Bankruptcy and Insolvency Laws Could Drive Venture Capital Markets
John Armour and Doug Cumming of the Centre of Business Research (CBR) say the link is true when applied to bankruptcy laws, and is as important a factor as economic conditions and buoyant capital markets.
They say the finding is significant, given that it was thought previously that the depth and liquidity of the stock market was the overriding factor. "Favourable tax and legal environments help the establishment of venture capital and private equity funds and increase the supply of capital," said a report produced by the pair. "Similarly, temperate bankruptcy laws stimulate entrepreneurialism and increase the demand for venture capital," they added. For their study, Armour and Cumming carried out an international comparison of the legal and tax regimes in 15 countries over 13 years, and found that investor friendly regimes had a good supply of, and demand for, private equity.
An investigation of each country's bankruptcy laws showed that those with tighter regimes, like in Germany where bankrupts must wait six years before starting again, there is significantly less demand for venture capital. The findings are particularly topical in the UK where insolvency laws were changed this month to allow 'honest bankrupts' the option of starting up again after 12 months, instead of three years previously. One of the key aims of this and other reforms was to "aid rehabilitation and business start-ups and re-starts".
"Many entrepreneurs rely on personal funds and credit - re-mortgaging their house, for example - to get their ideas off the ground before they have even got to the point of seeking venture capital," said the report. "If their ideas end in failure at this stage, some entrepreneurs will be put off from ever returning to the nation's talent pool.".
Fundamentals of Headlines, Copy and Design in Communication
While there are many opinions about what constitutes good headlines, copy and design, most professionals agree that these individual elements of the ad must work together. In combination, they must grab attention, convey a persuasive message and portray a consistent identity.An ad that's too cluttered can't convey a message quickly enough to engage the reader or viewer. One that's out of character with the product or service will be confusing rather than convincing.An effective headline (or a broadcast ad's opening moments) must immediately capture the audience's interest and pull them into the ad. A good rule of thumb is to look for the inherent "drama" in what you are offering, and capitalize on that to create an alluring ad.Examples: "We're Losing Our Minds" -- a university ad appealing for funds. And "You Don't Have to be Jewish to Love Levy's" -- a bread company ad featuring a Chinese man biting into a whopping pastrami sandwich.Next, the photo or illustration amplifies the message....
Fundamentals of Headlines, Copy and Design in Communication
Hedge funds > Fundamentals of Headlines, Copy and Design in Communication
Panama Law Firm Adds Alvaro Aguilar as New Partner
(ContentDesk) June 14, 2006 -- Attorney ?lvaro Javier Aguilar joined the Panama law firm of Lombardi Cambra & Co. as a partner. Mr. Aguilar has advised multinational and local clients in real estate purchases and development, international mergers and acquisitions, tax planning, real estate investment funds, joint ventures, trusts, foundations, software licensing, e-commerce, and electronic transfer of funds.
Transactions where Mr.
Aguilar has advised include the purchase of real estate by a US retailer, purchase by a US finance entity of a stake in a Central American bank, tax arrangements and sale of a property to a Panama-US joint venture and the structuring of a real estate joint venture for US investors.Mr. Aguilar has published articles on intellectual property, taxation of low-tax transactions, banking law, as well as other business law matters in several international publications.
He has lectured before the Panama and New York Bar Associations and the...
Hedge funds > Panama Law Firm Adds Alvaro Aguilar as New Partner
The Benefits Of Laddering Your CD Investments
If you've decided to stock some money away in a certificate of deposit, why not reap the highest benefit over time by laddering your CD investments? What's a CD latter? I'm glad you asked.A CD ladder is made up by purchasing several CD's at one time with different maturity dates. One example of a CD ladder is to have maturity dates of one year, two year, three year, four year, and a five year CD. These five investments make up the rungs of your CD ladder with one certificate maturing every year for the next five years.For example, let's say you had $10,000.00 to invest. You would buy 5 CD's for $2,000 each with each one invested for one year more than the first. So you'd have a $2,000 CD maturing in one year, another in two years, and so on up to the last one which matures in five years.
Every year for the next five years one of your CD matures and earns you interest on your $2000 principal.When your certificate of deposit matures, you roll it over into another CD. The best strategy...
The Benefits Of Laddering Your CD Investments
Hedge funds > The Benefits Of Laddering Your CD Investments
MUTUAL FUND PERFORMANCE AND WHY THERE ARE NO DICE COUNTERS IN VEGAS!
A way that investors get ripped off and in a sense rip themselves off is based on the culture of performance in the mutual fund industry. If you stop and think about it there is absolutely no reason that the past has to equal the future. If you have not been particularly successful as a stock investor in the past, for instance, there is no reason that you won't be unsuccessful in the future. One reason I hope that you are reading this article is that you want to improve as an investor. Let's discuss how professional gamblers profit in Las Vegas.
Card counters are a type of professional gambler that uses their memory of what card cards have been dealt out of a deck in a game of blackjack (also called 21). Since there are only a certain number of each type of card they can increase their bets when it is more likely that they will win then lose. This works because after the shuffle the deck starts with a certain composition and a number of games are played until the next shuffle...
MUTUAL FUND PERFORMANCE AND WHY THERE ARE NO DICE COUNTERS IN VEGAS!
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Cash For Insurance Annuities
An insurance annuity is an investment instrument sold by insurance companies to the public. The investment insurance annuity may be either a fixed or a variable annuity. If the annuity holder pays a fixed amount to an insurance company, the company in turn pays the annuity holder regular fixed monthly amounts either for a fixed time period or for the lifetime to the annuity holder or beneficiaries.
If the contract has a stipulation of lifetime monthly payments, it is called "annuitization". The company will make monthly payments to holders until their death. If a fixed time period is chosen for the payments, the incomes will only be received until the end of the fixed time period.
The company will invest the amount obtained from the fixed annuities into government securities and bonds having low risk. On the other hand, on some annuities, holders will receive periodic payments depending on the performance of the funds or securities that the company has invested in....
Cash For Insurance Annuities
Hedge funds > Cash For Insurance Annuities
Offshore Markets - Looking Better All The Time!
The World's Market Capitalization is ShiftingEmphasis in major market capitalization is shifting away from established industrialized countries toward emerging markets.US market dominance has dramatically declined. The present tendency in the US to excess equity market valuation will accelerate the movement of capital to more attractive emerging markets. Share valuations in Asia, often at 1 1/2 times book value, compare most favorably with characteristic multiples of 6 for similar companies on the US market. Major US pension funds, e.g., CALPERS, are in high gear to diversify internationally by direct investment in emerging market growth companies.It will be some time before confidence in the Japanese capital market fully returns.The less liquid European equity markets, compounded by economic Uncertainties, remain unattractive.The move of investment capital will clearly be toward the emerging economies of Asia, Eastern Europe, and Latin America.World Economic Opportunities are Moving...
Offshore Markets - Looking Better All The Time!
Hedge funds > Offshore Markets - Looking Better All The Time!