The performance of hedge funds and mutual funds in
... capital markets.1 These limitations raise questions about the value added provided by these funds, for example, compared to traditional long-only mutual funds. Emerging market hedge funds have been analyzed as one among many strategies in hedge fund performance measurement literature such as Fung an ...
... capital markets.1 These limitations raise questions about the value added provided by these funds, for example, compared to traditional long-only mutual funds. Emerging market hedge funds have been analyzed as one among many strategies in hedge fund performance measurement literature such as Fung an ...
UNITED STATES SECURITIES AND
... 1. Summary of Significant Accounting and Reporting Policies Nature of Operations Hilltop Holdings Inc. (“Hilltop” and, collectively with its subsidiaries, the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956. The Company’s primary line of business is to ...
... 1. Summary of Significant Accounting and Reporting Policies Nature of Operations Hilltop Holdings Inc. (“Hilltop” and, collectively with its subsidiaries, the “Company”) is a financial holding company registered under the Bank Holding Company Act of 1956. The Company’s primary line of business is to ...
The Impact of Prices on Takeovers - Wharton Finance
... Interestingly, the active role of financial markets implies that any factor that influences prices can also influence takeover activity (and other real actions). Therefore, mispricing (e.g., due to market frictions or investor errors) can have real consequences by impacting takeovers. Our paper is t ...
... Interestingly, the active role of financial markets implies that any factor that influences prices can also influence takeover activity (and other real actions). Therefore, mispricing (e.g., due to market frictions or investor errors) can have real consequences by impacting takeovers. Our paper is t ...
Pricing Crude Oil Calendar Spread Options
... markets, energy commodities have assumed a predominant role due to the recent worldwide energy liberalization process that is still taking place even in the most developed countries. Moreover, the significant increase in the demand for energy, in particular due to the spectacular economic growth of ...
... markets, energy commodities have assumed a predominant role due to the recent worldwide energy liberalization process that is still taking place even in the most developed countries. Moreover, the significant increase in the demand for energy, in particular due to the spectacular economic growth of ...
Estimating and interpreting probability density functions
... In recent years, central banks have increasingly used option markets to construct measures of market conditions and market participants’ expectations. Most recently, techniques have been developed that use option prices to estimate or recover the entire expected distribution (probability density fun ...
... In recent years, central banks have increasingly used option markets to construct measures of market conditions and market participants’ expectations. Most recently, techniques have been developed that use option prices to estimate or recover the entire expected distribution (probability density fun ...
State of the Markets
... believes you should be aware of the following general risks associated with Swap Transactions: (i) Liquidity Risk: There is no public market for Swap Transactions and, therefore, it may be difficult or impossible to liquidate an existing position on favorable terms; (ii) Transfer Restrictions: Swap ...
... believes you should be aware of the following general risks associated with Swap Transactions: (i) Liquidity Risk: There is no public market for Swap Transactions and, therefore, it may be difficult or impossible to liquidate an existing position on favorable terms; (ii) Transfer Restrictions: Swap ...
Greene County Bancorp 10K - The Bank of Greene County
... Greene County Bancorp, Inc. operates as the federally chartered holding company of The Bank of Greene County, a federally chartered savings bank. A majority of Greene County Bancorp, Inc.’s issued and outstanding common stock (54.4%) is held by Greene County Bancorp, MHC, a federally chartered mutua ...
... Greene County Bancorp, Inc. operates as the federally chartered holding company of The Bank of Greene County, a federally chartered savings bank. A majority of Greene County Bancorp, Inc.’s issued and outstanding common stock (54.4%) is held by Greene County Bancorp, MHC, a federally chartered mutua ...
ISSUE OF DEBENTURES A debenture is a written
... Where S= Lump sum required to redeem debentures; a = equal amount to be appropriated annually; n = number of years; r = interest rate 3. Redemption by Purchase of the Debentures in the Open Market: under this method, the company, at its option, purchases the debentures in the open market particularl ...
... Where S= Lump sum required to redeem debentures; a = equal amount to be appropriated annually; n = number of years; r = interest rate 3. Redemption by Purchase of the Debentures in the Open Market: under this method, the company, at its option, purchases the debentures in the open market particularl ...
The Other Side of Value: The Effect of Quality on Price and Return in
... increases by only about 0.1 % (0.8 % when annual regressions are used). These results indicate that inclusion of the quality factor (QMJ) only marginally improves the fit of the asset-pricing model for real estate. Overall, our analyses provide compelling evidence that quality characteristics are pe ...
... increases by only about 0.1 % (0.8 % when annual regressions are used). These results indicate that inclusion of the quality factor (QMJ) only marginally improves the fit of the asset-pricing model for real estate. Overall, our analyses provide compelling evidence that quality characteristics are pe ...
Optimal Dynamic Order Submission Strategies In Some Stylized
... Value-motivated traders include all traders who estimate security values on a regular basis. These traders may be investors who estimate values directly from economic fundamentals or market-makers (and other technical traders) who estimate values indirectly by observing order flows. Value-motivated ...
... Value-motivated traders include all traders who estimate security values on a regular basis. These traders may be investors who estimate values directly from economic fundamentals or market-makers (and other technical traders) who estimate values indirectly by observing order flows. Value-motivated ...
trends in south african agricultural land prices
... here. Uloma my wife and our children, Akudo, Ugochukwu, Chima, and Udochukwu have endured a lot and should now feel relief that they can have more of me. I thank them all. The wonderful and unending support from the rest of the family is also gratefully acknowledged. Ajuruchukwu Obi University of Fo ...
... here. Uloma my wife and our children, Akudo, Ugochukwu, Chima, and Udochukwu have endured a lot and should now feel relief that they can have more of me. I thank them all. The wonderful and unending support from the rest of the family is also gratefully acknowledged. Ajuruchukwu Obi University of Fo ...
United States housing bubble
The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—the primary cause of the 2007–2009 recession in the United States.Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble ""the most significant risk to our economy.""Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but the nation's mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, and foreign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts.In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the U.S. housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration. On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the United States Constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.