Return on Capital Employed – ROCE
... ROCE is especially useful when comparing the performance of companies in capital-intensive sectors such as utilities and telecoms. This is because unlike return on equity (ROE), which only analyzes profitability related to a company’s equity, ROCE considers debt and other liabilities as well. This p ...
... ROCE is especially useful when comparing the performance of companies in capital-intensive sectors such as utilities and telecoms. This is because unlike return on equity (ROE), which only analyzes profitability related to a company’s equity, ROCE considers debt and other liabilities as well. This p ...
A Portfolio Approach to the Optimal Funding of Pensions
... alternative available assets is also a crucial consideration. In the absence of another low risk alternative, individuals and pension funds will hold government bonds which may have much lower returns than that on unfunded pensions. A common argument for funded pensions is that they will lead to mor ...
... alternative available assets is also a crucial consideration. In the absence of another low risk alternative, individuals and pension funds will hold government bonds which may have much lower returns than that on unfunded pensions. A common argument for funded pensions is that they will lead to mor ...
chapter 69o-187 professional liability self
... 69O-187.005 Solvency of the Self-Insurance Trust Fund and Trustees’ Responsibilities. The Trustees of the Fund shall be responsible for all operations of the Fund and shall assure the financial stability of the operations of the Fund by taking all necessary precautions to safeguard the assets of the ...
... 69O-187.005 Solvency of the Self-Insurance Trust Fund and Trustees’ Responsibilities. The Trustees of the Fund shall be responsible for all operations of the Fund and shall assure the financial stability of the operations of the Fund by taking all necessary precautions to safeguard the assets of the ...
Chap001
... 2. Investing Activities - Are the acquiring and disposing of resources (assets) that an organization uses to acquire and sell its products or services. 3. Operating Activities – Involve using resources to research, develop, and purchase, produce, distribute, and market products and services. ...
... 2. Investing Activities - Are the acquiring and disposing of resources (assets) that an organization uses to acquire and sell its products or services. 3. Operating Activities – Involve using resources to research, develop, and purchase, produce, distribute, and market products and services. ...
Award Winning Signature Team Joins R C Brown Investment
... years has been overseen by the arrival of Alan Beaney as Investment Director from Principal Investment Management (Sanlam Private Investors). RCBIM has set up a separate division to support the new team whose offering will provide differentiated and independent investment solutions. Working with the ...
... years has been overseen by the arrival of Alan Beaney as Investment Director from Principal Investment Management (Sanlam Private Investors). RCBIM has set up a separate division to support the new team whose offering will provide differentiated and independent investment solutions. Working with the ...
Personalised discretionary portfolio management: the tailor
... This is a commercial document prepared and distributed by ING Private Banking, a commercial division of ING Belgium. It has been prepared for information purposes only and does not contain any investment recommendation within the terms of the royal decree of 5 March 2006. Its content is based on inf ...
... This is a commercial document prepared and distributed by ING Private Banking, a commercial division of ING Belgium. It has been prepared for information purposes only and does not contain any investment recommendation within the terms of the royal decree of 5 March 2006. Its content is based on inf ...
Active Management: Andrew Slimmon Shares His
... inherit the fund’s cost basis in the underlying securities — some of which could have been purchased years before at low prices. The result: An investor could wind up paying capital gains taxes on securities that have lost value since they bought the fund (Display 1). But when an investor holds a se ...
... inherit the fund’s cost basis in the underlying securities — some of which could have been purchased years before at low prices. The result: An investor could wind up paying capital gains taxes on securities that have lost value since they bought the fund (Display 1). But when an investor holds a se ...
Risk free Rates, Risk Premiums and Betas
... The perils of trusting the past……. Noisy estimates: Even with long time periods of history, the risk premium that you derive will have substantial standard error. For instance, if you go back to 1928 (about 80 years of history) and you assume a standard deviation of 20% in annual stock returns, you ...
... The perils of trusting the past……. Noisy estimates: Even with long time periods of history, the risk premium that you derive will have substantial standard error. For instance, if you go back to 1928 (about 80 years of history) and you assume a standard deviation of 20% in annual stock returns, you ...
Idiosyncratic risk and long-run stock performance following
... We exclude samples when SEOs have the following conditions: (1) offer prices less than $5; (2) spin-offs; (3) reverse LBOs; (4) closed-end funds, unit investment trusts, REITs and limited partnerships; (5) rights and standby issues; (6) simultaneous or combined offers of several classes of securitie ...
... We exclude samples when SEOs have the following conditions: (1) offer prices less than $5; (2) spin-offs; (3) reverse LBOs; (4) closed-end funds, unit investment trusts, REITs and limited partnerships; (5) rights and standby issues; (6) simultaneous or combined offers of several classes of securitie ...
Capital Market Assumptions - HighMark Wealth Management
... common time period: Apr. 2004 through Jun. 2013. Source: Country statistical organizations, Haver Analytics, Fidelity Investments (AART) through Jun. 30, 2013. ...
... common time period: Apr. 2004 through Jun. 2013. Source: Country statistical organizations, Haver Analytics, Fidelity Investments (AART) through Jun. 30, 2013. ...
Returns to Venture Capital - University of Colorado Boulder
... and late-stage venture capital (VC) investments. Shortcomings in the information provided to investors may mean that limited partners are restricted in their ability to judge the investment record of the VC funds in which they seek to invest. In this chapter, returns are examined at two levels. Firs ...
... and late-stage venture capital (VC) investments. Shortcomings in the information provided to investors may mean that limited partners are restricted in their ability to judge the investment record of the VC funds in which they seek to invest. In this chapter, returns are examined at two levels. Firs ...
Income Drawdown Plan - Home | Capita Financial
... Where a fund invests in cash, or in ‘money market’ instruments, this is generally considered the most secure and stable type of asset, but the value can still go down in some circumstances. Although returns are more stable, they tend to be low in comparison with other assets and the value can be ero ...
... Where a fund invests in cash, or in ‘money market’ instruments, this is generally considered the most secure and stable type of asset, but the value can still go down in some circumstances. Although returns are more stable, they tend to be low in comparison with other assets and the value can be ero ...
Monthly Percentage Returns: Pro
... adjustment for fees and interest income. The index returns are based on the MSCI World Equity Total Return Index with gross dividends reinvested. The returns on investments linked to the index will be lower than those shown because of the effects of transaction charges and various additional charges ...
... adjustment for fees and interest income. The index returns are based on the MSCI World Equity Total Return Index with gross dividends reinvested. The returns on investments linked to the index will be lower than those shown because of the effects of transaction charges and various additional charges ...
Permira Debt Managers appoints David Hirschmann as Head of
... Permira Debt Managers appoints David Hirschmann as Head of Private Credit London, 9 June 2015 – Permira Debt Managers (“PDM”) is pleased to announce the appointment of David Hirschmann as Head of Private Credit to lead the origination and execution of opportunities for PDM’s direct lending funds. Da ...
... Permira Debt Managers appoints David Hirschmann as Head of Private Credit London, 9 June 2015 – Permira Debt Managers (“PDM”) is pleased to announce the appointment of David Hirschmann as Head of Private Credit to lead the origination and execution of opportunities for PDM’s direct lending funds. Da ...
04_CapStr_DebtLimit_Niu
... Problem: Suppose that Beltran currently uses all-equity financing, and that Beltran’s market value in one year’s time will be either $100 million or $50 million depending on the success of business. Currently, investors does not know which value the firm will end, but the manger has information that ...
... Problem: Suppose that Beltran currently uses all-equity financing, and that Beltran’s market value in one year’s time will be either $100 million or $50 million depending on the success of business. Currently, investors does not know which value the firm will end, but the manger has information that ...
portfolio objective
... The portfolio aims to achieve long term capital appreciation by investing 80% into fixed income funds and 20% into equity funds. This target allocation may change with our views on financial markets. The portfolio takes the form of a monthly RSP, with the aim of addressing the needs of “newbie” inve ...
... The portfolio aims to achieve long term capital appreciation by investing 80% into fixed income funds and 20% into equity funds. This target allocation may change with our views on financial markets. The portfolio takes the form of a monthly RSP, with the aim of addressing the needs of “newbie” inve ...
3rd Quarter 2016 Barometer Capital Management Inc. provides the
... Barometer Capital Management Inc. manages investment portfolios for private investors, foundations and endowments. Barometer offers a unique investment solution through its suite of private pools and prospectus fund offerings. Barometer’s business was formed in 2001. In 2006, the business became Bar ...
... Barometer Capital Management Inc. manages investment portfolios for private investors, foundations and endowments. Barometer offers a unique investment solution through its suite of private pools and prospectus fund offerings. Barometer’s business was formed in 2001. In 2006, the business became Bar ...
Neuberger Berman Millennium Fund
... Historically, stocks of smaller companies have not always moved in tandem with those of larger companies. Over the last 40 years, small-caps have outperformed large-caps over 60% of the time. However, small-caps have often fallen more severely during market downturns. Growth Investing For growth inv ...
... Historically, stocks of smaller companies have not always moved in tandem with those of larger companies. Over the last 40 years, small-caps have outperformed large-caps over 60% of the time. However, small-caps have often fallen more severely during market downturns. Growth Investing For growth inv ...
FINALHill Rebuttal
... increased the distribution utility’s leverage. In that instance the utility equity ratio had ...
... increased the distribution utility’s leverage. In that instance the utility equity ratio had ...
POB 4.01 Financial Statements - Public Schools of Robeson County
... ◦ Equals current assets/current liabilities ◦ Represents assets that the business could convert into cash in < 1 year compared to liabilities that it must pay in < 1 year; shows ability of company to pay debts as they become due. Ideally, this ratio should be over 1.0. ◦ Normally, the higher the rat ...
... ◦ Equals current assets/current liabilities ◦ Represents assets that the business could convert into cash in < 1 year compared to liabilities that it must pay in < 1 year; shows ability of company to pay debts as they become due. Ideally, this ratio should be over 1.0. ◦ Normally, the higher the rat ...
No Slide Title
... Through the use of a financial metric (free cash flow) rather than an accounting metric (earnings) it is easier to discern those firms most likely to utilize their free cash flow intelligently for shareholder value creation. If the return on incremental capital to be deployed in the business is eq ...
... Through the use of a financial metric (free cash flow) rather than an accounting metric (earnings) it is easier to discern those firms most likely to utilize their free cash flow intelligently for shareholder value creation. If the return on incremental capital to be deployed in the business is eq ...
The Equity Risk Premium
... They don’t want to lose money, so their returns should at least protect them against inflation so there is no loss in purchasing power. Hence, the return to cash should at least equal the inflation rate. The return to a safe, long-term investment should equal the rate of growth in the economy. Inves ...
... They don’t want to lose money, so their returns should at least protect them against inflation so there is no loss in purchasing power. Hence, the return to cash should at least equal the inflation rate. The return to a safe, long-term investment should equal the rate of growth in the economy. Inves ...
MFS MERIDIAN ® FUNDS ― EMERGING MARKETS DEBT LOCAL
... The fund invests primarily (at least 70%) in debt or other instruments issued in or related to the currencies of emerging market countries. The fund may also invest on an ancillary basis in debt or other instruments issued in or related to the currencies of developed market countries. The fund gener ...
... The fund invests primarily (at least 70%) in debt or other instruments issued in or related to the currencies of emerging market countries. The fund may also invest on an ancillary basis in debt or other instruments issued in or related to the currencies of developed market countries. The fund gener ...
Key Investor Information
... The fund invests at least 80% of its assets in equities of companies worldwide which offer sustainable dividend payments. The fund seeks to invest in a diversified portfolio of equities whose dividend yield in aggregate is greater than the average market yield. Equities with below average dividend y ...
... The fund invests at least 80% of its assets in equities of companies worldwide which offer sustainable dividend payments. The fund seeks to invest in a diversified portfolio of equities whose dividend yield in aggregate is greater than the average market yield. Equities with below average dividend y ...
Scottish Equitable JPMorgan Mansart Risk Profile 10 Fund
... For more information, please speak to your financial adviser. ...
... For more information, please speak to your financial adviser. ...
Private equity
In finance, private equity is an asset class consisting of equity securities and debt in operating companies that are not publicly traded on a stock exchange.A private equity investment will generally be made by a private equity firm, a venture capital firm or an angel investor. Each of these categories of investor has its own set of goals, preferences and investment strategies; however, all provide working capital to a target company to nurture expansion, new-product development, or restructuring of the company’s operations, management, or ownership.Bloomberg Businessweek has called private equity a rebranding of leveraged-buyout firms after the 1980s. Common investment strategies in private equity include: leveraged buyouts, venture capital, growth capital, distressed investments and mezzanine capital. In a typical leveraged-buyout transaction, a private-equity firm buys majority control of an existing or mature firm. This is distinct from a venture-capital or growth-capital investment, in which the investors (typically venture-capital firms or angel investors) invest in young, growing or emerging companies, and rarely obtain majority control.Private equity is also often grouped into a broader category called private capital, generally used to describe capital supporting any long-term, illiquid investment strategy.