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Strategy Spotlight: Considerations in volatility
Strategy Spotlight: Considerations in volatility

... Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining ...
Risk Aversion, Entrepreneurial Risk, and Portfolio Selection
Risk Aversion, Entrepreneurial Risk, and Portfolio Selection

... entrepreneurs and non-entrepreneurs across different wealth cohorts and find that when private business equity is excluded from their entire portfolio, entrepreneurs are either more risk averse or exhibit no significant difference in their risk preference relative to other similar wealthy households ...
How suitable is the Fama-French ve-factor model for
How suitable is the Fama-French ve-factor model for

View - PTC Financial Services
View - PTC Financial Services

... Articles of Association of the Company and the Listing Agreements entered into between the Company and the Stock Exchanges, where the shares of the Company are listed and subject to requisite approvals, consents, permissions and/or sanctions if any, of SEBI, the Stock Exchanges and othe ...
Bear Stearns
Bear Stearns

... Political volatility, in addition to the timing of economic recovery, remains a key force on the future of the financial services industry. Questions remain about accounting scandals and corporate fraud, and only time will tell whether enough political measures have been taken to alleviate these con ...
ING Property Trust
ING Property Trust

... with a general shortage of stock and the weight of capital ...
Annual return 2014 - Guidance notes - Forms
Annual return 2014 - Guidance notes - Forms

... This description will appear on the register of charities and will add to the information available to the public, potential donors and beneficiaries and we would strongly encourage you to use this opportunity. The text should supplement the broad classifications you have provided. Please note that ...
corporate board gender diversity and stock performance
corporate board gender diversity and stock performance

... Third, we suggest that accountability apprehension will mediate this process, such that visible blockholding institutional fund managers (who hold at least five percent of the stock of a company) and public pension fund managers (who as a group pressed for board diversity) will be less likely to act ...
the Building Capital Markets progress report
the Building Capital Markets progress report

... and outlines the Government initiatives underway to enable capital markets to become a better engine for growth. For New Zealand businesses to be successful they need to be competitive. And to be competitive, they need access to innovation, capital, skilled workers, resources, supporting public infr ...
RP 2011-45 - Department of Economics and Business Economics
RP 2011-45 - Department of Economics and Business Economics

GrowingSLU Business Plan One sentence project description: 1
GrowingSLU Business Plan One sentence project description: 1

... be directly developed by the company if there is sufficient public or private investment. SLU is expected to benefit financially in the short term through the expected increase in research subcontracts coming from the company which is able to raise research funds through mechanisms not available to ...
Investor Flows and Fragility in Corporate Bond Funds
Investor Flows and Fragility in Corporate Bond Funds

... Fifth, following the model in Chen, Goldstein, and Jiang (2010), we expect that strategic complementarities will be less important in determining fund outflows if the fund ownership is mostly composed of institutional investors. This is because institutional investors are large and so are more like ...
On a long-term chart, trend lines drawn with closing price are more
On a long-term chart, trend lines drawn with closing price are more

... Short/Medium Term Logarithmic trend lines tend to disguise accelerating trends in the short/medium term. We are talking about accelerating trends rather than a steady growth rate. Accelerating trends normally end up in blow-offs (or cathartic sell-offs in a down-trend) followed by a sharp reversal. ...
Number 67
Number 67

... sets of risk-allocation. Value-based generational accounting is used as the framework of the analysis. First, they find that a pension deal is a zero-sum game in value terms; then, by introducing a welfare analysis of pension deals, they show that a pension deal is potentially a positive-sum game in ...
Today’s Highlights – Pavilion REIT (ADD, maintain) Results Note – Unisem (REDUCE, downgrade)
Today’s Highlights – Pavilion REIT (ADD, maintain) Results Note – Unisem (REDUCE, downgrade)

... This report is intended for information purposes only and has been prepared by Affin Hwang Investment Bank Berhad (14389-U) (formerly known as HwangDBS Investment Bank Berhad) (“the Company”) based on sources believed to be reliable. However, such sources have not been independently verified by the ...
SIFMA AMG Submits Comments to the Basel Committee on Banking
SIFMA AMG Submits Comments to the Basel Committee on Banking

... based on its guarantee to the extent needed. Client segregated margin reduces the clearing firm’s exposure in the event of the default of its client, since, as noted, the clearing firm as a matter of practice will not have any payment obligation unless the client defaults and the value of the client ...
News Release - Gryphin Advantage
News Release - Gryphin Advantage

... in both paper and electronic form, as questions may not arise until many years afterwards. Before any electronically stored information is deleted, be sure to consider if there are any retention needs. If so, make a paper copy or otherwise transfer the information for longer term retention (e.g. to ...
Estimating Risk Premiums
Estimating Risk Premiums

... approach this estimation question, let us start with the basic proposition that the risk premium in any equity market can be written as: Equity Risk Premium = Base Premium for Mature Equity Market + Country Premium The country premium could reflect the extra risk in a specific market. This boils do ...
6 - Cengage
6 - Cengage

... 1. The big bath – This form of income manipulation can be thought of as part of income smoothing. What it usually does is effectively accelerate expenses and losses into a single year with already poor results so that future income looks better and smoother. Even though the FASB has issued fairly re ...
management
management

...  Uncertainity-Avoidance dimension : how strong are the regulations eg.: risk or security, hard work, etc.  Individualism-Collectivism dimension : I-We  Masculinity dimension : Feminine : equality Masculine : man dominates ( US-Japan ) ...
Corporate Securities Fraud: An Economic Analysis
Corporate Securities Fraud: An Economic Analysis

... forefront of public attention and policy debate. The magnitude of the alleged securities fraud is stunning. According to Stanford Securities Class Action Clearinghouse and Cornerstone Research, 224 securities lawsuits in 2002 in the United States were associated with a total $206 billion loss of mar ...
2016-2020 Downstream strategy
2016-2020 Downstream strategy

CanWel Building Materials Group Ltd. Consolidated Financial
CanWel Building Materials Group Ltd. Consolidated Financial

... standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and dis ...
Treasury Wine Estates Annual 2016 financial result
Treasury Wine Estates Annual 2016 financial result

... 10 Financial information in this report is based on unaudited financial statements. Non-IFRS measures have not been subject to audit or review. The non-IFRS measures are used internally by management to assess the operational performance of the business and make decisions on the allocation of resour ...
Download Full Article
Download Full Article

... KEYWORDS: credit risk, income diversification, operational efficiency, credit growth, capital adequacy ratio, market structure I. INTRODUCTION The global financial crisis was triggered by hypnotic subprime mortgage crisis in United States at July 2007 with negative impact on financial industry marke ...
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Investment management

Investment management is the professional asset management of various securities (shares, bonds and other securities) and other assets (e.g., real estate) in order to meet specified investment goals for the benefit of the investors. Investors may be institutions (insurance companies, pension funds, corporations, charities, educational establishments etc.) or private investors (both directly via investment contracts and more commonly via collective investment schemes e.g. mutual funds or exchange-traded funds).The term asset management is often used to refer to the investment management of collective investments, while the more generic fund management may refer to all forms of institutional investment as well as investment management for private investors. Investment managers who specialize in advisory or discretionary management on behalf of (normally wealthy) private investors may often refer to their services as money management or portfolio management often within the context of so-called ""private banking"".The provision of investment management services includes elements of financial statement analysis, asset selection, stock selection, plan implementation and ongoing monitoring of investments. Coming under the remit of financial services many of the world's largest companies are at least in part investment managers and employ millions of staff.Fund manager (or investment advisor in the United States) refers to both a firm that provides investment management services and an individual who directs fund management decisions.According to a Boston Consulting Group study, the assets managed professionally for fees reached an all-time high of US$62.4 trillion in 2012, after remaining flat-lined since 2007. Furthermore, these industry assets under management were expected to reach US$70.2 trillion at the end of 2013 as per a Cerulli Associates estimate.The global investment management industry is highly concentrated in nature, in a universe of about 70,000 funds roughly 99.7% of the US fund flows in 2012 went into just 185 funds. Additionally, a majority of fund managers report that more than 50% of their inflows go to just three funds.
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