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Strategies to Control Defined Contribution Plan Fees
Strategies to Control Defined Contribution Plan Fees

... A wrap fee is a separate asset-based fee that can be applied to the funds within a plan. Wrap fees are an “addon” basis point fee, rather than built-in expense ratio like a revenue sharing arrangement. For example, a plan can use all collective trusts or zero revenue share mutual funds, neither of w ...
“Accounting Dictionary”
“Accounting Dictionary”

... PAYOUT RATIO is dividends paid divided by company earnings over some period of time, expressed as a percentage. PAYROLL, dependent upon usage, can mean a. the total amount of money paid in wages; b. a list of employees and their salaries; or, c. the department that determines the amounts of wage or ...
Ralph C. Bryant* CRR WP 2007-8 Released: April 2007
Ralph C. Bryant* CRR WP 2007-8 Released: April 2007

... equal for the closed system as a whole. Suppose that the economic system is highly integrated in the sense that market imperfections (such as asymmetries in the distribution of information and in access to financial institutions) do not exist; that transaction, communication and transportation costs ...
The Governance and Financial management of Endowed Charitable
The Governance and Financial management of Endowed Charitable

... consult with relevant advisers regarding any potential decision regarding their investments or philanthropy. The material in this document is for information only. The material contained in this document is based upon information that the author considers to be reliable, but the author does not repr ...
united states securities and exchange commission - corporate
united states securities and exchange commission - corporate

... $310 million over a five-year period; however, during the third quarter of fiscal 2007, PG&E announced its plans to request proposals from a small group of vendors in order to evaluate such vendors’ ability to address potential future functionality requirements for the electric portion of its servic ...
Challenges in advanced management accounting
Challenges in advanced management accounting

... with each other again. A one-off purchase from a mobile snack bar at the annual fun fair could be an example. The two parties do not need to trust each other as they immediately see what each side is getting in the exchange, and after all if they have never met before and are not likely to do so aga ...
Impairment Measurement of the impairment loss: Debt
Impairment Measurement of the impairment loss: Debt

... • Subsequent measurement: – At FVTPL except: – Equity instrument that is not publicly traded and cannot get FV reliably, then measure at cost less impairment – Also measure a contract linked to such equity instrument at cost less impairment – If previously at FVTPL, but now a reliable FV measure is ...
Managerial risk preference and its influencing factors: analysis of
Managerial risk preference and its influencing factors: analysis of



... poverty it will have to sustain average growth rates of about 7 per cent and above in the medium to long term, and this will require investment rates of 25 per cent of gross domestic product (GDP) and above (Clarke, 2013; ECA, 1999). Over the past two decades the average investment rate in Africa ha ...
Financial Institutions Instruments and Markets, 5th Edition
Financial Institutions Instruments and Markets, 5th Edition

... 16. Financial institutions whose liabilities specify that, in return for the payment of periodic funds to the institution, the institution will make payments in the future (if and when a specified event occurs) are: A. money market corporations. B. unit trusts. C. contractual savings institutions. ...
Looking Ahead: Capital Shortages, Tax Policy, and Economic
Looking Ahead: Capital Shortages, Tax Policy, and Economic

... new, long-term threat to the economic health and stability of the United States. The possibility looms that the United States economy will be unable to provide for new investment required by private businesses during the next decade.' Increased dependence of American corporations on debt financing a ...
2015 Year-End Dermatology Update
2015 Year-End Dermatology Update

... equity groups have typically gone below their typical investment size, aggregated several practices into one unified platform, or approached other private equity-backed practices for an acquisition. This strong demand has generated premium valuations for practices. Looking into 2016, Provident expec ...
FINAL RISK MANAGEMENT FRAMEWORK
FINAL RISK MANAGEMENT FRAMEWORK

... This Risk Management Framework (RMF) provides a generic guide for the implementation of risk management strategies in the public service, and suggests that risk management is a formal step-by-step process that can be applied at all levels of a Municipality. These principles need to be implemented wi ...
Financial Investments, Information Flows, and Caste Affiliation
Financial Investments, Information Flows, and Caste Affiliation

... Emerging economies are characterized by a limited participation of private households in financial markets (Honohan, 2008). On the one hand this might be explained by the relatively large fixed transaction costs associated with financial market participation (Cole et al., 2009). Especially poor indi ...
Uncertainty in Executive Compensation and Capital Investment: A Panel Study
Uncertainty in Executive Compensation and Capital Investment: A Panel Study

... We develop two competing hypotheses regarding the impact of compensation structure on capital investment. The Over-Investment Hypothesis--many papers argue that managers may over invest in capital projects. Stulz (1990) explains that managers want to maximize investment (even in negative NPV project ...
Stock Market Liquidity and the Cost of Issuing Equity
Stock Market Liquidity and the Cost of Issuing Equity

... banking fees (i.e., the gross spread or gross fees) in SEOs. We show that there is a surprisingly large and robust inverse relationship between the total fees paid to investment banks and the stock market liquidity of the issuing firm. Our finding is robust to each of the seven measures of liquidity ...
Exit Strategies: Know Your Options
Exit Strategies: Know Your Options

... When captive owners and their advisers are analysing any form of exit strategy, it can be easy to focus solely on pricing for whether the transaction makes commercial sense. However, it is important to consider a number of additional benefits. • Reduced volatility and increased certainty – long-tail ...
FORM 10-K - corporate
FORM 10-K - corporate

... 2011. When used in this Annual Report on Form 10-K, the terms “we,” “us,” “our” or similar terms refer to the Company and its consolidated subsidiaries. In addition, the term “portfolio companies” refers to companies in which we have invested, either directly or indirectly through our total return s ...
Volatility: Implications for Value and Glamour Stocks
Volatility: Implications for Value and Glamour Stocks

Research on SOGO SHOSHA: Origins, Establishment, and
Research on SOGO SHOSHA: Origins, Establishment, and

... resources-related investments, partner selection proves to be very important. Furthermore, value chain strategy is gaining prominent ...
The effect of BITs, a two-sided story
The effect of BITs, a two-sided story

... mechanism   of   the   BIT   as   the   main   function   for   increasing   FDIs,   will   the   effect   be   the   same  if  the  host  country  also  is  a  developed  country?  If  this  was  the  case  then  low-­‐risk   countri ...
2Q 2016 Form 10-Q (PDF 540 KB)
2Q 2016 Form 10-Q (PDF 540 KB)

State enterprises exposed to privatisation
State enterprises exposed to privatisation

... or opinions therein. This research is based on current public information that is considered reliable. Investors shouldn’t consider this report as a single factor in making their investment decision. This research is not an offer to sell or the solicitation of an offer to buy. It does not constitute ...
Establishing resolution arrangements for investment banks
Establishing resolution arrangements for investment banks

... The world economy continues to feel the effects of the most severe financial crisis in over 60 years. Over the last two years, governments around the world have taken unprecedented steps to stabilise the financial system, and limit the wider economic fallout from the crisis. There is now a general c ...
NBER WORKING PAPER SERIES Hanno Lustig
NBER WORKING PAPER SERIES Hanno Lustig

... and dividend growth (e.g., Bansal and Yaron (2004) and Hansen, Heaton and Li (2005)). This turns out to be very useful for matching smooth consumption data and volatile returns. However, it is hard to distinguish between i.i.d. consumption growth and a specification that includes a small, predictabl ...
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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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