A quick presentation on the pitfalls and problems of raising investment fund capital in the Middle East, as well as the pros & cons of the various strategies used when attempting to penetrate this historically difficult - yet highly lucrative - market.
Invest in Real Estate with a CIAS & secure your future today!RE/MAX Allegiance
This presentation discusses investing in real estate through a self-directed IRA. It compares the growth potential of real estate to other assets like bonds, stocks and mutual funds. Real estate offers cash flow, appreciation potential, leverage, and tax benefits. The presentation shows how using a self-directed IRA to invest in an income-generating property can outperform a traditional IRA invested in mutual funds. In the example, the self-directed IRA invested in real estate earns 90% more over 5 years.
ACG European Capital Tour Pamela Hendrickson and Dominique GaillardACGEU
ACG European Capital Tour; views and perspectives on French and US private equity. Pamela Hendrickson COO the Riverside Company, Dominique Gaillard, Board member AXA Private Equity
The document summarizes the findings of a survey on crowd funding in Australia. 80% of respondents were receptive to allowing securities crowd funding as an alternative for startups to raise capital, as long as proper regulatory measures are in place. The majority believed the ideal maximum amount raised through a crowd funding platform is $1,000,000, to keep costs low while maintaining integrity. Most survey participants were entrepreneurs or business owners. The conclusion reflects on additional points to consider regarding crowd funding regulations.
Assistant: Assistant:
Paraplanner Paraplanner Portfolio Manager
Regulation: Regulation: Regulation:
IIROC FP Canada Portfolio Management
Fee: Fee: Fee:
Transaction based Hourly/Fixed/AUM AUM
Focus: Focus: Focus:
Products Planning Advisory
Client: Client: Client:
Mass Affluent Mass Affluent/HNW HNW
Execution Strategies
Lump Sum
- All at once
Dollar Cost Averaging
- Regular intervals over time
Value Averaging
- Buys more shares
WINK Calgary presents "Learn to love your money - basics of investing"Patty Auger, CA, CFP
This document provides an overview of investment allocation and risk management strategies. It discusses asset allocation models for different investor lifecycles, including sample portfolios with varying risk profiles. Historical return and risk data is presented for the sample portfolios. The document also reviews relationship types with investment managers, such as advisory vs. fiduciary duty relationships. Timeless risk management strategies like sector and position limits are covered as well.
Liability Driven Investment Europe 2011Rosa Cortez
Managing pension funds towards a liability efficient frontier in an uncertain global economic environment.
After a one year gap, Finance IQ’s Liability Driven Investment Europe 2011 brings together the entire institutional investment chain including plan sponsors, pension trustees, regulators and carefully selected asset management organisations to discuss cutting edge strategies to mitigate pension fund risk through LDI.
The conference will cover the latest insights into asset – liability matching, strategic asset allocation and upcoming European regulations to educate plan sponsors on building an optimal LDI pension strategy.
Boardroom dynamics continue to evolve and change in response to increased regulatory requirements, complex business environments, globalization, economic challenges, and shareholder activism. Whether your company is privately held, publicly traded, or a non-profit organization, our program will help you assess and strengthen your current leadership teams in today’s challenging business landscape.
Invest in Real Estate with a CIAS & secure your future today!RE/MAX Allegiance
This presentation discusses investing in real estate through a self-directed IRA. It compares the growth potential of real estate to other assets like bonds, stocks and mutual funds. Real estate offers cash flow, appreciation potential, leverage, and tax benefits. The presentation shows how using a self-directed IRA to invest in an income-generating property can outperform a traditional IRA invested in mutual funds. In the example, the self-directed IRA invested in real estate earns 90% more over 5 years.
ACG European Capital Tour Pamela Hendrickson and Dominique GaillardACGEU
ACG European Capital Tour; views and perspectives on French and US private equity. Pamela Hendrickson COO the Riverside Company, Dominique Gaillard, Board member AXA Private Equity
The document summarizes the findings of a survey on crowd funding in Australia. 80% of respondents were receptive to allowing securities crowd funding as an alternative for startups to raise capital, as long as proper regulatory measures are in place. The majority believed the ideal maximum amount raised through a crowd funding platform is $1,000,000, to keep costs low while maintaining integrity. Most survey participants were entrepreneurs or business owners. The conclusion reflects on additional points to consider regarding crowd funding regulations.
Assistant: Assistant:
Paraplanner Paraplanner Portfolio Manager
Regulation: Regulation: Regulation:
IIROC FP Canada Portfolio Management
Fee: Fee: Fee:
Transaction based Hourly/Fixed/AUM AUM
Focus: Focus: Focus:
Products Planning Advisory
Client: Client: Client:
Mass Affluent Mass Affluent/HNW HNW
Execution Strategies
Lump Sum
- All at once
Dollar Cost Averaging
- Regular intervals over time
Value Averaging
- Buys more shares
WINK Calgary presents "Learn to love your money - basics of investing"Patty Auger, CA, CFP
This document provides an overview of investment allocation and risk management strategies. It discusses asset allocation models for different investor lifecycles, including sample portfolios with varying risk profiles. Historical return and risk data is presented for the sample portfolios. The document also reviews relationship types with investment managers, such as advisory vs. fiduciary duty relationships. Timeless risk management strategies like sector and position limits are covered as well.
Liability Driven Investment Europe 2011Rosa Cortez
Managing pension funds towards a liability efficient frontier in an uncertain global economic environment.
After a one year gap, Finance IQ’s Liability Driven Investment Europe 2011 brings together the entire institutional investment chain including plan sponsors, pension trustees, regulators and carefully selected asset management organisations to discuss cutting edge strategies to mitigate pension fund risk through LDI.
The conference will cover the latest insights into asset – liability matching, strategic asset allocation and upcoming European regulations to educate plan sponsors on building an optimal LDI pension strategy.
Boardroom dynamics continue to evolve and change in response to increased regulatory requirements, complex business environments, globalization, economic challenges, and shareholder activism. Whether your company is privately held, publicly traded, or a non-profit organization, our program will help you assess and strengthen your current leadership teams in today’s challenging business landscape.
Gwen Becker, RBC and Allison Maher, Family Wealth Coach lead you through the critical questions to empower you to take ownership of your financial future.
Alternatives to Traditional Canadian Fixed IncomeJamie_Colliver
This document summarizes Jamie Colliver's presentation on alternatives to traditional Canadian fixed income investments. Some key points include:
- Traditional fixed income portfolios are often benchmarked against the DEX Universe index and have a home country bias, but alternatives exist that can improve risk-adjusted returns.
- Post-2008, investors are more focused on risk-adjusted returns, liability-driven investing, and taking on foreign currency exposure to generate alpha.
- The current fixed income landscape includes increasing bond allocations to better match liabilities, taking on non-Canadian exposure, sector allocation strategies, and active managers who can add value through security selection and anticipating credit events.
- Integra proposes alternatives like
This article highlights 15 top-performing mutual funds over the past 5 years. It begins by discussing the difficult market environment for funds since 2005, with the average annual return just 2% compared to inflation. However, some funds delivered much better returns. The top-performing fund highlighted is the Yacktman fund, which returned 40% over 5 years compared to just 4,000% for a market index fund. The article then examines the BlackRock Global Allocation fund in more detail as the top global fund. It achieved an average annual return of 7.7% over 15 years by taking advantage of market downturns to buy stocks and bonds at lower prices. The fund aims to limit risk by diversifying across
The document outlines various types of fixed income investments and their historical risk and return characteristics over time. It provides data on the average annual returns, maximum and minimum 12-month returns, standard deviation of returns, and ending value of a $10,000 investment for different fixed income asset classes including Treasury bills, bonds, notes, agency bonds, TIPS, mortgage-backed securities, asset-backed securities, municipal bonds, investment grade corporate bonds, and high yield corporate bonds. Overall, higher risk fixed income asset classes like high yield corporate bonds provided higher average returns but also greater volatility and downside risks.
This document discusses the basics of personal finance and wealth building, including understanding income, expenses, assets, and liabilities. It explains the cash flow patterns of different asset types like stocks, bonds, real estate, and intellectual property, as well as liability types like mortgages and loans. The document also examines why the rich tend to get richer through strategic use of assets and liabilities, and why the middle class may struggle, before thanking the reader.
Creating a Brand Identity for Wealth ManagementChappy_02
This document provides an overview of Constellation Wealth Advisors, a financial advisory firm that specializes in advising celebrities and athletes. It discusses the challenges athletes face with finances, common mistakes made, and how CWA aims to help clients build sustainable wealth through personalized strategies, sound investments, and comprehensive financial planning and advisory services. The goal is to help clients maximize earnings potential during their careers and maintain financial stability after retirement from sports.
John and Betty Smith, aged 60 and 58 respectively, have 4 children and 9 grandchildren. They recently sold their business and are looking to retire. They have $6 million in total assets including $5 million in investments. Their annual expenses total $280,000. They want to ensure a financially secure retirement while funding their grandchildren's education and other goals. A proposed asset allocation of 60% stocks and 40% bonds is projected to meet their needs with an 8.3% expected annual return.
Fixed income and endowment portfolio managementgooseinoz
This document provides an overview and agenda for a presentation on fixed income and endowment portfolio management. It discusses the role of bonds in a portfolio, focusing on providing defense, liquidity and yield. It notes that bond returns have diminished with low yields. It then explores alternative credit strategies like direct lending, asset-based lending and collateralized loan obligations (CLOs) as higher returning alternatives. CLOs in particular are discussed, showing their historical returns have been higher than bonds.
Hilltop decorrelated fund september 2013 factsheetJohn Robertson
The Hilltop Decorrelated Fund enjoyed strong returns in September of 1.3%. Fifteen of the underlying managers were positive and three were negative. Two new strategies were added that demonstrate compelling opportunities and ability to deliver non-correlated returns. The portfolio review is nearly complete and may lead to two or three further changes. The fund targets consistent, low volatility returns with limited drawdowns through a multi-manager approach investing in strategies across global markets.
The document outlines 3 secrets of how wealthy people create and preserve wealth through real estate investments. Secret #1 is that wealthy people take control of their finances rather than relying on banks and financial advisors. Secret #2 is that real estate offers greater returns than other investments due to leverage and cash flow. Secret #3 is that wealthy people understand risk versus reward and are willing to take on more risk for higher potential returns rather than focusing solely on guaranteed safety. The document promotes a real estate investment seminar and fund.
The document outlines an agenda for a seminar on increasing and preserving wealth. The agenda includes introductions, four strategies to increase wealth presented by Susan Hill, a Q&A session, a coffee break, four ways to preserve wealth presented by Nicholas Turner, six ways retirees ruin their finances presented by Nick and Susie, and another Q&A session followed by a lunch reservation. Susan Hill will discuss knowing your objectives, appetite for risk, efficient frontiers, and being tax efficient. Nicholas Turner will discuss preserving wealth.
This document discusses the planned giving program of Episcopal Senior Communities. It provides details on its 6 continuing care retirement communities and affordable housing programs serving over 11,000 seniors. The Episcopal Senior Communities Foundation was created in 2002 to raise funds and its annual income has grown to over $7 million from outright gifts, gift annuity contracts, and charitable remainder trusts. The document outlines the foundation's strategies for managing risks associated with gift vehicles, ensuring legal and regulatory compliance, and protecting the interests of donors.
We'll admit it upfront: Municipal bonds are not as sexy as common stock in biotech firms or airlines. Compared to many stocks' speedboat nature -- hopping across the choppy surface, sending ripples far and wide -- many have glided like sailboats on relatively calm waters, though not all have performed well. For this reason, among others, they play an important role in any serious investor's portfolio.
Présentation du Prof Pierre-Majorique Léger et Prof Sylvain Sénécal, co-directeurs du Tech3Lab, lors de la la conférence du 12 novembre 2015 à HEC Montréal dans le cadre de la Journée Mondiale de l'Utilisabilité de HEC Montréal #engageUX
Présentation du Prof Eric Brangier (Université de Lorraine), lors de la conférence du 12 novembre 2015 à HEC Montréal dans le cadre de la Journée Mondiale de l'Utilisabilité #engageUX
Utiliser les reseaux sociaux pour son entrepriseEditoile
Comment utiliser les réseaux sociaux, notamment Facebook, pour son entreprise ? Quels objectifs viser ? Quel retour sur investissement en attendre ? Quelle ligne éditoriale suivre ? Comment développer une communauté de fans engagée ?
Une présentation réalisée par Gabrielle Denis, directrice d'Editoile, à la CCI (Chambre de Commerce et d'Industrie) de Libourne lors de la Faites de la création d'entreprise en novembre 2015.
Pour en savoir plus sur Editoile : http://editoile.fr/
Gwen Becker, RBC and Allison Maher, Family Wealth Coach lead you through the critical questions to empower you to take ownership of your financial future.
Alternatives to Traditional Canadian Fixed IncomeJamie_Colliver
This document summarizes Jamie Colliver's presentation on alternatives to traditional Canadian fixed income investments. Some key points include:
- Traditional fixed income portfolios are often benchmarked against the DEX Universe index and have a home country bias, but alternatives exist that can improve risk-adjusted returns.
- Post-2008, investors are more focused on risk-adjusted returns, liability-driven investing, and taking on foreign currency exposure to generate alpha.
- The current fixed income landscape includes increasing bond allocations to better match liabilities, taking on non-Canadian exposure, sector allocation strategies, and active managers who can add value through security selection and anticipating credit events.
- Integra proposes alternatives like
This article highlights 15 top-performing mutual funds over the past 5 years. It begins by discussing the difficult market environment for funds since 2005, with the average annual return just 2% compared to inflation. However, some funds delivered much better returns. The top-performing fund highlighted is the Yacktman fund, which returned 40% over 5 years compared to just 4,000% for a market index fund. The article then examines the BlackRock Global Allocation fund in more detail as the top global fund. It achieved an average annual return of 7.7% over 15 years by taking advantage of market downturns to buy stocks and bonds at lower prices. The fund aims to limit risk by diversifying across
The document outlines various types of fixed income investments and their historical risk and return characteristics over time. It provides data on the average annual returns, maximum and minimum 12-month returns, standard deviation of returns, and ending value of a $10,000 investment for different fixed income asset classes including Treasury bills, bonds, notes, agency bonds, TIPS, mortgage-backed securities, asset-backed securities, municipal bonds, investment grade corporate bonds, and high yield corporate bonds. Overall, higher risk fixed income asset classes like high yield corporate bonds provided higher average returns but also greater volatility and downside risks.
This document discusses the basics of personal finance and wealth building, including understanding income, expenses, assets, and liabilities. It explains the cash flow patterns of different asset types like stocks, bonds, real estate, and intellectual property, as well as liability types like mortgages and loans. The document also examines why the rich tend to get richer through strategic use of assets and liabilities, and why the middle class may struggle, before thanking the reader.
Creating a Brand Identity for Wealth ManagementChappy_02
This document provides an overview of Constellation Wealth Advisors, a financial advisory firm that specializes in advising celebrities and athletes. It discusses the challenges athletes face with finances, common mistakes made, and how CWA aims to help clients build sustainable wealth through personalized strategies, sound investments, and comprehensive financial planning and advisory services. The goal is to help clients maximize earnings potential during their careers and maintain financial stability after retirement from sports.
John and Betty Smith, aged 60 and 58 respectively, have 4 children and 9 grandchildren. They recently sold their business and are looking to retire. They have $6 million in total assets including $5 million in investments. Their annual expenses total $280,000. They want to ensure a financially secure retirement while funding their grandchildren's education and other goals. A proposed asset allocation of 60% stocks and 40% bonds is projected to meet their needs with an 8.3% expected annual return.
Fixed income and endowment portfolio managementgooseinoz
This document provides an overview and agenda for a presentation on fixed income and endowment portfolio management. It discusses the role of bonds in a portfolio, focusing on providing defense, liquidity and yield. It notes that bond returns have diminished with low yields. It then explores alternative credit strategies like direct lending, asset-based lending and collateralized loan obligations (CLOs) as higher returning alternatives. CLOs in particular are discussed, showing their historical returns have been higher than bonds.
Hilltop decorrelated fund september 2013 factsheetJohn Robertson
The Hilltop Decorrelated Fund enjoyed strong returns in September of 1.3%. Fifteen of the underlying managers were positive and three were negative. Two new strategies were added that demonstrate compelling opportunities and ability to deliver non-correlated returns. The portfolio review is nearly complete and may lead to two or three further changes. The fund targets consistent, low volatility returns with limited drawdowns through a multi-manager approach investing in strategies across global markets.
The document outlines 3 secrets of how wealthy people create and preserve wealth through real estate investments. Secret #1 is that wealthy people take control of their finances rather than relying on banks and financial advisors. Secret #2 is that real estate offers greater returns than other investments due to leverage and cash flow. Secret #3 is that wealthy people understand risk versus reward and are willing to take on more risk for higher potential returns rather than focusing solely on guaranteed safety. The document promotes a real estate investment seminar and fund.
The document outlines an agenda for a seminar on increasing and preserving wealth. The agenda includes introductions, four strategies to increase wealth presented by Susan Hill, a Q&A session, a coffee break, four ways to preserve wealth presented by Nicholas Turner, six ways retirees ruin their finances presented by Nick and Susie, and another Q&A session followed by a lunch reservation. Susan Hill will discuss knowing your objectives, appetite for risk, efficient frontiers, and being tax efficient. Nicholas Turner will discuss preserving wealth.
This document discusses the planned giving program of Episcopal Senior Communities. It provides details on its 6 continuing care retirement communities and affordable housing programs serving over 11,000 seniors. The Episcopal Senior Communities Foundation was created in 2002 to raise funds and its annual income has grown to over $7 million from outright gifts, gift annuity contracts, and charitable remainder trusts. The document outlines the foundation's strategies for managing risks associated with gift vehicles, ensuring legal and regulatory compliance, and protecting the interests of donors.
We'll admit it upfront: Municipal bonds are not as sexy as common stock in biotech firms or airlines. Compared to many stocks' speedboat nature -- hopping across the choppy surface, sending ripples far and wide -- many have glided like sailboats on relatively calm waters, though not all have performed well. For this reason, among others, they play an important role in any serious investor's portfolio.
Présentation du Prof Pierre-Majorique Léger et Prof Sylvain Sénécal, co-directeurs du Tech3Lab, lors de la la conférence du 12 novembre 2015 à HEC Montréal dans le cadre de la Journée Mondiale de l'Utilisabilité de HEC Montréal #engageUX
Présentation du Prof Eric Brangier (Université de Lorraine), lors de la conférence du 12 novembre 2015 à HEC Montréal dans le cadre de la Journée Mondiale de l'Utilisabilité #engageUX
Utiliser les reseaux sociaux pour son entrepriseEditoile
Comment utiliser les réseaux sociaux, notamment Facebook, pour son entreprise ? Quels objectifs viser ? Quel retour sur investissement en attendre ? Quelle ligne éditoriale suivre ? Comment développer une communauté de fans engagée ?
Une présentation réalisée par Gabrielle Denis, directrice d'Editoile, à la CCI (Chambre de Commerce et d'Industrie) de Libourne lors de la Faites de la création d'entreprise en novembre 2015.
Pour en savoir plus sur Editoile : http://editoile.fr/
Dubai has transformed from a small fishing and pearl trading village in the 19th century to a major global financial hub through diversifying its economy away from oil into industries like trade, tourism, and real estate. It has pursued an ambitious growth strategy and economic freedom but faced challenges from oversupply and debt during the financial crisis that required a bailout. It aims to further develop as a trade, finance, and tourism center connecting Asia, Africa and Europe.
- Waddell & Reed Financial Inc. is a publicly traded investment management company with $1.5 billion in market capitalization and 84.7 million shares outstanding.
- They provide investment management services through distinct distribution channels serving retail, wholesale, and institutional clients. They have a dedicated network of over 2,000 financial advisors and a comprehensive family of mutual funds.
- As of Q1 2009, they have $47.6 billion in total assets under management, with 83% in equity funds and 13% in fixed income funds.
The most successful property management professionals are effectively using investment cash flow analysis to better manage the growth of their business. Leonard Baron, real estate professor and writer for Zillow, will break it down and share his straightforward rental property cash flow metrics so your business can become a cash cow.
Sources of Financing Capital to Fund a Growing BusinessSSDlaw
This webinar discusses sources of financing and capital for growing businesses. It begins with introductions from presenters Cliff Bishop and John Glankler. They then cover topics like sources of financing including debt, equity, and mezzanine options; M&A trends; and corporate liquidity and private equity dry powder that could fuel M&A activity. Due diligence is emphasized as increasingly important when seeking capital. The webinar concludes with thanks and instructions to access additional materials.
Opportunity Development Co-ops direct local capital back into communities and simplifies and reduces the cost of investing. Examples of potential products include: purchase of a business that is being closed due to retirement of the owner; conversion of a vacant building into a business incubator or commercial hub; or building a seniors facility.
The strategic objectives of microfinance are to eradicate poverty and hunger by providing financial inclusion services like microcredit, savings, insurance and remittances. This allows clients to start businesses and recover from disasters, invest in assets and smooth consumption. Microfinance targets the poor and economically active poor by helping them create wealth and raise income.
Urban Capital Partners is launching the UCP Rescue Capital Fund I to invest in commercial real estate facing maturing CMBS debt between 2014-2017. The $2 million fund will target office and multifamily properties in Southeast and Mid-Atlantic markets needing capital restructuring or asset repositioning to generate returns above 20%. The general partner will seek 5 deals annually and co-invest 5% of the fund's equity to capitalize on abundant distressed assets facing maturing commercial mortgage backed securities loans.
This document provides an overview of venture capital. It discusses the size of the venture capital market in the US and Europe, how venture capital funds make money, the typical stages of investment and associated investment sizes, the types of support venture capital firms can provide, case studies of Index Ventures' involvement, typical deal terms, strategies for identifying relevant venture capital partners, and key considerations when choosing a venture capital partner.
Index Ventures is a pan-European venture capital fund based in London and Geneva with over €1.3 billion under management that invests in web and internet companies. Venture capital market sizes in 2006 were $25.7 billion across 1446 deals in the US and €4.1 billion across 867 deals in Europe, with average investments of $10.5 million and €14 million respectively. Over half of all venture capital transactions are within the broad IT sector. Venture capital funds typically raise new funds every 2-4 years from institutional investors and invest the money over 3-5 years, with the goal of a small number of investments returning large profits to compensate for losses on other investments.
A comparison of the Private Wealth Management Industry in Canada and SingaporeAnkit Balyan MBA, B.Tech.
This document summarizes an international study trip for private wealth management in Canada and Singapore. It discusses the high net worth individual client base, regulatory environments, and investment trends in both countries. Key points covered include differences in the wealth distribution and sources of wealth between the two locations, as well as an analysis of each country's advantages and disadvantages for wealth management firms. The document also explores how cultural factors, taxation policies, and technological disruption are shaping the future of the private banking industry.
Asit C Mehta Investment Interrmediates brings to you the reasons to save your money. Save for a better & secure future. “Getting Rich is not a function of investing a lot of money; it is a result of investing regularly for long periods of time.”
- Streakk provides a platform to earn passive income from cryptocurrency holdings without giving up custody of funds.
- It integrates reputable validators from multiple blockchains into a single wallet, automatically delegating crypto to the validators providing the highest rewards.
- Users can earn rewards on their crypto holdings by utilizing Streakk's "Integrated Node Cluster" technology without any lockups, technical knowledge, or minimum amounts. Rewards can be earned on over 20 blockchains including BTC, ETH, ADA and more.
World Financial Group provides financial services and products to help people achieve better financial futures. It uses a hybrid business model that rewards associates for both sales production and leadership in developing other associates. The opportunity allows associates to earn income through their own sales, overrides on other associates' sales, and residuals. World Financial Group focuses on serving middle-income individuals and families and provides training and support to help associates be successful.
Greenfield Seitz Capital Management is a registered investment advisor located in Dallas, Texas that manages over $205 million in assets. The presentation provides an overview of the firm's investment strategy, process, performance and team. The firm aims to outperform the S&P 500 index over the long term through a fundamental, bottom-up stock selection process focused on quality companies trading at reasonable valuations. The strategy has achieved strong risk-adjusted returns and top quartile performance versus peers over multiple time periods.
Alternative Sources Of Funding For Creative Technology Businessgcecs2009
The document provides information about alternative sources of funding for creative technology businesses. It summarizes presentations from a panel on the topic, which included representatives from a venture capital firm, an arts organization, and an economic development organization. The panel discussed various sources of early-stage funding like angel investors, venture capital, and government grants. It also reviewed trends in venture capital investments and deals over recent years. The economic development organization representative described their organization's funding programs for seed and early-stage companies in Southeastern Pennsylvania.
Managing Abu Dhabi's $627 Billion Sovereign Wealth Fund (ADIA), Presentation ...Aaron Beydoun
Aaron-Micael Beydoun has estimated the depletion of Abu Dhabi's oil reserves in 93 years in a course on investment management at Harvard University. Managing the USD 620 Billion of the Emirate's sovereign wealth vis-à-vis the Abu Dhabi Investment Authority, ADIA, he has proposed the following: Although an optimization of financial assets has established the portfolio strategic asset allocation, this ignores that underlying commodity asset i.e. oil, that forms the majority of client’s implied existing portfolio. Since the oil that forms the bulk of implied national wealth is highly volatile, then traditional portfolio investment risk management that only includes invested financial assets may not properly account for total wealth risk. Therefore, so as to properly account for national wealth risk, we recommend a strategic asset allocation that broadens the asset base to include the non-monetized commodity asset i.e. oil so as to properly account for national wealth risk.
Building a Successful Money Management BusinessCale Smith
This document provides an overview of Cale Smith's presentation on building a successful money management business from the ground up. Cale is the founder of Islamorada Investment Management, a value investing firm with two funds. He discusses the stages of growing a one-man firm, focusing initially on putting up good numbers and serving investors. Cale also outlines his approach of creating "Spoke Funds", which are more transparent and affordable alternatives to traditional mutual funds and hedge funds. The presentation covers best practices and key tools for operations, compliance, marketing and growing assets in a sustainable way.
The document provides an overview of Bank of America's Global Corporate & Investment Banking division, including:
1) It combines the Global Business & Financial Services and Global Capital Markets & Investment Banking businesses.
2) For the first half of 2005, the combined business generated $10.2 billion in revenue.
3) The division aims to better serve clients through an integrated operating model and cross-selling opportunities across BofA.
This document summarizes a session on leadership in treasury and emerging markets. It discusses how emerging markets have grown significantly in recent decades and now represent around 11% of the global market cap. It also discusses challenges that treasury teams face when expanding into emerging markets. The document includes a case study of Stanley Black & Decker, a global manufacturing company that generates around 17% of its revenue from emerging markets. It discusses lessons learned from Stanley Black & Decker's experience in emerging markets, including the need to simplify existing operations, prepare for growth, and collaborate internally.
Similar to Forewarned is Forearmed: Raising Investment Fund Capital in the Middle East (20)
Cleades Robinson, a respected leader in Philadelphia's police force, is known for his diplomatic and tactful approach, fostering a strong community rapport.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
3. Proportion of UHNW Households (per 100,000) ¹
UAE 5
¹ UHNW households: more than US $100
Singapore 5 million in AuM
Denmark 5
Qatar 6
Norway 7
Austria 8
Kuwait 8
Hong Kong 9
Switzerland 10
Saudi Arabia 18
4. Proportion of Millionaire Households (%)
Belgium 3.1%
Israel 3.4%
Taiwan 3.5%
United States 4.5%
UAE 5.0%
Kuwait 8.5%
Hong Kong 8.7%
Qatar 8.9%
Switzerland 9.9%
Singapore 15.5%
5. And That’s Not All........
Wealth as AuM
Over US $500 billion
2009 – 10: US $4.5 trillion (+8.6%)
currently controlled by
2010 – 15: US $6.7 trillion (+49%) women
66% of Offshore Funds Private Wealth (GDP %)
in Dubai
Saudi Arabia 81% Kuwait 68%
Saudi Arabia + Turkey + Iran +
Kuwait + Russia Qatar 65% UAE 63%
7. Current GCC Household Investment Trends
Bonds • Very few managed
13% funds in household
portfolios
Cash and • Increased emphasis on
Regional Short Term wealth preservation
or Local Deposits rather than wealth
Equity creation → more real
Markets 56% estate, low yield
31% sovereign and
corporate bonds
8. CONCLUSION
Financial crisis
Increased risk aversion
Extremely difficult to raise investment
capital in the MENA region
10. Global financial circumstances are only partly to blame
Raising capital in the Middle East has always been difficult
Lack of cultural awareness → ineffective capital raising strategies have
barely changed
Failure to adapt to - or even understand - regional business customs &
practices continues to be a major obstacle
11. “It’s The Culture, Stupid”
Culture is more often a source of
conflict than of synergy. Cultural
differences are a nuisance at best
and often a disaster.
Prof. Geert Hofstede, Emeritus
Professor, Maastricht
University, Netherlands
12. Qataris unmoved by
wealth managers
Many fund managers are coming to the realization
that tapping into surging wealth in Qatar and the
rest of the Gulf region would not happen
overnight, and could require investment in
offices, branding and marketing for years or
even decades
13. No honey, no money: Wealth
managers learn the regional
ropes
Investment managers must go beyond facts and
learn to woo potential clients in the region
through good reputation and genuine
human connection
15. “Know Your Customer”
High Collectivist
High Power High
Distance Context
“Polychronic”
16. General Cultural Determinants
High Collectivist
• Strong emphasis on family, tribe and country
• Critical values include honour, face, trust and hospitality
High Power Distance
• Extremely bureaucratic
• Numerous power brokers and decision-making layers
High Context
• Collectivism, status and the need to save face is paramount
• Aided by complex communication “system” that are more implicit than explicit
“Polychronic”
• Complex management of time that is largely relationship-driven
• Timing and diplomacy supersedes the need for urgency
18. Business Success Factors
“Business is personal”
• Long distance relationships rarely work
• Building personal relationships with investor(s) is key
• Cold calls do not work; referrals or references are a must
• Building a beneficial relationship: 8 – 48 months
• The Spoken Word
• Contact with potential client → excessive amount of pleasantries and small talk
• Middle Eastern cultures place a premium on trustworthiness and “getting to
know you”
• Contracts are more like codified MoUs that underpin a trusting relationship.
Focus on the relationship rather than just the contract!!
19. Business Success Factors
The Decision-Makers
• Most of the power to make decisions lies in the hands of a very select group of
individuals
• Delegation of power is based more on loyalty than efficiency or competence
• The number of decision-makers will almost certainly hamper the negotiation
process
• Build relationships with everyone to varying degrees; from “pencil pushers” to
the top
• Do you really know who is making the final decision?
21. The “Permanent Presence” Strategy
Funds (ring fenced) $2 million +
Salaries + allowances $80K+ pm
Office rent $10K+ pm
Legal fees $10K+
Duration 8 months
Total $2.4 million +
Licensed, regulated presence Time, effort and money
Regulatory / licensing hurdles
Still no network of investors
22. The “Placement Agent” Strategy
Retainer Negotiable
% of underlying fees Negotiable
Office rent None
Legal fees None
Duration Variable
Total Dependent
on success
Low cost, local representation Historically ineffective
No indication if demand exists
Chances for misrepresentation
23. The “Trusted Representative” Strategy
Yearly travel costs $4,000
Hotel costs $8,000
Entertainment $10,000
Transportation $2,000
Duration “on-site” 20 days
Total $24,000
Active representation Historically ineffective
Limited networking chances
Small number of funds
Poor investor perception
Not local
24. The “Investor Guide” Strategy
Fees per quarter $10K +
Yearly travel costs $4,000
Hotel costs $8,000
Entertainment $10,000
Transportation $2,000
Duration “on-site” 20 days
Total $64,000 +
Relatively effective Are the meetings worthwhile?
Relatively good cost / benefit Guides not licensed
Local No definable track record
Limited or no “follow up”
High average daily cost
26. You Get The Meeting !!
How long will this take?
Decision
Third level meeting
3 – 6 months
Second level meeting(s)
1 – 3 months
First level meeting(s)
1 – 4 weeks
28. Conclusion: The Ideal Strategy
Middle Eastern culture – even in business – is significantly different to
Western business culture, so adapt to it
Establish a permanent presence in your market and use it to build
relationships
Accept that it will take time and effort to make decent progress
Adapt to Arab cultural norms
Understand your client
One success may quickly lead to others once financial and personal
trustworthiness has been established