Publicly-beneficial financings with predictable revenues and profit potential
This June, the UK became the first non-Muslim sovereign to issue sukuk and, later this month, South Africa will become the second. Luxembourg and Hong Kong are reportedly soon to follow.
Sukuk are the Islamic equivalent of conventional bonds, but they reflect important cultural differences from the fixed income securities known in the West. For one thing, sukuk are only issuable by companies or projects deemed morally worthwhile (halal) by a board of Islamic scholars.
Taking a high-potential start-up to the next level
Angels are investors who finance start-ups after the entrepreneurs have put up their own capital and raised additional funding from so-called friends & family. Angels only invest in new businesses which they believe can return big numbers.
Whose fault is it when your job is to make as much money as possible?
Back in 2008, it certainly looked as if rogue trader Jérôme Kerviel was acting alone.
He had built up derivative positions in the astronomic amount of €50 billion ($68.5 billion) – way beyond his trading limit – and had admittedly concealed them from his employer, Société Générale, by creating fake, offsetting trades in its computer systems.
It all depends on your investment time horizon . . .
Statistically, hedge fund activism was off the charts in 2013. It was the top-performing hedge fund strategy by far and its practitioners won more proxy contests, attracted more capital and targeted bigger fish than ever before.