Partnership and Acquisitions

NexBank is a financial firm that delivers mortgage banking, commercial banking, and institutional services. It majorly offers its services to organizations, clients and other financial firms as well as real estate investors, large corporations and middle-market companies. The firm is committed to its clients and strives to provide a different value at each opportunity. It provides access to custom-tailored and sophisticated solutions to its clients and through experienced experts.

By June 30, this year, the firm has $8.0 billion assets, and it offers individual checking accounts, mobile banking, savings, and accounts treasury management as well as mobile banking and commercial lending. It serves individuals, companies, and institutions around Texas. It was previously known as Heritage bank before changing to NexBank in the year 2005. The firm was established in the year 1922, and the main offices are in Dallas, Texas.

NexBank Partnership with Dallas Neighborhood Homes

The Dallas Neighborhood homes, which is a nonprofit mortgage service provider that is currently working in partnership with the area Habitat for Humanity recently announced that it would provide affordable housing programs to the community in south Dallas. The objective is to provide more than 100 loans yearly for the next 5 years for low-income earners in various zip codes in the area.

To expand the program, NexBank which is a Dallas-based regional financial firm will be providing loans to support the project for the next five years. Dallas Neighborhood Homes will be using the proceeds to provide loans to potential homebuyers who are not in the position to get mortgages. The company will also offer free training and counseling to prepare individuals for their home ownership through the Area Habitat for Humanity. Apart from the loans, NexBank will help pay little fees for all closings completed via its affiliate.

NexBank Acquisitions

The financial institution recently announced that it purchased College Savings Bank, which majors in more than 500 college savings plans. College Savings Bank institutions will retain its name, branding and also maintain its current operations as a branch of NexBank. The Chief Executive Officer of the firm said that the deal was a winning transaction for both organizations and an important move in the entire funding strategy. The purchase will allow the company to serve the diverse needs of all clients and help them save for college.

Sahm Adrangi – An Exemplary Short Seller

The inauguration of the Kerrisdale Capital Management hedge fund in 2009 coincided with a historic bull market. Despite the budding trend of stock back then, the hedge fund’s founder, Sahm Adrangi, decided to bet against the stocks. By doing this, Adrangi established himself as a short seller. In 2017, Kerrisdale recorded an impressive 20% gain. According to Sahm, short sellers have the upper hand over other investors following the market swoon earlier this year.

Sahm Adrangi is Iranian by birth, although he spent much of his early years in Vancouver, Canada. A graduate of the Yale, Sahm made his mark seven years ago when he earmarked several Chinese enterprises that he perceived as the propagators of fraudulent schemes. Since them, Adrangi has become a prominent short seller, taking on multiple established companies. His most recent short bet is on Eastman Kodak, a firm whose stock shot up significantly after it became apparent that it was planning to launch a blockchain-backed platform to protect photographers from copyright flouting. As Sahm predicted, the stocks have plummeted by a whopping 55%.

According to Sahm Adrangi, short selling is a fairly risky venture, especially given that the market has been bullish for the best part of the last ten years. In this regard, Sham revealed that he has lost over 200% on certain short trades. However, an ebullient market is also good for short activisms, since it increase the likelihood of stocks losing their valuation in a relatively short time.

While 2017 was admittedly tough for short sellers, Sahm Adrangi is confident that the faltering of the markets in February will compel investors to look out for short sellers. Moreover, the demand for short seller hedge funds will most probably intensify. This is because unlike long exposures which is accessible through ETFs and mutual funds, short trades are only accessible via hedge funds.

Regarding the proliferation of cryptocurrency startups, Sahm Adrangi acknowledges that ther will be as many losers as there are winners. He added that many companies are launching blockchain products that are not applicable in real life, citing Eastman Kodak as an ideal example.

https://www.bloomberg.com/research/stocks/private/person.asp?personId=252047507&privcapId=109092301&previousCapId=109092301&previousTitle=Kerrisdale%20Capital%20Management%20LLC

Biggest Predictions from the Shervin Pishevar Tweet Storm

Every once in a while, a big name in the tech world goes on social media and creates a huge dust up. Well, one of the biggest social media events happened right on Twitter. And the big tech name behind the Twitstorm was early Uber investor Shervin Pishevar. During his 21-hour Twitstorm, Mr. Pishevar made a number of hair raising predictions. Here are some of the highlights from the social media blitz from Mr. Pishevar.

The Dow Will Collapse

One of the first predictions made by Shervin Pishevar was that the major US indexes, such as the Dow, would fall into bear market territory. Specifically, Mr. Pishevar said that the Dow would fall 6,000 points. If that prediction comes to past, we could see some of the largest decline, in the index, in the last decade.

Bitcoin Will Also Fall

The world’s largest cryptocurrency was also Mr. Pishevar’s crosshairs, either. In a later tweet, the tech titan predicted that Bitcoin would nosedive from its heights in 2017. This tweet actually turned out to be true since Bitcoin did indeed plummet from a high of $20,000 to the high $5,000 range.

Start-Ups Will Look Beyond Silicon Valley

Another shocking prediction from Shervin Pishevar stated that start-ups will look to other places to hang their shingle rather than Silicon Valley. Instead, Mr. Pishevar believes that tech start-ups will stay where they are and work remotely with their customers and their partners.

American Infrastructure is Falling Behind

Looking outside of his usual tech circles, Shervin Pishevar stated that the United States is being outclassed in the global infrastructure race. The Silicon Valley executive believes that other countries, such as China, will be able to outperform the United States when it comes to building out cities and transportation hubs.

These predictions marked the first time, in months. that Shervin Pishevar made any public statements. And these Tweets, from Mr. Pishevar, have been shared tens of thousands of time all over social media. As the months past, people will soon see which of these incredible predictions will come true.

https://judiciary.house.gov/_files/hearings/pdf/Pishevar%2009142011.pdf

The Strategical Gareth Henry

Gareth Henry is the directing manager of the Fortress Investment Company. He too is in charge of raising funds in the European, Middle East and the African markets. Being a team player, a hard-working mathematician and friendly, he has established great partnerships with wealthy monetary funds, pension funds and insurance bodies globally.

Gareth Henry is known to be the highest investor in a New-York based investment firm. He is on top of investor relations. Before acquiring the presidency of Fortress Investment Group, he was the managing director of the liquidated markets for the Fortress Company.

He is best known for creating the strongest bonds between investors and the companies, enabling investor relations, hence a favorable working condition between investors and the company, leading to increased benefit margins between the two parties respectively.

These strong relations earns the Fortress Investment company a good reputation and market image among investors and other stakeholders and helps hype returns for the company.

Henry says that he is always happy and willing to team up with talented individuals like those Angelo, Gordon and other companies’ offers.

During his tenure at the Fortress Liquid Markets, Gareth Henry led a team of experts’ aiming Canada, Middle East, and European clients, where he oversaw all marketing, sales as well as client services. While in London, Henry served as the leader of the global investor relations for the Company. Here, Gareth Henry came up with strategies for consulting and developing institutional relationships across fortress hedge fund, equitable cash, fixed income as well as borrowed cash.

Not only that, but Henry has worked as an investment manager in Philadelphia too and as a solutions director. Henry is well known for solving client problems and meeting their needs as a manager and a relations officer.

Henry’s international relations are good for the Fortress Investment Group as they allow the company to continue creating a relations base across a diverse, heterogeneous market structure hence strengthening its world-class reputation and posing a bigger challenge to the company of maintaining the good image and serving their clients effectively. Be approaching this challenger, then the company continues making profits, thriving and competing in the market properly.

The Chainsmokers Talk About New Song With Billboard

The Chainsmokers, the duo behind songs like “Closer” and “Paris,” are not letting fame get to their heads. They are still releasing the type of music that their fans love, and working hard to make sure they sound consistent, yet innovative.

Their newest song, “Side Effects,” was released on July 27th and even more recently its music video was released. The song also features Emily Warren. Together, The Chainsmokers and Emily Warren debuted the song on July 28th at a show in Atlantic City.

Billboard recently sat down with The Chainsmokers to discuss their new song and future plans.

Billboard also asked them about the experience they had performing at the Hollywood Palladium. Andrew Taggart, one half of The Chainsmokers said it was a great experience, mainly due to the fact that they live in LA. “It’s a show that all of our homies can come to,” Andrew Taggart explained.

Pall explained that The Chainsmokers frequently perform in clubs in Las Vegas, which isn’t that far from LA.

Andrew Taggart also told the interviewer that some of the wildest crowds they’ve ever performed for were in Canada. “Our show in Montreal on our last tour was insane,” Taggart said.

The interviewer also mentioned the new song “Side Effects,” asking them how they came up with such a different sound.

“it’s definitely funky,” said Taggart. Taggart explained that normally they prefer their music to have a slow, mellow pace;however, they needed an upbeat, funky song for the Summer.

The Chainsmokers put out “Sick Boy” and “You Owe Me” during the winter. These two songs were both much darker than “Side Effects,” and The Chainsmokers said this is because the Winter is a much darker time. They really think things through before releasing new music.

The inspiration for the song came from their love for writing about millennial relationships. Alex Pall, the other member of The Chainsmokers said that there are a wide variety of topics to write about today. Their songs typically center around the changing of social norms, including songs about how the internet is affecting people’s lives.

https://www.architecturaldigest.com/story/peti-lau-designer-chainsmokers-drew-taggart-alex-pall-los-angeles