“Mini-Tender” Offer
... trading day before the mini-tender offer was commenced. In addition, the offer is highly conditional. TRC Capital’s offer states that it may terminate the offer if, among other things, the market price of Thomson Reuters shares declines since the close of business on September 10, 2014. Thomson Reut ...
... trading day before the mini-tender offer was commenced. In addition, the offer is highly conditional. TRC Capital’s offer states that it may terminate the offer if, among other things, the market price of Thomson Reuters shares declines since the close of business on September 10, 2014. Thomson Reut ...
The Origins and Severity of the Public Pension Crisis
... on savings, then an individual investor will suffer considerably as a result of taking on risk. By contrast, it is difficult to envision plausible events that could lead state and local governments to experience comparable declines in income. Even the sharp downturn in revenue that followed in the w ...
... on savings, then an individual investor will suffer considerably as a result of taking on risk. By contrast, it is difficult to envision plausible events that could lead state and local governments to experience comparable declines in income. Even the sharp downturn in revenue that followed in the w ...
An Introduction to Asset Pricing Models
... assets that are consistently superior to the consensus market evaluation to earn better risk-adjusted rates of return than the average investor ...
... assets that are consistently superior to the consensus market evaluation to earn better risk-adjusted rates of return than the average investor ...
Fact Sheet - ProShares
... dividend payments are not taken into consideration. There is no guarantee dividends will be paid. Companies may reduce or eliminate dividends at any time, and those that do will be dropped from the index at reconstitution. ³Bloomberg: The total return of the index has been higher than the S&P 500 si ...
... dividend payments are not taken into consideration. There is no guarantee dividends will be paid. Companies may reduce or eliminate dividends at any time, and those that do will be dropped from the index at reconstitution. ³Bloomberg: The total return of the index has been higher than the S&P 500 si ...
User`s guide
... ordinary shares or voting power in an incorporated or unincorporated enterprise respectively (OECD benchmark definition). FDI capital Equity Capital includes equity in branches and ordinary shares in subsidiaries and associates. Other capital covers inter-company debt (including short-term loans ...
... ordinary shares or voting power in an incorporated or unincorporated enterprise respectively (OECD benchmark definition). FDI capital Equity Capital includes equity in branches and ordinary shares in subsidiaries and associates. Other capital covers inter-company debt (including short-term loans ...
Ten Facts I have learned about 401(k) Plans
... better after they were added Funds that were dropped did worse before they were dropped and no better after they were dropped Plan administrators who outperformed others in the past have a tendency to outperform in the future Participants’ contributions, transfers, and return all have about the same ...
... better after they were added Funds that were dropped did worse before they were dropped and no better after they were dropped Plan administrators who outperformed others in the past have a tendency to outperform in the future Participants’ contributions, transfers, and return all have about the same ...
In the Matters of DELAWARE MANAGEMENT COMPANY, INC
... sale of investment company shares, as in the case before us, at the cost of sacrificing the best executions on portfolio transactions, the ultimate effect of such trades is to increase the cost of securities purchased by investment companies and reduce the amount the investment companies receive for ...
... sale of investment company shares, as in the case before us, at the cost of sacrificing the best executions on portfolio transactions, the ultimate effect of such trades is to increase the cost of securities purchased by investment companies and reduce the amount the investment companies receive for ...
What Australian Investors Need to Know to Diversify
... we calculate two measures of risk using daily data and include one that reflect extreme events. Previous academic research [5, 2, 6, 3] has analyzed the optimal portfolio sizes for an average investor. We build on our predecessors’ contributions by estimating confidence bands around the average num ...
... we calculate two measures of risk using daily data and include one that reflect extreme events. Previous academic research [5, 2, 6, 3] has analyzed the optimal portfolio sizes for an average investor. We build on our predecessors’ contributions by estimating confidence bands around the average num ...
The rooney Group - Edwards School of Business
... We give tenants the freedom of allowing leasehold improvements to cater to a wide variety of tenant needs. Our revenue model includes offering competitive prices, especially for our location, which will attract tenants who may have otherwise not leased in our building. The total capital investment w ...
... We give tenants the freedom of allowing leasehold improvements to cater to a wide variety of tenant needs. Our revenue model includes offering competitive prices, especially for our location, which will attract tenants who may have otherwise not leased in our building. The total capital investment w ...
absolute return strategy sicav
... Ireland with a bail-out of EUR67.5 billion. It is generally feared that Portugal will be the next candidate, but the real fear concerns the position of Spain: the EFSF is probably not large enough to bail it out. At the end of October, Chancellor Merkel warned that the EFSF was a temporary emergency ...
... Ireland with a bail-out of EUR67.5 billion. It is generally feared that Portugal will be the next candidate, but the real fear concerns the position of Spain: the EFSF is probably not large enough to bail it out. At the end of October, Chancellor Merkel warned that the EFSF was a temporary emergency ...
Some Theoretical Considerations Regarding Net Asset Values for
... asset values and allows the funds to round such value to the nearest 1 percent.1 The possibility of stable net asset values is a consequence of these provisions. At the same time, the rule puts limitations on the type of assets that the funds can hold: Funds must hold low-risk investment instruments ...
... asset values and allows the funds to round such value to the nearest 1 percent.1 The possibility of stable net asset values is a consequence of these provisions. At the same time, the rule puts limitations on the type of assets that the funds can hold: Funds must hold low-risk investment instruments ...
the influence of the financial factors on cash flow, as determining
... Also, another financial factor, which has an influence on investment decisions adopted by the firm, is the leverage; more clearly, the higher leverage firms’ investments can be more sensitive to the cash flow than lower leverage firms’ investments. The cash flow is the only source of financing for t ...
... Also, another financial factor, which has an influence on investment decisions adopted by the firm, is the leverage; more clearly, the higher leverage firms’ investments can be more sensitive to the cash flow than lower leverage firms’ investments. The cash flow is the only source of financing for t ...
1 - Blackwell Publishing
... According to the pecking order hypothesis, firms prefer internal financing (retained earnings) to external financing. Firms choose their long-term dividend payouts to avoid having to raise funds externally in the capital markets. Changes in both profitability and capital expenditure needs necessitat ...
... According to the pecking order hypothesis, firms prefer internal financing (retained earnings) to external financing. Firms choose their long-term dividend payouts to avoid having to raise funds externally in the capital markets. Changes in both profitability and capital expenditure needs necessitat ...
Income as the Source of Long-Term Returns
... Dividends Quintiles: 1-Higher Dividends, 5-Lower Dividends *These are stocks that paid no dividends at the start of each period measured. Some of these stocks subsequently paid dividends later during those measurement periods hence there can be a dividend return component even for the “No Dividend” ...
... Dividends Quintiles: 1-Higher Dividends, 5-Lower Dividends *These are stocks that paid no dividends at the start of each period measured. Some of these stocks subsequently paid dividends later during those measurement periods hence there can be a dividend return component even for the “No Dividend” ...
Portfolio rebalancing is the process of bringing the different asset
... Portfolios are rebalanced to the original target allocations as needed, based on analysis of expected market conditions. This approach is similar to “tactical” asset allocation, which seeks to exploit short-term market trends. Believe markets are not continuously efficient, and securities mispricing ...
... Portfolios are rebalanced to the original target allocations as needed, based on analysis of expected market conditions. This approach is similar to “tactical” asset allocation, which seeks to exploit short-term market trends. Believe markets are not continuously efficient, and securities mispricing ...
Emerging markets` alpha beta soup
... This document is intended only for Professional Clients and Financial Advisers in Continental Europe, for Professional Clients in Dubai, Guernsey, Ireland, the Isle of Man, Jersey and the UK; in Hong Kong for Professional Investors, in Japan for Qualified Institutional Investors; in Switzerland for ...
... This document is intended only for Professional Clients and Financial Advisers in Continental Europe, for Professional Clients in Dubai, Guernsey, Ireland, the Isle of Man, Jersey and the UK; in Hong Kong for Professional Investors, in Japan for Qualified Institutional Investors; in Switzerland for ...
rebalance - ProFunds
... • Percentage Trigger. A larger percentage trigger implies that fewer trades may be required over time. All other factors being equal, a percentage trigger of ±10% will require less rebalancing than one of ±5%, although the size of your trades may be larger. This information is provided to illustrat ...
... • Percentage Trigger. A larger percentage trigger implies that fewer trades may be required over time. All other factors being equal, a percentage trigger of ±10% will require less rebalancing than one of ±5%, although the size of your trades may be larger. This information is provided to illustrat ...
Lecture5 - UCSB Economics
... doubled from $160 billion in early 1987 to $320 billion in early 1994 doubling in about seven years implies an average rate of growth of about 10% per ...
... doubled from $160 billion in early 1987 to $320 billion in early 1994 doubling in about seven years implies an average rate of growth of about 10% per ...
IEC 62325-301 CIM Market Model
... Market Operations Package – Market Clearing • The major classes used to communicate the results of market clearing run for the NA-Style Market Continued: – The class PnodeClearing and its associations are used to model the cleared prices (Locational Marginal Prices) of the run. – The class Resource ...
... Market Operations Package – Market Clearing • The major classes used to communicate the results of market clearing run for the NA-Style Market Continued: – The class PnodeClearing and its associations are used to model the cleared prices (Locational Marginal Prices) of the run. – The class Resource ...
AMP Capital Derivatives Risk Statement
... Derivatives can be broadly categorised into two classes: ...
... Derivatives can be broadly categorised into two classes: ...
Incorporating Uncertainty into Discounted Cash Flow
... Nick French and Laura Gabrielli analyze ways to incorporate uncertainty into the DCF method of valuing real estate in their Discounted cash flow: accounting for uncertainty study. The authors’ find that although DCF real estate valuations are uncertain they are generally reported as a single point ...
... Nick French and Laura Gabrielli analyze ways to incorporate uncertainty into the DCF method of valuing real estate in their Discounted cash flow: accounting for uncertainty study. The authors’ find that although DCF real estate valuations are uncertain they are generally reported as a single point ...
handbill on eligibility to bid for government securities in the primary
... UNIMPAIRED CAPITAL AND SURPLUS means the combined capital accounts of a financial institution. CAPITAL means the paid-in capital and surplus account. SURPLUS means the excess of the assets over the liabilities and paid-in capital of the financial institutions but excluding the reserves set aside fo ...
... UNIMPAIRED CAPITAL AND SURPLUS means the combined capital accounts of a financial institution. CAPITAL means the paid-in capital and surplus account. SURPLUS means the excess of the assets over the liabilities and paid-in capital of the financial institutions but excluding the reserves set aside fo ...
Access to financial resources for local companies
... were allocated efficiently to domestic investment opportunities required a well-developed equity market. A number of alternative approaches to stock-market reform were available to Santana and Mifano. Whichever path they chose, they needed to make a recommendation to BOVESPA‟s board of directors bef ...
... were allocated efficiently to domestic investment opportunities required a well-developed equity market. A number of alternative approaches to stock-market reform were available to Santana and Mifano. Whichever path they chose, they needed to make a recommendation to BOVESPA‟s board of directors bef ...
Private equity secondary market
In finance, the private equity secondary market (also often called private equity secondaries or secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private equity funds as well as hedge funds can be more complex and labor-intensive.Sellers of private equity investments sell not only the investments in the fund but also their remaining unfunded commitments to the funds. By its nature, the private equity asset class is illiquid, intended to be a long-term investment for buy-and-hold investors, including ""pension funds, endowments and wealthy families selling off their private equity funds before the pools have sold off all their assets."" For the vast majority of private equity investments, there is no listed public market; however, there is a robust and maturing secondary market available for sellers of private equity assets.Buyers seek to acquire private equity interests in the secondary market for multiple reasons. For example, the duration of the investment may be much shorter than an investment in the private equity fund initially. Likewise, the buyer may be able to acquire these interests at an attractive price. Finally, the buyer can evaluate the fund's holdings before deciding to purchase an interest in the fund. Conversely, sellers may seek to sell interest for various reasons, including the need to raise capital, the desire to avoid future capital calls, the need to reduce an over-allocation to the asset class or for regulatory reasons.Driven by strong demand for private equity exposure over the past decade, a significant amount of capital has been committed to secondary market funds from investors looking to increase and diversify their private equity exposure.