It appears that due to the popularity of Israelnewsletter.com( or maybe not), and the fact that the investing public wants to get more news on the Israeli capital markets, it’s rumored that financial media powerhouse Bloomberg, is planning to open up an office in Israel’s capital city, Jerusalem. According to a report in Globes, “that financial wires services company Bloomberg LP will open its first office in Israel on September 10, and has rented space in Jerusalem’s Malcha Technology Park.” The article continues, “It seems that Bloomberg understands that the Israeli capital market is important enough to open an office here, and that’s a good thing.”

Along with all the innovation coming out of Israel, and all the foreign investment pouring in, this is another step for Israel becoming a financial center.

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Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

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An interview with Abba Horwitz of Old School Partners was featured as part of our new subscription newsletter, Israel Opportunity Investor. You can find out more about the company and the opportunities we cover at www.israelnewsletter.com

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Tell us a little about yourself and your fund.
Abba Horwitz, Portfolio Manager: We started started Old School Partners in March of 1999.  Since then, we’ve compounded a net return to investors of around 19%.  We’re running the fund for the most part from Israel.  With a junior partner, I’m managing roughly $60 million.

What’s your philosophy?
AH: We focus primarily on the small to midcap world.  We apply a value approach.  Basically, we’re looking for two things.  We’re looking for value where there is a clear catalyst to unlock this value or cheap growth with value undiscovered, on the cusp of coming out.  Unfortunately, I’m not a big commodity buff and have not been riding this current wave.

Can you give us a couple of examples of some successes you’ve had? (Continue »)

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Aaron Katsman
IsraelNewsletter.com

The amazing 80’s group ABC once asked a question about financial planning. They asked, “Tell me! tell me! How to be a millionaire?” According to fresh data, the answer may just be to come live in Israel. There used to be a not so funny joke that went like this. ” How do you become a millionaire living in Israel? You come to Israel with $2 million!” Hah Hah! I told you it’s not such a funny joke.

According to the 12th annual World Wealth Report issued by Merrill Lynch and Capgemini, ” the number of the country’s millionaires grew by 13.6 percent in 2007, more than double the global millionaires’ growth rate of 6%, to a total of 8,200.”

That’s a pretty impressive growth rate, and the fact that it’s double the global growth rate speaks volumes as to the Israeli economic revival that has taken place over the last 5-6 years. The opportunities to  create wealth in Israel abound, whether in hi-tech, real estate or even in industry (Click here to see a great video on Investing in Israel) . And those opportunities are not lost on foreign investors. It would be an interesting to see how many foreigners have become millionaires or multi-millionaires by investing in Israel.  With the amount of foreign investment that has been flowing into Israel,  I suspect that that number must be pretty high as well.

If you are an investor and looking at new frontiers to invest, you need to take a serious look at investing in the holy land. If you are thinking about moving to Israel with an organization like Nefesh B’Nefesh, you should feel confident that there are plenty of economic opportunities, and that the old joke about coming with $2 million no longer applies.

Disclosure: Author’s fund has no position in any stock mentioned as of 6/26/08.

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NEW! Introducing Israel Opportunity Investor, our monthly subscription-only newsletter. Stay ahead of the game and make smart decisions in Israel stocks. Go here to learn more.

Aaron Katsman is Managing Editor of the Israel Opportunity Investor newsletter. He is lead portfolio manager for the Israel Growth Portfolio and Managing Director of America Israel Investment Associates, LLC. For more information, go to www.israelnewsletter.com or call 1-888-327-6179, or email aaron@profile-financial.com.

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Aaron Katsman
IsraelNewsletter.com

A few weeks ago, Zack Miller and myself were interviewed by CNBC’s Squawk Box. The purpose of the interview was to discuss Israel’s accomplishments over the past 60 years. During the interview, we focused on Israeli companies that are publicly traded in the United States, as well as up-and-coming technologies that could potentially make a global impact over the next two to four years.

Investment Destination
Over the last four years, Israel has become a very popular destination for foreign investors. Global giants like General Electric, Microsoft, IBM and Johnson and Johnson are only a few of the companies that have made large investments in Israel by buying local companies. In fact, Warren Buffet, perhaps the world’s most famous and successful investor, made his largest non-U.S. investment when he purchased Iscar, an Israeli company, for $4.4 billion. Buffett has since referred to the purchase as a “dream investment.” (Continue »)

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