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Investment News 11/2017



China's JD.com leads $19M investment in Southeast Asian online fashion brand Pomelo
This year has seen unprecedented interest in Southeast Asia's startups from Chinese tech firms, and today we can add another deal to the pile. JD.com, the close rival to Alibaba, has led a $19 million investment in Bangkok-headquartered online fashion ...
China's biggest state-owned investment group reportedly had links to an illicit North Korean ship
In February, the United Nations published a lengthy report (pdf, p52) with information about 20 North Korea-flagged vessels that were owned or operated by foreign companies, in violation of UN sanctions. This week, Hong Kong-based online publication ...
How Does Fidelity Charitable's Investment Menu Stack Up?
Because the funds in donor-advised accounts aren't used simply as way stations for getting money immediately into a charity, my next question was, how do the underlying investment menus rate? And how much will investors end up paying in fees and ...
France's Total postpones investment decision on Absheron gas field until 2018
BAKU, Nov 1 (Reuters) - French oil company Total has postponed an investment decision on development of the Absheron gas and condensate field in the Azeri sector of the Caspian Sea until spring 2018 from December, the company official said on ...
Credit Suisse Digital Officer Quits to Start Blockchain Investment Platform
A former Credit Suisse executive has today launched his own high-end investment management platform on the Ethereum Blockchain. TEND, which describes itself as using “smart contract technologies to enable a new paradigm of shared ownership and ...
AG Mortgage Investment Trust's (MITT) CEO David Roberts on Q3 2017 Results - Earnings Call Transcript
Good morning and welcome to the AG Mortgage Investment Trust Third Quarter 2017 Earnings Call. My name is Brandon and I will be your operator for today. [Operator Instructions] Please note this conference is being recorded. And I will now turn it over ...
CalSTRS reports its investment fees for second consecutive year
(Reuters) - The California State Teachers' Retirement System announced on Wednesday the total costs and fees paid to manage its investment portfolio for the second consecutive year. CalSTRS found total expenses, including carried interest, reached $1 ...
Winklevoss Twins' Bitcoin Investment Already Worth More Than $1 Billion
The Winklevoss twins, Cameron and Tyler, could be the richest celebrities in terms of Bitcoin investments as of late October 2017, as their one percent total holdings of the leading digital currency are already worth more than $1 bln. The twins became ...
SEC Letter to Guggenheim Questions Disclosure of African Banking Investment
The letter from the U.S. Securities and Exchange Commission informed Guggenheim that an examination found issues with the way the company disclosed an investment in Atlas Mara Ltd., the African banking venture co-founded by Mr. Diamond, the people ...
Investment In Legal Tech Is Slowing While Legal Tech Is Booming
So I was surprised to read Holden Page's story at Crunchbase that investment in legal tech startups hit a hard peak in 2015 and has since been on the decline. While over a billion has been placed in legal tech startups, the pace of that investment in ...
TransferWise announces whopping $280M investment as early shareholders cash in
TransferWise, the international money transfer company and one of Europe's better-known unicorns, has announced $280 million in new investment today. The Series E round is led by asset management firm Old Mutual Global Investors, and Silicon Valley ...
Open source database startup MariaDB confirms $27M investment led by Alibaba
That's a decent jump on the $200 million-$250 million valuation it got in May when it raised €25 million (then worth $27 million) from the European Investment Bank. MariaDB, which is headquartered in Finland with an office in California, is best known ...
Analyzing AGNC Investment's Results For Q3 2017 (Including November 2017-January 2018 Dividend Projection)
On 10/25/2017, AGNC Investment Corp. (NASDAQ:AGNC) reported results for the third quarter of 2017. It reported net income of $286 million, other comprehensive income (“OCI”) of $90 million, comprehensive (total) income of $376 million, and a book value ...
UPDATE 1-Russia says working with Saudi on energy investment, mega city
RIYADH, Nov 2 (Reuters) - Russia is working closely with Saudi Arabia to facilitate bilateral investment in the energy sector and Russian companies are interested in the kingdom's planned new NEOM business zone, energy minister Alexander Novak said on ...
Wealthy Investors Are Looking For Co-Investment Deals With Private Equity Funds
I write about the creation and management of exceptional wealth. Opinions expressed by Forbes Contributors are their own. Single-family offices, the self-made super-rich, and their heirs are taking an increasingly direct approach when it comes to ...
BT profits dented by sports rights investment
Profits at BT dipped in the second quarter partly due to higher payments for sports rights and a slowdown in its global corporate services division. The company said other factors holding back profits included investment in customer service, and higher ...
What's the best $10000 investment to make in your 20s?
The safest investment is a savings account. You'll earn some interest on your money without having to take any risk. And you can access it at any time. Problem is, interest rates are currently very low. Your best bet is to open an online bank savings ...
Investment Products and Services Launches
The investment firm says the funds' expense ratios are among the lowest in the industry for their respective categories, empowering more investors with the ability and options to realize the full potential of beta-driven solutions. The suite consists ...
David Herro to headline SecureFuture's 2018 Investment Conference
Herro is partner, deputy chairman, portfolio manager and chief investment officer of international equity at Harris Associates, a Chicago-based investment company. In 2016, Herro was named Morningstar's International Stock Fund Manager of the Year in ...
Altria makes a minority investment in a rapidly growing Chesterfield-based chain of e-cigarette shops
Henrico County-based Altria recently made a minority investment in Avail Vapor LLC, an executive for Altria said Thursday at an investor day meeting hosted by the company in Richmond. The investment comes as Altria, parent company of the nation's ...
Girls' education is the best investment we can make to grow the world's economies
While most people don't count it as one of our world's most pressing problems, evidence shows that girls' education is the best investment we can make to grow economies, improve the air we breathe, reduce the risk of violent conflict and advance public ...
China issues draft guidelines on overseas investment amid crackdown on deals
After years of rapid growth, China's outbound investment has slumped so far in 2017 as authorities crack down on “irrational” overseas deals which are suspected of being used to bypass capital controls and move money offshore, pressuring the yuan ...
Investment In Unlisted Companies Hits Record High
If investors in the UK's unlisted companies are unnerved by the country's sluggish economy and faltering Brexit negotiations, they have a funny way of showing it: the number of investments in such businesses hit an all-time high in the third quarter of ...
Lauren Rudd: Swinging from the rafters is a game for monkeys, not investors
Utilizing methodologies such as discounted cash flow and intrinsic value, your investment objective should be to create a return that at a minimum exceeds the sum of the risk-free rate of return (the rate paid on a 10-year Treasury note), combined with ...
Turkey's Global Yatirim eyes green energy deals after London investment
ISTANBUL (Reuters) - Turkish investment firm Global Yatirim Holding will focus on renewable energy and infrastructure projects and look to buy an asset manager, its chairman said, as part of a shift in strategy since an investment from London-based ...
Investment adviser in The Woodlands sent to prison
"Investors should be extremely careful when they're approached with an offer for the 'next big investment,' especially where retirement accounts are concerned," Travis Iles, commissioner of the securities board, said in a prepared statement. "DeShetler ...
A Horrifically Good Investment Strategy
In what is often referred to as the Halloween effect, equities realize the bulk of their returns in the months November through April. But the Halloween effect is not limited to equities, bonds "suffer" from it as well. Combining the seasonal return ...
Ethereum's Vitalik Buterin: Biggest Bitcoin investment platform likely is a Ponzi scheme
BitConnect follows a four-tier investment system based on your initial deposit – the more cash you put down, the bigger and faster returns you make on your investment. But whatever the stake, lenders are guaranteed to earn up to 40 percent total return ...
Bipartisan Bills Expected to Toughen US Foreign Investment Rules
WASHINGTON (Reuters) - A bipartisan group of lawmakers in the U.S. Senate and House of Representatives will introduce bills as soon as Monday to toughen U.S. foreign investment rules amid growing concern about Chinese deals, according to a source ...
Apollo Investment (AINV) CEO Jim Craigie on Q2 2018 Results - Earnings Call Transcript
Good morning and welcome to Apollo Investment Corporation's Earnings Conference Call for the period ended September 30, 2017. At this time, all participants have been placed in a listen-only mode. The call will be opened for a question-and-answer ...
Trump Wants Private Investment in Infrastructure. The Tax Bill Doesn't Do That.
The GOP tax proposal complicates this push for more private infrastructure investment by eliminating private activity bonds, the primary financing tool for such projects. The elimination of private activity bonds particularly targets airports, which ...
Spaceflight Industries issues $150 million investment offer amid high-flying plans
Seattle-based Spaceflight Industries is seeking as much as $150 million in new investment as it gets ready for a key rocket launch and a dramatic expansion of its satellite presence. The outlines of the offering are described in documents filed today ...
Sexual Harassment Is Becoming a Serious Investment Risk
The investment firm also passed on buying Uber Technologies' loans and other securities, he adds. Uber co-founder Travis Kalanick was forced out in June as CEO of the privately held ride-sharing company, after failing to tame a corporate culture rife ...
India exhibition seeks to gain investment in food industry
India's top chefs on Saturday poured 800 kilograms (1,760 pounds) of rice and lentils into a giant pan on a sprawling New Delhi lawn as the country hosted an exhibition to attract foreign investment to its food processing industry. The delicacy, known ...
Federal Realty Investment Trust's (FRT) CEO Don Wood on Q3 2017 Results - Earnings Call Transcript
Good day, ladies and gentlemen and welcome to the Third Quarter 2017 Federal Realty Investment Trust's Earnings Conference Call. At this time, all participants are in listen-only mode. [Operator Instructions] As a reminder, this conference is being ...
Major League Soccer: Ponzi scheme or smart investment for Cincinnati?
“This is a legacy investment,” said Jeff Berding, FC Cincinnati's general manager, president and co-owner. Berding, a former Cincinnati councilman, also worked in marketing for the Cincinnati Bengals previously. “We are investing in this to make ...
Elizabethtown investment advisor recognized for Social Security expertise
Wright is an author, investment advisor and managing member of The Wright Legacy Group LLC, a registered investment advisory firm. He has been assisting clients for 20 years for the company which operates in 21 states. “Steve has been an NSSA Advisor ...
China to lower foreign investment barriers as emphasis shifts to innovation, says deal maker
Multinational companies, foreign private investors and international private equity investment funds will see more investment opportunities in China in the next five years, as the country plans to maintain a focus on economic development and unleash ...
Saudi Finance Ministry says crackdown preserves investment climate
RIYADH (Reuters) - Saudi Arabia's Finance Ministry said on Sunday that the kingdom's decision to set up an anti-corruption committee and detain prominent figures enhanced confidence in the rule of law, Al Arabiya television reported. The decisions ...
Beware of bitcoin bubble, warn investment & financial advisors
Bitcoin's sevenfold rally is one of the telltale signs of a bubble, according to investment strategists. It started the year at $973 and rocketed north of $7,400 as of Saturday, up over 750 percent in 10 months. Financial advisors warn bitcoin is ...
Saudi Arabia detains famed billionaire amid investment push
DUBAI, United Arab Emirates — Among those detained in Saudi Arabia, no name carries more power in Western financial markets than Prince Alwaleed bin Talal. The prince, listed by Forbes as the richest Arab with $18.7 billion to his name, long has made ...
The Best investment you will ever make
What if I told you West Virginia businesses are missing out on a substantial return on investment opportunity? It's an emerging market economy of state that, with the right long-term investment, will yield impressive results — our youth. An investment ...
Is the best marijuana investment a beer stock?
This investment and relationship is consistent with Constellation Brands' long-term strategy to identify, meet and stay ahead of evolving consumer trends and market dynamics, while maintaining focus on its core total beverage alcohol business ...
The Paradise Papers: Kremlin Cash Behind Billionaire's Twitter and Facebook Investments
In May 2009, Facebook announced an investment of roughly $200 million by Mr. Milner's company, Digital Sky Technologies, and said the company planned to spend at least $100 million buying additional stock. Eventually, Mr. Milner's new venture capital ...
Former Carmel investment advisor faces 25 years in prison in $2.5M fraud case
INDIANAPOLIS -- The U.S. Securities and Exchange Commission has accused a former Carmel, Indiana, investment advisor of defrauding clients out of more than $2.5 million. In a complaint filed Tuesday, the SEC says from 2012 through March 2015, ...
Former BBC WW Boss John Smith Launches Investment Partnership
Smith has partnered with the fledgling investment firm, run by chief executive David Glick, to explore investment opportunities in a number of UK creative businesses. It comes after Edge Investments backed businesses including online TV and film ...
SoftBank's Masayoshi Son says his investment in Uber is “not decided yet”
An investment in Uber by Japanese tech conglomerate SoftBank was thought to be imminent. But SoftBank CEO Masayoshi Son is taking his time. At the end of the earnings call (paywall) today for the company's most recent quarterly financial report, Son ...
Ask Amy: In-law wants to protect her investment with engaged couple
I understand that she wants to protect her investment, but we have decided to combine all of our finances in an effort to show unity, as well as making house-related issues easier for me to handle. I feel like she thinks I'm a gold digger. To make ...
The world's top investment this decade
A $1,000 investment in bitcoin back in March 2010 would have purchased approximately 333,333 bitcoin (assuming no fees), which as of Nov. 1, 2017, would have yielded a value of $2.2 billion. That's right, folks: $1,000 to $2.2 billion in just seven ...
Investment queen: a look at Elizabeth II's fortune
According to records obtained by the International Consortium of Journalists, the queen's investment managers have placed roughly 10 million pounds ($13 million) in offshore portfolios in the Cayman Islands and Bermuda. Buckingham Palace is the Queens ...