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August 04, 2005 - Image 55

Resource type:
Text
Publication:
The Detroit Jewish News, 2005-08-04

Disclaimer: Computer generated plain text may have errors. Read more about this.

STARTING A COMPANY

Then he learned about QFII, the
Qualified Foreign Institutional
Investor program, a new Chinese ini-
tiative that allows a limited number of
non-Chinese nationals to invest in
companies traded in Chinese rather
than Western currency.
Boesky, Tang and Lewis Wan, who'd
been Tang's boss at Pricewaterhouse-
Coopers, jumped at the opportunity.
Boesky settled in Hong Kong for
access to legal and technical support
he needed for his company, but soon
discovered the city includes a Jewish
community numbering about 600, with
a Jewish center and two synagogues.
When meeting with government
officials or touring businesses through-
out China, Boesky usually finds a way
to bring up his Jewish heritage.
"When I tell them that I am you tai
ren (Jewish) it clicks for them," he says.
"They've always heard about these
Jews throughout China during World
War II and before, and their main
impression is that we are smart — not in
a good way, not in a bad way. Just smart.
"So they look at this young man

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who, in most cases, they like, they
shake my hand and say Hen c/urn ming
(very smart). This exact same thing
happened to me four times."
If it hadn't been for family and
friends — mostly Jewish — back in
Metro Detroit, the Marco Polo Fund
never would have gotten off the ground,
Boesky says.
"We don't recommend any funds
we don't personally invest in our-
selves," says friend Norm Pappas of
Bloomfield Hills, principal of the
Farmington Hills investment firm
Pappas Financial.
Boesky may be young, Pappas says,
but "in terms of the investment world
and the hedge fund world, it's a young
endeavor.
"Aaron has spent the past few years
doing exhaustive research in China.
He's put together a very good team.
They come to this from an auditor's
perspective."
This opportunity is not for every-
body, Pappas says. "But, for the right
people, it's a very unique opportunity,
like being able to invest in the United
States in the early 1900s."

legatp Yelaattrp

ESTATE & ANTIQUE JEWELRY

32800 Franklin Rd.
Downtown Franklin

Wed - Sat 11 am - 5pm

'"; ti

ww.legacyestatejewelry.com

248.626.1885



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PRICES • CERTIFIED WITH G.I.A. PAPERS

and reason this person is interesting (along with
your own name and phone number) to Lynne
Konstantin at lkonstantin@thejewishnews.com .

Please, no phone calls.

Clarification

Several items pictured in "All For Alexa," (page
24, July Platinum) were purchased from
Arthouse Studios, located at 28851 Orchard
Lake Road in Farmington Hills.
The personalized gift gallery, specializing in
baby and children's items, is owned by artists
Terri Steam of Beverly Hills and her father-in-
law, Ron Steam of Farmington Hills. The store
carries items including rockers, stools and toy
chests; blankets, sweaters, bibs and towels;
large-sized doll furniture, rocking horses, pic-
ture frames, banks and wall hangings. Gifts for
adults, including ceramic mail holders and
embroidered golf towels, also are available.
All items can be personalized with specially
requested designs and names, including those
created to match a specific theme or pattern.
Wooden and plastic items are handpainted by
Terri and Ron. Fabric and knit items, as well as
specialty stationery, also may be ordered
through the store.
Contact Arthouse Studios by calling (248)
324-1111 or access the Web site ac
arthousestudios.com .



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