Property managers take the 'lazy assets' off the balance sheet

Article Abstract:

Companies are adopting a new method for handling property assets that lowers operating costs and releases capital. They sell off the lands or buildings, lease them back, and turn over the management to a third-party specialist. Companies can save around 5% per year on operations, and gain access to capital that can be used for investment or for other projects.

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Coaches in the game of life

Article Abstract:

Life trainers, or consultants who assist clients with their personal, financial and professional lives, are becoming increasingly popular. Life trainers offer advice and guidance on all lifestyle aspects, from grooming to developing career promotion plans. The service can be expensive, with some trainers providing personal consultations at A$500 per hour.

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Goldman Sachs on new money trail

Article Abstract:

Malcolm Turnbull, manager of Goldman Sach's new venture capital arm, GSVentures, has up to A$250 million/y to invest globally in start-up financial services companies.

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