Artemis Capital Management LP | Star Wars Volatility
... When you consider all of these truths… it is puzzling why active long volatility is not a core holding in the institutional portfolio as an alternative hedge to both fixed income and equity. Instead, institutional investors are doing the exact opposite by forgoing actively managed convexity in favor ...
... When you consider all of these truths… it is puzzling why active long volatility is not a core holding in the institutional portfolio as an alternative hedge to both fixed income and equity. Instead, institutional investors are doing the exact opposite by forgoing actively managed convexity in favor ...
Who Holds Municipal Bonds?
... This report is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments named or described in this report. Interested parties are advised to contact the entity with which they deal, or the entity that provided this report to them, if ...
... This report is for your information only and is not an offer to sell, or a solicitation of an offer to buy, the securities or instruments named or described in this report. Interested parties are advised to contact the entity with which they deal, or the entity that provided this report to them, if ...
Write `T` if the statement is true and
... 1) In the Solow model, if productivity doesn't change, the economy must eventually reach a steady state. 2) The Golden Rule capital-labor ratio is the level of the capital-labor ratio that, in the steady state, maximizes output per worker. 3) Money's primary role in the economy comesfrom the benefit ...
... 1) In the Solow model, if productivity doesn't change, the economy must eventually reach a steady state. 2) The Golden Rule capital-labor ratio is the level of the capital-labor ratio that, in the steady state, maximizes output per worker. 3) Money's primary role in the economy comesfrom the benefit ...
statements
... By accepting this presentation and/or by attending this presentation, you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer. The information contained in this presentation (“Presentation”) has been prepared by Inmo ...
... By accepting this presentation and/or by attending this presentation, you will be taken to have represented, warranted and undertaken that you have read and agree to comply with the contents of this disclaimer. The information contained in this presentation (“Presentation”) has been prepared by Inmo ...
Prudential Real Estate Investors
... The question remains whether, after two years during which the global real estate securities index has dropped a combined 52%, the shares are priced appropriately. In the U.S., real estate stocks are priced at a level that implies an approximate 9% cap rate and a dividend yield of over 10%, accordin ...
... The question remains whether, after two years during which the global real estate securities index has dropped a combined 52%, the shares are priced appropriately. In the U.S., real estate stocks are priced at a level that implies an approximate 9% cap rate and a dividend yield of over 10%, accordin ...
![F. Peter Boer[*] - Tiger Scientific Inc](http://s1.studyres.com/store/data/009350141_1-531c978e6c31e2929ca66042817b077a-300x300.png)
F. Peter Boer[*] - Tiger Scientific Inc
... physical assets. His work also showed some interesting correlations between the time at which an R&D investment was made and its effect on the bottom line (3-5 years for maximum effect). These results suggests that the chemical industry cannot return its cost of capital (today, typically 10-12 perce ...
... physical assets. His work also showed some interesting correlations between the time at which an R&D investment was made and its effect on the bottom line (3-5 years for maximum effect). These results suggests that the chemical industry cannot return its cost of capital (today, typically 10-12 perce ...
Chapter 1 - Quantos Analytics
... Suppose Raviv retained the cash so that it would not need to raise new funds from outside investors for an expansion it has planned for next year. If it did raise new funds, it would have to pay issuance fees. How much does Raviv need to save in issuance fees to make retaining the cash beneficial fo ...
... Suppose Raviv retained the cash so that it would not need to raise new funds from outside investors for an expansion it has planned for next year. If it did raise new funds, it would have to pay issuance fees. How much does Raviv need to save in issuance fees to make retaining the cash beneficial fo ...
Title Is Times New Roman 28 Pt., Line Spacing .9 Lines
... The author(s) (if any authors are noted) principally responsible for the preparation of this material receive compensation based upon various factors, including quality and accuracy of their work, firm revenues (including trading and capital markets revenues), client feedback and competitive factors ...
... The author(s) (if any authors are noted) principally responsible for the preparation of this material receive compensation based upon various factors, including quality and accuracy of their work, firm revenues (including trading and capital markets revenues), client feedback and competitive factors ...
An Experienced View on Markets and Investing
... using now. Even using a 3% discount rate would at least double the value of liability compared with the declared liability. So, what does this all this mean? The plan sponsors are betting that good returns on the risky assets they hold will bail them out. The problem is that over the lives of these ...
... using now. Even using a 3% discount rate would at least double the value of liability compared with the declared liability. So, what does this all this mean? The plan sponsors are betting that good returns on the risky assets they hold will bail them out. The problem is that over the lives of these ...
Dealer Markets (Cont.)
... • Changes in information will cause the demand/supply curves to shift, resulting in a change in the expected equilibrium price • The issue is how quickly does the market absorb new information, resulting in a price change • Can individual investors earn above-average returns by trying to “second-gue ...
... • Changes in information will cause the demand/supply curves to shift, resulting in a change in the expected equilibrium price • The issue is how quickly does the market absorb new information, resulting in a price change • Can individual investors earn above-average returns by trying to “second-gue ...
Finding Value in US High Yield Fixed Income
... bonds have greater exposure to economic growth, and that the driver of high yield returns is not primarily interest rates or duration, but the underlying strength of the individual issuer. While the asset class is not entirely immune to interest rate risk, it does have lower sensitivity to this vari ...
... bonds have greater exposure to economic growth, and that the driver of high yield returns is not primarily interest rates or duration, but the underlying strength of the individual issuer. While the asset class is not entirely immune to interest rate risk, it does have lower sensitivity to this vari ...
Phillip Securities Account Opening Application. (Only
... management account with you (including the fees payable) which I can request from you at any time shall apply in addition to the Conditions that I have agreed to and the terms set forth in this application form with respect to my account(s). 7. With regard to investing in money market funds, I under ...
... management account with you (including the fees payable) which I can request from you at any time shall apply in addition to the Conditions that I have agreed to and the terms set forth in this application form with respect to my account(s). 7. With regard to investing in money market funds, I under ...
Suggested Answers to Discussion Questions
... Bay Marine Motors (OBMM) appears to be deteriorating. First, OBMM’s current ratio has declined 63%, indicating its ability to meet short-term obligations has weakened substantially. OBMM’s current liabilities, which have grown 126% over the past year, are driving this weakened position in liquidity. ...
... Bay Marine Motors (OBMM) appears to be deteriorating. First, OBMM’s current ratio has declined 63%, indicating its ability to meet short-term obligations has weakened substantially. OBMM’s current liabilities, which have grown 126% over the past year, are driving this weakened position in liquidity. ...
The Invisible Hand and the Banking Trade
... Tail-risk and nasty surprises Foster and Young (2010) explore one way of capturing unexpected developments, namely by the use of probability distributions associated with extreme events -- fattailed distributions with ‘tail risk’, consistent with the very rare occurrence of disastrously bad returns ...
... Tail-risk and nasty surprises Foster and Young (2010) explore one way of capturing unexpected developments, namely by the use of probability distributions associated with extreme events -- fattailed distributions with ‘tail risk’, consistent with the very rare occurrence of disastrously bad returns ...
Host Country-Specific Factors Causing Outwards Foreign Direct
... technology and in developing countries to access markets (Chang 2014). Disaggregation of Chinese OFDI also show that market seeking is the main motive for investing in OECD countries, whereas resource seeking and working in poor institutions motives hold for investing in non-OECD countries (Kolstad ...
... technology and in developing countries to access markets (Chang 2014). Disaggregation of Chinese OFDI also show that market seeking is the main motive for investing in OECD countries, whereas resource seeking and working in poor institutions motives hold for investing in non-OECD countries (Kolstad ...
Risk and Return: Extensions
... The expected rate of return on any efficient portfolio is equal to the riskfree rate plus a risk premium. The optimal portfolio for any investor is the point of tangency between the CML and the investor’s indifference curves. ...
... The expected rate of return on any efficient portfolio is equal to the riskfree rate plus a risk premium. The optimal portfolio for any investor is the point of tangency between the CML and the investor’s indifference curves. ...
Document
... Includes 33 countries representing more than 80 percent of the combined capitalization of these countries • Countries are grouped into three major regions:Asia/Pacific, Europe/Africa, and the Americas • Each country’s index is calculated in its own currency as well as in the U.S. dollar ...
... Includes 33 countries representing more than 80 percent of the combined capitalization of these countries • Countries are grouped into three major regions:Asia/Pacific, Europe/Africa, and the Americas • Each country’s index is calculated in its own currency as well as in the U.S. dollar ...
Fixed Income in a Rising Rate Environment
... 3% for each 1% increase in interest rates. While duration estimates the response of a fixed-income investment to changes in interest rates, there are three very important assumptions to remember: 1. Assumes parallel shift in the yield curve Duration assumes that all interest rates across the length ...
... 3% for each 1% increase in interest rates. While duration estimates the response of a fixed-income investment to changes in interest rates, there are three very important assumptions to remember: 1. Assumes parallel shift in the yield curve Duration assumes that all interest rates across the length ...
a practical look at the exempt market dealer requirements +
... Annual financial statements • Must be prepared in accordance with GAAP (IFRS effective Jan 1/2011) • Standard audit opinion amended for non-consolidation if applicable • Warning! – To control costs assess if there is any requirement for audited consolidated financial statements ...
... Annual financial statements • Must be prepared in accordance with GAAP (IFRS effective Jan 1/2011) • Standard audit opinion amended for non-consolidation if applicable • Warning! – To control costs assess if there is any requirement for audited consolidated financial statements ...
8.5 Financial Measures 57. A firm earning a profit can increase its
... after imputed interest on the assets used has been deducted. DISCUSSION: Residual income is a significant refinement of the return on investment concept because it forces business unit managers to consider the opportunity cost of capital. The target rate is usually the weighted-average cost of capit ...
... after imputed interest on the assets used has been deducted. DISCUSSION: Residual income is a significant refinement of the return on investment concept because it forces business unit managers to consider the opportunity cost of capital. The target rate is usually the weighted-average cost of capit ...
The new revenue recognition standard - asset management
... management and other services to investment vehicles structured as companies, trusts or partnerships (such as hedge funds, private equity funds and open-ended investment companies), which invest in a variety of different products. While the legal forms of the arrangements vary, these vehicles genera ...
... management and other services to investment vehicles structured as companies, trusts or partnerships (such as hedge funds, private equity funds and open-ended investment companies), which invest in a variety of different products. While the legal forms of the arrangements vary, these vehicles genera ...
The Long-Term Case for Consumer Staples
... by many of the individual companies comprising the Consumer Staples sector, it should be noted that due diligence is recommended to avoid those that do not. Active management supported by a strong research effort can protect against owning those companies that are trapped in slow-growth categories, ...
... by many of the individual companies comprising the Consumer Staples sector, it should be noted that due diligence is recommended to avoid those that do not. Active management supported by a strong research effort can protect against owning those companies that are trapped in slow-growth categories, ...
SMITH GROUP LARGE CAP CORE GROWTH FUND Institutional
... Thereafter, the agreement may be terminated at any time upon 60 days’ written notice by the Trust’s Board of Trustees (the “Board”) or the Adviser, with the consent of the Board. ...
... Thereafter, the agreement may be terminated at any time upon 60 days’ written notice by the Trust’s Board of Trustees (the “Board”) or the Adviser, with the consent of the Board. ...
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.