Flare-up at Markstone meeting keeps Kissinger waiting - report

There were complaints that the fund does not publish financial reports on the performances of the companies that it invests in.

There was an embarrassing incident last week at an investors meeting of Markstone Capital partners Group LLC, according to US newspaper reports.

Several investors reportedly disturbed discussions and called out comments to the fund's managers Ron Lubash, Amir Kess and Dan Gillerman. Sources close to Markstone claim it was only one investor who disrupted the meeting.

But what was especially embarrassing was that former US Secretary of Stare Henry Kissinger, who is a personal friend of former Israel Ambassador to the UN Dan Gillerman, was kept waiting on the stage until the disturbance died down before being able to talk about Middle East Policy and relations with Iran.

The disturbances during the investors meeting revolved around claims about the data presented by the Markstone fund managers. There were complaints that the fund does not publish financial reports on the performances of the companies that it invests in.

Markstone commented, "Reports to investors are in line with rules and acceptable levels of reporting. There are exceptions regarding certain portfolio companies where Markstone is committed not to pass on certain information where giving or leaking that information could harm these competitive capabilities. Markstone respects this commitment, and there is nothing in it which harms the general and accepted reporting by the fund to its investors."

Published by Globes, Israel business news - www.globes-online.com - on October 11, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס Capital  Markets Conference 2017