Co-investments in funds of funds and separate accounts
... Sophisticated co-investors, however, often have the ability to manage this line through active involvement in the deal process and by continuing to participate post close. These investors will determine which minority rights are critical to ensuring a satisfactory outcome. They may also supplement t ...
... Sophisticated co-investors, however, often have the ability to manage this line through active involvement in the deal process and by continuing to participate post close. These investors will determine which minority rights are critical to ensuring a satisfactory outcome. They may also supplement t ...
Price Discount of Private Equity Placement and Interests
... have a significantly positive effect on operation performance of listed firms with poor corporate governance [11]. Wilson et al. (2012) find that listed firms in U.K. backed buyouts by private equity portfolio fund achieved superior economic and financial performance in the period before and during ...
... have a significantly positive effect on operation performance of listed firms with poor corporate governance [11]. Wilson et al. (2012) find that listed firms in U.K. backed buyouts by private equity portfolio fund achieved superior economic and financial performance in the period before and during ...
Underwriting Costs of Seasoned Equity Offerings
... Rights offerings, ceteris paribus, were less expensive than public offerings. They also found that rights offerings had declined dramatically as a percentage of offerings from 1950 to 1971 (from 21% of the sample in 1950 to 5% in 1971), further corroborating the role of structural changes in the ma ...
... Rights offerings, ceteris paribus, were less expensive than public offerings. They also found that rights offerings had declined dramatically as a percentage of offerings from 1950 to 1971 (from 21% of the sample in 1950 to 5% in 1971), further corroborating the role of structural changes in the ma ...
Market Risk and Model Risk For a Financial Institution Writing Options
... diffusion process: Such a strategy theoretically entails an infinite number of transactions in the underlying over an option’s life, and therefore infinite transactions costs. Moreover, financial markets do not remain open continuously, meaning that rebalancing can not always be done when it is need ...
... diffusion process: Such a strategy theoretically entails an infinite number of transactions in the underlying over an option’s life, and therefore infinite transactions costs. Moreover, financial markets do not remain open continuously, meaning that rebalancing can not always be done when it is need ...
Appendix 6(ii) Investor`s Statement (legal person) First name and
... 1) a natural person or natural persons who own or control the Investor, 2) a natural person or natural persons who are members or shareholders or hold voting rights at the shareholders’ meeting in excess of 50% in the legal person concerned, including through bearer share holdings, other than compan ...
... 1) a natural person or natural persons who own or control the Investor, 2) a natural person or natural persons who are members or shareholders or hold voting rights at the shareholders’ meeting in excess of 50% in the legal person concerned, including through bearer share holdings, other than compan ...
Balanced Income Portfolio Interim Management Report of Fund
... arrangements with certain dealers with respect to the Pool. Any commission recaptured will be paid to the Pool. During the period, the Pool did not pay any brokerage commissions or other fees to CIBC WM or CIBC World Markets Corp. Spreads associated with fixed income and other securities are not asc ...
... arrangements with certain dealers with respect to the Pool. Any commission recaptured will be paid to the Pool. During the period, the Pool did not pay any brokerage commissions or other fees to CIBC WM or CIBC World Markets Corp. Spreads associated with fixed income and other securities are not asc ...
Morning Briefing Global Economic Trading Calendar
... European bourses are initially seen little changed Friday, with the FTSE seen unchanged and the CAC and DAX both higher by 0.1%. US STOCKS CLOSE: Stocks eked out modest gains mostly Thursday, ...
... European bourses are initially seen little changed Friday, with the FTSE seen unchanged and the CAC and DAX both higher by 0.1%. US STOCKS CLOSE: Stocks eked out modest gains mostly Thursday, ...
Determination of Risk Aversion and Moment
... Puzzlingly stock-ownership especially in Europe is still limited to a minority among savers, and financial institutions are extremely lax about profoundly educating their clients and show little effort determining their investor’s risk aversion. Banks and brokers usually content themselves with inform ...
... Puzzlingly stock-ownership especially in Europe is still limited to a minority among savers, and financial institutions are extremely lax about profoundly educating their clients and show little effort determining their investor’s risk aversion. Banks and brokers usually content themselves with inform ...
Raising Capital- Get the Money You Need To Grow Your Business
... what appears to be a recovery, or at least a stabilization of the capital markets. What does this mean for emerging-growth companies who are developing capital formation strategies? It means that business plans and proposals for financing must emphasize the strengths and compensate (and explain) for ...
... what appears to be a recovery, or at least a stabilization of the capital markets. What does this mean for emerging-growth companies who are developing capital formation strategies? It means that business plans and proposals for financing must emphasize the strengths and compensate (and explain) for ...
Does the PCAOB`s cross-border audit oversight affect the value of
... specifically referred to in the delay-list, but also other companies operating in China. We do not observe negative market reactions for clients of auditors from other countries, whether those auditors are on the delay list or not. For Announcement 2 (February 03, 2010), companies from China and Nor ...
... specifically referred to in the delay-list, but also other companies operating in China. We do not observe negative market reactions for clients of auditors from other countries, whether those auditors are on the delay list or not. For Announcement 2 (February 03, 2010), companies from China and Nor ...
Venture Capital Investment and Small Business Affiliation Rules
... the ability of small businesses to obtain capital without impacting their size status. This means companies must forgo venture capital financing or risk losing eligibility to compete for small business set aside contracts and subcontracting opportunities with prime contractors who seek to meet small ...
... the ability of small businesses to obtain capital without impacting their size status. This means companies must forgo venture capital financing or risk losing eligibility to compete for small business set aside contracts and subcontracting opportunities with prime contractors who seek to meet small ...
Capped Leveraged Index Return Notes ® Linked - corporate
... Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Index. The initial ■ estimated value of the notes is an estimate only, determined as of a particular point in time by reference to our a ...
... Your investment return is limited to the return represented by the Capped Value and may be less than a comparable investment directly in the stocks included in the Index. The initial ■ estimated value of the notes is an estimate only, determined as of a particular point in time by reference to our a ...
Global Style Portfolios Based on Country Indices
... risk premia means that the capitalisation weighted portfolio of all stocks (the market portfolio) is no longer efficient. If factor returns are independent across countries, investing in a global portfolio of ‘style’ funds should provide considerable efficiency gains to a global equity portfolio. We ...
... risk premia means that the capitalisation weighted portfolio of all stocks (the market portfolio) is no longer efficient. If factor returns are independent across countries, investing in a global portfolio of ‘style’ funds should provide considerable efficiency gains to a global equity portfolio. We ...
Automatic Account Rebalancing
... most important investing decision you can make in your retirement planning. In fact, over time it has been shown to account for over 90%* of investment results. Carefully selecting your investment mix and sticking with a long-term plan has the potential to greatly influence your investment results. ...
... most important investing decision you can make in your retirement planning. In fact, over time it has been shown to account for over 90%* of investment results. Carefully selecting your investment mix and sticking with a long-term plan has the potential to greatly influence your investment results. ...
Stock market reaction to CEO certification
... were rooted in the desire to shore up earnings and thus the firm’s stock price. While some of the malfeasance was clearly for personal gain (e.g. Tyco),5 the scandals that occurred in a few large and highly visible companies had a spillover effect that impacted the overall financial markets. One con ...
... were rooted in the desire to shore up earnings and thus the firm’s stock price. While some of the malfeasance was clearly for personal gain (e.g. Tyco),5 the scandals that occurred in a few large and highly visible companies had a spillover effect that impacted the overall financial markets. One con ...
Dividend Portfolio Strategy
... current consumption needs with high-dividend stocks while adhering to the policy of never dipping into principal. 3. Managers, acting on behalf of the stockholders, can pay dividends in order to keep cash from bondholders. 4.The board of directors, acting on behalf of the stockholders, can use divid ...
... current consumption needs with high-dividend stocks while adhering to the policy of never dipping into principal. 3. Managers, acting on behalf of the stockholders, can pay dividends in order to keep cash from bondholders. 4.The board of directors, acting on behalf of the stockholders, can use divid ...
Misvaluation and Return Anomalies in Distressed Stocks
... risk; all proxies for higher arbitrage risk. However, what we report in this paper is that anomalies are located only in a subset of distressed stocks, namely the misvalued stocks. We find no cross-sectional differences in arbitrage risk across groups of distressed stocks sorted by relative valuatio ...
... risk; all proxies for higher arbitrage risk. However, what we report in this paper is that anomalies are located only in a subset of distressed stocks, namely the misvalued stocks. We find no cross-sectional differences in arbitrage risk across groups of distressed stocks sorted by relative valuatio ...
"Biotech Bulletin" Fall 2015
... should plan ahead and strategically approach this project as you would any other. Too many times in my 25+ year career, I have seen companies wait too long to begin the site selection process. They will try to do it on their own, with internal resources and without the use of a real estate broker, t ...
... should plan ahead and strategically approach this project as you would any other. Too many times in my 25+ year career, I have seen companies wait too long to begin the site selection process. They will try to do it on their own, with internal resources and without the use of a real estate broker, t ...
The Essays of Warren Buffett: Lessons for
... While they prefer negotiated acquisitions of 100% of such a business at a fair price, they take a "double-barreled approach" of buying on the open market less than 100% of such businesses when they can do so at a pro-rata price well below what it would take to buy 100%. The double-barreled approach ...
... While they prefer negotiated acquisitions of 100% of such a business at a fair price, they take a "double-barreled approach" of buying on the open market less than 100% of such businesses when they can do so at a pro-rata price well below what it would take to buy 100%. The double-barreled approach ...
Implications of Behavioural Economics for Mandatory
... responsible, there is also evidence that even when correcting such problems, individuals are sometimes unable or unwilling (or both) to select an investment portfolio that matches their risk and return preferences. Moreover, in order to be effective in preparing the general population, financial edu ...
... responsible, there is also evidence that even when correcting such problems, individuals are sometimes unable or unwilling (or both) to select an investment portfolio that matches their risk and return preferences. Moreover, in order to be effective in preparing the general population, financial edu ...
Geographic dispersion and stock returns
... implications for unconditional stock returns than the model of Merton (1987). In particular, models that generate excess information acquisition will typically generate more informative prices, which lowers the equilibrium ex ante equity premium. Thus, our main empirical finding supports the mechanis ...
... implications for unconditional stock returns than the model of Merton (1987). In particular, models that generate excess information acquisition will typically generate more informative prices, which lowers the equilibrium ex ante equity premium. Thus, our main empirical finding supports the mechanis ...
Are Funds of Funds Simply Multi-Strategy
... within these strategies (manager selection). Before comparing multi-strategy funds to funds of funds in these two areas, it is worthwhile to understand the potential impact each can have on performance. A number of studies have shown that for traditional asset classes, the vast majority of investmen ...
... within these strategies (manager selection). Before comparing multi-strategy funds to funds of funds in these two areas, it is worthwhile to understand the potential impact each can have on performance. A number of studies have shown that for traditional asset classes, the vast majority of investmen ...
The relative asset pricing model
... with each other? Could it be that CAPM proponents, and those who propose alternatives — like Black (1972), who argues for a Zero-Beta CAPM, albeit without clarity on the exact specifics of the zero-beta portfolio; Fama-French (2004) or Chen et al. (1986), who argue that additional factors beyond “ma ...
... with each other? Could it be that CAPM proponents, and those who propose alternatives — like Black (1972), who argues for a Zero-Beta CAPM, albeit without clarity on the exact specifics of the zero-beta portfolio; Fama-French (2004) or Chen et al. (1986), who argue that additional factors beyond “ma ...
Stock trader
A stock trader or equity trader or share trader is a person or company involved in trading equity securities. Stock traders may be an agent, hedger, arbitrageur, speculator, stockbroker or investor. A stock investor is an individual or company who puts money to use by the purchase of equity securities, offering potential profitable returns, as interest, income, or appreciation in value (capital gains). This buy-and-hold long term strategy is passive in nature, as opposed to speculation, which is typically active in nature. Many stock speculators will trade bonds (and possibly other financial assets) as well. Stock speculation is a risky and complex occupation because the direction of the markets are generally unpredictable and lack transparency, also financial regulators are sometimes unable to adequately detect, prevent and remediate irregularities committed by malicious listed companies or other financial market participants. In addition, the financial markets are usually subjected to speculation.