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GCM Grosvenor Inc. - $GCMG STOCK NEWS

Welcome to our dedicated page for GCM Grosvenor news (Ticker: $GCMG), a resource for investors and traders seeking the latest updates and insights on GCM Grosvenor stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect GCM Grosvenor's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of GCM Grosvenor's position in the market.

Rhea-AI Summary
Excolere Equity Partners announces strategic partnership with GCM Grosvenor's Elevate strategy in the education and human capital management sectors. The partnership will accelerate hiring of top talent and operational infrastructure. Excolere focuses on segments within the education and HCM sector poised for growth.
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End-of-Day
-1.91%
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Rhea-AI Summary
GCM Grosvenor to release Q3 2023 results on November 8, 2023
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Rhea-AI Sentiment
End-of-Day
-1.91%
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Rhea-AI Summary
Alpaca launches Alpaca Real Estate with anchor capital from GCM Grosvenor. The platform aims to capitalize on dislocations in capital markets and operating fundamentals. It will focus on investment opportunities requiring recapitalization, repositioning, strategic capital, and/or physical transformation. Alpaca plans to leverage technology to enhance efficiencies. Carr and Weiss bring over a dozen years of experience in real estate investing. Alpaca believes it is well positioned with its history of investing in PropTech and sustainability companies.
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Rhea-AI Summary
Vesper Energy secures $100 million investment from GCM Grosvenor, expanding its renewable energy portfolio
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-2%
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Rhea-AI Summary
GCM Grosvenor reports solid results for Q2 2023 with fundraising increasing by approximately 50% to $1.5 billion. Assets Under Management (AUM) increased 7% to $76.0 billion. Fee-Paying Assets Under Management (FPAUM) increased 5% to $60.6 billion. Private Markets FPAUM increased 12% while Absolute Return Strategies FPAUM decreased 5%. Revenue increased 3% to $107.6 million. Net Income decreased 36% to $4.8 million. Adjusted Net Income increased 3% to $22.7 million. GCM Grosvenor approved a dividend of $0.11 per share. Share repurchase authorization increased to $115 million.
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2.56%
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buyback earnings
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0.51%
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-2.13%
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Rhea-AI Summary
GCM Grosvenor, a global alternative asset management solutions provider, announced that its Chairman and CEO, Michael Sacks, will present at William Blair's 43rd Annual Growth Stock Conference on June 7, 2023. The presentation will be available via live audio webcast and a replay will be available for 90 days.
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0.57%
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-3.52%
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-0.12%
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partnership
GCM Grosvenor Inc.

Nasdaq:GCMG

GCMG Rankings

GCMG Stock Data

436.04M
41.67M
2.88%
104.12%
4.51%
Investment Advice
Finance and Insurance
Link
United States of America
CHICAGO

About GCMG

gcm grosvenor is a global alternative asset management firm with approximately $50 billion in assets under management in hedge fund strategies, private equity, infrastructure, real estate and multi-asset class solutions. it is one of the largest, most diversified independent alternative asset management firms worldwide. gcm grosvenor has offered alternative investment solutions since 1971. the firm is headquartered in chicago, with offices in new york, los angeles, london, tokyo, hong kong and seoul, serving a global client base of institutional and high net worth investors. gcm grosvenor specializes in developing customized portfolios for clients who want an active role in the development of their alternatives programs. the firm also offers multi-client portfolios for investors who desire a turn-key solution. offerings include multi-manager portfolios as well as portfolios of direct investments and co-investments.