Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 321

Posts Tagged ‘fund’

Citi Enhances Fund Services with Hedged Share Class Analytics

Posted by fidest press agency su venerdì, 8 novembre 2019

Citi has launched a new analytics framework and data visualisation tool that measures the performance of a currency hedged share class versus the performance of the base currency share class, and attributes any deviation in performance to its various sources. The performance attribution tool is the latest enhancement to Citi’s passive currency overlay services and can be accessed via Citi Velocity, the firm’s online client portal.Citi share class hedging services are available for funds, which have share classes in currencies other than the fund’s base currency, to support international distribution. The objective of share class hedging is to mitigate investors’ exposure to foreign currency risk, at a time when fund managers are increasingly looking to their currency overlay providers for help in analysing performance.“We are excited to deliver this level of analysis and transparency to our custody clients,” said Sanjiv Sawhney, Global Head of Custody and Fund Services at Citi. “In order to better serve their international end-investors and achieve their growth objectives, our need a global partner that can help them manage currency risk, and also help them understand and explain the factors driving deviations in performance.” Citi’s share class performance attribution tool is based on proprietary analytics that can identify the sources of performance deviation from foreign currency hedging. The tool analyses a variety of factors that can impact the performance of the hedged share class, relative to the unhedged share class.“Citi is continuously looking for ways to empower our clients through the aggregation, analysis and visualization of data.” said Krista Deitemeyer, Global Head of Custody FX at Citi. “This share class performance analytics and reporting tool brings to bear our expertise across CitiFX Quantitative Investor Solutions and Citi Custody and Fund Services.” With over $22.3 trillion of assets under custody and administration1 and the industry-leading proprietary network spanning over 60 markets, Citi’s Custody and Funds Services business provides clients with in-depth local market expertise, advanced processing technologies and a wide range of fund services that can be tailored to meet clients’ needs.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

SYZ AM premiata Fund of hedge funds specialist

Posted by fidest press agency su venerdì, 21 giugno 2019

Geneva. SYZ Asset Management, the institutional asset management arm of SYZ Group, has won the ‘Fund of hedge funds – specialist’ award for its uncorrelated strategy at the HFM European Hedge Fund Performance Awards 2019, held on 6 June in London.
The award recognises the alternatives team as one of the leading specialists in the hedge fund industry. In a very competitive space, this uncorrelated strategy stood out for its ability to deliver significant risk-adjusted performance in challenging markets.
The awards’ ceremony held on 6 June in London recognised the full breadth of the hedge funds industry across 47 categories. The entries were judged on both qualitative and quantitative factors. Our alternative uncorrelated strategy, won ‘Fund of hedge funds – specialist’ over seven peers.Commenting on the win, Cédric Vuignier, lead portfolio manager of the fund at SYZ Asset Management, said: “We are delighted to have been selected as the winner of this award, which underscores the performance of the fund and is a testament to the alternatives team’s expertise in navigating investors through very challenging markets. As directionality shows signs of slowing and alternatives take on a more important role in many clients’ investment portfolios, we are constantly striving at SYZ to deliver innovative investment solutions that generate risk-adjusted returns across the business cycle for our clients”.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

MidOcean Fund III Exits Freshpet

Posted by fidest press agency su mercoledì, 12 giugno 2019

MidOcean Partners (“MidOcean”), a premier U.S. middle market private equity firm focused on the business services and consumer sectors, announced today a complete exit of its remaining investment in Freshpet. Freshpet is the leading manufacturer and marketer of fresh, refrigerated foods for dogs and cats. Freshpet distributes these products through a network of proprietary Freshpet branded refrigeration units installed in store aisles.
MidOcean initially invested in Freshpet in 2010, when the MidOcean consumer team identified Freshpet as a “category changer”, introducing “fresh” pet food as a new concept succeeding dry and canned products, and an opportunity for outsized growth. Throughout its ownership, MidOcean provided support in building a new state-of-the-art manufacturing plant to meaningfully expand production, and drove significant investments in new product launches, branding, and marketing, including targeting media spending across TV, digital and social media channels to build awareness and drive product trial.MidOcean’s investment in Freshpet was consistent with its strategy of identifying unique investment themes and leveraging its talented operating resources to recognize and acquire attractive investment opportunities on behalf of LPs.“We are thrilled with the outcome of our investment in Freshpet,” commented Jonathan Marlow, Managing Director of MidOcean. “After detailed analysis of the pet sector, Freshpet was identified early on as an excellent transformative growth opportunity that aligned well with MidOcean’s significant industry knowledge and overall strategy. We are proud to have helped drive the transformational growth and development of the company that Freshpet has become today. We’d like to thank the management team for their tremendous efforts and great partnership during our investment.”

Posted in Estero/world news | Contrassegnato da tag: , | Leave a Comment »

Principal Real Estate Income Fund

Posted by fidest press agency su domenica, 2 giugno 2019

The Principal Real Estate Income Fund (NYSE:PGZ) announces the sources of a distribution paid on May 31, 2019 of $0.11 per share to shareholders of record at the close of business on May 17, 2019, pursuant to the Fund’s managed distribution plan. This press release is issued as required by an exemptive order granted to the Fund by the U.S. Securities and Exchange Commission and includes the notice below sent to shareholders regarding the source of the distribution.
The following table sets forth the estimated amount of the sources of distribution for purposes of Section 19 of the Investment Company Act of 1940, as amended, and the related rules adopted thereunder. In accordance with generally accepted accounting principles (“GAAP”), the Fund estimates the following percentages, of the total distribution amount per share, attributable to (i) current and prior fiscal year net investment income, (ii) net realized short-term capital gain, (iii) net realized long-term capital gain and (iv) return of capital or other capital source as a percentage of the total distribution amount. These percentages are disclosed for the current distribution as well as the fiscal year-to-date cumulative distribution amount per share for the Fund.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Carbon Yield Fund Wins 2019 Kellogg-Morgan Stanley Sustainable Investing Challenge

Posted by fidest press agency su martedì, 16 aprile 2019

Morgan Stanley’s Institute for Sustainable Investing and Northwestern University’s Kellogg School of Management in the U.S. today announced that Carbon Yield Fund was named the winner of the 2019 Kellogg-Morgan Stanley Sustainable Investing Challenge. The team was one of 12 finalists competing in the Challenge at Morgan Stanley’s Hong Kong offices on Friday. The team proposed a solution to help reduce greenhouse gas emissions by increasing organic farming practices.The Carbon Yield Fund would provide loans to Midwestern farms in the United States that begin the organic certification process, then monetize emissions reductions associated with regenerative organic agriculture through an aggregated carbon offset program, documenting and marketing credits on behalf of the farmers. This additional revenue would help offset transition costs for farms and return capital to the fund’s investors.Now in its ninth year, the Kellogg-Morgan Stanley Sustainable Investing Challenge is an annual global competition designed to inspire future leaders to develop innovative financial vehicles to help address environmental, social and governance challenges. The 12 finalist teams were selected from 365 students, hailing from 50 countries. They represent 80 graduate schools and their projects targeted impact in 31 countries.The winning team consisted of Tom Fields, David Mallett, Claire Pluard and Sam Schiller from the United States.This year’s runner-up was the Grey to Green Fund, who proposed a solution to help reduce hotels’ water consumption throughout the United States. They designed a multi-asset fund that would act as a market aggregator for hotel greywater infrastructure.
The Challenge seeks to inspire the next generation of sustainable investing practitioners, connect emerging leaders with industry professionals, and foster greater emphasis on sustainable finance at graduate schools around the world. More information on this year’s finalists and winner can be found on Morgan Stanley’s website. You can also follow the conversation on social media with #SIChallenge.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Lazard Global Total Return and Income Fund Declares Monthly Distribution

Posted by fidest press agency su giovedì, 21 marzo 2019

The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE:LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.08879 per share on the Fund’s outstanding common stock. The distribution is payable on April 23, 2019 to shareholders of record on April 12, 2019. The ex-dividend date is April 11, 2019. Portfolio data as of February 28, 2019, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on The Fund’s investment objective is total return, consisting of capital appreciation and current income. The Fund’s net assets are invested in a portfolio of approximately 60 to 80 US and non-US equity securities, including American Depository Receipts, generally of companies with market capitalizations greater than $2 billion, and may include investments in emerging markets. The Fund also invests in emerging market currencies (primarily by entry into forward currency contracts), or instruments whose value is derived from the performance of an underlying emerging market currency, and also may invest in debt obligations, including government, government agency and corporate obligations and structured notes denominated in emerging market currencies.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

€200m fund for rural enterprise launched

Posted by fidest press agency su venerdì, 22 febbraio 2019

The ‘Agri-Business Capital Fund’, or ABC Fund, aims to raise €200 million (US$226 million) over the next decade, and will focus on attracting capital into rural enterprises, farmers’ organisations and smallholder groups, who often suffer from a lack of access to financing tools. The fund will work with financial institutions and directly with businesses to provide loans ranging from €20,000 to €800,000.“Smallholders and rural businesses are not getting the investment they need from the private sector,” Neven Mimica, the European Commissioner for International Cooperation and Development, said at the fund’s launch in Rome. “ABC Fund will help us address this gap, improve their access to capital and consequently the lives of 700,000 rural households.”The fund has already raised commitments worth €45 million from the EU and the ACP, €5 million from the European Union and and €4.5 million from AGRA. The fund will be based in Luxembourg, and its portfolio will be managed by two investment companies, Bamboo Capital Partners and Injaro Investments.
“Our African, Caribbean and Pacific members have great expectations of the ABC Fund,” Patrick Gomes, ACP Secretary General, said at the fund’s launch. “We look forward to having the Fund respond to specific needs in the three regions and supporting the implementation of our new approach to structurally transform the ACP agricultural sector. This fund, which aims to contribute to wealth and job creation, particularly for our youth, should significantly enable ACP countries to add value, extract higher rents from commodities, diversify and further integrate into global value chains.” (font:

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Centaur Total Return Fund (TILDX) Announces Advisor Transition

Posted by fidest press agency su martedì, 6 novembre 2018

The Board of Trustees of the Centaur Mutual Funds Trust has announced today an upcoming change to the investment advisor for the Centaur Total Return Fund (TILDX). The Board expects that on or around November 15, 2018, DCM Advisors, LLC, an investment advisory firm registered with the U.S. Securities and Exchange Commission and based in New York, NY, will assume the portfolio management responsibilities for the Fund. The Fund’s current Advisor, Centaur Capital Partners, will continue to manage the Fund’s portfolio until such time as DCM Advisors assumes the portfolio management role.Speaking on behalf of Centaur Capital Partners, portfolio manager Zeke Ashton provided the following comment: “Centaur Capital Partners would like to thank the Fund’s shareholders for entrusting us with their capital for the many years that we have been managing the Centaur Total Return Fund. We would also like to express our gratitude to the Board of Trustees and the Fund’s service providers for their support and assistance during the transition to a new advisor.” DCM Advisors acting CEO added: “We are very excited to be appointed the advisor to the Centaur Total Return Fund. We are deeply appreciative of the fine job Centaur Capital Partners has done on behalf of shareholders over the years and wish Zeke the very best in his future endeavors.”

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Lazard World Dividend & Income Fund Declares Monthly Distribution

Posted by fidest press agency su lunedì, 18 giugno 2018

The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the “Fund”) (NYSE:LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.07409 per share on the Fund’s outstanding common stock. The distribution is payable on July 23, 2018 to shareholders of record on July 12, 2018. The ex-dividend date is July 11, 2018. Portfolio data as of May 31, 2018, including performance, asset allocation, top 10 holdings, sector weightings, regional exposure, and other Fund characteristics have been posted on Lazard Asset Management’s (“LAM”) website, Additionally, any notices required by Section 19(a) of the Investment Company Act of 1940, as amended, which provide information regarding the respective estimated amounts of each monthly distribution derived from net investment income, net realized capital gains (short- and long-term) and return of capital, will also be available on Fund’s objective is total return through a combination of dividends, income, and capital appreciation. The Fund’s net assets are invested in a portfolio of approximately 60 to 90 world equity securities, consisting primarily of stocks selected from the current holdings of other accounts managed by LAM. The equity portfolio is broadly diversified in both developed and emerging market countries and across the capitalization spectrum. The Fund seeks enhanced income by investing in short duration (typically less than one year) emerging market forward currency contracts and other emerging market debt instruments.An indirect subsidiary of Lazard Ltd (NYSE: LAZ), LAM, the Fund’s investment manager, offers a range of equity, fixed-income, and alternative investment products worldwide. As of March 31, 2018, LAM and affiliated asset management companies in the Lazard Group managed $252 billion worth of client assets. For more information about LAM, please go to

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

The Alaska Permanent Fund Corporation

Posted by fidest press agency su sabato, 24 febbraio 2018

The Alaska Permanent Fund Corporation (“APFC”), the Public Institution for Social Security of Kuwait (“PIFSS”), RPMI Railpen (“Railpen”) and Wafra, a leading manager of private equity and alternative investments, today announced that they have established a new entity called Capital Constellation (“Constellation”). Constellation will provide catalytic investment capital to next generation private equity and alternatives managers and will be advised by Wafra. Combined, the founders will initially commit $700 million to the venture and Constellation is expected to deploy over $1.5 billion in the next five years.Constellation will bring together the expertise and capital base of three of the world’s premier institutional investors, spanning Europe, North America, and the Middle East. Constellation leverages Wafra’s existing capabilities to form partnerships with promising investment teams who demonstrate the investment and operational expertise required to generate strong investment performance and business growth.Constellation’s mission is to assist talented alternative investment managers in breaking through the challenges of initial fundraising, specifically by providing strategic and operational support and an aligned, substantial and long-term capital base. In return, Constellation’s unique structure is designed to generate consistent, long-term value for its members’ pensioners and citizens.
“We are thrilled to bring together three of the world’s premier institutional investors to establish Constellation,” said Russell Valdez, Senior Managing Director of Wafra and a founding Board member of Constellation. “We believe this innovative investment platform will be a key resource for investment managers as they launch and build the next generation of successful and enduring private equity, real estate and other alternative investment franchises.”“We are pleased to create a platform that leverages our shared competitive advantages of stability, long-term orientation, and scale. Constellation adds a unique source of value to our portfolio that will help us continue to deliver substantial and lasting value to the State of Alaska,” added Steve Moseley, Head of Private Equity and Special Opportunities at APFC and a founding Board member of Constellation.“Combining forces with leading institutional investors through Wafra will enable us to find future stars in the investment space. Looking for long-term partnerships should be a key to our success,” stated Meshal Al-Othman, Chief Investment Officer of PIFSS.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

Catella establishes fund manager Catella Residential Investment Management

Posted by fidest press agency su sabato, 18 novembre 2017

stoccolmaBirger jarlsgatan 6, Stockholm, 10240 Sverige. Since January 2016 Catella Real Estate AG built up a strong team of residential portfolio managers in Berlin, led by Xavier Jongen and Michael Keune. The team manages two mutual property funds and three special property funds. The total invested capital in the five funds amounts to EUR 1.3 billion and so far the funds have made investments in 8 countries in Europe; Germany, Netherlands, Denmark, Spain, France, UK, Poland and Austria.The decision to establish CRIM is another step in Catella’s ambition to build and develop strong and specialized competence centres that manage European residential real estate funds. The whole Berlin team in Catella Real Estate AG, consisting of 18 employees, has moved to CRIM to focus fully on further developing the residential fund management offering. Xavier Jongen and Michael Keune will be managing directors of CRIM. Catella Real Estate AG will continue managing the back office for all residential funds managed by CRIM.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Catella launches the first Swedish real estate fund listed on Nasdaq Stockholm

Posted by fidest press agency su sabato, 29 aprile 2017

Timo-NurminenCatella’s Property Investment Management unit is launching Property Income 2017, an alternative investment fund that will invest in investment properties with stable cash flows and high dividend capacity. The fund’s AIF manager is Plain Capital Asset Management Sverige AB, and the fund’s depositary is SEB. The listing on Nasdaq Stockholm is scheduled for the end of May. “Real estate values vary over time, while the cash flows of leased properties are stable. The fund’s strategy is therefore to own property over an extended period, to maintain rigorous cost control and to regularly distribute a large proportion of its income. This means that stable cash flow will be the dominant part of the total returns, thus creating security,” says Timo Nurminen, Head of Property Investment Management at Catella
Employees from Catella’s Property Investment Management unit will be included on the investment committee at the AIF manager that evaluates the fund’s investments. Investment decisions will be taken by the AIF manager. The fund’s board consists of its chairman, Timo Nurminen from Catella’s Property Investment Management unit, plus two independent members, Christer Wachtmeister and Henrik Steinbrecher.“The Property Income fund is breaking new ground and will be the first alternative investment fund focused on the Swedish real estate market to be listed on Nasdaq Stockholm’s new AIF list. The fund’s investment strategy is also well suited to the current market, with a high valuation on the stock market and low interest rates on bonds,” says Arvid Lindqvist, Head of Research at Catella.The first investment that will be evaluated by the fund is a portfolio of defensive retail property, tenanted primarily by food stores such as ICA, Coop and Hemköp, and by Systembolaget liquor stores.“This type of real estate has strong cash flows and thus stable and good dividend capacity for its owners. It is also a segment that has seen institutional focus in recent years, and the fund is now also giving smaller institutions and other investors an opportunity for exposure to defensive retail property,” says Martin Malhotra, Project Manager at Catella’s Corporate Finance unit.The life of the fund is planned to be 10 years. The fund has a cost-effective structure and aims to pay dividends from July 2018 corresponding to 6–8 percent per year, with these distributions planned to take place quarterly. The fund’s total return target is 9–11 percent per year. For more information please go to, where the prospectus and other information are available. (photo: Timo-Nurminen)

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

Catella Nordic Long Short Equity named best fund by The Hedge Fund Journal

Posted by fidest press agency su venerdì, 31 marzo 2017

London. london-centralCatella Nordic Long Short Equity was yesterday evening named the “Best performing fund over a 2 year period” at The Hedge Fund Journal Awards in London.
“We are delighted that Catella Nordic Long Short Equity has won this award against tough competition. Our overall aim is to generate excess returns for our unitholders through a clear focus and excellent fundamental knowledge of the Nordic markets. The accolade is proof that we have succeeded in creating added value in the market,” says Erik Kjellgren, who heads Catella’s Swedish fund operations.“We are humbled and grateful to receive this award. Our objective for the fund is to generate attractive risk-adjusted absolute returns, regardless of market conditions, through good stock selection and sound risk management. The success of the fund management during the period stems from going long in cyclicals on the basis of our fundamental analysis, which at the time were very attractively valued. We also shorted overpriced quality companies, a positioning that benefitted the performance of the fund as well,” say the fund’s managers Martin Nilsson and Ola Mårtensson.Since 2004, The Hedge Fund Journal has conducted in-depth analysis spanning the entire spectrum of hedge fund strategies. Each year, The Hedge Fund Journal Awards nominate European fund managers that have stood out and have achieved good risk-adjusted absolute returns in a number of categories.
Catella Nordic Long Short Equity is an alternative absolute return equity fund with a Nordic focus that has the potential to perform in both rising and falling markets. The fund has a lower level of risk than the stock market and should deliver competitive risk-adjusted returns. It is managed by Martin Nilsson and Ola Mårtensson, who create a relatively concentrated portfolio of held and short positions in the Nordic region. The risk level of the fund is balanced with the help of derivatives.

Posted in Estero/world news, Recensioni/Reviews | Contrassegnato da tag: , , , | Leave a Comment »

World Bank supports FYR Macedonia in strengthening its competitiveness

Posted by fidest press agency su sabato, 15 marzo 2014

macedoniaWASHINGTON. The World Bank’s Board of Executive Directors today approved the Second Programmatic Competitiveness Development Policy Loan (DPL2) of EUR 36.4 million (US$50 million equivalent) for FYR Macedonia. This operation aims to strengthen the competitiveness of FYR Macedonia’s economy by supporting investment and upgrading technology in the manufacturing, agribusiness, and trade logistics sectors, and creating the conditions to increase labor market flexibility and innovation capacity.“Improving competitiveness and the conditions for local businesses to thrive is necessary in order to put FYR Macedonia on a sustainable growth path, create more and better jobs, and promote shared prosperity,” says Tatiana Proskuryakova, World Bank Country Manager for FYR Macedonia.Building on the results of the First Programmatic Competitiveness DPL of 2012, the reforms under DPL2 will stimulate investment and innovation in key export-oriented sectors that have the potential to boost long-term growth and job creation in an increasingly competitive global economy.
The actions taken under the DPL2 will increase the sustainability and impact of the government’s Technological Industrial Development Zones (TIDZ) program – an important tool to attract foreign investment in value-adding and export-oriented manufacturing.In addition, new exporter support programs are helping to advance the upgrading of industries with high export potential. In the agribusiness sector, the launch of a program for the sale of state-owned agricultural land will lead to a better use of land resources, higher productivity, and market entry by new foreign and domestic firms. In the area of trade logistics, comprehensive improvements in the risk-based approach to customs controls and technical inspections in line with EU best practices will improve the efficiency of the controls on the trade of goods.In parallel to these sector-specific policies, legal reforms were introduced to facilitate seasonal employment and to allow part-time workers to stay on social assistance registry, which will improve the incentives for formal work and address rigidities in labor market regulations.And finally, a “Fund for Innovation and Technological Development” is being established to nurture private sector innovation through matching grants and other financial instruments.“Raising long-term economic growth requires that the government tackle binding structural constraints in major economic sectors,” says John Gabriel Goddard, Senior Economistin the World Bank’s Finance and Private Sector Development Department in the Europe and Central Asia (ECA) region and Team Leader of the Project. “Future growth in export-oriented manufacturing will depend on attracting investment in high value-added segments and faster integration into global supply chains.The reforms that have been introduced under the DPL2 will further this objective. The reforms also facilitate restructuring of the agribusiness sector, improve the efficiency of trade logistics, and foster labor market flexibility and innovation capacity.”Reform implementation under the DPL2 will benefit from technical assistance provided by a three-year “Competitive Industries and Innovation Support Program” in Macedonia, which is supported by a US$1.6 million grant from a Multi-donor Trust Fund funded by the Governments of Austria, Switzerland, and the European Commission.In view of the upcoming presidential and parliamentary elections in FYR Macedonia, it has been agreed with the Government that the Loan Agreement will be signed and the proceeds of the loan will be disbursed after the completion of the electoral process in the country.

Posted in Uncategorized | Contrassegnato da tag: , , , | Leave a Comment »

USD 2-4 Billion Russia-China Investment Fund to Be Created by Late June 2012

Posted by fidest press agency su mercoledì, 2 Mag 2012

Rosneft petrol station, Moscow

Rosneft petrol station, Moscow (Photo credit: Wikipedia)

Moscow, (PRNewswire) During a meeting held today as part of the China-Russia Investment and Trade Forum, First Deputy Prime Minister of Russia Igor Shuvalov and Executive Vice-Premier of the State Council of China Li Keqiang announced the dates to create the Russia-China Investment Fund and outlined the sectors earmarked for the first investments.Mr Dmitriev also outlined industries to receive the first investments: these will include engineering, agriculture, forest and timber industries, transportation, and logistics. “Special attention will be given to energy efficiency and energy saving projects”, he added. “Up to 70 per cent of the Fund’s capital will be invested in businesses and projects across Russia and other CIS countries, and the remaining 30 per cent will focus on Chinese businesses and projects with Russian involvement. The Russian economy might see hundreds of millions of dollars in joint investments from Russia and China as early as the end of 2012.”
RDIF executives and China Investment Corporation also met today to hold talks led by CIC Chairman and CEO Lou Jiwei.To manage the Fund, a Management Company is currently being established, with the RDIF and CIC as the founders controlling 60 and 40 per cent of the equity, respectively. The RDIF will nominate most of the key executives for the Management Company while also supervising the activities to search, select, analyse and evaluate investment projects appealing for the Fund.
The Russian Direct Investment Fund is committed to enhancing and expanding ties between Russia and China. In late 2011, the RDIF and China Investment Corporation signed a memorandum to establish the Russia-China Investment Fund (the “Fund”) at a meeting between prime ministers of Russia and China. Focused predominantly on investments within Russia, the Fund aims to invest in projects and companies involved in economic collaboration between Russia and China, helping to further promote it.The RDIF has built strong ties with CIC, offering investment opportunities for the Chinese fund to consider on a regular basis and meeting with executives and shareholders of target companies to discuss potential projects. The RDIF and CIC are also working together to evaluate the investment appeal of a number of projects.The Fund will have a target capital of up to USD 4 billion, with USD 1 billion coming from the RDIF and CIC each and up to USD 2 billion expected to be raised from other China-based institutional investors.
Russian Direct Investment Fund (RDIF) was established in June 2011. The RDIF will be capitalized with USD 10 billion in Russian government funds over the next five years and is charged with making equity investments that generate strong returns, primarily in Russia. In each investment it makes, the RDIF is required to secure co-investment that at minimum matches its commitment, thus acting as a catalyst for direct investment into the Russian economy.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

The European Social Fund

Posted by fidest press agency su venerdì, 24 settembre 2010

In response to the economic crisis, the ESF is helping 10 million Europeans a year to overcome obstacles and get their lives back on track. It invests €10 billion annually in projects that enable individuals to train in a new skill, find a better job, set up a business, and much more. The ESF was launched over 50 years ago, and since then it has expanded to meet the changing needs of Europe’s population. From just 1% of the EU budget in 1970, it now accounts for 10%. Between 2007 and 2013, some €75 billion is being invested. ESF projects help people in every situation you can imagine: coping with disability or finding childcare, launching a company or making the move from school to work, dealing with redundancy, integrating into a new community or finding a job as they get older. All the projects are designed and run by partner organisations such as educational institutions, voluntary bodies or trade unions, who are familiar with local and regional needs.
What we can offer you A wide range of videos, interviews and photos are ready for your use. They include 11 VNRs in 23 languages (6’35secs) on the ESF in action.

Posted in Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »

John Baldessari: Pure Beauty

Posted by fidest press agency su lunedì, 28 giugno 2010

Los Angeles County Museum of Art (LACMA) 5905 Wilshire Blvd John Baldessari on view until September 12, 2010). The Los Angeles County Museum of Art (LACMA) presents John Baldessari: Pure Beauty, the most extensive retrospective to date of Los Angeles-based artist John Baldessari (b. 1931). Organized by LACMA in association with Tate Modern, the exhibition will bring together more than 150 works and examine the principal concerns of Baldessari, who is widely regarded as one of the most important artists working today. This exhibition was organized by the Los Angeles County Museum of Art in association with Tate Modern, London. Additional support for the Los Angeles presentation was provided by LACMA’s Wallis Annenberg Director’s Endowment Fund and the Jamie and Steve Tisch Foundation Inc. The exhibition is supported by an indemnity from the Federal Council on the Arts and the Humanities. In-kind media support was provided by KCRW. e-flux corp. 41 Essex street New York, NY 10002, USA Contact us:

Posted in Estero/world news, Mostre - Spettacoli/Exhibitions – Theatre | Contrassegnato da tag: , , , | Leave a Comment »

Fund and joint venture investment

Posted by fidest press agency su lunedì, 28 settembre 2009

Dallas. Behringer Harvard announced today the appointment of Mr. Dawoud Salman Al-ani as Managing Director, Middle East Investment Relations – Real Estate. Mr. Al-ani will assist sovereign wealth funds, institutional and semi- institutional companies, and select individuals located in the Arab Gulf with their advisory needs and the creation of single-account, co-mingled fund and joint venture investment structures. Mr. Al-ani has Middle Eastern business and family relationships that span the greater part of the Arab Gulf world. His father, Dr. Salman H. Al-ani, is a professor of Arabic linguistics and phonetics at Indiana University and a world-renowned scholar who frequently visits the Arab Gulf region as a guest lecturer. Prior to joining Behringer Harvard, Mr. Dawoud Salman Al-ani was the Managing Director for Real Estate Capital Associates, LLC from 2002 to May 2009. From 2001 to 2002, he was the Managing Director of Middle East Investment Relations for AMLI Residential Properties Trust. From 1998 to 2000, Mr. Al-ani was a Vice President and Senior Relationship Manager for KeyBank. As the owner of DSA Real Estate and Business Financing from 1991 through 1998, Mr. Al-ani provided real estate-related services to a group of specialty physician investors. Mr. Al-ani is a licensed real estate broker in the state of Indiana, and a member of the National Association of Realtors. He obtained his Bachelor of Arts degree in economics from Indiana University, with a focus in real estate and finance and a minor in Arabic. Mr. Al-ani also has guest lectured for the Benecki Center for Real Estate Studies at the Indiana University Kelley School of Business.
Behringer Harvard is a commercial real estate company investing in assets domestically and internationally. The company creates and manages strategic real estate fund opportunities across a wide spectrum of investment styles for retail investors, as well as domestic and international institutions, through its real estate investment trusts, partnerships, joint ventures, and proprietary program structures. For more information, visit

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , , | Leave a Comment »