Tag: Funds
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EU Commission freezes Russian funds indefinitely: Euroclear compromised by Russian agents
The EU Commission has frozen indefinitely Russia’s funds held at Euroclear and other banks and facilities with an emergency ruling taken by a qualified majority at the European Council invoking article 122 of the Treaty of the European Union. The decision has been made after Belgium’s Prime Minister Bart de Wever has staunchly resisted the…
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State of the University of Malta
If you give me €150 million that is value-added to society. If you give me the €1.5 billion that is ten times more the original added-value, so it is ten-times more better for society. I am the University of Malta. Mark CamilleriWebsite Editor Historian and Publisher
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UK-based Maltese fund manager outruns local counterparts with a 104% total return as of 2018
With average return of 14%+ in the last couple of years and a 104% total return from 2018, Malcolm Schembri managing a small UK-based fund call Epic Global Equity, is undoubtedly one of the top performing Maltese fund managers right now. He is also well-ahead in his Global Equity Class category in the UK at…
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MAPFRE MSV Life: broken expectations and low returns
Yesterday, I was inundated with messages and and emails from clients of the MAPFRE MSV Life policies who feel they have been deceived. MAPFRE are acting simultaneously, as a financial advisor, fund manager and even fund/stock broker. Supposedly they provide insurance services, but their foray into financial services has left many Maltese clients broken and…
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Clients should be made aware that MAPFRE MSV Life’s funds are under-performing massively and their model is outdated
Following last week’s announcement by Mapfre MSV Life plc that they are paying a “bonus” of 2.5% to some of their clients holding money in some of Mapfre’s profitable funds, retail clients should be informed of the full facts. Firstly, Mapfre has a conflict of interest in acting as a financial advisor given that they…
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Calamatta Cuschieri’s funds keep up their horrible track-record
First of all, a shout out to FinTelegram, which is the only website conducting investigative journalism in the local finance industry apart from this website. Both of us have covered the horrible track record of local funds, and in particular, FinTelegram has covered Calamatta Cuschieri in extensive detail while I tried to cover most of…
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A gentle reminder to Lovin Malta that Suha Arafat escaped to Malta after embezzling tens of millions of US Dollars from Palestinians
Lucky for me, I still have a job in Malta because the press often overlooks many things, and information is so frequently distorted by loyalties, friendships, or just pure naivety. Like, for example, Lovin Malta interviewing Yasser Arafat’s previous wife, Suha Arafat, as if her opinion or views are worth anything. Suha Arafat escaped to…
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Giovanni Scolaro was involved in a building collapse in 2019, but there is more
This is an interesting find, although not directly related to Jean Paul Sofia’s case. Giovanni Scolaro, Kurt Buhagiar’s Italian business partner was involved in the collapse of a building in Guardamangia in 2019. SC Building was responsible for the construction site adjacent to the building that collapsed. Giovanni Scolaro has a phantom company with Kurt…
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Labour’s fairytales
Our Labour government can’t hold an honest discussion about the Maltese economy and instead, sells its narrative with fairytales and half-truths such as that Malta received more than €1.3 billion in foreign direct investment this year. Most of this is actually money that goes to funds, shell companies, and insurance companies and isn’t money that…
