May 30, 2008
Why the Global Housing Market Boom Bypassed Germany - The East - West Divide
Analysis of:
Why the Global Housing Market Boom Bypassed Germany | www.spiegel.deAuthor: GLG Expert ContributorThe article - while correct - is too focussed on residential and East German real estate. The real opportunity for profitable German property investment is in the major West German cities for appartments and homes and for commerial real estate, mostly in West German medium-sized cities.
May 30, 2008
Deutsche Bank/Citibank Germany - Why do a bad deal?
Analysis of:
Deutsche Bank, Santander May Bid for Citigroup Unit | www.bloomberg.comAuthor: GLG Expert ContributorDeutsche Bank is completely undercapitalized after writedowns and the repurchase of shares over the last few years to increase return on equity. A substantial takeover would require a massive capital increase. In addition, Citibank Germany would have to be purchased at a premium over fair...
May 27, 2008
UBS Asset Management and Private Banking Provide a Floor
Analysis of:
UBS Falls After Saying More Mortgage Losses Possible | www.bloomberg.comAuthor: GLG Expert ContributorUBS should hold up better than other investment banks going forward. Unlike Morgan Stanley, for example, with a failed asset management and private banking business, UBS has two strong and stable divisions to rely upon. Part of the stock price decline is the ex-rights impact. Other banks will be as...
May 27, 2008CHANGE for the better
Analysis of:
MGAs Need To Prepare For Hard Market Now | www.propertyandcasualtyinsurancenews.com
Author: Mark Mariotti,
CEO, Future Management Holdings Inc MGA's can seek out better lines and Company deals. MGA's can seek out training to meet the changing demands. One very specific area an MGA can capitalize on is TECHNOLOGY.
May 27, 2008
Economic Toll Mounts From High Oil Prices - Time for the Betty Ford Clinic?
Analysis of:
Economic Toll Mounts From High Oil Prices | www.nytimes.comAuthor: GLG Expert ContributorThe US wastes massive amounts of energy in inefficient production facilities, via an inappropriate transportation system and in poorly designed homes and office buildings. Compounding the problem are financial institutions, which create commodities products for speculative purposes. Is it not time...
May 23, 2008
German State-Owned Banks - The Final Countdown to Self Destruction
Analysis of:
German State-Owned Banks on Verge of Collapse | www.spiegel.deAuthor: GLG Expert ContributorGerman government banks have made every mistake in the book over the years. It started with too much gapping in their interat rate book, improper stock trading, questionable commercial loans in connection with deals and most recently betting the ranch on structured credit positions. The final...
May 22, 2008
Moodys - Another Salomon Brothers for the Sage of Omaha to sort out?
Analysis of:
Moody's computer glitch led to incorrect rating of CPDO derivatives | www.forbes.comAuthor: GLG Expert ContributorSecurities fraud, weak supervision at a major participant in the securities industry sound familiar? Perhaps Moodys is another Salomon Brothers for the Sage of Omaha to sort out. As a 19% stakeholder, it seems to be his destiny. This would be a public service as the true destiny for the...
May 21, 2008
Target Date Fund Indexes - Another tax on investors and the global securities industry
Analysis of:
Target Date Fund Indexes | tdbench.comAuthor: GLG Expert ContributorIn every segment of the securities industry (clearing & settlement, custody, brokerage, securities and commodities exchanges, asset management and securities underwriting), we have achieved effective consolidation and ultimately cost reductions for all market participants - only the index data...
May 21, 2008
Saudi Sovereign Fund - Nothing New But Developments May Help Bring Middle East Peace
Analysis of:
Saudis to launch $5.3bn sovereign fund | www.ft.comAuthor: GLG Expert ContributorSAMA, the Saudia Arabian Monetary Authority, has been a long-term investor in international companies for years. SAMA, ADIA and KIA - along with many other regional banks - are active in public and private equity and debt markets. The real news is the growing total investment capital from the region...
May 20, 2008
AIG Financial Products - Captive Investment Bank?
Analysis of:
AIG Posts $7.8B Loss For 1Q | www.propertyandcasualtyinsurancenews.comAuthor: GLG Expert ContributorWas it really smart to mix insurance, investment banking, investment management and private banking? Which of the following is a success story: AIG, Allianz, AXA, ING, Citi, Fortis or Generali?
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