ACRA, ISCA sign agreement on financial reporting surveillance

ACRA, ISCA sign agreement on financial reporting surveillance

By Nicole Tan
POSTED: 16 Jan 2014 22:33
More companies will have their financial statements come under closer scrutiny by Singapore’s Accounting and Corporate Regulatory Authority, through a tie-up with the Institute of Singapore Chartered Accountants.

SINGAPORE: More companies will have their financial statements come under closer scrutiny by Singapore’s Accounting and Corporate Regulatory Authority (ACRA), through a tie-up with the Institute of Singapore Chartered Accountants (ISCA). Read more of this post

Would you pay 8% in fees for an illiquid alternatives fund?

Would you pay 8% in fees for an illiquid alternatives fund?

The fees with Blackstone Group’s nontraded fund of hedge funds make 2 and 20 not so bad

By Jason Kephart   |  January 15, 2014 – 12:01 am EST

If the thought of paying the classic “two and 20” to a hedge fund makes you queasy, you may want to look away. Private-equity giant Blackstone Group is soliciting new shares for its $300 million Blackstone Alternative Alpha Fund, which carries a price tag that makes 2% in annual fees and 20% of profits look like a clearance sale. The nontraded fund of hedge funds has all-in annual costs of 8.28%, according to a filing with the Securities and Exchange Commission. Read more of this post

The Business of Risk Is Booming; As Fines Sting, a Hiring Spree for Compliance Staff

The Business of Risk Is Booming

As Fines Sting, a Hiring Spree for Compliance Staff

GREGORY J. MILLMAN and SAMUEL RUBENFELD

Jan. 15, 2014 8:13 p.m. ET

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In a U.S. economy struggling to create jobs, at least one field is booming: compliance. Hefty fines and other penalties have jolted companies, especially banks, into a compliance hiring spree, as governments at home and abroad tighten business laws and regulations and ramp up their enforcement activity. Read more of this post

The Average Hedge Fund These Days Is Basically An Overpriced Index Fund

The Average Hedge Fund These Days Is Basically An Overpriced Index Fund

SAM RO

JAN. 13, 2014, 8:26 AM 3,363 1

screen shot 2014-01-13 at 8.09.29 am

There are many types of hedge funds out there offering a variety of strategies. Generally speaking, most hedge funds will try to offer superior returns or stable returns in any market. But according to this chart from Morgan Stanley’s Adam Parker, “hedge funds in aggregate are essentially long the S&P 500.” Read more of this post

Structural change is the answer to the problem of bankers’ bonuses

January 16, 2014 4:41 am

Structural change is the answer to the problem of bankers’ bonuses

By Philip Augar

Regulators must act to open up pay in finance to conventional market forces, says Philip Augar

It is bonus time in the City of London. This annual ritual used to be about bankers, brokers and traders positioning themselves for a life-changing payout. But since the crash, the payouts are smaller and the actors have another role, which involves dodging the bullets from regulators and politicians. It is an intriguing drama with three distinct subplots: how EU bonus rules affect the City’s competitiveness; the unique case ofRoyal Bank of Scotland, taken into state control during the crisis; and, most importantly, identifying and addressing the underlying cause of the bonus rumpus. Read more of this post

Recession-weary Italians catch nostalgia for lira

Recession-weary Italians catch nostalgia for lira

9:18am EST

By Naomi O‘Leary

ROME (Reuters) – Twelve years since Italy introduced the euro, the national mint is still stamping Italian lire – and recession fatigue means nostalgia for the retired national currency is going strong. Read more of this post

How Big Government Drives Inequality

How Big Government Drives Inequality

DAVID MALPASS

Updated Jan. 15, 2014 10:53 p.m. ET

Inequality is the wedge issue that Democrats hope will carry them through the 2014 and 2016 elections, neutralizing the ObamaCare fiasco. The issue has popular appeal because median incomes (after inflation) have been falling throughout the recovery, while high-end incomes are increasing rapidly. Read more of this post

Skewed: Income Inequality in America

Skewed: Income Inequality in America

INCOME-INEQUALITY Read more of this post

‘Fragile Five’ falls short as tapering leaves more exposed

Last updated: January 15, 2014 8:39 pm

‘Fragile Five’ falls short as tapering leaves more exposed

By James Kynge

Fallout from loss of easy money leaves more emerging markets exposed

Forget the “Fragile Five”, the newly minted alliterative grouping of emerging markets at risk. The list of countries exposed as central banks tighten monetary policy is longer than the moniker suggests. Read more of this post

BlackBerry Woes Underscore Canada’s Currency Challenges

BlackBerry Woes Underscore Canada’s Currency Challenges

Smartphone maker BlackBerry Ltd.’s slide from innovator to also-ran epitomizes the challenges facing the Canadian dollar as the North American country looks to exports to fuel growth. Read more of this post

An alarming map of the 17 countries with possible housing bubbles

An alarming map of the 17 countries with possible housing bubbles

By Max Fisher, Updated: December 3, 2013 at 7:30 am

housing-bubbles

Economist Nouriel Roubini is warning that 11 countries are showing indications of potential housing bubbles – an alarming prospect for the global economy, which is still recovering from the aftereffects of burst housing bubbles in the United States and elsewhere. He identifies another six countries in which major urban areas may have housing bubbles. Read more of this post

Compliance officers are increasingly getting a direct line to their company’s boss, even though the chief executive might not be eager to hear about any problems

More Compliance Chiefs Get Direct Line to Boss

Companies Elevate Status of Head Watchdog, but Role Is Often Ambiguous

GREGORY J. MILLMAN and BEN DIPIETRO

Compliance officers are increasingly getting a direct line to their company’s boss, even though the chief executive might not be eager to hear about any problems. Many companies have responded to more aggressive government enforcement efforts by touting their compliance programs and even raising the rank of their chief in-house watchdog. Read more of this post

Fed Student-Loan Focus Recognizes Threat to U.S. Economy

Fed Student-Loan Focus Recognizes Threat to U.S. Economy

Tiffany Roberson works for the state of Texas as a parole officer, teaches part time and is living with her parents after finishing a master’s degree. She’s held off marrying her boyfriend of four years and starting a family because she owes more than $170,000 in federal and private student loans. Read more of this post

Firms Tripling Junk Returns Lure Most Since ’07: Credit Markets

Firms Tripling Junk Returns Lure Most Since ’07: Credit Markets

Firms that use borrowed money to lend to the smallest and riskiest companies are attracting cash at the fastest pace since before the crisis, wooing buyers with returns that are triple those of the broader junk-debt market. Read more of this post

19 Hard Things You Need To Do To Be Successful

19 Hard Things You Need To Do To Be Successful

DAN WALDSCHMIDTEDGY CONVERSATIONS

JAN. 14, 2014, 11:44 AM 48,437 5

You have to do the hard things.

You have to make the call you’re afraid to make.

You have to get up earlier than you want to get up.

You have to give more than get in return right away.

You have to care more about others than they care about you.

You have to fight when you are already injured, bloody, and sore.

You have to feel unsure and insecure when playing if safe seems smarter.

You have to lead when no one else is following you yet.

You have to invest in yourself even though no one else is.

You have to look like a fool while you’re looking for answers you don’t have.

You have to grind out the details when it’s easier to shrug them off.

You have to deliver results when making excuses is an option.

You have to search for your own explanations even when you’re told to accept the “facts.”

You have to make mistakes and look like an idiot.

You have to try and fail and try again.

You have to run faster even though you’re out of breath.

You have to be kind to people who have been cruel to you.

You have to meet deadlines that are unreasonable and deliver results that are unparalleled.

You have to be accountable for your actions even when things go wrong.

You have to keep moving towards where you want to be no matter what’s in front of you.

You have to do the hard things. The things that no one else is doing. The things that scare you. The things that make you wonder how much longer you can hold on.

Those are the things that define you. Those are the things that make the difference between living a life of mediocrity or outrageous success.

The hard things are the easiest things to avoid. To excuse away. To pretend like they don’t apply to you.

The simple truth about how ordinary people accomplish outrageous feats of success is that they do the hard things that smarter, wealthier, more qualified people don’t have the courage — or desperation — to do.

Do the hard things. You might be surprised at how amazing you really are.

What’s Your $1 Billion Idea?

What’s Your $1 Billion Idea?

by Doug Sundheim  |   1:00 PM January 13, 2014

Anyone would be inspired by the story of Nick Woodman, the CEO of GoPro, a $2.5B company that makes wearable HD video cameras.  The highlights:

In the late 1990’s/early 2000’s, Woodman blows $4M of VC money on a failed venture called funBugs.com, an ultimately ill-conceived loyalty, sweepstakes, and entertainment website.  In 2002, unsure of what to do with his life, he takes off to surf in Indonesia and Australia.  He wants to capture live-action shots from his surfboard.  The only cost-effective way to do this is by strapping a disposable camera to his wrist with rubber bands.  Not surprisingly, it doesn’t work well. Read more of this post

The daily rituals of business builders; In my experience, very few successful founders are late risers

January 14, 2014 3:28 pm

The daily rituals of business builders

By Luke Johnson

In my experience, very few successful founders are late risers

We cannot replicate the minds of geniuses: but we can know and perhaps copy their working habits. This is the premise of a fascinating little book called Daily Rituals, by Mason Currey. He examines the schedules of artists, philosophers, writers and composers. But what about entrepreneurs, inventors and tycoons? What are theirdaily rituals? Read more of this post

Investment secrets of billionaire David Hains

Investment secrets of billionaire David Hains

Published 06 January 2014 10:32, Updated 06 January 2014 12:20

Jonathan Shapiro

David Hains founder of Portland House investment business James Davies

At the far northern end of Melbourne’s ­Collins Street, nestled between an optometrist and a quaint stained-glass coffee shop, is a large wooden door fronted by two ­columns, lanterns and a metal crest. Read more of this post

Employees Who Feel Love Perform Better

Employees Who Feel Love Perform Better

by Sigal Barsade and Olivia (Mandy) O’Neill  |   11:00 AM January 13, 2014

“Love” is a not word you often hear uttered in office hallways or conference rooms. And yet, it has a strong influence on workplace outcomes. The more love co-workers feel at work, the more engaged they are. (Note: Here we’re talking about “companionate love” which is far less intense than romantic love. Companionate love is based on warmth, affection, and connection rather than passion). It may not be surprising that those who perceive greater affection and caring from their colleagues perform better, but few managers focus on building an emotional culture. That’s a mistake. could nothing if Hu did, the CRO

Read more of this post

Entrepreneur pens Chinese business savvy book

Entrepreneur pens Chinese business savvy book
Tuesday, January 14, 2014
By Chen Yingqun, China Daily/Asia News Network

BEIJING–Ambitious Chinese youngsters have long sought to learn from Western economic theories and best practice, so why don’t they tap into wisdom closer to home? Read more of this post

Finding Your Network Advantage; Companies have access to untapped value in their partnership networks, but many miss out on the available opportunities

Finding Your Network Advantage

Jan 13, 2014

Companies have access to untapped value in their partnership networks, but many miss out on the available opportunities

The decline in the fortunes of BlackBerry, the once touted leader in smartphones, could be blamed on many factors; its slow speed to market with new products, its innovation strategy or its niche markets. But one failure that particularly stands out is its lack of a strong alliance network. Read more of this post

Scientists, writers and other deep thinkers ponder a big question: What scientific idea is ready for retirement? (Hint: Watch yourselves, infinity and the universe.)

Over the Side With Old Scientific Tenets

JAN. 14, 2014

Here are some concepts you might consider tossing out with the Christmas wrappings as you get started on the new year: human nature, cause and effect, the theory of everything, free will and evidence-based medicine. Read more of this post

Why leadership-development programs fail; Sidestepping four common mistakes can help companies develop stronger and more capable leaders, save time and money, and boost morale

Why leadership-development programs fail

Sidestepping four common mistakes can help companies develop stronger and more capable leaders, save time and money, and boost morale.

January 2014 | byPierre Gurdjian, Thomas Halbeisen, and Kevin Lane

For years, organizations have lavished time and money on improving the capabilities of managers and on nurturing new leaders. US companies alone spend almost $14 billion annually on leadership development.1 Colleges and universities offer hundreds of degree courses on leadership, and the cost of customized leadership-development offerings from a top business school can reach $150,000 a person. Read more of this post

Chen Guangbiao’s Business Card Needs to Be Recycled; Chen doesn’t appear to have devoted the same sort of effort to technology systems at his own company

Jan 14, 2014

Chen Guangbiao’s Business Card Needs to Be Recycled

By Wei Gu

Recycling tycoon Chen Guangbiao should rethink his now-famous business cardAnd, perhaps, he needs to rethink his use of a business card to begin with.

Read more of this post

The Leadership Revival and The Great Revival

The Leadership Revival

JAN. 13, 2014

David Brooks

If you are in politics or public life, you probably had some moment of spine-tingling transcendence. Maybe you read the Declaration of Independence or watched the Rev. Dr. Martin Luther King Jr.’s mountaintop sermon, or read Nelson Mandela’s 1964 speech from the dock. Read more of this post

Six Steps To Becoming Hyper-Efficient

Six Steps To Becoming Hyper-Efficient

GWEN MORANENTREPRENEUR
JAN. 14, 2014, 9:19 PM 2,961 1

Being on the road for more than 150 days a year has made Joseph Grenny adept at being efficient on the fly. A popular speaker, author and corporate and leadership trainer, he has developed a number of ways to make himself more efficient whether he’s in his Salt Lake City, Utah, office running VitalSmarts, the training company he co-founded, or on the road. Here, he shares six strategies that can make anyone hyper-efficient. Read more of this post

Why Parents Need To Talk To Their Kids About Math

Why Parents Need To Talk To Their Kids About Math

ANNIE MURPHY PAULTHE BRILLIANT BLOG

JAN. 14, 2014, 9:32 AM 350

Many of us feel completely comfortable talking about letters, words and sentences with our children—reading to them at night, helping them decode their own books, noting messages on street signs and billboards. Read more of this post

Nurturing creative minds

Updated: Wednesday January 15, 2014 MYT 3:16:29 PM

Nurturing creative minds

BY DAVINA GOH

IN early 2012, a teacher and spoken-word artist friend of mine, Elaine, approached me to be part of a drama and poetry teaching project. I felt anxious, having zero experience in teaching. However, I had good working experiences with kids before, and I am a dramatic person by nature, and these instilled Elaine with enough good faith to have me on board. Read more of this post

Four Mistakes to Avoid When Predicting Competitors’ Moves

Four Mistakes to Avoid When Predicting Competitors’ Moves

by Leonard Fuld  |   10:00 AM January 13, 2014

Since 1986, Byron Wein, Vice Chairman Blackstone Advisory Partners (part of the Blackstone Group), has been offering 10 predictions for the coming year.  Most years he is about 50 percent correct. But for 2013 he was only about 15 percent on target. Gold did not reach $1,900 an ounce. Iran did not build the Bomb. The S&P did not plunge to under 1800 – in fact, it hit an all-time high. Read more of this post

6 Surprising Leadership Lessons From Climbing Mount Everest

6 Surprising Leadership Lessons From Climbing Mount Everest

JENNA GOUDREAU

56 MINUTES AGO 41

What does it take to stand on the top of the world? Mountaineer Alison Levine, author of new book “On the Edge: The Art of High-Impact Leadership,” knows better than most. The 47-year-old MBA and former Goldman Sachs associate has conquered the highest peak on every continent, skied to both the North and South Poles, and taken on the world’s tallest mountain twice, all with a rare heart condition.  Read more of this post