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Investment News 02/2016



Pension Fund's woeful return on investment will leave taxpayers hurting
By the end of December (six months into Fiscal Year 2016), the $4.68 billion investment fund had lost 4.75 percent of its value, said City Finance Director Rob Dubow. That's roughly $220 million. Although the city is still anticipating a return of 7.8 ...
NDDC To Partner With Polish Firm For Investment And Development
She added that the Em-Bud group did not make any mistake in looking in the direction of the Niger Delta for investment opportunities. Representing the Acting Managing Director, Mrs Ibim Semenitari, the Directorate of Public and Private Partnership (PPP ...
Liar, Liar, KPMG Capital's Investment Into Norse Corp. On Fire
(Photo by Patrick Lux/Getty Images). Brian Krebs, previously a Reporter for The Washington Post where he wrote blog posts for the popular 'Security Fix blog' plus hundreds of stories for the print and online versions of the newspaper, authored an ...
An Ex-Investment Banker's New Novel Delves Into Sexism on Wall Street
But while Belle's on-the-job trials are fictional, many of them were inspired by the real life of Sherry, once a managing director at the failed New York-based investment bank, Bear Stearns. The book, which comes out on Tuesday, has already gotten some ...
CenterPoint Energy Mulls Strategic Alternatives of Enable Investment
CenterPoint Energy Inc. said Monday it was considering selling or spinning-off its investment in publicly traded Enable Midstream Partners and that it was exploring converting its own utility business to a REIT business model. CenterPoint owns a 50% ...
Middle Tennessee Investment Group Now Majority Owner of The Heritage at Brentwood
BRENTWOOD, TN--(Marketwired - Feb 1, 2016) - The Heritage at Brentwood, a community managed by Life Care Services™, an LCS® Company, today announced that Middle Tennessee-based investment group, Heritage Investment Partners -- led by John ...
Twitter Stock Pops on Another Rumor of Investment Deal
Shares of Twitter, battered in recent weeks after a wave of exec departures and investors fretting about sluggish user growth, opened sharply higher Monday following a report that the social company has been in talks about a possible deal with private ...
Victory Capital's CEMP Investment Franchise to Ring The Nasdaq Stock Market Opening Bell
CEMP, a Victory Capital investment franchise, will visit the Nasdaq MarketSite in Times Square. CEMP, which was formerly named Compass EMP, has developed a strategic beta indexing approach that combines fundamental criteria with volatility weighting ...
Emerald Investment Conference Shadows Groundhog Day – Investment Professionals Gathering in Philadelphia on ...
Emerald Investment Conference Shadows Groundhog Day – Investment Professionals Gathering in Philadelphia on ...
For Investment Success, Forget Your Opponents; Focus On Par
2015 was one of the most challenging years we've faced as a value-oriented manager. Our investment style, broadly classified under the banner of value investing, was out of favor during the year and suffered almost double-digit underperformance ...
Migrating Tropical Diseases = Global Investment Imperative
Disclosure: I am/we are long GSK, MRK, NVS, PFE, SNY. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose ...
Mulligan's sold to Maryland investment firm
Florida restaurant chain Mulligan's Beach House Bar & Grill, with posts in Lauderdale-by-the-Sea and Lake Worth, has new owners. Maryland-based JPB Capital Partners announced Monday that it had bought a majority interest in the seafood restaurant ...
Bitcoin Exchange Kraken Secures Investment from Japan's Leading VC Firm
Japan's leading venture capital firm SBI Investment has been revealed as the lead investor in the Series B round of financing in bitcoin exchange Kraken. In an announcement via a press release today, bitcoin exchange Kraken revealed it had secured a ...
Investment acronyms shift from optimism to angst
Investment acronyms are shifting from optimism to angst. The BRICs are defunct. When former Goldman Sachs Chief Economist Jim O'Neill lumped together the first letters of Brazil, Russia, India and China, the composition captured the allure of fast ...
Index Ventures Spins Off Biotech Investment Arm Into New Firm
Index Ventures, best known for funding startups like Skype and the creator of the Candy Crush Saga online game, is spinning off its biotechnology investments into a new venture-capital firm. Medicxi Ventures will be one of the largest firms of its kind ...
Lesson from UBS: Who'd be an investment bank CEO?
Running an investment bank is a well-paid but sometimes frustrating business. At UBS, investment bank boss Andrea Orcel has presided over several quarters of 20 percent-plus returns on equity, as rivals have barely managed half that. Yet in the quarter ...
In Attempt To Mimic Uber, Health On-Demand Attracts $1 Billion Investment
The move to make the healthcare system a digital first industry as Uber and Lyft have done for U.S. transportation will trigger a quadrupling to $1 billion the projected investment in on-demand health products this year. A new report from Accenture ...
Investment In Architizer Shows That If You're Building It, Venture Capital Will Come
Construction's new embrace of technology is in part because of the ubiquity of mobile devices and the development of software as a service models that don't require the significant infrastructure investment that companies used to need to deploy ...
Iranian investment roadshow billed for February
A roadshow addressing investment opportunities in Iran is sat to take place in Muscat later this month. The one day event comes a month after sanctions spanning five decades were lifted, that had previously prevented any form of investment in Iran ...
Magic Leap wins $794 million investment by Alibaba
The new investment includes Warner Bros. Magic Leap, which recently opened a new headquarters in Plantation, is developing a virtual reality platform for entertainment and other uses. The Alibaba-led investment will acclerate bringing Magic Leap's ...
Mol Scales Back Investment Plans to Ride Out Oil Slump, COO Says
Mol Nyrt. is planning to cut back investment and focus on assets closer to Hungary that can still generate cash after a plunge in oil prices, the head of the upstream division at Hungary's largest refiner said. Mol has expanded in Norway and the U.K ...
Thailand Expects More Investment from China in 2016
Thailand is anticipating more investment from China this year, Thailand's finance minister said this week. China is already a significant investor in Thailand: during the first nine months of 2015, Beijing invested more than 12 billion baht (about $4 ...
Lee Roberts joins with Medical Mutual to form SharpVue investment fund
After stepping down as Gov. Pat McCrory's state budget director, Lee Roberts joined with Raleigh-based Medical Mutual to launch a new investment group named SharpVue Capital. For starters, SharpVue will take $100 million from Medical Mutual, though ...
Denver Tech Center building sold, buyer to crowdfund investment
One thing sets this sale apart: The new owner, Origin Capital Partners, plans to crowdfund a portion of the investment. The Chicago-based real estate investment firm teamed up with Hamilton-Titan to acquire Denver Corporate Center I, 4700 S. Syracuse ...
Magic Leap Raises $793.5 Million Series C Investment to Accelerate Adoption of Secretive AR Tech
Magic Leap today announced the closure of a massive $793.5 million Series C investment led by Alibaba. The company has kept their supposedly revolutionary AR tech under wraps to the public, but seem to have no trouble convincing investors to pour cash ...
First Trust Energy Income and Growth Fund Announces Change to Investment Strategy
First Trust Energy Income and Growth Fund (FEN) (the “Fund”) announced today that the Board of Trustees of the Fund has approved a change to the Fund's investment strategy as described in the table below. The Fund is a non-diversified, closed-end ...
Oil Industry Cutting Jobs, Investment to Offset Lower Prices
Oil companies are cutting investment, slashing jobs and selling off pipelines and other assets as crude prices plunge. "It's going to be a very turbulent year for our industry," says BP CEO Bob Dudley. The latest warnings came from Exxon Mobil, which ...
[Archives] Active Managers' Investment Skills – Best Ideas
When asked to talk about his portfolio, the typical investment manager will identify a position therein and proceed to describe the opportunity and the investment thesis with tremendous conviction and enthusiasm. Frequently the listener is overwhelmed ...
Charlottesville area is fastest growing for startup investment in US
The Charlottesville area has been the country's fastest-growing market for venture capital investment since 2010, according to a national report. The number of companies receiving venture capital funding, according to a report from the National Venture ...
Charlottesville area is fastest growing for startup investment in U.S.
The resulting increase in venture capital investment, in turn, made the city more attractive to scientists and engineers, Shannon said, which has only amplified the growth. New entrepreneurship programs at the Darden School and the McIntire School of ...
Oil industry cutting jobs, investment to offset lower prices
Oil companies are cutting investment, slashing jobs and selling off pipelines and other assets as crude prices plunge. "It's going to be a very turbulent year for our industry," says BP CEO Bob Dudley. The latest warnings came from Exxon Mobil, which ...
Arotech Announces $3 Million Stock Investment by Admiralty Partners, Inc.
ANN ARBOR, Mich., Feb. 3, 2016 /PRNewswire/ -- Arotech Corporation (Nasdaq GM: ARTX) announced today that it has signed a definitive agreement with internationally-recognized aerospace and defense investment firm Admiralty Partners, Inc. and closed ...
Economists say houses are a bad investment. Here's why they're wrong.
Lots of people think buying a house is a good investment — in fact, many American households have a lot more money invested in home equity than in the stock market. But a lot of economists think people are making a mistake. George Mason University ...
Corporate tax reform should encourage investment, not profit-taking
The United States needs faster growth to create the good jobs and higher living standards that Americans expect. The best way to produce higher growth is to speed up the rate of investment in new capital equipment (which includes machines, equipment, ...
$4.2B in industrial investment announced in SC in 2015
COLUMBIA, S.C. (AP) - More than $4.2 billion in business investment was announced in South Carolina during 2015 - investment expected to create more than 17,000 jobs. The South Carolina Department of Commerce announced Wednesday that 150 ...
Here's What Oil and Gas's Ugly 2015 Did to Business Investment
In the final quarter of 2014, business investment related to oil, gas and other mining hit an all-time high. One year later, that's dropped by more than half. It's the second-biggest yearlong drop in inflation-adjusted investment seen by any of the ...
New Orleans among three cities picked for poverty-fighting investment
The Low Income Investment Fund, based in San Francisco, has already invested in projects in New Orleans, including an $8 million new market tax credit transaction in partnership with Chase Bank for an expansion of Kingsley House. The fund also invested ...
The Bear Case for Apollo Investment and PennantPark Investment
Credit-rating agency Fitch laid out the succinct bear case for Apollo Investment (NASDAQ:AINV) and PennantPark Investment (NASDAQ:PNNT) in a recent note to investors. "Leverage ratios for these two firms are the most affected from an oil and gas write ...
Do You Think of Your House as an Investment?
This debate has been reopened recently thanks to a post by Alex Tabarrok on Marginal Revolution saying buying a house is overrated as a financial investment. Timothy B. Lee counters back on Vox with a few arguments in favor of housing. For example ...
10 Answers That Will Make Your Startup Plan Worthy of Investment
Either of these qualms can ultimately sidetrack your startup as not worthy of investment, so it pays to do your homework on what you say and how to communicate effectively. As a startup advisor and investor, I recommend a pitch deck with about 10 ...
Index Ventures Closes on $550 Million Investment Fund
Index focuses primarily on investing in the seed and early stages of a company's life, leaving the firm less exposed to later fluctuations in that start-up's value. Moreover, he contends, the investment strategy gives the firm a longer time horizon ...
Sometimes 'Buy and Hold' Isn't the Right Investment Strategy
It's that time of year — you're looking at your investment returns from last year and, most likely, not feeling too great. Add the large losses already sustained this year, and you're probably turning a little green. We all know the conventional ...
Tesla factory investment, hiring lag state projections
Tesla increased the workforce and capital investment at its 5.5 million-square-foot Northern Nevada battery factory in the last quarter of 2015, according to a report this week from the Governor's Office of Economic Development. But those additions ...
Tax change could bring overseas investment
In 1980, Congress enacted the Foreign Investment in Real Property Tax Act (FIRPTA), which charges a 35 percent levy on the sale of U.S. real estate owned by foreign individuals or entities. Critics have long regarded FIRPTA as unfair in that it places ...
Increase the investment in Missouri's roads and bridges
Our state ranks 46th in per-mile road maintenance and it shows, as 22 percent of roads are in poor condition and 23 percent of our bridges are in need of repair. It's time for our state lawmakers to increase investment in transportation, so that we are ...
Sharp Weighs Investment Proposals, Decision Within a Month
Troubled Japanese electronics maker Sharp plans to decide within a month between investment offers from Taiwanese company Hon Hai, also known as Foxconn, or a consortium of Japanese investors. Sharp Corp. has acknowledged it needs to restructure ...
Credit Suisse Investment Bank Buffeted as Clients Flee Risk
Thiam's efforts to shrink the investment bank to help Credit Suisse meet tougher capital rules have dovetailed with market upheaval triggered by a collapse in oil prices and fears of a slowdown in the Chinese economy. The CEO, who took over from Brady ...
Making Financial Advisers and Investment Bankers Better Teammates
“I-bankers look at us as second-class citizens,” a financial adviser from one of the big brokerages recently said to me, referring to his colleagues in investment banking. If you are a wealth manager at a major financial institution who has phoned an I ...
Sonatype Snares $30 Million Investment Led By Goldman Sachs
Sonatype, a company that helps customers create automated, policy-driven software component security, announced a $30 million round today led by Goldman Sachs. The investment was a mix of debt and equity financing and was handled by Goldman's ...
Cellular Biomedicine Group (CBMG) Receives $43M Strategic Investment From Dangdai International
Hubei Province Department of Commerce is processing DANGDAI's remaining funding of $38.13 million as an outbound foreign direct investment. The Company expects funding completion before April 15, 2016. As part of the consideration, CBMG has ...