Category Archives: Business

Financial Updates

Last year, 2014, when Forbes ranked the top 400 richest people in the United States, of course, Ken Griffin was on that list. Griffin ranked 103rd in 2013 on this list of wealthy billionaires and climbing. Last year, his net worth was at $5.5 Billion, so he has added a couple of bucks to that pot of gold over the last year.

Ken Griffin on insidermonkey, Founder and CEO of Citadel LLC, one of the largest and most successful hedge fund companies in the world. Griffin said in an interview, September 7, 2015, “fixed income investments will suffer if global economies start to accelerate in 2015 and monetary policy is tightened.” He said this during an exclusive interview this week with The Korea Economic Daily. Griffin also recommends that long-term investors could look at blue chip companies in Europe, Asia, and America that show shareholder friendly activities.

Griffin goes on to explain that although the economy in the US is doing well, the rate of unemployment has decreased to the point where the interest rates will start to increase. When asked how Griffin saw the global economy, he commented as best he could saying that the world economies are performing the best that could be, considering they perform differently from one continent to the next. Europe continues to struggle following the 2008 financial crisis. Investors are still feeling the after-effects of the 2008 crisis and are anxious for the economy to grow. Investors should concentrate on where they can invest capital that would generate a healthy future on returns over time. Thus differentiating between trading and investing is essential.

Aside from Kenneth Griffin’s financial stardom, he is far from not sharing his wealth. He is very involved in the education programs in Chicago. He generously contributes to the University of Chicago, Lurie Children’s Hospital and the Art Institute. Serves on the Board of Directors of the Chicago Public Education Fund, and personally donated $150M to enriching the lives of others. This does not include the donations of Citadel itself.

Citadel’s 25th Anniversary in business with Griffin at the steering wheel is gratifying to investors. With his confidence in the world markets and his insight into the future of these markets, we should be steadily returning to a confident place financially over time. We should hope that others are adhering to his advice.

When asked if he would ever consider running for Governor of Chicago, he responded without hesitation “no”. He enjoys his investment world and has no plans to jump into the political arena. He probably feels his plans for Citadel are not complete. He has been thinking of taking Citadel public. Nothing firm yet, but he is seriously considering this move for the company. As soon as he feels the time is right, we should not be surprised to see a public notice announcing Kenneth Griffin is taking Citadel Public.

The future looks bright for Kenneth Griffin, Citadel, and the future of one of the largest hedge fund companies in the world.

The Profile of Fersen Lambranho

With the increase in international trade, entrepreneurs are coming up with different innovative products and services in the market. Further, technology has connected different parts of the globe besides increasing human’s discovery potentials. New fields of engineering and technology have led to the creation of innovative solutions to the various problems that affect the masses. Engineers are highly educated individuals having creative knowledge in fixing different mechanical faults and designing top-notch infrastructures like roads, rails, vehicles and electronic gadgets. With a rise of new demands for solutions to engineering problems, new careers in engineering are seeing young people come up with different ideas that will be used in providing answers to future engineering challenges.
Fersen Lambranho
Combination of different skills helps in broadening one’s vision. Fersen Lambranho is a Brazilian national born in 1961. He is an alumnus of the Universidade Federal do Rio de Janeior (UFRJ) where he studied for his undergraduate degree in civil engineering. He later on attended the Instituto de Pos Graduacao e Pesquisa em Administracao to study for his masters in business administration. Combination of engineering and business has been quite helpful as he has been able to hold various managerial positions in different organizations. He participated at the Owner President Management Program and successfully completed the program from the prestigious Harvard Business School.
Fersen has worked for the Lojas Americanas SA as the chief executive officer. He rendered his services for the company for 12 years. During his 12-year stint at the company he climbed through the corporate ladder and between 1998 and 2003, Fersen served as the director of the Lojas Company. Owing to his vast experience, he has been entrusted in holding board positions in different organizations. Fersen has been a director of Gafisa S.A, Tele Norte Leste Participacoes Shoptime,, Playcenter and ABC Supermercados S.A. Other companies that have enjoyed his leadership are BR Properties, Laboratorio Americano de Farmacoterapia S.A, and Sao Carlos Empreendimentos e Participacoes.
Fersen Lambranho

Fersen has a vast wealth of experience spanning over 20 years. His experience in management has seen him sit in the board of diverse companies that deal in financial management, mining industry, real estate business and retail industries. He has served as the Chairman of Oi and Contax boards respectively. His immense wealth of knowledge in engineering and entrepreneurship saw him start GP investments in 1998 and a year later, became its managing director. Together with his partner, Antonio Bonchristiano, they acquired 100% of the assets of GP investments.
Fersen Lambranho
The entity engages in sourcing for private equity and it is slowly focusing on infrastructure and real estate business.
Having a broad understanding in engineering and entrepreneurship has added advantages to an individual. Fersen Lambranho is an engineer and entrepreneur based in Brazil. He has been on the board of different companies and currently serves as the Chairman of the board of GP Investments.

Top Wealthy and Most Influential Owners of the NBA Team

The average worth of an NBA team is currently $634 million, which is 25 percent higher than what it was last year, 2014. As expected, this means that any individual who owns an NBA team is a very wealthy person. It is no surprise that it takes a lot of money to be able to own an NBA team. Today, it is in fact even more complicated than before as billionaires have more than two third stakes in the NBA team’s ownership.

Many basketball fans say Bruce Levenson is a legendary in the sports industry given his contribution in the management of the sports and financial worth. Levenson is a businessperson and the former NBA team owner of Atlanta Hawks. He relinquished the position when the ownership of the team agreed and finalized the sale of the NBA to a team led by Antony Ressler, a billionaire investor and equity fund manager.

In October 2014, Bruce Levenson hired bankers Goldman Sachs and Inner Circle Sports to help him sell the team, and they did so but were off by 27 percent. Gold Sachs had convinced Bruce Levenson that he could get at least one billion dollars in the sale of the team and its arena operating rights. However, the group led by Antony Ressler won the bid with a $730 Million bid. They used cash and assumption of debt to finance the sale. After the departure of Bruce from the list of NBA owners, the team has retained its good reputation in the sports fraternity due to the effort of the remaining owners who are also billionaires.

Paul Allen, one the remaining owners of the team, according to credible sources is currently worth $15.8 Billion. This makes him the wealthiest NBA team owner. Allen owns Portland Trail Blazers, a professional basketball team based in Portland, Oregon and play in the Northwest division of Western Conference in the NBA. The billionaire is also the Microsoft Co-founder and owns the NFL’s Seattle and partially the Seattle’s Sounders, which is the most valuable team in Major League Soccer.

Mikhail Prokhorov who is one of the richest men in Russia is another influential top owner of the team and is valued at $13 Billion. He owns the Brooklyn Nets a team based in New York and competes in the NBA as a member of the Atlantic Division Eastern Conference. Mikhail helped in the moving of Brooklyn Nets from New Jersey to Brooklyn during the 2012-13 seasons.

Phillip Anschutz is also incredibly influential. He is another owner of the team and is valued at $10.3 Billion and is the owner of Los Angeles Lakers, an NBA team that is based in Los Angeles California. Los Angeles Lakers compete in the NBA as members of the Pacific Division western conference.

Phillip Anschutz has an Empire named AEG, and through this empire, Phillip shares ownership of Lakers with the Family of Jerry Buss. Billionaire Anschutz is also the owner of NHL’s Los Angeles Kings. Anschutz has also had ownership stakes in six different MLS teams since the beginning of the league back in 1966