Latest news with #MichaelScott
Yahoo
a day ago
- Business
- Yahoo
World's Largest Publicly Traded Hedge Fund Enters ETF Space
Man Group, the world's largest publicly traded hedge fund manager, filed a preliminary prospectus for two active fixed-income ETFs, marking the London-based firm's first entry into exchange-traded fund distribution as alternative managers increasingly turn to ETFs for access to complex strategies. According to the June 13 filing with the Securities and Exchange Commission, the Man Active High Yield ETF and Man Active Income ETF will use active bond strategies, including derivatives, high-yield bonds, emerging markets exposure and illiquid credit investments—bringing institutional-grade bond management to everyday investors through ETFs. The move represents more than just another ETF launch in an already crowded marketplace. It signals how ETFs are evolving from their origins as simple baskets for broad market exposure into ways to deliver complex investment strategies once available only to hedge funds and large institutional investors. The Man Active High Yield ETF will invest at least 80% of net assets in high-yield securities rated below investment grade, according to the filing. The fund may invest up to 30% in securities rated below B3 by Moody's Investors Service or lower than B- by S&P Global Ratings or Fitch Ratings. The Man Active Income ETF seeks to generate current income as its primary objective, with capital growth as a secondary objective, according to the filing. The fund will invest across four primary sectors: high-yield corporate debt, investment-grade corporate debt, government and agency debt, and securitized debt. The filing reflects how ETFs have evolved from simple, index-tracking funds into vehicles for active strategies. For newer investors, this opens access to institutional-grade tools they couldn't reach before, but it also brings complexity. The filing reveals active bond management approaches from a firm known for its expertise in hedge funds. The strategies may invest in distressed securities, contingent convertible bonds and bank loans with extended settlement periods, according to the filing. Both funds are non-diversified and may use derivatives for hedging and return enhancement, including futures, options, swaps and credit-linked notes, according to the filing. GLG Partners LP serves as sub-adviser with portfolio managers Michael Scott overseeing the High Yield ETF and Jonathan Golan managing the Income ETF. Man Group reported $172.6 billion in assets under management as of March 31, according to its April trading statement. The firm saw $3.6 billion in net inflows during the first quarter despite geopolitical and economic | © Copyright 2025 All rights reserved
The Independent
4 days ago
- Entertainment
- The Independent
Watch: Steve Carell's Northwestern University commencement speech turns into a dance party
Steve Carell delivered a hilarious commencement speech at Northwestern University this Sunday (June 15), surprising graduates when his advice-filled address erupted into a dance party. The Office star, who received an honorary degree, initiated the fun as The Ting Tings' "That's Not My Name" played, keeping the mood light in true Michael Scott fashion. After his energetic minute of dancing, Carell jokingly quipped, "That was as invigorating as it was disturbing," adding, "Wow, am I out of shape.'
Yahoo
4 days ago
- Yahoo
Former Iowa state librarian sentenced for sending lewd videos to officer posing as teen
The former state librarian of Iowa has been sentenced to probation after sending lewd photos to a police officer posing as a teen online. Michael Scott, 55, of Clive was arrested in November after police said he used the KiK messaging app to send photos and videos of masturbation to someone he believed to be a 14-year-old boy but was actually a sheriff's deputy in Orange County, Florida. The conversation, which Scott initiated, had begun in August, police said. Scott since 2014 had held the position of state librarian, a position that supports public libraries across the state and oversees millions of dollars in state and federal money. The Department of Administrative Services, which oversees the librarian's office, said his employment ended after his arrest, and the state is currently seeking a replacement. Dallas County prosecutors charged Scott with three misdemeanor counts of disseminating obscene material to minors. In April, he agreed to plead guilty to two of those charges. On June 12, he appeared before Judge Erica Crisp for sentencing, and was sentenced to two years of probation in lieu of four years in prison. Prosecutors had sought a prison sentence, arguing in court filings that Scott had used his position as a librarian to gain his supposed victim's trust, and claiming he had not shown any signs of remorse. Scott's attorney declined to comment after the sentencing. William Morris covers courts for the Des Moines Register. He can be contacted at wrmorris2@ or 715-573-8166. This article originally appeared on Des Moines Register: Former Iowa official gets probation for sending lewd videos
CBS News
11-06-2025
- CBS News
Cleanup continues in downtown Waxahachie after freight train derailment involving ethanol tankers
A freight train derailment in Waxahachie is continuing to disrupt activity in part of the city's downtown. Train derails late Monday CBS News Texas A Union Pacific freight train with 110 cars derailed around 11:30 p.m. Monday, shutting down roads from Peters Street to Gibson Street, according to the city of Waxahachie. No injuries were reported. It's not clear why 16 cars came off the tracks, with 14 of those overturning on their sides. "We've had some smaller derailments that are usually just one or two cars and that can be quickly cleaned up and taken care of, but nothing to this extent," said Waxahachie City Manager Michael Scott. Tankers carried ethanol According to Scott, several of the overturned tankers were carrying ethanol, a highly flammable liquid. Hazardous materials specialists were on scene Tuesday. "As much as there's ethanol in these tankers, there's been no leaks detected," Scott said. "And so it's a safe scene." Even though there is no current threat to public safety, the city urges caution for anyone traveling near the impacted area. Businesses affected by closures Several of the businesses closest to the site will likely be closed until the cleanup is done. "It's a good thing that did happen late at night instead of during the day because it's pretty busy in downtown Waxahachie," said Tracey Richardson, the owner of Tru Love Salon in downtown Waxahachie. The salon isn't far from where the incident happened, but the biggest impact Richardson has seen is the traffic. There are multiple road closures surrounding the tracks. "Backed-up clients are running a little behind, and we're all trying to just work with them on that," she said. "Everything's about a 15-minute delay because they're all getting stuck at the traffic." Community seeks answers As other surrounding businesses wait for all the damage to be cleaned up, they wait for answers, too. "I've never seen anything like this," said Ivan Diaz de Leon, who owns Ellis County Epoxy. "Was it a railroad issue? Was it a weather issue? It's just, it's weird. Never seen this before." Union Pacific doesn't have an estimate as to when the cleanup will be done. When the derailed train cars are all removed, the roads will need to be assessed to ensure they are safe to drive on. Cleanup could take days The entire process could take days. In the meantime, the city is encouraging people to steer clear of the area to allow crews to work quickly and safely.
Geek Tyrant
31-05-2025
- Entertainment
- Geek Tyrant
Michael Scott From THE OFFICE Amusingly Inserted Into SEVERANCE — GeekTyrant
Here's an incredibly funny and entertaining video that inserts Michael Scott from The Office into the world of the hit Apple TV+ series Severance. It specifically places the character on the 'Severed Floor' at Lumon Industries, and as you might imagine, the whole thing is ridiculously silly. The video came from the YouTube channel hyperspacefool, and I hope you enjoy it!
