View/Open
... this is not very helpful when the ignorance about these parameters is similar to that ofthe depreciation rate. We return to this in the sensitivity analysis below. Hopefully, future research will focus on these parameters since this can be of particular importance when the reported investment is dis ...
... this is not very helpful when the ignorance about these parameters is similar to that ofthe depreciation rate. We return to this in the sensitivity analysis below. Hopefully, future research will focus on these parameters since this can be of particular importance when the reported investment is dis ...
Debt Overhang and Recapitalization in Closed and Open Economies
... theoretical literature of the past 20 years is that financial contracts – and debt in particular – are used strategically to create or remedy various types of governance problems. For instance, it is often optimal to make renegotiation difficult for governance reasons. Hart and Moore (1995) model th ...
... theoretical literature of the past 20 years is that financial contracts – and debt in particular – are used strategically to create or remedy various types of governance problems. For instance, it is often optimal to make renegotiation difficult for governance reasons. Hart and Moore (1995) model th ...
handbill on eligibility to bid for government securities in the primary
... UNIMPAIRED CAPITAL AND SURPLUS means the combined capital accounts of a financial institution. CAPITAL means the paid-in capital and surplus account. SURPLUS means the excess of the assets over the liabilities and paid-in capital of the financial institutions but excluding the reserves set aside fo ...
... UNIMPAIRED CAPITAL AND SURPLUS means the combined capital accounts of a financial institution. CAPITAL means the paid-in capital and surplus account. SURPLUS means the excess of the assets over the liabilities and paid-in capital of the financial institutions but excluding the reserves set aside fo ...
Itaú Europa
... Europa may have a position in the securities referred to herein from time to time. The information should not exclude or replace the investigation or exercise of judgment that is undertaken before an investment decision is made. The information should not be construed as a solicitation or offer to b ...
... Europa may have a position in the securities referred to herein from time to time. The information should not exclude or replace the investigation or exercise of judgment that is undertaken before an investment decision is made. The information should not be construed as a solicitation or offer to b ...
The securities described in this prospectus are offered
... Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required under its terms remains the same even if the securities decrease ...
... Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required under its terms remains the same even if the securities decrease ...
1 Getting new regulatory policy done: Crowdfunding
... Investors in these projects have typically received non-‐financial returns for their contributions, including visits by celebrities, access to concerts or even cupcakes. Regulations have limited the use of this ...
... Investors in these projects have typically received non-‐financial returns for their contributions, including visits by celebrities, access to concerts or even cupcakes. Regulations have limited the use of this ...
Understanding Short-termism: the Role of Corporate Governance.
... time horizons for making economic decisions. This report suggests that short-termism is caused by a self-reinforcing and dynamic calibration (shortening) of time horizons produced through the interactions between shareholders and managers, and amplified by several roles played by gatekeepers in medi ...
... time horizons for making economic decisions. This report suggests that short-termism is caused by a self-reinforcing and dynamic calibration (shortening) of time horizons produced through the interactions between shareholders and managers, and amplified by several roles played by gatekeepers in medi ...
Private Cash Flow Statements
... and note principal payments, capitalized lease payment, capital debt interest payments, capital acquisitions and capital item sale proceeds ...
... and note principal payments, capitalized lease payment, capital debt interest payments, capital acquisitions and capital item sale proceeds ...
An Overview of Fee Structures in Real Estate Funds and Their
... management of most core funds are significantly larger; consequently, (base) fees and costs for core funds tend to be significantly lower than those found in non-core funds. Another dimension is the experience of the investment manager. Because the ex ante selection of an investment manager is frau ...
... management of most core funds are significantly larger; consequently, (base) fees and costs for core funds tend to be significantly lower than those found in non-core funds. Another dimension is the experience of the investment manager. Because the ex ante selection of an investment manager is frau ...
ch1 -
... • Involves managing pools of assets such as mutual funds. • Compete with commercial banks, life insurance companies, and pension funds • Manage funds either as agents for other investors or as principals • Objective is to select asset portfolios to beat some return-risk performance benchmark such as ...
... • Involves managing pools of assets such as mutual funds. • Compete with commercial banks, life insurance companies, and pension funds • Manage funds either as agents for other investors or as principals • Objective is to select asset portfolios to beat some return-risk performance benchmark such as ...
The Impact of Taxes on the Extensive and Intensive Margins of FDI
... German outbound FDI which is further broken down into greenfield FDI and those affiliates created via a merger or an acquisition. They find that although host taxes reduce the likelihood of investment via either mode, the impact is significantly smaller for mergers and acquisitions. This is consist ...
... German outbound FDI which is further broken down into greenfield FDI and those affiliates created via a merger or an acquisition. They find that although host taxes reduce the likelihood of investment via either mode, the impact is significantly smaller for mergers and acquisitions. This is consist ...
Accelerating growth and creating value
... Consolidated Financial Statements are available on our Investor Relations website under www.siemens.com. Siemens ties a portion of its executive incentive compensation to achieving economic value added (EVA) targets. EVA measures the profitability of a business (using Group profit for the Operating ...
... Consolidated Financial Statements are available on our Investor Relations website under www.siemens.com. Siemens ties a portion of its executive incentive compensation to achieving economic value added (EVA) targets. EVA measures the profitability of a business (using Group profit for the Operating ...
China - The Engine of a Commodities Super Cycle
... demand, but production costs also increase. This supports our view that super cycles are demand driven. We believe this is the outlook for the present super cycle, as discussed below. Changes in the sources of copper supply since 1900 is illustrated in Figure 18. ...
... demand, but production costs also increase. This supports our view that super cycles are demand driven. We believe this is the outlook for the present super cycle, as discussed below. Changes in the sources of copper supply since 1900 is illustrated in Figure 18. ...
OVERVIEW Value_Investing_Slides
... no Value in Franchise Competitive Advantage must be identifiable and sustainable In particular, Are existing Competitive Advantages Sustainable or are they likely to erode? If in doubt, do not pay for franchise Ideally look for ‘hidden’ franchise –Unused pricing power (Coke, Cereals) –Poorly perform ...
... no Value in Franchise Competitive Advantage must be identifiable and sustainable In particular, Are existing Competitive Advantages Sustainable or are they likely to erode? If in doubt, do not pay for franchise Ideally look for ‘hidden’ franchise –Unused pricing power (Coke, Cereals) –Poorly perform ...
EQEO Performance Summary
... platform for recurring deal origination on debt and eventually equity markets. The international offices would serve as placement and distribution centers. Given that there are local partners involved in the UK, Lebanon and Malaysia, the hope is that a two-way deal flow can eventually be established ...
... platform for recurring deal origination on debt and eventually equity markets. The international offices would serve as placement and distribution centers. Given that there are local partners involved in the UK, Lebanon and Malaysia, the hope is that a two-way deal flow can eventually be established ...
WWD Article - Peter J. Solomon Company
... vision for the combined company. According to Dreher, Lampert is taking his time to look at the "moving parts" before planning his next move. ...
... vision for the combined company. According to Dreher, Lampert is taking his time to look at the "moving parts" before planning his next move. ...
Interaction Between Value Line`s Timeliness and
... diminished. Exhibit 6 shows the average betas of securities across timeliness and safety ranks. For the sample as a whole, securities ranked as having higher levels of total risk are also those with higher betas. The average betas of the timeliness groups are all significantly different except T3 an ...
... diminished. Exhibit 6 shows the average betas of securities across timeliness and safety ranks. For the sample as a whole, securities ranked as having higher levels of total risk are also those with higher betas. The average betas of the timeliness groups are all significantly different except T3 an ...
RFP NO. NM INV-001-FY16 - Public Employees Retirement
... allow for long/short products, with reasonable leverage utilized. Additionally, PERA will support the hedging of non-US currency exposure in any products proposed. The Offeror must provide an individual submission for each product proposed. The Listed Infrastructure product(s) proposed by the Offero ...
... allow for long/short products, with reasonable leverage utilized. Additionally, PERA will support the hedging of non-US currency exposure in any products proposed. The Offeror must provide an individual submission for each product proposed. The Listed Infrastructure product(s) proposed by the Offero ...
Directive on Alternative Investment Fund Managers
... We recognise that the aggregate activity of hedge funds could cause risk to financial stability, and so welcome the aspects of the Directive that attempt to reduce risk posed by fund managers. We think that coordinated regulation and supervision of managers at EU level will be beneficial to the sing ...
... We recognise that the aggregate activity of hedge funds could cause risk to financial stability, and so welcome the aspects of the Directive that attempt to reduce risk posed by fund managers. We think that coordinated regulation and supervision of managers at EU level will be beneficial to the sing ...
February 26, 2013 VIA ELECTRONIC MAIL Mr. Gary Barnett
... number of underlying funds operated by third parties. Today, many registered and private funds invest in some combination of other registered funds and/or private funds. Their managers also may engage sub-advisers to directly manage one or more portions of the fund’s assets (each such portion referr ...
... number of underlying funds operated by third parties. Today, many registered and private funds invest in some combination of other registered funds and/or private funds. Their managers also may engage sub-advisers to directly manage one or more portions of the fund’s assets (each such portion referr ...
- FRASER (St.Louis Fed)
... First, the magnitude of the crash posited by Rietz is far greater than that of the 1929 crash. The best of many bad states (which has probability of one percent, or roughly once in 100 years) assumed by Rietz involves a drastic 25 percent reduction in consumption in a single year! To put this in per ...
... First, the magnitude of the crash posited by Rietz is far greater than that of the 1929 crash. The best of many bad states (which has probability of one percent, or roughly once in 100 years) assumed by Rietz involves a drastic 25 percent reduction in consumption in a single year! To put this in per ...
through the looking glass
... Investments: new mandates and increasing climate-related portfolio analysis Engagement: with investments managers, companies, and policy makers Participation at partner institutions – who was involved? The Climate Change Scenarios – Implications for Strategic Asset Allocation project reflects an inc ...
... Investments: new mandates and increasing climate-related portfolio analysis Engagement: with investments managers, companies, and policy makers Participation at partner institutions – who was involved? The Climate Change Scenarios – Implications for Strategic Asset Allocation project reflects an inc ...
Investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.