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2013-03-01 22:02:00
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FISKER More Celebrity endorsements for Fisker<http://www.complex.com/rides/2013/02/the-game-and-his-friends-left-the-fisker-dealership-with-four-karmas> Complex 2/28 ‘The Game’ and his friends have bought Fisker Karmas and spoken favorably of the car via Twitter. Sequester does not target EV tax credit<http://www.torquenews.com/1083/millionaires-sigh-relief-sequester-does-not-target-ev-tax-credit> Torque News 2/27 The $7,500 federal tax credit for EVs will not be cut. EFH Warren Buffett called the explosion of the biggest LBO in history last year<http://www.businessinsider.com/buffett-energy-future-bankruptcy-2013-3> Bloomberg 3/1 Buffett claimed to have ‘totally miscalculated the gain/loss probabilities when [he] purchased the bonds’. EFH creditors said to hire Millstein for debt talks<http://www.bloomberg.com/news/2013-02-27/energy-future-creditors-said-to-hire-millstein-for-debt-talks.html> Bloomberg 2/27 Jim Millstein, the U.S. Treasury Department’s former chief restructuring officer and his firm Millstein & Co. have been retained by senior creditors to EFH’s completive power unit. WEATHER Android popularity triggered The Weather Channel app update<http://androidcommunity.com/the-weather-channel-android-app-popularity-triggered-the-recent-app-update-20130226/> AndroidCommunity 2/26 Essentially the app update was born out of the increasing popularity of the Android platform. BUSCH New 134-room hotel planned for SeaWorld Orlando<http://www.bizjournals.com/orlando/news/2013/02/26/new-134-room-hotel-planned-for.html> Orlando Business Journal 2/26 The hotel will sit on a 3.5 acre piece of land by SeaWorld Orlando PRIVATE EQUITY Shariah funds lure Middle East LPs to Southeast Asia<http://blogs.wsj.com/privateequity/2013/02/27/shariah-funds-lure-middle-east-lps-to-southeast-asia/> WSJ 2/27 Asian managers, joining a trend from the bond markets, have begun launching Islamic private equity funds in response to interest from investors in the Middle East. LPs turn their eyes to Africa<http://blogs.wsj.com/privateequity/2013/02/28/limited-partners-turn-their-eyes-to-africa/> WSJ 2/28 PE investments in emerging markets have become even more diversified and deal flow has picked up in North Africa, specifically Morocco. Why NYC might take pension funds management in-house<http://blogs.wsj.com/privateequity/2013/02/28/why-n-y-c-might-open-its-pension-funds-to-outside-management/> WSJ 2/28 NYC’s pension funds uncharacteristically use investment managers, but this may soon change. A new blow in South Carolina’s $27bn pension brawl<http://blogs.wsj.com/privateequity/2013/02/28/a-new-blow-in-south-carolinas-27-billion-pension-brawl/> WSJ 2/28 The SC Investment Commission, which oversees the state’s pension fund, voted 5-1 to “censure” SC Treasurer Curtis Loftis for his on-going critique of the state’s investments strategy, which boasts one of the largest concentrations in PE, hedge funds and other alternatives among large U.S. pensions
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