Word: jamaica
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Dates: during 1970-1979
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...might say too fast-but during 1969 he toppled his own expansion records. He launched two big new international investment companies, the go-go I.O.S. Venture Fund (assets: $170 million) and Investment Properties International, a real estate development concern that is starting a chain of luxury resort hotels in Jamaica, Mexico and Portugal. He spread into Australia, France and Sweden with "national" mutual funds -funds that invest some or all of their assets in local projects in order to overcome government reluctance to let their citizens send money abroad. Last week, in another precedent-breaking move, I.O.S. began offering...