Posted by admin on June 20th, 2008
Peter Lynch, the famed investor and vice chairman of Fidelity Investments, often advised to “invest in what you know.”
Maybe that’s why Francis Koenig thinks Wall Street is ready to come around to putting big money into the adult-entertainment business.
Koenig is chief executive officer and founder of AdultVest Inc., “the world’s first and only investment community [...]
Posted by admin on May 17th, 2008
Citigroup swung to a huge loss in the first quarter, hurt in part by poor performance and write-downs at its alternative investments business.
The losses at Citi Alternative Investments were a relative drop in the $5.1 billion bucket of red ink: the group recorded “negative revenue†of $358 million “on sharply lower proprietary revenues†and $212 [...]
Posted by admin on May 7th, 2008
RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division, announced it has launched a new venture that will invest over $1 billion over the next three years in India’s growing real estate market.
The new venture, RREEF India Advisors, which will be run by country head Kishore Gotety, will be [...]
Posted by admin on May 7th, 2008
Vinod Aachi, head of equity structuring, private banking and retail coverage Asia ex-Japan at Deutsche Bank, provides a perspective on what the credit crisis and the return of volatility have meant for the structured products market in Asia and how issuers of such products can remain relevant in the current market environment.
It’s no surprise that [...]
Posted by admin on May 7th, 2008
SCOR realises strong net income of EUR 124 million in the First Quarter 2008, up 63% despite a challenging financial environment
SCOR records strong results, carrying its profitability momentum into 2008. A strong business performance in Non-Life and Life more than offsets a decrease in investment income due to a challenging financial market environment. The quarter [...]
Posted by admin on April 27th, 2008
Turkish property has increased in popularity over the past year, while Morocco, Cyprus, Portugal and Italy have also shown significant growth as property hotspots.
Turkish property* has soared in popularity more than three-fold over the past year amongst British investors, research from Moneycorp’s Foreign Focus Index reveals. The number of enquiries relating to buying property in [...]
Posted by admin on April 22nd, 2008
The Madhvani group is set to scale up its investment portfolio in Rwanda with new ventures valued at US$20 million in the telecoms, tourism and insurance sectors.
The group already has investments worth $13 million in the sugar industry.
Mr. Mayur Madhvani, the group managing director recently presented his investment plans to President Paul Kagame.
The Madhvani group [...]
Posted by admin on April 16th, 2008
BlackRock Inc.’s first-quarter net income rose 24% but failed to meet analysts’ expectations, as investors withdrew money from the firm’s core bond funds to put into lower-fee cash investments.
While the company posted earnings of $1.82 a share, Investment Banking up from $1.48 a share, a year earlier, analysts surveyed by Thomson Financial forecast on average [...]
Posted by admin on March 30th, 2008
By Jonathan Stempel and Dan Wilchins
NEW YORK (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) is cutting about 2,000 more investment banking and trading jobs, a person briefed on the matter said, as the largest U.S. bank moves to lower costs after subprime mortgage and credit problems led to a record [...]
Posted by admin on March 21st, 2008
NEW YORK (AP) — Citigroup Inc. is continuing to cut investment banking and trading jobs this year as the bank tries to lower costs while recovering from colossal credit-related losses.Each year we identify the bottom 5% of performers in the Institutional Clients Group, and some number of these people leave the firm, Citigroup spokesman Dan [...]