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West Palm Beach (HedgeCo.net) – Hedge fund firm, Financial Investments Inc. (FII), is to be recognized as one of the 500/5000 winners to be honored at a special event in Washington in September. The hedge fund will also be featured in the September issue of Inc. magazine.

The Inc. 500 celebrates the fastest-growing private companies in America. FII is a Herndon, Virginia-based Alternative financial investment management firm that has recently garnered national recognition for its growth and outstanding performance. Companies that qualify for the Inc. 500 must have a sales history of four or more years and annual revenues of at least $2 million in 2008.

FII has also been recognized by Virginia Business Magazine as a regional semi-finalist for its Small Business Success Story of the Year. In 2008 and 2009, the Virginia Chamber of Commerce also named FII to their “Fantastic 50″ list of the state’s 50 fastest growing companies.

“FII was founded in 1997, and has achieved annual revenue growth in excess of 40% each year for the last four years,” said Craig Kendall, President and CEO. “Our customer focus and disciplined approach to investments with commodities, equities and equity indexes has resulted in consistent commendable returns for our institutional and private investors. Time and again we have exceeded returns to investors in excess of the S & P 500 during this year’s volatile market,” he added.

This is the second year that FII has been recognized in the Inc 500/5000 awards program. “FII continued with its growth and improvement of services all during the recent meltdown that the financial markets have experienced. A feat that we are most proud of”, stated Kendall.

FII evolved from the original accounting firm of Kendall & Company, CPA’s. In 2005, FII created Financial Commodity Investments (FCI) to provide products and services relating to commodity markets. As of July, 2009, the FCI products have generated net positive YTD returns in excess of 20% to investors. In August, 2009 the FCI alternative investment products were also recognized and ranked as one of the top Top Commodity Trading Advisors, CTA’s for five year returns as tracked and reported by Barclays in their Barclay Managed Funds Report.

Alex Akesson

Editor for HedgeCo.net

alex@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Tags: business success story, commodity-investments, fii, performance companies, private investors, volatile market

New York (HedgeCo.Net) – Spanish bank Santander is seeking to freeze redemptions after stating on Monday that they currently lack the liquidity to meet the rising demands for withdrawals.  Investors in the bank’s flagsihip real-estate fund, the Santander Banif Inmobiliario FII, moved to withdraw 80 percent, or $3.3 billion, of the fund’s capital at the end of January according to a regulatory filing yesterday.

Santander stated that investors would receive 10 percent up front of their redemption claims, to be followed by 10 percent increments whenever they could meet those demands.  If they are still short on cash, they would inject capital themselves, they added.

The bank is hoping to put a halt on full capital withdrawals for the next two years so they may start an “orderly program of disposals.”  They added that if they could not fulfill requests at the end of that period, they would wind down the fund.

The fund suffered losses last year after dropping 15 percent at the start of the fourth quarter after market conditions in residential real estate rentals took a turn for the worse.  67 percent of the fund’s assets were invested in real estate.

Some experts worry that the influx of demands at Santander may spark a domino effect with other Spanish funds invested in real estate, which considering their illiquidity, could pose a major a problem.

Santander has had their share of obstacles recently, including a massive 2.33 billion euro exposure to Bernard Madoff through their Optimal Investment Fund.  Shares closed down 4 percent yesterday to 5.49 euros.

Julie Scuderi
Senior Editor for HedgeCo.Net
Email: julie@hedgeco.net

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Tags: bank santander, cambria, fii, font definitions, font format, hedgeco, increments, liquidity, orphan, panose, paper source, quot quot, redemptions, sans serif, spanish bank, style definitions, style type, times new roman, withdrawals