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Investment News 01/2010 (Page 2)



How your regular investment in large stock funds fared (USA Today)
How much a $100 monthly investment would have become in the largest stock mutual funds, ranked by assets.
Orix Setting Up Chinese Unit to Expand Investment (Update1) (BusinessWeek)
Orix Corp., a Japanese financial services company, said it is setting up a unit in China to expand its investment business in the nation.
Govt seeks NBN investment advisor (ZDNet Australia)
The Department of Broadband Communications and the Digital Economy (DBCDE) is on the hunt for investment advisors to assist it in assessing commercial agreements that the NBN Co may make.
TCW Quits Treasury’s Investment Program After Gundlach Ouster (BusinessWeek)
TCW Group Inc. withdrew from a government-backed program designed to encourage asset managers to buy mortgage securities from banks, after ousting former investment chief Jeffrey Gundlach.
Southern officials expect foreign investment influx (Vietnam Net)
VietNamNet Bridge – Officials in three southern provinces of Dong Nai, Ba Ria-Vung Tau and Binh Duong have said they were optimistic on the influxes of foreign direct investment (FDI) in these provinces this year.
Nigeria : CTO 2009 - Participants Adopt PPP Strategy for Investment Promotion in ICTs (AllAfrica.com)
From policy and regulation, through funding and operations to technological advancement, participants at the just concluded 2nd annual conference on investing in ICTs in emerging markets held in United Kingdom recently rose up from the conference calling for the adopting a common position to promote effective partnerships in ICTs to speed up investment-enhancing processes in developing markets.
Global in talks with AAIB to sell investment in Egypt (Reuters via Yahoo! Singapore News)
KUWATIT, Jan 5 (Reuters) - Global Investment House said that it was in initial talks with Cairo-based Arab African International Bank (AAIB), to sell a stake in an investment in Egypt, but not as part of its debt settlement plan.
Lake Ozark man sentenced to 5 years in investment fraud plan (The Springfield News-Leader)
JEFFERSON CITY, Mo. (AP) — A 74-year-old Lake Ozark man has been sentenced to five years in federal prison for his part in a $3 million investment fraud conspiracy.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $.95 or .5 percent, to $174.03. Morgan Stanley rose $.38 or 1.2 percent, to $31.29.
CPP Investment Board Announces Executive Appointments (Marketwire)
TORONTO, ONTARIO--(Marketwire - Jan. 5, 2010) - David Denison, President and CEO of the CPP Investment Board (CPPIB) today announced the following appointments all of which will be effective on April 1, 2010, the start of the next fiscal year: Mark Wiseman - Executive Vice-President, Investments: Each of CPPIB's three investment departments - Public Market Investments, Private Investments, and ...
Investment Trusts Under Threat (The Motley Fool)
Proposed EU legislation could damage the investment trust industry.
PPP scheme likely for Purple Line investment (The Nation - Thailand's English news)
The Transport Ministry is expected to seek endorsement from economic ministers for use of the public-private participation (PPP) scheme for investment in the Purple Line electric-rail route from Bang Sue to Bang Yai.
CPP Investment Board announces executive appointments (Investment Executive)
The CPP Investment Board (CPPIB) Tuesday announced the promotion of Mark Wiseman to oversee its three investment departments. In addition, the CPPIB announced three other appointments.
Canada Pension Appoints Wiseman as Head of Investment Units (Bloomberg)
Jan. 5 (Bloomberg) -- Canada Pension Plan Investment Board appointed Mark Wiseman to head its three investment departments as part of management changes at the country’s second-biggest pension manager.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies were up at the close of trading: Goldman Sachs rose $3.06 or 1.8 percent, to $176.14. Morgan Stanley rose $1.13 or 3.7 percent, to $32.04.
China investment in Felix a 'good deal': Australia (AFP via Yahoo! Malaysia News)
Australia said Wednesday that the 3.2 billion US dollar buyout of Felix Resources by China's Yanzhou Coal was a "very good deal" for both countries and a sign of Canberra's acceptance of foreign investment.
Hillwood Investment Properties buys Carrollton center, 2 California buildings (Dallas Morning News)
Hillwood Investment Properties said Tuesday that it has purchased three industrial buildings - two in California and one in the Dallas area.
OSK LOOKS TO EXPANDING INVESTMENT BANKING OPERATIONS IN ASEAN THIS YEAR (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, Jan 6 (Bernama) -- OSK Holdings Bhd is looking forward to expanding its investment banking operatons in the ASEAN region this year.
China 9 Months Investment in Africa Rises 77.5% to $875 Million (Bloomberg)
Jan. 6 (Bloomberg) -- China’s investment in Africa in the first nine months of the year, excluding financial investments, rose 77.5 percent to $875 million, the Ministry of Commerce said on its Web site today.
Osk Looks To Expanding Investment Banking Operations In Asean This Year (Bernama)
KUALA LUMPUR, Jan 6 (Bernama) -- OSK Holdings Bhd is looking forward to expanding its investment banking operatons in the ASEAN region this year. Executive chairman, Datuk Nik Mohamed Din said the company had established operations in Cambodia last year, with four branches being opened.
UAE to host first National Investment Research Challenge (AME Info)
CFA Emirates, the UAE's leading association for financial and investment professionals, has today officially launched the country's first National Investment Research Challenge. All universities and business schools are invited to compete.
Pacific Gaming gets $7-M investment (Manila Bulletin)
Pacific Gaming Investments Pte Ltd (PGI) is executing a non-binding term sheet with Straitwey, Pte Ltd., a Singapore registered company controlled by Japanese interests, for a $7 milion investment.
China will encourage domestic companies' overseas investment in natural resources (People's Daily)
China will encourage both FDI utilizing and domestic companies’ overseas investment, said Zhang Xiaoqiang, vice minister of China's National Development and Reform Commission (NDRC). Zhang noted that the opening up of monopolized industries in the services sector will be accelerated, and both domestic and foreign enterprises will be treated equally. Meanwhile, domestic companies’ foreign ...
OSK to expand investment bank ops in Asean region (MalaysiaNews.net)
KUALA LUMPUR: OSK Holdings Bhd is looking forward to expanding its investment banking operatons in the ASEAN region this year. Executive chairman, Datuk Nik Mohamed Din said the company had establishe...
China Working to Start Real Estate Investment Trusts (Update1) (Bloomberg)
Jan. 6 (Bloomberg) -- China is working to introduce real- estate investment trusts, or Reits, under a trial program, the People’s Bank of China said in a statement on its Web site today, without giving more details.
Schloss Said to Take N.Y. Investment Post (New York Times)
Lawrence Schloss, the chairman and chief executive of private equity firm Diamond Castle, has agreed to become the next chief investment officer for New York City, peHUB reported.
Wesleyan Sues Its Former Chief Investment Officer, Claiming Fraud (Hartford Courant)
Wesleyan University is accusing its former vice president and chief investment officer of illegally using the school's financial portfolio to secretly make money for himself and other companies — including one owned by his father — and of billing Wesleyan for fraudulent expenses over eight years.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are down at 10 a.m.: Goldman Sachs fell $1.71 or 1.0 percent, to $174.43. Morgan Stanley fell $.02 or .1 percent, to $32.02.
Europe, China Clean Energy Investment Gains on U.S., Groups Say (Bloomberg)
Jan. 6 (Bloomberg) -- Europe and China increased their share of global clean energy investment over the U.S. last year as total venture capital spending declined 33 percent to about $5.6 billion, according to Cleantech Group and Deloitte LLP.
Colombia CPI Bonds ‘Good’ Investment in 2010, Corredores Says (Bloomberg)
Jan. 6 (Bloomberg) -- Colombia’s inflation-linked bonds may be a “good” investment in the first quarter as an increase in commodity and food prices and stronger domestic demand lead to higher consumer prices, Corredores Asociados said.
Midday Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are mixed at noon: Goldman Sachs fell $1.83 or 1.0 percent, to $174.32. Morgan Stanley rose $.14 or .4 percent, to $32.18.
Colombia CPI Bonds ‘Good’ Investment in 2010, Corredores Says (Bloomberg)
Jan. 6 (Bloomberg) -- Colombia’s inflation-linked bonds may be a “good” investment in the first quarter as an increase in commodity and food prices and stronger domestic demand lead to higher consumer prices, Corredores Asociados said.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
Shares of some top investment banks companies were mixed at the close of trading: Goldman Sachs fell $1.88 or 1.1 percent, to $174.26.
Treasury gives accounting of TCW Group investment (San Francisco Chronicle)
The Treasury Department said Wednesday that the decision by TCW Group Inc. to pull out of the government program to buy toxic bank assets will leave taxpayers holding $356.3 million in investments pending sale of those holdings to other investors. TCW Group... TCW Group - Government - United States Department of the Treasury - Business - Investment
OSK to expand investment banking ops (MalaysiaNews.net)
KUALA LUMPUR: OSK Holdings Bhd is looking to expand its investment banking operations in the Asean region this year. Executive chairman Datuk Nik Mohamed Din Nik Yusoff said the company had last year ...
Tameer to invest $250m in Bahrain Investment Wharf project (AME Info)
Bahrain-based developer, Al Khaleej Development Co. (Tameer) has signed an agreement with the kingdom's industry and commerce ministry to develop the infrastructure at the Bahrain Investment Wharf (BIW), the Gulf Daily News has reported. The company is investing BD94.5m ($250m) in the project.
Wesleyan suing former chief investment officer (The Middletown Press)
MIDDLETOWN — Wesleyan University is suing its former chief investment officer and 17 other individuals and business entities whom the university says profited from breaches of his employment agreement and the school’s conflict-of-interest policy.
CLSA Hires Lai As Hong Kong, Greater China Investment Banking Head-Source (Nasdaq)
HONG KONG -(Dow Jones)- CLSA Asia-Pacific Markets, the regional brokerage unit of Credit Agricole SA (CRARY), has hired Paul Lai in a newly created role of Hong Kong and Greater China investment banking head, a person familiar with the situation said Thursday.
CLSA Hires Lai As Hong Kong, Greater China Investment Banking Head-Source (Fox News)
CLSA Hires Lai As Hong Kong, Greater China Investment Banking Head-Source
AMR Boosts Investment Offer For JAL: Report (Fox News)
AMR Boosts Investment Offer For JAL: Report
Commodities, emerging markets offer good investment opportunities in 2010 (Channel NewsAsia)
SINGAPORE : Commodities and emerging markets offer good investment opportunities in 2010.
TheraSim Secures $1.25 Million Investment From Andromeda Capital (redOrbit)
DURHAM, N.C., Jan. 7 /PRNewswire/ -- TheraSim, Inc., the leading simulation-training company dedicated to providing online tools and solutions to reduce performance errors in healthcare and clinical research, secured a $1.25 million round of investment from UK-based Andromeda Capital.
AMR Said to Consider Raising Japan Air Investment Bid (Update1) (Bloomberg)
Jan. 7 (Bloomberg) -- AMR Corp. ’s American Airlines is considering increasing its investment offer to Japan Airlines Corp. by several hundred million dollars, a person familiar with the talks said today.
Early Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $1.04 or .6 percent, to $175.30. Morgan Stanley rose $.13 or .4 percent, to $32.58.
Black Creek expands investment team (Investment Executive)
Evelyn Huang has joined the investment team at Black Creek Investment Management Inc., the company said Wednesday. Huang left Invesco Trimark Ltd. to join Richard Jenkins, Bill Kanko and Matias Galarce at Black Creek.
Rensburg man is new Witan Investment Trust chief (ShareCast)
LONDON (SHARECAST) - Witan Investment Trust has secured the services of Andrew Bell, Head of Research and Strategy at Rensburg Sheppards in London, as its new chief executive.
Jefferies Hires Three Investment Bankers for Health-Care Group (Bloomberg)
Jan. 7 (Bloomberg) -- Jefferies Group Inc. , the New York- based brokerage that specializes in mid-size companies, hired three people in health-care investment banking to expand the group boosted by bankers who defected from UBS AG last year.
Final Glance: Investment Banks companies (AP via Yahoo! Finance)
NEW YORK (AP) -- Shares of some top investment banks companies were up at the close of trading: Goldman Sachs rose $3.41 or 2.0 percent, to $177.67. Morgan Stanley rose $.47 or 1.4 percent, to $32.92.
California quake agency sues Wachovia over lost investment (The Sacramento Bee)
California's state-run earthquake insurer is suing Wells Fargo & Co.'s Wachovia unit, accusing it of fraud in connection with a failed $62.3 million investment.
Gundlach Sued by TCW Group After Starting Own Investment Firm (BusinessWeek)
TCW Group Inc., the Los Angeles-based unit of Societe Generale, sued former investment chief Jeffrey Gundlach and three ex-employees after more than half of its fixed-income professionals joined his new firm.