Israel: the new destination for hedge fund managers

Keinan, an Israeli fund manager, was ready for the question he’s always asked when he met with investors in New York in October: Why put your money with a manager whose country Iran has threatened to obliterate? “We tell them ‘if the Iranians attack, the worst thing that can happen is you lose your money manager not your money,'” Keinan, chief executive officer of Tel Aviv-based KCPS & Company, which oversees $1 billion in assets, replied. “The notion is trade global markets with global assets and clients, but just do it from Israel because of the concentration of talent here.”

Sheinkin Street renovation is now complete

The renovation of Sheinkin Street, the mecca of Tel Aviv style was completed this week, earlier than scheduled, along ith catwalk fashion shows featuring 20 models, music performances, 3D street games and a graffiti wall.

The renovation project began in November 2011, and the total cost is estimated at 30 million. It has a separate bicycle trail connecting the Nahalat Binyamin and Carmel Market with Rothschild Boulevard and Yehuda Halevi Street which is part of the new green road network.

Major changes are a new sewage infrastructure, the renovation and expansion of the pedestrian sidewalks, relocation of Tel-O-fan stations, installation of new illuminated signage and decorative lighting poles, new street furniture and trees on both sides of the street.