ICI Argent–a Hong Kong based environmental technology oriented private equity firm–has been selected to represent Los Angeles, California based investment banking firm International Energy Capital Corporation for large scale project financing in the Philippines.
“U.S. standards, U.S. investors. That’s how we roll. If you’re a project manager you may be 60-90 days away from having your project fully funded on very competitive terms,” says group representative Paris Murray. Read the rest of this entry »
ICI Argent LLC, South East Asia’s first environmental technology focused venture capital firm, is scouting for extraordinary entrepreneurial talent in the Philippines and nearby countries.
“What are we looking for?” cites group representative Paris Murray. “In a nutshell: ground breaking, game-changing, and economically compelling technologies and business ideas which are socially responsible, improve the quality of life, and mitigate the adverse effects of climate change.” Read the rest of this entry »
Vanguard Group Inc., the largest U.S. provider of stock and bond funds, is deciding whether to keep Axa Rosenberg Group as manager for about $1.5 billion of its assets, after that firm said a “coding error” disrupted its quantitative investment process.
“We’re taking a very hard look at that relationship, but we’re still in fact-finding mode,” Rebecca Katz, a spokeswoman for Valley Forge, Pennsylvania-based Vanguard, said in a telephone interview. Read the rest of this entry »
INVEST PHILIPPINES strives to provide excellence in professional service to its clients.
The purpose of collecting data from clients is in order to provide professional fiduciary services.
E. M. Murray observes a strict code of ethics and maintains a policy of strict confidentiality of all personal data submitted by clients whether by mail, email, fax or through information provided via consultation. Read the rest of this entry »
“The greatest benefit of mechanical trading systems is their ability to reprogram traders away from destructive types of behavior in favor of successful trading habits.”
–Richard Weissman
Perhaps W. Edwards Deming said it best: “If you can’t describe what you are doing as a process, you don’t know what you’re doing.”
I can count on one hand the number of traders I’ve met on the Philippine Stock Exchange trading floor who can describe every facet of their trading as a process. True, some veterans can kick butt trading ‘by their gut’ but they are few. I suspect the majority let their emotional state or whims of the moment play a inappropriately large role in putting on trades.
If you’re serious about your trading, you’ll systematize what you’re doing.
“Sir John Templeton was the first American investment manager to pursue investments in foreign markets. He chose Mobius as his general to lead the Templeton Emerging Markets Fund, which invested heavily in dozens of emerging and frontier markets years before most other funds got a clue.
My fave quote:
“All markets, being based more in mass psychology than objective reality, have a tendency to overshoot and undershoot economic growth rates. Judging the influence of irrational emotion is, by the way, the way we make most of our money.”
Mobius, by the way, was the keynote speaker for the Asia Pacific Investment Conference 2009 at the Renaissance Hotel in Makati City, Philippines.
Renown mentor and trainer of numerous world class traders including Monroe Trout, Toby Crabel, Stu Rose, James Altucher, John Hummer, Jake Burton Carpenter and Roy Niederhoffer.
Intriguing read, despite Niederhoffer’s obvious issues with risk management.
This book came out midway between two extremely high profile Niederhoffer fund blow-ups: the first in 1997 when he was arguable the top fund manager on Earth; the second in the 2007 subprime meltdown, a year after his Matador Fund was awarded by MarHedge as one of the best in the world. Read the rest of this entry »
If ever you were thinking of investing in accordance with popular academic wisdom, you’d better read this first.
Lowenstein dramatically illustrates what happens when you take high brow academics out of the ivory tower, complete with Nobel Prizes of Economics in tow, and turn them loose on a billion-dollar hedge fund. Read the rest of this entry »
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Paris E. M. Murray