shaw capital management investment: September 2010

Wednesday, September 15, 2010

Shaw Capital Management News: Flex-Fuel Power Plants Now Opening in Brazil

Shaw Capital Management News: Flex-Fuel Power Plants Now Opening in Brazil On January nineteenth 2010, the primary ethanol-fired power plant whirred into action in Brazil. National oil company Petrobras (NYSE: PBR) and American systems giant General Electric (NYSE: GE) pitched in resources to flip an existing eighty seven MW plant into a flex-fuel power station that can alternate between natural gas and ethanol

Shaw Capital Management News: Flex-Fuel Power Plants Now Opening in Brazil3323

On January nineteenth 2010, the primary ethanol-fired power plant whirred into action in Brazil. National oil company Petrobras (NYSE: PBR) and American systems giant General Electric (NYSE: GE) pitched in resources to flip an existing eighty seven MW plant into a flex-fuel power station that can alternate between natural gas and ethanol (that are both considered different fuels, while solely one is renewable). GE needs to see how its turbines will be custom-made to work in flex-fuel plants in Brazil and in developed countries like Japan, where clean-burning power plants are gaining momentum. Brazil's water-dependent hydroelectric infrastructure teeters during the dry season in places where natural gas is not easily accessible. It just therefore happens that wind power peaks at the other term as the water in running rivers that drives dam-based mostly generation. Ethanol and wind might supplant natural gas as the first alternative supply of electricity generation throughout the dry season in Brazil and President Luiz Inacio Lula da Silva said within the Brazilian press that Brazil may be selfsufficient in natural gas after several pre-salt (browse: incredibly deep) offshore fossil fuel pockets are tapped. That capability is a minimum of 5 years away. Ethanol is there currently, and when wind power auctions started last December, 773 wind turbines can be turning across Brazil by 2012. Shell, Petrobras, GE, and Cosan will surely push hard to get the govt. in Brasilia to initiate a nationwide "ethanol electricity" campaign to ensure that oil and automotive fuel are not the key determinants of sugar ethanol's success. As in thus several different areas of the world, those communities that are now underserved by fossil fuels will benefit most from such clean energy advances. The US Administration completed its revised Renewable Fuels Normal (RFS2). RFS2 can move towards a national goal of 26 billion gallons of biofuel production by 2022.
At Shaw Capital Management we have a tendency to offer you the knowledge and insight you wish to form the proper investment choices. We look forward to operating with you and being the open architects of your financial well being.
Shaw Capital Management - Investment Innovation & Excellence. We have a tendency to offer the data, insight and experience that you would like to make the proper investment choices. Shaw Capital sometimes offers its purchasers such services as asset allocation and portfolio design; traditional and non-ancient manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and alternative wealth management services, as well as estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family workplace, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc. Every investor will achieve better long-term risk-adjusted results by working with a true open design advisor. Our philosophy is straightforward: virtually each investor will achieve higher long-term risk-adjusted results by working with a true open design advisor. Before Shaw Capital launched the open architecture revolution, investors had to create the sad choice between selecting an advisor who was freelance, however unsophisticated (the traditional pension and endowment consulting corporations), or choosing an advisor

* liliajackson * Shaw Capital Management February Newsletter: Government bond Markets 3 of 3

PRLog (Press Release) – Jun 17, 2010 – Shaw Capital Management Korea February Newsletter: Article three of three - The markets are assuming that the more powerful members of the eurozone will support the weaker members in order to prevent defaults that might threaten the single currency structure...

* liliajackson * Shaw Capital Management February Newsletter: Government bond Markets 3 of 3

Shaw Capital Management News -Foreign Exchange Markets 2010 Part 4

Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - The critical question therefore is whether the fall of the euro is now over. Since the currency is unlikely to receive any real support from the general background situation in the euro-zone, everything depends on the developing debt situation, and particularly on the situation in Greece; and also on the possibility of support operations from stronger member countries and from the European Central Bank, and the European Commission. The situation remains uncertain. The central bank appears to be reluctant to offer help, and the German government, which might have been expected to become involved, has also made no response so far.

Shaw Capital Management News - But the European Commission has endorsed the latest plans by the Greek government to introduce an across-the-board freeze on public sector wages and cuts in allowances that are expected to reduce the overall public sector wage bill by around 4%.

This may encourage support from elsewhere; however the Commission has warned that it will not tolerate any slippage from the target and will if necessary demand tougher action from the government to ensure that it stays on course.

But it is far from clear that the Greek government can obtain the necessary support in parliament even for the present proposed measures, and so the uncertainty will continue.

It is therefore likely that there will be further falls in the euro over the coming weeks.

Sterling has improved slightly over the past month, helped by the weakness of the euro.

Shaw Capital Management News - The background situation in the UK remains unattractive, and there have already been threats that its AAA credit rating is at risk unless there are credible measures to reduce the massive fiscal deficit after the forthcoming general election is over.

Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - The European Central Bank therefore faces a difficult situation. It continues to forecast “moderate” growth and “moderate” inflation; but it is being severely criticised for failing to address the problems of a two-speed economy, and for its unwillingness so far to face the threat that the deteriorating situation in Greece could quickly begin to destabilize other member countries and have serious consequences for the financial stability and growth prospects of the entire area.

But the UK is not constrained by membership of the European single currency system, and so there is no immediate risk of a default on its sovereign debts.

It has therefore been able to benefit from the problems affecting some other European countries.

Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - The latest figures from the Office of National Statistics indicate that the UK just managed to move out of recession in the final quarter of last year. The estimate of growth of only 0.1% in the quarter was a considerable disappointment, and it is expected that it will be revised higher; but clearly the economy is not performing very well.

Government spending remains strong, and there was a surge in retail sales in the run-up to Christmas; but the anecdotal evidence suggests that consumers became much more cautious again in January.

The latest meeting of the Monetary Policy Committee of the Bank of England was concerned by the poor reaction so far to the dramatic measures that have been introduced to counter the recession, and reacted to this situation by leaving UK base rates unchanged once again at 0.5%.

Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - It clearly has no intention of moving to an “exit strategy” until there is convincing evidence that a sustainable recovery in the economy is underway.

It did announce that purchases of market securities under the quantitative easing programme would now be discontinued after the £200 billion target has been reached; but its main priority is to continue to provide support for the fragile economic recovery.

Fiscal policy is also likely to remain unchanged until after the election, because the necessary measures to reduce the huge deficit will be unpopular, and might influenc

http://digg.com/news/business/shaw_capital_management_news_washington_waxes_brazilian_4/20100914073700:9bfa6a02eba34ebd91fd24e235c5fce7

Brazil provides us with an example of a rapidly developing, energy-hungry economy in the Western Hemisphere, where biofuel is a fact of life. Biofuel is also an investment imperative for energy investors and companies that want to make money in Brazil. As an important part of the #3 economy in the Americas, ethanol can't be ignored by the United...

Tuesday, September 14, 2010

Shaw Capital Management News: Flex-Fuel Power Plants Now Opening In Brazil

(1888PressRelease) May 26, 2010 - National oil company Petrobras (NYSE: PBR) and American systems giant General Electric (NYSE: GE) pitched in resources to turn an existing 87 MW plant into a flex-fuel power station that can alternate between natural gas and ethanol (which are both considered alternative fuels, even though only one is renewable).

GE wants to see how its turbines can be adapted to work in flex-fuel plants in Brazil and in developed countries like Japan, where clean-burning power plants are gaining momentum.

Brazil's water-dependent hydroelectric infrastructure teeters during the dry season in places where natural gas isn't easily accessible. It just so happens that wind power peaks at the opposite time of the year as the water in running rivers that drives dam-based generation.

Ethanol and wind could supplant natural gas as the primary alternative source of electricity generation during the dry season in Brazil and President Luiz Inacio Lula da Silva said in the Brazilian press that Brazil could be selfsufficient in natural gas after several pre-salt (read: incredibly deep) offshore fossil fuel pockets are tapped.

That capacity is at least five years away. Ethanol is there now, and after wind power auctions started last December, 773 wind turbines will be turning across Brazil by 2012.

Shell, Petrobras, GE, and Cosan will surely push hard to get the government in Brasilia to initiate a nationwide "ethanol electricity" campaign to ensure that oil and automotive fuel aren't the key determinants of sugar ethanol's success.
As in so many other areas of the world, those communities that are now underserved by fossil fuels can benefit most from such clean energy advances.

The US Administration completed its revised Renewable Fuels Standard (RFS2). RFS2 will move towards a national goal of 26 billion gallons of biofuel production by 2022.

At Shaw Capital Management we give you the information and insight you need to make the right investment choices. We look forward to working with you and being the open architects of your financial well being.

Shaw Capital Management -
Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.

Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.
Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Before Shaw Capital launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).

Shaw Capital Management News -Foreign Exchange Markets 2010 Part 4

Prospects therefore remain disappointing, and are being made worse by the differences that exist between member countries. The European Central Bank therefore faces a difficult situation. It continues to forecast "moderate" growth and "moderate" inflation; but it is being severely criticised for failing to address the problems of a two-speed economy, and for its unwillingness so far to face the threat that the deteriorating situation in Greece could quickly begin to destabilise other member countries and have serious consequences for the financial stability and growth prospects of the entire area.
It is not surprising therefore that investors and speculators have started to reduce their exposure to the euro.
Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - The critical question therefore is whether the fall of the euro is now over. Since the currency is unlikely to receive any real support from the general background situation in the euro-zone, everything depends on the developing debt situation, and particularly on the situation in Greece; and also on the possibility of support operations from stronger member countries and from the European Central Bank, and the European Commission. The situation remains uncertain. The central bank appears to be reluctant to offer help, and the German government, which might have been expected to become involved, has also made no response so far.
Shaw Capital Management News - But the European Commission has endorsed the latest plans by the Greek government to introduce an across-the-board freeze on public sector wages and cuts in allowances that are expected to reduce the overall public sector wage bill by around 4%.
This may encourage support from elsewhere; however the Commission has warned that it will not tolerate any slippage from the target and will if necessary demand tougher action from the government to ensure that it stays on course.
But it is far from clear that the Greek government can obtain the necessary support in parliament even for the present proposed measures, and so the uncertainty will continue.
It is therefore likely that there will be further falls in the euro over the coming weeks.
Sterling has improved slightly over the past month, helped by the weakness of the euro.
Shaw Capital Management News - The background situation in the UK remains unattractive, and there have already been threats that its AAA credit rating is at risk unless there are credible measures to reduce the massive fiscal deficit after the forthcoming general election is over.
Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - The European Central Bank therefore faces a difficult situation. It continues to forecast "moderate" growth and "moderate" inflation; but it is being severely criticised for failing to address the problems of a two-speed economy, and for its unwillingness so far to face the threat that the deteriorating situation in Greece could quickly begin to destabilize other member countries and have serious consequences for the financial stability and growth prospects of the entire area.
But the UK is not constrained by membership of the European single currency system, and so there is no immediate risk of a default on its sovereign debts.
It has therefore been able to benefit from the problems affecting some other European countries.
Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - The latest figures from the Office of National Statistics indicate that the UK just managed to move out of recession in the final quarter of last year. The estimate of growth of only 0.1% in the quarter was a considerable disappointment, and it is expected that it will be revised higher; but clearly the economy is not performing very well.
Government spending remains strong, and there was a surge in retail sales in the run-up to Christmas; but the anecdotal evidence suggests that consumers became much more cautious again in January.
The latest meeting of the Monetary Policy Committee of the Bank of England was concerned by the poor reaction so far to the dramatic measures that have been introduced to counter the recession, and reacted to this situation by leaving UK base rates unchanged once again at 0.5%.
Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - It clearly has no intention of moving to an "exit strategy" until there is convincing evidence that a sustainable recovery in the economy is underway.
It did announce that purchases of market securities under the quantitative easing programme would now be discontinued after the £200 billion target has been reached; but its main priority is to continue to provide support for the fragile economic recovery.
Fiscal policy is also likely to remain unchanged until after the election, because the necessary measures to reduce the huge deficit will be unpopular, and might influence the outcome of that election.
Sterling is therefore receiving no real support from the domestic background situation, and in other circumstances might have been expected to move lower.
Shaw Capital Management News - Foreign Exchange Markets 2010 Part 4: - But the problems affecting the other major global currencies, and particularly the problems affecting the euro, have at least delayed any further falls. The yen has improved over the past month, despite a generally unfavourable domestic background situation, and some attempts by the Japanese authorities to prevent its appreciation against other currencies.
It has achieved an enhanced "safe haven" status in the current storm in the currency markets, and on the back of the relative success of its exports. But conditions in the Japanese economy remain very weak, and there has even been the threat of a downgrade of its credit rating unless measures are introduced to reduce its massive fiscal deficit.
However it does not appear that this threat will prevent the new Japanese government from introducing further measures to stimulate the economy, and urging the Bank of Japan to intervene in the markets to weaken the yen, and so its prospects remain very uncertain.

Shaw Capital Management February Newsletter, Government bond Markets 3 of 3

(1888PressRelease) June 25, 2010 - Shaw Capital Management Korea February Newsletter: Article three of three - The markets are assuming that the more powerful members of the eurozone will support the weaker members in order to prevent defaults that might threaten the single currency structure; but the yield spreads have widened considerably to reflect the increased risks. Our tentative view is that the markets will "muddle through", and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. The gilt edged market has also come under pressure over the past month; short-term yields have remained basically unchanged, but there have been increases in medium and longer-term yields that has produced a much steeper yield curve.

Shaw Capital Management Korea February Newsletter: Article three of three - There has been evidence of a modest improvement in the economic background; and the Bank of England is proving to be a stabilising influence at a difficult time; but a very disappointing Pre-Budget Report has indicated that there will be no attempt to address the problems of the huge fiscal deficit until after the election. Our tentative view is that the markets will "muddle through", and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. Funding pressures will therefore continued to increase; and so, although there does not appear to be any real danger that the UK might join the list of countries that could default on their sovereign debts, annual debt issues in excess of £200 billion cannot continue for long if this is to be avoided. It is no surprise therefore that investors have reacted by reducing their exposure to the market.

Shaw Capital Management Korea February Newsletter: Article three of three - There is still some doubt whether the UK economy has moved out of recession. The pace of contraction in the third quarter of the year has been slightly reduced, and since then the pace of job losses has declined, and consumer spending has held up fairly well. But business investment and manufacturing activity remains weak, and so there may have been no overall improvement in the final quarter of last year. The Bank of England has therefore kept short-term interest rates at 0.5%, and maintained its quantitative easing programme, and this has provided support for the market, since the bank has been a major buyer of gilts in recent months.

Shaw Capital Management Korea February Newsletter: Article three of three - However it has not been enough to prevent a very adverse reaction to the Pre-Budget Report from the UK Chancellor. The market did not really expect any significant action on the deficit ahead of the forth-coming general election; but was still surprised by the apparent lack of realism. The government is prepared to allow the deficit to continue to accumulate, and is relying on the gilt edged market to provide the funds to finance that deficit in the hope that this will enable it to win the election, and has produced no real indications of how the deficit might be reduced even after the election is over. It is not surprising therefore that investors have reacted by reducing exposure, that 10-year yields have risen to 4% and longer-term yields to 4.5%, and that there are even suggestions that the country could face a capital flight and a full-blown debt crisis in the coming months. We do not share these extreme views; but clearly the prospects for the market are very unattractive, and higher yields appear unavoidable. Investors have reacted by reducing exposure... and there are even suggestions that the country could face a capital flight and a fullblown debt crisis in the coming months.

Shaw Capital Management Korea February Newsletter: Article three of three - The Japanese bond market is basically unchanged over the past month; but there are fears that present yield levels are unsustainable. A sharp reduction in the growth estimate for the third quarter of last year, and weaknesses since then have raised the possibility of a move back into recession and a further period of deflation. The government has reacted by launching its fourth fiscal rescue package since the economic crisis began last year. It amounts to the equivalent of a further $81 billion to be spent in the regions and on subsidies for consumer durables, and is expected to lift the debt issuance this year to a record $835 billion, despite the indications that bond investors may be becoming increasingly unwilling to finance such a high level of new bonds, and the warning from the IMF that the government is risking a significant increase in debt funding costs. Since overseas involvement in the bond market is at a very low level, such a development is unlikely to affect bond markets elsewhere directly; but it could be a warning to other countries of the dangers of placing too much pressure on their own markets.

Shaw Capital Management Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management based in Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.

Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Shaw Capital Management - Investment Innovation & Excellence

By continually researching and evaluating market opportunities, investing defines those products that reflect your needs and focus our recommendations.
To understand your goals and needs, we answer questions regarding your current investment status and objectives.

Is your wealth under invested, focused too highly in one area or non-liquid in existing businesses?
Does your return balance with the risks in your investments?
Do you have a specific time frame in which to meet certain goals?
Does management of your portfolio leave balanced time for other activities and business?
Do you have specific interest or knowledge in a particular industry that interests you?

Answers to these questions allow us to design an investment strategy that matches your needs. If you have specific plans or family goals you wish to prepare for that may influence the nature of the investment. If you have been following a particular industry but just need greater knowledge and research to invest wisely, Shaw Capital Asset Management can assist.
The New Economy and the Internet have provided an explosion of knowledge and opportunity. But how to pull all the pieces of the puzzle together? What is required is a dedicated professional research staff documenting and correlating the many factors of the market on a daily basis, to watch for trends, changes in position, and breaking news.
Researchers at Shaw Capital Asset Management provide just this type of research and advisory leverage to make your goals a reality. The Shaw Capital Asset Management research team uses a leveraged knowledge strategy. Upon breaking news or changes in market stance, additional researchers are allocated to make early analysis of the situation. If the research team agrees that a trend is leading to imminent changes in the market or a specific offering, a full review of the situation is made and, if qualified, an opportunity is provided to our clients. It is this ability to allocate resources in a timely fashion to breaking events that allows us to leverage a small initial indicator into a well-researched opportunity for our investors.
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Special Situation Investments Shortened Time Frame of Results

The yields for Special Situation investments are usually higher than for long-term strategic capital investments. Risk factors also increase with these types of investments. The keys are timing, details revealed by research of related businesses and suppliers, and an overall evaluation of the situation. One thing is usually certain, and that is the shortened time frame of results. By sequencing or if available, overlapping several opportunities, the aggregate yield can excel beyond more common paths of investment.
Special Situation opportunities often arise from many factors:

Events A stock may be undervalued and is expected to rise due to an imminent turn of favourable events.
Trading Indicators Stock that fluctuates significantly in daily trading. In this case, it is important to understand the reasons for the heavy trading and fluctuations, and see if surrounding factors point to a favourable end gain. If a temporary settling point occurs, this may lead to an additional opportunity for an undervalued situation.

Another factor is whether the fluctuation has crossed the threshold to become reported and market aware. The Shaw Capital Asset Management team of researchers use fast response time and look at many factors to fully qualify a special opportunity.
Fundamentals Fundamental analysis to determine the company's position in the market and recent announcements.
Related Companies Follow-up research to supplier companies and affiliates to see if related announcements have been made such as pending orders or increased demand. An alternate catalyst for creating a special investment would be news of orders on hold creating a temporary negative market perception and a depressed and undervalued stock price.
News Bad news temporarily depressing a stocks value with an anticipated upswing.
Economic Sectors Surrounding factors in the economy or market segment indirectly affecting market performance. Is the company positioned to weather the storm and emerge prepared to take advantage of newly freed investment money?
Inside News News of change in management or takeover bids. What effect will these changes have once they are completed?
Insider Trading Transactions inside the company by officers. This insider trading on the open market is required by law to be disclosed to SEC. Such actions may signal imminent change in a companies operation and may by its nature trigger increase or decreases in value.
Price History Especially when compared to competitors and industry averages, price history is a primary indicator. Is the stock currently undervalued but with strong fundamental factors signaling a likely recovery?
Industry Share Viewed over time and relative to industry averages for growth, is the company ahead of growth, pushing the industry envelope, but perhaps behind in profits causing depressed value, all the while poising itself for an eventual recovery and dominant position?
Management Discussions with management to determine in more detail and with greater understanding the current position.
Financial Position A review of liabilities and collateral backing to evaluate the downside risk. Once the factors are determined and their relationship and timing to industry trends for the anticipated time for positive returns understood, the Special Situation investment is announced to participating customers in this area of opportunity.

Shaw Capital Management February Newsletter: Government bond Markets 3 of 3

Jun 17, 2010 – Shaw Capital Management Korea February Newsletter: Article three of three - The markets are assuming that the more powerful members of the eurozone will support the weaker members in order to prevent defaults that might threaten the single currency structure; but the yield spreads have widened considerably to reflect the increased risks. Our tentative view is that the markets will “muddle through”, and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. The gilt edged market has also come under pressure over the past month; short-term yields have remained basically unchanged, but there have been increases in medium and longer-term yields that has produced a much steeper yield curve.

Shaw Capital Management Korea February Newsletter: Article three of three - There has been evidence of a modest improvement in the economic background; and the Bank of England is proving to be a stabilising influence at a difficult time; but a very disappointing Pre-Budget Report has indicated that there will be no attempt to address the problems of the huge fiscal deficit until after the election. Our tentative view is that the markets will “muddle through”, and that defaults will be avoided; but higher overall yield levels seem unavoidable. Prospects in these markets are therefore very unattractive. Funding pressures will therefore continued to increase; and so, although there does not appear to be any real danger that the UK might join the list of countries that could default on their sovereign debts, annual debt issues in excess of £200 billion cannot continue for long if this is to be avoided. It is no surprise therefore that investors have reacted by reducing their exposure to the market.
Shaw Capital Management Korea February Newsletter: Article three of three - There is still some doubt whether the UK economy has moved out of recession. The pace of contraction in the third quarter of the year has been slightly reduced, and since then the pace of job losses has declined, and consumer spending has held up fairly well. But business investment and manufacturing activity remains weak, and so there may have been no overall improvement in the final quarter of last year. The Bank of England has therefore kept short-term interest rates at 0.5%, and maintained its quantitative easing programme, and this has provided support for the market, since the bank has been a major buyer of gilts in recent months.
Shaw Capital Management Korea February Newsletter: Article three of three - However it has not been enough to prevent a very adverse reaction to the Pre-Budget Report from the UK Chancellor. The market did not really expect any significant action on the deficit ahead of the forth-coming general election; but was still surprised by the apparent lack of realism. The government is prepared to allow the deficit to continue to accumulate, and is relying on the gilt edged market to provide the funds to finance that deficit in the hope that this will enable it to win the election, and has produced no real indications of how the deficit might be reduced even after the election is over. It is not surprising therefore that investors have reacted by reducing exposure, that 10-year yields have risen to 4% and longer-term yields to 4.5%, and that there are even suggestions that the country could face a capital flight and a full-blown debt crisis in the coming months. We do not share these extreme views; but clearly the prospects for the market are very unattractive, and higher yields appear unavoidable. Investors have reacted by reducing exposure... and there are even suggestions that the country could face a capital flight and a fullblown debt crisis in the coming months.
Shaw Capital Management Korea February Newsletter: Article three of three - The Japanese bond market is basically unchanged over the past month; but there are fears that present yield levels are unsustainable. A sharp reduction in the growth estimate for the third quarter of last year, and weaknesses since then have raised the possibility of a move back into recession and a further period of deflation. The government has reacted by launching its fourth fiscal rescue package since the economic crisis began last year. It amounts to the equivalent of a further $81 billion to be spent in the regions and on subsidies for consumer durables, and is expected to lift the debt issuance this year to a record $835 billion, despite the indications that bond investors may be becoming increasingly unwilling to finance such a high level of new bonds, and the warning from the IMF that the government is risking a significant increase in debt funding costs. Since overseas involvement in the bond market is at a very low level, such a development is unlikely to affect bond markets elsewhere directly; but it could be a warning to other countries of the dangers of placing too much pressure on their own markets.
Shaw Capital Management Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management based in Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation;
portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.
Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Shaw Capital Management News: Flex-Fuel Power Plants Now Opening in Brazil

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management

The recent State of the Union message to Congress by President Obama included a request for the approval of a further fiscal stimulus package this year amounting to around $100 billion to help to tackle the unemployment problem, and he has also presented a $3.8 trillion budget for fiscal 2011 that is likely to maintain the overall deficit around the $1.35 trillion level expected this year.

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management - Much will depend on the attitude of overseas holders, and especially on the attitude of the Chinese and Japanese authorities. For the present they seem to be prepared to maintain and even increase their dollar exposure; and if this continues, and the problems of other major currencies remain unresolved, it should be enough to allow the dollar to “improve”. The euro struggled to recover in the early part of January from the big fall that occurred in December; but the recovery did not last very long, and it has subsequently fallen sharply again, to leave it value against the dollar around 10% below the level in early- December.

There has been no significant change in the underlying economic background, although there is some evidence that the fragile recovery that was developing is losing some momentum.

Foreign Exchange Markets 2010 Part 3: Shaw Capital Management Korea - But there has been a serious deterioration in the financial background as the fears have increased that Greece and some other periphery countries in the euro-zone may be unable to fund their massive fiscal deficits, and service their sovereign debts. There is also considerable uncertainty about the intentions of the European Central Bank and the stronger countries if conditions continue to worsen, and so overseas holders have started to withdraw funds from the European capital markets to await developments.

The present lack of urgency at the central bank and amongst the key politicians suggests that this trend will continue, and that the euro will fall still further; but there is still some hope that the seriousness of the situation will finally produce a support operation that will ease the situation.

Shaw Capital Management News - All the available evidence continues to point to a slow, two-speed recovery in the euro-zone economy. Germany and France appear to be performing reasonably well, although there are some signs of slowdown in Germany; but Greece, Portugal, Spain, Ireland, and even Italy are struggling to escape from recession, and are expected to keep overall output in the euro-zone this year around the 1% level.

Shaw Capital Management News - There is also considerable uncertainty about the intentions of the European Central Bank and the stronger countries if conditions continue to worsen, and so overseas holders have started to withdraw funds from the European capital markets to await developments.

Retail sales remain depressed, and fell by 1.2% between October and November to reflect the continuing caution of consumers; and industrial orders in Germany rose by much less than expected in November, after a very disappointing result in October, to indicate some weakness in export prospects that had been expected to provide significant momentum to the economy.

Shaw Capital Management News: Flex-Fuel Power Plants Now Opening in Brazil

Shaw Capital Management - Investment Innovation & Excellence

Researchers at Shaw Capital Asset Management provide the research and advisory leverage to make your goals a reality.

Is your wealth under invested, focused too highly in one area or non-liquid in existing businesses?
Does your return balance with the risks in your investments?
Do you have a specific time frame in which to meet certain goals?
Does management of your portfolio leave balanced time for other activities and business?
Do you have specific interest or knowledge in a particular industry that interests you?

Special Situation InvestmentsShortened Time Frame of Results

EventsA stock may be undervalued and is expected to rise due to an imminent turn of favourable events.
Trading IndicatorsStock that fluctuates significantly in daily trading. In this case, it is important to understand the reasons for the heavy trading and fluctuations, and see if surrounding factors point to a favourable end gain. If a temporary settling point occurs, this may lead to an additional opportunity for an undervalued situation.

Another factor is whether the fluctuation has crossed the threshold to become reported and market aware. The Shaw Capital Asset Management team of researchers use fast response time and look at many factors to fully qualify a special opportunity.
FundamentalsFundamental analysis to determine the company's position in the market and recent announcements.
Related CompaniesFollow-up research to supplier companies and affiliates to see if related announcements have been made such as pending orders or increased demand. An alternate catalyst for creating a special investment would be news of orders on hold creating a temporary negative market perception and a depressed and undervalued stock price.
NewsBad news temporarily depressing a stocks value with an anticipated upswing.
Economic SectorsSurrounding factors in the economy or market segment indirectly affecting market performance. Is the company positioned to weather the storm and emerge prepared to take advantage of newly freed investment money?
Inside NewsNews of change in management or takeover bids. What effect will these changes have once they are completed?
Insider TradingTransactions inside the company by officers. This insider trading on the open market is required by law to be disclosed to SEC. Such actions may signal imminent change in a companies operation and may by its nature trigger increase or decreases in value.
Price HistoryEspecially when compared to competitors and industry averages, price history is a primary indicator. Is the stock currently undervalued but with strong fundamental factors signaling a likely recovery?
Industry ShareViewed over time and relative to industry averages for growth, is the company ahead of growth, pushing the industry envelope, but perhaps behind in profits causing depressed value, all the while poising itself for an eventual recovery and dominant position?
ManagementDiscussions with management to determine in more detail and with greater understanding the current position.
Financial Position A review of liabilities and collateral backing to evaluate the downside risk. Once the factors are determined and their relationship and timing to industry trends for the anticipated time for positive returns understood, the Special Situation investment is announced to participating customers in this area of opportunity.

Foreign Exchange Markets 2010: Shaw Capital Management

Sep 14, 2010 – The main feature of the foreign exchange markets over the past month has been the further sharp fall in the euro. There has been no real change in the background economic situation in the euro-zone; but there has been a serious deterioration in the financial background as doubts have increased about the ability of Greece and some other periphery countries to cope with their massive fiscal deficits and service their sovereign debts.

Foreign Exchange Markets 2010: Shaw Capital Management Korea: This is clearly leading to a withdrawal of international funds from the European capital markets, and is dramatically illustrated in the widening of yield spreads in the bond markets of member countries. There is still a general assumption that the stronger members will provide support for the weaker members if this proves to be necessary to prevent a default on sovereign debts.

But the uncertainties have been increased by conflicting statements from the European Central Bank and some politicians about the willingness to undertake such operations, and so investors and speculators have taken evasive action, and the euro has fallen by around 10% from its peak in early-December.

This fall has provided support for the other major world currencies, including the dollar; but the background situations in Japan, and in the UK, also provide reasons for concern, and so the currency markets remain in a very uncertain state.

Foreign Exchange Markets 2010: Shaw Capital Management - It is likely that the uncertainty will continue. The US economy is clearly recovering from recession; economic conditions in Japan are very weak, and Japan appears to face the possibility of a credit downgrade if it does not take steps to reduce its massive fiscal deficit; and there have already been warnings from Standard and Poor’s that the UK also faces the possibility of a credit downgrade if there are no convincing measures to reduce its huge fiscal deficit after the forthcoming general election. Prospects are therefore very difficult to assess; but our tentative conclusion is that the dollar will continue to “improve”, helped to a considerable extent by weaknesses elsewhere; and that this will allow market pressures to gradually subside as the global economic recovery continues through the year.

But the possibility of a major currency crisis cannot be ignored, especially if the debt problems in Greece and other periphery countries threaten to lead to the break-up of the single currency system in Europe. It is fortunate therefore that the available evidence on the performance of the US economy is more encouraging. Non-farm payrolls fell again in December by 85,000, but are expected to have increased in January; retail sales held up well in the pre-Christmas period; manufacturing output is improving, according to the latest report from the Institute of Supply Management; and even the housing market appears to be recovering.

This general situation is reflected in the first preliminary estimate from the Commerce Department of growth at a seasonally adjusted annualised rate of 5.7% in the final quarter of last year, a higher figure than the market had been expecting. Most economists therefore appear to be forecasting overall growth this year in the 2.5% to 3% range, after the estimated fall of 2.4% last year.

Foreign Exchange Markets 2010: Shaw Capital Management - The Fed is clearly in no hurry to tighten its present monetary stance. The statement after the latest meeting of its Open Market Committee was more upbeat about the prospects for the economy; but shortterm interest rates were left unchanged and close to zero, and there was a clear indication that they would remain at very low levels “for an extended period”.

The bank did state that it will discontinue most of its emergency lending programmes, and that it would end its purchases of mortgage securities in March; but there was no indication that it would be prepared to implement an “exit strategy” until there was convincing evidence of a sustainable economic recovery. It is also unlikely that there will be any early changes in fiscal policy.
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Shaw Capital Management, Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.

Shaw Capital Management March Newsletter: Japanese Government Submits Budget for Next Fiscal Year

The Democratic Party of Japan (DPJ) government submitted to the Diet the fiscal 2010 budget amounting to ¥92.3 trillion, its first budget since its inauguration in mid-September. The budget was even larger than its counterpart for the current fiscal year — which was already a record if one includes the second supplementary stimulus package, approved last December. This was because of additional spending on child allowances, free senior high school education, cash subsidies to farmers, and higher payments to medical institutions to alleviate the shortage of medical doctors. Particularly noteworthy is the large amount devoted to social security, up to ¥27.3 trillion, which account for 51% of general public spending … the first time that the social security share has exceeded 50%. In marked contrast, public works investment, which has been cut back by almost 20%, amounts to ¥5.8 trillion, a record drop that symbolizes the DPJ’s philosophy of shifting money to people from public works... eightynine dam projects are likely to be frozen. At a news conference, Prime Minister Yukio Hatoyama described it as “a budget meant to safeguard the life of the people.” He also claimed that three reforms were incorporated in the architecture of the budget: first, the principle of a shift of priority “from concrete to people”; second, initiatives taken by politicians instead of bureaucrats; and third, securing transparency in the budget formulation process. Some creditable aspects notwithstanding, the budget bill appears to be overshadowed, as media reports made clear, by concern over a severe revenue shortage and its implications for the future of Japan’s public finances, which are already debt-laden to a perilous extent as recently pointed out by credit rating agency Standard & Poor’s which raised the prospect of a downgrade in Japan’s sovereign debt rating. “The budget bill appears to be overshadowed by concern over a severe revenue shortage and its implications for the future of Japan’s public finances, which are already debt-laden to a perilous extent.” “Japan’s economic policy flexibility has diminished as a result of increased fiscal deficits and government debt, persistent deflation and a prospect of continued sluggish economic growth”, analysts at the firm said in a note. “It’s impossible to keep tolerating this massive spending,” said Takeshi Minami , chief economist at Norinchukin Research Institute in Tokyo. “Japan’s fiscal health will continue to be exceedingly severe given revenue won’t grow and a stagnant recovery may require additional economic measures.” A major reason for the squeeze is a plunge in prospective tax revenues due to the economic downturn and the drop in corporate profits. Tax revenues for fiscal 2010 are estimated to fall to ¥37.4 trillion, the same level as 26 years ago, in the mid-1980s — while corporate tax revenues are expected to be half the amount in normal years. As a result, the government has to raise ¥44.3 billion in new government bonds, compared to ¥53.5 trillion in FY2009. This leaves the treasury dependent on debt for 48% of the total budget, up 10 percentage points. At the end of the fiscal year, on March 31, 2011, the outstanding balance of government bond issues will have shot up to ¥637 trillion, the equivalent of 134% of Japan’s GDP while public debt will probably spiral to ¥973 trillion, almost double GDP. “At the end of the fiscal year, on March 31, 2011, the outstanding balance of government bond issues will have shot up to ¥637 trillion, the equivalent of 134% of Japan’s GDP while public debt will probably spiral to ¥973 trillion, almost double GDP.” According to the new government, the economic policies adopted by the previous ruling party, the Liberal Democratic Party (LDP), failed on two fronts: initially boosting demand by increasing public investment, which was effective in the short term but not sustainable until the end of the 1990s. And later enhancing the supply side of the economy by deregulating the labour market and privatizing public entities, which simply widened the income gap within the economy, in the 2000s. However, the new budget was not well received by most observers. The announcement was rather sudden and lacked a comprehensive path to achieve the stated goals, they claim. Also, no reliable, specific incentives were offered, such as tax changes or deregulation that affect private sector behaviour. More importantly, given its enormous debt, the government has limited room to offer any incentives without jeopardizing other parts of the economy. However, there was no mention of these painful trade-offs. In addition, while the budget contains some signs of change, there is concern that it m

Shaw Capital Management News: Focus on Plutonic Power Corporation (TSX:PCC)

Plutonic Power Corporation develops environmentally cordial run-of river hydro projects in nation Columbia.
Now before we intend into the specifics on this one, let’s prototypal respond the question: What is run-of-river hydro?
Plutonic defines it quite well, stating that run-of-river projects do not actually order whatever damming of water. Instead, whatever of the liquid in a river is pleased and dispatched into a tube titled a penstock.
This penstock feeds the liquid descending to a generating station. The uncolored obligate of somberness creates the forcefulness required to aerobatics the turbines that in invoke create electricity. The liquid leaves the generating send and is returned to the river without altering the existing distinction or liquid levels.
All of Plutonic’s factor specifications and cerebration methods are conformable with providing the small turn of environmental and seeable impacts.
In fact, in a comparability of environmental impacts, the lake Power Authority shows run-of-river hydro to hit inferior of an effect than solar and wind. And of instruction it rates much meliorate than lubricator and coal.
“In a comparability of environmental impacts, the lake Power Authority shows run-ofriver hydro to hit inferior of an effect than solar and wind. And of instruction it rates much meliorate than lubricator and coal.”

Shaw Capital Management News: Operations. Plutonic Power is in the impact of antiquity discover a sort of run-of-river hydro projects in Canada. The prototypal to go online module be the East Toba and Montrose project, which is due to begin dealings after in 2010.
The compounded installed noesis of this digit module be 196 megawatts. All the forcefulness to be generated from this send module be oversubscribed to BC Hydro low a 35-year income contract.
In the ordinal lodge 2009, 74 proportionality of the project’s being cerebration was completed, and 73 proportionality of the penstock was completed. 79 proportionality of the cerebration of the sending distinction was completed.
Shaw Capital Management News: Other projects include: Upper Toba Valley Project (3 facilities). Estimated installed noesis of 166.3 megawatts when completed. Bute Inlet Project (17 facilities). Estimated installed noesis of 1,030 megawatts when completed. Freda Creek Project (1 facility). Estimated installed noesis of 35 megawatts when completed.
The BC Hydro Connection. In June, 2008, BC Hydro launched a Clean Power disposition to amend newborn forcefulness operations. A Request for Proposals followed for projects using proven technologies, much as hydro, wind, solar and geothermal.
This Clean Power disposition allied BC Hydro with the BC Energy Plan which calls for 90 proportionality of forcefulness in the domain to become from decent or renewable sources and for every newborn forcefulness procreation projects to hit set gain edifice pedal emissions.
The aim here for BC Hydro is to successfully discuss noesis acquire agreements with those chosen from a daylong itemize of proposals. … Plutonic is on this list.
And on Nov 19, 2009, Plutonic Power conventional asking from By Hydro that the Bute Inlet and Upper Toba Valley Projects module be approved. These projects were planned together with GE Energy Financial Services.
The GE Connection. In August of 2006, Plutonic Power acknowledged GE Energy Financial Services the inner correct to attain a $100 meg justness assets and wage $400 meg in debt finance for its East Toba River and Montrose project.
In convey for the justness investment, GE gets a 49 proportionality justness wager and 60 proportionality scheme welfare in the project. Now by the instance BC Hydro issued its letter for proposals, GE had presented an justness effort of most $79.3 meg and long most added $71.3 meg assign for the East Toba River and Montrose project.
GE also bacilliform a tie stake with Plutonic terminal June 2009 to acquire an unfinished 144-megawatt twine send in north BC. This is the maximal twine noesis send low cerebration in nation Columbia. Given nation Columbia’s past declaration that it’s feat to found a ‘Green Energy Advisory Task Force’ to support front the Province’s climate, Plutonic Power is in a beatific position.
While Plutonic is knows for run-of-river hydro, this care allows the consort to boost amend naif assets in Canada. The acquire of this twine send was complete on Dec 11, 2009. Given nation Columbia’s past declaration (November 2, 2009) that it’s feat to found a ‘Green Energy Advisory Task Force’ to support front the Province’s climate, to turn edifice pedal emissions and physique a greener economy, Plutonic Power is in a beatific position.
Shaw Capital Management – Investment Innovation & Excellence. We wage the information, brainwave and skillfulness that you requirement to attain the correct assets choices. clarinettist Capital typically offers its clients much services as quality portion and portfolio design; tralatitious and non-traditional trainer analyse and selection; portfolio implementation; portfolio monitoring and consolidated action reporting; and another riches direction services, including estate, tax, consortium and shelter planning, quality custody, intimately held playing issues related with the organisation or treatment of a kinsfolk office, the manufacture of kinsfolk assets partnerships or LLCs, philanthropy, kinsfolk kinetics and inter-generation issues, etc.
Every investor module attain meliorate long-term risk-adjusted results by employed with a genuine unstoppered structure advisor.

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Shaw Capital Management March Newsletter: Japanese Government Submits Budget for Next Fiscal Year

Shaw Capital Management February Newsletter: Government bond Markets 3 of 3

Government bond Markets Part 2 of 3, Shaw Capital Management Newsletter

Shaw Capital Management Korea February Newsletter: Article two of three - Bond markets in mainland Europe have also fallen back towards year-end.

(1888PressRelease) June 25, 2010 - Shaw Capital Management Korea February Newsletter: Article two of three - Bond markets in mainland Europe have also fallen back towards year-end. There are signs of a modest improvement in the background economic situation in the euro-zone; and this seems to be persuading the European Central Bank to withdraw some of the liquidity measures that it introduced to counter the recession as part of a general tightening of monetary policy that might soon include higher short-term interest rates.

Shaw Capital Management Korea February Newsletter: Article two of three - But a more serious immediate consideration for the markets has been the decision by some of the rating agencies to downgrade the credit rating of Greek government bonds , and to warn that other periphery member countries of the euro-zone have been placed on " credit watch " and might suffer the same fate. Investors have responded by widening the yield spreads between the bonds of member countries, and by pushing the overall level of yields higher. The markets appear to be expecting that the process will continue. The Fed appears to agree with this more optimistic view, arguing that economic activity is continuing to pick up, and that the deterioration in the labour market is abating. for weaknesses elsewhere.

Shaw Capital Management Korea February Newsletter: Article two of three - There is also a fear that the contraction that is occurring in banking lending, and in the money supply, may be leading to another credit crunch this year that could extend the economic slowdown. Bank loans to businesses were 1.9% lower in November 2009 than in same month in 2008, and M3 money supply was 0.2% lower, and has been shrinking now for several months. Since an expansion in banking lending was a major plank in the European Central Bank's efforts to combat the recession, this latest evidence of a contraction is a major policy failure, and should be persuading the ECB to move very slowly in dismantling its emergency measures; but all the evidence suggests that it is preparing to act. The latest meeting of its governing council left short-term interest rates and overall monetary policy unchanged; but subsequently the bank chairman argued that some of the existing liquidity measures were no longer needed and would be gradually replaced. This was a disappointment for bond investors, not only because such action might be premature and extend the recession, but also because some of the funds that had been made available had been used to support government bond issues.

Shaw Capital Management Korea February Newsletter: Article two of three - However the more serious consideration was the downgrade of Greece's credit rating, and the threat that other member countries of the euro-zone might receive similar treatment because of the increased risk of defaults. Bond issues in the zone reached the equivalent of $1350 billion in 2009, and are likely to exceed that figure this year, with Greece alone needing to sell $83 billion, and likely to try to rely on overseas investors for at least half the funds.

Article part two of three.

Shaw Capital Management Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management based in Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.
Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

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Shaw Capital Management News: Flex-Fuel Power Plants Now Opening in Brazil

Seoul, South Korea -- (SBWIRE) -- 06/03/2010 -- On January 19th 2010, the first ethanol-fired power plant whirred into action in Brazil. National oil company Petrobras (NYSE: PBR) and American systems giant General Electric (NYSE: GE) pitched in resources to turn an existing 87 MW plant into a flex-fuel power station that can alternate between natural gas and ethanol (which are both considered alternative fuels, even though only one is renewable).

GE wants to see how its turbines can be adapted to work in flex-fuel plants in Brazil and in developed countries like Japan, where clean-burning power plants are gaining momentum.

Brazil's water-dependent hydroelectric infrastructure teeters during the dry season in places where natural gas isn't easily accessible. It just so happens that wind power peaks at the opposite time of the year as the water in running rivers that drives dam-based generation.

Ethanol and wind could supplant natural gas as the primary alternative source of electricity generation during the dry season in Brazil and President Luiz Inacio Lula da Silva said in the Brazilian press that Brazil could be selfsufficient in natural gas after several pre-salt (read: incredibly deep) offshore fossil fuel pockets are tapped.

That capacity is at least five years away. Ethanol is there now, and after wind power auctions started last December, 773 wind turbines will be turning across Brazil by 2012.

Shaw Capital Management Korea News: Shell, Petrobras, GE, and Cosan will surely push hard to get the government in Brasilia to initiate a nationwide "ethanol electricity" campaign to ensure that oil and automotive fuel aren't the key determinants of sugar ethanol's success.

As in so many other areas of the world, those communities that are now underserved by fossil fuels can benefit most from such clean energy advances.

The US Administration completed its revised Renewable Fuels Standard (RFS2). RFS2 will move towards a national goal of 26 billion gallons of biofuel production by 2022.

At Shaw Capital Management we give you the information and insight you need to make the right investment choices. We look forward to working with you and being the open architects of your financial well being.

Shaw Capital Management Korea - Investment Innovation & Excellence. We provide the information, insight and expertise that you need to make the right investment choices. Shaw Capital Management Korea typically offers its clients such services as asset allocation and portfolio design; traditional and non-traditional manager review and selection; portfolio implementation; portfolio monitoring and consolidated performance reporting; and other wealth management services, including estate, tax, trust and insurance planning, asset custody, closely held business issues associated with the establishment or expansion of a family office, the formation of family investment partnerships or LLCs, philanthropy, family dynamics and inter-generation issues, etc.

Every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Our philosophy is simple: almost every investor will achieve better long-term risk-adjusted results by working with a true open architecture advisor.

Before Shaw Capital Management Korea launched the open architecture revolution, investors had to make the unhappy choice between selecting an advisor who was independent, but unsophisticated (the traditional pension and endowment consulting firms), or selecting an advisor who was sophisticated but had conflicting interests (global banks, trust companies, money management firms).

Monday, September 13, 2010

Washington Waxes Brazilian: Shaw Capital Management News

Washington Waxes Brazilian: Shaw Capital Management News Brazil provides us with an example of a rapidly developing, energy-hungry economy in the Western Hemisphere, where biofuel is a fact of life. Biofuel is also an investment imperative for energy investors and companies that want to make money in Brazil. As an important part of the #3 economy in the Americas, ethanol can't be ignored by the United States. (Sugar) Ethanol as a Global Commodity; Focus on Cosan Ltd. (NYSE: CZZ) Cosan is ente...

Shaw Receives $10.8 Million Recovery Act Advanced Energy Manufacturing Tax Credit

BATON ROUGE, La., Jan 08, 2010 (BUSINESS WIRE) -- The Shaw Group Inc. (NYSE: SHAW) today announced it has been awarded a $10.8 million federal tax credit from the U.S. Department of Energy and U.S. Internal Revenue Service for its Shaw Modular Solutions, LLC, nuclear module assembly facility in Lake Charles, La.
The goal of the tax credit, also referred to as Section 48C of the Internal Revenue Code, is to help build a robust, high-technology domestic manufacturing capacity to supply clean energy projects with U.S.-made parts and equipment. The credit supports several critical components of the Recovery Act, including job creation and investment in the domestic renewable energy industry, and will assist Shaw in continuing its role in moving the commercial nuclear industry forward.
Shaw Modular Solutions is a state-of-the-art, 410,000-square-foot facility that will assemble structural, piping, equipment and other modules for new nuclear power plants including Westinghouse AP1000(TM), the world's safest and most economical commercial nuclear power technology. Shaw Modular Solutions will incorporate modern modular construction techniques that result in a shortened schedule and reduced capital costs for new nuclear power plants.
Up to $2.3 billion in credits have been allocated by the U.S. government for advanced energy projects, which will support total capital investments of almost $7.7 billion in new renewable and advanced energy manufacturing projects. The tax credit provides a 30 percent credit for investments in new, expanded, or re-equipped advanced energy manufacturing projects.
Both the Department of Energy and the Internal Revenue Service evaluated and ranked applicants based on a variety of factors, including expected job creation, reduction of greenhouse gas emissions and air pollutants, technological innovation and regional economic development.
"As President Obama stated during his announcement today, these projects must help close the clean energy gap that has grown between the U.S. and other countries, they must reduce our emissions and they must increase our energy security," said J.M. Bernhard Jr., chairman, president and chief executive officer of Shaw. "Shaw is at the forefront of this commitment through our leadership in the revival of the commercial nuclear energy industry."
In addition to the company's long-term investment in Shaw Modular Solutions, Shaw currently is providing engineering, procurement and construction services for six new nuclear units in the U.S., the first contracts awarded in nearly 30 years for new nuclear builds.
The Shaw Group Inc. (NYSE:SHAW) is a leading global provider of engineering, construction, technology, fabrication, remediation and support services for clients in the energy, chemicals, environmental, infrastructure and emergency response industries. A Fortune 500 company with fiscal year 2009 annual revenues of $7.3 billion, Shaw has approximately 28,000 employees around the world and is the power sector industry leader according to Engineering News-Record's list of Top 500 Design Firms. For more information, please visit Shaw's Web site at www.shawgrp.com.
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained herein that are not historical facts (including without limitation statements to the effect that the Company or its management "believes," "expects," "anticipates," "plans" or other similar expressions) and statements related to revenues, earnings, backlog or other financial information or results are forward-looking statements based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions and are subject to change based upon various factors. Should one or more of such risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in the forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. A description of some of the risks and uncertainties that could cause actual results to differ materially from such forward-looking statements can be found in the Company's reports and registration statements filed with the Securities and Exchange Commission, including its Form 10-K and Form 10-Q reports, and on the Company's Web site under the heading "Forward-Looking Statements." These documents are also available from the Securities and Exchange Commission or from the Investor Relations department of Shaw. For more information on the company and announcements it makes from time to time on a regional basis, visit our Web site at www.shawgrp.com.