Home > Investment News

Investment News 10/2006



VISIT OUR WEBSITE@ www.rainbowrealtykilgore.com GREAT INVESTMENT -48 storage (Kilgore News Herald)
VISIT OUR WEBSITE@ www.rainbowrealtykilgore.com GREAT INVESTMENT -48 storage units in execellent Liberty City location, close to I-20 and Country Club, good income, $179,900.
Morgan Stanley star analyst Andy Xie resigns (Reuters via Yahoo! News)
Morgan Stanley's star Asia Pacific economist, Andy Xie, has resigned and is expected to embark on a new career elsewhere, the U.S. investment bank and an industry source said on Sunday.
Temasek will hold on to bruised Shin (International Herald Tribune)
Temasek Holdings, the state-owned Singaporean investment company, said it would hold onto its investment in Shin Corp.
Investment Managers See a Soft Landing Followed By Strong Large Cap Growth (SeekingAlpha via Yahoo! Finance)
Oliver Schwindler submits: Slower growth lies ahead for the United States, say investment managers who responded to Russell Investment Group's September quarterly survey, as none of the managers believes that a recession is likely in the U.S. and half believe the U.S. will experience slower growth in the next six months compared to the [... ]
Investment survey says cash, bonds back in favour (Sydney Morning Herald)
AUSTRALIAN fund managers are showing greater appetite for cash and defensive assets amid a subdued outlook for the domestic economy.
Investment by Singapore tangled in Thai coup (International Herald Tribune)
The purchase of a controlling stake in Thailand's dominant telecommunications conglomerate by investors led by the Singapore government's investment arm, Temasek Holdings, has been less than ideal.
Amaranth Retains Fortress Investment Group as Sub-Advisor (PR Newswire via Yahoo! Finance)
Amaranth announced today that it has retained Fortress Investment Group LLC, a New York based $24 billion alternative asset manager, as a sub-advisor to the Amaranth multi-strategy funds.
Amaranth Hires Fortress Investment to Liquidate Hedge Funds (Bloomberg.com)
Oct. 1 (Bloomberg) -- Amaranth Advisors LLC, the hedge-fund manager that lost $6.5 billion betting on natural gas, hired Fortress Investment Group LLC to help liquidate its assets.
Amaranth Hires Fortress Investment to Liquidate Hedge Funds (Bloomberg.com)
Oct. 1 (Bloomberg) -- Amaranth Advisors LLC, the hedge-fund manager that lost $6.5 billion betting on natural gas, hired Fortress Investment Group LLC to help liquidate its assets.
Rank Gets Australia, N.Z. Government Assent for Burns Philp Bid (Bloomberg.com)
Oct. 2 (Bloomberg) -- New Zealand billionaire Graeme Hart's Rank Group said its takeover offer for Burns Philp & Co. has been approved by the Australian Foreign Investment Review Board and the New Zealand Overseas Investment Office.
Amaranth Hires Fortress Investment to Sell Assets (Update1) (Bloomberg.com)
Oct. 1 (Bloomberg) -- Amaranth Advisors LLC, the hedge-fund manager that lost $6.5 billion betting on natural gas, hired Fortress Investment Group LLC to help sell assets as it seeks to honor clients' requests for their money back.
Amaranth retains Fortress Investment as sub-advisor (Reuters via Yahoo! News)
Hedge fund Amaranth Advisors LLC said on Sunday it retained Fortress Investment Group LLC, a New York-based $24 billion alternative asset manager, as a sub-advisor to the Amaranth funds.
Investment group to buy AWG - source (Reuters via Yahoo! News)
An investment group is expected to announce Monday that it has struck a deal to buy British water utility AWG PLC for about $4.12 billion, a source familiar with the situation told Reuters on Sunday.
Investment options start with risk (CNN.com)
If the riskiest thing you can do with your money is leave it in the bank, it makes sense to find an investment option that is less risky but will still help you achieve the lifestyle you aspire to.
Amaranth to Get Advice From Fortress Investment on Asset Sales (Bloomberg.com)
Oct. 2 (Bloomberg) -- Amaranth Advisors LLC, seeking to return what's left of clients' money after losing $6.5 billion on natural-gas bets, hired Fortress Investment Group LLC to help sell its hedge-fund holdings.
Philippines' Cagayan De ORO Attracts Investment In Property (Asia Pulse via Yahoo!7 News)
The Philippines' Cagayan de Oro is now a leading property investment destination in the country, with four major investors in real estate development setting their sights on the city and the lucrative potential it offers for the housing market.
PHILIPPINES' CAGAYAN DE ORO ATTRACTS INVESTMENT IN PROPERTY (Asia Pulse via Yahoo!7 Finance)
Infrastructure The Philippines' Cagayan de Oro is now a leading property investment destination in the country, with four major investors in real estate development setting their sights on the city and the lucrative potential it offers for the housing market.
Japan, Saudi Arabia to launch bilateral talks on investment (Channel NewsAsia)
TOKYO : Japan said Monday it will begin two days of talks with Saudi Arabian officials here Thursday on ways to strengthen investment ties with the oil-rich Gulf nation.
CPP Investment Board in bid for British water utility (CBC via Yahoo! Canada News)
The Canada Pension Plan Investment Board said Monday it is part of a consortium that appears headed for a successful takeover of AWG PLC, a British water utility.
Merrill Lynch Investment Managers, BlackRock close merger (Market Watch)
BOSTON (MarketWatch) -- BlackRock Inc. and Merrill Lynch Investment Managers said Monday that they've completed their previously announced merger, a combination that creates one of the world's largest investment-management firms with over $1 trillion in assets.
Linktone Announces Strategic Investment In Beijing Center National Radio Media, Ltd. (SYS-CON Media)
Linktone Ltd. , a leading provider of wireless entertainment, media, and communication value added services to consumers in China, announced today that the Company made a strategic investment in Beijing Center National Radio Media, Ltd. (BCNRM), a nationwide advertising company, on September 18, 2006, as part of its ongoing strategy to develop interactive programming with traditional media
Linktone Announces Strategic Investment In Beijing Center National Radio Media, Ltd. (SYS-CON Media)
Linktone Ltd. , a leading provider of wireless entertainment, media, and communication value added services to consumers in China, announced today that the Company made a strategic investment in Beijing Center National Radio Media, Ltd. (BCNRM), a nationwide advertising company, on September 18, 2006, as part of its ongoing strategy to develop interactive programming with traditional media
BelAir lands its biggest VC investment (Ottawa Business Journal)
A big financial boost for Ottawa's BelAir Networks. The company has raised another US$21.4 million in venture capital---its largest VC investment to date---and added two new VC firms to its roster of investors.
ARX Investment Management implements SunGard's IMpower (Finextra)
SunGard today announced that ARX Investment Management, LP is now using IMpower to supplement outsourced services provided by its third-party administrator (TPA).
(AFX UK Focus) 2006-10-02 18:05 GMT: Cordillera faces AIM cancellation after failure to secure investment (Interactive Investor)
LONDON (AFX) - Cordillera Resources PLC said it is likely its AIM listing will be cancelled tomorrow after it failed to secure an investment within the required time frame. The board said it has evaluated several investment opportunities. However, due to being unable to perform satisfactory due diligence or as a result of the projects being at a stage that did not suit the company's strategy, it
Alternative Investment Group Guides On Side Letters (Compliance Reporter)
The Alternative Investment Management Association has issued guidance stating that hedge fund management firms should be required to disclose the existence of side letters containing "material terms."
INVESTMENT ADVICE (The State)
An investment strategy known as asset allocation can help reduce the risk to an investor’s total portfolio. The concept involves distributing investment dollars among a variety of investment options, such as bonds, equities and mutual funds. Several Web sites offer advice on asset allocation. Some examples:
Sri Lanka falls short of foreign investment target by half (AFP via Yahoo! News)
Sri Lanka is set to miss its foreign investment target and attract only about half of its original estimate of a billion dollars, according to official figures.
Japan, Saudis to Hold Investment Talks (AP via Yahoo! Finance)
Trade officials from Japan and Saudi Arabia will meet in Tokyo later this week for talks aimed at a bilateral investment agreement, officials said Tuesday.
Wilbur Ross firm makes first investment in India (Reuters via Yahoo! Asia News)
NEW YORK, Oct 3 (Reuters) - The private equity firm led by billionaire turnaround specialist Wilbur Ross said on Tuesday it made its first investment in India with the acquisition of textile firm OCM India Ltd for $37 million in cash.
Investment firm buys Party America (Contra Costa Times)
Party America, a party supply retailer, has a new owner but will keep its name and Alameda headquarters. The privately held company was acquired by AAH Holdings Corp. from a division of Gordon Bros. Group LLC, an equity investment company.
China snubs foreign investment (Fortune via Yahoo! Finance)
Henry Paulson got a warm welcome when he returned to China last month in his new role as U.S. Treasury Secretary. But even as Beijing prepared to roll out the red carpet for the former Goldman Sachs CEO, it was yanking the rug from under some of his old investment banking buddies.
China snubs foreign investment (CNN Money)
Henry Paulson got a warm welcome when he returned to China last month in his new role as U.S. Treasury Secretary. But even as Beijing prepared to roll out the red carpet for the former Goldman Sachs CEO, it was yanking the rug from under some of his old investment banking buddies. The week before Paulson's visit, China's securities regulator declared a moratorium on all foreign acquisitions of
Increased investment in IT pays dividends for HSBC (Computer Weekly)
HSBC is on course to beat its target of cutting 10% from per-transaction operating costs across its global banking operations this year, thanks to heavy investment in IT.
Christian Solidarity Worldwide Calls on British Government to Ban Burma Investment (Christian Today)
Christian Solidarity Worldwide CSW on Monday called on the British Government to ban investment in Burma as the organisation joined Burma Campaign UK the AllParty Parliamentary Group for Democracy in Burma the Trade Union Congress and the Conservative Party Human Rights Commission
Your fund's merger could change nature of the investment (Baltimore Sun)
Charles Jaffe -- Your Funds The mutual fund industry is buzzing with news that two of its bigger players - Putnam Investments and MFS Investment Management - are up for sale.
Morgan Stanley hires two BKF investment managers (Reuters via Yahoo! Asia News)
NEW YORK, Oct 3 (Reuters) - Morgan Stanley's investment management division hired two investment managers from BKF Asset Management, the firm's latest additions to its alternative investments business, according to an internal memo Tuesday.
Nigeria: Sunny Nwosu Harps On Investment Policies (AllAfrica.com)
INSURANCE companies in the country have been advised on the need to beef up their investment portfolios as a way of remaining profitable.
Qeshm Free Trade Zone offers good investment opportunities (Islamic Republic News Agency)
Iran - Qeshm - Investment Managing director of Qeshm Free Trade Zone here on Tuesday called for introducing the investment opportunities in industrial, transit, tourism and transportation sectors of the island.
Japan's Ebara completes US$11.7M equity investment in Ballard Power (CP via Yahoo! Canada News)
VANCOUVER (CP) - Ballard Power Systems (TSX:BLD) has received the second half of a US$11.7-million equity investment from Ebara Corp. of Japan.
CORRECTED - Morgan Stanley hires two BKF investment managers (Reuters via Yahoo! Asia News)
NEW YORK, Oct 3 (Reuters) - Morgan Stanley's investment management division hired two investment managers from BKF Asset Management, the firm's latest additions to its alternative investments business, according to an internal memo Tuesday.
CPP Investment Board part of group bidding for U.K. water utility (Investment Executive)
The CPP Investment Board yesterday announced its participation in a consortium that has made a recommended offer to acquire all of the shares in AWG Plc for 1,555 pence per share. The offer values AWG’s equity at approximately Pounds Sterling 2,213 million.
Japan's Ebara completes US$11.7M equity investment in Ballard Power (Canadian Business)
VANCOUVER (CP) - Ballard Power Systems (TSX:BLD) has received the second half of a US$11.7-million equity investment from Ebara Corp. of Japan. In exchange for the latest US$5.85-million investment, Ballard issued just over one million shares.
Baxter sells transfusion business to investment firms (Market Watch)
BOSTON (MarketWatch) -- Baxter International said Tuesday that it has agreed to sell its transfusion therapies business to two investment groups for $540 million.
VACM, BDAY and PCU Update the Investment Community in All New Interviews With WallSt.net (SYS-CON Media)
On September 19, Vincent Vellardita, President and CEO of Valcom, Inc. (BULLETIN BOARD: VACM) updated the investment community in an all-new interview with (link) . Interview highlights include detailed discussions on the following topics:
Join the SCIA - Southern California Investment Association's Micro Cap Conference This Saturday Morning - in Irvine, CA (SYS-CON Media)
Buy/sell side and accredited investorsregister now to attend this Saturday, October 7th's investment conferencefor growth opportunities from 7:15 a.m. to 1:30 p.m. at the Orange CountyJohn Wayne Airport Hilton (airport code: SNA), 18800 MacArthur Boulevard,Irvine, CA 92612. For discount, register in advance at: www.sciaonline.org.
Enterprise Software Funding and Investment Experts Explore Opportunities in Open Source, SAAS, and Evolving Revenue (SYS-CON Media)
Strategic Research Institute presents the 2006 Enterprise Software Investment Forum, October 25-26, 2006 at the Hilton San Jose in San Jose, CA, where the Enterprise IT Software community from across the globe and Silicon Valley are gathering to discuss Enterprise Software and IT investment funding, and business opportunities in this landscape of ever-evolving technologies and business models.
Intel Announces 40-Million-U.S.-Dollar Investment in Chinese Software Company (RedNova)
Intel announces 40-million-U.S.-dollar investment in Chinese software company SHANGHAI, Sept. 27 (Xinhua) -- Neusoft Group Ltd., a leading Chinese software and solutions provider, is expected to obtain financial support from the Intel Corporation, company sources announced Wednesday.
IMP sues Russian government for US$43m to regain investment in seized hotel (Canadian Business)
Michael Tutton October 3, 2006 - 3:40 p.m. HALIFAX (CP) - A Canadian firm is suing the Russian government for US$43 million in a last-ditch legal push to regain its investment in a Moscow hotel that was suddenly occupied by armed guards two years ago.
SEC Fines San Francisco Investment Firm (CBS 5 Bay Area)
A private investment firm based in San Francisco will pay $105,465 in profits and also a $100,000 fine in response to illegal short selling charges filed by the Securities and Exchange Commission.