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Posts Tagged ‘Management Company’

In recent weeks we have learned that there is a Deposit Guarantee Fund guarantees to holders of deposits up to an amount of 20,000 € (later extended to 100,000 €). But the funds are covered by this warranty?

Definitely not. Investments in stock or made ​​through funds are paid by the investor, either a small saver or an institutional investor: he runs the risk of depreciation of assets because the investment is yours. Investment funds and pension plans outside the bank balance and are always therefore assets of the customer.

The bankruptcy of a securities firm does not imply the loss of money, unless, by mistake or bad faith, the parent company is not in possession of client assets entrusted to its management. This is simply a scam.

In these cases there is a guarantee fund companies and brokerage and portfolio management companies, known as Fogain and created as a result of fraud Gescartera. Coverage of 20,000 euros per customer and is activated only when society is, therefore, in an insolvency situation recognized by the CNMV.

These guarantee funds will only respond if the shares or bonds are blocked and the client can not recover. But the impairment losses are irreparable, and that escape regulation by the CNMV. The surrender value, therefore, is that resulting from the sale of assets in which the saver has invested at market prices, all the way above € 20,000. Which can mean a significant loss of value.

A point deserve special bonds issued by Lehman Brothers : The Spanish Fogain not protect customers who bought these bonds, it has broken the bank issuing the same, not the manager or broker that manages local. This is a write-offs …

The residence of Our Lady of Oreto and Zuqueca is poised for imminent closure if the City Council and the management company Granatula unable to reach an agreement so far is far away.

A score of older people live in this center run since May 2008 Gesmayor Group 5, a company that claims losses of more than 100,000 euros in operating expenses and not paying the Consistory since last November, although the Board and paid in September to local government the second and final installment of the annual grant of 2010 (“over € 200,000 in total”, as recognized by the City Council). Internal workers also have not cashed the payroll of February and already fear a record of employment regulation that, if finally comes, it could become the prelude to closing.

The conflict goes back almost to May 2008, although it did not explode until last November when the Mayor, Maria del Carmen Estevez, decided to stop paying monthly Gesmayor, which has led to some obvious problems economical for the manager to make continuation unfeasible, according to his manager. Until that date the company had collected monthly, but that form of payment will only respond to a verbal commitment to the former mayor, Fabriciano Gómez (PSOE), who had to leave office in January 2010 by a vote of no confidence supported by Estevez, who was then party colleague. Read the rest of this entry »

Plan to keep more than a thousand jobs related to the Grupo Playa Sol, recovered in two years, improvements in its facilities, opening some of them throughout the year and the hotel chain to grow by 20 percent. The capital management company risks Hyperion Capital Management seeks to enter GPS, inject liquidity into the group and take over the management in a deal that still must receive the approval of the holder of the magistrate No. 4, but unions are institutions and as how to ensure the viability of the company of Fernando Ferrer.

IBIZA | RAQUEL SANCHEZ Hyperion Capital Management, a company that manages private equity funds, has shown interest in entering the Grupo Playa Sol , confiscated from his manager, Fernando Ferre Cardo, was arrested almost a year ago. Hyperion is not the only institution of its kind has been interested in GPS, although it is the most far has taken the steps to get involved in the reorganization of the hotel chain .

Venture capital is a financing instrument by which an investment company injects capital to a company in a minority and for a short time. Normally in this type of units are seeking a balance between the percentage of ownership and control of the company, investors assume a greater risk that is often willing to take a lender and in return get higher gains from the sale of its stake in the subsequent departure of society. Thus, Hyperion GPS insuflaría to the capital necessary to meet payments and intervene in management by using its experience in similar situations to clean the chain. Once healthy, the investor would sell its stake in the group after some time. Read the rest of this entry »

Companies nationally and internationally have been interested for congresses and conventions in the summer of 2011 at the Congress Palace of Palma, but not having a management company that can recruit only receive information on rooms, rates and other economic data, as indicated from the Hotel Association of Palma.

The fact that the management company is still owned by the Barceló Group and has not been resolved this issue administratively, prevents for the time formalize any formal contract. “There is a demand for organizing congresses of 1,500 people, which would lead to the Palacio de Congresos income of up to 150,000 euros for the procurement of space for three to four days. We hope that the current political situation is resolved and there is a political responsibility to market the Congress Palace Palma as it touches.”

Barcelo Group has 95% of the shares of the company managing the conference center, to be owned by Acciona the remaining 5% will sell once completed the construction of this infrastructure, described as “key and vital ‘ for Palma and Mallorca by Bureau Convention.

For now, technicians Palau de Congresos de Palma provide all types of information, responding to market demand, “but you can not sign contracts until a management company, public or private, once the group sold its 95 Barcelo % of the shares, which are valued at eight million euros. What is done is a passive marketing, but from the summer, once a settlement of the sale of shares in the Barcelo Group, presumably through June, will act as an active marketing strategy”, indicated the sources.

Another issue to be clarified is what the formula chosen in the management company. “The future manager will have to take contracts that can be formalized at this stage of impasse, because you can not stop marketing a conference center, especially when the congresses and conventions, and presentations of all types of companies, performed with one, two or three years ahead. “

highly competitive companies have identified the relevance, scope, production not only to identify the knowledge presently available, but the need for human resources to cope with the vision and commitment of modern management who knows what it really involves knowledge management.

very good to say about the importance of this strategy is a necessary and indispensable to strengthen the future of organizations in the new economy: the increased value of business and social progress through research, development and innovation, in line human capabilities, technology and management strategies, and implemented in products and services of the intensive use of their intangible assets more important. Knowledge.

It also know that the management of knowledge management becomes all the intangibles that add value to the organization to acquire skills or core competencies, distinctive. It is therefore a dynamic concept, ie the flow.
hand some of us remember. Knowledge management and knowledge management is the systematic process to find, apply, distribute, store, process and share knowledge with stakeholders in an organization to exploit resources in collaboration based on knowledge of their own intellectual capital, to strengthen organizational capacity and value creation. Read the rest of this entry »

The Management Company for Promotional Picture the Valencian Community has not delivered today-PSOE PSPV the minutes of board and general meetings of shareholders of this public company, or contracts with the firm Orange Market, investigated by Judge Baltasar Garzon.

EFE spokesman for the Socialist group in Les Corts Valencianes, Angel Luna, and Rep. José Camarasa that group have made ​​themselves known this afternoon at the headquarters of the public enterprise of the Government with the intention of accessing these documents, they are claiming from year and a half ago.

The company Orange Market is being investigated by the National Court judge Baltasar Garzon for his alleged involvement in the operation “Gürtel” against a web of corruption, influence trafficking and money laundering in several provinces, including Valencia.

Socialist MPs, which have been received by the manager of the company, Arantxa Vallés, remained for ten minutes in the public company’s headquarters, which have left without any paper issued to them.

Speaking to the media, Luna lamented that no documents have given them “hiding behind the rules” of Les Corts and assured that they will continue “in the fight,” because it is very important that people know “where to go to the money that everyone pays their taxes “and that” so lacking “in the current crisis.

Luna stressed that the Management Company is a “hundred percent” public capital, and has argued that today have wanted to test if it was true that the Valencian Government was willing to undertake “an exercise in transparency that have not done for many years.”

Socialist spokesman stressed the need for access to information on Orange Market, given the situation in which “elements come together as close friends,” while the president of the Generalitat, Francisco Camps, “go to your wedding” , responsible for the Orange Market, Álvaro Pérez Alonso, indicted by Judge Baltasar Garzon.

Other elements that are present in this case are, according to Luna, “public contracts paid with public money, companies have their branches in tax havens and a judge of the Audiencia Nacional to unravel a criminal plot.”

Against this, said, “opacity” and “concealment of documents” by the Valencian government implies that people “think wrong” and have “suspicions” that public money from the people of Valencia “has served for many things less to meet the needs “of citizens.

In his view, it is necessary to know where the money is, “how they have used and why they have used, and what relationship the use of that money with the frames that is investigating the Audiencia Nacional.”

She said that the president of Les Corts Valencianes given at the time the protection order to access these documents, despite which the Valencian Government has not delivered, and that “concealment” has led to the blockade for months the election of the Ombudsman.

Socialist spokesman has indicated that happen again now processing the parliamentary rules adopted by the PP alone and reiterate the call for papers, and predicted that they will deliver “when it is probably unnecessary, because the judicial inquiry has put it all up the table. “

Luna has stated they will not “let up” in the “commitment to pursue such documentation, it means a” serious precedent “that has a public administration” systematically hidden documents “, as has happened in recent years with questions awards.

On the request of the Minister for Presidency, Vicente Rambla, to appear in Les Corts, has indicated that it seemed “super”, and hoped that go “full of papers” and explain why it has been subtracting that information.

Moreover, the socialist group today received a letter from the director general of Les Corts Relations, Angel Mompó, which states that such requests for documentation “were answered in a timely manner,” and claims to follow the “rules of action “.