| News from: Progressive Asset Management
(CSRwire) OAKLAND, CA - April 3, 2007 - Good news for current … and would be … socially responsible investors! The one-year performance numbers are in for Progressive Asset Management's "Progressive Track Investments™" (PTI), the first comprehensive portfolio suite that is both socially screened and tracks existing benchmark indexes for most major asset classes. For the full year ended March 31, 2007, the data show that an equal-weighted allocation among the seven model portfolios would have missed their blended benchmark by only 31 basis points.* Progressive Asset Management (PAM) Director of Business Development Phil Kirshman, CFA, CFP, said: "In my opinion, these first-year performance tracking numbers tell a powerful story: It is possible to do robust social screening, track major benchmarks and still deliver the kind of solid performance that fiduciary-level investors need to see.
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.
Invest in style
Those too busy with money may tend to think that style is only for the ramp. No, style is relevant to investing too, reminds Streetsmart Guide to Managing Your Portfolio (www.tatamcgrawhill.com). "Groups of assets with similar or common characteristics are often called asset classes or styles," defines the book. "A fund manager who invests in a certain style of assets tends to be labelled that way." Thus, we have growth managers, as well as value, large- and small-cap managers. Portfolio investment based on selection among styles rather than among individual assets is called style investing, say the authors Frank Yao, Bret Xu, Patrick Adams, and Kenneth Doucet. A search for universally accepted definitions of growth and value may be elusive. "In general, a growth-oriented manager tends to buy stocks that are experiencing rapid growth in earnings.
Old Chicago restaurant building in Chandler sells for $3.11 mil
Fulton Ranch OP2 LLC of Phoenix sold an Old Chicago restaurant building at the southwestern corner of Arizona Avenue and Ocotillo Road in Chandler to Peter Fong of Los Angeles for $3.11 million. Steve Fernandez, Andrew Fosberg and Claudia Jara of CB Richard Ellis in Phoenix represented the seller, and Ryan Bloodsworth of Sterling Commercial in Surprise represented the buyer of this 6,618-square-foot, single-tenant retail building in the Fulton Ranch Towne Center. Calif. trust buys building in Phoenix for $2.3 milSovereign CS LLC sold the Canyon State Oil building at 2810 N. 31st Ave. in Phoenix to the Stivers Living Trust of San Jose for $2.3 million. Paul Boyle and Rick Danis with Grubb & Ellis in Phoenix represented the seller. Matt Stivers of Grubb & Ellis in San Jose represented the buyer of this 16,800-square-foot building.
Japan's Bonds Gain as Six-Week High Yields Attract Investors
April 10 (Bloomberg) -- Japan's government bonds rose as 10- year yields near the highest in more than six weeks fueled demand. The spread between yields on two- and 10-year securities stayed near the widest since Feb. 21 after Bank of Japan policy makers voted unanimously to hold the key overnight lending rate at 0.5 percent, the lowest among major economies. BOJ Governor Toshihiko Fukui said today the core consumer price index may hover near zero percent in coming months. ``Bonds look attractive as yields approached a significant level,'' said Satoshi Yamada, who helps oversee the equivalent of $6.7 billion at Japan Investment Trust Management Co. in Tokyo. ``Yields near 1.7 percent are appealing.'' The yield on the benchmark 1.7 percent bond due March 2017 slid 1 basis point to 1.68 percent as of 4:15 p.m.
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