inland western - AnnualReports.com
... This Annual Report and the Letter to Stockholders contain “forward-looking statements”. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future and are typica ...
... This Annual Report and the Letter to Stockholders contain “forward-looking statements”. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future and are typica ...
Behavioral Portfolio Theory
... argument seems to imply that all optimal safety-first portfolios lie on the meanvariance frontier. However, we argue that this is not the case. In general, optimal safety-first portfolios are not mean-variance efficient. Elton and Gruber (1995) discuss two generalizations of safety-first, one by Kat ...
... argument seems to imply that all optimal safety-first portfolios lie on the meanvariance frontier. However, we argue that this is not the case. In general, optimal safety-first portfolios are not mean-variance efficient. Elton and Gruber (1995) discuss two generalizations of safety-first, one by Kat ...
Variety... the essence of life
... The proposed Resolution 8, if passed, will give the Directors of the Company, the authority to allot and issue ordinary shares of the Company up to an amount not exceeding 10% of the Company’s total issued share capital for such purposes as the Directors in their absolute discretion consider to be i ...
... The proposed Resolution 8, if passed, will give the Directors of the Company, the authority to allot and issue ordinary shares of the Company up to an amount not exceeding 10% of the Company’s total issued share capital for such purposes as the Directors in their absolute discretion consider to be i ...
Christian Bros. High School Endowment v. Bayou No Leverage
... 548(c) of the Bankruptcy Code, which the lower court conceded “may be thought to differ in some respects from the case law.” Bayou III, 396 B.R. at 847. In contrast to the vast weight of authority holding that a transferee is put on “inquiry notice” only upon receiving information indicating that th ...
... 548(c) of the Bankruptcy Code, which the lower court conceded “may be thought to differ in some respects from the case law.” Bayou III, 396 B.R. at 847. In contrast to the vast weight of authority holding that a transferee is put on “inquiry notice” only upon receiving information indicating that th ...
Negotiating an Equity Capital Infusion from Outside Investors
... that is seeking outside capital for the first time, it may take as long as six months or more to complete the process. Investors will typically conduct a thorough due diligence investigation of the financial, operational, and legal affairs of the MFI before definitively committing capital. The prima ...
... that is seeking outside capital for the first time, it may take as long as six months or more to complete the process. Investors will typically conduct a thorough due diligence investigation of the financial, operational, and legal affairs of the MFI before definitively committing capital. The prima ...
Regulatory Capital Requirements for Microinsurance in the
... vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some life insurers had written industrial business. They no longer do so, reportedly ...
... vehicle insurance. Distribution is often through cooperatives, MBAs or rural banks. Agents are seldom involved in individual sales because the small commissions that would be generated are unattractive. In the past, some life insurers had written industrial business. They no longer do so, reportedly ...
Annual Report 2010
... for high-quality paper such as that provided by Billerud. With our focus on product development and sustainability, we are extremely well positioned in this area. Fluting is another area that has been somewhat underrated in the packaging industry. Once again, we have shown that, through product deve ...
... for high-quality paper such as that provided by Billerud. With our focus on product development and sustainability, we are extremely well positioned in this area. Fluting is another area that has been somewhat underrated in the packaging industry. Once again, we have shown that, through product deve ...
On Path–dependency of Constant Proportion Portfolio
... paper CPPI 1 is, thus, a naive portfolio insurance strategies one should always keep in mind as feasible and that requires no management whatsoever. A second naive strategy is, of course, the well-known Stop-loss Portfolio Insurance (SLPI), that consist in investing at inception 100% in the risky as ...
... paper CPPI 1 is, thus, a naive portfolio insurance strategies one should always keep in mind as feasible and that requires no management whatsoever. A second naive strategy is, of course, the well-known Stop-loss Portfolio Insurance (SLPI), that consist in investing at inception 100% in the risky as ...
Are abnormal buy and holding returns in mergers subject to value
... in two ways. The first approach is to measure whether changes in intrinsic value for the combined firms are seen after the merger as compared to both of the firms individually combined before the merger. The second approach is to measure stock returns surrounding announcement dates and the change of ...
... in two ways. The first approach is to measure whether changes in intrinsic value for the combined firms are seen after the merger as compared to both of the firms individually combined before the merger. The second approach is to measure stock returns surrounding announcement dates and the change of ...
Investor Sentiment and Beta Pricing
... extreme form of overconfidence is that agents’ trade on pure noise due to their belief that they are trading on fundamentals. Such trading by unsophisticated investors may also be more prevalent during optimistic periods than pessimistic ones, indicating that rational pricing would be more evident d ...
... extreme form of overconfidence is that agents’ trade on pure noise due to their belief that they are trading on fundamentals. Such trading by unsophisticated investors may also be more prevalent during optimistic periods than pessimistic ones, indicating that rational pricing would be more evident d ...
Noah Holdings Ltd (Form: 20-F, Received: 04/27
... The following selected consolidated financial information for the periods and as of the dates indicated should be read in conjunction with our consolidated financial statements and related notes and “Item 5. Operating and Financial Review and Prospects” in this annual report. Our selected consolidat ...
... The following selected consolidated financial information for the periods and as of the dates indicated should be read in conjunction with our consolidated financial statements and related notes and “Item 5. Operating and Financial Review and Prospects” in this annual report. Our selected consolidat ...
threadneedle investment funds icvc - Columbia Threadneedle Investments
... Underwriting commission is recognised when the issue takes place, except where the fund is required to take up all or some of the shares underwritten, in which case an appropriate proportion of the commission is deducted from the cost of those shares. Underwriting commission is treated as revenu ...
... Underwriting commission is recognised when the issue takes place, except where the fund is required to take up all or some of the shares underwritten, in which case an appropriate proportion of the commission is deducted from the cost of those shares. Underwriting commission is treated as revenu ...
Raising Capital- Get the Money You Need To Grow Your Business
... reward, control, and capital. You and your source of venture funds will each have your own ideas as to how these factors should be weighted and balanced, as shown in Figure 1-1. Once a meeting of the minds takes place on these key elements, you’ll be able to do the deal. Risk. The venture investors ...
... reward, control, and capital. You and your source of venture funds will each have your own ideas as to how these factors should be weighted and balanced, as shown in Figure 1-1. Once a meeting of the minds takes place on these key elements, you’ll be able to do the deal. Risk. The venture investors ...
Sowing the Seeds of Financial Crises
... come from, how does it relate to the underlying state of the economy, and how does it interact with other sources of liquidity? These are the questions I seek to explore in this paper. Safety refers to a characteristic of assets that are perceived as high quality, have an active (liquid) market, and ...
... come from, how does it relate to the underlying state of the economy, and how does it interact with other sources of liquidity? These are the questions I seek to explore in this paper. Safety refers to a characteristic of assets that are perceived as high quality, have an active (liquid) market, and ...
Entrepreneurial Valuation Techniques
... venture capitalist. Not only does it sound great at parties, but you are expected to fail 90% of the time. I mean no disrespect to venture capitalists when I say this, but a hamster could make those kinds of numbers. It’s good work if you can get it.” Scott Adams (Dilbert Creator) ...
... venture capitalist. Not only does it sound great at parties, but you are expected to fail 90% of the time. I mean no disrespect to venture capitalists when I say this, but a hamster could make those kinds of numbers. It’s good work if you can get it.” Scott Adams (Dilbert Creator) ...
MOF Risk Model for Operations
... perform a subset of those tasks: Everyone will help identify new risks, but perhaps only one or two people will be responsible for estimating probability or making plans to minimize impact. Treat risk identification positively. For risk management to succeed, team members must be willing to identi ...
... perform a subset of those tasks: Everyone will help identify new risks, but perhaps only one or two people will be responsible for estimating probability or making plans to minimize impact. Treat risk identification positively. For risk management to succeed, team members must be willing to identi ...
measuring and rewarding performance: theory and evidence
... while theory dictates that investment decisions should be made on the basis of discounted cash flows and the net present value rule, in theory it offers little direct guidance on how to measure and reward managerial performance; »» An effective performance measure should capture whether management ...
... while theory dictates that investment decisions should be made on the basis of discounted cash flows and the net present value rule, in theory it offers little direct guidance on how to measure and reward managerial performance; »» An effective performance measure should capture whether management ...
Changes in Ownership Structure
... cash flow and the potential that these resources may be misdirected increase agency problems inherent in the diffusely owned firm. Mayers and Smith (1981) and Wells, Cox, and Gaver (1995) argued that the relative level of free cash flow, and hence the corresponding agency costs associated with free ...
... cash flow and the potential that these resources may be misdirected increase agency problems inherent in the diffusely owned firm. Mayers and Smith (1981) and Wells, Cox, and Gaver (1995) argued that the relative level of free cash flow, and hence the corresponding agency costs associated with free ...
Using out-of-sample errors in portfolio optimization
... risk and expected return of a set of stocks. He estimates in a historical sample the betas of each stock with respect to each factor, their alphas and the correlation of residuals between all stocks in the universe. But as the figure shows all of these inputs regress considerably to the mean in the ...
... risk and expected return of a set of stocks. He estimates in a historical sample the betas of each stock with respect to each factor, their alphas and the correlation of residuals between all stocks in the universe. But as the figure shows all of these inputs regress considerably to the mean in the ...
STRATEGIC REPORT - Highlights Financial highlights
... Real time access to these metrics gives us a unique view of changes in a market where most other reported data is available months after changes take place when it is too late to act. This is key for our customers including our lender customers, where effective risk management can be supported using ...
... Real time access to these metrics gives us a unique view of changes in a market where most other reported data is available months after changes take place when it is too late to act. This is key for our customers including our lender customers, where effective risk management can be supported using ...
PROFILE OF KEY SENIOR MANAGEMENT
... subsidiary of F&NHB, on 1 July 2013. He has more than 36 years of working experience in the industry of FMCG and had held various senior positions in companies such as Warner-Lambert Co. Ltd, Thai-Scott Paper Co. Ltd, Berli Jucker Public Company Limited and TCC Land Industrial and Logistics. Prior t ...
... subsidiary of F&NHB, on 1 July 2013. He has more than 36 years of working experience in the industry of FMCG and had held various senior positions in companies such as Warner-Lambert Co. Ltd, Thai-Scott Paper Co. Ltd, Berli Jucker Public Company Limited and TCC Land Industrial and Logistics. Prior t ...
Balance of Payments and International Investment Position
... addressed the important area of international investment position statistics. The sixth edition builds on the growing interest in examining vulnerabilities using balance sheet data, as reflected in the addition of international investment position to the title, and extensive elaboration of balance s ...
... addressed the important area of international investment position statistics. The sixth edition builds on the growing interest in examining vulnerabilities using balance sheet data, as reflected in the addition of international investment position to the title, and extensive elaboration of balance s ...
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.