Costs of Eliminating Discretionary Broker Voting on Uncontested
... to vote their shares than are retail shareholders.4 Investment advisers to closed-end funds and mutual funds, for example, have a duty of care requirement to monitor corporate actions and vote client proxies in many instances. Fiduciaries to private pension plans—typically plan sponsors—are subject ...
... to vote their shares than are retail shareholders.4 Investment advisers to closed-end funds and mutual funds, for example, have a duty of care requirement to monitor corporate actions and vote client proxies in many instances. Fiduciaries to private pension plans—typically plan sponsors—are subject ...
Why does fast loan growth predict poor performance for banks?
... poorer performance, and that these banks fail to set aside enough reserves for these loans, which is consistent with the hypothesis that they underappreciate the risk of these loans. A bank can grow quickly by underpricing its loans. As a result, it will face a large loan demand and its lending will ...
... poorer performance, and that these banks fail to set aside enough reserves for these loans, which is consistent with the hypothesis that they underappreciate the risk of these loans. A bank can grow quickly by underpricing its loans. As a result, it will face a large loan demand and its lending will ...
Disclosure Booklet - Oregon College Savings Plan
... Manager a fee at an annual rate of 0.17% of the average daily net assets of the Investment Portfolio. That annual rate for the Plan Manager Fee applies so long as the total assets in the Plan (with the exception of the Principal Plus Interest Portfolio) remain above $1.0 billion. If the total market ...
... Manager a fee at an annual rate of 0.17% of the average daily net assets of the Investment Portfolio. That annual rate for the Plan Manager Fee applies so long as the total assets in the Plan (with the exception of the Principal Plus Interest Portfolio) remain above $1.0 billion. If the total market ...
Are Pension Funds too Important to Fail?
... last resort to restore the funding ratio. This raises a lot of questions, such as what will happen if a large number of pension funds can no longer pay their liabilities in full and “fail” (defaulting on its commitments)? To address this issue proactively, the government installed the Goudswaard Com ...
... last resort to restore the funding ratio. This raises a lot of questions, such as what will happen if a large number of pension funds can no longer pay their liabilities in full and “fail” (defaulting on its commitments)? To address this issue proactively, the government installed the Goudswaard Com ...
Schwab Advisor Cash Reserves
... interest rates steady through November, as did spikes in volatility tied to the United Kingdom’s decision in June to leave the European Union (Brexit) and the U.S. presidential election. However, as the U.S. economy began to pick up and show signs of lasting stability, the Fed unanimously voted to r ...
... interest rates steady through November, as did spikes in volatility tied to the United Kingdom’s decision in June to leave the European Union (Brexit) and the U.S. presidential election. However, as the U.S. economy began to pick up and show signs of lasting stability, the Fed unanimously voted to r ...
challenging consumer protection rationales, orthodoxies and models
... know who they are liable to and lenders know which borrowers owe them money.31 A selling point for P2PL is that it saves money by eliminating the need for an intermediating bank. Consequently, borrowers are offered much lower interest rates and lenders can expect higher returns.32 P2PL provides indi ...
... know who they are liable to and lenders know which borrowers owe them money.31 A selling point for P2PL is that it saves money by eliminating the need for an intermediating bank. Consequently, borrowers are offered much lower interest rates and lenders can expect higher returns.32 P2PL provides indi ...
Presentation GMO Low Volatility Fundamentals
... Three routes to the permanent impairment of capital: ...
... Three routes to the permanent impairment of capital: ...
Mutual Fund Performance and the Incentive to Generate Alpha
... folio management services, or a packaged bundle of portfolio management and investment advice. Not surprisingly, the two types of funds are targeted at different types of investors. According to an Investment Company Institute (ICI) survey, 51% of mutual fund shareholders indicate that they have an ...
... folio management services, or a packaged bundle of portfolio management and investment advice. Not surprisingly, the two types of funds are targeted at different types of investors. According to an Investment Company Institute (ICI) survey, 51% of mutual fund shareholders indicate that they have an ...
Deactivating Active Share
... taking on more risk is unlikely to lead to outperformance just by itself. Moreover, if one argues ...
... taking on more risk is unlikely to lead to outperformance just by itself. Moreover, if one argues ...
INFORMATION STATEMENT of BNP Paribas, a French incorporated
... capital and liquidity requirements and may limit its ability to extend credit or to hold certain assets, particularly those with longer maturities. The Bank implemented an adaptation plan in response to these requirements, including reducing its balance sheet and bolstering its capital base. Ensurin ...
... capital and liquidity requirements and may limit its ability to extend credit or to hold certain assets, particularly those with longer maturities. The Bank implemented an adaptation plan in response to these requirements, including reducing its balance sheet and bolstering its capital base. Ensurin ...
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... Hayes III, 1998). In a global market where conventional finance dominates, liquidity could only be acquired by transactions limited to specific Shariah-acceptable commodities such as industrial goods, metals, and oils. The process of issuing sukuk certificates allows Islamic financial institutions t ...
... Hayes III, 1998). In a global market where conventional finance dominates, liquidity could only be acquired by transactions limited to specific Shariah-acceptable commodities such as industrial goods, metals, and oils. The process of issuing sukuk certificates allows Islamic financial institutions t ...
Tsung Sheng Liu , Polaris Financial Group, Taiwan
... take up 90% of the market share Top 10 investment trust companies (AUM for non-bond fund ) ...
... take up 90% of the market share Top 10 investment trust companies (AUM for non-bond fund ) ...
International Spillovers of Large
... 2 Long-term yields increased in the beginning of LSAP2 mainly because central banks in many countries hiked interest rates in expectation of higher inflation. However, this tightening cycle was short (about a year) as these expectations did not materialize. Contagion effects from the Euro crisis cou ...
... 2 Long-term yields increased in the beginning of LSAP2 mainly because central banks in many countries hiked interest rates in expectation of higher inflation. However, this tightening cycle was short (about a year) as these expectations did not materialize. Contagion effects from the Euro crisis cou ...
The Stock Market, Credit, and Capital Formation
... in any meaning other than that which they have been assigned in the newest Keynesian language. The present book adheres to pre-Keynesian language, employing terms such as Saving and Hoarding in the traditional sense (corresponding most nearly to D. H. Bobertson's definitions). In order to avoid misu ...
... in any meaning other than that which they have been assigned in the newest Keynesian language. The present book adheres to pre-Keynesian language, employing terms such as Saving and Hoarding in the traditional sense (corresponding most nearly to D. H. Bobertson's definitions). In order to avoid misu ...
Venture Capita Report
... in the UK, has historically encapsulated the full spectrum of private equity activity; the provision of equity finance to private businesses in return for a minority or a majority stake. Some newspaper reports, for example, will still refer to the very largest private equity groups, such as Permira ...
... in the UK, has historically encapsulated the full spectrum of private equity activity; the provision of equity finance to private businesses in return for a minority or a majority stake. Some newspaper reports, for example, will still refer to the very largest private equity groups, such as Permira ...
HOW STOCKBROKERS COULD REDUCE THEIR
... 88 would reduce the scrip holdings and the overdraft of Broker 88. Brokers receiving scrip from Broker 88 would pay at current market prices in the normal Settlement. If 25% of Broker 88's holdings are "borrowed" only 75% remains to be financed on overdraft. The effective overdraft is thus only 75% ...
... 88 would reduce the scrip holdings and the overdraft of Broker 88. Brokers receiving scrip from Broker 88 would pay at current market prices in the normal Settlement. If 25% of Broker 88's holdings are "borrowed" only 75% remains to be financed on overdraft. The effective overdraft is thus only 75% ...
Analysis of Bank Efficiency of Chinese Commercial Banks and the
... Further economic growth and prosperity require the financial sector to be modern and efficient. In order to better serve the economy, the Chinese government initiated reforms in financial sector from the early 1980s along with its economic reform. Considerable progress has been made in both the real ...
... Further economic growth and prosperity require the financial sector to be modern and efficient. In order to better serve the economy, the Chinese government initiated reforms in financial sector from the early 1980s along with its economic reform. Considerable progress has been made in both the real ...
Equilibrium interest rate and liquidity premium under
... a decreasing stream of lal)or income over their lifetimes. In addition they can invest in long-term assets ...
... a decreasing stream of lal)or income over their lifetimes. In addition they can invest in long-term assets ...
Internationalization of the Renminbi
... deposit increased from RMB 90 billion by the end of June 2010 to RMB 926 billion by the end of June 2014, which occupied 12 percent of its total deposit in mid-2014 (see Figure 3). As shown in Figure 4, Hong Kong’s RMB-denominating bond market was expanding faster than RMB loan business. By the end ...
... deposit increased from RMB 90 billion by the end of June 2010 to RMB 926 billion by the end of June 2014, which occupied 12 percent of its total deposit in mid-2014 (see Figure 3). As shown in Figure 4, Hong Kong’s RMB-denominating bond market was expanding faster than RMB loan business. By the end ...
Fund Summary Sheet TMLS Singapore Cash Fund
... for the Underlying Fund depends on factors such as the cash availability and portfolio balance of the Underlying Fund. However, the Underlying Fund Sub-Manager will use reasonable endeavours at all times to act fairly and in the interests of the Underlying Fund. In particular, after taking into acco ...
... for the Underlying Fund depends on factors such as the cash availability and portfolio balance of the Underlying Fund. However, the Underlying Fund Sub-Manager will use reasonable endeavours at all times to act fairly and in the interests of the Underlying Fund. In particular, after taking into acco ...
Nepal Rastra Bank in Fifty Years Part II
... participating in the equity of many financial institutions. Among them were two development finance institutions (DFIs), Agriculture Development Bank of Nepal (ADB/N) and Nepal Industrial Development Corporation (NIDC), which were established to provide medium and long term loans, to participate in ...
... participating in the equity of many financial institutions. Among them were two development finance institutions (DFIs), Agriculture Development Bank of Nepal (ADB/N) and Nepal Industrial Development Corporation (NIDC), which were established to provide medium and long term loans, to participate in ...
Building Sub-national Debt Markets
... between 1993 and 1997, Czech municipalities enjoyed increasing access to credit from the private market to finance their investments under conditions that are among the best in transition economies. The proportion of long-term loans in total loans increased steadily over the period. Market competiti ...
... between 1993 and 1997, Czech municipalities enjoyed increasing access to credit from the private market to finance their investments under conditions that are among the best in transition economies. The proportion of long-term loans in total loans increased steadily over the period. Market competiti ...
Informed Trading, Liquidity Provision, and Stock Selection by Mutual
... were of the view that a large part of that growth rate was attributable to the 3% sales price increase that took e¤ect in October 2004, and that this price increase would not help with respect to same-month year-to-year sales growth rates beginning with October 2005. That probably explains the much ...
... were of the view that a large part of that growth rate was attributable to the 3% sales price increase that took e¤ect in October 2004, and that this price increase would not help with respect to same-month year-to-year sales growth rates beginning with October 2005. That probably explains the much ...
UNITED STATES SECURITIES AND
... statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31 ...
... statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31 ...
Assessment Study of Microfinance Market in Moldova
... workers joined the sizable informal economy and poverty did not rise significantly. After a year of deflation, consumer price inflation returned in 2010; it is expected to remain in single digits at least through 2011. Micro, small and medium enterprises (MSMEs) made up 97.8% of formal businesses. T ...
... workers joined the sizable informal economy and poverty did not rise significantly. After a year of deflation, consumer price inflation returned in 2010; it is expected to remain in single digits at least through 2011. Micro, small and medium enterprises (MSMEs) made up 97.8% of formal businesses. T ...