Blue Mahoe Capital Partners Inc. is the Jamaican-founded private investment firm creating opportunities within the Caribbean for American investors who are anxious to get in on the action of the world’s best-performing stock exchangeVANCOUVER, … Blue Mahoe Capital
Blue Mahoe Capital Partners Inc. is the Jamaican-founded private investment firm creating opportunities within the Caribbean for American investors who are anxious to get in on the action of the world’s best-performing stock exchange
VANCOUVER, BC / ACCESSWIRE / February 11, 2021 / James Bond famously burst onto the silver screen in 1962 as he embarked on an exhilarating adventure throughout Jamaica, sharing with viewers the world-renowned home of Bob Marley, Reggae music, and jerk chicken. As of late, the country is proving to offer more than cinematic entertainment and iconic artists. It has recently become known for its exemplary stock exchange, and investors are taking note. Yet, unlike the fictitious crusade of 007, investors are not looking for specters of the Cold War, but rather searching for diamonds that will last forever.
With Caribbean countries boasting emerging economies that have created wealth for a small set of investors, the promise of future returns is imminent. Yet investors are faced with the challenge of uncovering where to put their money when working with an unfamiliar market.
David Mullings is the man easing investor uncertainty.
As the founder, CEO, and Chairman of Blue Mahoe Capital, not only is Mullings taking advantage of investment opportunities within the Caribbean, he is also educating Americans on how they can get in on the action.
With Jamaica’s Stock Exchange being celebrated by Bloomberg as the world’s best-performing stock exchange in 2018 and the best performing stock exchange over the 5-year period from 2013 to 2018, besting Vietnam and the USA, investors are actively seeking a guide to help them navigate these lucrative waters.
Blue Mahoe Capital – the conception
Born to the expansive beaches of Jamaica where Ian Flemming wrote all his Bond books, David Mullings discovered his calling in life at the age of 15 when he graduated from high school. He knew that his purpose was to become a positive role model for the youth of not only Jamaica but of the world.
Based on this realization, Mullings put together a 15-year life plan marked by 5-year milestones, followed by a 20-year plan to be created at age 30. The plan was designed to shape him into the man he wanted to look up to, and in doing so, become that man for others.
Fast forward to today, and not only has Mullings succeeded in fulfilling his 15-year road-map, but at age 40, he is halfway through the second plan focused on reshaping the future of the Caribbean and its people forever.
The idea to launch a private investment firm is one that began in 2014 when Mullings was asked by Marlene Street Forrest, the Managing Director of the Jamaica Stock Exchange, to speak at their January conference. Her ask was simple: explain what it would take to get Overseas Jamaican investors, the “Jamaican Diaspora”, to invest their money back into Jamaica.
With roughly 3 million Jamaicans living overseas in the US, Canada, the UK, and beyond, and only some 2.7 million Jamaicans living in Jamaica, much of the country’s economy is being invested in foreign markets. Though there is an estimated $2 billion USD being sent back each year by Jamaican Diaspora, these remittances do not act the same as direct investments. This was an issue the Caribbean country knew needed to be changed.
At the time, Mullings was serving as the first Future Leaders Representative for the USA on the Jamaica Diaspora Advisory Board. Comprised of elected volunteers, the board advised the Minister of Foreign Affairs and Foreign Trade of Jamaica at semi-annual meetings with the Prime Minister of Jamaica. Given his experience on the current matter, Mullings believed he had a clear solution to share.
“If you do business in Jamaica then you know how hard it is to open a bank account, let alone an investment account. If you live outside of Jamaica, it’s EVEN MORE frustrating because you are used to things being much smoother and working much faster,” explained Mullings, referencing the number one roadblock overseas investors hit when looking to invest their money into public and private Jamaican companies.
Mullings knew that in order to attract financial interest, the process of investing had to be simplified,…