Topic: Elvinger, Hoss & Prussen = 857,599 shares

Elvinger, Hoss & Prussen = 857,599 shares

This topic has 4 voices, contains 9 replies, and was last updated by Palmtok 105 days ago.

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February 3, 2012 at 2:21 pm #7096
Tree	Holy STP! Large Law Firm from Luxembourg now a top 10 shareholder. 857,559 ennerOle shares as of 12/31/11 per Morningstar. Not listed as a NEW position, but I haven’t seen their name before. Very well could be our new large buyer Wayne mentioned. Morningstar shows Alliance Trust as trimming 80k shares in Q4 contradicting NASDAQ naming them a new position, which they clearly are not as they have been an IOC holder for many Qtrs. http://investors.morningstar.com/ownership/shareholders-major.html?t=IOC http://www.ehp.lu/the-firm/in-brief/
February 3, 2012 at 2:40 pm #7099
my2cows	“The firm advises on high-profile local and international transactions and has an impressive track record. ” I bet… nice being lawyers and not having to worry about insider trading.
February 3, 2012 at 2:47 pm #7102
Palmtok	Interesting that Prudential Retirement Ins & Annuity shows as a new investor. Seems they would be ultra-conservative. This firm you mention is more than interesting. Possible trust of some sort? Can’t believe a law firm would invest that much. OK stp, binck, Freddie, petro get your investigator hats on and see what this could be about.
February 3, 2012 at 2:53 pm #7103
Petrovale	Palm, I was just going to say that, if a Luxembourg firm invests in IOC, the whole project must be (almost) completely de-risked… Will put my research hat on, and report back later.
February 3, 2012 at 3:08 pm #7107
Petrovale	Senior partner heavily related to a zillion db x-tracker funds (ETFs), holding multiple directorates. Mr. Jacques Elvinger is a Partner at Elvinger, Hoss & Prussen. Mr. Elvinger serves as Executive Officer at Interdin Holding, S.A. He specializes in all legal matters pertaining and related to investment funds. He serves as a Director of db x-trackers MSCI Korea TRN Index ETF, db x-trackers CSI 300 Financials Index ETF and db x-trackers CSI 300 Real Estate Index ETF. He is a lawyer and member of the Luxembourg Bar. He practices general corporate and banking law and is specialized in the field of investment funds and pension funds. Mr. Elvinger is also a member of the Advisory Committees to the Commission for the Supervision of the Financial Sector in the area of investment funds, pension funds and investment companies in risk capital. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1624353
February 3, 2012 at 3:33 pm #7111
Petrovale	Jacques Elvinger is Chairman of JP Morgan Private Bank Funds in Luxembourg, which works intensively with Swiss parties. Previously acted for JP Morgan in relation to financing M&A and IPOs of technology companies. Direct link to major O&G interests through JP Morgan Private Bank Funds I – Islamic Global Dynamic Equity Fund. http://www.jpmam.lu/en/dms/JPMorgan%20Private%20Bank%20Funds%20I%20IRP%20CH_EN.pdf
February 3, 2012 at 3:37 pm #7113
Petrovale	King Freddie, did you ever pour him a drink?
February 3, 2012 at 3:47 pm #7114
Palmtok	Interesting Petro; I see also on their site that in January one of their Bigs was a speaker at an Asian investment conference. In the narrative it mentioned that Luxembourg is 2nd only to the US in some of these investment vehicles/funds. Was not aware of that. It’s anyone’s guess on what this might be about, but that’s an approx. $51 million bet made in the 4th qtr when all of the turmoil was going on, but also the SD solicitation. I guess as usual we will wait to see if this of any real importance.
February 3, 2012 at 3:56 pm #7116
Petrovale	Yes, a key financial centre in Europe, for better or for worse. I remember a lot of my previous Euro denominated ETF investments in emerging markets went through Luxembourg. More interesting, though, is their direct link to JP Morgan, Luxembourg / Geneva.
February 3, 2012 at 4:36 pm #7120
Palmtok	Petro, could well be the JPM connection. JF Global Focus A USD is one of JP Morgan’s funds. IOC is this fund’s largest holding (2.92% of fund value of EUR 1,280.54 (Mil) or approx 16,500 shares): http://www.morningstarfunds.ie/ie/snapshot/snapshot.aspx?id=F0000003NF&tab=3 And Elvinger, Hoss & Prussen is the fund advisor: http://www.morningstarfunds.ie/ie/snapshot/snapshot.aspx?id=F0000003NF&tab=4 I would guess that this fund would be included in the JPMorgan Fund Management #s. So we’re grasping at straws, but not much else to do at this point; something to do while we await what sounds to be exciting IOC news.