Mezzanine Finance - NYU Stern School of Business
... 1) accounts receivable, inventories and fixed assets are being discounted at greater rates than in the past for fear that their values will not be realized in the future; 2) many balance sheets now contain significant intangible assets, and, 3) as a result of defaults and regulatory pressure, banks ...
... 1) accounts receivable, inventories and fixed assets are being discounted at greater rates than in the past for fear that their values will not be realized in the future; 2) many balance sheets now contain significant intangible assets, and, 3) as a result of defaults and regulatory pressure, banks ...
Financial integration and emerging markets capital
... H1a. The degree of credit market integration is positively associated with corporate leverage in emerging markets. H1b. The degree of equity market integration is negatively associated with corporate leverage in emerging markets. Regarding debt maturity, we argue that emerging market firms are likel ...
... H1a. The degree of credit market integration is positively associated with corporate leverage in emerging markets. H1b. The degree of equity market integration is negatively associated with corporate leverage in emerging markets. Regarding debt maturity, we argue that emerging market firms are likel ...
Our Beliefs About Investing
... Diversification is analogous simply to the age-old adage, “Don’t put all your eggs in one basket.” Naïve investors often practice diversification by selecting more than one financial advisor, and naïve financial advisors often practice diversification through product proliferation. At its core, dive ...
... Diversification is analogous simply to the age-old adage, “Don’t put all your eggs in one basket.” Naïve investors often practice diversification by selecting more than one financial advisor, and naïve financial advisors often practice diversification through product proliferation. At its core, dive ...
Flyer re x - AMP Capital
... It is our view that the focus of long-term investment drivers, through analysis of sustainable market drivers and focus on a company’s management of intangible assets, has added to investment returns even through the volatile equity market environment of the last six years. Since its inception in Ja ...
... It is our view that the focus of long-term investment drivers, through analysis of sustainable market drivers and focus on a company’s management of intangible assets, has added to investment returns even through the volatile equity market environment of the last six years. Since its inception in Ja ...
- Investment Management Association of
... investment funds until 2003. Banks have been allowed to distribute since the end of December 1998, and their market share has increased to 32.7% in 2005 from 26.7% in 2004. In particular, banks have played a major role in the sales boom of installment saving funds, especially from 2004, which has co ...
... investment funds until 2003. Banks have been allowed to distribute since the end of December 1998, and their market share has increased to 32.7% in 2005 from 26.7% in 2004. In particular, banks have played a major role in the sales boom of installment saving funds, especially from 2004, which has co ...
Materials
... The Medical Center operating expenditure budget is proposed to increase by $99.0 million, or 9.0%, to $1.2 billion during 2012-2013. The operating margin is expected to be $58.6 million or 4.7%. The budget presentation will include a proposal to increase hospital room rates and ancillary service cha ...
... The Medical Center operating expenditure budget is proposed to increase by $99.0 million, or 9.0%, to $1.2 billion during 2012-2013. The operating margin is expected to be $58.6 million or 4.7%. The budget presentation will include a proposal to increase hospital room rates and ancillary service cha ...
Vilar Gave Select Access to IPOs
... Mr. Vilar, whose lawyer has denied the allegations, and Mr. Tanaka, whose lawyer couldn't be reached, are scheduled to appear at bail hearings today. The SEC has reviewed Amerindo's IPO practices on several occasions over the years, say people familiar with the matter. The Amerindo IPO policies wer ...
... Mr. Vilar, whose lawyer has denied the allegations, and Mr. Tanaka, whose lawyer couldn't be reached, are scheduled to appear at bail hearings today. The SEC has reviewed Amerindo's IPO practices on several occasions over the years, say people familiar with the matter. The Amerindo IPO policies wer ...
ASSET CLASS SUB ASSET CLASS Equity Large-Cap Large
... Flexicap funds invest at least 65% of their total assets in Indian equities, and the balance can be invested in other asset classes such as fixed income, gold and overseas equities, among others. Funds in this category would invest not more than 65% of total assets in either large-cap stocks or smal ...
... Flexicap funds invest at least 65% of their total assets in Indian equities, and the balance can be invested in other asset classes such as fixed income, gold and overseas equities, among others. Funds in this category would invest not more than 65% of total assets in either large-cap stocks or smal ...
NBER WORKING PAPER SERIES FINANCIAL GLOBALIZATION, FINANCIAL CRISES, AND THE EXTERNAL
... even more, leaving them exposed to a greater risk of hitting the credit constraint. If this does happen, the classic Fisherian debt-de ation mechanism is set in motion and a full-blown nancial crisis follows. The crisis is characterized by a re-sale of equity and a sudden reversal in the debt pos ...
... even more, leaving them exposed to a greater risk of hitting the credit constraint. If this does happen, the classic Fisherian debt-de ation mechanism is set in motion and a full-blown nancial crisis follows. The crisis is characterized by a re-sale of equity and a sudden reversal in the debt pos ...
In the following paper, I will explore one vector of the financialization
... the EMH approach. If the EMH holds true, and asset prices accurately reflect all the available information, why, Grossman argues, should we expect investing agents to expend time, effort, and money actively trading in asset markets? That is to say, if the market is understood to be efficient, there ...
... the EMH approach. If the EMH holds true, and asset prices accurately reflect all the available information, why, Grossman argues, should we expect investing agents to expend time, effort, and money actively trading in asset markets? That is to say, if the market is understood to be efficient, there ...
MainStay Epoch Global Equity Yield SMA
... periods for which sufficient data is available, the profile shows a composite of client accounts managed by the investment manager in the Fiduciary Services program. Through June 2012, Morgan Stanley offered the Fiduciary Services program through two channels - the Morgan Stanley channel and the Smi ...
... periods for which sufficient data is available, the profile shows a composite of client accounts managed by the investment manager in the Fiduciary Services program. Through June 2012, Morgan Stanley offered the Fiduciary Services program through two channels - the Morgan Stanley channel and the Smi ...
Slide 1
... Intuitive result : at the limit, if the investors are “random”, almost no impact but if the investors are “shared” the risk is huge ...
... Intuitive result : at the limit, if the investors are “random”, almost no impact but if the investors are “shared” the risk is huge ...
Financial Ratios
... 1962-1963 The Minica Kei Car and the first family Colt car known as the Colt 1000 was produced. ...
... 1962-1963 The Minica Kei Car and the first family Colt car known as the Colt 1000 was produced. ...
Financial Intermediary Leverage and Value-at-Risk
... Mirrlees (1999), Holmstrom (1979) and Grossman and Hart (1983) have focused on eliciting the optimal level of effort given the tradeoff with risk-sharing. As such, a common approach has been to rely on the monotone likelihood ratio property (MLRP) where high effort is more likely to result in higher si ...
... Mirrlees (1999), Holmstrom (1979) and Grossman and Hart (1983) have focused on eliciting the optimal level of effort given the tradeoff with risk-sharing. As such, a common approach has been to rely on the monotone likelihood ratio property (MLRP) where high effort is more likely to result in higher si ...
Surdna Foundation Launches $100 Million Impact Investing Drive
... A recent commitment to a fund managed by venture firm DBL Partners gave Surdna confidence that funds aligned with its values did exist. The board carved out the $100 million to impact investing in 2015. Surdna’s new pool will be a test case for the value proposition of socially responsible investing ...
... A recent commitment to a fund managed by venture firm DBL Partners gave Surdna confidence that funds aligned with its values did exist. The board carved out the $100 million to impact investing in 2015. Surdna’s new pool will be a test case for the value proposition of socially responsible investing ...
Investment-Guidelines-First-Draft-Sep-08-2015
... b) Assure that such investments are adequately liquid to meet the operational needs of the CAC; c) Assure that an adequate system of internal control is maintained; and d) Assure that such investments produce a reasonable rate of return. The primary objectives of this portfolio are: (1) preservation ...
... b) Assure that such investments are adequately liquid to meet the operational needs of the CAC; c) Assure that an adequate system of internal control is maintained; and d) Assure that such investments produce a reasonable rate of return. The primary objectives of this portfolio are: (1) preservation ...
Strategic Value Dividend (MA) Select UMA
... from the performance shown in this profile. There is no guarantee that this investment strategy will work under all market conditions. Do not use this profile as the sole basis for your investment decisions. Performance results in this profile are calculated assuming reinvestment of dividends and in ...
... from the performance shown in this profile. There is no guarantee that this investment strategy will work under all market conditions. Do not use this profile as the sole basis for your investment decisions. Performance results in this profile are calculated assuming reinvestment of dividends and in ...
China opens up the securities investment fund
... (depending on whether the underlying vehicle is a partnership or a company), which will then seek opinions from the Shanghai Municipal Office of Financial Services. In practice, few such pilot qualifications have been issued, since the authorities have tended to take quite a restrictive approach to ...
... (depending on whether the underlying vehicle is a partnership or a company), which will then seek opinions from the Shanghai Municipal Office of Financial Services. In practice, few such pilot qualifications have been issued, since the authorities have tended to take quite a restrictive approach to ...
Global Market Outlook 2016: Trends in real estate private equity
... pool, investors can choose to invest in the more liquid open-ended market, where some managers have been building out and refining their portfolios of core assets over many years, sometimes decades. A closed-end fund does provide investors with stability (perceived lower volatility seen in publicly ...
... pool, investors can choose to invest in the more liquid open-ended market, where some managers have been building out and refining their portfolios of core assets over many years, sometimes decades. A closed-end fund does provide investors with stability (perceived lower volatility seen in publicly ...
NPL Panel presentation - Kamen
... efficient collection service and restructuring of debt, which can be particularly fruitful in the context of an economic recovery. Such transactions are often seen as a good stepping stone to new markets as investors can leverage on services provided by local collection agencies. Residential loans ...
... efficient collection service and restructuring of debt, which can be particularly fruitful in the context of an economic recovery. Such transactions are often seen as a good stepping stone to new markets as investors can leverage on services provided by local collection agencies. Residential loans ...
Capillary-Series-B-Financing_AMERICAS
... MOUNTAIN VIEW, CA, July 17, 2014 — Capillary Technologies, the market leader in cloudbased retail customer engagement management, today announced that it has closed a $14 million Series B round of venture financing. This new investment adds to the $17 million of Series A funding received in 2012, pr ...
... MOUNTAIN VIEW, CA, July 17, 2014 — Capillary Technologies, the market leader in cloudbased retail customer engagement management, today announced that it has closed a $14 million Series B round of venture financing. This new investment adds to the $17 million of Series A funding received in 2012, pr ...
Asset Management Fees and the Growth of Finance
... a percentage of assets managed. One could argue that the increase in fees charged by actively managed funds could prove to be socially useful, if it reflected increasing returns for investors from active management or if it was necessary to improve the efficiency of the market for investors who avai ...
... a percentage of assets managed. One could argue that the increase in fees charged by actively managed funds could prove to be socially useful, if it reflected increasing returns for investors from active management or if it was necessary to improve the efficiency of the market for investors who avai ...
Download attachment
... value for a company. A high P / E Ratio would imply that investors are very optimistic (bullish) about the future of the company since the price (which reflects market value) is selling for well above current earnings. A low P / E Ratio would imply that investors view the company's future as poor an ...
... value for a company. A high P / E Ratio would imply that investors are very optimistic (bullish) about the future of the company since the price (which reflects market value) is selling for well above current earnings. A low P / E Ratio would imply that investors view the company's future as poor an ...
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.