| American International Group at UBS Asset Gathering Conference - Final
ANDREW KLIGERMAN, ANALYST, UBS: So we have with us today Mr. Win Neuger. He is the Chairman and Chief Executive Officer of AIG Global Investment Group, and he is also the Executive Vice President and Chief Investment Officer of AIG. What's so interesting is he is here to talk to you about AIG's broad ranging third party investment operation which I think he will focus a lot on today, and he could also talk about the worldwide general account investment portfolio. He has been in the business since 1973, and he has been the CIO of AIG since 1995. It is a pleasure to have Win here, and on that note, we'll let him get started. WIN NEUGER, EVP, CIO, AMERICAN INTERNATIONAL GROUP: Thank you, Andrew. I am actually delighted to be here with so many by side analysts and portfolio managers since that's what I have done all my life it at least feels like a friendly crowd, and I appreciate that opportunity, so I am going to talk today about what is the newest and one of the fastest-growing and probably the least followed segments of AIG's income statement.
Jeddah Show Affirms Booming Real Estate
(MENAFN - Arab News) Real estate investments in the Kingdom have been witnessing a healthy revival in the past five years, which is mainly attributed to the return of capital as well as the soaring oil prices and increase in oil revenues.
The recently introduced regulatory framework covering investment laws for GCC nationals also made freehold investment in the Kingdom highly attractive.
Professionals in the Saudi real estate market affirm that the capital invested in this sector runs into billions of riyals and will likely go up in the light of phenomenal growth and development the sector is witnessing. The reasons behind such optimistic forecasts are varied, but foremost among them is the unprecedented support of the government for its nationals to build their own houses and apartments.
MFC Global Investment Management (US) Names Lynne H. Johnson to ...
BOSTON, March 26 /PRNewswire-FirstCall/ -- MFC Global Investment Management (U.S.) said that it has named Lynne H. Johnson as managing director and head of client services. Ms. Johnson, who reports to John T. Litzow, Senior Vice President, Institutional Investments and Services, joined the company on March 19. "We're delighted to fill this critical role in client service with someone of Lynne's caliber and experience, as we continue to expand the distribution of our equity and fixed income strategies to a broad range of institutional investors in the United States," said Mr. Litzow. He added that the 10-person Institutional Investments and Services team will be hiring additional members in the marketing, client relationship, sales and administration areas. Ms.
National Investment Managers Inc. Reports Record Financial Results
NEW YORK--(BUSINESS WIRE)--National Investment Managers Inc. (OTC BB: NIVM), a nationally-based and regionally-operated retirement plan administration and investment management company, announced its financial results for the year ended December 31, 2006. Financial highlights for full year 2006 include: Revenues of $22.9 million compared with revenues of $4.8 million in 2005, an increase of 477% EBIDTA SBC reached $2.9 million in 2006 up from ($325 thousand) in 2005. NIVM had positive EBITDA from all field operations. NIVM was cash flow positive for the year. NIVM had $7 Billion in Assets under Administration, and $350 Million in Assets under Management at year-end 2006 compared to $5 Billion in Assets under Administration, and $220 Million in Assets under Management at year-end 2005.
Money Flows Into Funds at Record Levels
Investors added some $110 billion to stock and bond mutual funds in the opening two months of 2007, a record for any January-February period, investment researcher Strategic Insight reported yesterday. "Even though stock prices have been very volatile [since mid-February], the numbers show that we're probably going to need to see a lot greater decline in stocks before investment sentiment turns significantly lower," said Avi Nachmany, the firm's research director. For example, the Fidelity Spartan 500 Index Fund, which tracks the blue-chip Standard & Poor's 500-stock benchmark, is down slightly this year so far. But U.S. large-cap stock funds aren't ... .
Global 1 Provides Investors Update and Organization Plans
ATLANTA--(BUSINESS WIRE)--Global 1 Investment Holdings Corp. (OTCBB: GOIHE), www.global1inc.com, we are in the process of completing our annual audit and will have the audit completed shortly. We have changed the certifying auditor and there was a slight delay in completing the audit. We will implement the business plan in stages over the next several months with the goal to have complete implementation during 2007. Organizational Plans for 2007: Once we complete the audit we will move rapidly to implement new financing plans and initiate the business plan we have previously announced. We have developed a financing mechanism that will allow us to raise capital rapidly any place in the world in any currency. Our internal investment banking team has developed a credit default arbitrage instrument that allows us to raise large amounts of capital with minimum risk in any currency without currency fluctuations.
OpenView Venture Partners and ABRT Venture Fund Announce ...
BOSTON, April 10 /PRNewswire/ -- OpenView Venture Partners of Boston, MA and ABRT Venture Fund of Moscow, Russia, today announced their new "Partnership for Russia" investment program. The goal of the joint effort is to identify and invest in the best software and information technology companies in Russia and East-Central Europe. This alliance is the formalization of a long-standing and highly successful working relationship between the founders of both firms, Scott Maxwell of OpenView Venture Partners (and formerly of Insight Venture Partners), and Ratmir Timashev and Andrei Baronov of ABRT Venture Fund. Joint successes include Aelita Software (sold to Quest Software in 2004 for $115 million), Acronis, and Quintura, among others, totaling over $30 million in investments. "We are delighted to have ABRT as our primary co-investor in Russia and East-Central Europe.
Weak judiciary, law & order, sleaze hurdles to investment: US report
ISLAMABAD: Businesses operating in Pakistan have repeatedly called for strengthening law and order. Corruption and a weak judicial system remain recurrent and substantial disincentives to investment and the contract enforcement can be difficult for the US and other foreign investors in Pakistan.
Market leaders in the cement and sugar industries are alleged to have formed cartels. In late 2004, the United States and Pakistan launched negotiations on a Bilateral Investment Treaty (BIT), which would provide US investors in Pakistan with significant legal protections. While negotiations continue, differences persist on issues of importance to the United States.
This has been highlighted in the National Trade Estimate 2007 report released by the United States Trade Representative office this week, which details significant barriers to US trade and investment and the broad array of US actions to reduce and eliminate those barriers.
BTB Real Estate Investment Trust Announces the Closing of the ...
MONTREAL, QUEBEC--(CCNMatthews - April 10, 2007) - The trustees of BTB Real Estate Investment Trust (TSX VENTURE:BTB.UN) ("BTB") are proud to announce today the closing of the acquisition of two commercial properties, which are located in Montreal and in Laval, province of Quebec. At the conclusion of the due diligence process, BTB was pleased to find that the revenue stream had slightly increased on both properties. With the signing of these two properties, BTB has now closed on over $49M worth of properties and as previously announced is still in the due diligence process for approximately $167M.
1400-1440 Antonio-Barbeau Street in Montreal, Quebec
A stone's throw away from the "Marche Central" in the heart of the island of Montreal, this is an 80,462 square feet converted industrial building which management believes could significantly increase in value by continuing the conversion into office space.
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