Wescott: A History of Our Advice - Wescott Financial Advisory Group
... emphasis on diversified portfolios has dampened the impact of bubbles in real estate, the financial sector and commodities. We were cautious about the instability of the bond market, focused on short-term high quality bonds rather than stretching for yield, and this protected portfolios from losses ...
... emphasis on diversified portfolios has dampened the impact of bubbles in real estate, the financial sector and commodities. We were cautious about the instability of the bond market, focused on short-term high quality bonds rather than stretching for yield, and this protected portfolios from losses ...
Short- Sale Constraints and Dispersion of Opinion: Evidence from
... level of institutional holdings, such as mutual funds that typically do not have short positions (Nagel, 2005; Asquith et al., 2005). There are also a few studies that look at foreign markets where there is a list of firms, whose stocks are under regulatory short sale ban. The list is often revised ...
... level of institutional holdings, such as mutual funds that typically do not have short positions (Nagel, 2005; Asquith et al., 2005). There are also a few studies that look at foreign markets where there is a list of firms, whose stocks are under regulatory short sale ban. The list is often revised ...
clicking here
... When Urban Property Australia (UPA) and Situs RERC began to conduct research on the Australian commercial real estate market last year, a number of major global events had sent shock waves through the financial and capital markets. Since then, populist and protectionist sentiment have taken hold in ...
... When Urban Property Australia (UPA) and Situs RERC began to conduct research on the Australian commercial real estate market last year, a number of major global events had sent shock waves through the financial and capital markets. Since then, populist and protectionist sentiment have taken hold in ...
GDB Position paper to BCBS365_9.docx
... FMIs does not seem to be meaningful at all. In case applied to FMIs (e.g. for CCPs and / or CSDs with ancillary banking business being as legal entity in scope of the Basel rules), at least an adequate reflection of the dedicated business needs to be assured. Therefore we encourage the BCBS to fores ...
... FMIs does not seem to be meaningful at all. In case applied to FMIs (e.g. for CCPs and / or CSDs with ancillary banking business being as legal entity in scope of the Basel rules), at least an adequate reflection of the dedicated business needs to be assured. Therefore we encourage the BCBS to fores ...
Obtained a Dominant Market Share of Stock Market Transactions by
... 1, 2007, in order to continue its transformation into a comprehensive securities company. This merger will integrate online and face-to-face securities company infrastructures, where the objective will be the creation of a business model that we refer to as “Japan’s first truly integrated online and ...
... 1, 2007, in order to continue its transformation into a comprehensive securities company. This merger will integrate online and face-to-face securities company infrastructures, where the objective will be the creation of a business model that we refer to as “Japan’s first truly integrated online and ...
Investor Flows and Fragility in Corporate Bond Funds
... negative externalities on other investors who keep their money in the fund. This creates a firstmover advantage in the redemption decision, amplifying the flows out of illiquid funds following bad performance.3 Indeed, corporate bond funds tend to hold illiquid assets. Unlike equity, which typically ...
... negative externalities on other investors who keep their money in the fund. This creates a firstmover advantage in the redemption decision, amplifying the flows out of illiquid funds following bad performance.3 Indeed, corporate bond funds tend to hold illiquid assets. Unlike equity, which typically ...
Endogenous Credit Cycles
... two widely accepted empirical regularities: greater net worth of borrowers leads on average to greater investment, and net worth is pro-cyclical. My main result is that, despite the absence of exogenous shocks, the economy can exhibit fluctuations that are purely generated by changes in lending stan ...
... two widely accepted empirical regularities: greater net worth of borrowers leads on average to greater investment, and net worth is pro-cyclical. My main result is that, despite the absence of exogenous shocks, the economy can exhibit fluctuations that are purely generated by changes in lending stan ...
bcbs239 – the $8 billion game changer for financial institutions
... straightforward matter of adding together the smaller totals of its business units and regions, layer by layer. Most risk calculations, by contrast, are not additive. In the world of risk, the positive performance of investments in one portfolio are set off against negative performance in another. T ...
... straightforward matter of adding together the smaller totals of its business units and regions, layer by layer. Most risk calculations, by contrast, are not additive. In the world of risk, the positive performance of investments in one portfolio are set off against negative performance in another. T ...
Markowitz and the Expanding Definition of Risk: Applications of Multi
... Capital Asset Pricing Model (CAPM) held that investors are compensated for bearing not only total risk, but also rather market risk, or systematic risk, as measured by a stock’s beta. Investors are not compensated for bearing stock-specific risk, which can be diversified away in a portfolio context. ...
... Capital Asset Pricing Model (CAPM) held that investors are compensated for bearing not only total risk, but also rather market risk, or systematic risk, as measured by a stock’s beta. Investors are not compensated for bearing stock-specific risk, which can be diversified away in a portfolio context. ...
2015 Full Year Financial Report for Lend Lease Trust
... This can affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. The ...
... This can affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively. The ...
ec2 - Caritas University
... exchange performance on the economic growth of Nigeria. To accomplish these objectives, an econometric methodology was adopted as a tool for testing the stated hypothesis. The ordinary least square was chosen as the estimation tool because of the advantages it has over other estimation technique con ...
... exchange performance on the economic growth of Nigeria. To accomplish these objectives, an econometric methodology was adopted as a tool for testing the stated hypothesis. The ordinary least square was chosen as the estimation tool because of the advantages it has over other estimation technique con ...
NBER WORKING PAPER SERIES AGGREGATE CONSEQUENCES OF LIMITED CONTRACT ENFORCEABILITY Thomas Cooley
... contract has been signed, the entrepreneur has the ability to start a new investment project by entering into a new contractual relationship. Therefore, the value of repudiation is endogenous in our model and it depends on all the general equilibrium conditions. This is an important difference resp ...
... contract has been signed, the entrepreneur has the ability to start a new investment project by entering into a new contractual relationship. Therefore, the value of repudiation is endogenous in our model and it depends on all the general equilibrium conditions. This is an important difference resp ...
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... abandon the project. This may be interpreted as a bad signal concerning the quality in the market. Cornelli and Yosha (2003) show that the stage financing may induce a window dressing problem: the entrepreneur is tempted to announce a good short-term performance. Her aim is to reduce the probability ...
... abandon the project. This may be interpreted as a bad signal concerning the quality in the market. Cornelli and Yosha (2003) show that the stage financing may induce a window dressing problem: the entrepreneur is tempted to announce a good short-term performance. Her aim is to reduce the probability ...
Property Watch Q4 2015
... There was strong activity in the Dublin office market in 2015 as take-up reached its highest level since 2007. As a result, rents in Dublin came under pressure, with all agents reporting double-digit growth in prime rents over the year. Similarly take-up in the Dublin industrial market reached its hi ...
... There was strong activity in the Dublin office market in 2015 as take-up reached its highest level since 2007. As a result, rents in Dublin came under pressure, with all agents reporting double-digit growth in prime rents over the year. Similarly take-up in the Dublin industrial market reached its hi ...
Will high-tech CFOs adapt to slower growth
... Much as product developers and marketers segment a customer base, the CFO should work with the investor relations team to segment the universe of potential investors. The company can then identify those groups whose interests closely match its value proposition and develop plans to attract others as ...
... Much as product developers and marketers segment a customer base, the CFO should work with the investor relations team to segment the universe of potential investors. The company can then identify those groups whose interests closely match its value proposition and develop plans to attract others as ...
Structured Reinsurance - National Association of Insurance
... Allows for more accurate determination of limit to be purchased due to reduced volatility i.e. portfolio effect works for the customer Removes uncertainty from planning process since limit is guaranteed Tailored to customer’s business, including “difficult to protect risks” ...
... Allows for more accurate determination of limit to be purchased due to reduced volatility i.e. portfolio effect works for the customer Removes uncertainty from planning process since limit is guaranteed Tailored to customer’s business, including “difficult to protect risks” ...
The Term Structure of the Risk-Return Tradeoff
... unconditional means of the variables implied by the VAR coefficient estimates equal their full-sample arithmetic counterparts.6 The bottom section of each panel shows the covariance structure of the innovations in the VAR system. The entries above the main diagonal are correlation statistics, and th ...
... unconditional means of the variables implied by the VAR coefficient estimates equal their full-sample arithmetic counterparts.6 The bottom section of each panel shows the covariance structure of the innovations in the VAR system. The entries above the main diagonal are correlation statistics, and th ...
uba capital plc - The Nigerian Stock Exchange
... in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions. Fair value under IFRS 13 is an exit price regardless of whether that price is directly observable or estimated using another valuation technique. Also, IFRS 13 includes e ...
... in an orderly transaction in the principal (or most advantageous) market at the measurement date under current market conditions. Fair value under IFRS 13 is an exit price regardless of whether that price is directly observable or estimated using another valuation technique. Also, IFRS 13 includes e ...
Accounting Characteristics and Performance of the Thai Value and
... million baht in 2012, whereas the selling volume increases from 313,825.7 million baht to 1,875,309 million baht during the same period. It is interesting to see whether the investors can generalize the empirical evidence in the developed capital market to help them make good investment decisions in ...
... million baht in 2012, whereas the selling volume increases from 313,825.7 million baht to 1,875,309 million baht during the same period. It is interesting to see whether the investors can generalize the empirical evidence in the developed capital market to help them make good investment decisions in ...
solvency and financial condition report for the year ended 31
... The majority of the insurance business underwritten by the Company is of a short tail nature, however, a proportion of claims take longer to settle completely. The Company’s material underwriting risk exposures relate to pricing risk and reserving risk on the motor insurance products underwritten. M ...
... The majority of the insurance business underwritten by the Company is of a short tail nature, however, a proportion of claims take longer to settle completely. The Company’s material underwriting risk exposures relate to pricing risk and reserving risk on the motor insurance products underwritten. M ...
Official PDF , 146 pages
... o f 2004 GDP in a conservative reserve/price scenario, to above 50 percent o f 2005 GDP in more favorable scenarios. -but the main challenge for Libya is to promote growth of the non-oil sector, and spur diversification of its economy. Growth o f about 6.5 percent in the non-oil sector would be need ...
... o f 2004 GDP in a conservative reserve/price scenario, to above 50 percent o f 2005 GDP in more favorable scenarios. -but the main challenge for Libya is to promote growth of the non-oil sector, and spur diversification of its economy. Growth o f about 6.5 percent in the non-oil sector would be need ...
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.