Bellevue Asset Management : Bellevue Asset Management creates independent Advisory Board

June 16, 2010 By Leave a Comment

Bellevue Asset Management / Bellevue Asset Management creates independent Advisory Board
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of this announcement.

PRESS RELEASE
Küsnacht, June 14, 2010

Investment expertise in healthcare sector strengthened

As part of the systematic expansion of its sector and investing expertise, Bellevue
Asset Management has created a Healthcare Advisory Board composed of highly qualified
executives with many years of experience as well as distinguished scientists. This
further strengthens the company’s proven competency in the healthcare sector as well as
its already extensive international network. The objectives here are detecting mega
trends and investment opportunities at a very early stage, systematically identifying
groundbreaking innovations and realistically evaluating their prospects of success and,
ultimately, using this knowledge to make sound and successful investment decisions.

The creation of an independent Healthcare Advisory Board marks another step forward in
the steadfast implementation of Bellevue Asset Management’s strategic expansion of its
asset management business. The company has attracted prominent executives and experts
with excellent credentials and track records to its international Advisory Board. They
are industry representatives with high R&D competence and who are very familiar with
regulatory processes or have decades of experience in managing international companies.
The newly constituted board chaired by William M. Burns, former CEO of the Pharma
Division at Roche, will focus its attention on trends and investment opportunities in
the healthcare sector.

The board members, internationally recognized experts representing diverse industrial
and academic backgrounds, will advise the investment specialists at Bellevue Asset
Management and support them in the evaluation of consequential medical and technical
innovations in the biotechnology and medical technology sectors as well as in other
areas, including the corresponding investment possibilities.

“The innovative forces at work in the healthcare sector remain as strong as ever, which
makes the early detection of critical trends and an accurate assessment of the chances
of their successful commercial realization all the more important. We are looking
forward to a fruitful and rewarding interdisciplinary exchange of knowledge and ideas
with the portfolio managers,” says William M. Burns, Chairman of the Advisory Board.
Hans-Peter Diener, CEO of Bellevue Asset Management, adds: “We are honored to be able to
consult such high-caliber professionals while screening, evaluating and realizing
investment opportunities, for it is only through an active discourse with the best
experts worldwide that specialist knowledge and expertise can be maintained and
developed at internationally competitive levels. This, in turn, enables us to detect
future investment ideas early on and realistically assess their prospects.”

The Healthcare Advisory Board consists of the following experts:

William M. Burns (Chairman)

Board member of Roche Group; ex-CEO Roche Pharma; Board member of Chugai and member of
the Advisory Board of Genentech; Board member of Shire and Crucell

Prof. Dr. Dr. Uwe Bicker

Aventis Foundation trustee; Board member of Sanofi-Aventis; Vice Chairman of Epigenomics
AG; Professor at the Faculty of Clinical Medicine Mannheim, University of Heidelberg

Prof. Dr. Stefan Catsicas

Co-founder of the Tilocor Life Science biotechnology group; Former Professor at the
School of Medicine in Lausanne and Professor, Vice President and Research Director at
the Swiss Federal Institute of Technology (Lausanne)

Dr. Jürgen Schwiezer

Ex-CEO Roche Diagnostics

Prof. Dr. Thomas Szucs

Chairman of Helsana Group and BB Biotech AG; Director of the Institute of Pharmaceutical
Medicine at the University of Basel

Prof. Dr. Otmar D. Wiestler

Chairman of the Management Board and Scientific Director of the German Cancer Research
Center, Heidelberg

Bellevue Asset Management is one of the leading providers of investment management
services in the healthcare sector, specifically in medical technology and biotechnology.
14 experts in the fields of biochemistry, molecular biology, medicine and economics
manage approximately CHF 2.2 billion using specialized sector strategies in the
healthcare sector. With an average of 10 years of professional experience and a network
of contacts spanning the globe, they are a key factor for competitive and sustainable
investment success.

Based on its profound healthcare expertise Bellevue Asset Management offers a
comprehensive range of investment vehicles:

Traditional investment vehicles

BB Biotech AG (listed investment company)
BB Biotech (Lux) Fund
BB Medtech (Lux) Fund
BB Healthcare (Lux) Fund

Non-traditional investment vehicles

BB Bioventures
BB Biotech Ventures II – III
BB Alpha Health (long/short equity fund)

For further information:

Bellevue Asset Management AG, Seestrasse 16/P.O. Box, CH-8700 Küsnacht/Zurich

Thomas Egger, Tel. +41 (44) 267 67 09, teg@bellevue.ch mailto:teg@bellevue.ch

Images available here

http://www.bellevue.ch/cms/bellevue_asset_management/page3508.html

(http://www.bellevue.ch/cms/bellevue_asset_management/page3508.html
http://www.bellevue.ch/cms/bellevue_asset_management/page3508.html )

Bellevue Asset Management

Bellevue Asset Management is an independent and highly specialized asset management
boutique focused on managing equity portfolios for selective sector and regional
strategies as well as institutional portfolios, particularly in the areas of healthcare,
new markets and Swiss/European equities.

HUG#1423774

Press Release Bellevue Asset Mgt (PDF) http://hugin.info/142988/R/1423774/372552.pdf

— End of Message —

Bellevue Asset Management
Seestrasse 16 / P.O. Box Kusnacht/Zurich Switzerland

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Golden Ocean Group: GOGL – Mandatory Notification of Trade

June 16, 2010 By Leave a Comment

Hemen Holding Limited, a company indirectly controlled by trusts affiliated with John
Fredriksen and his family, has settled a TRS agreement (Total Return Swap) underlying
1,423,001 shares in Golden Ocean Group Limited (“Golden Ocean”) expiring June 14, 2010.
Hemen Holding Limited has subsequently entered into a new TRS agreement with exposure to
the same number of underlying shares. New expiry date is September 14, 2010, and the new
TRS price is NOK 8.8428 per share. Hemen Holding Limited’s affiliated ownership in
Golden Ocean Group Limited is not influenced by the TRS agreements. Drew Investment, a
company controlled by Tor Olav Trøim, has settled a TRS agreement underlying 800,000
shares in Golden Ocean expiring June 14, 2010. Drew Investment has subsequently entered
into a new TRS agreement with exposure to the same number of underlying shares. New
expiry date is September 14, 2010, and the new TRS price is NOK 8.8428 per share. Drew
Investment and Tor Olav Trøims ownership in Golden Ocean is not influenced by the TRS
agreements.

Hamilton, Bermuda

June 15, 2010

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

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Seoul shares rise 0.9 pct on foreign buying, techs

June 15, 2010 By Leave a Comment

June 14 (Reuters) – Seoul shares ended up 0.9 percent on Monday as steady buying by foreign investors sustained upside momentum, with gains led by retail and technology issues including Samsung Electronics (005930.KS).

Financials

The Korea Composite Stock Price Index (KOSPI) finished up 0.91 percent at 1,690.60 points.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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India May inflation to be in same range as April-finsec

June 15, 2010 By Leave a Comment

June 14 (Reuters) – India’s May headline inflation should be in the same range as April, Finance Secretary Ashok Chawla told Reuters on Monday.

The median forecast for May inflation in a Reuters poll is 9.56 percent, which compares with April’s reading of 9.59 percent. [ID:nSGE65A09I]

The data is due at 0630 GMT. (Reporting by Abhijit Neogy)

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Taiwan stocks hit 3-week closing high; TSMC gains

June 15, 2010 By Leave a Comment

TAIPEI, June 14 (Reuters) – Taiwan stocks rose 1.2 percent to
a three-week closing high on Monday, with financials in the lead,
while chip maker TSMC (2330.TW) gained amid optimism over demand
for technology products.

Taiwan’s main TAIEX share index closed up 87.91
points at 7,387.40. The financial sub-index .TFNI gained 2.1
percent.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s
top contract chipmaker, rose 0.99 percent, lifting the
electronics sub-index .TELI 0.82 percent.

Some analysts said foreign investors were likely to buy more
local shares this week if U.S. stocks stabilised and sales of a
new generation of personal computers, mobile phones and other
high-tech gadgets continued to grow globally.

Foreign investors were net buyers in the past two trading
sessions. Their net selling in May had totalled T$127 billion
($3.92 billion), the highest monthly total in 2-½ years.
[ID:nTOE65305E]

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S.Korea Hana unit buys $333 mln U.S. skyscraper

June 15, 2010 By Leave a Comment

June 14 (Reuters) – A real estate investment arm of South Korea’s Hana Financial Group (086790.KS) said on Monday it had bought a major skyscraper in San Francisco’s financial district occupied by Wells Fargo (WFC.N) for $333 million.

Stocks | Mergers & Acquisitions | Global Markets | Financials

Daol Fund Management, the real estate unit, said in a statement it completed the purchase of 333 Market Street with major financial investors including the Korean Teachers’ Credit Union and the Korea Federation of Community Credit Cooperatives.

Wells Fargo has a tenant contract for the entire building until 2026, Daol said. (Reporting by Rhee So-eui; Editing by Jonathan Hopfner)

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U.S. crude rises more than $1 on economy, weaker dollar

June 15, 2010 By Leave a Comment

June 14 (Reuters) – U.S. crude climbed more than $1 on Monday, heading towards $75 a barrel as renewed optimism about the global economic recovery rekindled appetite for risk, sending stock markets higher and the dollar down.

The dollar weakened about 0.6 percent against a basket of currencies .DXY, with the euro at a one-week high, while Japanese stocks rose as the nation’s manufacturers grew more optimistic about the business environment in the April-June quarter. [ID:nTOE65A05M]

U.S. crude for July CLc1 rose as much as $1.01 to $74.79 a barrel and was up 96 cents to $74.74 at 0514 GMT, still down 14 percent from a 19-month high above $87 in early May. ICE Brent LCOc1 gained 77 cents to $75.12. (Reporting by Alejandro Barbajosa; Editing by Michael Urquhart)

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Three Israeli policemen wounded in W.Bank attack

June 15, 2010 By Leave a Comment

June 14 (Reuters) – Unknown assailants shot and wounded three Israeli policemen in an attack on their vehicle in the occupied West Bank on Monday, Israeli officials said.

An ambulance service spokesman said two of the three policemen had been seriously wounded in the attack near the town of Hebron. All three were being taken to hospital, said the spokesman.

The number of attacks and casualties in the West Bank has dropped markedly in the past few years, but last month armed settlers shot dead a Palestinian teenager near the city of Ramallah after he threw rocks at their car.

Some 500,000 Jewish settlers and about 2.5 million Palestinians live in the West Bank and areas near Jerusalem annexed by Israel after a 1967 Arab-Israeli war. (Writing by Ori Lewis; Editing by Ralph Gowling)

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Japan PM Kan: To realise budget balance by 2020

June 15, 2010 By Leave a Comment

(For more stories on the Japanese economy, click [ID:nECONJP])

Bonds

TOKYO June 14 (Reuters) – Japanese Prime Minister Naoto Kan said on Monday the government will pledge to bring the primary budget balance into the black within a decade when it maps out its long-term fiscal reform plan later this month.

Kan also vowed to keep fresh government bond issuance at or below the current level of 44.3 trillion yen ($483 billion) in the fiscal year starting next April. ($1=91.64 Yen) (Reporting by Tetsushi Kajimoto)

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Bookies see Europe stocks adding to recovery rally

June 15, 2010 By Leave a Comment

June 14 (Reuters) – Financial bookmakers expected to see the leading European benchmark indexes rising on Monday, gaining ground for the fourth consecutive session, buoyed by gains on Wall Street and in Asia.

Stocks | European Markets | Global Markets | Financials

Financial spreadbetters expected Britain’s FTSE 100 .FTSE to open around 35 points higher, or 0.7 percent, Germany’s DAX .GDAXI to open around 40 points higher, or 0.7 percent, and France’s CAC-40 .FCHI to open around 15 points higher, or 0.4 percent.

(Reporting by Blaise Robinson)

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Northland Resources S.A.: New ISIN, CINS Numbers Effective Today

June 15, 2010 By Leave a Comment

LUXEMBOURG, LUXEMBOURG, Jun 14 (MARKET WIRE) —
Northland Resources S.A. (TSX: NAU)(OSLO: NAUR)(FRANKFURT: NBS)
(“Northland” or “the Company”) announces that further
to the Company’s press release dated June 9, 2010, the common shares of
the Company will commence trading with new ISIN and CINS as of today,
Monday, June 14, 2010. The numbers are as follows:

ISIN: LU0488722801

Common Code: 048872280

CUSIP (CINS): L69683 107

Contacts:
Northland Resources S.A.
Deborah Craig
Corporate Secretary
+46 70 638 4300
www.northland.eu

Copyright 2010, Market Wire, All rights reserved.

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Singapore bourse signs agreement with India’s HCL

June 15, 2010 By Leave a Comment

June 14 (Reuters) – The Singapore Exchange (SGXL.SI) said on Monday it had signed a five-year IT infrastructure agreement with India’s HCL Technologies (HCLT.BO) for S$110 million ($78.6 million).

Financials | Technology

Under the agreement, HCL will provide the Singapore bourse with infrastructure support and management services under its Reach Initiative, which aims to create the world’s fastest trading engine and seamlessly connect global hubs to Singapore.

“HCL is an important partner for SGX in enabling the Reach initiative to provide customers with the fastest access to Asia and in enhancing the efficiency and effectiveness of our operations on daily basis,” Bob Caisley, the exchange’s executive vice-president, said in a statement. (Reporting by Harry Suhartono; Editing by Raju Gopalakrishnan)

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Northland Resources S.A.: New ISIN, CINS Numbers Effective Today

June 15, 2010 By Leave a Comment

Luxembourg, June 14, 2010: Northland Resources S.A. (“Northland” or “the Company”)
announces that further to the Company’s press release dated June 9, 2010, the common
shares of the Company will commence trading with new ISIN and CINS as of today, Monday,
June 14, 2010. The numbers are as follows:

ISIN: LU0488722801
Common Code: 048872280
CUSIP (CINS): L69683 107

For further information, please contact:

Deborah Craig, Corporate Secretary, tel. +46 70 638 4300

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian
Securities Trading Act)

HUG#1423520

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Aussie gains vs dollar; euro up on short-covering

June 14, 2010 By Leave a Comment

June 14 (Reuters) – The Australian dollar gained to a four-week high against the U.S. dollar on Monday while the euro rose briefly above $1.2200 as short-covering was extended on stop-losses in thin, early Asian trade.

Currencies

The Aussie rose as high as $0.8563 according to the Reuters dealing system, the highest since May 19.

The euro climbed as far as $1.2208 on trading platform EBS, before trading at $1.2185 EUR=, up 0.6 percent on the day. (Reporting by Satomi Noguchi)

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S.Korean won rises 1.6 pct after FX curbs

June 14, 2010 By Leave a Comment

June 14 (Reuters) – The South Korean won rose as much as 1.6 percent against the dollar early on Monday, with traders relieved after the government unveiled long-anticipated restrictions on derivatives largely in line with expectations.

The won KRW= KRW=KFTC rose to as high as 1,226.2 per dollar from Friday’s domestic close of 1,246.1.

Short-end non-deliverable won forwards KRWNDFOR= were also trading more than 1 percent higher than their previous closing levels against the dollar. (Reporting by Yoo Choonsik; Editing by Jonathan Hopfner)

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Nikkei rises over 1 pct, boosted by tech shares

June 14, 2010 By Leave a Comment

June 14 (Reuters) – Japan’s Nikkei average rose 1.2 percent on Monday, powering towards a key resistance level as tech shares such as Advantest Corp (6857.T) rose in the wake of gains by Wall Street peers as U.S. consumer sentiment improved.

Stocks | Global Markets | Financials

But lingering worries about the euro zone’s debt problems may make it hard for the benchmark to push above 9,900, the level of its 25-day moving average and a crucial resistance point, analysts said.

The benchmark Nikkei .N225 gained 116.98 points to 9,822.23, while the broader Topix rose 1 percent to 875.44.

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Seoul shares open 0.5 pct higher on techs

June 14, 2010 By Leave a Comment

June 14 (Reuters) – Seoul shares opened 0.5 percent higher on Monday, helped by firm rises on Wall Street and positive U.S. data, with technology issues such as Hynix Semiconductor (000660.KS) leading gains.

Financials

The Korea Composite Stock Price Index (KOSPI) was up 0.50 percent at 1,683.74 points as of 0004 GMT.

(Reporting by Jungyoun Park; Editing by Jonathan Hopfner)

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Soccer-World-Police fire teargas at Durban World Cup workers

June 14, 2010 By Leave a Comment

South Africa, June 14 (Reuters) – South African police fired teargas and rubber bullets late on Sunday to disperse hundreds of stadium workers protesting over wages in the coastal city of Durban, Reuters witnesses said.

Riot police armed with shotguns and riot shields chased the workers, who were deployed as stewards in the ground, out of the stadium where Germany had earlier beaten Australia 4-0 in their opening World Cup game.

At least one woman was injured.

“We were mounting a peaceful protest because they were not paying us what we expected and we were surprised that the police started charging at us. They fired teargas at us,” said one of the workers, Sydney Nzoli. (Reporting by David Clarke and Nick Mulvenney; Editing by Greg Stutchbury)

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Swiss businessman arrives in Zurich from Libya

June 14, 2010 By Leave a Comment

June 14 (Reuters) – Swiss businessman Max Goeldi, at the centre of a political row between Libya’s ruling Gaddafi family and Switzerland, arrived at Zurich airport on Monday after serving a four-month sentence in Libya.

Stocks | Global Markets

The spat began two years ago when Swiss police briefly arrested Hannibal Gaddafi, a son of Libyan leader Muammar Gaddafi, and it later escalated into a conflict that drew in the European Union, the United States and major energy firms.

Libyan officials deny the Swiss man’s case had anything to do with Hannibal Gaddafi’s arrest, but Goeldi’s supporters say he was an innocent pawn caught up in Libya’s retaliation against Switzerland.

(Reporting by Arnd Wiegmann and Jason Rhodes)

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Investors back buyouts despite weak returns-study

June 14, 2010 By Leave a Comment

LONDON, June 14 (Reuters) – Private equity investors are planning to commit more to the asset class over the next 18 months despite most having seen weak returns from their investments, according to a new study.

Nearly two-thirds of investors plan to accelerate new commitments to private equity funds over the remainder of 2010 and 2011, private equity firm Coller Capital said in its Global Private Equity Barometer, released on Monday. The plans to increase investments come in spite of falling returns. Some 51 percent of investors have made lifetime returns of less than 11 percent from private equity and over 20 percent have made less than 5 percent, the study found.

“There is nothing that suggests investors are not very keen on the industry but for individual firms it opens some tough and challenging discussions ahead,” said Coller chief investment officer Jeremy Coller.

As the downturn intensified, the better private equity managers have risen to the top, while those with poor performing companies and without the operational skills to turn them around have struggled.

One-third of investors said most firms do not have the requisite operational skills, while the remainder said the majority of firms have the talents, the study found.

Two in five North American private equity investors expect to reduce the number of firms they invest in over the next two years as they focus on the top performers. About a fifth of European and Asia-Pacific investors plan to cut the number of funds in which they invest. (Reporting by Simon Meads; editing Karen Foster)

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