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Nordea Annual Report 2016
Nordea Annual Report 2016

... such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Accordingly, results could differ materially from those set out in the forward-looking statements as a result of various factors. Important factors that may cause such a ...
Pillar 3 Risk and Capital Management Report 2016
Pillar 3 Risk and Capital Management Report 2016

... calculation of the groups capital adequacy ratio (CAR) through the application of the threshold deduction method, detail of which can be found on the next page. Implementation of the SAM regime is only expected during the second half of 2017. The insurance businesses are on track with their SAM impl ...
John Maynard Keynes - Centro de Pesquisa e Economia do Seguro
John Maynard Keynes - Centro de Pesquisa e Economia do Seguro

... The central focus of this book is that Keynes, in seeking a profitable and differentiated performance for the company he managed, adopted a bold and innovative position of financial management. He had deep knowledge of the elements of risk and the actuarial methodologies for the management of the li ...
American International Group, Inc. 2016 Annual Report
American International Group, Inc. 2016 Annual Report

... 8 Premiums and deposits are reconciled on pages 86, 90, and 93 for Individual Retirement, Group Retirement, and Life Insurance, respectively, in the Annual ...
Net Present Value is better than Internal Rate of Return Asma Arshad
Net Present Value is better than Internal Rate of Return Asma Arshad

... Management should accept the project by analyzing the previous and present data of the business. If the company has the good profile then it means company can provide such an impressive IRR. Thus a project should not select on the account of its higher IRR but it should be evaluated with NPV using t ...
NATIONAL WESTMINSTER BANK PLC /ENG/ (Form: 6-K
NATIONAL WESTMINSTER BANK PLC /ENG/ (Form: 6-K

... including internal and external funding arrangements. The changes required may adversely impact the assessment made by credit rating agencies, creditors and other stakeholders of the credit strength of some of the RFB entities (including the Bank) or other RBS Group entities outside the RFB on a sta ...
Prospectus db x-trackers II
Prospectus db x-trackers II

... to or for the account of U.S. persons (as defined for purposes of the United States federal securities, commodities and tax laws, including Regulation S under the 1933 Act) (together "U.S. Persons"). Subsequent transfers of Shares within the United States or to U.S. Persons are prohibited. The Share ...
The Usefulness of Derivative Disclosures by Chinese Listed
The Usefulness of Derivative Disclosures by Chinese Listed

... likely to prefer the use of equity derivative products rather than other types of derivatives. Third, the corporate size seems not to significantly affect the amount of derivative related disclosures by Chinese quoted companies. Fourth, the amount of derivative disclosures about the significance of ...
BASE PROSPECTUS CETELEM ČR, a.s. Five
BASE PROSPECTUS CETELEM ČR, a.s. Five

... operations and its financial position, and comply with the information requirements. The Base Prospectus, its supplements (if any), Issue Supplements, annual reports and copies of the relevant financial statements and audit reports are available for inspection free of charge during regular office ho ...
AVALONBAY COMMUNITIES INC (Form: 10-K
AVALONBAY COMMUNITIES INC (Form: 10-K

... product type, (ii) develop, redevelop and acquire an interest in apartment communities in high barrier to entry markets with growing or high potential for demand and high for-sale housing costs, (iii) selectively sell apartment communities that no longer meet our long-term strategy or when opportuni ...
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(PDF 4.7 MB)

... for safe custody and administration must in any case request the required certification in writing from any of the Bank’s branches during the hours they are open to the public. Alternatively they may go in person to the Members’ Secretariat in Piazza Filippo Meda 4, Milan between 9:00 a.m. and 1:30 ...
Further Evidence on the Relation between Analysts` Forecast
Further Evidence on the Relation between Analysts` Forecast

... pessimists. This suggests a negative relation between dispersion levels and future stock returns when the overpricing is corrected and a positive relation between changes in dispersions and stock returns. In addition, based on tests explaining dispersion with several measures of risk Diether et al. ...
Credit default swaps around the world: Investment and
Credit default swaps around the world: Investment and

... considered more creditor-friendly. For plausible parameter values, we demonstrate that the introduction of CDS increases debt capacity more in regimes with less uncertainty regarding credit events, as well as in environments with lower liquidation cost, weaker contract enforceability and greater con ...
the first six decades - International Finance Corporation
the first six decades - International Finance Corporation

... are constrained. But far larger unconventional ones ...
Statement of Financial Accounting Standards No. 140
Statement of Financial Accounting Standards No. 140

... amortization in proportion to and over the period of estimated net servicing income or loss and (b) assessment for asset impairment or increased obligation based on their fair values. This Statement requires that a liability be derecognized if and only if either (a) the debtor pays the creditor and ...
QIS4 Technical Specifications
QIS4 Technical Specifications

... The technical specifications laid out in this document have been written exclusively for the purposes of the QIS4 exercise. Whilst the results of this exercise will be the main quantitative input used by CEIOPS in the development of their final advice on potential level 2 implementing measures, whic ...
Kapsch TrafficCom always one step ahead AnnuAl
Kapsch TrafficCom always one step ahead AnnuAl

... successful fiscal year 2015/16, and we have achieved a great deal – both short-term with regard to profitability and long-term for our future. We significantly exceeded the goal we set for ourselves for the past year. This demonstrates, that Program 2020 is already having a strong impact. On the mar ...
Why Firms Smooth Dividends: Empirical Evidence - USI
Why Firms Smooth Dividends: Empirical Evidence - USI

Annual Report 2015 : Setting new sights with our - Hydro
Annual Report 2015 : Setting new sights with our - Hydro

... this challenge. To offer quality services, we rely mainly on continuous improvement of our basic service and the development of new offerings. Basic service // We are resolutely committed to improving our basic service. That is why we recently introduced a number of measures to deploy our field crew ...
Progressive Waste Solutions Ltd. (Form: 6-K
Progressive Waste Solutions Ltd. (Form: 6-K

... Our outlook for 2015 reflects several challenging variables in the operating environment, including softness in recycled commodity prices and the potential impact of lower oil prices to energy-sensitive markets and fuel surcharge revenue. While we do not have operational exposure to the volatility o ...
Alterna Savings and Credit Union Limited
Alterna Savings and Credit Union Limited

... securities are not expected to exceed $350,000, and these costs, approximating $298,000 after applicable tax savings, will be netted against the shares’ value in members’ equity. The estimated maximum net proceeds of this offering are $34,702,000. The principal use of the net proceeds, and the purpo ...
Definitions of Ratings and Other Forms of Opinion
Definitions of Ratings and Other Forms of Opinion

INLAND WESTERN RETAIL REAL ESTATE TRUST
INLAND WESTERN RETAIL REAL ESTATE TRUST

... We are a fully integrated, self-administered and self-managed real estate company that owns and operates high quality, strategically located shopping centers, as well as single-user retail properties. We are one of the largest owners and operators of shopping centers in the United States. As of Dece ...
Morningstar`s 2010 529 College
Morningstar`s 2010 529 College

highlights for 2003 - Amplifon Corporate
highlights for 2003 - Amplifon Corporate

< 1 2 3 4 5 6 7 8 9 10 ... 530 >

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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