The News Review:
- Heed warning flags when investing
- Tufts Lost $20 Million by Investing in Madoff Fund
- Experts advise on beefing up cross-Straits two-way investment
Heed warning flags when investing
MiamiHerald.com FL
Being a Madoff investor was like belonging to the best club. Not everyone got in. Investing with Madoff was by invitation only and his list of investors gave him even more credibility. For most just the invitation alone was enough due diligence. In essence this exclusive club atmosphere was a great marketing ploy to prey on the wealthy. 4: Be wary of taking investment advice from someone just because he’s rich connected or related and you think he knows what he’s doing.
Tufts Lost $20 Million by Investing in Madoff Fund
Bloomberg
Schools including Yeshiva University in New York havesaid they are victims of Madoff?s alleged $50 billion fraud. Yeshiva this week said it lost about $110 million in investmentstied to Madoff. ?You have my word that we will look closely at ourexperience in this case so that we can strengthen our investmentprocess for the future? Bacow wrote in the letter. All the money lost by Tufts and most lost by Yeshiva wasinvested through funds controlled by. Merkin a Yeshiva trustee and chairman of its investmentcommittee resigned from both university posts on Dec.
Experts advise on beefing up cross-Straits two-way investment
Xinhua China
21 (Xinhua) — Experts from across the Taiwan Straits on Sunday discussed boosting cross-Straits mutual investment and gave their advice on mainland companies investing in Taiwan. Cross-Straits investment has been one-way from Taiwan to the mainland in the past 20-strong years due to restrictions from Taiwan Li Fei deputy director with the Taiwan Studies Center of the Xiamen University said at the ongoing 4th Cross-Straits Economic Trade and Cultural Forum here. The one-way flow of capital was not conducive to the healthy development of cross-Straits trade and economic ties or that of the Taiwan economy Li said noting that the island need new investment to help ease the current difficulties of decreased investment and the rising jobless rate brought about by the global financial crisis. He observed that under such circumstances “mainland investment to Taiwan” has become an inevitable trend but cautioned mainland companies to be careful in the means and fields of investment in view of the complicated factors of Taiwan’s political and social environment. The expert recommended joint capital cooperation purchase merger and securities investment in terms of the investment means and service finance and cultural sectors as the fields for mainland investors.
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