342% 0.3342% CISCO SYSTEMS INC 0.3283% 0.3283% MERCK & CO INC 0.3242% 0.3242% NETFLIX INC 0.3213% 0.3213% EXXON MOBIL CORP 0.3138% 0.3138% NOVARTIS AG 0.3084% 0.3084% BANK OF AMERICA CORP 0.3046% 0.3046% PEPSICO INC 0.3036% 0.3036% PFIZER INC 0.3020% 0.3020% COMCAST CORP CLASS A 0.2929% 0.2929% COCA-COLA 0.2872% 0.2872% ABBVIE INC 0.2870% 0.2870% CHEVRON CORP 0.2767% 0.2767% WALMART INC 0.2767%
    [Show full text]
  • Apollo Global Management Announces Leadership Changes
    Apollo Global Management Announces Leadership Changes Matt Nord and David Sambur Promoted to Co-Lead Partners of Private Equity Olivia Wassenaar and Geoff Strong Promoted to Co-Leads of Natural Resources Dylan Foo Joins Apollo as Co-Lead of Infrastructure NEW YORK, NY – September 26, 2019 – Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced several leadership changes across its investing business. “These new appointments reflect Apollo’s deep reservoir of proven investment talent and lay the foundation for the firm’s next generation of leadership,” said Leon Black, Founder, Chairman and Chief Executive Office of Apollo. Within Apollo’s flagship private equity business, Senior Partners Matt Nord and David Sambur have been promoted to Co-Lead Partners of Private Equity. Both Nord and Sambur have spent the majority of their careers at Apollo and they each bring nearly two decades of industry experience to the role. These changes will be effective immediately, and Nord and Sambur will continue to report to Scott Kleinman. Apollo’s Co-Presidents, Scott Kleinman and James Zelter, said: “Matt and David have been at the helm of numerous successful private equity transactions during their tenure at Apollo across an array of industries. They have also been very involved in the day to day operations of Apollo’s flagship private equity business and have established themselves as leaders from a strategy and culture standpoint. Given the breadth of their experience, we believe Matt and David are poised to lead the private equity business as we seek to maximize value in Funds VII and VIII, continue to deploy capital in Fund IX, and position the business for the future.“ Senior Partners Olivia Wassenaar and Geoff Strong have been promoted to Co-Leads of Apollo’s Natural Resources business, where they will oversee the firm’s existing and future natural resources funds.
    [Show full text]
  • 2021 Institute for Private Capital Spring Research Virtual Symposium April 28, 2021 11:00 A.M
    2021 Institute for Private Capital Spring Research Virtual Symposium April 28, 2021 11:00 a.m. to 2:00 p.m. (all times U.S. EDT) 11:00 12:35 Session I: Private Markets Research Welcome & Research Updates: Greg Brown, UNC Kenan-Flagler Business School Private Equity and Pay Gaps Inside the Firm Lily Fang, INSEAD Jim Goldman, University of Toronto Alexandra Roulet, INSEAD Do Private Equity Investors Create Value? Evidence from the Hotel Industry Christophe Spaenjers, HEC Paris Eva Steiner, Penn State University SPACs Minmo Gahng, University of Florida Jay R. Ritter, University of Florida Donghang Zhang, University of South Carolina 12:35 – 12:45 Break 12:45 – 1:55 Session II: Alternatives investments after the pandemic. Where do we go from here? Session Chair: Sabrina Howell, NYU Stern School of Business 12:45 – 1:20 Keynote Speaker: Allyson Tucker, CIO, Washington State Investment Board Hosted by Dominic Garcia, CIO, Public Employees Retirement Association of New Mexico 1:20 – 1:55 Panel Discussion: Positioning Portfolios for the Post-COVID Economy Moderator: Michael Elio, StepStone Christian Lundblad, UNC Kenan-Flagler Business School Matt Harvey, PGIM Private Capital David Sambur, Apollo Global Management, Inc. 1:55–2:00 Concluding Remarks & Adjourn Greg Brown, UNC Kenan-Flagler Business School Sponsored By: Conference Contact: Caroline Pugh, 919-962-9887, [email protected] Presenters and Panelists Gregory Brown is the Director of the Frank H. Kenan Institute of Private Enterprise, Research Director of the Institute for Private Capital, and Sarah Graham Kenan Distinguished Scholar of Finance at the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.
    [Show full text]