| Online Gambling: The billionaire prince of Bodog
He so wants to be a star. Not a Hollywood star. That level of name recognition, he'd like that. But with respect for his business acumen as well. Like Diddy or Trump, or, better, Richard Branson -- equally comfortable in an investment bankers' office as the boldfaced type of the gossip blogs. It would all be in the name of his brand, of course, of Bodog Entertainment Group SA, which started out as an Internet gambling company but which Ayre is looking to turn into something more. So today, wearing an expression of patient indulgence under his Bulgari sunglasses, the 45-year-old Ayre is on the Pacific coast of Costa Rica to attend a day of filming for his mixed-martial arts TV show, BodogFight, which is broadcast in Canada on The Fight Network. He arrives in a chartered helicopter, then is chauffeured by bulletproof Hummer to the set.
Expand your real estate portfolio with a property securities fund
Bricks & mortar funds can miss out on residential developments and other growing sectors driven by demographic trends, says Fidelity International.
Retail investors who want to tap into some of the most exciting demographic trends influencing real estate developments need to look beyond open-ended bricks and mortar funds which are largely confined to just three sectors: offices, retail and industrial, according to Fidelity International.
Analysis of popular retail direct property funds shows that they invest the majority of their portfolios in those three sectors. For investors wanting access to a wider range of real estate opportunities, property securities funds offer a far more varied investment universe, ranging from residential developments to hotels.
The research shows that offices, retail and industrial holdings represent more than 90% of the entire portfolio of 4 out of 7 bricks and mortar funds generally marketed to UK investors.
Betting on the next hedge implosion
Banks are lining up to offer punters the chance to predict the next hedge fund disaster, the FT reports. A small but growing number of structured products allow sophisticated investors to bet against a hedge fund implosion as part of efforts by investment banks to reduce their exposure to extreme events in the sector, the report says. […] .
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