Owner: Asset Manager URL:http://www.winterman-am.blogspot.com Join Date: Wed, 08 Aug 2007 17:38:09 -0500 Rating:0 Site Description: Our, sometimes irreverant, look at the world of offshore investment, hedge funds, Swiss banking and all things financial Site statistics:Click here
Good investments in social networking?...We think so... 2007-08-07 07:39:00 Blogs are a phenomenon, there can be no doubt about it. These along with other crowd powered media, such as Myspace, Facebook, YouTube and Now Public (which I found the other day and is definitely worth a visit) are a socially and economically as important as the industrial revolution.
This may be a bold statement but sites such as these, I believe, are the foundations for the next wave of Read more:networking
, think
Offshore Investment 2007-08-03 13:35:00 Offshore investing is often portrayed in the media, as the practice of sending your hard earned money to some Caribbean Island in order to evade tax or to find a whole for your ill gotten gains. Of course there are some jurisdictions that may fit into this bracket and we know that there are those whose nefarious activities have to result in ill gotten gains, and these people have to bank too. Read more:Offshore
Hedge Fund Advertising Ban to be Tested 2007-08-03 03:11:00 Todays Comment: While the stock markets remain nervous, they are reacting positively to good corporate results, which we see as a good sign. However, the US real estate crisis is likely to weigh on the markets in the coming days and weeks. Nevertheless, we think now is a good time to buy favorably valued stocks, so we have increased the equity component of our investment strategy. In the US, Read more:Hedge
, Advertising
, Hedge Fund
Offshore Disclosure Facility - Tax 'Hit Squads' unleashed 2007-08-02 06:35:00 Todays Comment: Key US growth indicators are showing some clear signs of spillover from the housing recession and the related consumption growth slowdown. The ISM Manufacturing PMI fell by more than expected and the ADP private payroll release points to further moderation in employment growth in July. The recent news releases fit our scenario of a protracted US growth slowdown.
----------------- Read more:Offshore
, Disclosure
, Facility
Hedge fund produces stellar returns 2007-08-01 12:26:00 Today's comment:
After last week's turbulence, the financial markets yesterday calmed down, as we had predicted, and a more realistic assessment of the state of the markets set in. Share prices were much stronger across the board, and we expect the second-quarter results published over the coming days to be very strong, bolstering the equity markets further. The US ISM Manufacturing Index should Read more:Hedge
Not Paying Attention!!!! 2007-07-25 04:21:00 Unfortunately, we feel asleep at the wheel today... Our domain name www.winterman-am.com expired today and unfortunately we didn't realise. Normal service should be resumed later today, sorry for the inconvenience..
Fund of Hedge Funds or Personal Hedge Fund? 2007-07-23 06:40:00 Corporate Boards quake at the arrival of active funds on their shareholder lists, politicians hate them, rich people fight to get in them and investment banks are desperate to buy them. That an investment vehicle could arouse such interest is a phenomenon of our times.
A Hedge
Fund is simply a pooled amount of capital that uses techniques such as leverage when applied to investing both long ( Read more:Funds
, Personal
, Hedge Funds
PIPEs in Europe 2007-07-16 04:13:00 Private Placements in Public Equities (PIPEs) have represented $26bn worth of placements in the US so far this year but this method of transaction is relatively rare in Europe
an markets although the popularity is gaining.
PIPE transactions first gained favour in the 1990's among sophisticated investors in the US. In a PIPE transaction the company will sell newly issued securities to a small
Hedge Funds.. Pah... I want to be an Internet billionaire 2007-07-14 11:35:00 Its Saturday and I have dispensed with all things stock market, bowler hatted and secret bank accountish for the weekend. I have sat out in the Sun for a few hours and even had a workout. Only problem is the lure of my computer was just too much.
It just sits there looking all cool and inviting (its an Acer Ferrari one) and I cannot resist its charms, even on my day off, so here I am. It may Read more:Hedge
, Funds
, Hedge Funds
, Internet
US Regulator Demands Access To Hedge Fund's Books, 2007-07-10 12:32:00 The US Commodities And Futures Trading Commission (CFTC) has filed a contempt of court motion against the Bermuda-registered Lake Shore Asset Management Limited (LAM) in response to its refusal to allow CFTC staff investigate the fund's accounts, on the grounds of bank secrecy rules.
The CFTC’s motion was issued in response to LAM's violation of an ex parte statutory restraining order (SRO) Read more:Hedge
, Hedge Fund
, Regulator
, Access
, Books
How to get in on the private equity IPO boom 2007-07-09 06:57:00 We have had a number of emails asking the title question and the answer is fairly simple. Open an account and we will get you involved in he deals on a block basis. Through an account with us we are able to apply in large blocks for shares in IPO's which are then distributed across the accounts the ratios applied for. It really is as simple as that.
Not wishing to talk ourselves out of business
Indirect Taxes - The price for low corporate tax 2007-07-05 06:36:00 Competition between countries to attract and keep foreign investment is continuing to drive down corporate
tax rates across the world, although governments are clawing back revenues by increasing indirect taxes, which may require companies to shoulder greater compliance and accounting costs.
This is according to KPMG's corporate and indirect tax survey 2007, which, for the first time, tracks Read more:Indirect
, Taxes
, price
Swiss Super Regulator set for 2009 2007-07-04 05:32:00 The Swiss
parliament has approved plans for a new 'super regulator' which will bring the activities of three current regulatory bodies under one roof.
The new entity, to be known as the Federal Financial Market Super
visory Authority (Finma), will incorporate the roles currently played by the the Federal Banking Commission, the Federal Office of Private Insurance and the Money Laundering Control Read more:Regulator
Buffet pays less tax than his cleaner.... 2007-07-03 13:06:00 Warren Buffet
has blasted the US tax system because he says that he pays less tax on his earnings than his secretary or his cleaner
. I take his point and if I was worth $53bn I wouldn't mind paying a little more tax either, I mean how many Lamborghini's can you own?
However, I worry that because we are living in the information age that reports of private equity billionaires and dot.com
Offshore Disclosure Facility Looming 2007-06-13 05:11:00 The 'OffshoreDisclosureFacility
' outlined in previous posts is now looming. Basically if you have an offshore account with undeclared taxes due you have until the 22nd June to declare it, pay your taxes and a 10% fine. If not and the Revenue investigate, you will pay tax and up to 100% of the overdue taxes as a fine.
It is important for you to consider your options if you are in this situation Read more:Looming
High Yield Bonds and PIPEs 2007-05-30 06:59:00 I recently purchased a used copy of 'The Junk Bond Revolution' for all of 99p and it has turned out to be a fascinating read (The Predators Ball by Connie Bruck is also very good). I did read it some years ago, well 15 years ago to be precise, when I was just a whipper snapper starting out in financial services.
Reading it now from a position of understanding the capital markets and actually Read more:Yield
, Bonds
Offshore Disclosure Facility - is it abuse? 2007-05-22 13:56:00 We have, obviously, been reading lots about the 'OffshoreDisclosureFacility
' being offered by the UK revenue services. Basically it means that if you have undeclared income from savings or investments offshore then you can declare it, pay the back taxes and and a 10% fine and you will be OK.
Personally we think this is a good deal for those who did not plan their tax situation correctly in the Read more:abuse
Private Equity - History repeating itself? 2007-05-20 02:39:00 There have been several interesting articles recently about the rabid pace of buy-outs by private equity firms. We have all seen the newspapers that discuss the issues of private equity engulfing ever more firms and in ever larger deals.
Is this good for the economy? It is certainly good for the stock market at the moment with buyout targets stock prices fueling ever more growth and therefore Read more:Private
, Equity
, History
, Private Equity
Tax Advisor Warns Of HMRC's 'July Offensive' Against Offshore Account Holders, 2007-05-13 12:28:00 As you may, or not be aware, the revenue are mounting an offensive against those who have undisclosed offshore accounts. There are many legal ways to maintain your offshore account in accordance with UK revenue rules and still be extremely tax efficient. If you need assistance with this issue please get in touch
by Jason Gorringe, Tax-News.com, London 11 May 2007
HM Revenue and Customs will Read more:Offshore
, Offensive
, Account
Nasdaq sees private placement portal up by June 2007-05-12 05:51:00 The following article from Reuters in an interesting pointer that reminds us of the power of private placements and PIPE type transactions.If you are interested in investing in this area please take a look at our specialist investment account.
By Joseph A. Giannone
NEW YORK, May 4 (Reuters) - Nasdaq
Stock Market Inc. Chief Executive Robert Greifeld said on Friday the exchange operator expects
UK Looks To Scrap Tax On Foreign Profits 2007-05-09 06:54:00 The United Kingdom government is reportedly working on proposals that would allow British-based multinationals to repatriate billions of pounds in profits earned overseas free of tax.
According to a report by the Financial Times, the Treasury is preparing to launch a consultation document this Spring which will discuss a number of options, including an European-style “participation exemption” Read more:Looks
, Scrap
, Foreign
You only sing when you're winning. - EU posturing over tax issues 2007-04-18 08:22:00 Tax competition between Switzerland and the EU has raised its head once more with scare mongering to Switzerland that a political waste land of no influence and economic isolation will be inevitable if Switzerland does not join the EU.
In reality its all about Switzerland being better at the tax game....
EU Commission President José Manuel Barroso has called on the Swiss government to do more
Winterman Asset Management - PIPE Investment Account 2007-04-06 08:37:00 Winterman AssetManagement
has launched its Managed PIPE account to enable investors to become involved in the lucrative, but often inaccessible, market of Private Investment into Public Equity ("PIPE").
What is a PIPE?
A private investment firm's, mutual fund's or other qualified investors' purchase of stock in a company at a discount to the current market value per share for the purpose of Read more:Account
Tax Exiles Flock To Switzerland 2007-04-04 04:16:00 By Swiss Info
Ultra-rich foreigners are flocking to Switzerland
in increasing numbers to take advantage of controversial lump sum tax arrangements offered by many cantons.
The number of tax exiles reached 4,175 last year up from 2,394 in 2003, according to a survey by consultancy group KPMG. The policy has attracted critics both within and outside the country.
Earlier this year a spokesman
UK Private Investors to access hedge funds? 2007-04-03 07:51:00 Article by Hedgeweek
UK asset management firms and hedge fund industry representatives have expressed their satisfaction with the long-awaited proposals unveiled by the Financial Services Authority that would allow retail consumers to invest in funds of hedge funds and other alternative investments sold by firms authorised in the UK.
The new regime for retail alternative funds is likely to Read more:Private
, Investors
Hedge Fund Advertising and the Nanny State 2007-08-10 05:25:00 It's an odd scenario. Hedge
fund managers are being increasingly pressured by regulators and politicians to be more open about the way in which funds are invested and how they are run, and yet they are not allowed to talk about their businesses publicly for fear of being accused of solicitation.
The stand off is quite bizarre, actually.
By raising money privately, rather than in the public Read more:Advertising
, Nanny
, State
, Hedge Fund
Writing a Prospectus and The Prospectus Directive 2007-08-09 03:26:00 The Prospectus Directive
was developed to harmonise capital raising across the European Union and seeks to ensure that adequate and equivalent disclosure standards are in place in all Member States when securities are made available for all European investors, either through a public offer procedure or because they are admitted to trading on regulated markets.
The Directive has introduced a new
Going Public on AIM 2007-08-13 13:18:00 When going public on AIM there are various advisors that you need to retain to help with the process.
Nominated Advisor
Under the AIM Rules, an AIM company must appoint and retain a Nominated Adviser (or “Nomad”) at all times. The Nominated Adviser is responsible for confirming to the London Stock Exchange (“LSE”) that the Company is suitable for AIM. This is an important role as the LSE does Read more:Going
, Public
Jim Cramer and the Rant of Truth!! 2007-08-13 04:33:00 Today's Comment: This Friday marked a high on the European stock markets - but in terms of turbulence. Investors seem to be rushing the exits. Good fundamentals - a strong European economy and high corporate earnings - seem to have lost their appeal. We are sticking to our investment strategy - panic has never been a good counselor in the stock market. This week a number of economic statistics Read more:Cramer
, Truth
, Jim Cramer
Fed Rate Cut - Cramer wins the day.... 2007-08-17 11:55:00 It looks like Jim Cramer
's rant last week about a cut in the discount rate had some supporters not least in the Fed themselves. The rate cut today sent the Dow on a surge but, as of writing it has settled to 125 up.
The Fed recognised that turmoil in the financial markets could affect economic growth saying "financial market conditions have deteriorated, and tighter credit conditions and
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