Showing posts with label Fund. Show all posts
Showing posts with label Fund. Show all posts

Friday, March 07, 2008

President Bush selects CACH Founder as special envoy to the OIC

Sada Cumber to Serve as U.S. Representative to the Organization of the Islamic Conference

Austin, Texas (ANTARA News/PRNewswire-AsiaNet) - CACH Capital Management, LLC, announced today that the firm's founder, Sada Cumber, was appointed by President George W. Bush to be the Special Envoy to the Organization of the Islamic Conference (OIC). Mr Cumber assumes his duties effective March 3, 2008.

Sada is appointed as the chief U.S. representative to the global Islamic community when sovereign wealth funds of many Muslim countries have been pouring into the United States. Cumber's background at CACH Capital gives him a keener insight into how such economic integration affects the political and cultural relationship between the U.S. and the Muslim world.

Former Texas Secretary of State Geoffrey S. Connor, CACH Chairman; Michael J. Hundley, President and CEO of CACH; and Al Amlani, CTO, founded the wealth management firm along with Mr Cumber. The remaining three founders along with the executive team will manage the company in Mr Cumber's absence.

"Sada and his wife Muntaz are dear friends, and I couldn't be happier for them," states Connor. "The nation is fortunate that Sada Cumber is willing to serve in this important position."

Prior to his appointment, Mr Cumber's litany of successes included founding 11 technology companies and, most recently, CACH Capital Management, a wealth management firm based in Austin, Texas. His business acumen, expertise in global strategy and political insights make him a powerful corporate leader and advisor to numerous economic development boards, including the Board of Directors of the Texas Economic Development Board (a $300 million fund), the Texas Emerging Technology Fund (a $200 million fund), the 15th World Congress on Information Technology and the Texas Business Council.

"I know Sada as an insightful, fair-minded and decisive leader who will make an excellent liaison to the OIC," comments Hundley. "Although he has been an American citizen since 1986, Sada was born in Pakistan. He understands the Islamic community as well as the common political, economic and social concerns that could join the American and Muslim cultures."

Sada Cumber is the first U.S. ambassador to the intergovernmental organization, which promotes Muslim solidarity in social and political affairs.

About CACH Capital Management, LLC For more information, visit http://www.cachcapital.com

SOURCE: CACH Capital Management, LLC
CONTACT: Cynthia A. Baker of Accolades Public Relations,
+1-512-795-2353, +1-512-586-8278, cell,
Cynthia@AccoladesPR.com, for CACH Capital Management, LLC
Web site: http://www.cachcapital.com

COPYRIGHT © 2008 - ANTARANEWS

Monday, February 11, 2008

Taiyo Fund takes significant stake in Nabtesco (6268) to over 5%

Tokyo, (ANTARA News/PRNewswire-AsiaNet0 - The Taiyo Fund announced today that it has accumulated a position in excess of 5% in Nabtesco Corp (6268) to become its fourth largest shareholder.

The Taiyo Fund is known for its cooperative investment style working with senior management to enhance shareholder value.

Brian K. Heywood, Chief Executive Officer and Managing Partner of Taiyo Pacific Partners, said, "We are impressed by Nabtesco's strong management team and are excited for the company to enter the next stage of its Long-Term Vision focused on global growth. We highly value our friendly and interactive relationship with management and are confident they will generate ongoing value for shareholders."

Wilbur L. Ross Jr., Chairman of the Taiyo Fund investment committee said, "As the world's leading maker of precision reduction gears, Nabtesco is very well positioned as manufacturers across the globe adopt labor-saving factory automation equipment. We are proud to be invested in this global niche leader and high quality company."

Mr. Kazuyuki Matsumoto, President of Nabtesco, commented, "I am very pleased that a long term friendly investor like Taiyo Fund positively evaluated our technology-driven firm. In addition, I am grateful to receive their insightful comments from a shareholders' perspective."

The Taiyo Fund was organized in July 2003 with an initial equity investment of $200 million by CalPERS, the State of California Public Employees Retirement System. The Fund currently has over $1.4 billion under management. The Fund is co-managed by Taiyo Pacific Partners LP and by WL Ross & Co. LLC. Taiyo Pacific Partners, located in Monterey, California, was founded in 2003 by bilingual professionals dedicated to friendly shareholder activism in Japan.

SOURCE: The Taiyo Fund
CONTACT: Brian K. Heywood,
+1-831-372-9601,
bheywood@tppllc.com, or
Wilbur L. Ross,
+1-212-826-2111,
wlross@wlross.com,
for The Taiyo Fund

COPYRIGHT © 2008 - ANTARANEWS