Bruce Levenson Wants Settlement For AIG Policy Dispute

Bruce Levenson has reaped the profits of his $850 million sale of the Atlanta Hawks, a deal that was reached in 2015 to transfer ownership to Tony Ressler and Company. Levenson owned most of the Atlanta Hawks’ shares along with Atlanta Spirit, LLC from 2004 to 2015 and also served on the NBA’s Board of Governors. Though the sale went through, Levenson ran into difficulty with his former insurance company, AIG. He and the other former owners opted to buyout then General Manager Danny Ferry’s contract, and both parties had filed a claim with AIG to cover losses. But AIG has halted any payments and Levenson’s group has filed a lawsuit for bad faith insurance and are now involved in a lengthy court case.

Levenson not only formerly owned the Atlanta Hawks, he also build a mass communications company in United Communications Group (UCG). Levenson holds a bachelor’s degree in journalism from Washington University, and while taking courses at American University’s law school he started writing at the Washington Star. In 1977 he began his own newsletter with Ed Peskowitz titled Oil Express, and soon that newsletter grew into a major conglomerate covering developments in energy, technology, healthcare, banking and education. UCG founded technology research company TechTarget, which soon became a publicly-traded company, and they later founded the GasBuddy app. Reference: brucelevenson.com

Levenson is a member of several Jewish American foundations such as BBYO, SEED Foundation and Birthright Israel. Not long ago he joined a group of Jewish leaders that asked Israeli Prime Minister Benjamin Netanyahu to discuss peace measures with US Secretary of State John Kerry. He also has supported the Holocaust Memorial Museum and took the Atlanta Hawks team to visit the museum and to hear his mother-in-law’s story of survival. Levenson also helped raise funds for inner city students through Hoop Dreams, a downtown Washington D.C. basketball tournament. Read More on http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html.

 

A Look Into The Contribution Of Mike Baur Towards Nurturing Entrepreneurs

Entrepreneurs in Switzerland have been looking for a platform on which they can launch their ideas and execute processes that are aimed at promoting the growth of businesses and this is exactly what Mike Baur has come up with. Through the Swiss Startup Factory, Mike Baur is offering entrepreneurs a chance to enjoy nurturing their ideas into strong businesses.

 

Established in 2014, the Swiss Startup Factory has come out as a great avenue through which talented startups can push their ideas further to the achievement of success. The platform offers a three months incubation program that aims to support upcoming entrepreneurs to manage their ideas and push for growth. It currently stands out as the best accelerator program in the country and since inception it has supported over 50 startups that are now competing well.

 

Market research

Before getting into any market, it is advisable to first research to understand the barriers and benefits that one can get. This is one of the things the Swiss Startup Factory offers to the upcoming startups to help them grown and attain international status.

 

The research team that is put in place to handle the market evaluation role offers guidelines that help the startups to prepare to face the market because different variables can limit the performance of a business if not taken care of. The Swiss Startup Factory has advanced tools that make the research work easy and the team that executes this role is trained and skilled on matters entrepreneurship.

 

Product development

Developing a product to match with the expectation of the market goes beyond having the concept. This is a stage that requires a lot of creativity and research to reveal what others in the market are doing to earn the attention of customers. When designing a product, it is vital to factor in the psychological aspect as well as how useful it will be to a section of the audience. Most startups fail at this point despite having strong ideas, so the Swiss Startup Factory is offering support that will ensure no such losses are incurred.

 

About Mike Baur

Born in Fribourg, Mike is an enthusiastic entrepreneur who holds passion for business. He has managed to launch several ideas and one of the most outstanding accomplishments he made is launching the Swiss Startup Factory. Through the Swiss Startup Factory, he is supporting talented startups to locate their way around entrepreneurship. To serve his passion, he left banking to embrace venture capitalism in 2014.

Adam Goldenberg: A Successful Entrepreneur Since His Teens

Adam Goldenberg was an entrepreneur while he was still in middle school, after he got his bat mitzvah money. He used it to start an online business. While his first enterprise was a bulletin, the website later became used to advertise gaming. He worked hard to make this new website successful, and it worked out great for him. He named his website Gamer’s Alliance, and it began to get a sizable volume of traffic, including very high profile visitors.

His Career With Intermix Media:

A highly successful corporation, called Intermix Media, noticed his website. They were so impressed by it that they began to consider hiring him, despite the fact that he was only seventeen years old at the time. It took a while for them to make this decision, but when the young Adam Goldenberg was only 19 years old, he became COO of the company. While he was at the company, Adam Goldenberg was an important part of Intermix. In fact, he founded a new branch of the company, called Alena Media. While he worked for Intermix, he also formed one of his most important business partnerships with Don Ressler.

Unfortunately, things with Intermix changed over the course of time in a way that caused it to be in both Goldenberg and Ressler’s better interests to leave the company, and look for other work. When they left the company, Goldenberg, Ressler, and other former employees of the company began working together to come up with ideas. Fairly quickly, they came up with the idea to start the corporation that later spawned JustFab on builtinla.com. JustFab is still thriving, and the company continues to grow. There are currently four branches of this company. FabKids, ShoeDazzle, FL2, and Fabletics are all part of the company.

The Founding Of Fabletics:

Recently, Kate Hudson helped to found a new branch of JustFab, called Fabletics, and she worked closely with Adam Goldenberg and Don Ressler to do so. This new clothing company allows people to subscribe to a clothing of the month club for a low price. It’s $49.95 to become a member of her club, and they offer clothing for reasonable prices in their stores. Fabletics has been exceptionally profitable for Kate Hudson, Adam Goldenberg, and Don Ressler. Source: http://www.fabletics.com/about

Eric Pulier is one of the Brightest Minds in United States

Eric Pulier is the man who has established or co-established over 20 early and seed-stage ventures and is most particularly regarded as the man who can turn a small idea into a fully-fledged company with billions of capital to work with.

He is the co-founder of ServiceMesh Inc., chairman and Chief Executive Officer of Computer Science Corporation (CSC), company that offer IT as a service from external and internal providers. He served as an executive officer in a number of other companies including SOA software, AppSense, Exist Corporation, Gluecode Inc., Santa Monica Media Corporation and ARTISTdirect Inc.

He has been a pioneer of digital and software interactive industries for the last 20 years. He has established a string of companies in this industry such as Interactive Video Technology (IVT), Desktone, SOA Software, US Interactive Inc., and CTM center for Telecom Management. Eric Pulier is therefore regarded as the most successful entrepreneurs of all time both in enterprise and government technology. He was nominated as one of the 30 e-visionary entrepreneurs by VAR Business, the company that add services or features to present products, then resell them.

Eric Pulier is not only regarded as the entrepreneur of all time, but is similarly a respected and esteemed author writing a couple of books and articles like for instance ‘Understanding Enterprise SOA’, a note book that granted him prestigious library accolades in the field of business. He has also written a countless number of articles published and archived in the Harvard Crimson. Most of his works touches on services-oriented architecture. He is a social public speaker and is particularly invited at technology conferences around the globe to inspire and teach people how to use technology solutions at healthcare, educational and business institutions.

Eric Pulier earned his Bachelor’s Degree in Business Administration from the University of Harvard. He is a fierce supporter of Clinton’s political initiatives, the latest of which is the Clinton Global Initiative. He has supported several charity organizations and foundations including the Painted Turtle, the X-Prize Foundation and many other philanthropic activities.

To gather more information about Eric Pulier and all his career and philanthropic achievements, you can follow him on Twitter.

The Enduring Legacy of Stephen Murray

Stephen Murray private equity firm, CCMP Capital Advisors, in 1989. For the next nearly two decades he led the company in various mergers that made it bigger and stronger. The former CEO died on March 12, 2015 at 52-years-of-age. After being in the leader’s position for well over 20 years, he resigned his position last month, citing health reasons.

Immediately after his departure, acting Chairman Greg Brenneman assumed the position. Soon after Murray’s death, on behalf of the firm Brenneman expressed deepest condolences to the family.  CCMP is a firm that specializes on buyout and growth equity transactions.

And with Stephen Murray at the helm, it was extremely successful at this. In the past decade, it has been in the management of two multibillion-dollar funds. Murray began his rise to success as a student at Boston College, where he earned a degree in Economics in 1984. He then attended Columbia Business School, where he earned an MA in business administration in 1989.

That same year he joined the team of the MH Equity Corporation. Over the next decade MH went through several different mergers – read more: West Village Townhouse for $17 Million.   In 2005, he was named head of a buyout business of JP Morgan Partners. It was under the umbrella of JP Morgan that Murray co-founded CCMP Capital. He became its CEO in 2007.

During his time in the private equity industry, he has also been a board member on such big companies as Aramark, Generac Power Systems, AMC Entertainment, Warner Chilcott, The Vitamin Shoppe, Cabela’s, Pinnacle Foods, and Legacy Hospital Partners.

He has also supported and continues to support various charities such as the Make-A-Wish Foundation, Boston College, The Food Bank, Stamford Museum, and Columbia Business School. Read more: 5 Questions with Stephen Murray, CEO of CCMP Capital

He not only gives financially these things, but he on the board of trustees at Boston College and the chairman’s council at Make a Wish Foundation of Metro New York.

Learn more about Stephen Murray CCMP:

http://heroesofthepacific.com/2016/02/a-history-of-ccmp-capital-and-its-founding-ceo-stephen-murray/
http://ryvoice.org/stephen-murray-and-ccmp-capital/

Sanjay Shah’s New Moves With Autism Rocks Foundation

Sanjay Shah, a retired director of Solo Capital, has decided to add new trustees in the team of Autism Rocks board members. The trustees named Pete Best and Willy Best are brothers and Sanjay has known them since back in the university. Sanjay sees them as the best thing happening to autism rocks because they will bring new insights and ideas to the board membership team especially in pursuing both long term and short term goals of autism rocks foundation. Pete is experienced in financial investment and has been in the field for 21 years; Will has been in the music career since university days and makes a great events and concerts and organizer.

Shah says the two will be involved in major decisions of the board, especially in matters relating to finance decisions like the Autism Rocks Trust Fund and the major research centers to fund all over the world. From a release through PR News Wire, Sanjay is happy to have the two brothers in Autism Rocks Foundation. Sanjay retired from Solo Capital Limited to focus more on Autism Rocks Foundation. His reason for retiring is that solo capital has achieved stability, and he is also not a fun of full-time office work. Sanjay founded Solo Capital as his first company in 2009 after being laid off his job due to the then European economic crises. He also owns three dozen companies in the United Kingdom, Dubai, The British Virgin Islands and the Cayman Islands.

Solo Capital is a boutique of financial investment located in the United Kingdom but withholding in Dubai. It has been in operation for five years and was incorporated as a private limited company in 2011. Solo Capital has three directors in operation and works in a team of 18 partners who share profits through dividends. Solo capital services are majorly financial assistance to investors; they include consultancy services, proprietary trading, financial advice and foreign exchange investment assistance. Solo Capital employees are in particular experts in betting with the European foreign exchange market. They never go wrong with the stock market trading; Sanjay founded Solo Capital with the assistance of a couple of university graduates, but it has grown to employ 20-49 employees.

James Dondero and Terry Jones Team Up

Highland Capital Management, the Dallas-based investment firm, has been in the news a lot lately. James Dondero, the president and co-founder of Highland Capital, has been busy working with the new Argentine government. At the end of 2014, Highland Capital invested $4 billion in Argentina debt bonds, and this year Dondero wants to buy more bonds as soon as they become available. Thanks to a new President, Argentina is offering $12 billion in debt bonds to investors and Highland Capital wants to be one of the investors that buys a sizable chunk of those bonds. Dondero has also been busy reinforcing Highland Capital’s executive team. James recently named Terry Jones President of the Institutional Products division of Highland Capital.

Terry Jones is well-equipped to handle the job. He is a graduate of Columbia College and Columbia’s School of Business, plus he cut his teeth in the investment world working for Goldman Sachs. Jones started his own investment business, Battersby Capital Management, and he served on the board of Genworth Life Insurance Company of New York. Jones was also a Lead Director of the Highland Funds before becoming a full-time employee of Highland Capital Management.

James Dondero said Jones will be responsible for helping clients understand the risks and opportunities that present themselves in the investment market every day. Investing in emerging markets as well as foreign stock markets is not as easy as it was five years ago, so Highland Capital clients need someone with the knowledge and the expertise to guide them through the maze of risks that present themselves. Those risks can appear without notice, and Jones will be the guy that will help manage situations that could be devastating for investors that lack the experience in certain investment areas.

Highland Capital Management is considered one of the hedge fund investment firms that specializes in distressed and special situation private equity, credit hedge funds, long only funds, collateralized loan obligations, and separate accounts. Jim Dondero said Highland Capital also offers alternative investments like long/short equities and emerging markets. Dondero also said Highland Capital’s diversified client base includes foundations, public pension plans, endowments, financial institutions, corporations, governments, and high net-worth individuals. Highland Capital Management has offices in Seoul, New York, Singapore and Sao Paulo, but the main office is Dallas. Mr. Jones will be based in Dallas. Watch James’s YouTube Video below!

Follow James Dondero on Twitter today!

Entrepreneur, Bernardo Chua Promotes Holton Buggs to Chief Visionary Officer

Former Distributor and Sales Executive, Holton Buggs was promoted to Chief Visionary Officer in February 2016, announced by Bernardo Chua on YouTube. The new position entails visualization of international markets for present and future company development. Organo Gold is a direct selling company, headquartered in Vancouver, British Columbia. Bernardo founded Organo in 2008, which was a small company in the Philippines, his birthplace. By 2010, the direct selling business had grown immensely, requiring intercontinental expansion. Holton Buggs is able to contribute his distributor marketing skills, experience developing sales systems, and conception of future growth.

Buggs joined the Organo Distributor Team during the same year the company experienced fast growth. At that time, Holton possessed 19 years of expertise in network marketing. While a Distributor, his accomplishments included effective sales systems development and distribution organization. Bernardo Chua assures Holton Buggs is the impeccable executive to hold the Chief Visionary Officer position. He has seen the vision of Buggs in work ethnics and success, which inspired him to promote the former sales executive.

For six years, Holton worked faithfully as one of the Distributors for Organo Gold. Chua said that Buggs is now competent to control and apply his sales strengths, professional expertise, and vision, thereby taking the company to greater heights. Buggs built a trustworthy reputation within the Organo organization. He is well respected by Organo Distributors and Executives around the world.

Bernardo Chua had a vision in 2008 to share the beneficial news and information about ancient Chinese herb, ganoderma, a type of mushroom that grows on trees. For four millennials, the properties in the mushroom were used for curing and preventing diseases. Asian physicians and cultures around the world believe the herb is able to promote good health. Chua certainly believes there are benefits consuming the properties in Organo tea and coffee products. His assumption is based on facts pertaining to his culture and longtime consumption of ganoderma for various treatments.

The vision of Organo became reality with its vast growth of Distributors the first two years of registering the company. It was brilliant accomplishments of Bernardo Chua that inspired over one million Distributors globally to join the team. Two years after the company was founded, Holton Buggs became an Independent Distributor at Organo Gold. He continues to strive for success and reach the top of the executive hierarchy. Buggs officially accepted the promotion to Chief Visionary Officer on the 20th of February 2016.  Now Bernardo Chua has seen them win many awards.  Definitely check out the ZoomInfo page for Bernardo which has a lot more information.

James Dondero to help Offset Argentina’s Debt

The plans of Highland Capital Management to invest in the Argentina’s bond market is a good sign for the country as it makes attempts to sell an exceptional debt amount in order to repay its creditors. Dondero said that they were planning to hold whatever they had in the original bonds, but were also looking forward to purchase some new issuance. James Dondero also added that they were optimistic on where Argentina is most likely to price the debt and the place it is likely to trade, especially in comparison to the other Latin American countries.

While presenting a debt bill meant to pave way for a deal to entities with most holdouts, officials from the finance ministry told Congress that the country has planned to issue about $11.68 billion in bonds that are expected to yield 8 percent by mid-April. The finance secretary, Luis Caputo added that they will be selling three types of bonds that will mature in 5, 10 and 30 years. The government will issue the debt under the New York law and it expects the yields to fall up to 6 percent in the near future on the ratings upgrades and on boosting the outlooks for the nation’s monetary and fiscal situation.

Highland is expected to gain massively when the US court lifts the ban that prevents the country from paying the restructured debt. June 2014, was when the fund bought the 2033 bonds while they were trading in mid-70s. Jim highlighted that his company, Highland Capital, has gained annualized returns on the Argentina’s bonds of up to 20 percent as from June 2014. This will help to offset losses that were incurred by the energy sector. Data compiled by the JP Morgan shows that this compares with an average return of 3.3 percent for the emerging market debt over the same duration.

Mr. Dondero is pursuing investment opportunities beyond sovereign debt and may look forward to begin an Argentina fund. Just like Highland, others who are holding the defaulted debt of the country are likely to make investment in Argentina once they are paid.

About James Dondero

James Dondero has an over 30 year experience in credit markets. This makes him to effectively oversee all the investment strategies for the Highland Capital Management. HCM is one of the largest and most experienced alternative credit managers in the world.

James serves on various boards that include American Banknote Corporation and MGM Studios. In addition to the NexBank, Jim also acts as the chairman of Board of Directors for the CCS Medical and Cornerstone Healthcare.

This article recapped http://www.bloomberg.com/news/articles/2016-03-08/argentina-luring-highland-shows-distressed-bond-buyers-to-stay

James Dondero: Credit and Equity Markets Expert

James Dondero, the founder, and president of the Highland Capital Management (HCM) has over 30 years’ experience in credit and stock markets. He studied at the University of Virginia and was bestowed a degree in Accounting and Finance after topping his class. He worked for the Morgan Guaranty a training program in 1984 before joining GIC. In the GIC, he was the chief investment officer, and he started the Protective Life a subsidiary that realized a growth of over $2 billion between 1989 and 1993. Jim has also worked for the American Express as a portfolio manager and as the corporate bond analyst.

Jim’s position as the president of HCM ensures that there is order within he entity and that transactions are carried out in a transparent manner. The firm’s main specialty is in Credit strategies that include the credit hedge fund, separate accounts, long-only funds and centralized loan obligations. Highland Capital Management has its capital in Dallas, Texas, and offices in Seoul, New York, Singapore and in Sao Paulo. It works under the “owner-operator” mindset where the employees also take part in decision making as they are partly owners. The transactions carried out by the entity only focus on aligned interests and utilize cheque and balances to help moderate risks and instability.
The latest report filed on 3rd February; 2016 indicate that the HCM has a portfolio worth of $3.24 billion. This quarterly 13F only shows the assets that are in the United States and they add up to 22.73% of total assets owned by the company. According to the quarterly, the fund has 12% in the energy sector and 10% in consumer discretionary sector. Resources for Information technology were added from 16% to 18% for $615 million, and finance was also boosted by 18% for about $615.40.
The top holdings according to the report are the Ishares Tr (IWM), Salesforce Inc. (CRM) and the American Airls Inc (AAL). The three make up to 13.59% of HCM’s securities present in the United States. The report also shows that Highland also increased its stakes in the AAl by $204.25 million and in the Patterson Company (PDCO) by 16 %. Others that showed a positive trend are the Corning Inc., Kinder Morgan Inc., and the Salesforce Inc. by 18%. Stocks were also sold by the company for instance in the Nexpoint Cr Strategies, Envision Healthcare, and many others so as to add either value, momentum or to secure a right place for HCM. For more information on quarterlies click here.