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Investment News 04/2010



Hopu Investment Said to Lead Stake Purchase in Winsway Coal
Hopu Investment Management Co., founded by Goldman Sachs Group Inc.s Chinese partner, plans to invest in Winsway Coking Coal Holdings Ltd. together with two partners, two people with direct knowledge of the matter said.
Fortress Investment will not pay 1Q dividend
Fortress Investment Group LLC will not pay a first-quarter dividend, the alternative asset manager said Thursday. Fortress said its board chose instead to use the funds for possible future investments and for working capital purposes.
BMO Hires Ex-Lehman Banker Hoffmeister for U.S. Investment Bank
April 1 (Bloomberg) -- Bank of Montreal hired former Lehman Brothers Holdings Inc. banker Perry Hoffmeister to head the U.S. investment banking business of Canadas fourth-biggest bank.
Chimera Investment Sells $331 Million In Stock
Chimera Investment Sells $331 Million In Stock
Syria Plans $130 Billion in Investment by 2015, Syria News Says
April 1 (Bloomberg) -- Syria plans $130 billion in investment from 2011 to 2015 to raise the countrys annual economic growth rate to 8 percent from 5.5 percent last year, Syria News reported.
Early Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $.50 or .3 percent, to $171.13. Morgan Stanley rose $.45 or 1.5 percent, to $29.74.
Chimera Investment offering $307 million in stock
Chimera Investment Corp. said Thursday it is publicly offering 85 million shares of common stock and expects about $307 million in proceeds.
Investment Management News: Fortress, BlackRock
Fortress Investment Group (FIG) is forgoing a dividend yet again in its first quarter. It hasnt provided a dividend in nearly two years, and the company said this time it is retaining capital for future investment opportunities and working capital purposes.
Midday Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies are up at noon: Goldman Sachs rose $.35 or .2 percent, to $170.98. Morgan Stanley rose $.32 or 1.1 percent, to $29.61.
Final Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies were down at the close of trading: Goldman Sachs fell $.41 or .2 percent, to $170.22. Morgan Stanley fell $.09 or .3 percent, to $29.20.
Kayne Anderson MLP Investment Company Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value ...
Kayne Anderson MLP Investment Company (the "Company) (NYSE: KYN) today provided a summary unaudited balance sheet and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the "1940 Act) as of March 31, 2010.
Stanford Seeks Investment Chief to Fill Endowment Job (Update1)
April 1 (Bloomberg) -- Stanford Universitys endowment, the third-richest among U.S. colleges, is searching for a chief investment officer after leaving the post vacant for more than two years as markets plunged and rebounded.
'Budget to revive investment, push growth to 9 pc'
New Delhi, Apr 2 (PTI) Finance Minister Pranab Mukherjee today expressed confidence that the measures announced in the Budget for 2010-11 would revive private investment and put the economy back on a 9 per cent growth trajectory.
Reyes Named as Zurich's New Chief Investment Officer
Zurich Financial Services Group has announced the appointment of Cecilia Reyes, 51, a Swiss and Philippine citizen, as Chief Investment Officer and member of the Group Executive Committee, ...
Nigeria : Food Security - Lagos Plans N50 Billion Investment
In an attempt to boost commercial farming in Lagos State, Governor Babatunde Fashola has initiated a N50 billion long term investment credit agreement with the Central Bank (CBN) and the Bankers Committee for Agricultural Development.
Economists urge public investment reductions to fight inflation
VietNamNet Bridge Economists believe that it is necessary to tighten the fiscal policy and cut down public investment to fight inflation.
Malkovich Mad Over Madoff Investment
Actor John Malkovich is Malkovich Malkovich MALKOVICH over his investment with Ponzi king Bernard Madoff. His lawyers are trying to get his entire $2.2 million investment backbecause the trustee dissolving Madoff's assets will only give him $670,000and filed a petition in federal bankruptcy court. Reuters reports , "Like many other Madoff investors, the Malkovich trust argued that it deserves ...
Google, Rio Tinto cases will not damage China's investment environment: Official
China would stick to its policies of attracting foreign capital and the country's investment environment would not be damaged by the Google and Rio Tinto cases, a senior official said in Beijing Friday. Chen Jian, vice minister of Ministry of Commerce, made the remarks in response to questions on China's investment environment at a press conference for Northeast Asia Investment and Trade Expo to ...
Selective Investment Officer Departs as Insurer Begins Outsourcing
New Jersey-based insurer Selective Insurance Group Inc. says it has begun outsourcing its investment operations to third party managers and as a result, its executive vice president and chief ...
Commercial investment falls in Europe
REFLECTING seasonal trends, the volume of commercial real estate investment across Europe in the first quarter of this year posted a 29 per cent quarter-on-quarter decrease to 16.3 billion ($23.9 billion).
Malaysia ia an attractive investment destination
PARIS: Big firms in France find Malaysia an attractive investment destination as it is a potential gateway to South-east Asia, Malaysia Industrial Development Authority (MIDA) director-general Datuk Jalilah Baba said.
PCCS To Dispose Of Entire Equity In Roots Investment For RM81.34 Million Cash
KUALA LUMPUR, April 5 (Bernama) -- PCCS Group Bhd entered into a share sale agreement with Graham Packaging Company LP recently, to dispose of its entire stake in Roots Investment Holdings Private Ltd, for about RM81.34 million in cash.
PM pledges to facilitate investment in Myanmar
The Government of Vietnam will facilitate and create most favourable conditions for its businesses to conduct offshore investment, including investment in Myanmar, affirmed Prime Minister Nguyen Tan Dung.
EastBridge Investment Group Announces Imminent 10K Filing
PHOENIX, AZ--(Marketwire - April 5, 2010) - EastBridge Investment Group (EBIG) ( OTCBB : EBIG ) today announced that it will file its audited fiscal year 2009 financial report (10K) with the SEC by April 15, 2010, as allowed by the agency. Some extra time was needed due to the auditor's request to update and integrate the latest developments in the Company.
New Hampshire Stamping Co, Inc. Has Made Yet Another Investment in Our Equipment to Help Keep ...
New Hampshire Stamping Co, Inc. has made yet another investment in our equipment to help keep us on the cutting edge of technology. It goes with our continued effort to always upgrade our equipment so New Hampshire Stamping Co, Inc. can stay competitive and also provide the highest quality product to our customers. New Hampshire Stamping Co, Inc. has just purchased a new 60 ton Bliss straight ...
UMB Rebrands Alternative Investment Division
UMB Fund Services has renamed its Alternative Investment Services division JD Clark & Company, the company said today.
Prospect Capital Makes $35 Million Secured Debt Investment in Shearer's
NEW YORK, NY--(Marketwire - April 5, 2010) - Prospect Capital Corporation ( NASDAQ : PSEC ) ("Prospect") announced today that on March 31 Prospect made a secured debt investment of $35 million in Shearer's Foods, Inc. ("Shearer's" or the "Company"), a leading manufacturer and distributor of snack food products based in Brewster, Ohio, to support the acquisition of Snack Alliance, Inc. ("Snack ...
World Series of Golf, Inc. (WSGF) to Present Business Plan and Strategic Investment LOI in Webcast Wednesday
LAS VEGAS, NV--(Marketwire - April 5, 2010) - World Series of Golf, Inc. ( PINKSHEETS : WSGF ) is scheduled to present more details on its renewed business plan and a letter of intent (LOI) to receive a strategic equity investment in an exclusive Webcast this Wednesday. Last week, the Company announced entering into an LOI for a strategic investment and anticipates finalizing the agreement ...
Early Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $.42 or .2 percent, to $170.64. Morgan Stanley rose $.22 or .8 percent, to $29.42.
SSS investment income at P22.8B
The investment income of the Social Security System (SSS) stood at P22.8 billion in 2009, surpassing its P16.9-billion goal by P5.9 billion.
Midday Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies are up at noon: Goldman Sachs rose $2.20 or 1.3 percent, to $172.42. Morgan Stanley rose $.14 or .5 percent, to $29.34.
S&P Raises Two Companies To Investment-grade
S&P Raises Two Companies To Investment-grade
Final Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies were up at the close of trading: Goldman Sachs rose $2.94 or 1.7 percent, to $173.16. Morgan Stanley rose $.09 or .3 percent, to $29.29.
Balancing risks vs. investment returns
One of the goals of a diversified investment portfolio is to lower your risk of loss while increasing returns. When designing your portfolio, you evaluate the level of risk you can afford and are willing to take, your time horizon and desired return to achieve your goals. Using this information, you can develop a portfolio allocation for your situation. The next step is choosing individual ...
Honolulu Investment Advisor Pleads Guilty to Fraud
A Honolulu investment adviser who admitted to bilking his clients out of more than three million dollars was sentenced today to nearly five years in prison.
Book Review: Property investment advice for girls?
Tuesday, April 6th, 2010 12:13:00 Title: The Magic of Property Investment Author: Renesial Leong Publisher: Right Lifestyle Sdn Bhd Ratings: 3/10 One look at the cover, and you might think this is another Barbie Mariposa product. Despite the girlish cover, this book is all business property business, in fact.
Honolulu Investment Adviser Sentenced to Five Years for Fraud
A Honolulu investment adviser who admitted to bilking his clients out of more than $3 million was sentenced Monday to nearly five years in prison.
Victims of investment scam to share more than $1 million
San Diego County District Attorney Bonnie Dumanis said yesterday that more than $1 million in restitution is being distributed to victims of an investment scam.
Property investment sales down 8.5% in Q1 on-quarter to S$2.64b
SINGAPORE : Investment sales in the property market finally slowed in the first quarter this year.
Kirkland investment guru took $9.4M, pleads guilty
A Kirkland investment adviser raised her right hand still bandaged from a recent suicide attempt and pleaded guilty Tuesday to stealing $9.4 million from more than three dozen clients.
Nuveen investment in ShoreBank not paying off
Dividends from that bank, others, dry up for fund Struggling Chicago-based lender ShoreBank Corp. , which has been in talks with investors to raise at least $159 million in capital so it can avoid further regulatory scrutiny, hasn't been a good investment for $145 billion-asset Nuveen Investments LLC of Chicago.
Super vs Investment Property
If you are planning to invest, you may have asked yourself ?Should I put the money into super, or am I better off buying an investment property?? Colonial First State weighs up the options.
Talmudic Investment Advice
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Abdullah Going Overseas To Help Lure Investment To Malaysia
KUALA LUMPUR, April 7 (Bernama) -- Former prime minister Tun Abdullah Ahmad Badawi will be attending seminars and forums overseas to help draw investment to Malaysia.
Khalifa reshuffles Abu Dhabi Investment Council board
ABU DHABI - President His Highness Sheikh Khalifa bin Zayed Al Nahyan, in his capacity as the Ruler of Abu Dhabi, has issued an emiri decree number 3 of year 2010, on reshuffling the board of the Abu Dhabi Investment Council.
More investment in agriculture needed, says Rangarajan
The prime minister's economic advisory council chairman, C. Rangarajan, Wednesday called for greater investment in agriculture to achieve a higher rate of growth.
Early Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies are up at 10 a.m.: Goldman Sachs rose $3.01 or 1.7 percent, to $175.91. Morgan Stanley rose $.49 or 1.7 percent, to $29.85.
SSS investment income at P22.8B
The investment income of the Social Security System (SSS) stood at P22.8 billion in 2009, surpassing its P16.9-billion goal by P5.9 billion.
Midday Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies are up at noon: Goldman Sachs rose $3.80 or 2.2 percent, to $176.70. Morgan Stanley rose $.76 or 2.6 percent, to $30.12.
Final Glance: Investment Banks companies
NEW YORK (AP) -- Shares of some top investment banks companies were up at the close of trading: Goldman Sachs rose $3.46 or 2.0 percent, to $176.36. Morgan Stanley rose $.66 or 2.2 percent, to $30.02.