HSBC Global Liquidity Funds Prospectus
... be maintained in relation to each Fund of the Company. In addition, the Shares in each Fund may be divided into a number of different classes. Shares are being offered in the HSBC Sterling Liquidity Fund, the HSBC US Dollar Liquidity Fund, the HSBC Euro Liquidity Fund, the HSBC Canadian Dollar Liqui ...
... be maintained in relation to each Fund of the Company. In addition, the Shares in each Fund may be divided into a number of different classes. Shares are being offered in the HSBC Sterling Liquidity Fund, the HSBC US Dollar Liquidity Fund, the HSBC Euro Liquidity Fund, the HSBC Canadian Dollar Liqui ...
NBER WORKING PAPER SERIES TRANSPARENCY AND INTERNATIONAL INVESTOR BEHAVIOR R. Gaston Gelos
... mean that no one knows anything. Rather, lower transparency means that less information is made publicly available, which in turn implies that the gap between those who know and those who do not becomes larger. Such higher informational asymmetry should therefore result in more herding. On the other ...
... mean that no one knows anything. Rather, lower transparency means that less information is made publicly available, which in turn implies that the gap between those who know and those who do not becomes larger. Such higher informational asymmetry should therefore result in more herding. On the other ...
call-for-input on the crowdfunding rules
... We published new rules for investor protection on crowdfunding platforms in February 2014,4 which, subject to certain transitional provisions, generally came into force on 1 April 2014.5 We tailored these rules to the risks to consumers identified in the market at that time, focusing on ensuring ade ...
... We published new rules for investor protection on crowdfunding platforms in February 2014,4 which, subject to certain transitional provisions, generally came into force on 1 April 2014.5 We tailored these rules to the risks to consumers identified in the market at that time, focusing on ensuring ade ...
Effect of Investor Sentiment on Market Response to Stock Splits
... hypothesis. This assumption, however, is challenged by recent behavioral finance studies. They commonly imply that stocks tend to be overpriced (underpriced) during periods of high (low) sentiment which leads to predictable low (high) subsequent returns (Baker and Wurgler (2006, 2007), Kumar and Lee ...
... hypothesis. This assumption, however, is challenged by recent behavioral finance studies. They commonly imply that stocks tend to be overpriced (underpriced) during periods of high (low) sentiment which leads to predictable low (high) subsequent returns (Baker and Wurgler (2006, 2007), Kumar and Lee ...
Sample
... 10) Organized stock exchanges provide the benefits of a continuous market, fair security pricing, and helping businesses raise new capital. Answer: TRUE Diff: 1 Keywords: Organized Stock Exchanges AACSB: Reflective thinking skills ...
... 10) Organized stock exchanges provide the benefits of a continuous market, fair security pricing, and helping businesses raise new capital. Answer: TRUE Diff: 1 Keywords: Organized Stock Exchanges AACSB: Reflective thinking skills ...
Analysing and Decomposing the Sources of Added
... to match liability payments is to build a portfolio of long-dated, investment grade corporate bonds. In practice, institutional investors including pension funds, but also insurance companies, sovereign funds, etc., are actually showing an increasing appetite for corporate bonds, not only for their ...
... to match liability payments is to build a portfolio of long-dated, investment grade corporate bonds. In practice, institutional investors including pension funds, but also insurance companies, sovereign funds, etc., are actually showing an increasing appetite for corporate bonds, not only for their ...
Sample Chapter - McGraw Hill Higher Education
... The holding-period return is a simple and unambiguous measure of investment return over a single period. But often you will be interested in average returns over longer periods of time. For example, you might want to measure how well a mutual fund has performed over the preceding five-year period. I ...
... The holding-period return is a simple and unambiguous measure of investment return over a single period. But often you will be interested in average returns over longer periods of time. For example, you might want to measure how well a mutual fund has performed over the preceding five-year period. I ...
2 amended and restated private placement
... Rubicon Mortgage Fund, LLC (the “Fund”) is a California limited liability company. The Manager of the Fund is Rubicon Realty Advisors, Inc. (the “Manager”) (formerly known as Rubicon Management LLC), a California corporation. In 2013 the managing entity, Rubicon Management LLC, was converted via Cal ...
... Rubicon Mortgage Fund, LLC (the “Fund”) is a California limited liability company. The Manager of the Fund is Rubicon Realty Advisors, Inc. (the “Manager”) (formerly known as Rubicon Management LLC), a California corporation. In 2013 the managing entity, Rubicon Management LLC, was converted via Cal ...
unitary boards and mutual fund governance
... share costs among different funds and to realize economies of scale including director compensation. Finally, a unitary board can better evaluate the overall benefits ...
... share costs among different funds and to realize economies of scale including director compensation. Finally, a unitary board can better evaluate the overall benefits ...
Limitations of a Mutual Fund
... investment objective. Thus, the mutual fund structure, through its various schemes, makes it possible to tap a large corpus of money from diverse investors. (Therefore, the mutual fund offers schemes. In the industry, the words ‘fund’ and ‘scheme’ are used interchangeably.) The money that is raised ...
... investment objective. Thus, the mutual fund structure, through its various schemes, makes it possible to tap a large corpus of money from diverse investors. (Therefore, the mutual fund offers schemes. In the industry, the words ‘fund’ and ‘scheme’ are used interchangeably.) The money that is raised ...
Cypress Capital Management, LLC 1 FIRM
... steady stream of customers who buy power or services no matter what the economic environment is like. Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar next year. Purchasing power is reduced because of inflation. Liquidity Risk: The risk that inve ...
... steady stream of customers who buy power or services no matter what the economic environment is like. Inflation Risk: When any type of inflation is present, a dollar today will not buy as much as a dollar next year. Purchasing power is reduced because of inflation. Liquidity Risk: The risk that inve ...
Sample chapter - McGraw Hill Higher Education
... Company A or Company B. As we have seen, the expected return from each investment is the same but the investment in A is riskier. An investment in A offers the possibility of making either higher returns or lower returns, compared with an investment in B. However, from Figure 7.2, the increased spre ...
... Company A or Company B. As we have seen, the expected return from each investment is the same but the investment in A is riskier. An investment in A offers the possibility of making either higher returns or lower returns, compared with an investment in B. However, from Figure 7.2, the increased spre ...
Building Sub-national Debt Markets in Developing and
... companies. This basic set can in turn be extended and understood as part of a more complex set of relationships between (i) citizens acting as principals for both the central government and sub-national entities; (ii) the central government acting both as an agent for its citizens and a principal fo ...
... companies. This basic set can in turn be extended and understood as part of a more complex set of relationships between (i) citizens acting as principals for both the central government and sub-national entities; (ii) the central government acting both as an agent for its citizens and a principal fo ...
Vanguard Ultra-Short-Term Bond Fund Prospectus Investor Shares
... were to redeem $100 via a wire, you will receive the full $100, and your fund account will also be assessed the $10 fee by redeeming additional fund shares. If you redeem your entire fund account, your redemption proceeds will be reduced by the fee amount. The wire fee will not apply to accounts hel ...
... were to redeem $100 via a wire, you will receive the full $100, and your fund account will also be assessed the $10 fee by redeeming additional fund shares. If you redeem your entire fund account, your redemption proceeds will be reduced by the fee amount. The wire fee will not apply to accounts hel ...
Heading D
... In the Netherlands, underlying earnings totaled EUR 129 million, including a one-time EUR 20 million release of provisions. Underlying earnings in the United Kingdom, meanwhile, totaled GBP 17 million, lower than Q2 2008, due primarily to the impact of lower equity and corporate bond markets on fund ...
... In the Netherlands, underlying earnings totaled EUR 129 million, including a one-time EUR 20 million release of provisions. Underlying earnings in the United Kingdom, meanwhile, totaled GBP 17 million, lower than Q2 2008, due primarily to the impact of lower equity and corporate bond markets on fund ...
Are Directors Dealings Informative?
... abnormal returns. However, after including transaction costs, the outsider profits disappear entirely. In contrast, by using U.S. data Bettis, Vickrey, and Vickrey (1997) show that outsiders are able to make significant profits. They measure weekly abnormal returns by using large-volume insider tra ...
... abnormal returns. However, after including transaction costs, the outsider profits disappear entirely. In contrast, by using U.S. data Bettis, Vickrey, and Vickrey (1997) show that outsiders are able to make significant profits. They measure weekly abnormal returns by using large-volume insider tra ...
Debt Refinancing and Equity Returns
... with leverage within each refinancing tertile. Furthermore, the difference in returns of highand low-leverage firms increases as the refinancing intensity increases (i.e. debt maturities become shorter). These findings are consistent with the notion that shareholders demand a premium for holding hi ...
... with leverage within each refinancing tertile. Furthermore, the difference in returns of highand low-leverage firms increases as the refinancing intensity increases (i.e. debt maturities become shorter). These findings are consistent with the notion that shareholders demand a premium for holding hi ...
What do we know about high-frequency trading?
... HFT market-makers have largely replaced human market makers. Other HFT strategies conduct cross-market arbitrage, such as ensuring that prices of the same share trading in both New York and London are the same. In the past, human traders would carry out this type of arbitrage, but the same trading s ...
... HFT market-makers have largely replaced human market makers. Other HFT strategies conduct cross-market arbitrage, such as ensuring that prices of the same share trading in both New York and London are the same. In the past, human traders would carry out this type of arbitrage, but the same trading s ...
Difference of Stock Return Distributions and the Cross
... The results show that there is a cross-sectional variation of the DDs; the DD increases from 0.0199 to 0.0407. substantial. ...
... The results show that there is a cross-sectional variation of the DDs; the DD increases from 0.0199 to 0.0407. substantial. ...
Customer Equity Evaluation: A Study With Reference to Jammu and
... performing with regard to the tactical decisions it makes in handling and extracting value from the customer. Academic researchers have written scores of articles and books on this topic (for examples; Rust, Zeithaml & Lemon, 2000; Blattberg, Getz & Thomas, 2001; Gupta & Lehmann, 2005). The growing ...
... performing with regard to the tactical decisions it makes in handling and extracting value from the customer. Academic researchers have written scores of articles and books on this topic (for examples; Rust, Zeithaml & Lemon, 2000; Blattberg, Getz & Thomas, 2001; Gupta & Lehmann, 2005). The growing ...
February 26, 2013 VIA ELECTRONIC MAIL Mr. Gary Barnett
... invest in some combination of other registered funds and/or private funds. Their managers also may engage sub-advisers to directly manage one or more portions of the fund’s assets (each such portion referred to as a “Sub-Advised Sleeve”7), with or without some level of direct trading by the manager. ...
... invest in some combination of other registered funds and/or private funds. Their managers also may engage sub-advisers to directly manage one or more portions of the fund’s assets (each such portion referred to as a “Sub-Advised Sleeve”7), with or without some level of direct trading by the manager. ...
The Dynamics of the Formal Urban Land market in South Africa
... significantly enhanced. Where this does not apply, and the regulatory and policy environment is at odds with the principles governing the market’s operation, market activity will be compromised and its overall effectiveness and potential as a complementary supplier of housing solutions to the lower ...
... significantly enhanced. Where this does not apply, and the regulatory and policy environment is at odds with the principles governing the market’s operation, market activity will be compromised and its overall effectiveness and potential as a complementary supplier of housing solutions to the lower ...
Epsilon Fund - Fideuram Vita
... Unitholders should be aware that investments in the Sub-Funds may involve credit risks. Investments in bonds or other debt instruments, for example, involve credit risk. In the event that any issuer experiences difficulties related to the general condition of credit markets or more specific situatio ...
... Unitholders should be aware that investments in the Sub-Funds may involve credit risks. Investments in bonds or other debt instruments, for example, involve credit risk. In the event that any issuer experiences difficulties related to the general condition of credit markets or more specific situatio ...
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.