He added: “Most investors will also understand that putting less than 1% of a portfolio into a company is not really very productive: if that company turns out to be a real winner, it won’t create very much gain if the portfolio only has half of a per cent allocated to that company.”
In fact, out of the roughly 4,000 publicly-traded companies in the US listed on the major exchanges, more than 2,300 of them have market capitalizations below $1 billion, and over 2,700 have market capitalizations below $2 billion.
“To make matters worse for large funds, many of the biggest opportunities for growth will be found in companies with smaller market capitalizations,” Frigon said. “Investment options diminish as an investment strategy gets bigger, as does the speed with which the strategy can buy or sell an investment position.
“For some investment goals, investing in funds with fewer assets under management can offer greater opportunity.”
The second major opportunity Frigon highlighted for investors was Israel, pointing out that every major US technology company, and increasingly US-based bio-pharma companies, have research and development centres in the country.
London Community Foundation tackling lack of housing with $20-million investment – Global News
The London Community Foundation (LCF) is committing up to $20 million to addressing London’s affordable housing crisis.
The funds will be used to create a dedicated affordable housing fund of $17 million to $20 million to support the creation of more affordable housing options in the city.
“Adequate, safe and affordable housing should not be out of reach,” said LCF president and CEO Martha Powell.
“The shortage of affordable housing in our community is at a crisis point.”
London currently has a housing shortage of 3,000 units and more than 2,400 individuals and families accessing emergency shelters each year.
The fund is designed to offer flexible financing for community organizations interested in creating affordable housing.
According to the LCF, a major barrier to entering the affordable housing market is the high startup costs.
LCF is proposing low-interest, early-stage, flexible financing to help groups with initial startup costs like fund assessments, land acquisition, and planning and zoning expenses needed before the first phase of a project can be completed.
This idea builds upon the concept of LCF’s $10-million Social Impact Fund, which has helped to create 341 units of affordable housing.
In addition to the $20-million fund, the foundation announced the establishment of a Housing Action Committee, which will identify organizations that have an interest and capacity to help create affordable housing but who need more information and financial assistance to develop their plans.
“We hope to help those already providing housing solutions and those who may be able to help,” said committee chair John Nicholas.
© 2020 Global News, a division of Corus Entertainment Inc.
Kate Middleton and Prince William host glamorous reception for UK-Africa Investment Summit
William a speech at the event in which he spoke about the important relationship between the UK and Africa.
“The African continent holds a very special place in my heart,” the Duke of Cambridge said in a speech after arriving in the Music Room for the event. “It is the place my father took my brother and me shortly after our mother died.
“And when deciding where best to propose to Catherine I could think of no more fitting place than Kenya to get down on one knee.
“Throughout my life, I have been lucky enough to spend time in many other parts of Africa. I’m also honoured to be the Patron of the Royal African Society.
“And as Catherine and I have said to several of you here tonight, we hope to have the chance to visit many more countries in the future and share our mutual love of your continent with our children.”
Photo: © Yui Mok/AFP via Getty Images
Supporting employees and families in crisis is a good investment – Campbell River Mirror
Coping with stressful situations can be difficult at the best of times.
Supporting coworkers who are trying to process the loss of a loved one, marital separation, addiction issues or other life circumstances can also be challenging. While one’s co-workers, managers – even business owners – may be supportive and well-intentioned, they may not be equipped to adequately help someone through a difficult time or crisis.
It’s an issue more companies are addressing as a way to invest in their employees’ health and well-being, says Kelsi Baine, executive director and certified counsellor with Upper Island Counselling in Campbell River. Having a professional outside agency on standby to help employees and their families manage difficult times can be a good short- and long-term strategy, she adds.
Putting the ‘human’ into HR
If you oversee human resources for your company, no matter what its size, knowing how to respond when a staff member needs personal help can be tricky. Baine says many of her member companies learned about UIC’s Employee and Family Assistance Program through conversations and referrals from other HR professionals.
“For those in HR, when someone is struggling in their office, they want to support them, but they recognize they’re not a counsellor,” Baine says. “So they want to have a trusted and effective resource they can suggest as a way to best help them. Sometimes we’ve heard that one HR director will tell another, ‘if you don’t have this resource in your back pocket, you’re missing out.’”
Getting people the help they need
Brian Cruise, of Cruise HR Solutions, works with employers on ways to better support their staff. He agrees managers often struggle to help employees deal with personal issues that may be affecting their work.
“Those of us in the HR world, we’re not trained counsellors, so you often hesitate to involve yourself with employees because it’s unfamiliar turf,” he says. Not only that, he adds, employees can be reluctant to divulge personal struggles fearing that doing so may reflect badly on their work performance. “People are much more likely to talk openly and honestly with someone not connected with their workplace.”
Healthy workers mean healthy companies
With company owners or upper management focusing on running the business, it’s often operational staff who initiate discussions about the need for outside resources, Baine says.
“Frontline workers know when something is going on in someone’s life that requires taking time off or the availability of counselling supports,” she says. “When requests for more supportive services come from the ground up, many employers are receptive – they see it as a wise investment in their people, and we couldn’t agree more.”
If you’d like to find out how Upper Island Counselling can help you, your family and the people you work with, visit uics.ca or call 250-287-2266.
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