Jack Inglis, CEO of AIMAIt said: “Among other issues, the principles stress the need to allow room for innovation and to ensure that any shift towards responsible investment is led by investors.”“We were a little bit surprised… when the Commission first came out with their proposals last year, aiming to solve a problem by imposing requirements on asset managers who are effectively agents,” AIMA CEO Jack Inglis told IPE.There was also the problem of a lack of data, he added, with managers finding it difficult at times “to get the relevant disclosures from issuers of equities and bond securities”.He emphasised that not all companies did a bad job of reporting, with European corporates doing better than their counterparts in the US and elsewhere. In addition, initiatives from standard-setting organisations meant “some of these things are slowly being solved”.However, “there’s still a long way to go”, said Inglis.Green light for short selling?AIMA’s guide was also aimed at clarifying the role of responsible investment in the hedge fund industry. It included a section on short selling, which it said was compatible with responsible investment.“Short selling is neither irresponsible nor unethical, and it can form a critical tool in responsible investment,” it said.Inglis told IPE that the practice meant hedge fund managers were “ideally placed to offer active ESG strategies to investors”.“Being able to sell short companies that you do not think are compliant with ESG standards is a very powerful tool that traditional asset managers do not have,” he said.AIMA’s guide said a manager “could short a company with poor environmental practices that were hidden from the public and which the market had failed to price in”.The trade body acknowledged that “some of the most stringent responsible investors may prohibit short selling for a variety of reasons”. Any responsible investment regulation is likely to fall short of its goal if it only targets asset managers, according to hedge fund industry body AIMA.In a new “primer” on responsible investment developed with law firm Simmons & Simmons, the Alternative Investment Management Association (AIMA) said that, to be effective, “a regulatory framework must be broad-based and must encompass the behaviour of issuers”.This was to deal with the problem of data scarcity, it added, noting that companies were generally not required to disclose information on their performance on most environmental, social and corporate governance (ESG) factors. Such data was even harder to come by for private assets, the body said.“Any responsible investment regulation should ensure a proper foundation of data is available before mandating specific action on the part of managers,” it said. In the EU – where AIMA said the European Commission had driven “one of the most high-profile initiatives” on responsible investment – political agreement has been reached on a proposal that would introduce various new disclosure requirements on asset managers in relation to sustainability.According to AIMA, effective responsible investment regulation also needed to be “investor-led”, “proportionate”, “principles-based”, “non-duplicative”, “consistent”, and “practical”.
11:00AM – PANEL: Secure the Bag – Securities, Stocks, Bonds Moderator: Shaheewa Jarrett, General Counsel & Vice President of Compliance – Gelin Benefits Group, LLC Florida Power & Light (FPL)Valley National BankR.V.OwensFlorida State Minority Supplier Development Council (FSMSDC)Broward County – Office of Economic & Small Business Development (OESBD)Palm Beach County Office of Equal Business Opportunity (OEBO)Discover the Palm Beaches Greater Miami Convention & Visitors Bureau (GMCVB)Miami Media Group, LLCSouth Florida Times Ed Harris, Consultant Chef of Chef Life Consulting Robert M. Ballou, Officer of Economic Development & Diversity Compliance Department Broward School DistrictNicole Chaplin, Master Personal Trainer of The Fitness Rockstar™Adrian Carter, Founder of EmpowerMEN ConferenceRufus & Jenny Triplett, Marriage Life Experts of Surviving Marriage in the 21st Century Keynote Speaker: 2020 Sponsors: Thought Leaders: Adriana Clark, SE Region Director of Office of Small Business Southeast Region – U.S. Depart of TransportationRobert M. Ballou, Officer of Economic Development & Diversity Compliance Department Broward School DistrictFrank Hayden, Director of Office of Equal Opportunity – City of West Palm BeachDicky Sykes, Director of the Office of Diversity in Business Practices – School District of Palm Beach CountyBurnadette Norris-Weeks, Partner at Austin Pamies Norris Weeks Powell, PLLCSandy-Michael McDonald, Director of Broward County Office of Economic & Small Business Development Thought Leaders: Walter Bond, Motivational Speaker, Author of Swim – The Bond Group 11:00AM – PANEL: Buy the Block: Real Estate Development & Investments Moderator: Katia St. Fleur, Principal at KSF & Associates Moderator: LaToya Stirrup, Founder & President of Digital Glass Moderator: Jerome Hutchinson, Jr., Founder & Chief Servant Officer of International Career and Business Alliance, Inc. (ICABA) 9:30AM – Opening/Keynote Speaker Thought Leaders: Thought Leaders: Armando Pantoja, Co-Founder of Hire MatchAlan E. Bottorff, CEO of TeledactylFelicia Hatcher, Co-Founder of Tribe Cowork & Urban Innovation Lab, Code Fever, and Black Tech Week Saturday, August 22nd Thought Leaders: Friday, August 21st This year is without exception as the conference features: world-renown and international speakers, panel discussions, keynote speakers, breakout sessions to showcase the growing global Black Business community. NBEC will also host the Written Black Experience, a premier book club featuring best-selling black authors from around the world. Leigh-Ann A. Buchanan, Esq., Founding Executive Director of Venture Café MiamiMelvin Coleman, President & CEO of Essential Wealth Management Group, LLC 2020 PANEL DISCUSSION THOUGHT LEADERS Thought Leaders: Inez Long, President/CEO of Black Business Investment FundThais R. Sullivan, First Vice President & Regional CRA Officer at Valley National BankKevin Cohee, Chairman & CEO of One United Bank Moderator: Grasford Smith, Commercial Litigation Partner Moderator: Sharna Barnes, CEO of Complete Contract Consulting LLC Thought Leaders: Moderator: Dexter Bridgeman, CEO of MIA Media Group Thought Leaders: 2:45PM – PANEL: The Impact of Media on the Black Economy 11:00AM – PANEL: Leading Growth Industries: Manufacturing, Healthcare, Retail, Construction, and Transportation Yvette Miley, Senior Vice President of Diversity, Equity and Inclusion – NBCU News GroupBernadette Morris, President/CEO of Sonshine Communications & Black PR WireDexter Bridgeman, CEO of MIA Media Group 11:00AM – PANEL: Go Global: Caribbean & Africa Trade & Investments 11:00AM – PANEL: What’s Hot in Innovation & Technology Shauna Whittingham, Mentor, Connector & Influencer at Shauna Simone YogaSheila Zayas, Practitioner of Reiki – The Sanctuary Thought Leaders: NBEC’s goal is to empower community members to take the necessary steps to grow and develop their enterprise, create wealth for their families, support black businesses throughout the US, and foster growth and sustainability while reducing unemployment and bridging the wealth gap in the US and beyond. Moderator: Kitty Lundon, Host & Creator of The People of Power Talk Show Dale Holness, Mayor of Broward CountyPaola Isaac Baraya, Economic Development Specialist-International Trade, Broward County’s Office of Economic and Small Business DevelopmentJoseph Bell, Regional Manager of International Trade Development – Enterprise FloridaH.E. Dr. Barfuor Adjei-Barwuah, Ambassador of Ghana – Embassy of Ghana Darren Brown, CEO of Advantage Business ConsultingAndre Kay, CEO & Founder of Sociallybuzz Moderator: Bryan Cunningham, Entrepreneurship Center Division Manager – Urban League of Broward County Urban League of Broward CountyBroward County Library/African American Research Library & Cultural CenterInternational Career & Business Alliance (ICABA) & ICABA World MarketplaceWalker’s LegacyPyramid Books Dr. Jeremy Earle, Assistant City Manager/CRA Executive Director for City of Hallandale BeachFabiola Fleuranvil, CEO of Blueprint Creative GroupMiguel Pilgram, Partner of The Pilgram GroupClarence Woods, Manager, Fort Lauderdale Community Redevelopment Agency 11:00AM – PANEL: Health is Wealth – A comprehensive approach to our overall well-being Moderator: Chantél Siegrid Thompson, Interpretive Career Coach 1:15PM – PANEL: Green is the New Black: $10 Billion Cannabiz Beatrice Dixon, Founder of The Honey Pot CompanyConnie W. Kinnard, Vice President of Multicultural Tourism & Development – Greater Miami Convention & Visitors BureauGrant McGaugh, Owner & Managing Director of 5 STAR BDMPsyche Terry, Founder of UI Global BrandsAnn McNeill, Speaker, Author, & Coach – MCO Construction 1:15PM – PANEL: Equity through Home Ownership Thought Leaders: Thought Leaders: Written Black Meet the Author Experience Mark A. Parks, Jr., Chief Financial Officer for City of West Palm BeachGayle M. Waldon, Financial Advisor & Financial Planning Specialist – The Swinton Group at Morgan StanleyRobert Owens, Chief Financial Strategist for R.V.OWENS, Strategic Group 2020 Community Partners: Thought Leaders: Dasheeda Dawson, Founder & Bestselling Author of The WeedHead™ & CompanyRoz McCarthy, Founder/CEO of Minorities for Medical Marijuana, Inc.Scheril Murray Powell, Esq., Agricultural & Cannabis Attorney at Doumar, Allsworth, Laystrom, Voigt, Adair, and Dishowitz LLP 1:15PM – PANEL: Scale Your Business with Government Contracts 1:15PM – PANEL: Getting Those Digital Dollars: Influencer Takeover 9:30AM – Opening Session: Connecting your Mind, Body & Spirit 1:15PM – PANEL: Access to Capital for Businesses 2:45PM – PANEL: How Collaborative Communities are Driving Business Growth Cornell Crews Jr., Executive Director of Community Reinvestment Alliance of South FloridaDerrick Berry, Loan Originator for Buccaneer Mortgage/TheGoodPirates Home LoansAngelique Hibbert, Vice President of South Florida Board of Realist Women Council The 10th Annual National Black Economic Conference (NBEC) brought to you by The Mosaic Group and Black Business Loop, draws hundreds of attendees to the conference each year. With the move to a virtual setting in 2020, NBEC has innovated and grown to expand and improve the virtual experience. The 2-day virtual conference will take place on August 21-22, 2020. Moderator: Gordon Eric Knowles, President & CEO of Miami Dade Chamber of Commerce To learn more about the conference, keynotes, other speakers, and how to register visit www.nationalblackeconomicconference.com. One day registration is $59.00 (Friday or Saturday); Two-day registration is $99.00. Both registrations include access to panel discussions, keynote speakers, breakout sessions and The Written Black Experience. Sponsorship and vendor opportunities are available. Moderator: Petula Burks, Civic Engagement Director, City of Miami Gardens Host: Donna M. Gray-Banks, Founder & Director of F.R.E.S.H. Book Festival Moderator: Clarence E. Anthony, CEO & Executive Director of National League of Cities (NLC) The theme for this year’s conference is “The Road to Generational Wealth”. A diverse group of subject matter experts will discuss the topics including “Secure the Bag – Securities, Stocks, Bonds”; “Equity through Homeownership”; “Thriving in a Global Crisis”; along with “What’s Hot in Innovation & Technology” and more. “The National Black Economic Conference is timely and more relevant than ever given the current COVID-19 pandemic that is devastating our local and global economies and the death of George Floyd sparking the debate of the many elements of systemic racism. When the nation faces an economic recession, our communities experience an economic depression. This is the time for us to focus on creating, investing, and building sustainable financial resources for ourselves families, and communities. We must strengthen the black economy to not only survive but thrive for generations to come”, said Ann Marie Sorrell, President/CEO of The Mosaic Group and Founder of NBEC. Thought Leaders:
George Shamugia, Singular: How the COVID-19 pandemic has shaped Nigerian sports betting June 5, 2020 Submit Over recent months, Sirplay has continued to expand its presence across world betting markets.Following the signing of new, high-profile deals in Africa and Latin America, SBC caught up with Bart Esposito, CEO of the Malta-based sportsbook and online gaming group, who discussed the company’s plans for the remainder of 2017 and beyond.SBC: Could you provide a brief history of Sirplay and outline the primary scope of your operations in 2017?BE: Sirplay brand was founded in 2011 to create the most innovative and fast sportsbook solutions; bookmakers understood it almost immediately and in about one year we became an international software house. Our mission is to enter emerging markets in developing countries and investing – in the real meaning of the word – by hiring local staff.For some time, we have been focusing on Latin America. Our attention remains focused on the region in 2017, with a particular interest in Peru, where the betting industry is reaching an arousing rate of increase, and in Brazil, where an ad hoc regulation is expected to be created over the coming months.But we won’t disregard Argentina, where we’ll be exhibiting at SAGSE Buenos Aires and maintaining our winning collaboration with Lotería de San Luis.Another market we have been focusing on for a while is African. Nigeria is giving us great satisfaction, rewarding our efforts made when all the other providers decided to abandon the country during the recent economic crisis. Now we are pointing to South Africa, Kenya and Congo.SBC: We recently reported on your successful partnership with Lotería de San Luis for the Jugadon.com online gaming site. How did this partnership come about?BE: In Argentina, every province manages gambling activities autonomously and every lottery operates in its province of reference only.At the time, we responded to a call for tender, as other online betting software providers did, but only Sirplay had the right credentials and certifications besides its availability to adapt the online betting platform to Argentinian market requirements.In particular, for Lotería de San Luis, we redesigned our prepaid cards payment system to fit for casinos and the lottery’s agencies.SBC: Across the Atlantic, you recently unveiled a partnership in Nigeria through a partnership with Betabet2000. How is this partnership faring?BE: We entered the African sportsbook market five years ago and, as previously mentioned, the market is giving us a lot of satisfaction. In the first months of 2017 we registered four new activations, and others are coming. BetaBet2000 decided to bet on our online software because of its cutting-edge technological advancement, prompt delivery service and convenience. The platform launch only recently took place, so the volume of bets has been structuring little by little, but it’s a promising platform, and BetaBet2000’s CEO has big plans in mind.Elsewhere, we recently established two new partnerships with Nigerian bookmakers, and the tenacity shown in the country, combined with the big success of our SBWA exhibition, has given rise to some important relationships, which we will disclose soon.SBC: How important is the African betting market in the wider context of the global gaming industry? Which betting sectors do you feel are set to enjoy the most growth in the continent over the coming months and years?BE: Although the average amount per bet is lower in Africa than in other regions where the market is already established, the game volume is balanced by the elevated numbers of players.We estimate that if the market developments of the coming six months will continue, as foreseen by statistics, the African market will become one of the main characters of the online sports betting industry in two years.Despite experts’ predictions that were talking about a decrease in sports bets, these are still the spearhead of the African online betting sector. Of course, mobile enjoyment is growing in step with the mobile spread. Our data show placed bets are 70% sportsbook, 20% virtual games and 10% the rest.SBC: Recently, you mentioned your new bookmaker confederation in Africa. In what way will this confederation help bolster the African betting market?BE: We are currently working on a project to establish a gaming confederation that is dedicated to our clients. This will start with the Nigerian market, but will spread globally.It is our aim to create a network where member bookmakers, maintaining their autonomy, will be able to share each information about risks and dangerous players, creating an always up-to-date monitoring on the local and global betting market.For Sirplay, this would be an opportunity to understand how sportsbook trends are changing and therefore where to invest in developing.We will be revealing the full details of the confederation over the coming weeks.SBC: Finally, what does the remainder of 2017 have in store for Sirplay?BE: We are currently developing a new version of our betting software. The betting engine we are developing is designed to change the gaming industry as we know it. In October, we’ll release its first module regarding live betting, giving a taste of our long and hard work.We want to start from this module because it will be the first live betting to be in real time, reducing the lag time to a few hundredths of a second; a module, certified by independent laboratories, unlike any other. Codere records 10X losses seeking vital lifeline May 28, 2020 Share StumbleUpon Share Related Articles BtoBet refines African SMS payment options with Tola Mobile August 20, 2020