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  • http://www.iaireview.org/le-fonti-iair-awards-2016-celebrates-excellences-in-london--753.html Le Fonti IAIR Awards 2016 celebrates excellences in London. - On October 14th, 2016, the world’s leading corporate stars aligned for a momentous occasion, the ­­­24th Le Fonti IAIR Awards in London, U.K. A celebration of excellence across varying industries, the Le Fonti IAIR Awards are held each year recognizing industry leaders in the fields of banking, business, economics, finance, sustainability, law, healthcare, insurance and e-commerce. This year, the London Gala & CEO Summit was held at the historic Church House Westminster, hosted by the influential journalist, Jenny Hammond of Sky.              This year’s CEO Summit round table inspired in-depth narrative on issues such as financing, political threats in the Middle East, the marketing industry, cyber security and how they are currently being influenced by technology and innovation led by industry top executives and CEOs. Renowned experts graced the stage, such as Abbey King Khawaja, Director of the British Eco Power Group, Lena Komileva, Managing Partner & Chief Economist at G + Economics, Guy Fraser-Sampson, Senior Fellow of Cass Business School, Andrew Fitzmaurice, CEO of Templar Executives, and Susanne Chishti, CEO of Fintech Circle.  Following the ceremony, the winners were announced at the highly anticipated award’s ceremony. The winners were selected after being carefully evaluated by IAIR’s editorial staff of over 120 journalists from around the world. The winners in the  Le Fonti Corporate Awards were Micromata (Excellence of the Year for Innovation Software Solutions Germany), Katjes International (Excellence of the Year for Innovation & Leadership Confectionary Belgium), Barry Group (Excellence of the Year for Innovation Wholesale Distributions Ireland), B2B Gaming Services (Company of the Year for Innovation Gaming Sector Southern Europe), MDxHealth (Healthcare Company of the Year Innovation & Leadership USA),  Melco Crown Entertainment (Best Promotions & Events Team of the Year Asia ) Fides Treasury Services (Best Multi-Banking Solutions Company of the Year Global).  Next up, the winners of the Le Fonti Broker Awards were: FBS (Broker of the Year Latin America), ActivTrades (Forex Broker of the Year United Kingdom).  In the legal category, the winners were: Boursier Niutta & Partners (Boutique of Excellence of the Year for Labour Litigation Italy),  Studio Legale Avvocati Michele Bonetti e Santi Delia (Boutique of  Excellence of the Year Administrative Law Italy), Studio Legale Padovani (Boutique of Excellence of the Year Corporate Criminal Law Italy), Studio Giordanengo Avvocati Associati (Boutique of Excellence of the Year Criminal Law Italy), Orlando e Fornari ( Law Firm of the Year Finance Criminal Law Italy),  Loconte & Partners (Tax Law Firm of the Year Wealth Management Italy), Gabriele Fava of Fava & Associates (Lawyer of the Year Labour Italy), Fabio Cagnola of Cagnola & Associati (Lawyer of the Year Criminal Law Italy), Giuseppe Iannacconne of Studio Avv. Giuseppe Iannaccone e Associati (Lawyer of the Year Criminal Law Italy), and lastly, Filippo Troisi of Legance (Lawyer of the Year Italy).   In the final category which highlighted CEO & Top Executives of the Year, there were four distinct winners: Brynhild Vinskei of Xstream (Chief Marketing Officer of the Year OTT Europe), Danilo Cattaneo of Infocert (CEO of the Year Digital Certification Italy), Lena Olving of Mycronic (CEO of the Year Electronics Industry Sweden), and Fritz Kaiser of Kaiser Partner (Executive Chairman of the Year Wealth Management Europe).  The next edition of the Le Fonti IAIR Awards will commence in Singapore on November 11th  followed by Milan on November 15th and Dubai on November 24th.   Imani Jones  
  • http://www.iaireview.org/le-fonti-iair-awards-london-2016-751.html Le Fonti IAIR Awards - London 2016 - The future is now. 2016 has seen the rise of artificial intelligence, robotics, and disruptive innovation. Old business models are being challenged and new players have shaken up the industry from banking to automotive. Robots are rapidly being introduced to society to fill in for human incapacities and provide companionship. Artificial intelligence is replacing previously human operated tasks and cutting costs for companies. Start-ups have taken over industries and created new entry points for emerging companies and ideas. During a time of constant change and evolution, it is important to acknowledge industry leaders, whom have been the pioneers of industrial and social change. The Le Fonti IAIR Awards since 2011 have been a platform for highlighting industry excellence, highlighting leaders in the fields of banking, business, economics, finance, sustainability, law, healthcare, insurance and ecommerce. The full day event provides an opportunity for intellectual debate on current issues that face  CEO’s and top executives and insight on solutions to future challenges we will inevitably encounter.             Leaders from around the world gather to witness and partake in this global roadshow, which stops in all of the major economic cities – Singapore, New York, Dubai, Milan, Hong Kong and London. This year’s London event will take place this month, on October 14th, 2016 and will incorporate debates on a range of topics from political instability to cyber-crime. Renowned experts will take the stage, such as Abbey King Khawaja – Director of the British Eco Power Group, Nassib Boueri – Wunderman CEO, Lena Komileva, Managing Partner & Chief Economist at G + Economics, Andrew Fitzmaurice – CEO of Templar Executives, and Susanne Chishti – CEO of Fintech Circle.               Led by the influential financial journalist and Sky TV presenter, Jenny Hammond, the debate will inspire in-depth narrative on issues such as financing, political threats in the Middle East, the marketing industry, cyber security and how they are being influenced by technology and innovation. Taking place in the historic, Church House Westminster, this CEO Summit round table will prove to be just a start to an evening of monumental events. The CEO Summit will be proceeded by the IAIR Award Ceremony, recognizing these influencers with prestigious honours awarded by the IAIR scientific committee. IAIR’s editorial staff of over 120 journalists from around the world are currently evaluating the winners. The following shows will be held on November 24th in Dubai and November 15th in Milan.       
  • http://www.iaireview.org/investment-funds-lawyer-christopher-knight-joins-akin-gump-in-hong-kong-749.html Investment funds lawyer Christopher Knight joins Akin Gump in Hong Kong - Investment funds lawyer Christopher Knight has joined Akin Gump as counsel in its investment management practice in the Hong Kong office.He joins the firm from the Hong Kong office of DLA Piper.Knight has extensive experience advising financial institutions, investment banks, asset managers, sponsors and investors on the establishment and regulation of hedge funds, regulated funds and private equity funds. He has also advised on Shari’ah compliant investment fund structures.“Chris’ arrival is a real boost to our investment funds team in Asia,” says Anne-Marie Godfrey, a partner in Akin Gump’s investment management practice in Hong Kong. “His breadth of knowledge and experience will be assets to our clients as we continue to grow our practice across Asia. I am delighted he has joined the firm and look forward to working with him.”
  • http://www.iaireview.org/hathersage-capital-management-names-andrew-wilkoff-as-senior-portfolio-manager-748.html Hathersage Capital Management names Andrew Wilkoff as senior portfolio manager - Hathersage Capital Management, a global macro investment manager specialising in G10 currencies and absolute returns, has appointed veteran foreign exchange executive Andrew Wilkoff to the the newly created position of executive director and senior portfolio manager.Wilkoff, 48, will join the firm on 15 August and will report to Bill Lipschutz, chief investment officer and head of portfolio management.“Andy adds great experience and depth to our portfolio management team and to the continued growth of Hathersage,” says Lipschutz.
  • http://www.iaireview.org/flextrade-appoints-shane-remolina-as-director-of-sell-side-oms-technologies-747.html FlexTrade appoints Shane Remolina as director of sell-side OMS technologies - FlexTrade Systems, a specialist in multi-asset execution and order management systems, has appointed Shane Remolina as director of sell-side OMS technologies for North America.Based in the company’s headquarters in New York, Remolina will head sales and business development for FlexTrade’s sell-side OMS solutions.According to Remolina, trading technology for the sell-side is ripe for disruption via innovation.“Many firms are faced with intensified cost pressures due to operations, regulations and technology, and must differentiate themselves in order to increase market share,” he says. “FlexTrade is ideally positioned to provide that differentiation. This is accomplished in two ways. First and foremost are our state-of-the-art technology solutions, which are available in both customisable and turnkey versions. Second is our client-centric installation approach, which is akin to a partnership whereby FlexTrade’s service and support teams work hand in hand with clients to install a system that will not only address all their needs, but also provide a tangible ROI.”
  • http://www.iaireview.org/ice-benchmark-administration-appoints-dame-deanne-julius-to-board-746.html ICE Benchmark Administration appoints Dame DeAnne Julius to board - ICE Benchmark Administration (IBA) has appointed Dame DeAnne Julius, a founding member of the Monetary Policy Committee of the Bank of England, as a director.The appointment is effective immediately.Julius’ appointment has been approved by the Financial Conduct Authority (FCA) and she joins the following directors on the board of IBA: André Villeneuve, chairman, IBA; Mary John Miller, chairperson of the IBA Nominating Committee; Rod Paris, chief investment officer, Standard Life Investments; Michel Prada, chairperson of the IBA Audit and Risk Committee; David Goone, chief strategy officer, Intercontinental Exchange; and Finbarr Hutcheson, president, IBA.“I am delighted to welcome DeAnne to the IBA Board. As a highly accomplished Economist, she brings a great deal of experience and knowledge to the IBA board to help us continue on our successful trajectory of improving confidence in global benchmarks,” says Villeneuve.
  • http://www.iaireview.org/agecroft-partners-announces-new-hedge-fund-conference-to-benefit-nonprofit-organizations-that-help-children-745.html Agecroft Partners Announces New Hedge Fund Conference to Benefit Nonprofit Organizations that Help Children - Agecroft Partners announced that all profits from its new conference, Gaining the Edge – 2016 Hedge Fund Investor Leadership Summit, taking place on December 7th in New York City, will be donated to  support children in need. This reflects an ongoing commitment by Agecroft Partners to help non-profit organizations that benefit children  The partners of Agecroft have donated over $350,000 during the past 3 years, including 100% of their profits from conferences they have hosted. Agecroft will announce which nonprofits will be the event’s main beneficiaries closer to the conference date.Gaining the Edge – 2016 Hedge Fund Investor Leadership Summit will be comprised of panel discussions among some of the world’s most influential hedge fund investors  where the objective is to have candid, robust conversations and debates about various ways to enhance the risk adjusted returns of a diversified hedge fund portfolio. Speakers will include decision makers at pensions, endowments, foundations, institutional consultants, and funds of funds.  Hedge funds are not an asset class, but a fund structure that includes numerous strategies. Although both are important, choosing  the right strategies in which to invest is more important than selecting the best managers for a diversified portfolio.  Unlike most hedge fund conferences that feature hedge fund managers who are heavily biased toward their own strategy, this conference will showcase only leading hedge fund investors as panelists who will provide their independent view on which hedge fund strategies look the most attractive given current capital market valuations and economic forecasts.  Panel discussions will also focus on key issues in performing industry leading-edge/best practices hedge fund due diligence.  Agecroft expects this conference to sell out with 600 registrations, similar to what the firm achieved at their Gaining the Edge - Hedge Fund Marketing Leadership Summit in April.
  • http://www.iaireview.org/first-names-group-acquires-nautilus-744.html First Names Group acquires Nautilus - First Names Group has received regulatory approval to acquire independent trust and corporate services provider Nautilus Trust Company (Nautilus) in Jersey, Hong Kong and London. All the conditions of the deal have been agreed and the transaction concluded. Nautilus was originally founded in 1999 as Beachside Trust Company by shareholders of BBA Chartered Accountants; the company rebranded to Nautilus Trust Company in 2000. In 2006 Nautilus welcomed Jason Cowleard as Chief Executive Officer who, along with his Co-Directors, has driven the company’s growth. The acquisition of Nautilus is the latest strategic move by the ambitious Group, in a transaction that will cement its position as the largest independent provider of trust and corporate services. The addition of Nautilus will complement the Group’s existing offering, as it continues to deliver on its long-term expansion strategy.The deal will further strengthen the Group’s existing international presence and service offering particularly in Jersey, increasing its headcount to over 300 ‘First Names’ in the island. It will also add to the Group’s existing private client offering in Hong Kong and London. Once Nautilus is integrated and rebranded, First Names Group will have nearly 800 employees operating across its network of 14 global offices. Mark Pesco, Group Managing Director – Private Clients at First Names Group comments:“The acquisition of Nautilus is a significant milestone for the Group. We are highly ambitious and have delivered exceptional growth over the last few years which would not have been possible without the hard work and dedication of our First Names.  I am really proud of what we have achieved so far both in terms of economies of scale and increased market share.”Ben Newman, Managing Director of First Names (Jersey) Limited comments: “Nautilus is a great fit for us both commercially and culturally and I am really pleased to welcome the team to First Names Group. The acquisition will further strengthen our Jersey operation and I am excited about driving the business forward. ”
  • http://www.iaireview.org/pacific-fund-systems-strengthens-management-team-743.html Pacific Fund Systems strengthens management team - Pacific Fund Systems (PFS), a provider of fund accounting and transfer agency administration software via its PFS-PAXUS application, has made two senior appointments to its European-based executive team.Kelly Ashe, who has joined the team as the sales and marketing manager for the group, is based in PFS’s new European operational headquarters on the Isle of Man and brings with her a wealth of core fund industry knowledge and experience of software sales, vendor marketing and business development.Ashe will report to Paul Kneen, chief operating officer, and will be responsible for facilitating and enabling the efficient and successful delivery of PFS’ marketing and business development strategic plan, with a key focus on pursuing new business development targets, raising brand awareness, managing lead generation and on-boarding new clients.Martin Heaney, who will also be based in the PFS European operational headquarters, has joined the team as a senior business analyst and head of testing. Heaney brings with him over 25 years’ financial services experience in banking operations and fund administration, having most recently served as managing director at Abacus Financial Services.Heaney will take overall responsibility for the testing and delivery of all PFS-Paxus upgrades and enhancements, across the system and client base.
  • http://www.iaireview.org/china-a-great-power-and-a-brilliant-future-full-of-potential-exclusive-interview-with-michael-zhao-owner-of-alleco-330.html China: a great power and a brilliant future full of potential - Exclusive Interview with Michael Zhao, owner of Alleco - The 8th Guangzhou International Water Heater Exhibition, held from 19 to 21 August, is an exclusive show specialized in the water heater industry.Supported by the Government, associations, enterprises and the medias both at home and abroad saw the participation of 300 exhibitors and 12,000 visitors.The Guangzhou International Water Heater Exhibition has grown to the exclusive trade show which is the only one specialized in the water heating industry. Michael Zhao is the owner of Alleco (www.gdalleco.com), a factory established in 1999 that carries a brand of consumer drinking water products.The aim of Alleco is to provide good quality drinking water to customers and so far, has come up with a range of product ranging from the convenient household 3-In-1 kettle to the higher range of health enhancing Calcium lon/Enhanced Drinking water.Mr Zhao, in these years China has gone green. Which is the situation in this kind of investment?Yes, China has gone green in these years and at the same time it has become the world s second economy. I believe that we have a really great power and a brilliant future full of potential.Is that a good choice for investing in natural sources?Obviously, it is a good choice to invest in natural sources. China has a vast and large population, with a wealth of natural resources. China, the United States and Europe are the world s three largest economies, but at present China is the second one. In the long run, China s economy will maintain its growth, a higher rate of economic development in the future for more than ten years, and still can keep the growth rate of 8%. In 2020 China s national strength will be more than the United States and the European Union, and China will probably become the first big economy in the world’s economy.  Francesca EspositoThe interivew continues on IAIR 3/2013  
  • http://www.iaireview.org/venture-capital-&-private-equity-scenarios-for-biotech-companies-exclusive-interview-with-anne-kim-vice-president-quadria-capital-306.html Venture Capital & Private Equity scenarios for Biotech Companies - Exclusive Interview with Anne Kim, Vice President - Quadria Capital - During the Asia Biotech Investment, held in Hong Kong the 4th and 5th of June, Anne Kim spoke about China s changing biotech scene. Anne Kim is a Vice President with Quadria Capital, a private equity fund specializing in Asian healthcare. Previously, she was a healthcare venture capitalist with InvestorAB in New York and a healthcare investment banker with JPMorgan San Francisco and UBS New York.Anne, what is the situation and landscape for venture capital and private equity for biotech companies?Biotech activity in terms of both the number of businesses and their fundraising dollars has traditionally been led by the Western markets, particularly the U.S. and Europe. This continues to be the case today, particularly as it takes significant time for all the necessary ingredients for a healthy biotech ecosystem – including technology and innovation, commercialization, management and human capital, and financial capital to come together.However, we are beginning to see such biotech ecosystems emerge in Asia –there are clusters of activity emerging in China, Singapore, Malaysia and Australia. For example, in China, there are highly experienced scientists and researchers who are moving back from the U.S. and Europe to start their own biotechnology initiatives, while in Singapore and Malaysia, local entrepreneurs have benefitted from governmental support.The flow of capital tends to reflect the opportunities that are available – and we are starting to see increasing venture capital and private equity activity for biotech and healthcare companies in Asia in terms of both investment focus and capital deployment.What are the key trends in venture capital and private equities funding for biotech companies?Biotech companies in Asia – and the healthcare sector in general – is quickly becoming an area of focus for many venture capital and private equity funds. Fund interest has also been bolstered by increasing liquidity in Asia, and improving exit opportunities via IPO and M&A.Another trend is the use of alternative capital – perhaps due to the nascent nature of the Asian biotech market and healthcare venture capital private equity market, many biotech companies have sourced funding from family offices, multi-family investment vehicles and high net worth individuals. Francesca EspositoThe interivew continues on IAIR 3/2013  
  • http://www.iaireview.org/access-opportunities-in-asia-s-leading-biotech-countries-exclusive-interview-with-rhenu-bhuller-vice-president-frost-&-sullivan-294.html Access opportunities in Asia's leading biotech countries - Exclusive Interview with Rhenu Bhuller, Vice President Frost & Sullivan - During the Asia Biotech Invest 2013, held in Hong Kong the 3-5 of June, one of the panel was about regulatory landscape and investment climate for life science in Asia Pacific.Rhenu Bhuller, Vice President of Frost & Sullivan s healthcare team with over 20 years of working experience in the healthcare industry, reply to IAIR Review questions.Miss Rhenu Bhuller, which are the access opportunities and hurdles encountered in Asia s leading biotech countries?Various frameworks in place or planned (other than patent recognition and data exclusivity laws) are: ASEAN to introduce harmonized ASEAN Medical Device Directive (AMDD) that will improve the medical device importation, registration and distribution regulations in 10 member states in the region. Japan increased reimbursement for innovative medical devices (entirely new product/technology previously non-existent in Japan). This will encourage OEMs to launch new devices at the same time as in US and Europe. China s SFDA increased penalty for Medical Device violations. SFDA also issued new guidelines for adverse events reporting, clinical trials, and labeling. India to initiate new regulations for medical device new registration and licensing.This will improve the quality of end product consumed. The discussions are still in the parliament. Singapore reduced regulatory requirement for Class A device dealer licensing and faster access and lower regulatory fees for Class C and D medical devices. This is expected to be replicated in Malaysia.These emerging economies are also undertaking healthcare reforms to improve access to quality healthcare, improve the performance and efficiency of the health system, control spending and improve health outcomes, providing opportunities for providers of health technology. These reforms will boost the healthcare technology industry through expanded coverage and measures to improve the quality and efficiency of healthcare services. For example, China has unveiled healthcare reforms to ensure fair and affordable health services for all its citizens. Under these reforms, two-third of the allocated $124 billion will be spent on expansion of public medical insurance and one-third on medical infrastructure improvement. Challenges however are:-        Regulations: Varying throughout different regions; more stringent, requiring extensive proof of efficacy, safety and cost effectiveness rather than only efficacy and safety; regulators becoming even more selective and stringent with approval processes-        Reimbursement and Market access: Controlling health budgets are on every Governments agenda; while other healthcare costs like hospital care are a much larger component of healthcare costs, drugs are the most visible and one of the easier ones to control-        Markets: Global and regional harmonization is still some years away, and different regions and even different countries have differing regulations and requirements, which means that manufacturers need to have multiple resources to cater to these-        Earlier filing of patents: With increasing development times for new drugs and the tendency for the patent office to issue composition of matter patents in the early stages of development, innovator biologics companies may find themselves in a situation with little or no patent term left to protect their investment when the product enters the market. On average, biologics require ten to fifteen years to progress from initial discovery to FDA approval.-        Limited target population: Biotech R&D tends to focus on targeted therapy for limited, niche populations rather than large patient groups leading to higher costs and longer periods required to recoup R&D investmentFrancesca EspositoThe interivew continues on IAIR 3/2013   
  • http://www.iaireview.org/advices-for-successful-investments-in-biotechnology-exclusive-interview-with-ming-chung-wong-ceo-of-lotus-innovative-health-281.html ADVICES FOR SUCCESSFUL INVESTMENTS IN BIOTECHNOLOGY - EXCLUSIVE INTERVIEW WITH MING-CHUNG WONG, CEO OF LOTUS INNOVATIVE HEALTH - During the Asia Biotech Invest Event, which took place in Hong Kong at the beginning of June, Ming-Chung Wong, CEO of Lotus Innovative Health, participated to the panel about Ip strategies and business models for future growth in Asia Pacific. Ming-Chung Wong is the founder of a biopharmaceutical company developing anti-angiogenesis inhibitors for neovascular based diseases. Previously, he worked as Chief Operating Officer at Angiogen Inc., a biotechnology company in San Diego, CA, and as a life science and pharmaceutical industry analyst at Security Global Investors. Mr Ming - Chung , what are the strategies for IP protection & successful investment?We try to apply for patents in a strategic fashion. Since we are a small company, we cannot afford patent coverage worldwide. Thus, we try to apply for patents in the countries with the greatest market potential (US, China). As for investment, the best strategy we have found is to be flexible. As VC funding is difficult for an early stage company, we found that we need to look at many different investors apart from the normal VCs, Angels, and Pharmaceutical collaborations. We are actively looking at a form of crowdfunding, which allows multiple investors to invest for smaller stakes in the company. This has enabled us to find several private investors who invest smaller sums, but we are able to accumulate larger investments when added together.What level of protection is needed to safeguard your IP investment? Protection of our IP is difficult. In one sense, we are giving competitors access to our technology when we patent our technologies. Apart from having people sign off on their work notebooks on a daily basis, things that happen outside the company are out of our control. If we find signs of infringement, we can attempt to act on it depending on jurisdiction, but this is an ongoing issue in many regions (i.e. China). Francesca Esposito The interview continues on IAIR 3/2013  
  • http://www.iaireview.org/jabre-capital-a-winning-investment-strategy-in-the-hedge-funds-sector-572.html JABRE CAPITAL: A WINNING INVESTMENT STRATEGY IN THE HEDGE FUNDS SECTOR - Jabre Capital has been awarded as Best Fund Manager in Europe at IAIR Awards 2014. What do you think are the key factors that lead you to success? The key part of our success has been our ability to combine rigorous fundamental stock selection with an aggressive and dynamic top down asset allocation process. This has allowed us to continually exploit opportunities at the micro level but protect the portfolio during down turns in the market cycle. As a result, over a very long period of time, we have successfully avoided the trap of benchmarks and instead been able to deliver exceptional absolute returns for our clients. What range of investment management services does Jabre Capital Partners offer? Jabre Capital offers a number of investment Funds both offshore and onshore UCITS compliant all of which focus on providing non correlated absolute returns to investors. Our main focus is on the Global Equity markets but we also have a strong expertise in convertible bonds and other credit instruments as we feel they offer a skewed risk reward profile.  Jabre Capital was one of the largest new launches in recent years. What are the goals to be achieved for the coming years? Our goal is to continue to achieve exceptional returns for investors. As a Firm, we are managing approximately $2bn and we would like to modestly grow this number but never to compromise our opportunities by becoming too big.Jabre Capital Partners diversifies the investment management products using traditional and alternative approaches. Can you give details about the strategies used? The line between traditional and alternative strategies has become increasingly blurred and we do not feel it is an important distinction because ultimately investors are all looking for the same outcome. Our investment process has always had a traditional methodology but we become alternative by not following any indexes so that our opportunity set is never compromised. For us, every investment must be considered on its own merits and then when they are combined together, a disciplined risk overlay is applied to ensure that we do not leave ourselves open to exogenous or unexpected market events. In 2007 Jabre Capital launched JABCAP Convertible Bond Fund: what are the key benefits for the convertible? Philippe Jabre started his career in convertibles more than 30 years ago and is well recognized as one of the experts of the asset class. Given that our focus is always on achieving absolute returns, convertible bonds are particularly attractive because they provide investors with an equity opportunity but with a limited downside provided by the intrinsic credit floor. As a result, over a long period of time, our investors have been able to achieve equity like returns but with a materially lower volatility and most importantly a lower draw down risk. Given the higher volatility in the markets currently and an attractive valuation in the asset class generally, we feel that convertibles currently offer investors an exceptional opportunity for growth in the medium term. Claudia ChiariFor more info: www.jabcap.com - [email protected] In the picture: Philippe Jabre 
  • http://www.iaireview.org/philosophy-people-and-process-the-success-formula-of-rogers-investment-advisors-447.html Philosophy, People and Process: the success formula of Rogers Investment Advisors - Advising clients on superior investment opportunities in Asia: how does Rogers Investment Advisors accomplish this challenging mission?At Rogers IA we have always focused on getting the “three P’s” right.  The three P’s are Philosophy, People and Process. Our guiding philosophy is that we are a client driven business that should add significant value to investors at multiple points of the hedge fund investment process – from manager sourcing to pre-investment due diligence to post-investment risk management oversight. In our funds we aim to provide the best possible risk-adjusted returns across various liquidity structures to investors seeking Asian hedge fund investments. People - our single biggest asset is the intellectual capital that our multi-lingual, multi-cultural team of Asian experts uses for the benefit of our clients. Process – with our decades of tier 1 buy side and sell side experience in Asian hedge funds and asset management, we have built a due diligence and investment oversight process that combines best-in-class due diligence and risk management practice with our own bespoke improvements to both quantitative and qualitative understanding of risk factors associated with Asian hedge fund investing.You have been awarded for Excellence in Hedge Funds Management with a specific focus on Asian Equity: what are your key factors to succeed?Our physical presence in Asia, sole focus on investing in Asian hedge funds, and significant background experiences in asset management, hedge fund and proprietary trading, and general financial services business management in Asia are all factors that set us apart from our competitors and have led to consistent outperformance for our investors.Which are the advantages of your choice to be a Tokyo-based hedge fund of hedge funds investment advisor?Apart from the tremendous quality of life benefits that help keep our Japan-based staff happy on a personal level, Tokyo has excellent infrastructure to support a regional Asian business. From Haneda Airport the cities of Hong Kong, Shanghai and Seoul are all quicker trips than from New York to Los Angeles, and fewer time zones away as well. Our staff are constantly conducting onsite due diligence in Singapore and Hong Kong at a cost of less than $200 USD per manager visit. We estimate that US or European based due diligence teams spend over $2,000 USD per onsite manager visit in Asia. Our more cost effective base allows us to conduct hundreds of onsite due diligence meetings in Asia per year, yielding far more pre- and post-investment information at far lower cost than competitors. We effectively have an “information arbitrage” in the form of conducting far more due diligence at a very cost effective rate – all of which benefits our investors.A specialized Japanese fund is almost the only way to solve the “Paradox of 10 & 10”. Can you highlight better this issue? The Paradox of $10 and 10% refers to the common institutional investment guideline that no single investor should be more than 10% of the asset base of a fund. Also, for institutional investors, investments of less than $10 million are often simply too small to be meaningful for their portfolios. These two facts create the mathematical paradox that prevents investors from allocating to sub-$100 million AUM hedge funds – which is unfortunately over 80% of the universe of funds available in Asia. Our Japan-only fund of funds solves this problem by giving an institutional investor the chance to allocate one $10 million ticket to our fund, yet effectively invest in 12 funds, of which almost half have less than $100 million in AUM. What is the true advantage of this? Many recent academic works have noted the higher returns profile of smaller, nimbler hedge funds that have a laser-focus on performance. Accessing these funds has been a critical component of success for Rogers Investment Advisors. Rogers Investment Advisors and the next achievements for this year…Our goals are to continue the outstanding alpha performance of the past seven years – averaging approximately 4% alpha a year – and to continually improve our quantitative and qualitative due diligence process. We have opened an office in Hong Kong which will also facilitate our product expansion to Asia ex-Japan. Above all we seek to have another year such as 2013 where our investor feedback was uniformly positive, and their happiness with our performance was buttressed with increased asset inflow to our products.www.rogersia.com Claudia Chiari
  • http://www.iaireview.org/first-initiative-to-launch-islamic-banking-in-uzbekistan-122.html First Initiative to launch Islamic Banking in Uzbekistan - (Lahore – Pakistan ) Uzbekistan is an important Central Asian country with a population of 30 million; out of them 96% population is Muslims. It is not only enriched with gas, oil and other natural resources but, along with this, it has been the center of knowledge and Islam for a long time. It was through Uzbekistan that Islam paved its way to the sub-continent (Presently: Afghanistan, Pakistan, Bangladesh and India). Moreover, two famous Muhaddis; Imam Bukhari and Imam Tirmizi are also enshrined here. Uzbekistan s cities Bukhara, Samarkand and Tashkent remained the hub of Muslim civilization s knowledge and skills for an extended period of time and the whole world benefited from their skills and knowledge. Muhammad Zubair Mughal, Chief Executive Officer of AlHuda Centre of Islamic Banking and Economics met with Ikram Ibragimov, the chairman of supervisory board of Hamkor Bank in Uzbekistan s capital, Tashkent. During the meeting, they had a detailed discussion on affairs of their mutual interest for the advancement of Islamic banking in Uzbekistan. According to Mr. Ikram Ibragimov, Hamkor Bank is the only bank is Uzbekistan which is working in collaboration with international organization e.g World Bank, Islamic Development Bank, Asian Development Bank, European Bank, KFW, Triple Jump and others. He stated "We are happy to announce that AlHuda CIBE Pakistan will be our Advisor for Islamic Banking. They will provide us Consultancy, Shariah Advisory and Human Capital Development in this field so that Islamic banking can be initiated in Uzbekistan with sound foundations." Furthermore, he said that their bank has a wide network in Uzbekistan through which they wish to render the services of Islamic Banking. Mr. Muhammad Zubair Mughal said that it is an honor for AlHuda CIBE to provide professional services for the commencement of Islamic banking in Uzbekistan. He mentioned that Uzbekistan will prove to be a large market for Islamic banking in near future and there is a huge potential for other Central Asian countries to benefit from it as well. He thanked Mr. Ikram Ibragimov for choosing AlHuda CIBE for this purpose. A three-member delegation of AlHuda CIBE team will strengthen the human capital of Humkor Bank towards Islamic Banking at their office from this week for properly initiate assignment. It should be noted that Hamkor Bank is a part of a large financial group of Uzbekistan. The group comprises of a bank, insurance company, 4 leasing companies and other institutions. 
  • http://www.iaireview.org/the-investor-day-enchants-monaco-93.html THE INVESTOR DAY ENCHANTS MONACO - After the successful first edition held last May in Milan and the second one held in November in Switzerland, the Investor Day (www.investorday.org) has enchanted the prestigious audience  of Monaco. The event, already a point of reference  for Institutional and Individual Investors, is organized by Le Fonti Publishing House in partnership  with ActivTrades and supported by Italie-France and AIIM (Association of Italian Entrepreneurs in Monaco), with the participation  of Chambre de Développement Économique and AMREF Monaco. The third  edition took place on 5th December 2012 in the marvelous Hotel de Paris, in front of the Casino Square. Asset and Wealth Management, Entrepreneurial Management of trading, the role of Forex Markets, Forex as an Asset Class, Future Scenarios and Investment Strategies were the main topics of the eventdiscussed through roundtables and dedicated forums. Speakers especially talked about the consequences of Barack Obama’s new election, focusing on US Dollar and the other currencies, the financial relationship between Italy and France and the portfolio diversification  thanks to the correlation in order to manage risk and gain  even in periods of crisis.   Some of the most important Institutions and Associations in Monaco greet the numerous attendees. The Italian Ambassador in Monaco Antonio Morabito, Niccolò Chiusano, Vice President at AIIM, Guido Giommi, Chairmanat Le Fonti Publishing House, Edoardo Secchi, Founder at Italie-France, Riccardo Arvati, President at AMREF Monaco and Elisabeth RITTER-MOATI, General Manager Investment & Promotion Chambre de Développement Économique de Monaco.  The Financial Analyst Giovanni Lapidari opened the conference talking about the Entrepreneurial Management of trading, focusing on the Forex Markets. «The majority of investors believe that the market is controlled and led by the big players. This is the reason why it’s very difficult to avoid losses in trading. But is it always real? And then: are there tools and graphic devices able to  distinguish the phases of accumulation and distribution, for a smooth position with the flow of the market?». Lapidari gave some answers to these key questions. Thanks to retracement, pivot points, volume zones, moving averages, trend lines and historical max-min is possible to gain even in this difficult contingency. According to the financial analyst, they have just to respect a single but fundamental idea: «The market is  my customer and I am its bank».   We discussed about the future scenarios related to EURUSD and short term interest rate, with Antonio Carnevale, Co-Head TRAPEZITA that suggested  some investment strategies. «Why is there a difference between the EURUSD in 2007 and today if the spread between the 2 years rates now is approximately equal to zero, as it was in 2007? – wondered Carnevale -. Here we go with two new factors: the liquidity and the risk premium on government bonds».   An interesting roundtable’s discussion followed Antonio Carnevale’s speech. Giuseppe G. Santorsola, Professor in Economics of Financial Intermediaries University Parthenope (Naples) summed up the consequences on US $ performances and the currency market behavior after Barack Obama re-election in his second term.   Professor Phil H. Latimier du Clésieux focused on Eurozone and especially on the relationship among Italy, France and the Principality of Monaco.   The economist Fabrizio Zampieri, through the data coming from Credit Default Swap, analyzed the European national debts and the main scenarios for Italy, Spain, Greece and Portugal. Daniela Turri has expanded the view to Asian markets where the consequences of the global crisis will be more evident in 2013, even in China and India.   Luca Stellato, Founder Capital One Finance, gave strategic suggestions in order to use diversification and correlation as instruments to  manage portfolio risk and gain  even in this difficult period.   «The Investor Day will take place all over the world – said Guido Giommi, Chairman at Le Fonti Publishing House – in the heart of the most important financial centers of the world, such as Zurich, London and Hong Kong. To  the success of our approach to global finance, 50 of Fortune 500 are our main clients». «It was a very interesting and well done conference» commented some Ultra Affluents.   «Congratulations for this important event that we hope you’re going to do again here in Monaco» said the Ambassador Morabito.   We look forward to your attendance  at the Investor Day IV Edition in Zurich, Rome, London and Hong Kong.   Alessia Liparoti
  • http://www.iaireview.org/discussion-over-contemporary-issues-of-halal-food-and-their-solutions-�-organized-by-halal-research-council-737.html Discussion over contemporary issues of Halal food and their solutions – Organized by Halal Research Council - A special sitting was arranged by Halal Research Council to discuss the latest issues of Halal food and how we can overcome them. Prof. Dr. Javaid Aziz Awan, Prof. Dr. Sohaib, Mufti Muhammad Ahsan Zafar, Muhammad Zubair Mughal, Mufti Raees Ahmed and Mr. Ghulam Murtaza attended the session. Speakers stressed upon the fact that the rules made for the Halal food industry in Pakistan are not entirely followed. On the contrary, in the Western world, to save animals from severe pain, they are first made unconscious and then slaughtered. But in our religion Islam it is prohibited. It is also not allowed in the rules and regulations of Pakistan. The common man is also not much aware of Halal food. For this, Pakistani media should play its role. Dr. Javaid Aziz Awan of Islamic Food and Nutrition Council of America(IFINCA) saidthat the trend of making the animals unconscious started in the 18th century although Islam clarified the rights of animals 1400 years ago.Americans and Europeans did not implement the human rights completely, how are they going to put in practice the rights of animals. Mufti Muhammad Ahsan Zafar of South Africa National Halal Authority (SANHA)said that in our society, the latest method of mechanical slaughtering in prohibited. While making the rules, PSQCA included individuals from all religious school of thoughts. Likewise in Pakistan, it’s not allowed to make the animals unconscious before slaughtering.As Halal testing is one of the most expensive methods, the Government should feel the responsibility and must rectify it. Muhammad Zubair Mughal of AlHuda expressed his thoughts saying that we can get more benefit from CPEC (46 Billion dollar Agreement between Pakistan and China) if we build a “Halal Economic Zone” along with this route. According to the forecast, in 2025, China will transfer its exports to the food industry and will invest only on 10 percent of the remaining exports. This is the reason why it wants to use its global food plan along with CPEC to make the maximum foreign exchange. Pakistan should get the maximum benefit by making Halal economic zones in adjacent areas of CPEC, and by introducing Halal food on internationally. Pakistan can gain utmost advantage from this agreement.

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