Posted on 12/29/2008 11:28:04 AM PST by lainie
Icelandic singer partners with financial services firm to launch sustainable investment fund.
The quirky singer and actress Bjork is hunting for investors to inject capital into her economically troubled country, whose financial system collapsed in October.
Nominated for 13 Grammy awards, an Oscar and two Golden Globe awards, she has become a venture capitalist, teaming up with Reykjavik-based Audur Capital to raise money to invest in sustainable businesses in Iceland.
Fundraising won't commence until January, but Bjork's involvement in the project has triggered such interest that the fund, which carries the 43-year-old singer's name, is expected to raise as much as 2.0 billion Icelandic kroner ($16.5 million) by the end of March, after an initial investment from Audur and Bjork of 100 million Icelandic kroner, Audur's chief executive, Kristin Petursdottir, told Forbes.com.
"We believe there are some interesting investment opportunities related to our nature and green energy. We need to pursue these investments even in the current crisis because that's really our future and we need to do things differently than how we have done in the past," Petursdottir said. "We want economic return but in a sustainable matter."
(Excerpt) Read more at forbes.com ...
Nice looking.....bear...............
She is a beautiful creature.
Where’s the money coming from? Based on the Wall St. Journal, the country’s bankrupt.
Uh, sure, fork over lots of your money to a quirky singer for “green” investments..... this sounds like a winner.
Maybe she should just name it the “Bernie Madoff Memorial Venture Fund”
How well does global-warming sell in Iceland?
Wheres the money coming from? Based on the Wall St. Journal, the countrys bankrupt.
Lots of guys want to bjork Bjork.
Im not sure if its connected, but in the span of 4 days, Bjork has reportedly broken up with her partner of 7 years and started an Icelandic venture capital fund.
On Monday, Gawker posted a screenshot from film director and artist Matthew Barneys Facebook page indicating he was no longer in a relationship. The pair have a daughter, Isadora, 6, and made the avant garde film Drawing Restraint 9 in 2005.
Today Icelandic Review Online reports Bjork has partnered with Audur Capital to form a joint venture fund called, BJORK. Speaking at a presentation for the initiative, Bjork spoke about her strong support for Icelandic seed companies: "It was often necessary but now its of vital importance. I hope that both seed companies and people with money will take an interest in this initiative," she said, adding that she "is pleased about the funds focus on environmentally-friendly operations."
The Bjork/Barney breakup has yet to be confirmed, but it looks like she dropped the dead weight and is ready to take over the world, Bono-style.
(uh..yeah.)
Yeah, quirky, that's it.....
Calling her quirky is like calling the sun "warm"...
Dear Iceland, you gave us Bjork. We’ll give you a bailout equivalent to her talents. Got change for a fiver?
At least she’s attempting to do something about Iceland’s financial plight. I’ll give her props for that.
what no dead swan costume?
She’s a total nuthead. Her music is for the pretentious who don’t want to admit they like the stuff other people do.
“Based on the Wall St. Journal, the countrys bankrupt.”
In real terms they have about a 21% income tax with a value added tax of almost 25%. No wonder they are bankrupt.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.