Hedge While You Play, Profit From Porn, Sex Toys Susan Antilla

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 [...]

More Than 200 Clients Rely On Advent Portfolio Exchange

Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services to the investment management industry, today announced that more than 200 clients have licensed Advent Portfolio Exchange? (APX) since the product was launched in late 2005. APX is Advent’s next generation portfolio management solution offering a powerful platform that brings together mission-critical portfolio [...]

Selects Eagle Access Asp Solution

Eagle Investment Systems LLC, a leading provider of financial services technology and a subsidiary of The Bank of New York Mellon, today announced that Ark Asset Management Co., Inc. (Ark), a leading investment management firm in the institutional marketplace, will transition its installation of the Eagle investment management suite, which is currently managed in-house, to [...]

Dinapoli Hires Hedge Fund Consulting Firm For Investment Advice

State Comptroller Thomas DiNapoli has hired a hedge fund consulting firm to examine part of the state pension fund’s portfolio during the next three years.
DiNapoli, the trustee of the $154.5 billion state retirement fund, said he has retained New York City-based Aksia LLC for investment advice. The firm will focus on the “absolute return” part [...]

Reech Bucks Weak Europe Property Trend

Hedge fund Reech AiM said on Monday that its flagship $160 million (82 million pound) Iceberg European real estate fund posted a 29 percent net return in its first year, massively outperforming underlying commercial property markets.
According to data from Investment Property Databank, the combined rental income and capital growth return on British commercial property in [...]

Citi Alternative Investments Posts $358M Loss

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 [...]

Asset Manager Bucks Trend With Spacs Move

US alternative asset manager Angelo, Gordon has decided to buck the trend by listing a special purpose acquisition company while others were waiting for equity market conditions to improve.
The hedge fund, real estate and private equity manager, which has $15bn (€9.6bn) of assets under management, has set out to raise $300m for the Spac, the [...]

Despite A Challenging Financial Environment

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 [...]

Charities Miss Out On 750M Investment Profit A Year

Good causes are missing out on ï¿¡750m a year because charities are not managing their vast endowments properly, Investment Opportunity a report by the Institute for Philanthropy has shown.
A survey of 277 charities, including the Wellcome Trust and the Joseph Rowntree Foundation, found that trustees with responsibility for ï¿¡56bn routinely consider investment issues “off the [...]

Investment Firms Pull Back On Borrowing

Big Wall Street investment companies are pulling back on their borrowing from the Federal Reserve’s emergency lending program.
The Federal Reserve says in a report Thursday that those firms averaged $24.8 billion in daily borrowing over the past week. That compares with $32.6 billion in the previous week.
The program, which began March 17, is one of [...]