Chapter 25
... • Divestiture – company sells a piece of itself to another company • Equity carve-out – company creates a new company out of a subsidiary and then sells a minority interest to the public through an IPO • Spin-off – company creates a new company out of a subsidiary and distributes the shares of the n ...
... • Divestiture – company sells a piece of itself to another company • Equity carve-out – company creates a new company out of a subsidiary and then sells a minority interest to the public through an IPO • Spin-off – company creates a new company out of a subsidiary and distributes the shares of the n ...
STANLIB Index Fund
... participatory interests may go down as well as up and past performance is not necessarily a guide to the future. An investment in the participations of a CIS in securities is not the same as a deposit with a banking institution. CIS are traded at ruling prices and can engage in borrowing and scrip l ...
... participatory interests may go down as well as up and past performance is not necessarily a guide to the future. An investment in the participations of a CIS in securities is not the same as a deposit with a banking institution. CIS are traded at ruling prices and can engage in borrowing and scrip l ...
Module 5 - Notes Milenge
... aggregate of the shares and other securities issued and the payment made in the form of cash or other asset by the transferee Co. to the shareholders of the transferor Co. “ Payment made by the transferee Co. to discharge the debenture holders and other outside liabilities and the cost of winding up ...
... aggregate of the shares and other securities issued and the payment made in the form of cash or other asset by the transferee Co. to the shareholders of the transferor Co. “ Payment made by the transferee Co. to discharge the debenture holders and other outside liabilities and the cost of winding up ...
eagle us large cap value 1q 2017
... lawfully be directed. It is not intended to be distributed or passed on, directly or indirectly, to any other class of persons and may not be relied upon by such persons and is therefore not intended for private individuals or those who would be classified as Retail Clients. The performance data quo ...
... lawfully be directed. It is not intended to be distributed or passed on, directly or indirectly, to any other class of persons and may not be relied upon by such persons and is therefore not intended for private individuals or those who would be classified as Retail Clients. The performance data quo ...
full PDF version
... And now for the instructions on how to put the camera together: First you take an office paper clip and bend it as indicated in the drawing (25). Then you make cutouts in sections 1, 2, 7, 11, 13 and 24. Now take part 10 and, using a press stud (popper), fix it to your completed section 1 at point A ...
... And now for the instructions on how to put the camera together: First you take an office paper clip and bend it as indicated in the drawing (25). Then you make cutouts in sections 1, 2, 7, 11, 13 and 24. Now take part 10 and, using a press stud (popper), fix it to your completed section 1 at point A ...
RTF - Review of Business Taxation
... Other AVCAL figures support this hypothesis. Only 5% of funds raised by venture capital firms are invested as seed capital in start up enterprises. In recent years, the industry has been directing most financing support to existing, well established companies which are seeking to expand. As AVCAL pu ...
... Other AVCAL figures support this hypothesis. Only 5% of funds raised by venture capital firms are invested as seed capital in start up enterprises. In recent years, the industry has been directing most financing support to existing, well established companies which are seeking to expand. As AVCAL pu ...
JBWere SMA Growth Portfolio
... To enhance the value of investment capital by generating combined capital and income returns that exceed the rate of inflation over the long term (5 years plus). The targeted volatility of the Portfolio is at or below the Performance Benchmark volatility over a rolling 5-year period. ...
... To enhance the value of investment capital by generating combined capital and income returns that exceed the rate of inflation over the long term (5 years plus). The targeted volatility of the Portfolio is at or below the Performance Benchmark volatility over a rolling 5-year period. ...
MOSAX - MassMutual
... presents a higher degree of risk than diversified investment options under the plan because it invests in the securities of a single company. Investments that invest more of their assets in a single issuer or industry sector (such as company stock or sector investments) involve additional risks, inc ...
... presents a higher degree of risk than diversified investment options under the plan because it invests in the securities of a single company. Investments that invest more of their assets in a single issuer or industry sector (such as company stock or sector investments) involve additional risks, inc ...
Action plan - Northumberland County Council
... implement the outcome of DCLG’s consultation on Collaboration, Cost Savings and Efficiencies; follow up work to implement the new LGPS Local Pensions Board; any items referred back to the Pension Fund Panel by the Pension Board; (NEW) consider shared service arrangements with Durham County Council. ...
... implement the outcome of DCLG’s consultation on Collaboration, Cost Savings and Efficiencies; follow up work to implement the new LGPS Local Pensions Board; any items referred back to the Pension Fund Panel by the Pension Board; (NEW) consider shared service arrangements with Durham County Council. ...
Part III. Project Description
... Total Debt should include: Bank overdrafts and short term loans + Current portion of long term debt + Long term bank loans + Subordinated / Shareholder loans + CFC loan/ Enhanced equity 3) Interest Cover Ratio (ICR): EBITDA / Interest expenses Interest expenses should include all interest and other ...
... Total Debt should include: Bank overdrafts and short term loans + Current portion of long term debt + Long term bank loans + Subordinated / Shareholder loans + CFC loan/ Enhanced equity 3) Interest Cover Ratio (ICR): EBITDA / Interest expenses Interest expenses should include all interest and other ...
Experience - Berkshire Asset Management, LLC
... quarterly with geometrically linked annual returns. Past performance does not guarantee future results. The S & P 500 Index is a market capitalization weighted index of the largest 500 U.S. stocks. It is a market-value weighted index (stock price times # of shares outstanding), with each stock’s wei ...
... quarterly with geometrically linked annual returns. Past performance does not guarantee future results. The S & P 500 Index is a market capitalization weighted index of the largest 500 U.S. stocks. It is a market-value weighted index (stock price times # of shares outstanding), with each stock’s wei ...
FTA Morningstar 90 10 FS 3-31-17_Layout 1
... of the company. Among the factors considered are the cash flow generated by the company, the asset base employed to generate that cash flow, management’s stewardship of investor capital and risk/return tradeoff. The entire process is focused on identifying companies whose true value is not being ref ...
... of the company. Among the factors considered are the cash flow generated by the company, the asset base employed to generate that cash flow, management’s stewardship of investor capital and risk/return tradeoff. The entire process is focused on identifying companies whose true value is not being ref ...
The Risk of Adverse Selection in Co-‐investing Private
... opportunity? Andrea, you...compared LPs who just went with the fund itself versus those that also invest with the same GPs off to the side as co-‐investors. We’re taking a look at the ...
... opportunity? Andrea, you...compared LPs who just went with the fund itself versus those that also invest with the same GPs off to the side as co-‐investors. We’re taking a look at the ...
RFP Questionnaire - Meketa Investment Group
... 24. If selected as a finalist candidate to present to the client, will you provide a complete copy of your form ADV and a statement of your financial condition? 25. Please provide Meketa Investment Group with your firm’s most recent 408(b)(2) filing. 26. What is your firm’s plan regarding the backup ...
... 24. If selected as a finalist candidate to present to the client, will you provide a complete copy of your form ADV and a statement of your financial condition? 25. Please provide Meketa Investment Group with your firm’s most recent 408(b)(2) filing. 26. What is your firm’s plan regarding the backup ...
- Investment Management Association of
... 2005. Under this new regulation, the cut-off timing for funds that invest more than 50% of their assets in stocks is 3:00 pm, and for other funds it is 5:00 p.m. ...
... 2005. Under this new regulation, the cut-off timing for funds that invest more than 50% of their assets in stocks is 3:00 pm, and for other funds it is 5:00 p.m. ...
SIS Performance versus Benchmark to 31 March 2016
... into unlisted property and infrastructure. These changes will assist to reduce the volatility of the funds and aims to enhance the income returns for our customers. If you would like to add to your portfolio, you may do so at any time. Please contact Elaine Pringle (08) 8226 1746 for more informatio ...
... into unlisted property and infrastructure. These changes will assist to reduce the volatility of the funds and aims to enhance the income returns for our customers. If you would like to add to your portfolio, you may do so at any time. Please contact Elaine Pringle (08) 8226 1746 for more informatio ...
North Carolina Fixed Income Fund
... to having a single investment manager. Allocation decisions and the selection of the Underlying Funds are made by North Carolina Supplemental Retirement Board of Trustees. The Underlying Funds are: ■ The TCW Core Plus Bond Fund* (50% of Fund assets) is advised by Trust Company of the West (TCW). TCW ...
... to having a single investment manager. Allocation decisions and the selection of the Underlying Funds are made by North Carolina Supplemental Retirement Board of Trustees. The Underlying Funds are: ■ The TCW Core Plus Bond Fund* (50% of Fund assets) is advised by Trust Company of the West (TCW). TCW ...
Risk-Adjusted Performance of Private Equity Investments
... partnership, and is comprised of a management team (the general partner), which manages the investments of the limited partner. The PE fund's investors hold shares of the limited partner. PE funds invest the institutional money in private (target) companies and these investments are typically struct ...
... partnership, and is comprised of a management team (the general partner), which manages the investments of the limited partner. The PE fund's investors hold shares of the limited partner. PE funds invest the institutional money in private (target) companies and these investments are typically struct ...
NBER WORKING PAPER SERIES FINANCIAL INNOVATIONS AND MACROECONOMIC VOLATILITY Urban Jermann Vincenzo Quadrini
... gained greater flexibility in issuing and repurchasing shares. The ability and flexibility to issue debt has also changed as firms have now access to a wider variety of instruments. In particular, the various forms of asset backed securities represent effective ways of collateralization. These two c ...
... gained greater flexibility in issuing and repurchasing shares. The ability and flexibility to issue debt has also changed as firms have now access to a wider variety of instruments. In particular, the various forms of asset backed securities represent effective ways of collateralization. These two c ...
Financial Innovations and Macroeconomic Volatility
... variables have become more volatile during the last two decades. The second is that equity payouts have become negatively correlated with debt repurchases. The properties of real and financial cycles are further characterized in Table 1. The table reports the standard deviations and cross correlatio ...
... variables have become more volatile during the last two decades. The second is that equity payouts have become negatively correlated with debt repurchases. The properties of real and financial cycles are further characterized in Table 1. The table reports the standard deviations and cross correlatio ...
Edward Meigs and Sean Slein Discuss Investing in High Yield
... is somewhere in the six- to eight-percent area—versus the last 12 months’ default rate of approximately two percent. So the market right now is factoring in a mild recession. With spreads as they are, we feel that we’re being adequately compensated for the investments we have in the portfolio even i ...
... is somewhere in the six- to eight-percent area—versus the last 12 months’ default rate of approximately two percent. So the market right now is factoring in a mild recession. With spreads as they are, we feel that we’re being adequately compensated for the investments we have in the portfolio even i ...
Portfolio Breadth: The forgotten success factor in active management
... This is a publication of HighMark Capital Management, Inc. (HighMark). This publication is for general information only and is not intended to provide specific advice to any individual or institution. Some information provided herein was obtained from third-party sources deemed to be reliable. HighM ...
... This is a publication of HighMark Capital Management, Inc. (HighMark). This publication is for general information only and is not intended to provide specific advice to any individual or institution. Some information provided herein was obtained from third-party sources deemed to be reliable. HighM ...
presentation - Kinetics Mutual Funds
... for a copy of the most recent Prospectus. You should read the prospectus carefully before you invest. Performance does not reflect the deduction of a sales load or fee, which if included would reduce the performance quoted. You will be charged a redemption fee equal to 2.00% of the net amount of the ...
... for a copy of the most recent Prospectus. You should read the prospectus carefully before you invest. Performance does not reflect the deduction of a sales load or fee, which if included would reduce the performance quoted. You will be charged a redemption fee equal to 2.00% of the net amount of the ...
Financially Speaking
... credit quality assets. Using the capital structure as a guide, you would sell off equities and hybrids, preferring senior secured and senior unsecured debt. Investors would prefer to invest in the lowest risk issuers such as the Australian Commonwealth government or semigovernment or assets that sit ...
... credit quality assets. Using the capital structure as a guide, you would sell off equities and hybrids, preferring senior secured and senior unsecured debt. Investors would prefer to invest in the lowest risk issuers such as the Australian Commonwealth government or semigovernment or assets that sit ...
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.