In this issue:

Volatility Cause by Global Debt Crisis

Global Financial Crisis

Chinese Market

Malta: business opportunities

The certificate in Hedge Fund Regulation

Enhancing portfolio performances

New energy investments in Greece

A call for the birth of an Era of Substainable Finance

A Hebrew American’s Sojourn in the Land of Israel

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I Am The Caveman, I Am The Caveman, I Am The Walrus

With apologies to the greatest band ever (The Beatles, of course), I punned the above title to remind all of us how we share the commonality of our ancestors and how this all comes back to that source of “frozen desire” as coined by James Buchan, ie MONEY. (more…)

“Summer Davos” in Asia
Annual Meeting of the New Champions 2010
Tianjin, People’s Republic of China 13-15 September
Driving Growth through Sustainability

Tianjin The Annual Meeting of the New Champions, the “Summer Davos”, is the foremost global business gathering in Asia. Introduced in 2007, the Meeting is held in close collaboration with the People’s Republic of China and with the personal support of Premier Wen Jiabao. (more…)

World Economic Forum on Latin America
Cartagena, Colombia 6-8 April 2010
New Partnerships for a Sustainable Recovery

Cartagena, ColombiaFor almost a decade, Latin America has enjoyed more stable and on average more positive economic growth than in past decades. However, one-fourth of the population still lives on two dollars a day with limited access to basic services and infrastructure.

Latin American countries also face the global challenges of building a solid financial architecture, providing quality education for all, developing clean and diversified sources of energy and sustainably using natural resources. While consensus is emerging in the region on the need to preserve and strengthen democracies, there is no consensus on how to reduce poverty and inequality. To shape the fundamentals of a new development cycle, a redesign in regional cooperation is needed which is based on enlightened values and mutual trust.

With the full support of the Colombian government and the Forum’s key Strategic Partners, the World Economic Forum will convene 400 of the most prominent leaders from Latin America and other parts of the world on 6-8 April 2010 in Cartagena, Colombia, to build on the success of the 2009 World Economic Forum on Latin America in Rio de Janeiro, Brazil.

A Multi-family office (MFO) is an enterprise or a firm that manages investments and trusts for multiple wealthy families. (more…)

by David Ward, Claudia Chiari

This paper sets out to explain and decipher luxury and especially inaccessible luxury with the intent to provide enterprises three new analytical tools to ensure they stay ‘in front of the pack’. The paper starts by assessing what luxury was and is today and how and why it has evolved so far. It looks at Mass and Intermediate luxuries and then discusses three models to assess also Inaccessible luxury. The three models specifically developed by the authors are: 1. The Tangibility of Luxury, 2. The Spectrum of Luxury and 3. Brand Identity of Luxury. It will be shown that a luxury product can indeed migrate towards intermediate and mass luxuries when its traits become tangible and when rarity turns into abundance and luxury becomes accessible. The authors promote the idea that this process can be controlled by the enterprise or industry providing the brand, product traits and distribution are managed accordingly. The authors also examine the particular linkage between rational and emotional value through the brand and map the degree of luxury of a brand by assessing what actually differentiates the luxury products from the rest. This is not done in the traditional way of assessing the marketing mix (4P, 6P or 7p etc.) or examining the key features of the product but by building and managing a more integrated and knowledgeable approach, supported by the proposed models. Although the paper makes strong reference to luxury fashion, the comments, concepts and counselling provided are applicable also to luxury yachts, sports cars, real estate, banking etc.

For more information: http://mpra.ub.uni-muenchen.de/11373/