Atlantia Low risk, high return
... end-2008 for Autostrade per l’Italia or ASPI, representing ca. 90% of Atlantia Group’s revenues and EBITDA) of the first update of the relevant concessionaire’s financial plan, or, upon the first periodical revision of the concession contract subsequent to the entry into force of the new legislation ...
... end-2008 for Autostrade per l’Italia or ASPI, representing ca. 90% of Atlantia Group’s revenues and EBITDA) of the first update of the relevant concessionaire’s financial plan, or, upon the first periodical revision of the concession contract subsequent to the entry into force of the new legislation ...
Impact of Foreign Institutional Investors
... Saha, Malayendu. (2009)6, investigated the participation of foreign institutional investors and the other financial institutions in India and the performance of the Indian stock markets and she concluded that Indian stock market is regarded at par with the developed markets Moreover, it had a very u ...
... Saha, Malayendu. (2009)6, investigated the participation of foreign institutional investors and the other financial institutions in India and the performance of the Indian stock markets and she concluded that Indian stock market is regarded at par with the developed markets Moreover, it had a very u ...
Alternative Investment Funds 2015 - Skadden, Arps, Slate, Meagher
... million in aggregate assets under management that are attributable to clients in the United States and investors in the United States in private funds advised by the investment adviser; and (iv) neither hold itself out generally to the public in the United States as an investment adviser nor act as ...
... million in aggregate assets under management that are attributable to clients in the United States and investors in the United States in private funds advised by the investment adviser; and (iv) neither hold itself out generally to the public in the United States as an investment adviser nor act as ...
The Law on Investment Entities
... investment schemes which compares and contrasts the unit trust and the oeic. The conclusion of that analysis is that the oeic bears some resemblance to the trust in that, exceptionally for a company, the participants have rights in the scheme property on Saunders v. Vautier principles. Similarly, th ...
... investment schemes which compares and contrasts the unit trust and the oeic. The conclusion of that analysis is that the oeic bears some resemblance to the trust in that, exceptionally for a company, the participants have rights in the scheme property on Saunders v. Vautier principles. Similarly, th ...
Investment Preferences and Patient Capital: Financing, Governance
... enables long-term business operations and provides them liquidity often, but not exclusively, through corporate bonds and loans (Estevez-Abe, 2001). Economically targeted investment consists of instruments directly seeking to produce dynamic economic effects that facilitate longer-term investment re ...
... enables long-term business operations and provides them liquidity often, but not exclusively, through corporate bonds and loans (Estevez-Abe, 2001). Economically targeted investment consists of instruments directly seeking to produce dynamic economic effects that facilitate longer-term investment re ...
Institutional Investors as Blockholders
... and its maintenance over time. Maintenance is required because the ownership equilibrium, once achieved, does not remain in a static state but, rather, it is a dynamic process that exhibits deviations from, and restoration to, the state. In this dynamic process, market mechanisms such as corporate c ...
... and its maintenance over time. Maintenance is required because the ownership equilibrium, once achieved, does not remain in a static state but, rather, it is a dynamic process that exhibits deviations from, and restoration to, the state. In this dynamic process, market mechanisms such as corporate c ...
Short Guide to Impact Investing
... Certainly, large public companies generate both negative and positive impacts, and it’s possible to steer portfolios away from the former and toward the latter. But the influence of impact investments is generally more directly felt in private companies, and we will focus on small and emerging compa ...
... Certainly, large public companies generate both negative and positive impacts, and it’s possible to steer portfolios away from the former and toward the latter. But the influence of impact investments is generally more directly felt in private companies, and we will focus on small and emerging compa ...
Investor Scale and Performance in Private Equity Investments
... Our knowledge of the economics of private equity (PE) is based in large part on studies of limited partner (LP) investments of a typical investor in a private equity fund (e.g. Metrick and Yasuda (2007)). There are good reasons to go beyond such data to assess PE attractiveness for investors. Many ...
... Our knowledge of the economics of private equity (PE) is based in large part on studies of limited partner (LP) investments of a typical investor in a private equity fund (e.g. Metrick and Yasuda (2007)). There are good reasons to go beyond such data to assess PE attractiveness for investors. Many ...
Monetta Young Investor Fund
... The Young Investor Fund’s distributions are taxable, and will be taxed as ordinary income or capital gains, unless you are investing through a tax-exempt, tax-advantaged, or tax-deferred arrangement, such as a 401(k) plan, 529 plan or IRA. Distributions on investments made through such accounts may ...
... The Young Investor Fund’s distributions are taxable, and will be taxed as ordinary income or capital gains, unless you are investing through a tax-exempt, tax-advantaged, or tax-deferred arrangement, such as a 401(k) plan, 529 plan or IRA. Distributions on investments made through such accounts may ...
Does direct foreign investment affect domestic firms
... between investment and measures of internal (cash flow) or external (debt) funds, after controlling for other factors, to identify credit constraints. If there were no capital market imperfections, then a firm’s financial structure should have no impact on investment. Typically, as a test of the ap ...
... between investment and measures of internal (cash flow) or external (debt) funds, after controlling for other factors, to identify credit constraints. If there were no capital market imperfections, then a firm’s financial structure should have no impact on investment. Typically, as a test of the ap ...
Private Equity Portfolio Company fees
... these fees and assess conditions under which these contracts may or may not be optimal, and the main motivation for using them ...
... these fees and assess conditions under which these contracts may or may not be optimal, and the main motivation for using them ...
A Proposal to Limit the Anti-Competitive Power of Institutional Investors
... The individual final owner need not pick stocks, nor pay someone else to pick stocks, but rather invests in the whole market and enjoys diversification and low costs. “Institutional investors,” as we use the term, include mutual funds, asset managers, and other firms that buy and hold equity in othe ...
... The individual final owner need not pick stocks, nor pay someone else to pick stocks, but rather invests in the whole market and enjoys diversification and low costs. “Institutional investors,” as we use the term, include mutual funds, asset managers, and other firms that buy and hold equity in othe ...
Diasporas: Exploring their Development Potential
... inspire them to seek ways to contribute to the development of their countries-of-origin. Some join diaspora advocacy groups, lobbying the governments of their countries-of-residence on behalf of development issues in their countries-of-origin. Other diasporans strive to enhance the development of th ...
... inspire them to seek ways to contribute to the development of their countries-of-origin. Some join diaspora advocacy groups, lobbying the governments of their countries-of-residence on behalf of development issues in their countries-of-origin. Other diasporans strive to enhance the development of th ...
Not so Great Expectations: A Model of Growth and Informational Frictions
... prices, which aggregate private information dispersed among households, and real signals from production to form their expectations about the underlying state of the economy when making investment decisions. This introduces a channel for …nancial market shocks to feed into real activity by distortin ...
... prices, which aggregate private information dispersed among households, and real signals from production to form their expectations about the underlying state of the economy when making investment decisions. This introduces a channel for …nancial market shocks to feed into real activity by distortin ...
Capital Structure and the Corporation`s Product Market Environment
... It is difficult to know exactly where these preferences arise. Corporations like IBM and Polaroid with profitable market positions and high levels of investment in research and product development appear to shy away from debt except when financial resource constraints require it. Even then, equityfi ...
... It is difficult to know exactly where these preferences arise. Corporations like IBM and Polaroid with profitable market positions and high levels of investment in research and product development appear to shy away from debt except when financial resource constraints require it. Even then, equityfi ...
Investment Protection and Investor-to
... including those of the state) Making the arbitration system more transparent: documents available to the public, access to hearings and allow interested parties (e.g. NGOs) to make submissions Dealing with conflicts of interests and consistency of arbitral awards (e.g. introduction of a binding ...
... including those of the state) Making the arbitration system more transparent: documents available to the public, access to hearings and allow interested parties (e.g. NGOs) to make submissions Dealing with conflicts of interests and consistency of arbitral awards (e.g. introduction of a binding ...
INVESTMENT-CASH FLOW SENSITIVITY IN SMALL AND MEDIUM
... those suffering most from the inability to obtain external funding would then approach VC. In this line, we also anticipate that the investment-cash flow sensitivity should be greater in firms that later receive VC in the period prior to the entry of the venture capitalist. Therefore, our second hyp ...
... those suffering most from the inability to obtain external funding would then approach VC. In this line, we also anticipate that the investment-cash flow sensitivity should be greater in firms that later receive VC in the period prior to the entry of the venture capitalist. Therefore, our second hyp ...
diversified growth funds - Pensions and Lifetime Savings Association
... of DGF Funds. For example, some asset managers have launched Emerging Markets focused DGFs which allocate to Emerging Market Equity (global, local and single country), Emerging Markets Debt and Frontier Markets Equity funds. The objective of these funds remains equity or growth-like returns using th ...
... of DGF Funds. For example, some asset managers have launched Emerging Markets focused DGFs which allocate to Emerging Market Equity (global, local and single country), Emerging Markets Debt and Frontier Markets Equity funds. The objective of these funds remains equity or growth-like returns using th ...
the fragile capital structure of hedge funds and the
... have the right to redeem their investment at an intermediate date, T1 . We assume that the total amount of assets under management of the fund at T0 is 1, that there is a continuum of investors with measure 1, and each investor contributes 1 unit of capital. We model the liquidity risk of the hedge ...
... have the right to redeem their investment at an intermediate date, T1 . We assume that the total amount of assets under management of the fund at T0 is 1, that there is a continuum of investors with measure 1, and each investor contributes 1 unit of capital. We model the liquidity risk of the hedge ...
developing expected return and risk assumptions
... A key tenet underpinning the strategic allocation decision-making process is that diversification across major strategic asset classes (asset classes with exposure to distinct compensated risk factors) can enhance a portfolio’s risk-adjusted returns. As a result, within our modeling process, we deve ...
... A key tenet underpinning the strategic allocation decision-making process is that diversification across major strategic asset classes (asset classes with exposure to distinct compensated risk factors) can enhance a portfolio’s risk-adjusted returns. As a result, within our modeling process, we deve ...
The Canadian Fixed Income Market Report
... secondary market in 2014, most of this activity was concentrated among a few large issuers and institutions. Governments (federal, provincial and municipal) accounted for approximately half of the bonds outstanding, over 60% of the bonds issued domestically in 2014 and over 90% of the value traded. ...
... secondary market in 2014, most of this activity was concentrated among a few large issuers and institutions. Governments (federal, provincial and municipal) accounted for approximately half of the bonds outstanding, over 60% of the bonds issued domestically in 2014 and over 90% of the value traded. ...
Are abnormal buy and holding returns in mergers subject to value
... This thesis will analyze various variables in order to test for the possible reasons for postmerger abnormal stock returns. The second purpose of this paper is to determine what factors (deal characteristics and financial ratios) influence the abnormal returns of an M&A deal. In this study we will r ...
... This thesis will analyze various variables in order to test for the possible reasons for postmerger abnormal stock returns. The second purpose of this paper is to determine what factors (deal characteristics and financial ratios) influence the abnormal returns of an M&A deal. In this study we will r ...
The real impacts of financial constraints. An investigation using
... past few decades, but the 2008 financial crisis has at once renewed and deepened interest in the subject matter. The crisis itself caused the failure of several major U.S. banks and numerous smaller financial institutions. “These huge losses have resulted in an increased interest in risk management ...
... past few decades, but the 2008 financial crisis has at once renewed and deepened interest in the subject matter. The crisis itself caused the failure of several major U.S. banks and numerous smaller financial institutions. “These huge losses have resulted in an increased interest in risk management ...
Evaluating the Riskiness of Initial Public Offerings: 1980-2000
... of the issuer compared to a size and book-to-market nonissuing control firm. Our event-time analysis shows that in the 1990s shareholders of IPOs faced greater risk than during the decade of the 1980s. On a scale of zero to one, we estimate that the relative market risk of the average IPO rose from ...
... of the issuer compared to a size and book-to-market nonissuing control firm. Our event-time analysis shows that in the 1990s shareholders of IPOs faced greater risk than during the decade of the 1980s. On a scale of zero to one, we estimate that the relative market risk of the average IPO rose from ...
Private equity in the 2000s
Private equity in the 2000s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.The development of the private equity and venture capital asset classes has occurred through a series of boom and bust cycles since the middle of the 20th century. As the 20th century ended, so, too, did the dot-com bubble and the tremendous growth in venture capital that had marked the previous five years. In the wake of the collapse of the dot-com bubble, a new ""Golden Age"" of private equity ensued, as leveraged buyouts reach unparalleled size and the private equity firms achieved new levels of scale and institutionalization, exemplified by the initial public offering of the Blackstone Group in 2007.