Hedge fund backed Terablitz recently announced the launch of Terabitz Home Snapshots, which, according to the company, "Give the real estate professional an innovative solution that enables them to more effectively build their client base, and help those clients buy or sell a home.
California-based Terabitz was founded in 2006 by father and son Ashfaq and Kamran Munshi. The company is funded by Tudor Capital, part of the Tudor Hedge Fund family.
Home Snapshots combine the traditional listing information with slide shows, neighborhood and market data, and dozens of other “bitz” of local information relevant to the property. Essentially, they create a “home page” for each property or neighborhood with which consumers can interact. Home Snapshots can be emailed, instant messaged, linked to on blogs or websites, and dynamically updated, making the entire experience richer and more collaborative.
“Home Snapshots represent the first of many Terabitz solutions that will drive the success of our broker partners,” said Ashfaq Munshi, CEO of Terabitz. “We offer superior technology that helps brokers acquire and retain top agents, while continually improving their performance. We are thrilled to be working with such a high-caliber partner like Intero who exemplifies excellence and innovation in the industry.”
Intero Real Estate Services is the first broker partner to utilize Home Snapshots, prominently displaying thousands of its property snapshots on Terabitz.com.
Brokers can easily publish their existing MLS listings as Home Snapshots by simply providing Terabitz standard content feeds.
Terabitz is an online resource for consumers evaluating a real estate transaction. Property listings, neighborhood highlights, local market data, and local service providers can be accessed, stored, and shared and after the property transaction.
27 Aug 2007
Islamic Financial Services Board Hosts Forum
The Islamic Financial Services Board (IFSB) and the Financial Stability Institute (FSI) of the Bank for International Settlements today announced the presentation of "The European Challenge" it will be the 2nd Forum on Islamic Financial Services.
The forum will be held on the 5 & 6 of December, 2007 in Frankfurt, Germany. Deutsche Bundesbank is supporting the Forum.
The 2nd "European Challenge" has been organised in response to the increasing interest shown in Islamic financial services within and among European nations. The Forum will touch on the overview of the Islamic financial services industry as well as the different approaches towards it's implementation across the globe.
On a more global perspective, the Forum will also serve as a platform to discuss the development of related global prudential regulations for the Islamic financial services industry developed by the IFSB in comparison to Basel II.
Secretary General of the IFSB, Professor Rifaat Ahmed Abdel Karim, commenting on the importance of holding a Forum that caters to the European market said "It is important for the IFSB to understand the different regional markets in our efforts to facilitate the sound and stable growth of the Islamic financial services industry at global level. This Forum aims to be an interactive platform for facilitating a better understanding of the Islamic financial services industry from a European perpective."
The Forum follows the success of the inaugural one which was held in Luxembourg in November 2005. The 1st Forum was supported by the Centrale Banque Du Luxembourg and attended by over 150 delegates from 26 countries.
This one is expected to attract participants from among senior supervisors, finance officers, financial analysts, compliance officers, accountants, auditors, retail and private bankers, investment advisors, lawyers and academicians.
The forum will be held on the 5 & 6 of December, 2007 in Frankfurt, Germany. Deutsche Bundesbank is supporting the Forum.
The 2nd "European Challenge" has been organised in response to the increasing interest shown in Islamic financial services within and among European nations. The Forum will touch on the overview of the Islamic financial services industry as well as the different approaches towards it's implementation across the globe.
On a more global perspective, the Forum will also serve as a platform to discuss the development of related global prudential regulations for the Islamic financial services industry developed by the IFSB in comparison to Basel II.
Secretary General of the IFSB, Professor Rifaat Ahmed Abdel Karim, commenting on the importance of holding a Forum that caters to the European market said "It is important for the IFSB to understand the different regional markets in our efforts to facilitate the sound and stable growth of the Islamic financial services industry at global level. This Forum aims to be an interactive platform for facilitating a better understanding of the Islamic financial services industry from a European perpective."
The Forum follows the success of the inaugural one which was held in Luxembourg in November 2005. The 1st Forum was supported by the Centrale Banque Du Luxembourg and attended by over 150 delegates from 26 countries.
This one is expected to attract participants from among senior supervisors, finance officers, financial analysts, compliance officers, accountants, auditors, retail and private bankers, investment advisors, lawyers and academicians.
Australian Hedge Fund Up $20 Million
HFA Holdings, an Australian hedge fund manager that manages more than $3 billion, announced a surge in annual profit, and says the outlook is very positive.
Paul Jensen, cheif Executive at HFA, said the outlook for the company remained positive despite recent equity market volatility. Annual profit was $20.3 million, up 288%, while normalised profit, excluding one-offs, was up 157%.
HFA, which listed on the Australian stock exchange in April 2006, said the result beat its prospectus forecast guidance of a $13.9 million profit, by 46%. The hedge fund manager also announced that they plan on reopeninf two of their funds for investment in the first half of fiscal 2008.
The strong result reflected continued inflows into its hedge fund products, plus two capital raisings during the year. The declining share price forced HFA to postpone an estimated $700 million cash-and-scrip takeover of US counterpart and long-time investment partner Lighthouse Investment Partners.
HFA previously told the market that it had taken short positions on the US sub-prime mortgage market and was therefore benefiting from the crisis, but that hasn't stopped its shares falling from $3.00 on July 25 to a low of $1.65 on August 15.
With offices in Sydney, Melbourne, Brisbane and executives based in Perth and Hobart, HFA is a specialist funds management company providing absolute return fund products to retail, wholesale and institutional investors throughout Australia.
Paul Jensen, cheif Executive at HFA, said the outlook for the company remained positive despite recent equity market volatility. Annual profit was $20.3 million, up 288%, while normalised profit, excluding one-offs, was up 157%.
HFA, which listed on the Australian stock exchange in April 2006, said the result beat its prospectus forecast guidance of a $13.9 million profit, by 46%. The hedge fund manager also announced that they plan on reopeninf two of their funds for investment in the first half of fiscal 2008.
The strong result reflected continued inflows into its hedge fund products, plus two capital raisings during the year. The declining share price forced HFA to postpone an estimated $700 million cash-and-scrip takeover of US counterpart and long-time investment partner Lighthouse Investment Partners.
HFA previously told the market that it had taken short positions on the US sub-prime mortgage market and was therefore benefiting from the crisis, but that hasn't stopped its shares falling from $3.00 on July 25 to a low of $1.65 on August 15.
With offices in Sydney, Melbourne, Brisbane and executives based in Perth and Hobart, HFA is a specialist funds management company providing absolute return fund products to retail, wholesale and institutional investors throughout Australia.
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