by: Anthony DemangoneEarlier this week, it was announced that ESPN will become be available via streaming. The development eliminates another reason to pay for an expensive bundle of television stations via a cable subscription.For years, consumers have complained about skyrocketing cable bills, poor customer service, and having to pay for channels that they never watch. But what could we do?Now we can do plenty.This shouldn’t surprise you, though.For years, hotel chains could charge you outrageous fees to make telephone calls from the room. But what could you do? Enter the cell phone.A while ago, I wrote about how techology destroyed India’s telegram offices. In the 1980s, there were 44,000 telegram offices. Today, there are none. Twenty years ago, it was tough to grab a good bite to eat on a road trip. Any exit was a risk, taking you from your planned route. It was a huge unknown as to where you might eat, and whether the restaurant was good. Usually, you’d exit where you saw a bright neon sign of a national chain. You knew it wouldn’t be fine dining, but at least you knew where it was and what you were getting. Now, GPS devices allow drivers to fearlessly explore new areas. And applications such as Yelp allow you to find wonderful restaurants based on peer reviews. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
To tender, managers should have a minimum $2bn is assets under management for the mandate and a minimum of $5bn for the firm itself.Managers should also have a minimum track record of three years, preferably 10.Interested parties should supply performance data, gross of fees, to the end of 2013.The closing date for applications is 14 February.Meanwhile, in another search (QN1385), an undisclosed public sector pension fund in Switzerland tendered a CHF50m-75m (€41m-61m) global convertible bonds mandate.The investor requests an active strategy with a high gamma focus using the UBS Convertibles Global Focus as a benchmark.The manager should have a minimum of CHF1bn of AUM in convertibles, with a minimum fund AUM of CHF150m.Managers should have a minimum five-year track record, and performance data should be supplied, net of fees, to the end of 2013.The closing date for applications is 2 February. An undisclosed institutional investors has tendered a $200m (€146m) large-cap Asian ex Japan equity mandate using IPE-Quest.In search QN1384, the investor said it was looking for an active investment strategy and that it was agnostic towards style biases.It said strategies should not be quantitative driven and should explicitly focus on Asia ex Japan. Asia Pacific strategies will not qualify.The mandate requests the manager employ the MSCI AC Asia ex Japan index as a benchmark.