September 29, 2016 · Business Leaders · (No comments)

Antony Ressler, the investment fund manager is finalizing the deal with the Atlanta Hawks ownership group for the purchase of the professional NBA basketball Team Atlanta Hawks. The group of buyers that make up the Ressler Group are Jesse Itzler, Grant Hill as well as the co-founder of Marquis Jet. They will be buying the Hawks from the group of current owners which include billionaire businessman Bruce Levenson, Michael Gearon Jr and other members for the staggering amount of $850 million. This is $150 million less than was initially estimated by the banks that Bruce Levenson hired to take over the sale. They estimated it at $1 billion.
Antony Ressler told the papers that he was very excited about becoming the new stewards of the Atlanta Hawks. Him and his fellow business partners are waiting on the NBA’s approval process. Irwin Raij who is the attorney that facilitated the sale told ESPN that the price was a strong amount for the market. This strength shows the potential worth of the NBA product at this moment in time. There are a number of both local and national media deals to take into consideration and reflect within the sales price.

Back in 2004 when Bruce Levenson bought the Atlanta Hawks along with the NHL’s Atlanta Thrashers with a group of businessman, they only payed a minimal $250 million. This also included the operating rights to the Philips Arena. The Thrashers were later sold at $170 million and they relocated to Winnipeg. This shows the type of profit that was made on the sale of the Hawks to Antony Ressler and the rest of the group of new owners. There is money in professional basketball and this shows. For more information on Mr. Levenson, visit

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March 4, 2016 · Business Leaders · (No comments)

Investors are always looking for a way to make money rather than loose money. Brad Reifler, CEO and founder of Forefront Capital suggest five ways to be safe while investing.

*Always consider the pros and cons of each investment. Be careful and plan how you
want your money to work for you.

*Always be cautious with your money. You work hard to make it.

*Never invest all you money in the stock market.

*Choose an investor with experience and one that is knowledgeable of the market.

*Know the importance of investing. Be goal oriented. Start small and then build it
up if it is working.

The world of investment is controlled by the wealthy. There is a large portion of the population that invests in small amounts. This 1% make up almost 99% of the United States population. Diversifying is important to the success of investing. Usually diversification was for investors with wealth. Reifler says he is changing his mind set and his firm will follow suit. CrunchBase shows Reifler has changed directions due to several past investment issues that resulted in poor returns, leaving him with a bad taste in his mouth. He found that 99% of investors are very limited in how and what they can invest in.

Most of the investment guidelines sanctioned by the Security and Exchange Commission leave out small investors. These standards could only be met by the very wealthy. Standards stated that you must have a net worth of one million dollars to qualify. These old regulations were put in place to protect investors and shareholders from risky investments. But the market has evolved and people are more knowledgeable about investing.

Reifler and his company have adapted strategies to help eliminate fear for investors. He wants his clients to feel empowered and have a greater depth of knowledge when it comes to investing.  Brad’s official website has further information.

January 28, 2016 · Business, Business Leaders · 1 comment

According to Wikipedia, Banco BMG is a private financial company under the control of Pentagna Guimaraes. The Guimaraes family has been in the commercial business in Brazil since 1930. When the BMG bank was first established, it mostly dealt with loaning both at retail and wholesale level. From 1998, it changed to payroll loans and had become famous for that.


BMG partnered with Itau Unibanco in 2012, forming Banco Itau BMG SA Payroll. BMG currently has 40% of the total shares while Itau Unibanco holds the remaining sixty percent. F


Ricardo Guimaraes is a businessman and the Chief Executive Officer of BMG Bank. Initially, he worked at the bank as an office assistant from 1980 and in 1988, he moved to the position of business administrator. He was the son of Flavio Guimaraes Pentagna.


On April, 18th, 2011, a ceremony for the honors degree was held in honor of Ricardo Guimaraes. Daniel Nepomuceno organized the celebration and during the event, he rained praises to Ricardo for the excellent work he had done. Ricardo was remembered for the rebranding BMG and his support for sports such as tennis, soccer and volleyball among others.


In 2010, the Ricardo Soccer BRI was created; it’s an investment capital for football athletes. The program generates more than 20 million dollars which supported several athletes in their career. In his speech, Mr. Guimaraes said he was proud and happy to continue what his grandfather started and that Belo Horizonte will always remain the family roots.


Ricardo has seen Bank BMG have a small defaulter rate through his managerial skills and experience. He is a lover of football and die hard supporter of Atletico Mineiro club. Mr. Guimaraes has been the president and sponsor of the team. By sponsoring the Brazilian football clubs, BMG Bank’s brand is marketed and strengthened.


The popularity of Banco BMG is done naturally when matches are announced on national media to a big audience; this makes viewers now the brand. Through the support, the bank gets one of the most significant returns.


Ricardo Guimaraes purchased the Schahin Bank and GE Money Brazil, as he felt the need to include new products to the bank and also the market was changing. With these two new banks, Ricardo was able to offer new services such as varied individual loans and vehicle funding.


Ricardo is a skilled entrepreneur and excellent leader who deserve global recognition for his good work. Having started from the lowest rank in the family business, he worked his way up and become one of the greatest executives; he is an example of many.

November 2, 2015 · Business Leaders · (No comments)

Bruce Levenson is one of the better known and very successful businessmen in America. He is also a visionary entrepreneur and journalist and has worked for Washington Post. He is also an entrepreneur and was a co-founder of United Communication Group which they started with a friend, Ed Peskowitz. The company later gave rise to an offshoot, TechTarget, in 1999. He was one of its founders and served on its Board of Directors until 2012. TechTarget is a media company that focuses on the IT industry providing content targeted at technology buyers like CTOs. Meanwhile, it sells marketing and data analytics solutions for targeted sales and marketing. The company went public in 2007.

Bruce Levenson is also the former owner of NBA basketball team Atlanta Hawks. He become one of the majority partners of Atlanta Hawks in and has since served on the NBA Board of Governors as Hawks’ Governor. Atlanta Hawks owns the Philips Arena and the NBA team Atlanta Hawks.

He is respected as a business strategist and experienced entrepreneur. He has served as an adviser for a private equity firm, BIA digital partners and held a position on the Board of Directors of Newsletter and Electronic Publishers Association (NEPA). Together with Ed Peskowitz, they were inducted in 1997 into the Software and Information Industry Association’s Hall of Fame.

Levenson is also known for being a philanthropist and his involvement with community-based organizations. He held the position in I Have a Dream Foundation, serving as President of the Washington Chapter. The I Have a Dream Foundation is geared towards helping children from low-income homes to pursue higher education. Other organizations he has involvement in as a philanthropist include the Hoop Dreams Foundation and Community Foundation of Washington D.C.

Not only is he involved with philanthropic foundations, Forbes billionaire Bruce Levenson has driven the founding of one of the most successful. Drawing from his experience as a philanthropist, entrepreneur and businessman, Karen and Bruce provided the seed money to fund the founding of the Centre for Philanthropy and Nonprofit Leadership. The Center is at the University of Maryland and has become one of the fastest growing and leading centers on philanthropic studies.

Bruce Levenson stated that in establishing the center, the meant to meet two goals. The first was to equip students with the skills required to be trailblazers and leaders in the non-profit sector. It also serves to ensure students of the University of Maryland graduate as motivated and well-informed philanthropists.

Some of his recent entrepreneurial endeavors include the sale of stake in Atlanta Hawks. He also co-founded a private company called DOT. DOT is a cooking technology company and it has invented a new cooking technology.

When not involved in business and other work related activities, Bruce love to spend time outdoors and leads an active lifestyle. He is a golfer, skier and adventure traveler. He is also to be found on the court whenever he can, being an avid basketball player.

October 24, 2015 · Business Leaders · 1 comment

Ken Griffin was born in 1968, in Florida. He began his investment when he was in the first year at Harvard University in 1986, after reading an article in Forbes. He started investing with creating a hedge fund that was centered on convertible bond arbitrage during his second year at Harvard. He finalized his education at Harvard in 1989 with an Economics Degree.

The hedge fund was financed with capital that Kenneth got from his friends, family and even some gotten from his old grandmother. So that he could get real-time data, he mounted a satellite dish on top of his dormitory room. This strategy on investment aided in the preservation of capital when the stock market crashed in the year 1987. The early success led to the launching of a second similar fund.

With Kenneth Griffin being the founding father, Citadel came into existence with a capital of $4.6 million, in 1990. After approximately eight years of being in existence and being operational, Citadel has accumulated slightly above 100 employees. After about twenty years of thriving in the industry, Kenneth Griffin has made appearances severally as the chief executive officer (CEO) of Citadel in the Forbes Magazine. He made his every first appearance in the Forbes in 2003 when he had accumulated an estimated wealth of $650 million. At a mere age of 34, Kenneth was the youngest self-made millionaire in this list.

In the beginning of 2015, Citadel got recognized for being the best and top working environs within the financial industry based on the survey done by the employees in the organization. Mr. Griffin got accredited or rewarded for inventing a working culture that was outstanding within Citadel. One of the Implementations was the providing of gifting to the workers like museum tours, fitness programs, personal gifts and free lunches.

Griffin was featured as a panelist in the Milken Institute Global Convention with his talk being more focused on Citadel and how creating outstanding organizations is based on highly investing in the company’s activism and more so on employees. He further stipulated that companies should set themselves free from allocating great roles to activists or shareholders in the running of the companies. The benefit that most organizations enjoy is got from the society so they should try giving back to the society at all times.

Insidermonkey fund manager Ken Griffin has advised several times on views related to the concerns related to financial regulations and market restructuring based on the vast experience he has acquired over the years of being a business executive. This has made his testify in varied hearings by the government.

He has insisted many occasions on the want of putting stipulations in place that can help catching up with the variations happening in the market structure to be capable of increasing fairness and resilience in the American Equity market. Until the organizations embrace these changes the financial sector is going to face more and more troubles.

October 15, 2015 · Business Leaders · (No comments)

When James Dondero and Mark Okada met, they were both working in the investment industry, and they both knew it was time for a change. Dondero had accumulated a lot of experience in credit management, and Okada was a wiz when it came to financial issues. In 1993, the men decided to open Highland Capital Management in Dallas in order to offer investors their expertise in alternative credit management. Dondero wanted to do it right so Highland Capital became an SEC-registered investment firm that specializes in credit strategies. Those strategies include collateralized loan obligations (CLOs), credit hedge funds, and distressed and special situation private equity.

James Dondero made sure that Highland Capital developed a diversified client base, and he was successful. Some of Dondero’s clients are public pension fund plans, endowments, financial institutions, wealthy investors, corporations and governments around the world. In order to service those clients, Dondero decided to open satellite offices in Singapore, New York, Seoul and Sao Paulo. Dondero and Okada have built an investment firm that has more than $28 billion assets under management, and it is still growing.

One of Dondero’s shining moments was in 2014 when the international newspaper of money management, Pensions & Investments, named Highland Capital Management one of the best firms to work for in the money management industry. James Dondero of told the paper that he was proud of the culture at Highland Capital. He said everyone that works for the company is rewarded for their achievements, and it shows in our profitable corporate figures.

When Dondero is not in his Dallas office, he is traveling around the world. Dondero manages assets in emerging markets in Latin America, Asia, Europe and North America. Not all those assets are producing double digit returns, but most of them have produced better-than-average returns for the last ten years. The biggest challenge is to make sure those assets keep producing good returns as well as to find new assets that can replace assets that have served their purpose.

Mr. Dondero finds distressed stocks and bonds and sits on them until they increase in value. He is currently focused on Brazil’s distressed assets. Every day something happens in Brazil that make investors nervous, but Dondero knows better than to get nervous over Brazil. He knows that country and he knows where to invest even when unemployment is pushing 8 percent, and inflation is running at 10 percent. He doesn’t get excited when he hears about the political mess. Brazil is always immersed in some kind of political mess. What Dondero looks at is how will Brazil handle getting back what it has lost and he might have an answer.

Dondero thinks the Olympic Games will stimulate the economy, but he also thinks the 40 million people that make up the current middle class in the country will force change. The government started a program to move away from an export driven economy to a consumer driven economy, and that must continue in order for the economy to grow.

September 25, 2015 · Business Leaders · (No comments)

The National Basketball Association, typically referred to in acronym form as the NBA, is the largest professional basketball organization in the world, and is based out of the Unites States. The NBA has twenty-nine teams in the United States, and one in Canada: the Toronto Raptors. The Association is split into two conferences — the Western Conference and Eastern Conference — and each conference into three divisions.

The Basketball Association of America was founded in June, 1946, in New York City. Three years later, the BAA joined forces with its rival, the National Basketball League, to form what people today know as the National Basketball Association. The name of the NBA has not been changed since the creation of the organization in 1949.

The NBA experienced the most growth in the late seventies and early eighties, when the three point line was added to regular game rules. Larry Bird and Magic Johnson were drafted in the same draft, and started playing in 1979. At the time their careers were over, they scored eight titles, collectively, even though they always played on different teams. In the mid-1980s, Michael Jordan – the greatest basketball player of all time – began to play. Michael Jordan helped popularize the sport tremendously, especially the National Basketball Association as an organization.

Another reason why the National Basketball Association has experienced so much growth into the size it is today is because of the funding that all thirty teams are capable of having. There is no limit as to what an owner can spend on his or her team, except through the payments to its players. Owners can spend whatever they want on arenas, advertising, or any other expense or investment one can think of.

Mr. Bruce Levenson is the former owner of the Atlanta Hawks. Mr. Levenson of purchased the Atlants-based basketball club for around five hundred million dollars a few years ago, and recently sold it for right under three quarters of a billion dollars. Talk about one large profit!

The Atlanta Hawks made it all the way to the Eastern Conference Finals last season, where they lost to the Cleveland Cavaliers, largely due in part to Lebron James’ incredible leadership, which were later displayed in the NBA Finals. Mr. Levenson’s savvy business sense and large reserve of money to spend on the Atlanta Hawks helped them become they great team they are today.

The National Basketball Association is recognized by FIBA, which is the other main governing body of basketball. The NBA follows its own set of rules, and sets precedents for United States basketball organizations (although high school and college do have slightly different sets of rules to abide by). FIBA sets rules for international basketball, but the NBA does not follow them, but they are similar.

The NBA’s headquarters operate out of the Olympic Tower in New York City, and is commissioned by Mr. Adam Silver, who was named commissioner in early 2014. The NBA has had one of the best seasons in recent history this past year, and is expected to have just as successful a year this year as last year.