Investment trusts

Armtec, Bank of Nova Scotia ? Pink's Manager Picks

Manager: Andrew Pink, Thornmark Asset Management Style: The ValueShift Investment Philosophy Fund: Thornmark Dividend & Income Fund Strategy: To provide long-term growth through capital appreciation and income by tactically allocating the fund’s assets primarily to Canadian and U.S. equity investments (including REITs, royalty and income trusts and similar investments), bonds and cash. Buy recommendations: Armtec Infrastructure Income Trust Bank of Nova Scotia Trinidad Drilling Ltd. Sell recom...

Obama softens opposition to offshore drilling, and more political news

Barack Obama opened the door to offshore drilling on Friday, saying, "My interest is in making sure we've got the kind of comprehensive energy policy that can bring down gas prices. If, in order to get that passed, we have to compromise in terms of a careful, well thought-out drilling strategy that was carefully circumscribed to avoid significant environmental damage -- I don't want to be so rigid that we can't get something done." Obama said he backed a new compromise energy package that was in...

Real estate still a good investment, but proceed with caution

MILWAUKEE — Opportunists look at the stumbling real estate market and see bargains and the potential upside. June Schroeder sees a minefield. Real estate should be part of most investors’ portfolios, says the co-owner of Liberty Financial Group Inc., an Elm Grove, Wis., financial consulting firm, echoing the view of other advisers. And it’s tempting to wade in when prices seem to be at or near a bottom. But in real estate, bargains often aren’t what they seem. Many rueful investors who l...

China Upstarts Acquire Taste for Fine Wine Investing

Well-heeled Chinese can now invest in fine wines via the mainland's first "wine futures", but the vintages on offer are from aspiring local vineyards rather than rare Bordeaux labels. Industrial and Commercial Bank of China and CITIC Bank, two of the country's biggest, have recently launched separate investment trusts aiming to raise about 100 million yuan ($15 million) each from the sale of wine from the coastal Shandong province "en primeur", or while it is still in the barrel.

Boston Properties' profit falls after asset sales

Boston Properties Inc., which led a group that bought Manhattan's General Motors Building last month, said last night that second quarter earnings fell. The company's Boston real estate portfolio includes such signature buildings as Prudential Tower and 111 Huntington Ave. (Shown at right.) Net income fell to $79.5 million, or 66 cents a share, from $102.3 million or 84 cents a year ago, the company said in a statement distributed on PRNewswire. Funds from operations, a cash flow measure used b...

Investments Trusts, Very Useful - Jul 20th

Taxes can determine how you buy an investment. Get A RoundTrip Invesmtent With International REITs. American Mortgage Acceptance Company Reporst Financial Results for the Fourth Quaretr and YearEnd of 2007.

Investment Trusts: Cash in on the discount

The stock market falls is opening up buying opportunities for the shrewd investors

DTCC and SWIFT Focus on Message Standards for Alternative Investments

AIP suite of services supports hedge funds, single hedge funds, real estate investment trusts (REITs), private equity funds, and energy, equipment, and commodity pool funds.

Activist investors reined in by disclosure rules

Investors in investment trusts look set to get a better price for selling their shares, after the government this week changed the rules on the disclosure of shareholders' positions in companies.

11th Cir. Bankruptcy Court Has Jurisdiction Over Dispute Between Two Non-Debtors Where It Could Conceivably Have Effect ...

In re Ryan, No. 07-10845, 2008 WL 1969593 (11th Cir. May 8, 2008) (click for pdf). Ryan filed a voluntary petition for bankruptcy in early 2002. At the time, he owned 100% of the stock in a number of corporate entities (“the Entities”), including Riverside Capital Advisors, Inc. On August 7, 2002, the bankruptcy trustee sold Ryan's interests in the Entities to Entrust for the sum of $60,000. In an order approving the sale, the bankruptcy court stated, in relevant part: Any original books and...