Tuesday 12 June 2012

Value of glittering trophies measured by tangible returns - The National

Arabian Gulf investors have always been keen on what the financial professionals describe as "trophy assets", but with mixed results.

By definition, a trophy is something you try hard to win, then lock away in a cabinet for years, perhaps taking it out now and again to polish it down and examine with pride.

A trophy asset is a bit like that, although it comes with the proviso that because it was bought for good hard cash, it will at some stage have to justify its place in the cabinet by making some kind of financial return for its owners.

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