Wes Edens the sports investor

Wes Edens is a successful investor with many years of experience. He is also a great sports fan and his love for sports has seen him invest in several sports teams. Back in 2014 together with Marc Lasry, they bought Milwaukee Bucks for $ 550 million. After the sale, Mallory who is Edens daughter became the team’s representative.

Speaking at the opening panel of sports business journal dealmakers in New York Wes Edenss gave tips for his success. He said that the most significant contributor to his success is the experience he gets from being an owner of the NBA team. He went to add that owning a team is just like any other business. View Wes Edens’s profile on Linkedin

According to him if you hire the best professionals, assign responsibilities to them and hold them accountable when you have a high chance of success in your business. Wes Edens said that he had learned so much from the team during the last happy and he is satisfied with his team’s performance on the court and even outside of the court. He attributed the Bucks’ success to the decisions he and the management team make in regards to their personnel.

One of the greatest achievements for the Bucks has been the construction of Fiserv Forum. The taxpayer’s money has funded the project. Wes Edens was among those who made plans for the building. The Fiserv forum is one of a kind, and Wes refers to it as a spectacular outcome since it is not like the other NBA arenas.

Wes Edens played a crucial part in getting the funds for the project. He convinced local politicians to fund the project by emphasizing a basic calculation. He is hopeful that the Bucks will assist in the creation of a new downtown which is guided by the philosophy of living, work, and play. Recently he added Aston Villa to his list of ownership since he owns 55 % of the club. Wes Aston is a huge soccer fan who has attended all word cups for the last twenty years.

Learn more: https://www.dailyforexreport.com/wes-edens-leader-philanthropist/

 

The Technological Inventions of Serge Belamant

Serge Belamant is responsible for inventing one of the most revolutionary technologies, the blockchain technology. He was born in France, but at the tender age of 14, he started his life in South Africa. He qualified to join a high school where he developed interest sports and also played chess. It is in this school where he became more proficient in the English language. College followed and he qualified for a Computer Science degree at Witwatersrand University. He took the classes for two years only and discontinued to join the University of South Africa for information system courses. His achievements in technology got the South Africans comparing him to Steve Jobs. He holds the patents to the many technologies he has developed in his career.

The technological innovations by Serge Belamant have been useful in transforming the financial systems all over the world. They are responsible for speeding up the bank processes such as money transfers and other transactions initiated by banks, governments or even individuals through secure platforms. The developers of the cryptocurrency have also been using the blockchain technology.

Although Serge Belamant has been employed by different organizations to handle matters of IT, the company that made the greatest impact in his life was SASWITCH Limited. The company was then under the ownership of the RSA banks. The company’s switching system had a problem and could not hold over 100 transactions. Therefore, the company hired Serge Belamant to create a technology that would make the bank operations more efficient. To resolve the issue, he invented the National ATM Switch and now the system could handle over 100 transactions in a second. He invented the POS technology while still in the company.

In 1989 he founded Net 1 Technologies, a tech company. Initially, the business was slow because of the high number of start-ups. In this time he was selling the Universal Electronic Payment System he had developed. In 1995 when the Visa contracted his company, he invented the Chip Offline Pre-Authorized Card, and this technology is in use even today. In 2012, as part of a for the Social Security department project, Serge Belamant achieved several breakthroughs such as the Biometric Comparison Engine and the morphing technology

Gareth Henry gives expert advice on real estate investments

Gareth Henry is a professional with vast experience in the financial and credit sector. Gareth has a solid background in Actuarial Mathematics that he obtained from his undergraduate studies. Gareth Henry has developed his career and received mentorship throughout his professional journey to establish himself as a guru in the financial sector.

Gareth attributes his specialization in the investment field to his ability to involve clients and col-leagues in his work to provide solutions that meet his customers’ requirements. He also says that his understanding of the relationship between Mathematics and Finance helped him much to merge the two fields and acquire a knowledge of the economics and investment strategies. Gareth also had the passion for customer service which enabled him to kick start his career and excel in a field in which many actuarial mathematicians had failed.

Gareth Henry’s interests

Gareth Henry states that passion and enthusiasm is the driving force that has enabled him to succeed in his field. He says that forcing oneself in an idea will cause frustrations and collapse of an enterprise. Gareth points out that always acting on available opportunities has enabled him to re-main active and productive as an investment professional.

His ability to stay updated on the trends in the credit and financial sector has helped him to understand his clients well and effectively solve their needs. He states that the development of block chain and rise of crypto currencies is one trend that will revolutionize the investment field.

Gareth has helped clients in areas such as hedge funds and private equity giving his expert advice and assisting institutions to in raising sufficient capital for their growth. Gareth has served at high management positions such as the Global Head of Investor Relations and Head of Investor International Relations at Fortress Investment Group and other institutions.

Gareth Henry gives his input on Real estate investments.

Henry points out that the real estate sector is gaining popularity and growing hence inves-tors need to understand the industry to maximize their returns. He says that real estate sector is undergoing massive growth with the application of modern technology. He advises the investors in this field to ensure that they reposition themselves well to enjoy the returns from the sector. Gareth says that repositioning of the real estate sector will involve things that add value to the real estate property.

Some of the things done in the repositioning of the real estate property to add value include the application of paint or changing the purpose of the real estate property. Gareth says that repositioning will depend on the investor’s financial strength.

Repositioning of single or a multifamily property can involve things like ensuring tenants live harmoniously through doing away with troublesome tenants, construction of additional facilities such as swimming pools and gym facilities to earn extra cash or changing the appearance of the building through painting.

Gareth advises investors to pay attention to adequate research before considering reposition alternatives to reap maximum benefits from investments.

The Career of Fortress Co Founder Randal Nardone

Randal Nardone is one of the co founders of the investment management firm Fortress Investment Group. He helped establish this firm in the late 90’s after working as a finance professional and lawyer. Nardone has a unique background in finance as he was once a practicing attorney. This allowed him to use his knowledge of the law to complete a number of important deals for both Fortress Investment Group and for companies looking to complete mergers and acquisitions. Randal has held numerous high level management positions in both finance and law during his career. As an entrepreneur and executive in finance, Randal Nardone has been able to earn a substantial amount of wealth. Forbes named him to its list of billionaires and richest Americans.

When Randal Nardone started career, he worked in the legal field as an attorney. After completing law school, Nardone began his career at the law firm named Thatcher, Proffitt & Wood. He would serve as one of the associates at the law firm for a number of years. Towards the end of his stint at the law firm, Randal would be appointed as a member of the firm’s executive committee. This was a panel of top administrators of the law firm. As a member of this group, Nardone would get his first experience in a leadership role.

After a successful career as a lawyer, Randal Nardone went on to become involved in the financial sector. Randal began his career in finance when he joined the firm Blackrock Financial Management. While he was a member of this firm, Nardone would serve as its principal. This position allowed Nardone to continue demonstrating his leadership skills. While he had a successful stint at Blackrock Financial Management, Randal would move on to pursue other opportunities in 1997. At the end of the 1990’s, Randal would get involved with two major investment firms. He would work as the managing director at UBS until 1998. That year, Randal co founded Fortress Investment Group. Over the next two decades, Randal would help the firm establish itself as one of the leading asset management and private equity firms in the world.

Learn More: www.crunchbase.com/person/randal-nardone

SAHM ADRANGI PUTTING A STOP ON AD FRAUD

Kerrisdale Capital Management LLC is a company known to many for their work on shorts activism. Sahm Adrangi, the chief investment officer and founder of the company, has made a name in investment banking since the company’s foundation in 2009. Sahm focuses on exposing fraudulent companies by doing extensive research on where their capital comes from.

Sahm Adrangi’s company first made the headlines in 2010 after they exposed and published their research on Chinese frauds. The companies that Sahm featured in the research became recipients of SEC regulation actions. Sahm has also campaigned against St. Joe land developer on Globalstar as part of his short activism.

In the digital era, everything is not black and white as it would seem. Companies are making fortunes through ad fraud. Sahm Adrangi addressed this issues at the Kase Short Selling Conference amidst other short activists. Sahm raised the alarm on the many companies that have taken refuge in this act to generate revenue through fraudulent online advertisement.

Sahm Adrangi gave an example of ad fraud situation. For most companies, going through the legit channel can be frustrating especially if a publisher has no real users visiting the sites. So to make quick money, Sahm gave an instance where ads are displayed on fake websites. The counterfeit websites have a lot of traffic, not from humans, but from computers. These computers, bots, and botnets designed by eastern European hackers get to view the ads, and the companies get their revenue.

Another form of ad fraud that Sahm Adrangi exposes is add tagging and stuffing. In this case, the perfect example that he gave was video ads where other videos are playing in the background, but internet users cannot see. The videos get charges, but no one is seeing them.

Sahm Adrangi points out that legitimate publishers will drive revenue if online advertisers spend on online ads as they should do instead of participating in ad fraud.

Sahm avails the company’s research on their website or through e-mail subscription. He also spreads his knowledge on Twitter and other channels such as Bloomberg or CNBC. Sahm and Kerrisdale Capital are what the investment world needs to keep short activism active and help solve fraudulent practice.

https://www.prnewswire.com/news-releases/sahm-adrangis-kerrisdale-capital-issues-negative-report-on-eastman-kodak-company-300594897.html