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Bonus idea #8: Charter Rupert Murdoch’s yacht
Lifestyle, 4:01
<p>Expecting a fat paycheck this bonus season? Great, here’s one way to spend it.</p> <p>Reportedly owned by the real world’s answer to Bond villains – Rupert Murdoch – the magnificent, 67.2 meter sailing yacht Vertigo is currently available for charter at Y.Co.</p> <p>It boasts sleek, “loft-like” interiors designed by Wendy Deng’s favorite designer, Christian Liaigre, and has enough room for 12 guests looking for a bit of fun on the high seas.</p> <p>On deck, the yacht has a gym, an open-air cinema, a 10-person Jacuzzi with retractable sun pads, and a long list of toys fit enough for your typical multi-billionaire media mogul.</p> <p>It also comes with a crew of 11, all aching to cater to your every whim. Check it out:</p> <p>Prices start at €225,000 a week for summer cruises in the Mediterranean, and according to this website, €225,000 a week for winter sailing along Asia.<br /> Photo: Yacht Rent</p>
NexAsia Week Ahead: Fed minutes; BOJ rates coming up
Capital Markets
<p>(Note: all times HKT)<br /> Good morning everyone. Earnings season kicks off in the U.S. this week, giving investors a quick respite from the constant Fed watching that prevailed the past few weeks. I should emphasize quick though, since the FOMC minutes is set to come out on Friday, and traders are probably itching to dissect that thing for any insights of an upcoming rate hike. The RBA, the BOJ, and BOE meanwhile are all scheduled to reveal their respective interest rate decisions. While they’re all likely to keep rates unchanged, the Bank of Japan’s concurrent easing decision should be of particular note given that deflation reared its ugly, chud-like head again. Here’s what else you should look out for:</p> <p>Monday:</p> <p>6:30 am – Australia September AIG Services Index – Forecast: 53.31 from 55.6</p> <p>9:35 am – Japan September Nikkei Services PMI – Forecast: 51.99 from 53.7</p> <p>3:00 pm – Turkey September YoY inflation rate – Forecast: 7.9% from 7.14%</p> <p>4:30 pm – U.K. September CIPS Services PMI – Forecast: 55.31 from 55.6</p> <p>10:00 pm – U.S. September ISM Non-manufacturing PMI – Forecast: 58 from 59</p> <p>Tuesday:</p> <p>8:30 am – Australia August balance of trade</p> <p>10:30 am – Hong Kong September Nikkei Manufacturing PMI – Forecast: 49.52 from 44.4</p> <p>11:30 am – Reserve Bank of Australia interest rate decision – Forecast: unchanged at 2%</p> <p>1:00 pm – India September Nikkei Services PMI – Forecast: 50.82 from 51.8</p> <p>2:00 pm – Germany August MoM factory orders – Forecast: 0.7% from -1.4%</p> <p>8:30 pm – Canada August balance of trade</p> <p>8:30 pm – U.S. August balance of trade</p> <p>Wednesday:</p> <p>1:00 am – ECB president Mario Draghi speaks</p> <p>11:30 am – Bank of Japan interest rate decision – Forecast: unchanged at 0%</p> <p>2:00 pm – Germany August YoY industrial production – Forecast: 1.02% from 0.5%</p> <p>4:30 pm – U.K. August YoY manufacturing production – Forecast: -0.18% from -0.5%</p> <p>4:30 pm – U.K. August MoM manufacturing production – Forecast: 0.2% from -0.8%</p> <p>8:00 pm – Brazil September YoY inflation rate – Forecast: 9.57% from 9.53%</p> <p>8:30 pm – Canada August MoM building permits – Forecast: -0.2% from -0.6%</p> <p>Thursday:</p> <p>7:50 am – Japan September MoM machinery orders – Forecast: -0.38% from -3.6%</p> <p>7:50 am – Japan August current account</p> <p>1:45 pm – Switzerland September unemployment rate – Forecast: 3.3% from 3.2%</p> <p>2:00 pm – Germany balance of trade</p> <p>7:00 pm – Bank of England interest rate decision – Forecast: unchanged at 0.5%</p> <p>7:00 pm – Bank of England MPC minutes</p> <p>8:30 pm – U.S. Oct/3 initial jobless claims – Forecast: 273L from 277K</p> <p>9:30 pm – St. Louis Fed president James Bullard speaks</p> <p>Friday:</p> <p>2:00 am – FOMC minutes</p> <p>3:30 am – San Francisco Fed president John Williams speaks</p> <p>8:30 am – Australia August MoM home loans</p> <p>4:30 pm – U.K. August balance of trade</p> <p>4:30 pm – U.K. August YoY construction output – Forecast: 2.05% from-0.7%</p> <p>8:30 pm – Canada September unemployment rate – Forecast: 6.9% from 7%</p> <p>8:30 pm – Canada September employment change – Forecast: 20K from 12K</p> <p>Saturday:</p> <p>9:00 am – China September new yuan loans<br /> Photo: Moyan Brenn</p>
Learn from those who brew beer how to be a better financial advisor
FinTech
<p>Wherever large enclaves of European immigrants settled in America, it would not take long for a handful of breweries to open for business in the local community. These breweries distributed their fermented concoctions to the local taverns and clubs within close proximity to where the beer was produced. Unlike the Internet companies of today, brewing beer for most of the 19th century was not a scalable business model. Unpasteurized beer with active yeast has to be consumed within a short period of time after the fermentation process is completed. Otherwise, these liquid bread products become moldy and give off a rank odor.  Nobody likes to drink stinky beer pumped out of vintage kegs that have been stored for who knows how long.</p> <p>After a large wave of German immigrants settled into Saint Louis in the mid-1800s, brewing beer became a major local industry. Determined to expand his distribution base outside of the local community, Adolphus Busch in the 1870s incorporated several technological innovations at his Saint Louis brewing plant. Busch was the first American brewer to pasteurize beer, which enabled the suds to have a longer shelf life than did most of the local fare consumed within a short distance around the Saint Louis area. Busch also introduced refrigerated rail car technology. Temperature-controlled rail cars enabled beer to be transported over longer distances without sacrificing a significant loss in quality upon arriving at its final destination. Both the pasteurization and refrigeration technologies enabled Budweiser to grow into a national beer brand, giving Anheuser-Busch the right to call itself the “King of Beers.”</p> <p>These disruptive technologies in the beer making industry would seem to be a force majeure for the smaller craft breweries forced to compete against it. It is counterintuitive to imagine a rinky-dink microbrewery remaining in business against a fermented tide of technological brewing innovation located wherever beer is produced in large quantities. Despite the increased efficiencies of a national brewery due to its economies of scale, microbreweries are opening at a faster rate than ever. Creative Biermeisters are experimenting with different flavors and hops, selling their fermented creations to evermore hipster patrons eager to escape the bland, watered-down alcohol products sold by evil multinational corporations. Fancy refrigeration and pasteurization technologies be damned. Brewing large quantities of beer in oversized Lauder Tubs and shipping the swill cross-country from a centralized location isn’t going to cut it for this finicky subset of hop-heads who frequent their local microbrew joint.</p> <p>In the Internet era, where scalable business models disrupt entire industries, the gurus experimenting with different fermented potions in the dungeons of their local brewpubs have found a way to not only compete against but also thrive in the midst of scalable technology. These smaller establishments have found a niche, avoiding being tapped-out even if drones in the future can drop sanitized kegs of cheap corporate beer on the back porch of a college frat house at breakneck prices.</p> <p>Those in the investment advisory business can learn a thing or two from these small microbrewers. With robo-advisors gaining a foothold in the investment advisory space, embracing a niche form of investing may be one route that financial advisors can embrace in order to compete against cloud-based scalable Internet technology. In a previous blog, I wrote about the challenges that a robo-advisor faces in an expensive stock market (see Benjamin Graham’s Value Investing versus the Robo-Advisor). One way in which a human f</p>
A visual breakdown of VC activity in 3Q 2015
Venture Capital
<p>Venture capital invested globally increased for a second straight quarter, from $25.6 billion in 1Q to $30.1 billion in 3Q, while deal count fell for a second straight quarter, including a major drop from 2Q to 3Q (down 24%). Exit activity also continues to decline. Quarter-over-quarter, completed exits slipped by 22% in 3Q, while capital exited dropped by 37%. Valuations, of course, are flying high; but not just at the late stage. The median Series B valuation in 3Q—$58.6 million—jumped 65% from the same quarter last year. For a breakdown of global VC activity in 3Q, check out the datagraphic below.</p> <p>&nbsp;</p> <p>This article was originally published by ValueWalk. <br /> Photo: frankieleon <br /> &nbsp;</p>
These are the greatest tips Paul Tudor Jones can give
Lifestyle, 4:01
<p>These are the greatest tips Paul Tudor Jones can give.</p> <p>This was originally published by ValueWalk. </p>
Video: Warren Buffett on philanthropy
Lifestyle, 4:01
<p>Warren Buffett, despite dedicating most of his adult life to compounding his wealth, is absolutely no stranger to philanthropy. In June alone, the man donated $2.8 billion worth of Berkshire Hathaway shares to the Bill and Melinda Gates Foundation and to four other family charities – that’s more than what Bill Ackman’s worth at the moment.</p> <p>Here he is talking to the Financial Times about The Giving Pledge – the campaign he and Bill Gates launched in 2010 – and the act of giving itself. He apparently wants Silicon Valley’s young billionaires to join him and Gates in their crusade, though he does have some reservations:<br /> “When I wound up my partnership in 1970, I had $25m and if I’d given away a large portion of that then there would be far less to give now.”</p> <p>Photo: Fortune Live Media</p>
What we’re reading: Silvio, the Fed, and a woman screaming 'bear don’t eat my kayak'
Capital Markets
<p>From Silvio and Vladi sitting in a tree, to Bronte Capital’s views on Sun Edison, here are some great reads for you this weekend.</p> <p>Silvio Berlusconi and Vladimir Putin: the odd couple. A great look into the relationship between the fallen Italian president and his powerful Russian counterpart. Is it all business, or do they actually share something more? Financial Times</p> <p>Should U.S. monetary policy have a ternary mandate? Joe Peek, Geoffrey M.B. Tootell, and Boston Fed president Eric Rosengren apparently set out to examine “the role of financial instability concerns in setting monetary policy.” They did this by identifying buzzwords “related to financial instability appearing in FOMC meeting transcripts” and used their word counts to see how they impacted Fed policy. The results are astounding. Boston Fed (pdf)</p> <p>Lagarde-ian of the Galaxy. Guardians of the Galaxy reference aside, here’s a great interview with the IMF’s Christine Lagarde, where she shares her thoughts on Greece, the refugee crisis, and noisy Americans. Huffington Post</p> <p>Sun Edison - some comments and a way forward. Sun Edison’s recent fall took down more than few a big-named fund managers with it. Here’s John Hempton on why he took a long position on it. Bronte Capital</p> <p>Watch woman yell “bear don’t eat my kayak” as bear eats kayak. A riveting tale featuring a kayak, a bear, and a woman who pepper sprays it in the face. The Verge<br /> Photo: European People's Party</p>
The cost of living in a bubble: $455m
Lifestyle, 4:01
<p>If you are into unique properties, then look no further than “Palais Bulles”, the French Riviera estate of Italian-born designer Pierre Cardin that has just gone on the market.</p> <p>Looking like a terracotta cluster of bubbles, the $455 million property (insert joke about frothy real estate valuations here) is found atop a cliff in Massif de L’Esterel, a volcanic mountain range by the Mediterranean Sea.</p> <p>Designed by Antti Lovag, the estate spans 13,000 square feet and consists of 28 spherical rooms including 10 suites with round beds. It also has three swimmings pools, several gardens, and a 500-seat amphitheater. Forbes reports that the style is typical of the Hungarian architect who believed the straight line to be “an aggression against nature,” given its rare appearance in the organic world. </p> <p>The property is famous for hosting countless star-studded bashes over the course of  Cardin’s 20-year residency, including James Bond’s 40th Birthday Party.<br /> Photo: Alamy</p>
Asia challenges North America as most active continent for venture capital deals in Q3
Venture Capital
<p>Venture capital deals in Asia comprised 38% of the global number, and 45% of global deal value in the quarter, while North America represented 44% of both global number and value</p> <p>The venture capital industry in Asia has seen strong growth over the past year, and in Q3 the aggregate value of deals was comparable to the total value of deals in North America. India and China, the largest part of the Asian industry, marked 709 financings in the quarter, worth a combined $16.9bn. There were 932 venture capital deals in North America in the same period, worth an aggregate $17.5bn. Asia’s share of global deal flow has increased by seven percentage points from Q2 to Q3 2015, and its share of deal value has increased by nine percentage points. At the same time, the North American market share of the number of deals dropped by six percentage points from Q2, while the aggregate value that the region contributed to the global total fell by nine percentage points from 53% in Q2 to 44% in Q3.</p> <p>Other key venture capital deal market facts:</p> <p> Worldwide Figures: Globally, there were 2,121 venture capital financings in Q3 2015, worth a combined $39.8bn. Although this marks a 9% drop in deal numbers from Q3 2014, the aggregate value is 88% higher than the same period last year.<br /> European Decline: Europe witnessed 297 deals in Q3, a 7% drop from last quarter. In 2015 YTD, 980 deals have been seen in the region, a 25% decrease from the 1,307 deals in the first three quarters of 2014.<br /> Chinese Growth: In Q3 2015, the aggregate value of deals in Greater China increased 88% from Q1. In that quarter, there were 252 deals worth a combined $6.9bn, while in Q3 there were 437 deals, worth $13bn.<br /> Financing Rounds: Angel and seed investments comprised 22% of venture capital deals in Q3, unchanged from Q2. Series A deals comprised 20% of the number of deals, and series B comprised 10%. Add-on deals decreased from 8% of the number of deals in Q2 to 5% in Q3.<br /> Average Deal Size: The mean value of venture capital deals has increased across all financing stages from 2014 to 2015 YTD. Average series A deal value has increased 35%, from $7.9mn in 2014 to $10.7mn for 2015 YTD. Average venture debt deal size was stable in 2013 and 2014, at $9.7mn and $9.6mn respectively, but has now increased to $40.9mn in 2015 YTD.<br /> Biggest Deals: The two largest investments in Q3 2015 were both in Chinese transport technology firm Didi Kuaidi. The company received $2bn in July, and a further $1bn in September, from a consortium of investors including Alibaba and CIC. The next largest financing was $1bn to Uber Technologies Inc., from Microsoft Corporation (NASDAQ:MSFT) and Times Internet. Nine of the ten biggest venture capital deals in Q3 were based in Asia.<br /> Dry Powder: The unspent capital available to venture capital firms currently stands at $143bn globally, up slightly from the $141bn in dry powder recorded at the end of last quarter.</p>
Weekend Scan: US equities, bonds rally despite ugly jobs report
Capital Markets
<p>Good morning everyone. After dipping into the red shortly after the disappointing jobs report, U.S. markets staged a mid-day rally largely thanks to a spike in oil prices. The S&amp;P gained 1.4%, the Dow jumped 1.2%, while the Nasdaq soared 1.7%. The biggest moves however were in the U.S. bond markets, where the 10-year Treasury yield sank to a five-month low of 1.98% after returning 2.042% just the day before. 30-year bond yields meanwhile fell to 2.826%, while Fed funds rate futures – after indicating a 14% chance of an October rate hike earlier in the day – saw that chance slip to 5% shortly after the report. I wonder if the Fed feels the same way.</p> <p>Here’s what else you need to know:</p> <p>Russia, Saudi Arabia to keep foot on the gas. Despite the massive decline in oil prices, Russia and Saudi Arabia – the world’s largest oil producers – will be keeping the pedal to the metal as far as oil production is concerned. Russia apparently pumped an average of 10.74 million barrels a day in September, a figure unseen since the Soviet era. Wall Street Journal (paywall)</p> <p>World Cup sponsors demand Sepp Blatter’s head. With the Fifa president officially under criminal investigation, three of the World Cup’s largest sponsors – McDonald’s, Budweiser, and Coke – are all demanding for his resignation. Blatter’s lawyer however, had this to say: “Mr. Blatter respectfully disagrees with its position and believes firmly that his leaving office now would not be in the best interest of Fifa nor would it advance the process of reform and, therefore, he will not resign.” Financial Times (paywall)</p> <p>Civilian police worker shot in Australia. The man was murdered as he left work Friday. The gunman, who was shot and killed by police, fired shots at police officers leaving a police headquarters near Sydney. CNN</p> <p>Mudslide kills nine in Guatemala. Up to 600 people are also missing after heavy rains moved sludge and rock outside the capital city. Reuters</p> <p>At least 10 dead after Oregon shooting rampage that targeted Christians. A gunman opened fire at Umpqua Community College in Oregon, lining up victims and shooting those who said they were Christian. The suspect was killed. CNN</p> <p>Pope met with gay ex-student in Washington. Critics have slammed the pope for meeting with Kentucky clerk Kim Davis during his visit to the U.S. Davis has taken a public stance against gay marriage. The Vatican says that the pope’s visit with Davis does not mean an endorsement of Davis’ views. The pope also had a “real audience” with his former student Yayo Grassi. Grassi, a gay man, brought his partner of 19 years to meet the pope. New York Times<br /> You won’t believe this…<br /> Want a date? Use proper grammar. Grammar snobbery has become prevalent on dating sites, and is a “permissible prejudice.” Dating site users rank good grammar above a person’s confidence and teeth in</p>