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This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research

... But what about institutional investors? Should they be concerned with real or nominal rates of return? Institutional investors are financial intermediaries between the nonfinancial business sector and the household sector of the economy. Their ultimate survival and success depend on providing househ ...
Company OJSC Transcontainer TIDM TRCN Headline Publication
Company OJSC Transcontainer TIDM TRCN Headline Publication

... Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "relevant persons"). Any investment or ...
Borrowing costs
Borrowing costs

... Amortisation of additional costs incurred in connection with the arrangement of borrowings. For example, legal fees. Finance charges in respect of finance leases. Exchange rate differences that arise from borrowings denoted in foreign currency, when such adjustments are significant enough to be cons ...
PDF - Marquette Associates
PDF - Marquette Associates

... On September 14, the Federal Reserve announced that it would begin another round of quantitative easing by purchasing $40 billion dollars of mortgaged backed securities (MBS) a month. The plan, referred to as QE3 by analysts, is intended to boost a U.S. economy suffering from high unemployment. Inve ...
Summary Prospectus
Summary Prospectus

... a single day will be the result of each day’s returns compounded over the period, which is likely to be either better or worse than the Index performance times the stated multiple in the Fund’s investment objective, before accounting for fees and fund expenses. Compounding affects all investments, b ...
Investor Compensation Fund Information
Investor Compensation Fund Information

... Options, futures, swaps, forward rate agreements and any other derivative contracts relating to climatic variables, freight rates, emission allowances or inflation rates or other official economic statistics that must be settled in cash or may be settled in cash at the option of one of the parties ( ...
ACC/400 - JustAnswer
ACC/400 - JustAnswer

... Internal control is the whole set of procedures and controls taken by a firm to safeguard its assets and help achieve the corporate objectives. The major objectives, of internal control, is: 1. to safeguard property 2. ensure that the firm is achieving its stated goals. 3. ensure that staff are work ...
Wall Street Likes its Women: An Examination of Women in the Top
Wall Street Likes its Women: An Examination of Women in the Top

... examines the effect that having women in the top management team has on a firm’s longer-term performance. By studying a sample of initial public offering (IPO) firms, I explore the impact that the presence of women has on initial stock performance and longer-term firm performance. The impact on init ...
Cross-sectional volatility and return dispersion
Cross-sectional volatility and return dispersion

... portfolio managers held securities that were in the benchmark in whatever weights they chose, clearly the returns of all active portfolios and the benchmark would be identical. This example is quite unrealistic, of course, but it illustrates how the active risks in portfolios are functions of both t ...
CIBC Q2 Investor Presentation
CIBC Q2 Investor Presentation

... control matters – Critical accounting policies and estimates”, and “Accounting and control matters – Regulatory developments” sections of this report and other statements about our operations, business lines, financial condition, risk management, priorities, targets, ongoing objectives, strategies, ...
View/Open
View/Open

... credit is critical, due to the absence of futures markets and poor access to long term financing. The evolution of the credit amounts destined for the private sector would be a good indicator of the restrictions operating in the domestic financing of investment. On the other hand, the external debt ...
Information regarding characteristics and risks associated with
Information regarding characteristics and risks associated with

... shares, whether these are in the same sector, listed on the same or on another market venue, within the same country or abroad. Market participants have varying demand for shares and differing opinions of how a share’s price should be moving. These differences, which also include differences of opin ...
Impact Investing: Trading Up, Not Trading Off
Impact Investing: Trading Up, Not Trading Off

... controlled approximately $10 trillion in equities, corporate bonds, and treasury securities in the United States, a figure that dwarfs the impact-oriented investment clout from private sources such as single individuals and family offices.6 Public and private pension funds and other large financial ...
Slide 1
Slide 1

... Paradoxically, however, output rebound does not require domestic or external credit. The main conjecture is that firms’ working capital is rebuilt by: – lower investment (possibly sacrificing technical progress), – lower real wages, – inter-enterprise arrears – paying lower taxes, etc. ...
Housing Finance in Emerging Markets: Policy and
Housing Finance in Emerging Markets: Policy and

... Risks in Origination Process Credit Risk: Non-verification of borrower ability and willingness to pay can contribute to higher default rates Fraud: Misleading or inaccurate information provided by appraiser, guarantor, credit information provider Agency Risk: Third party does not follow guidelines ...
the full report
the full report

... be augmented to align with the SDGs. In middle-income countries, a re-orientation of private finance might be more important. In many countries, getting enough sustainable finance will require overcoming persistent skepticism that private finance will flow in sufficient quantity and with a sufficien ...
press release
press release

...  Portfolio Size: As of the end of Q2 2009, the estimated fair value of the investment portfolio totaled $565.0 million, with look-through exposure to over $17.0 billion of leveraged loans. No new collateralized loan obligation (“CLO”) investments were made during the quarter.  Portfolio Compositio ...
The strategy of ANO "The Agency of Investment Development of the
The strategy of ANO "The Agency of Investment Development of the

... Republic of Mari El forms a list of investment projects to attract investments of potential investors. This list will be presented for review by international and russian investment companies and credit organizations, also meetings of potential investors and project initiators will be organized. Wit ...
Lazard Emerging Markets Debt
Lazard Emerging Markets Debt

... performer, which rose 1.5% on an improved economic outlook, including first quarter growth that surprised on the upside and inflation that is falling rapidly. Other outperformers include El Salvador, which gained after the government reached an agreement with the opposition to fund pension obligatio ...
CORPORATE FINANCE (5122) – DIEM
CORPORATE FINANCE (5122) – DIEM

... c. Investment in the stock market. The expected rate of return is 12%. d. Investment in local real estate, which Norman judges is about as risky as the stock market. The opportunity at hand would cost $1 million and is forecasted to be worth $1.1 million after one year. Which of these investments ha ...
{Breakthrough by Quality Organizations}
{Breakthrough by Quality Organizations}

... individuals in its years of operation. Perhaps CQM's most lasting contributions were its extensive research and publication activities which survive the organization.12 A key breakthrough from the CQM was moving from companies competing to companies collaborating and using that collaboration to deve ...
An optimal lump sum conversion strategy
An optimal lump sum conversion strategy

... Main features of the optimal strategy Beneficial features of the ORIS strategy are: Efficiency (value for money) ORIS furnishes the highest expected return for each given level of risk (portfolio volatility). Thus ORIS is ‘efficient’ in the classic sense of Modern Portfolio Theory and cannot be impr ...
Ekonomicke rozhlady II_jun 2015_166x240.indd
Ekonomicke rozhlady II_jun 2015_166x240.indd

FRBSF  L CONOMIC
FRBSF L CONOMIC

... between the house price-to-rent ratio and future real rent growth is either statistically insignificant or has the opposite sign of that predicted by the theory (Engsted and Pedersen 2012). Indeed, in the most recent U.S. housing boom, the high house price-to-rent ratio observed during the boom did ...
capital investment
capital investment

... principal back (not until almost the end of the 2nd year since more of the cash flow is rate of return rather than return of principal) and you must now earn a 47.16% rate of return on the surplus funds to cover the cost of $7,200 at the end of the project life. (Check out the NPV of this project at ...
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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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