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ORLANDO, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. ("Abacus" or the "Company") ABL , a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today announced it has completed the acquisition of FCF Advisors ("FCF"), a New York-based asset manager and index provider specializing in free cash flow-focused investment strategies. The acquisition of FCF, which currently has approximately $850 million in assets under management, constitutes a significant milestone in Abacus' ongoing expansion of ABL Wealth and its suite of products. "We are excited to complete this strategic acquisition and welcome FCF Advisors to the Abacus Life family," said Jay Jackson, CEO of Abacus Life. "The addition of FCF Advisors significantly expands our offerings within ABL Wealth, bringing us even closer to our stated goal of delivering comprehensive, lifespan-based financial advisory services and products. FCF aligns perfectly with our strategy of providing clients with holistic and tailored financial solutions throughout their lives." Over the past decade, FCF has become a recognized leader in free cash flow analytics and research. The firm has pioneered the free cash flow quality model, which serves as the foundation for the firm's quantitative investment process. FCF Advisors has a suite of core and thematic free cash flow equity strategies and offers over 50 customizable free cash flow index strategies covering 8 global equities allocation categories available in ETFs, separately managed accounts ("SMA")/white label SMA and model delivery. About Abacus Abacus is a pioneering global alternative asset manager and market maker specializing in uncorrelated financial products. The company leverages its proprietary, cutting-edge longevity data and actuarial technology to purchase life insurance policies from consumers seeking liquidity. This creates a high-return asset class uncorrelated to market fluctuations for institutional investors. With nearly $3 billion in assets under management, including recently-completed acquisitions, Abacus is the only publicly traded global alternative asset manager focused on lifespan-based financial products. Abacus is expanding its leading expertise in longevity and lifespan into new growth areas: ABL Wealth - Leverages decades of data and proprietary algorithms to offer longevity-based wealth management platforms that enable financial advisors to create customized plans and provide access to uncorrelated investments. ABL Tech - A groundbreaking technology service that delivers advanced real-time data tracking and analysis for pension funds, governments, insurance companies, retirement associations, and more. Through each new channel, Abacus is revolutionizing the future of asset management and financial planning, centered on longevity and lifespan. www.Abacuslife.com Contacts: Investor Relations Robert F. Phillips – SVP Investor Relations and Corporate Affairs rob@abacuslife.com (321) 290-1198 David Jackson – IR/Capital Markets Associate djackson@abacuslife.com (321) 299-0716 Abacus Life Public Relations press@abacuslife.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Bill Belichick, the former NFL head coach who led the New England Patriots to six Super Bowl wins, will be the new head coach of the University of North Carolina's football program. The school announced the news on social media Wednesday night. He's agreed to a five-year deal with the Tar Heels, which is pending approval from the university's board of trustees and board of governors. A press conference was held at the school on Thursday to formally announce Belichick as the new head coach, which he described as a dream come true. UNC Chancellor Lee H. Roberts and Director of Athletics Bubba Cunningham jokingly gifted Belichick a Tar Heels sweatshirt with his trademark short sleeves. RELATED STORY | Bill Belichick 'moves on' from coaching New England Patriots "I grew up in college football with my dad," Belichick said, showing off one of his father's old sweatshirts from when he was an assistant coach at the school for a couple of years before he went on to coach at the U.S. Naval Academy for over three decades. He said Carolina was home and his family always joked when he was growing up that his first words were "beat Duke" — the Tar Heels' rival school. Belichick won two Super Bowls with the New York Giants before continuing his career with the Cleveland Browns and New York Jets. But he's known for his career with the Patriots, where he was the head coach for 24 seasons and won 13 AFC championship titles and made nine Super Bowl appearances. He retired from the NFL as the second-winningest coach in NFL history.None
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Van Nistelrooy returned to Old Trafford as Erik ten Hag’s assistant in the summer and had a four-game interim spell in charge following his compatriot’s sacking in October. He left the club in the wake of Ruben Amorim’s appointment but was only out of work for two weeks after being appointed Leicester’s new manager on a deal until 2027. The 48-year-old had a glittering playing career with United and was disappointed his return had to end so soon. “The moment I took over the interim job what I said was I’m here to help United and to stay to help United, and I meant it,” he said. “So I was disappointed, yeah, very much so, and it hurt I had to leave. “The only job I would take as an assistant was at United because of the bond that I have with the people in the club and the fans. “But in the end I got my head around it because I also understand the new manager. I’m in football long enough, and I’ve managed myself, that you can think of a situation, me being there, I understand. “I spoke to Ruben about it, fair enough to him, the conversation was grateful, man to man, person to person, manager to manager, and that helped a lot to move on and straightaway get into talks with new possibilities which of course lifted my spirits.” The Dutchman takes on a difficult job at the King Power Stadium as he is tasked with keeping Leicester in the Premier League. He inherits an influential dressing room, which has seen a number of managers come and go over the last few years. Ruud's here for his first press conference as our Manager 😃 pic.twitter.com/A4Juixvorb — Leicester City (@LCFC) December 2, 2024 Van Nistelrooy revealed he has done his due diligence and also let the players know as well. “It’s the only way you can work. It’s mutual respect. I also mentioned to the players yesterday that I looked at the squad and started to make phone calls about players, because in football everyone knows everyone,” he said. “With two or three phone calls you hear stories about 20 players and for me it was important that you hear there are good characters there. That’s important, that there are good people there. “I look at the players how they play. I obviously don’t know them but I got general information and the individuals that they are a good bunch of people. That was important for me to get in.”Published 4:27 pm Saturday, November 30, 2024 By Data Skrive Take a look at Jamaal Williams’ stats on this page. In terms of season stats, Williams has rushed for 124 yards on 32 carries with one touchdown, averaging 3.9 yards per carry, and has four catches (six targets) for 21 yards. Don’t miss a touchdown this NFL season. Catch every score with NFL RedZone on Fubo. What is Fubo? Fubo is a streaming service that gives you access to your favorite live sports and shows on demand. Start your risk free trial today and watch seven hours of commercial-free football from every NFL game every Sunday. BetMGM is one of the most trusted Sportsbooks in the nation. Start with as little as $1 and place your bets today . Catch NFL action all season long on Fubo. Not all offers available in all states, please visit BetMGM for the latest promotions for your area. Must be 21+ to gamble, please wager responsibly. If you or someone you know has a gambling problem, contact 1-800-GAMBLER .None
A former GOP lawmaker has his own theory about the reports of “mystery” drones flying over New Jersey in recent weeks. Former Rep. Adam Kinzinger (R-Ill.) told his followers on Thursday to compare his explanation of the mystery drones to Rep. Jeff Van Drew’s (R-N.J.) long-shot theory that he floated on Wednesday. This comes as residents across the state have expressed deep concerns with the drone reports despite officials reiterating that there is no known threat. Kinzinger, a strong Trump critic, suggested that the drone sightings may be coming from just one private company that is testing its own drones without breaking any laws. “My drone theory, bookmark this vs the Jeff Van Drew ‘Iran mothership’ theory: Private company testing transportation drones, and does not want to reveal their intellectual property so not fessing up... and not breaking any laws at all," Kinzinger wrote on social media platform X. My drone theory, bookmark this vs the Jeff Van Drew “Iran mothership” theory: Private company testing transportation drones, and does not want to reveal their intellectual property so not fessing up... and not breaking any laws at all Van Drew, in a Wednesday appearance on Fox News, floated the idea that the drones over the Garden State could be flying in from an Iranian “mothership” off the East Coast. “This is a national security crisis we cannot ignore,” Van Drew wrote in his post on X . “Bring them down now.” Deputy Defense Department Press Secretary Sabrina Singh debunked this claim in a press conference on Wednesday, explaining that there is no Iranian “mothership” off the East Coast. “There is not any truth to that. There is no Iranian ship off the coast of the United States and there’s no so-called mothership launching drones towards the United States,” she said. It is still not clear what these mystery drones are, but the FBI is continuing to investigate the sightings. The FBI has asked for the public’s assistance in reporting the drones to its tip line. Stories by Lauren Sforza Here's Trump's plan for the 'first nine minutes' of his presidency House Dem mocks Ramaswamy, Musk over Trump’s government-slashing plan Top Democrat jabs Trump ally MTG over new ‘DOGE’ subcommittee Our journalism needs your support. Please subscribe today to NJ.com .BWISE Solutions Exclusive Webinar: How BWISE Positively Transforms Businesses for the Holidays
Dozens of liquor shops shuttered after voters OK wine sales in grocery stores; hundreds more expectedThe annual Black Friday shopping day has always been about finding the best deals, but this year retailers are preparing for a US consumer more zealously fixated than ever on getting value for their money. Inflation has stabilized after dramatic price spikes during the Covid pandemic years, but consumers are still feeling the pinch — meaning bargain-hunting strategies such as grabbing early giveaways and waiting for last-minute steals are in vogue. Compared with other years, holiday shoppers in 2024 are “even more preoccupied and very focused around value and discounts,” said Vivek Pandya, leading insights analyst at Adobe Digital Insights. “We do see stronger price sensitivity on the part of the consumer and they are very responsive to deals and event-tie deals,” he said. Consumers throughout 2024 have responded to special discount occasions such as Memorial Day and Amazon’s “Prime Day.” Black Friday, the unofficial kickoff of the US holiday gift season, comes the day after Thanksgiving and opens a long commerce-centered weekend that also includes “Small Business Saturday” and “Cyber Monday.” In recent years, as inflation has grown as a concern, major chains like department store Target have been pulling ahead “Black Friday” promotions to October or even earlier. Consumer prices on average were 22 percent higher in August 2024 compared with January 2020, according to Pew Research, and popular discontent with inflation is one reason Donald Trump won the US presidency in November. Inflation also continues to guide retailer discounting decisions as they try to deliver what the market demands. At Target, shoppers have learned to turn out in force for the chain’s “Circle Week” savings events held about once every quarter. That translates into less buying the week before and after, executives said. After a lengthy period of inflation, “consumers tell us their budgets remain stretched,” Target CEO Brian Cornell told analysts earlier this month. “They’re becoming increasingly resourceful in their shopping behaviors, waiting to buy until (the) last moment of need, focusing on deals and then stocking up when they find them,” he said. The National Retail Federation has projected holiday spending growth of between 2.5 and 3.5 percent in the 2024 season compared with the year-ago period, to as much as $989 billion over the two-month period. Economists have pointed to an easing of gasoline prices as a supportive factor, along with an ebbing in the costs of some food items. The inflationary environment has weighed especially heavily on households with lower incomes, with banks pointing to rising charge-off rates as an indicator of increased stress. But some chains, such as off-price apparel retailer, Burlington Stores have pointed to improvement for this cohort of the population. Some of the chain’s strongest sales have been in stores in low-income zip codes, said Burlington Chief Executive Michael O’Sullivan. “Maybe for the first time since 2021, it looks like their real incomes are finally edging up,” O’Sullivan said on a conference call this week. Thanksgiving, which is always the fourth Thursday in November, falls on its latest possible date in 2024. As a result, retailers are pivoting to a season with five fewer days than last year. Best Buy launched its Black Friday sale a week ahead of Thanksgiving this year. The electronics chain has also brought back “Doorbuster” sales every Friday this year in stores and online — events many chains had phased out in recent years because of their association with hordes of waiting crowds that sometimes resulted in injury. On Wednesday, Adobe Digital Insights said that online sales through the first 24 days of the holiday season were up 9.6 percent year-over-year, above the 8.4 percent growth projected for the entire season. Pandya, the insights analyst, said the shorter season may be one reason for the outsized early sales, but that it also reflects how the competitiveness for online goods that drives down prices.
Olema: Cash Infusion And Supply Agreement With Novartis Carries The Tide ForwardBEIJING: China's manufacturing sector registered faster expansion in November on government policy support, official data showed on Saturday. The purchasing managers' index for China's manufacturing sector came in at 50.3 in November, up from 50.1 in October, the National Bureau of Statistics (NBS) said in a statement, Xinhua news agency reported. A reading above 50 indicates expansion, while a reading below 50 reflects contraction. China's manufacturing sector saw faster expansion in November as a series of incremental policies and existing policies gradually took effect, said NBS statistician Zhao Qinghe. Meanwhile, the country’s purchasing managers' index (PMI) for China's non-manufacturing sector came in at 50 in November, down from 50.2 in October, according to data from NBS. The service sector sub-index stood at 50.1 in November, unchanged from that in October, while that of construction fell to 49.7 from 50.4 as outdoor construction gradually entered the off-season affected by the cold weather, the NBS said. A breakdown of the data showed that internet software and information technology services, capital market services, and the insurance sector recorded an expansion in November, while those related to retail, accommodation, and catering sectors logged a contraction. Earlier this month, China removed all market access restrictions for foreign investors in the manufacturing sector, a landmark move made by the world's second-largest economy as it opens its doors wider, Xinhua reported. The new edition of the national negative list for foreign investment scrapped the two remaining manufacturing-related items on the previous list. The items on the latest negative list, which specifies fields that are off-limits to foreign investors, have been further slashed to 29. Another negative list applied in the country's free trade zones, which are pioneering pilots in opening up practices, achieved zero restrictions on foreign investment in manufacturing in 2021.Rising tech stocks pull Wall Street to another record By