Bulletin Board

Stay up to date with the latest product news and technical information, ask one of our experts a question and participate in discussion about Port Funds products, sign in here and start posting immediately!

Financial

1 European Stocks Decline, Led by UBS, Siemens, Royal Dutch Shell, 18 October 2007 European stocks fell for a second day, led by banks and exporters, on concern mounting U.S. mortgage losses will hamper the world's biggest economy and slow global expansion. UBS AG, the world's largest money manger, and engineering company Siemens AG led declines. Royal Dutch Shell Plc paced the drop after Goldman, Sachs &;; Co. recommended investors sell the oil producer's shares. Europe's Dow Jones Stoxx 600 Index lost 0.8 percent to 390.92 as of 8:41 a.m. ... [post comment]

Investment

1 Merrill Lynch Global Private Equity to acquire Cumulus Media, 19 October 2007 An investor group led by Lewis W Dickey, Jr, chairman, president and CEO of Cumulus, and Merrill Lynch Global Private Equity has agreed to acquire US radio company Cumulus Media in a transaction valued at approximately $1.3bn. Under the terms of the agreement, Cumulus stockholders will receive $11.75 per share, representing a premium of approximately 40.4 per cent over the closing price on 20 July 20 2007, the last trading day prior to announcement of the ... [post comment]   2 Advent closes $1.3bn fund for Latin America, 18 October 2007 advent International has closed a new buy-out fund dedicated to investing in Latin America. Latin American Private Equity Fund IV closed on its hard cap of $1.3bn, making it the largest private equity fund ever raised for the region. LAPEF IV exceeded its target capitalization by 30 per cent, the firm announced in a statement. A total of 38 investors participated in the new fund, including public and corporate pension funds, funds of funds, banks, insurance ... [post comment]

Markets

1 Weekly Markets Review, 19 October 2007 General Summary Bond markets stabilised but towards the end of the week US equity markets fell sharply when a bout of profit taking hit stocks as volatility rose sharply suggesting there may be a pause for breath or a pullback in share prices as complacency has become widespread among equity investors. Concerns over the collapse of two sub-prime mortgage linked hedge funds totalling $3.2bn did nothing to help a fairly nervous mortgage bond market. It is ... [post comment]