A surprising acquisition that was done at almost the end of the year in 2017 was SoftBank Group Corporation’s acquisition of Fortress Investment Group LLC. The Fortress Investment Group LLC is one of Manhattans key lender, property investor, and asset manager. Although the procurement move may be an ideal one for a financial company or real estate entity, the purpose is quite vague with SoftBank which is a traditional technology conglomerate that is headed by Masayoshi Son.According to Dean Ungar, Moody Investors Service’s Senior Analyst and President, the purchase may seem to be an impulsive move on SoftBank because for a tech company like it, the acquisition of a credit-concentrated private equity company is like shifting in a different route because both companies belong to different industries. And this is based on the other deals made by SoftBank in the past where it focused on investing in newly star-up ventures that are on their way to development.But looking at it in a different perspective, the benefit of acquiring a two-decade old international investment managerial firm that has accumulated over $40 billion assets during its many years of operation, was not given due consideration.
However, in Rajeev Misra’s opinion – having served with Fortress as a partner and senior managing director in 2014, the action taken by SoftBank was a measure taken by the tech-company to form another asset investment division.In the past years, a minor group of investors in SoftBank Group’s London and Tokyo offices have explored numerous prospective deals. And by procuring Fortress, Masayoshi Son’s firm is given the opportunity to have a longstanding organization that already has an investment committee, compliance and trading divisions, and investor partners.In relation to the above, SoftBank is intending to create a London-based organization named SoftBank Financial Services, where Rajeev Misra will oversee the 1000 employee venture.
Misra said that his foresight for the company is to be able to make it among the biggest alternative assets manager around the globe. And he plans to promote Fortress-branded funds for private equity and debt to several Vision Fund leading financiers based in the Middle East.On Fortress Investment Group’s side, reliable informers say that the daily operations did not really change as some would have anticipated after the company was purchased by SoftBank. Although there is no indication yet that SoftBank might likewise benefit from the Fortress Investment Group’s astounding position within the real estate market of New York.
Jed McCaleb, Co-Founder of Stellar.org states “It doesn’t matter how “productive” you are if you are building toward the wrong goal. Differences in direction that result from planning absolutely swamp any kind of productivity gains.” Quoting that statement from Jed McCaleb, Jed spoke at an interview stating that he believes in consciously using technology to limit not being able to achieve the ultimate productivity and improving the human characteristics. As years past after Jed founded in Ripple in 2011, he realized that the foundation of the world’s financial system is weak. That is where Stellar.org came to play when he co-founded in it. He realized that many people were without proper resources. Stellar is an open-sourced platform for building financial products that connect people anywhere around the globe. It is basically a worldwide wealth exchange network system where anyone can move currency reliably and quickly at little to no cost.
Jed has always been an entrepreneur and leader where he plays vital roles within the business industry. He spends tons of time strategizing and overall planning as he spends his time wisely on what he feels is necessary to focus on in order to get things accomplished. As an successful entrepreneur that Jed is, he recommends not focusing on niche things and to focus primarily on the big ideas because the reward is much greater than the niche type products. They key is to make a product that actually fits its needs in peoples lives.
In addition to his successful investment in Stellar, Jed McCaleb founded edonkey 2000 where users can peer to peer file share online. EDonkey is one of the largest file-sharing network suited for users to share large file sizes as they are able to log into the network and still have long term file availability. It is more so a decentralized network as to there not being a central hub and files are not stored on a central server, but rather than files are exchanged directly from user to user. Jed has also made a great donation to Machine Intelligence Research Institute, which is a non-profit organization to help make lives easier for everyone as AI will be able to solve multitudes of problems.
In the times of Jeff Yustine in the 1970s double-digit food inflation was the order of the day. The prices of food in Grocery stores kept rising every day. Unlike those times, we don’t seem to have the double-food inflation any soon because of some of the following factors that have since come into play.
• More retailers are selling food.
• An increase in production of beef
• Huge amounts of cheese and milk in the market
• Better profits on agricultural exports in overseas economies due to the higher value of the US dollar.
As a consumer, all these conditions are favorable to you, but they might slowly and soon come to an end. According to many reliable sources, we might go back to the old times due to the inability of producers to determine the market prices according to stockgumshoe.com. In a research done by The Bureau of Labor Statistics, local retail prices of food rose by 0.3% in July. In addition to that, the agricultural sector has recently been seen to have high gain indexes. Internationally, Many factors are also playing out that will see the price of food rise. The latest forecasts from the experts in the US Department of Agriculture have also confirmed this.
Jeff Justine is a renowned investor in the stock market. He is also a financial journalist who has been at the forefront of many significant events globally. Jeff is currently the editor of Total Wealth Insider. As a journalist, he has interviewed many successful financiers as well as entrepreneurs from whom he has garnered his strategies. Jeff started working at Banyan Hill Publishing around two years ago and is also a contributor of its publications on investments according to tumblr.com/. His contributions are majorly centered on helping investors in different ways like enabling them to understand business better and speaking on the valuable investments that financial editors have unveiled.
Jeff’s reporting has taken him to places and has helped him get to know the investments with good returns. Jeff has reported on important state events like the 19999 Panama Canal change of ownership and the Hurricane Katrina’s financial implications on medium.com. Through his reporting investors became more cautious of investing in real estate in the mid-2000s. He has also won many awards because of his excellent journalistic skills like the Emmy Award.