Kyle Bass, founder and principal of Hayman Capital Management, L.P., located in Dallas, has stated that 2015 has been the worst year of the last ten. His interview on Wall Street Week, noted that he expected a rebound in energy prices in 2015, but it didn’t materialize. His optimism continues, as he feels there is a massive opportunity in energy. Kyle Bass’ states that if you are looking for a medium term investment idea, you could allocate capital for the next three to five years. Investing now and into the energy space over the next 6 months.
With an agnostic view as to what type of energy, one should invest in, Bass believes there are investments in; infrastructure, pipelines, producers, upstream or downstream. Bass strongly believes these can put new capital and generate substantial returns. He believes that this type of trade is not for everyone, as it’s very tough to invest as a non-professional. There was a prediction of China’s devaluation, which happened. Bass is quoted from CNBC:
“China many years ago attached its currency to the dollar: they hitched their wagon to our star very smartly because back then our goal was to depreciate our dollar through inflation. So we issued debt to the rest of the world to depreciate the dollar. And so now the real problem is China has hitched their wagon to our star, and their currency has effectively appreciated about 60% versus the rest of the world since 2005 and it’s killing them… China’s effective exchange rate moving up versus the rest of the world made their goods and services a little bit more expensive each year and now that labor arbitrage is gone. And if that labor arbitrage is gone, and the banking system has expanded 400% in 7 years without a nonperforming loan cycle, my view is we are going to see a non-performing loan cycle.”
Bass goes on to say: “We are not short Chinese equities, but we are very invested in the Chinese currency: we think we are going to see a pretty material devaluation; we think it’s going to be in the next 12-18 months.”
Bass was fortunate as his predications of the 2008 mortgage crisis, not only made his fortune, but also international headlines. During this time he became a superstar and genius. That seem to fall apart as time went on, something UsefulStooges has reported about Kyle Bass, and his magic touch dissipated. He has since made several bad calls. He chooses not to turn down invitations to go on TV and give analysis that invariably serves his own bottom line.
We live in a world that makes it very difficult to find qualified cleaning and repair professionals that are reliable. The Homejoy mobile application was created to fill that void. The company made it possible for independent contractors to find work through their application. People requiring repairs or home cleaning were able to easily book the service through the application. However, the San Francisco based startup was hit with a number of legal challenges that made it difficult for them to keep their business doors open to the public. They filed for Chapter 11 Bankruptcy in a San Jose court, after only 2 years in operation.
Perhaps, the company did start with a bang. They raised fundings from several sources that had faith in their business venture. Some of the well-known sources included Google Ventures and First Round Capital. They offered house cleaning services for about $25 per hour. They also rapidly expanded the company to other areas. However, siblings Adora and Aaron Cheung found it difficult to maintain momentum in the industry. Perhaps, this was due to their biggest competitor, Handy
Handy Technologies Inc.
Handy is the creator of a mobile application that allows the user to book cleaning and repair services. All the independent contractors are background checked and screened. Thus, users are assured of a good experience with all involved. Oisin Hanrahan is the co-founder of this Handy. Personal experience led the young college student to develop the idea for an application that made it easy to book professional cleaners and repair people.
During the beginning, the Handy application was only available to people living in Boston, New York, and San Francisco. Today, Handy is available to major cities across the country and several international countries. Oisin Hanrahan is the co-founder and believes that there is a growing need for this type of application. People simply do not have a way to connect with professional repair people and home cleaners that are reliable and trustworthy. This application helps to close that gap and bring the independent contractor and customer together. The idea is to make the application a mutually satisfying experience for all involved.
Continuing its tradition of excellence, Highlands Capital Management’s Highland Long/Short Healthcare Fund (HHCAX) was recently awarded the 2015 HFM US Hedge Fund Performance Award in the “40 Act fund – equity” category. This award is bestowed on the funds that have outperformed other related funds based on a number of factors, both quantitative and qualitative. In selecting the winners, judges look not only at the fund’s performance during the past one, three and five-year periods but also the background and experience of the fund management and relationship and reputation with investors.
The fund has $3 billion in assets under management and is Highland’s largest sector fund. The investment objectives are to provide its investors with long-term capital appreciation. It accomplishes this by leveraging the fund’s eleven professionals’ 130 years of experience to combine effective risk management with the income generating potential from long and short investments.
Highlands Capital Management was founded in 1993 by Jim Dondero and has regularly been recognized as a leader in the hedge fund and investment banking business. Highland pioneered the use of collateralized loan obligations (CLO’s). By combining these corporate debt securities in a way to balance the risk and return, they provide a way for companies with sub-investment grade credit to obtain capital for expansion.
Today, Highlands has over 150 employees in offices worldwide. Offering their clients a wide range of investment services including mutual funds, investment banking, capital acquisition, and consulting. Industries represented in their client portfolio include healthcare, gas and oil, real estates, and emerging markets. The company has also been named one of the best company’s to work for by the Dallas Business News.
Jim Dondero founded Highland Capital along with Mark Okada after a successful career working for American Express and Protective Life’s GIC subsidiary. Jim graduated from the University of Virginia’s McIntire School of Commerce with honors from both Beta Gamma Sigma, Beta Alpha Psi. His degree consisted of a dual major in accounting and finance.
After graduation, Jim was accepted into the Morgan Guaranty training program as an analyst. When that program was completed, Jim was hired by American Express, first as a bond analyst, but was quickly promoted to portfolio manager responsible for a fixed income portfolio of over $1 in assets. Protective Life hired Jim to oversee the launch of their GIC unit in 1989 and grew that business from inception to over $2 billion in assets within four years.
The course of Forefront Capital was set many years ago when Brad Reifler was focused on accredited investors who made over $200,000 a year or had a new worth over one million dollars. This all changed when Brad invested in a college fund for his kids. Brad lost money on the deal, and he decided to turn his attention to people who are not represented on the stock market every day. Brad’s new plan with Forefront Capital allows investors with very little money to make more profits from simple investment tools.
#1: Applying The Same Tools To New People
Brad’s original plan was to serve the wealthiest investors on Wall Street, but he has changed his tune, and Forefront Capital is focusing on people who have very little money to invest. Brad’s blueprint for his investments includes the use of similar financial tools on people who make less money. Someone who starts with a small amount of money can increase their net worth quickly, and the funds that Brad invests in typically have massive returns.
#2: Reaching Out To Young Investors
Young investors are able to spend their money wisely with Brad and Forefront Capital because he is focused on using the right investment tools. The funds that serve the people with the least money tend to perform poorly, but these investors will lose money over time instead of profiting. Brad believes that he can create profits for anyone who is interested in investing, and he has made the shift at Forefront Capital to help those people as much as possible.
#3: Will Brad’s Funds Grow?
Brad’s funds will begin growing quite a lot over the years because he has focused his time and energy on servicing every account properly. The funds are traded the way any other fund would be traded, and customers get service that was once reserved only for the most elite investors on Wall Street. Brad’s funds will grow as young investors put in small amounts of money, and the funds could begin to outpace the much larger funds that everyone is aware of today.
The change of course Brad Reifler outlined on his Vimeo is using will help people who believe they cannot make investments on the stock market today. Someone who was afraid to invest can use Forefront Capital as a vehicle for investment, and Brad’s focus on the 1% will help make a difference where no other investment bank has tread previously.
Madison Street Capital is a company with a reputation for being committed to providing top-notch services in the investment banking field. The company operates on the precepts that all clients must be accorded services that have integrity and that are excellent. The company has been doing well in areas related to mergers and acquisitions, advisory services, valuation services and offering professional financial opinions to companies that are private and publicly held. Clients that have been using the company’s service are at all times able to succeed in the global marketplace owing to the fact that they are well structured for optimum growth.
Different with other firms offering similar services, Madison Street Capital holds the opinion that emerging markets are the main component when matters related to driving the global economy are concerned. It has therefore been committed to having a strong focus on the markets and in the process, it has earned the client’s trust worldwide through its unwavering dedication to the highest levels of professional service delivery. While the company has continued to provide financial opinions to big corporations and firms, it has focused its expertise in working together with middle-market firms that have the ability to go through complex transactions so as achieve top quality outcomes.
The firm’s team of experienced professionals are always in touch with the latest investment trends and are always at the table offering clients with the needed sophisticated guidance as well as financial advice from the start to the end. The firm understands very well that every client’s situation is unique and it, therefore, takes all the necessary time so as to understand and analyze each client’s needs so as to come up with the best possible match between sellers and buyers. In the process, it also arranges appropriate financing and creates capitalization structures that optimize on the specific client’s potential.
The firm is proud to be associated with the best service in different industry segments that has allowed its clients reach their goals in a timely design and manner. Its vast experience in matters related to understanding corporate and independence governance have played a very big role in why it is a leading provider in financial advisory services. The firm is among the few that have a widespread network of offices in North America, Africa, and Asia, and it has adopted a global view that offers equal emphasis to businesses regardless of their location.
There are a few jobs that are harder than others, especially when it is a woman who is trying to get them. One thing that women have struggled with for many years is finding a place in the business world. Being a businesswoman can be a challenge, as the business world can be a pretty harsh place. There are still some prejudices there, and there is a lot of work that needs to be put into a career in order for a woman to prove her worth in the field of business. But, does that mean that every woman who has ever dreamed of being involved in a business one day should just give up on her dreams? Does that mean that she shouldn’t try for success as a businesswoman, but that she should instead focus on something else?
No, it doesn’t. No woman should ever feel pressured by what she feels is expected of her. No woman should ever feel scared by the struggles that may come when she enters a certain field. Instead, the woman who dreams of being involved in the business world one day simply needs to believe in herself and do the things that she was meant to do.
Susan McGalla had a lot of support from her parents when she was a young girl, and that is part of what helped her to believe in herself and her ability to make things work in the business world. She knew that she wanted to be a businesswoman, and she knew that she wanted to do some big things in the business world, and so she did just that. Susan McGalla pushed past the struggles on cbslocal.com that she faced in order to get to serve in a high position for a big clothing company. She worked for two different, big clothing companies, and she was very successful in her career. She could have been scared away from doing something so risky, but instead she was fearless. And her fearlessness is something to be admired.
No woman should feel that having a career in business is something beyond her reach, even if it is a bit harder than having a career in a different field would be. Instead of thinking of all of the things that could go wrong every woman who wants to become a businesswoman should just give her career her all and hope for the best.