The Role of Positions and Activities In Derivative Pricing A
... VIX futures is not only the most actively traded vol derivatives on the most active index (hence economically significant), but it is also the hub of many connections, and thus the perfect test bed for demand and pricing propagations. The term structure: Hedging a futures contracts with a nearby fut ...
... VIX futures is not only the most actively traded vol derivatives on the most active index (hence economically significant), but it is also the hub of many connections, and thus the perfect test bed for demand and pricing propagations. The term structure: Hedging a futures contracts with a nearby fut ...
What is a Systemically Important Financial Institution?
... a principal components analysis becomes concentrated in a single factor. A modification of this approach by Reyngold, Shnyra, and Stein (2013) denoted Credit Absorption Ratio (CAR) extends AR to default risk data. And Carciente, Kenett, Avakia, Stanley, and Havlin (2015) undertake systemic stress te ...
... a principal components analysis becomes concentrated in a single factor. A modification of this approach by Reyngold, Shnyra, and Stein (2013) denoted Credit Absorption Ratio (CAR) extends AR to default risk data. And Carciente, Kenett, Avakia, Stanley, and Havlin (2015) undertake systemic stress te ...
The properties of hedge fund investors* actual returns
... over time. However, investors’ actual returns are determined not only by the returns they earn but also by the amount of invested capital which changes with capital flows from and into the investment. Hedge funds provide an instructive example, where the typical fund has been a large net recipient o ...
... over time. However, investors’ actual returns are determined not only by the returns they earn but also by the amount of invested capital which changes with capital flows from and into the investment. Hedge funds provide an instructive example, where the typical fund has been a large net recipient o ...
Benefits of Private Equity for the European Economy
... ambitions to become the largest player within a certain industry only in their home country. Nowadays that thinking has shifted more towards becoming the largest player within a certain industry, regardless of geography. This enlarges the outlook and market opportunities of companies from one to man ...
... ambitions to become the largest player within a certain industry only in their home country. Nowadays that thinking has shifted more towards becoming the largest player within a certain industry, regardless of geography. This enlarges the outlook and market opportunities of companies from one to man ...
Ch10std
... between risk and return so we can determine appropriate risk-adjusted discount rates for our NPV analysis. At least as important, the relation between risk and return is useful for investors (who buy securities), corporations (that sell securities to finance themselves), and for financial intermed ...
... between risk and return so we can determine appropriate risk-adjusted discount rates for our NPV analysis. At least as important, the relation between risk and return is useful for investors (who buy securities), corporations (that sell securities to finance themselves), and for financial intermed ...
Management Presentation / J.P. Morgan Global TMT Conference / 17-18...
... 99 Wuxian makes no representations or warranties, express or implied, or provides any guarantees regarding the likely investment returns, the performance of CDI’s in 99 Wuxian, the suitability of CDI’s for any investor, any particular tax treatment or the accuracy, completeness or adequacy of inform ...
... 99 Wuxian makes no representations or warranties, express or implied, or provides any guarantees regarding the likely investment returns, the performance of CDI’s in 99 Wuxian, the suitability of CDI’s for any investor, any particular tax treatment or the accuracy, completeness or adequacy of inform ...
Zvi NBER WORKING PAPER SERIES
... Some of the major findings are: 1) Bills are the cornerstone of any low—risk investment strategy. The minimum—risk portfolio has a mean real rate of return of zero and a standard deviation of about 1%. The slope of the tradeoff curve is initially 1, but it declines rapidly as one progresses ...
... Some of the major findings are: 1) Bills are the cornerstone of any low—risk investment strategy. The minimum—risk portfolio has a mean real rate of return of zero and a standard deviation of about 1%. The slope of the tradeoff curve is initially 1, but it declines rapidly as one progresses ...
PDF
... crops delivered. The management of marketing functions was separated from the overall management of the cooperative, while still assuring that annual crop production plans fit with marketing plans for the associated products. With a variety of commodities and a heterogeneous membership, a single, mu ...
... crops delivered. The management of marketing functions was separated from the overall management of the cooperative, while still assuring that annual crop production plans fit with marketing plans for the associated products. With a variety of commodities and a heterogeneous membership, a single, mu ...
Glossary of Local Government Financial Terms
... main groups of local authority services incurring capital expenditure (Education, Transport, Personal Social Services, Housing and Other Services). ACGs are the government's measure of local authority need to incur capital expenditure and represent the sum of an authority's basic credit approval les ...
... main groups of local authority services incurring capital expenditure (Education, Transport, Personal Social Services, Housing and Other Services). ACGs are the government's measure of local authority need to incur capital expenditure and represent the sum of an authority's basic credit approval les ...
Structured Bonds and Greek Demons Is the attack
... classes. By buying these bonds, investors access markets traditionally reserved for investment banks and sophisticated funds. Investors are exposed to risks and returns normally prohibitive to them for various reasons such as lack of financial expertise, size, regulatory constraints, etc. SBs are fl ...
... classes. By buying these bonds, investors access markets traditionally reserved for investment banks and sophisticated funds. Investors are exposed to risks and returns normally prohibitive to them for various reasons such as lack of financial expertise, size, regulatory constraints, etc. SBs are fl ...
consolidated statement of financial position as at 31 march 2011
... On completion of construction of the Delhi Noida Toll Bridge (6 February 2001), the rights under the Concession Agreement have been recognized as an intangible asset, received in exchange for the construction services provided. Construction costs include besides others, expenditure incurred and prov ...
... On completion of construction of the Delhi Noida Toll Bridge (6 February 2001), the rights under the Concession Agreement have been recognized as an intangible asset, received in exchange for the construction services provided. Construction costs include besides others, expenditure incurred and prov ...
Accounting vs. Market-based Measures of Firm Performance
... required to disclose in their financial statements several figures such as the chairman’s statement; directors’ report; profit and loss account; balance sheet; cash flow statement; notes to the accounts; and auditors’ report. In addition, analysts use a well-known technique in analyzing the figures ...
... required to disclose in their financial statements several figures such as the chairman’s statement; directors’ report; profit and loss account; balance sheet; cash flow statement; notes to the accounts; and auditors’ report. In addition, analysts use a well-known technique in analyzing the figures ...
Management & Engineering Study on Non-financial Value of Tourism Listed Companies
... content and features. Tourism listed company has a special tourism product, its core competence does not mean that the core technology, in addition to tourism company owned by the geographical resources, the more the company culture, marketing and service aspects of the unique advantages. The operat ...
... content and features. Tourism listed company has a special tourism product, its core competence does not mean that the core technology, in addition to tourism company owned by the geographical resources, the more the company culture, marketing and service aspects of the unique advantages. The operat ...
doc - CSUSAP - Charles Sturt University
... access to all future capital, as in Eaton and Gersovitz (1981), Sachs (1984) and Cole and English (1991). If the loss of access to future capital is only within the project, the project will display what is called the “obsolescing contract” feature from Vernon (1971), from Thomas and Worrall (1994) ...
... access to all future capital, as in Eaton and Gersovitz (1981), Sachs (1984) and Cole and English (1991). If the loss of access to future capital is only within the project, the project will display what is called the “obsolescing contract” feature from Vernon (1971), from Thomas and Worrall (1994) ...
Scottish Widows Life Funds Investor`s Guide
... SW LIFE FUNDS, MANAGED BY OTHER FUND MANAGERS For investors who aim to enhance returns by accessing a particular investment style, we offer a broad range of funds from well-established fund managers. These include balanced managed funds, for investors who may prefer a ready-made investment portfolio ...
... SW LIFE FUNDS, MANAGED BY OTHER FUND MANAGERS For investors who aim to enhance returns by accessing a particular investment style, we offer a broad range of funds from well-established fund managers. These include balanced managed funds, for investors who may prefer a ready-made investment portfolio ...
chapter one - McGraw Hill Higher Education
... Risk, of course is the chance of losing your money, of stock prices going down. Or, given that you can invest risk-free in a U.S. government bond, risk is the chance of earning less than the rate on these bonds. If you have taken an investment course, you will understand that one measure of risk is ...
... Risk, of course is the chance of losing your money, of stock prices going down. Or, given that you can invest risk-free in a U.S. government bond, risk is the chance of earning less than the rate on these bonds. If you have taken an investment course, you will understand that one measure of risk is ...
Asymmetric investment returns and the
... Here r is the average interest/dividend rate applying to foreign liabilities, which has averaged 1.3 percentage points below the rate of nominal GDP growth since 1990. On this basis, stabilising US NFLs at 50-60 per cent of GDP would require the primary deficit to fall to under 1 per cent of GDP, a ...
... Here r is the average interest/dividend rate applying to foreign liabilities, which has averaged 1.3 percentage points below the rate of nominal GDP growth since 1990. On this basis, stabilising US NFLs at 50-60 per cent of GDP would require the primary deficit to fall to under 1 per cent of GDP, a ...
Capacity market design policies - E
... revenues: Participation in capacity markets may, partly or fully, off-set the reduced congestion rent When investment in an interconnector is considered, there are two stages to the assessment: ...
... revenues: Participation in capacity markets may, partly or fully, off-set the reduced congestion rent When investment in an interconnector is considered, there are two stages to the assessment: ...
Cambiar Investors No Action Letter
... . we do not look only to the effect that they might have had on careful analytical persons. We look also to their possible impact on those unskilled and unsophisticated in investment matters,” particularly when the advertise‐ ments are designed to appeal to unsophisticated recipients). 7 Althoug ...
... . we do not look only to the effect that they might have had on careful analytical persons. We look also to their possible impact on those unskilled and unsophisticated in investment matters,” particularly when the advertise‐ ments are designed to appeal to unsophisticated recipients). 7 Althoug ...
Here
... $6.1B outstanding. We expect their debt levels to remain relatively flat, as they have multiple notes maturing during 2014 and 2015. We also do not believe the company will undertake any acquisitions, but will instead rely on organic sales growth, which they can safely fund through cash. If Colgate ...
... $6.1B outstanding. We expect their debt levels to remain relatively flat, as they have multiple notes maturing during 2014 and 2015. We also do not believe the company will undertake any acquisitions, but will instead rely on organic sales growth, which they can safely fund through cash. If Colgate ...
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.