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Weak-form Market Efficiency of Shanghai Stock Exchange: An
Weak-form Market Efficiency of Shanghai Stock Exchange: An

... stock markets has received more attention. Harvey (1995) concludes that developed markets are more efficient than emerging markets and investors’ portfolios can obtain higher returns and lower risks in emerging markets. It is crucial for an investor to identify whether the market is efficient or not ...
Untitled
Untitled

... convince investors to bet on Europe’s future. Long-term visions for more Europe do not address any of the immediate challenges and national shortcomings; also they might look so distant from current woes that they run the risk of being seen by citizens as irrelevant at best. So action is needed on a ...
Semi-Annual Report
Semi-Annual Report

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Structural and Cognitive Antecedents to Middle

... organizations is what gives them political and institutional legitimacy. While there may be some unique organizational adaptation that takes place, they are constrained by broadly accepted norms, traditions, and expectations that are placed on all ‘legitimate’ firms. From this perspective, firms tha ...
GAAP - Office of Superintendent of Public Instruction
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... Major and Non-major Funds The district considers all governmental funds “major funds”. C. Measurement Focus, Basis of Accounting The districtwide financial statements measure and report all assets (both financial and capital), liabilities, revenues, expenses, gains, and losses using the economic res ...
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... the insurers on top of the very high interest rates. Then in 1983 when US interest rates started falling there were capital gains on the bonds too. This combination of high interest rates, exchange gains and market appreciation attracted more Yen funds further strengthening the dollar and lowering r ...
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Institutional non-bank lending and the role of Debt Funds

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... the  risk  free  rate  to  invest  in  equities.  A  key  source  of  information  about  equities   is  earnings  reports  from  companies.  In  the  last  two  decades,  companies  have   used  both  accounting  discretion  and  opera ...
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Client focused Outcome orientated

... have had the Leave vote. The ability of the business to defend, and even grow, client assets during this period vindicates our business model and underlines its defensive nature. As Mike highlights in his report, Fiduciary Management and Derivatives posted strong investment performance and rebalance ...
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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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