Pabrai to speak at ’15 Puerto Rico Investment Summit

Written by  //  January 29, 2015  //  In-Brief  //  No comments

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Monish Pabrai (Credit: Forbes)

Mohnish Pabrai (Credit: Forbes)

Renowned Investor and Principal Managing Partner of Pabrai Investment Funds, Mohnish Pabrai, will act as speaker at the 2015 Puerto Rico Investment Summit, organizers announced Wednesday.

The event expects to gather more than 300 international investors, who will meet Feb. 26-27 at the Puerto Rico Convention Center and Condado Vanderbilt Hotel to learn of the investment opportunities, tax incentives, and competitive advantages the island offers.

Pabrai is an Indian-American entrepreneur, investor and philanthropist with one of the best track records in asset management over the past 15 years. His hedge fund, Pabrai Investments, was founded in 1999 with $1 million in assets under management and presently manages $700 million in the United States, India, China and South Korea.

The entrepreneur is aiming at Puerto Rico as a window into new investments, organizers said.

“Mohnish Pabrai is one of the most successful investors at this time, with a sharp vision for growth potential. We are honored to have him join our panel of speakers at the Puerto Rico Investment Summit. His story is valuable to Puerto Rico, more so since Pabrai is now closer to us having learned of the opportunities the Island represents for investors through acts 20 and 22,” said Brenda González, president of Adworks Corp., the local agency that produces the event.

The 2-day program will present Acts 20 and 22 on tax incentives, new private equity laws and investment vehicles, other incentives and competitive advantages, and insights on living in Puerto Rico. Among the benefits these laws provide is a 4 percent corporate tax exemption for businesses in Puerto Rico exporting services and 100 percent tax exemption on interest, dividends and capital gains, respectively.

The Puerto Rico Investment Summit is a private event for foreign investors.

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