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Investment News 09/2017



Investment in one area of fintech is up more than 2500% year-on-year
That's up from just £7.8 million of investment in the first half of 2016, representing a 2695% jump. Roy Jubraj, Accenture's Digital & Innovation Lead for Insurance, said in a statement: "2017 is looking like the year of UK insurtech, with a dramatic ...
Brazil's Temer in China amid push for investment
In remarks at the start of their meeting, Xi noted that bilateral cooperation in trade, investment and finance has grown and pointed to new Chinese investment in Brazil in power, agriculture, infrastructure and other fields. "The Brazil-China ...
At Chinese border, North Korean investment opportunities abound (in theory)
While local Chinese government officials vocally support investment into tax-free shopping zones, theme parks and a railway connecting North Korea and Russia, their presentations fail to mention one key thing – the impact of mounting international ...
Hedge Fund Winton's Chief Investment Officer Quits to Launch New Firm
Matthew Beddall worked at Winton for about 17 years and is one of the best-known managers of computer-driven hedge funds in Europe. He left Winton last week, according to regulatory filings. He has set up Havelock London, a consultancy and investment ...
Andrew Left Is Bearish On Bitcoin Investment Trust
On CNBC's "Fast Money" Thursday, Andrew Left said he took a short position in Bitcoin Investment Trust (OTC: GBTC). He is bearish because the net asset value of the investment trust is twice the amount of the underlying Bitcoin. There are other things ...
INVESTMENT FOCUS-Great expectations: earnings beats lose allure for stock investors
LONDON, Sept 1 (Reuters) - The latest corporate results season in Europe, while solid, was marked by lukewarm share price moves even for companies that reported better-than-expected profits - a sign that strong earnings growth is no longer a reason for ...
What does a significant investment in the Heartland look like? Texas
But for a look at what a significant investment in the Heartland looks like, one should look to Cook's last stop on his mini-Heartland tour: Austin, Texas. The state of Texas has the second-highest number of Apple employees, at 8,407, and the Austin ...
Investment Giant Votes to Require Exxon to Detail Climate Risk Disclosure
Investing giant Vanguard voted to require ExxonMobil to include more detailed assessments of how climate policies impact its bottom line, according to proxy voting records released Thursday. Vanguard's vote at the shareholder meeting and its vote in ...
Virginia Warns of Scam Investment Opportunities After Hurricane Harvey
Virginia's State Corporation Commission is warning of investment scams as Texas and Louisiana begin to recover from Hurricane Harvey. The SCC warned of Virginians receiving unsolicited emails, social media messages, pitches or telephone calls ...
Aon to buy real estate investment firm Townsend from Colony NorthStar: sources
NEW YORK (Reuters) - Insurance broker Aon Plc (AON.N) will buy real estate investment management firm The Townsend Group from Colony NorthStar Inc (CLNS.N) for $475 million to expand its property investment management portfolio, people familiar ...
Exxon Mobil plans $200 mln investment in Argentina's Vaca Muerta
Attracting investment to the Belgium-sized Vaca Muerta play, one of the world's largest unconventional gas reserves, is a key priority for Macri's business-friendly administration as it seeks to boost local energy production in order to reduce costly ...
ETF Flopper: Bitcoin Investment Trust Sinks 20%
All it took was a tweet from Citron Research for the Bitcoin Investment Trust (GBTC) to suffer a massive one-day drop. Bitcoin, the world's most popular cybercurrency, hit fresh highs this week on the heels of North Korea's recent missile launch. Today ...
Preserve the investment protections in US free trade agreements
A recent dispute in Guatemala highlights how foreign investment can positively transform an area while underscoring the need for fair trade protections for American interests. Following the conclusion of CAFTA, Tahoe Resources through its subsidiary ...
At long last, investment research may begin to offer value for money
Sixteen years have passed since I wrote a review on the institutional investment management industry for Her Majesty's Treasury. I highlighted many shortcomings in this sector, including poor value for money and the failure of fund managers to be ...
Berko: Don't get sucked into 'art investment'
Dear Mr. Berko: I've been given the opportunity to invest in Treasure Investments Corp. by CEO Mark Russo. The investment consists of buying stock at 20 cents a share with a minimum investment of $25,000. The goal is to raise $10 million. The strategic ...
Here are 3 ways to close the investment timing gap
We can all be accused of bad timing on occasion: walking in at the wrong moment or telling an inappropriate joke at a family gathering. Yet when it comes to investing, most individuals are consistently bad at timing market moves, although there are ...
Dallas Police and Fire Pension System sues investment advisers, former attorney
The Dallas Police and Fire Pension System filed a lawsuit Thursday in Dallas County against its former investment consultants and its former attorney for alleged negligence that led to hundreds of millions of dollars in investment losses. The suit ...
State sues owner of NFL's KC Chiefs in investment scandal
The owner of the Kansas City Chiefs struck a pay-to-play deal with former Gov. Bill Richardson's administration, the State Investment Council alleges in a new lawsuit, claiming the billionaire NFL scion secured hundreds of millions in state investment ...
Forward Guidance: Andy Snyder on the Future of American Infrastructure
If you remember, right after Trump got elected, he gave a speech in which he talked about a $1 trillion infrastructure investment. And from what I understand, your latest work ties into that idea. So what's the current status of that trillion-dollar ...
The ethical investment boom
The BYD investment story is a small part of a much bigger trend. Investors are finding that if they are good to the planet and to people, they also end up, on average, benefiting themselves. There is mounting evidence that funds which observe ...
New Mexico sues Chiefs owner Clark Hunt, alleging kickbacks in $300 million investment
Kansas City Chiefs owner Clark Hunt improperly secured hundreds of millions in state investment money through a kickback deal tied to former New Mexico Gov. Bill Richardson's administration, the state claims in a lawsuit. The New Mexico State ...
Chiefs owner Clark Hunt sued over New Mexico investment deal
KANSAS CITY, Mo. -- The owner of the Kansas City Chiefs is being accused in a lawsuit of improperly receiving hundreds of millions in state investment money through a kickback deal with New Mexico officials. The Kansas City Star reports Sunday the New ...
RPT-INVESTMENT FOCUS-Great expectations: earnings beats lose allure for stock investors
LONDON, Sept 1 (Reuters) - The latest corporate results season in Europe, while solid, was marked by lukewarm share price moves even for companies that reported better-than-expected profits - a sign that strong earnings growth is no longer a reason for ...
Famous Investor Thinks Bitcoin Investment Trust Is Overrated
The trust is run by Grayscale Investments, an investment firm that focuses specifically on digital currencies, and is designed to track the price of Bitcoin. The actual book value of the investment vehicle is around $820 million, based on Bitcoin's ...
Indonesia's regulator eases investment rule to aid infrastructure funding
JAKARTA, Sept 4 (Reuters) - Indonesia's financial regulator has changed its rules governing investments by non-bank financial institutions, according to a new regulation signed last week, in a move aimed at getting those firms to support government ...
Warburg Pincus adds $183 mln to China's Nova Property investment
HONG KONG, Sept 4 (Reuters) - Private equity firm Warburg Pincus LLC on Monday said it will invest $183 million in Nova Property Investment Co. Ltd as the Chinese real estate developer and asset manager it co-founded looks to expand 'aggressively' in ...
China's pledge to open its market for trade and investment must be honoured on the ground
Against international cross currents that are increasingly unfavourable to globalisation, China has achieved a lot of goodwill in the global political arena by supporting open trade and investment. At the recent G20 Summit in Germany, China played an ...
Via gets investment from Daimler for European expansion
Large vans may not be the staples of suburban family garages, but the are experiencing a resurgence thanks to new ride-sharing platforms. Via announced Monday a $50 million investment and joint-venture agreement with Daimler to launch on-demand ...
Workplace pensions giant appoints new investment chief
The organisation behind The People's Pension — one of the largest private sector pension schemes in the UK — has appointed a new chief investment officer. Nico Aspinall has taken on the role at B&CE, which has run retirement money for 30 years and in ...
Provider of The People's Pension hires chief investment officer
Nico Aspinall was named chief investment officer at B&CE, provider of multiemployer plan The People's Pension, West Sussex, England. The role is new and Mr. Aspinall started Monday, said a spokesman for the firm. B&CE is a not-for-profit organization ...
African countries hope to attract more Chinese investment
CHANGCHUN, Sept. 4 (Xinhua) -- Delegates from African countries are hoping to attract more Chinese investment at the ongoing 11th China-Northeast Asia Expo in Changchun, capital of northeastern Jilin Province. Representatives from Ethiopia, Kenya, ...
Democratized Finance and the Rise of Investment Crowd Funding
For an entrepreneur, investment crowdfunding can be a highly effective method of sourcing seed money to launch a start-up or project, particularly when more traditional means of raising funds, such bank loans and venture capital, are not available, too ...
Chiefs looking for big return on investment with defense
It's not just a monetary investment in their defense, either. Their selection of quarterback Patrick Mahomes II in April ended a streak of three straight years in which the Chiefs used their first draft pick on defense, a string of successful moves ...
Chiefs owner sued over New Mexico investment deal
KANSAS CITY, Mo. -- The owner of the Kansas City Chiefs is being accused in a lawsuit of improperly receiving hundreds of millions in state investment money through a kickback deal with New Mexico officials. The Kansas City Star reports Sunday the New ...
How an Investment in Croatian Gas Could Bolster American Security
How an Investment in Croatian Gas Could Bolster American Security. A fisherman stands in a boat as a liquid natural gas tanker passes the coast near. As European nations reinvest in security, a comprehensive approach demands developing alternatives to ...
Aon to Buy Real Estate Investment Mgmt. Firm, Townsend Group, for $475M
Insurance broker Aon Plc said on Friday [Sept. 1] it would buy real estate investment management firm The Townsend Group from Colony NorthStar Inc for $475 million, helping expand its property investment management portfolio. Aon has been tweaking its ...
Norway's wealth fund appoints Europe, US real estate investment chiefs
OSLO, Sept 5 (Reuters) - The Norwegian sovereign wealth fund's real estate investment unit has appointed Per Loeken and Romain Veber as chief investment officers for the United States and Europe respectively, it said on Tuesday. Both come from senior ...
How Personalities Determine Investment Styles
On my desk is a paper that purports to show how investment preferences are correlated with personality. This being 2017 rather than the Reagan years, the paper doesn't explain that rock-climbers like stocks, while librarians favor bonds. Arguments that ...
Teekay And Daughter Firms: Comprehensive Investment Update
We doubled down by updating our research and welcoming major investment partners. In July 2017, troubled daughter Teekay Offshore Partners reached a full restructuring. The bearish thesis was decimated, we're up 70% in under 3 months. Big upside ...
Citigroup Eyes Payments-Sector Consolidation with Investment Banking Hire
Citigroup Inc. has created a separate services group within its investment-banking coverage of the industrials sector and appointed two global co-heads to oversee the new division amid a flurry of deal-making in the payments-processing sector in Europe ...
GEA touts $100M investment, but union leader worries about future
The improvements, part of a $30 million investment in a new high-end refrigerator line, came about in part because of collaboration between managers, engineers and operators who began preparing for the new product launch about a year ago, said Michael ...
There's a huge investment opportunity in the smart home, Barclays says
You might want to think about investing in companies working to make our homes smarter, according to Barclays. Manav Patnaik, an analyst at Barclays, said in a note to investors on Tuesday that the connected home "could represent one of the most ...
Exxon Mobil - Tiger Or Dog Investment?
Exxon Mobil not only put a tiger in your gasoline tank, but it put a tiger in your investment account as well. I first bought XOM in 2004 at a price of $44.00 and later sold it in May of 2008 at a price of $88.83. In 2009, I started accumulating shares ...
Post-Labor Day Investment Thoughts: Financial Advisors' Daily Digest
A Nobel Prize-winning economist looks at income inequality, and your correspondent adds his thoughts. Martin Lowy and BeattlesRockerTom analyze the causes of America's changing economics. Jeff Miller's “Weighing the Week” questions the evidence for ...
Why Beanie Babies make for a better investment than bitcoin
'Ultimately, most of the cryptocurrencies will go out at zero. Don't say I didn't warn you'. Getty. Will bitcoin last this long? By. ShawnLanglois. Social-media editor. 'At least Beanie Babies have the alternative use for kids to play with.' David ...
'Not an Investment': Internet Archive Defends Decision to Hold Bitcoin
The Internet Archive, the nonprofit digital library dedicated to providing "open access to all knowledge," has spoken out on why it accepts – and holds onto – the bitcoin donations it receives. In a recent blog post, the organisation spelled out that ...
The 'September Effect' Is Real: Bespoke Investment Group
History shows that September is a time to take a breather. U.S. equity markets are higher by more than 10 percent in 2017, and since the beginning of 2014, the Dow Jones Industrial Average (DJIA) is higher by 33 percent. Over this period of 44 months ...
Bitcoin's price hit $5000 last week. It's still a dumb investment
Late last week, I noticed a spike in what we might think of as a certain financial index. It wasn't the trading in a financial instrument per se, but in the online traffic in a column I had written in December 2013. The column examined the recent crash ...
Why Bitcoin Is The Investment Of The Decade
At current valuations, you get half a niche payment disruptor with a gold disruptor thrown in for free. GBTC is still a feasible short term play on Bitcoin. We always overestimate the change that will occur in the next two years and underestimate the ...
Cryptocurrency Prices Rise Back Above $150 Billion as Investment Rebounds
Most telling is that a similar increase was observed in the market for crypto assets, which saw its total investment recover to $8.5 billion, up nearly 20% from a low of $7 billion just a day before, according to data from CoinMarketCap. Indeed, some ...