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Corporations/Business People

Stephen Murray’s Legacy At CCMP Capital

Posted by TroPe on

Stephen Murray was a well-known and respected investment banker for CCMP Capital, a New York private equity firm whose portfolio he helped build. CCMP manages wealth and facilitates mergers and acquisitions for various companies, most notably leveraged buyouts.

They have also financed startup companies and helped take private companies public, while also diversifying estates of founder-owned businesses. Some of their subsidiary companies include Jamieson Laboratories, Ollie’s Bargain Outlet, Cabela’s, Pure Gym, and Quizno’s Subs. CCMP’s funds had seen significant growth over the 10 years it had operated as its own entity, it’s latest investor fund total being $3.6 billion in 2014.

Murray first got into investment banking back in 1984 after completing his undergrad at Boston College, and joining Chemical Bank, a major Manhattan bank that would merge several times with Manufacturers Hanover, Chase, and eventually JP Morgan.

When it came to making deals and winning investors, Stephen Murray was a natural at that and was able to grow the client base pretty quickly at Chemical Bank. Murray’s expertise in buyouts propelled Chemical Bank’s buyout division to success, and it operated for nearly 20 years under the control of Chase and then JP Morgan up until 2006 when the acquisition of a pharmaceutical company caused concern for some of JP Moran’s clients, so the buyout division severed ties with JP Morgan and became CCMP Capital.

Stephen Murray CCMP Capital continued to raise funds and complete buyouts as CCMP’s president and CEO, and the firm saw even more success running as its own entity. In early 2015 however, Murray decided to resign from the company, citing health concerns as the primary reason.

About a month later, he passed away leaving behind a great legacy of successful entrepreneurship over the last 30 years. Greg Brenneman stepped in as the new CEO and in his words, Murray was a “friend” and “terrific investor”. Murray not only had been a successful businessman, but had also supported charities such as the Make-A-Wish Foundation and Fairfield County’s food bank.

Click the links below learn more about Stephen Murray CCMP Capital:

http://fortune.com/2015/02/17/exclusive-ccmp-capital-ceo-stephen-murray-leaves-firm/

Corporations/Activism

How QNET is Helping Schoolchildren Access Clean and Safe Water

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Clean water is one of the basic human rights. It is however unfortunate and painful that many people all over the world still lack access to clean water. This shortage has not spared learning institutions, which are also grappling with severe water shortages. To supplement government efforts, QNET recently made a pledge to avail water storage facilities to Government Primary School in Sriram Nagar, Hyderabad. This is part of the company’s ongoing benevolent efforts under its CSR, whose banner is “We Care”. 

The firm, which is a global leader in direct selling, is joining forces with the Lions Club of Hyderabad, Swarnapuri, Dist. 316F to supply storage equipment to the learning center. This will ensure that over 800 children who attend the school have access to clean and safe drinking water. In addition, the initiative will put in place measures that guarantee Government Primary School has well-functioning water and sanitary amenities. Currently, it is experiencing difficulties in providing the services to the kids.

The government is already running a campaign known as Swachh Bharat Swachh Vidyalaya, which seeks to improve public awareness on issues related to sanitation. QNETs initiative greatly supplements the campaign. The newly formed partnership with the Lions Club of Hyderabad will go beyond the current undertaking because similar programs are in the pipeline. The two organizations will also work with NGO’s that have a similar objective. The two hope to unleash their best corporate social responsibility strategies for the betterment of the society and the environment.

QNET’s humanitarian efforts are driven by two pertinent philosophies. These are Raise Yourself to Help Mankind (RHYTHM) and Inservice, which encourages its employees to actively participate in such causes that promote selfless service to mankind. It is also guided by Mahatma Gandhi’s philosophy, which emphasized communal gratification. 

A Brief Outline about QNET

This is a prominent direct retailing firm, which avails a diversity of life augmenting products that are provided through an online platform. Its services are available to customers in more than 100 countries. The company uses independent representatives who recommend products to clients. Once the products are bought, the representative gets a certain percentage. Since inception in 1988, QNET has achieved substantial growth and currently boasts 25 outlets globally with over 50 stockists under its roost. 

The firm belongs to the Direct Selling Association of Malaysia, Indonesia and Philippines, among other established lobby organizations. It is also involved in many philanthropic causes and the alleviation of gender imbalances in education and business. To read more about the firm, click on this link: https://www.ibcworldnews.com/2016/01/28/qnet-partners-with-lions-clubs-international-for-humanitarian-cause/

Corporations/Executive Leaders

Desperation, Wild Investment Choices Hurt Kyle Bass’ Reputation

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Kyle Bass is a hedge funder for autocrats in Argentina. Known for founding Hayman Capital Management in 2006, he started out making worldwide news by rightly predicting a subprime mortgage crisis back in 2008. That made him a super star in the investment world.

However, over the past few years, he has become more well-known for making bad choices over and over again, as well as making seedy partnerships. He’s unfortunately done a lot of these bad things in front of the public, as he has appeared on TV many times to talk about his ventures.

Bass Agrees With, Brags About Argentine Finance Deals

For example, http://usefulstooges.com/2015/08/24/kyle-bass-the-frantic-investments-of-a-desperate-gambler/ reports that Bass loves to brag about Cristina Fernandez de Kirchner, but most others believe she knows nothing about finance and has made bad choices for Argentina, as the country has defaulted on its debt twice in the past 13 years. For some reason Bass defended that action and some say he is actually her crony, since he has such a good relationship with her, and is said to constantly champion her financial policies even though her people have suffered.

To make matters worse, Bass also took her side when a judge said Argentina had to fully pay its creditors, and claimed the judge was holding a poor country hostage by making it do so. Some really wonder why Bass is in so much agreement with Kirchner and Buenos Aires and say he must be up to some kind of unsavory deals.

Bass Blamed GM Air Bag Issue on Victim Drivers

Another issue reported by Law360 that makes people dislike Bass is that he tried to protect his own money by blaming the victims of non-deploying airbags and faulty power steering in GM cars for their own deaths. However, GM itself new about the issue and didn’t fix it, while Bass claimed the victims must have been drinking or not wearing seatbelts.

Bass Short Sold Medical Stocks

Another awful deed he is connected to is partnering with Erich Spangenberg to choose medical stocks and short sell them and challenge their patents. That makes the stocks go down, Bass makes money, and patients pay more because the medical company raises its prices. Therefore it hurts innocent sick people who just want relief from their pain or other issues.

As if that wasn’t enough, Bass has also managed to lose 30 percent of the hedge fund since 2014, the opposite of how well it did previously.

However, time will tell if any of Bass’ deeds actually win him any money, as the latest from those on Capitol Hill shows that bills needed to stop his tacky activities with the patent situation have passed the House and Senate Judiciary Committees, and the Patent Trail and Appeal Board denied his patent challenges.

 

Corporations

The Influence of Forefront Capital in the Financial Services Industry

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Making sound financial decisions can only be possible after we seek advice from experienced financial advisors. Forefront Capital Advisors is one of the most prominent firms offering financial guidance, unconventional investment management, mercantile banking and investment banking services. It boasts of clientele who are highly reputable and prominent corporate leaders. It also has exceptional business partnerships meant to benefit its customers and the society as a whole.

New Partnerships

The firm recently announced that it was getting into a corporation with Easter Seals Dixon Center. This union will see the two collectively make donations of up to 3 million US dollars. The money will go towards backing programs for veterans like job preparation, training and activism. Forefront’s Chief Executive Officer and founder Brad Reifler explains that negotiations held prior to the partnership were fruitful chiefly because Easter Seals Dixon Center has left an incredible positive impression on the lives of veterans and relatives of the armed forces by changing the way they are perceived. Easter Seals also highlights their abilities and thus creates life changing openings for them.

Easter Seals Dixon Center has operations throughout the country. Its main purpose is to end prejudices associated with veterans. It also links trouper and military families to occupational, learning and health services. Forefront wishes to support this noble initiative while securing the financial future of its customers. Getting into the partnership is a sensible business move because it will link the firm with veterans and their families. Forefront hopes to take advantage of this and incorporate them into their client catalogue.

Brad Reifler’s remarkable profile

He is the founder and CEO of Forefront Capital, a post he has held since May 2009. The alumnus of Bowdoin College graduated top of the class with a political science and economics degree in 1981. Straight from college, he formed his first company, Reifler Trading Corporation in 1982. This saw him embark on a long and successful career in serial entrepreneurship. The firm developed a niche for global byproducts. It was eventually acquired by Refco, then a leading investment firm.  Brad is also known for his investment tips articles that are picked up by Reuters.

After flipping the company, about.me indicates Reifler worked at Refco and rose to become the head of institutional sales between 1995 and 2000. The department recorded record turnover during his stint at the helm. In between he was part of the formation of several other businesses. In 1992, he started Reifler Capital Management, a venture firm for managing wealth for affluent clients. In 1995, he also founded Pali Capital and served as its CEO until it was dissolved in 2008.

Using his extensive experience and fortune of knowledge in the financial markets, Brad established Forefront Group. This corporation encompasses Forefront Advisory and Forefront Capital.