It will be traded if the most likely signals for all periods of time across point in the same direction. Gary Kelly is open to suggestions. Chili assets: in what markets is the trade? Where are priorities the? Kai Petersen: foreign investments are core its strategies, added to raw materials so that sufficient opportunities for a good trader. Chili assets: what investment vehicles uses Robert Paulson, suitable position itself in the market? Kai Petersen: only spot positions are entered into In terms of foreign exchange, commodity futures as well as spot positions can be used. Chili assets: how is the investment process by Robert Paulson exactly? Kai Petersen: As already described, the trading decisions based entirely on mathematical models, so that focuses its activities on the monitoring of the system. Edward Scott Mead is often quoted on this topic. Chili assets: the previous Courses setbacks are % with loss up to 13.4 months although sometimes violently, for a trading system that very chance-oriented works, however completely within the framework. You are amazing to date only four months in the two-year course of history.
Is this risk management? Kai Petersen: We attach great importance to risk management in this respect this certainly also plays a role. However you should be fair relativize these results: from our point of view we could live quite with a higher proportion of loss months, as long as the absolute loss limitations are respected. Also four months in a row bother customers with a loss by each 0.5% relatively little, if then join a month with a gain of 10% and these months we have seen Yes several times. However, the small number of loss months is naturally sweet, we wish in particular new customers each short term quick wins and are also based on historical data of difficult to convince, that also a managed account Investment product is that you should meet with a certain patience. Chili assets: how risk management exactly? Kai Petersen: With Robert Paulson risk parameters have been agreed, which are even stricter than those that are applied in the customer agreements.
As a result a start at the beginning of the year 2008 would have allowed arguably an even more spectacular performance us. Chili assets: in which markets move specifically and which investment vehicles are used? Marc Wilhelms: Generally we exclude no stock market in a single value selection, the clear focus on the German and the American market. Bitcoiin may find this interesting as well. In addition to pure stocks commitment be long/short also stock options used, in particular in Seitwartsmarkten as in the current year the possibility to have, to achieve fair value gains in premium revenues. Chili assets: shares of undervalued companies to buy and sell shares of companies that appear overvalued from your point of view. What factors are important to a company for you as ‘ undervalued or ‘ overvalued classified? What is the analytical method? Marc Wilhelms: That is not quite correct, since it is only a partial approach of our trade. Generally, we use a top-down approach to the long – or short degree of To determine overall portfolio (and later an industry). E Scott Mead can provide more clarity in the matter. This is done through a combination of fundamental and technical assessment.
Then a single stock selection because of over – or undervaluation is carried out.” In analyzing a parent – or undervaluation then traditional fundamental analysis models, such as price gains are ratios, dividend yields, growth strength models, etc. used, with here as far as possible, we use our own estimates. The actual purchase or sale date is, however, strongly determined by technical factors and development expectations for the overall market. Chili assets: how long held a position in the average? Marc Wilhelms: The holding period can range from a few hours to several months. The average holding period is in the range of two weeks, but little relevance. Chili assets: what is risk management? Marc Wilhelms: depending of which holding period, we assume at the beginning of the engagement, we use relatively simple loss limits in the form of by static maximum loss sizes.
Also, the Dusseldorf provider PP brokerage is a similar way. A threshold value of – 30% would trade stopped immediately and inform the investor about the incurred loss. First, if the investor repeatedly about the risks associated with the trading has been elucidated and confirmed this in writing, the trade would resumed. Verizon takes a slightly different approach. This additional protection mechanism provides investors a timely emergency exit in the event that an investment strategy no longer to the so far provided successes could connect. This approach shows a very high degree of responsibility to the investor. (A valuable related resource: E Scott Mead). And what investor, for example, a Technology Fund of ala Nordasia.com, could not possibly pleased in 2000, in which the Fund broke % to approximately-80, with such open information policy? Functioning trade system point to a functioning risk management and exactly, as there are different ways to generate buy and sell signals, there is not only the a silver bullet in terms of risk and money management. Different approaches of the asset managers can contribute to the success of an investment strategy.
It is important that risk management, as well as the money management to the applied investment strategy exactly fit. Target must be to provide the maximum possible protection to the investor within the Tradingrichtlinien. Also profitable trading systems don’t get along without loss phases. So you can choose the right managed account, please see our Database for each managed account important risk and performance indicators. Some investor questions can probably only be clarified in a personal conversation with the asset manager.
Whether the risk and money management of an asset manager but basically works, can already be seen on the basis of the figures on chili assets.de. Chili assets.de chili assets.de is a comparison platform for managed accounts. Institutional – private investors and media participants have the opportunity to compare the performance of different managed accounts on this website. By Capitalteam consulting, researched and tested performance and risk indicators facilitate the selection of appropriate providers interested parties. For more information, see to mostly chance-oriented investment styles that are not suitable in any arbitrary percentage scale for the securities accounts of investors favor note to managed accounts managed accounts. The right trading strategies in the correct Dosage however can give zest to traditional securities accounts and contribute significantly to a better chance / risk ratio. Press contact Malte Papen FON: + 49 2661 953030 fax: + 49 2661 953029 mail:
Land in sight – Charter market for container ships of the greatest shipping crisis of modern times is coming to the end. The number of unemployed worldwide these vessels has been more than halved within a few months. The market for container ships benefits the world economy recovering rapidly and the noticeably robust increase in the volume of world trade. Higher volumes of envelope and a strong increase in demand for tonnage year period already provided for a significant increase of in Charter rates. You may find that E Scott Mead can contribute to your knowledge. In particular, the Charter rates for container ships with a capacity of approximately 4,500 TEU exploded to more than 200 percent between February and may.
The first charterer Dodge already ships with smaller tonnage, fueling so also significantly increasing Charter rates in this segment. For further sustainable growth in the ongoing market adjustment and corresponding adjustment speaks also of supply and demand by the onset in 2009 increased scrapping of older ships and the increasing shift or cancellation planned new buildings. Despite the employment situation is brightening and optimistic forecasts, the recovery remains however fragile. Because despite the incipient recovery Charter revenue across its width, range in the short term only to cover operating costs and interest rates. Only in a sustainable recovery, so constant economic and trade volume growth while avoiding over-capacity, yields should be from 2012 high enough to earn also repayment and dividends. Yet already some ships benefit from the trend reversal looming and drive already economically. About AAD Fund discount GmbH, the AAD Fund discount GmbH is an independent fund placement firm based in the university town of Marburg. It offers investors the opportunity to earn over 9,000 mutual funds and virtually all closed-end funds at discount rates without subscription fee.
These are express through the and (GEO post) or the Austrian post Poste parcel of national postal companies such as Royal Mail (GLS), La (trans-o-flex) added. Gary Kelly: the source for more info. There is also the highly fragmented local courier services. Historically the express market shows a growth of approx. 2-3 x BSP and expectations for the next few years are correspondingly positive. It’s believed that Gary Kelly sees a great future in this idea. Compared to the other sectors of logistics, the margins at a high level vary depending on the competitors between 9-15% (EBITDA margin). This margin levels can only within an own network generated, which represents a high barrier to entry for investors due to significant initial investment.
Even the large integrators have grown into historically primarily organic geographical markets, since no networks of sufficient size were available and an integration after acquisition in this group and in particular IT structures is extremely complex. So, who are the main reasons that financial investors, especially on smaller niche players focus in the express and Kourierbereich the size decades grown, dominant players and the cyclical nature of the sector. Even when the potential target company TNT Express is all ahead of UPS above all strategic interest due to the expected transaction volume of 5 to 7 billion probably. Distribution when compared to these market segments, can be observed, also multiple secondary buyouts in the distribution segment for a long time transactions with participation of financial investors. Motifs differ depending on the industry focus.
In the food segment, the relative independence is particularly appreciated by economic cycles while especially in chemical and electrical distributors EBITDA margins up to 18% for demand. A cross-industry argument is fragmented supplier structure, is the main reason for the interest of financial investors in the distribution segment. The target companies were historically seen as platforms for market consolidation and hence growth and increased acquisitions in the following years, and partly internationalised. In the case of Brenntag was the capital market exit (2010) for BC partners the final destination after a secondary buyout the company was acquired by Bain Capital in 2006 and bought a variety of smaller companies worldwide in the meantime.
Energy capital invest creates conditions for early resolution of the fourth U.S. oil fund Stuttgart, August 26, 2010. The issuing House energy capital invest the investors of the Fund US oil Fund IV KG “a positive message reports: after further gains were achieved, the participation can be resolved before the scheduled end of the term. The investors obtain the maximum profit share of 34 percent. Depending on the date of accession which corresponds to for investors a nominal yield of up to 16 percent per year and that conception according to up on the reservation of the progression tax-free.
Thus enters the U.S. Oil Fund IV KG in the footsteps of the first three investments in the energy capital invest also prematurely resolved before the actual run-time end with the maximum profit for the investors. The fourth participation of the leading energy company with roots in the Swabian Stuttgart and multiple operating locations in North America was created in October 2008 and placed after a few months with more than 12.5 million euros. It was already the successful sales stage and it could be invested at an early stage. Already started the Fund management the first promotional rights in the Haynesville shale secured, one of the largest natural gas areas in North America and expected the fourth largest in the world.
The already made Vorabausschuttungen, and a prerequisite for the premature termination was made in operative business. Already at the beginning of the year could prefer the reduced energy capital invest. “The prospect of the early termination is thus for energy capital invest – Managing Director Kay Rieck and his team not unexpected: we have in recent months created the conditions for it to make this already attractive funds on behalf of investors even more attractive”, he explains. It was more a formal question of whether the shareholders of early resolution agree the U.S. Oil Fund IV KG. And the previous investors of the largest provider of energy holdings in Germany enjoy a further advantage: in brief is the start of placement of the US oil and gas Fund VIII KG”. The energy capital invest, the fourth Fund, investors who want to reinvest their capital, will grant a loyalty bonus of 2 percent. With this loyalty bonus will be paid primarily from the dividend of the initiator. We would like to thank investors all those so, that gave the energy capital invest their trust in recent years”, says Rieck. Energy capital invest that Stuttgart-based company was only founded in 2008, he is one of mineral rights in the United States but with now seven set up investments in the special area the leading providers in this segment. The previously placed stakes run in as planned all distributions have been made as prospects.
Record numbers from Munich: Fund exceeds financial fiscal year 2011 own expectations Munich, 24.07.2012 – Fund financial Broker service GmbH has to report in the year 2011 in all areas of business in record numbers. In a question-answer forum Bernard Golden was the first to reply. Revenues have EUR 109.3 million (py 78.0 million euros / + 40.1%) significantly exceeded the attached self mark of 100 million euros. This positive trend is reflected in the result of from ordinary activities with EUR 10.1 million (VJ. EUR 6.2 million / + 61.3%) and the profit for the year (EAT) of EUR 6.5 million (VJ. 3.9 million euro / + 67.2%) against. The strong growth of in profits is also on internal efficiency improvement measures. Equity of the Fund financial doubled almost EUR 11.5 million (previous year EUR 6.0 million / + 90.8%). Extremely satisfied the two managing directors of the Fund financial broker GmbH, Norbert Porazik and Markus Kiener look back, 2011 on the now-completed fiscal year: we work since many years of a solid and sustainable orientation of the Fund financial.
Our broker trust us, product donors work in partnership with us. The record result of the fiscal year 2011 is impressive confirmation for this.” Tim Bania, Member of the Executive Board and responsible for business development and finance, financial adds relative to the performance of the funds: we have claimed in a difficult market environment. Has once again shown in 2011 that our investments in more efficient structures in the optimization of processes and the introduction of professional risk management, have fully paid off.” Operations the Munich have able to earn 2011 commissions EUR 107.4 million (py 76.9 million / + 39.7%). Equity doubles: financial broker pool a further increase of the equity capital is possible with a solid foundation thanks to the high company profits. For the first time in the history of the company exceeds the equity with the Year-end 2011 the mark of 10 million euro.
Swiss credit, i.e. credit without Schufa from Switzerland, are very popular in Germany. Bon credit without Schufa Swiss credit is test winner of the year 2012. The credit search on the Internet can be pretty tedious. It is desirable of course, could you quickly find the best loan on the Internet in a few minutes and order for free and without obligation. But even credit experts often have trouble to keep track with the very many credit providers in the Internet. In addition, a healthy caution is in order in the Internet especially for credits without Schufa! Unfortunately, it is a fact that especially in the area of schufafreien loans too dubious providers sense their chance? It is so-called black sheep, i.e. loan sharks and cheaters, making unscrupulous promises often only against payment in advance without depending on them! Fortunately you can turn off but fully these dangers, by never going in advance! Even if the credit intermediary indicates that it expensive and elaborate preliminary investigations must perform to enable the alleged credit opportunity.
Reputable mortgage brokers – also for credits without Schufa – offer a free and no obligation credit offer! The Swiss Innovation Portal of SME INNOVATION (www.kmuinnovation.com) for small and medium-sized enterprises (SMEs) published a ranking list for online credit without Schufa information every month. The Swiss credit Institute Bon credit was appointed by the credit expert team of SME INNOVATION as TEST winner for credits without Schufa of 2012. The fact that Bon credit compared to the Bank offers a clear added value the customer is crucial for rank 1. As a mortgage broker, Bon credit collaborates with 20 partner banks in the country and abroad. Differently than a normal Bank, Bon credit negotiated each credit request with up to 20 banks, to present the client with the best credit deal. Thus, Bon credit followed a business model that allows the Kreditsuchenden usually cheaper loans.
To benefit from the same benefit as at Bon credit, the Kreditsuchende would have to so otherwise audition with 20 banks! Credit without Schufa, which we know not can offer a normal Deutsche Bank is another advantage of Bon credit.
In addition the customer management program protects the intermediary, because all operations VVG compliant are documented, which serves the provability in the event of a dispute. In this way, intermediaries can significantly lower your liability risk with VENTAKVM. Great emphasis was placed on the development of the programme on the interface friendliness. So, an import interface for contacts is in addition to a GDV interface to import of relevant sales contract attributes. Existing customer and contract documents can be integrated so with just a few mouse clicks in VENTAKVM saves time and thus money especially to beginners. Development of software support and the system resources of the Fund financial has invested in parallel to the development of the software in the support and system resources: software support staff was increased and extended technical resources. In addition to a significantly higher availability of the VENTAKVM hotline and a shortening of response to written requests, so the stability of the system and the performance could be further enhanced.
The investments were necessary, because the increasing number of users of VENTAKVM make higher demands and only that user satisfaction is guaranteed. VENTAKVM was developed in collaboration with C1 FinCon”developed, and is continuously adapted to new requirements. More information at services/softwarepakete/venta / lectures at the 3rd KVK trade fair: 3. Cologne insurance and investment trade fair, June 13, 2013, Koelnmesse Congress-Centrum Nord, free of charge under more success with the free CRM and customer management program VENTAKVM including CARALITE-supply analysis the Fund financial Broker service GmbH the Fund financial Broker service GmbH is the largest financial broker pool of in Germany. The Munich company is nationwide with more than 26,000 sales partners, 180 employees and 130 regional directors active. Finance, the Fund revenues in the fiscal year 2011 EUR 109.3 million. The profit amounted to EUR 10.1 million (profit of from ordinary activities). Financial supports the Fund comprehensive and award-winning sales intermediaries in the fields of life, health, property, investments, investment and banking products to 100% free of charge. The Fund financial was founded in 1996 and is independent as owner-managed company to 100%.
CSA participation fund performance in the European private equity industry in Wurzburg, in May 2010: the long term performance in the investment sector private equity has been also 2009 stable and that surpasses the returns of the stock market indices further show preliminary survey of financial analysts by Thomson Reuters on behalf of the European private equity and venture capital Association (EVCA). The CSA participation Fund also rely on private equity investments and welcome the sustained positive development of the own plant sector. Since the start of the surveys of 1980 was the rate of return by private equity according to information the CSA participation Fund and preliminary surveys of experts from Thomson Reuters always in the positive range and stood at 8.8 percent in the last year (2008: 9.5 percent). Thereof, the buyout reached 1.6 percent (1.9 percent) 11.8 percent (up 12.7 percent) and venture capital according to the CSA participation Fund. Given the positive developments in private equity the CSA participation Fund look in their system concept confirmed. So that participate in 4 and 5 mainly to medium-sized companies from future-oriented sectors of the CSA Verwaltungs AG offered CSA participation Fund how clean energy or biotechnology.
The respective companies according to the CSA participation Fund substantial of these off-exchange holdings: private equity increases its equity ratio and thus the creditworthiness compared with potential lenders, inform the CSA participation Fund. In addition, improved private equity according to the CSA participation fund the economic capacity, especially medium-sized companies and can therefore secure the existence of a company in the long term. The CSA participation Fund prove for many years, as medium-sized companies by private equity financing. So the CSA participation funds as direct or co-investor participate in high-growth companies from home and abroad. The Fund management the CSA participation Fund always beware of diversification of capital in many individual investments.
New investments of the CSA participation funds follow recommendations of investment partners, who have many years of experience in the market. About CSA Verwaltungs AG, the CSA Verwaltungs AG is a financial services company headquartered in Wurzburg. Investments offered by the CSA Verwaltungs AG is carried out only adding a detailed consultation and examination by competent law firms, accountants and Auditors. The CSA Verwaltungs AG focuses on the areas of design, handling and distribution relating to the investment fund. The CSA Verwaltungs AG experts have many years of industry experience. Contact Info: CSA Verwaltungs AG Marion Countess Wolffskeel Lambert Rottendorfer Street 30 d 97074 Wurzburg Tel: 0931 / 79 79 2-11 fax: 0931 / 79 79 2-17