Latest news with #PSN
Yahoo
22-05-2025
- Business
- Yahoo
Stansberry Asset Management Named to PSN Top Guns List of Best Performing Strategies for Q1 2025
Quarterly PSN Top Guns List published by Zephyr identifies best-in-class separate accounts, managed accounts, and managed ETF strategies WESTLAKE, Texas, May 22, 2025 (GLOBE NEWSWIRE) -- Stansberry Asset Management ('SAM') has been named to the celebrated PSN Top Guns List of best performing separate accounts, managed accounts, and managed ETF strategies for Q1 2025. The highly anticipated list, published by Zephyr, remains one of the most important references for investors and asset managers. "Q1 2025 presented a fascinating market narrative marked by significant rotation and global shifts. Success demanded adaptability, deep market understanding, and strategic positioning," says PSN Product Manager Nick Williams. "PSN Top Guns managers demonstrated exceptional skill in navigating these complex dynamics, where value sectors outperformed growth, international markets showed strength, and policy shifts created both challenges and opportunities. Their expertise in reading and responding to these evolving market conditions continues to showcase the enduring value of active management in separately managed accounts." SAM's recognition highlights the strength of two flagship strategies—Gold and Income—which posted standout performance and offered clients differentiated results in a highly dynamic market. 'Our Gold and Income strategies stood out in Q1 not only for their positive performance but also for how they navigated volatility with purpose,' said Austin Root, Chief Investment Officer at SAM. 'Gold offered a meaningful hedge amid rising macroeconomic uncertainty, while our Income strategy delivered yield without sacrificing downside protection. This recognition from Zephyr underscores the value of our active, research-driven approach.' Through PSN's proprietary performance screens, the PSN Top Guns awards products in six proprietary categories across more than 75 universes, based on consistent performance over time. SAM's Gold strategy earned a PSN Top Guns Q1 and 1-Year award, meaning it ranked in the top ten returns of the US Equity Universe, comprised of 2,658 other strategies. For Q1 2025, the strategy ranked #1, and for the 1-Year period ending 3/31/2025, it ranked #2 within the universe. The Gold strategy is designed for investors seeking to increase their exposure to precious metals—primarily gold—as a hedge against inflation, currency risk, and market turmoil. It employs a four-pronged approach to generate income and grow capital while maintaining gold's core role as a long-term store of value. In today's environment of rising volatility and macroeconomic uncertainty, gold remains an essential allocation in diversified portfolios. SAM's Income strategy earned a PSN Top Guns Q1 award, ranking #2 in the US Balanced Universe among 300 other strategies. The Income strategy is built to deliver reliable yield while participating in upside markets and offering protection during drawdowns. Actively managed and forward-looking, it searches for yield across traditional and non-traditional sources, favoring companies with strong shareholder-return policies including dividends, buybacks, and special distributions. Its flexible structure allows it to adapt to evolving market conditions while remaining anchored in risk-conscious income generation. The complete list of PSN Top Guns and an overview of the methodology can be located at To Learn more about SAM's Gold and Income Strategies you can visit: Gold Strategy: Income Strategy: About Stansberry Asset Management (SAM) Stansberry Asset Management is a registered investment advisory firm headquartered in Westlake, Texas, with offices in New York, NY, Clifton Park, NY and San Mateo, CA with clients across the country. SAM marries informed, active, sophisticated investment management with holistic financial and wealth planning, all with a focus on helping clients build and preserve their legacy. SAM's approach is rooted in rigorous analysis, strategic insight, and a commitment to client-centric service. For more information, please visit About PSNFor more than four decades, PSN has been a top resource for investment professionals. Asset managers rely on Zephyr's PSN to effectively reach institutional and retail investors. Over 2,800 firms, 285 universes, and more than 21,000 products comprise the PSN SMA database showing asset breakdowns, compliance, key personnel, ownership diversity, ESG, business objectives and strategy, style, fees, GIC sectors, fixed income ranges and full holdings. Unique to PSN is its robust historical database of over 40 Years of Data Including Net and Gross-of-Fee Returns. PSN Outlook for 2025 provides insight and trends about the SMA industry. You can view it online here. Visit PSN online to learn more. Contact: Claire Sniderinfo@
Scoop
22-05-2025
- Business
- Scoop
Budget Fails To Support Costs Of Social Service Delivery
Press Release – Presbyterian Support Northern We would have liked to see more focus on adequate funding and support of the NGO and charity sectors that deliver the bulk of social service contracts. Presbyterian Support Northern (PSN) welcomes some of the new investment announcements in today's Budget 2025, but is concerned about rising costs for social service providers. 'PSN is pleased to see updates to the Accommodation Supplement boundaries, Working for Families abatement threshold increases, and continued food bank funding,' says PSN CEO Shaun Greaves. 'However, we would have liked to see more focus on adequate funding and support of the NGO and charity sectors that deliver the bulk of social service contracts. 'In the case of PSN, we have seen a consistent year on year reduction in Government funding in real terms, and each year this reduction in support impacts the level of services we can undertake for our clients. 'While we acknowledge that the Government needs to reduce costs, spending restraint should not be at a cost to social service organisations who take up the responsibility of caring for vulnerable New Zealanders hardest hit by a faltering economy.' Greaves says the Government's launch of the Social Investment Fund last week was an encouraging sign, but it's equally important to invest in ensuring organisations are able to continue delivering on existing social service contracts. 'One of our concerns from Budget 2025 is the lack of support for community providers in delivering the increases in Kiwisaver employer contributions. 'This is an extra cost, which although is good for our employees, will take money away from our frontline service delivery.' While Greaves acknowledges the Budget 2025 investment in overhauling the way emergency services respond to 111 mental health call outs, he says it falls short of supporting critical services like Lifeline, a major mental health helpline. 'Lifeline is an important national suicide and mental health helpline delivered by PSN,' he says. We receive nearly 90,000 calls and 240,000 texts a year, but receive no Government funding. We would have liked to see more in the budget to support Lifeline as we're often the first point of call for people in mental distress.' Greaves says that while the increase in the abatement threshold for Working for Families will help more families, the downside is that the first year of the Best Start payment will be income tested. 'This is a concern for us as it's critical for first time parents to have that extra payment to help them give their child the best possible start in life. 'At PSN, we deliver many Government contracts across a wide range of social services, as well as disability support and aged care services. 'Budget 2025 is a missed opportunity to truly support children and families doing it tough, and invest in a better future for our country. 'As a valued partner (with 140 years of service) PSN will continue to work constructively with government and communities to deliver impactful, value-for-money solutions to the issues our country is grappling with.'
Scoop
22-05-2025
- Business
- Scoop
Budget Fails To Support Costs Of Social Service Delivery
Press Release – Presbyterian Support Northern We would have liked to see more focus on adequate funding and support of the NGO and charity sectors that deliver the bulk of social service contracts. Presbyterian Support Northern (PSN) welcomes some of the new investment announcements in today's Budget 2025, but is concerned about rising costs for social service providers. 'PSN is pleased to see updates to the Accommodation Supplement boundaries, Working for Families abatement threshold increases, and continued food bank funding,' says PSN CEO Shaun Greaves. 'However, we would have liked to see more focus on adequate funding and support of the NGO and charity sectors that deliver the bulk of social service contracts. 'In the case of PSN, we have seen a consistent year on year reduction in Government funding in real terms, and each year this reduction in support impacts the level of services we can undertake for our clients. 'While we acknowledge that the Government needs to reduce costs, spending restraint should not be at a cost to social service organisations who take up the responsibility of caring for vulnerable New Zealanders hardest hit by a faltering economy.' Greaves says the Government's launch of the Social Investment Fund last week was an encouraging sign, but it's equally important to invest in ensuring organisations are able to continue delivering on existing social service contracts. 'One of our concerns from Budget 2025 is the lack of support for community providers in delivering the increases in Kiwisaver employer contributions. 'This is an extra cost, which although is good for our employees, will take money away from our frontline service delivery.' While Greaves acknowledges the Budget 2025 investment in overhauling the way emergency services respond to 111 mental health call outs, he says it falls short of supporting critical services like Lifeline, a major mental health helpline. 'Lifeline is an important national suicide and mental health helpline delivered by PSN,' he says. We receive nearly 90,000 calls and 240,000 texts a year, but receive no Government funding. We would have liked to see more in the budget to support Lifeline as we're often the first point of call for people in mental distress.' Greaves says that while the increase in the abatement threshold for Working for Families will help more families, the downside is that the first year of the Best Start payment will be income tested. 'This is a concern for us as it's critical for first time parents to have that extra payment to help them give their child the best possible start in life. 'At PSN, we deliver many Government contracts across a wide range of social services, as well as disability support and aged care services. 'Budget 2025 is a missed opportunity to truly support children and families doing it tough, and invest in a better future for our country. 'As a valued partner (with 140 years of service) PSN will continue to work constructively with government and communities to deliver impactful, value-for-money solutions to the issues our country is grappling with.'
Scoop
22-05-2025
- Business
- Scoop
Budget Fails To Support Costs Of Social Service Delivery
Presbyterian Support Northern (PSN) welcomes some of the new investment announcements in today's Budget 2025, but is concerned about rising costs for social service providers. 'PSN is pleased to see updates to the Accommodation Supplement boundaries, Working for Families abatement threshold increases, and continued food bank funding,' says PSN CEO Shaun Greaves. 'However, we would have liked to see more focus on adequate funding and support of the NGO and charity sectors that deliver the bulk of social service contracts. 'In the case of PSN, we have seen a consistent year on year reduction in Government funding in real terms, and each year this reduction in support impacts the level of services we can undertake for our clients. 'While we acknowledge that the Government needs to reduce costs, spending restraint should not be at a cost to social service organisations who take up the responsibility of caring for vulnerable New Zealanders hardest hit by a faltering economy.' Greaves says the Government's launch of the Social Investment Fund last week was an encouraging sign, but it's equally important to invest in ensuring organisations are able to continue delivering on existing social service contracts. 'One of our concerns from Budget 2025 is the lack of support for community providers in delivering the increases in Kiwisaver employer contributions. 'This is an extra cost, which although is good for our employees, will take money away from our frontline service delivery.' While Greaves acknowledges the Budget 2025 investment in overhauling the way emergency services respond to 111 mental health call outs, he says it falls short of supporting critical services like Lifeline, a major mental health helpline. 'Lifeline is an important national suicide and mental health helpline delivered by PSN,' he says. We receive nearly 90,000 calls and 240,000 texts a year, but receive no Government funding. We would have liked to see more in the budget to support Lifeline as we're often the first point of call for people in mental distress.' Greaves says that while the increase in the abatement threshold for Working for Families will help more families, the downside is that the first year of the Best Start payment will be income tested. 'This is a concern for us as it's critical for first time parents to have that extra payment to help them give their child the best possible start in life. 'At PSN, we deliver many Government contracts across a wide range of social services, as well as disability support and aged care services. 'Budget 2025 is a missed opportunity to truly support children and families doing it tough, and invest in a better future for our country. 'As a valued partner (with 140 years of service) PSN will continue to work constructively with government and communities to deliver impactful, value-for-money solutions to the issues our country is grappling with.'
Engadget
21-05-2025
- Business
- Engadget
Sony is ending its PlayStation Stars loyalty program
Sony is opting out of its PlayStation Stars loyalty program. Starting today, you can no longer sign up for the program. If you're a member and cancel your membership, you won't be able to sign up again. Current members can still earn points and digital collectibles and level up their status until July 23 at 9:59 PM ET. After that, all campaigns and rewards will be kaput. The program will be entirely discontinued on November 2. But if you keep your membership until then, you can still redeem your points after that, provided they haven't expired. Sony launched PlayStation Stars in 2022. The company's first loyalty program lets you earn points by playing games and making purchases on the PlayStation Store. You can redeem points for items like PSN wallet funds and select store products. The company will now "refocus" its approach to rewards. (How, we don't know.) "We want to thank all of our players for supporting PlayStation Stars since the launch in 2022," Sony wrote on the PlayStation Blog. "As we explore new ways to evolve our loyalty program efforts for the future, we'll continue to celebrate all of our players through the various community activities we have planned."
