IMPORTANT DISCLOSURES (DISCLAIMER)

Transcripción

1 IMPORTANT DISCLOSURES (DISCLAIMER) CONSULTIVA Internacional Inc. ( CONSULTIVA ) is a Registered Investment Adviser. The registration with the Securities and Exchange Commission does not imply a certain level of skill or training. CONSULTIVA has compiled the information for this report from sources CONSULTIVA believes to be reliable. Sources include: investment manager(s); mutual fund(s); exchange traded fund(s); third party data vendors and other outside sources. CONSULTIVA assumes no responsibility for the accuracy, reliability, completeness or timeliness of the information provided, or methodologies employed, by any information providers external to CONSULTIVA. There also can be no guarantee that using this information will lead to any particular result. The above Conclusion reflects the judgment of the CONSULTIVA Investment Strategy Committee at this time and is subject to change without prior notice. Past performance results are not necessarily indicative of future performance. Diversification does not guarantee a profit or protection against loss. This document is for informational purposes only and is not intended to be an offer, solicitation, or recommendation with respect to the purchase or sale of any financial investment/security, a recommendation of the services supplied by any money management organization, an investment advice or legal opinion. Investment advice can be provided only after the delivery of CONSULTIVA s Brochure and Brochure Supplement (Form ADV Part 2A and 2B) once a properly executed investment advisory agreement has been entered into by the client and CONSULTIVA. There are risks involved with investing including the possible loss of principal. All investments are subject to risk. Investors should make investment decisions based on their specific investment objectives, circumstances and risk tolerance. Global and international investments may carry additional risks that are generally not associated with U.S. investments, such as currency fluctuations, political instability, economic conditions and varying accounting standards. Annual, cumulative, and annualized total returns are calculated assuming reinvestment of dividends and income plus capital appreciation. This is not a solicitation to become a client ofconsultiva. Credit-related analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact or recommendations to purchase, hold, or sell any securities or to make any investment decisions. CONSULTIVA assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment and other business decisions. CONSULTIVA s opinions and analyses do not address the suitability of any security. While CONSULTIVA has obtained information from sources it believes to be reliable, CONSULTIVA does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives. Any reproduction, transmission or use of this document through whatever means without prior authorization by CONSULTIVA is strictly prohibited. 1

2 Crecimiento Económico a través del Desarrollo Empresarial y la Inversión de Capital Privado Moderador Ernesto Villarini Baquero, MBA, Director Gerencial, Consultiva Internacional Panelistas Dr. Manuel Lobato, Universidad de Puerto Rico, Rio Piedras Sra. Lucy Crespo, Fideicomiso de Ciencias, Tecnología e Investigación de Puerto Rico Sra. Laura Cantero, Grupo Guayacán Sr. James Connor, Acrecent Capital Sr. Cyril Meduña, Advent-Morro Equity Partners / Morro Ventures

3 Sin desarrollo económico no hay recuperación. La economía de Puerto Rico ha sufrido sucesivamente de cambios estructurales, de recesión, de crisis financiera y de azotes climáticos. En estas circunstancias, no basta con volver a una antigua normalidad sino que es necesario que comience a tomar forma pronto un desarrollo económico robusto y un crecimiento real sostenible. Pero cómo se logran esos objetivos? Dr. Arturo Estrella Tribuna invitada, El Nuevo Día 22 de febrero de 2018

4 Pregunta 1 Desarrollo Económico Local Tiene Puerto Rico las condiciones necesarias para generar desarrollo económico a través del crecimiento empresarial local y la inversión de capital privado?

5

6 Fuente: NSF / NVCA

7 Fuente: NSF / NVCA

8

9

10

11 Fuente: Acrecent Capital

12 Pregunta 2 Iniciativas, Proyectos, Programas y Empresas De que forma el trabajo de la organización o empresa que representas aporta al desarrollo empresarial local y a la inversión de capital desde el sector privado? Cuáles han sido los resultados?

13 Universidad de Puerto Rico

14

15

16 Fuente: Acrecent Capital

17 Usted, Señor Gobernador, debe solicitar urgentemente firmes compromisos cuantitativos, individuales y colectivos, de las empresas más importantes que operan en Puerto Rico, para que inicien inmediatamente nuevos proyectos de inversión en la isla. - James Tobin Uno de los aspectos menos satisfactorios del proceso de crecimiento puertorriqueño hasta la fecha es el papel relativamente pequeño desempeñado por el empresario puertorriqueño. - Miguel Echenique Dr. Arturo Estrella Tribuna invitada, El Nuevo Día 22 de febrero de 2018

18 Crecimiento Económico a través del Desarrollo Empresarial y la Inversión de Capital Privado Moderador Ernesto Villarini Baquero, MBA, Director Gerencial, Consultiva Internacional Panelistas Dr. Manuel Lobato, Universidad de Puerto Rico, Rio Piedras Sra. Lucy Crespo, Fideicomiso de Ciencias, Tecnología e Investigación de Puerto Rico Sra. Laura Cantero, Grupo Guayacán Sr. James Connor, Acrecent Capital Sr. Cyril Meduña, Advent-Morro Equity Partners / Morro Ventures