American International Group, Inc.
... and, to a lesser extent, investments in high yield bonds, common stock, real estate, hedge funds and other alternative investments. The majority of assets backing our insurance liabilities consist of intermediate and long duration fixed maturity securities. Non-Life Insurance Companies — Fixed matur ...
... and, to a lesser extent, investments in high yield bonds, common stock, real estate, hedge funds and other alternative investments. The majority of assets backing our insurance liabilities consist of intermediate and long duration fixed maturity securities. Non-Life Insurance Companies — Fixed matur ...
Proposed Rule: Money Market Fund Reform
... “money market funds”) under the Investment Company Act of 1940. The two alternatives are designed to address money market funds’ susceptibility to heavy redemptions, improve their ability to manage and mitigate potential contagion from such redemptions, and increase the transparency of their risks, ...
... “money market funds”) under the Investment Company Act of 1940. The two alternatives are designed to address money market funds’ susceptibility to heavy redemptions, improve their ability to manage and mitigate potential contagion from such redemptions, and increase the transparency of their risks, ...
2016 年 11 月 1 日～2017 年 4 月 30 日
... This interim report and unaudited financial statements (the “Report and Accounts”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Accounts. To the extent that there is any inconsistency ...
... This interim report and unaudited financial statements (the “Report and Accounts”) may be translated into other languages. Any such translation shall only contain the same information and have the same meaning as the English language Report and Accounts. To the extent that there is any inconsistency ...
Private Pensions/Les pensions privées
... The timing of payments of contributions with Actuarial valuation the aim of meeting the cost of a given set of benefits under a defined benefit scheme. Possible objectives of a funding plan might be that, if the actuarial assumptions are borne out: a) a specified funding level should be reached by a ...
... The timing of payments of contributions with Actuarial valuation the aim of meeting the cost of a given set of benefits under a defined benefit scheme. Possible objectives of a funding plan might be that, if the actuarial assumptions are borne out: a) a specified funding level should be reached by a ...
DREYFUS INTERNATIONAL VALUE FUND
... stocks, the Fund’s portfolio managers identify potential investments through extensive quantitative and fundamental research. Emphasizing individual stock selection rather than economic and industry trends, the Fund focuses on three key factors: value; business health; and business momentum. TBCAM i ...
... stocks, the Fund’s portfolio managers identify potential investments through extensive quantitative and fundamental research. Emphasizing individual stock selection rather than economic and industry trends, the Fund focuses on three key factors: value; business health; and business momentum. TBCAM i ...
MSCI ID Sign In
... in its current form, for this analysis we assume that the countries that make up Europe will continue to have close economic ties. Overall, we find that both markets are broad and well-diversified with more similarities than differences. Contagion risks from foreign sources are important for both US ...
... in its current form, for this analysis we assume that the countries that make up Europe will continue to have close economic ties. Overall, we find that both markets are broad and well-diversified with more similarities than differences. Contagion risks from foreign sources are important for both US ...
WESTPAC BANKING CORP (Form: 6-K, Received
... Westpac to apply advanced models permitted by the Basel III global capital adequacy regime to the measurement of its regulatory capital requirements. Westpac uses the Advanced Internal Ratings-Based approach (Advanced IRB) for credit risk and the Advanced Measurement Approach (AMA) for operational r ...
... Westpac to apply advanced models permitted by the Basel III global capital adequacy regime to the measurement of its regulatory capital requirements. Westpac uses the Advanced Internal Ratings-Based approach (Advanced IRB) for credit risk and the Advanced Measurement Approach (AMA) for operational r ...
Morningstar Guide
... The Morningstar Rating is based on risk-adjusted return, which is calculated by subtracting a risk penalty from total return, after accounting for all sales charges, loads, and redemption fees. The penalty is determined by the amount of variation in monthly returns, with an emphasis on downward vari ...
... The Morningstar Rating is based on risk-adjusted return, which is calculated by subtracting a risk penalty from total return, after accounting for all sales charges, loads, and redemption fees. The penalty is determined by the amount of variation in monthly returns, with an emphasis on downward vari ...
Stock market liquidity and firm value
... a large relationship investor’s monitoring decision. The investor monitors and trades with an aim to profit from the price appreciation caused by his monitoring activities. Maug concludes that liquid stock markets, far from being a hindrance to corporate control, tend to support effective corporate g ...
... a large relationship investor’s monitoring decision. The investor monitors and trades with an aim to profit from the price appreciation caused by his monitoring activities. Maug concludes that liquid stock markets, far from being a hindrance to corporate control, tend to support effective corporate g ...
FLUXYS
... the annual report gives a fair review of the development and performance of the business and of the position of the company itself and of the companies included in the consolidation scope, together with a description of the principal risks and uncertainties that they face. ...
... the annual report gives a fair review of the development and performance of the business and of the position of the company itself and of the companies included in the consolidation scope, together with a description of the principal risks and uncertainties that they face. ...
The Kay Review of UK Equity Markets and Long–Term Decision
... In 2010, only 11.5 per cent of UK shares were owned directly by individuals. In the early 1960s this figure was as high as 54 per cent. The major investment decisions which affect British companies are now taken by asset fund managers around the world who work for firms which control billions, often ...
... In 2010, only 11.5 per cent of UK shares were owned directly by individuals. In the early 1960s this figure was as high as 54 per cent. The major investment decisions which affect British companies are now taken by asset fund managers around the world who work for firms which control billions, often ...
Pillar 3 Report for 30 September 2016 (PDF 1MB)
... Management Strategy and the establishment of additional controls through supporting frameworks and policies. Overview of key risk types ...
... Management Strategy and the establishment of additional controls through supporting frameworks and policies. Overview of key risk types ...
AVALONBAY COMMUNITIES INC (Form: 10-K
... contract. Options and long-term conditional contracts generally allow us to acquire the target site shortly before the start of construction, which reduces development-related risks and preserves capital. However, as a result of competitive market conditions for land suitable for development, we hav ...
... contract. Options and long-term conditional contracts generally allow us to acquire the target site shortly before the start of construction, which reduces development-related risks and preserves capital. However, as a result of competitive market conditions for land suitable for development, we hav ...
A Theory of Repurchase Agreements, Collateral Re-use
... a run on repos could lead to a financial market meltdown speaks to their importance for money markets. Overall, repo market activity is enormous. Recent surveys estimate outstanding volumes at €5.4 trillion in Europe while $3.8 trillion to $5.5 trillion are traded in the US, depending on calculation ...
... a run on repos could lead to a financial market meltdown speaks to their importance for money markets. Overall, repo market activity is enormous. Recent surveys estimate outstanding volumes at €5.4 trillion in Europe while $3.8 trillion to $5.5 trillion are traded in the US, depending on calculation ...
ABN AMRO Holding N.V.
... Factors that could also adversely affect ABN AMRO’s results or the accuracy of forward-looking statements in this report, and the factors discussed here or in the paragraph ‘Risk factors’ should not be regarded as a complete set of all potential risks or uncertainties. ABN AMRO has economic, financi ...
... Factors that could also adversely affect ABN AMRO’s results or the accuracy of forward-looking statements in this report, and the factors discussed here or in the paragraph ‘Risk factors’ should not be regarded as a complete set of all potential risks or uncertainties. ABN AMRO has economic, financi ...
FORM 20-F Annual Report 2016
... be adversely affected. In that event, the trading prices of our shares could decline, and you may lose all or part of your investment. In addition to the risks listed below, risks not currently known to us or that we now deem immaterial may also harm us and affect your investment. Our business may b ...
... be adversely affected. In that event, the trading prices of our shares could decline, and you may lose all or part of your investment. In addition to the risks listed below, risks not currently known to us or that we now deem immaterial may also harm us and affect your investment. Our business may b ...
Developing Annuities Markets The Experience of Chile
... This study of the Chilean annuities market consists of seven chapters, two technical annexes, and one statistical annex. It is part of a broader project on annuities coordinated by the Operations Policy Department (OPD) of the World Bank and designed to identify best regulatory practices and institu ...
... This study of the Chilean annuities market consists of seven chapters, two technical annexes, and one statistical annex. It is part of a broader project on annuities coordinated by the Operations Policy Department (OPD) of the World Bank and designed to identify best regulatory practices and institu ...
Market Sentiment and Paradigm Shifts in Equity Premium
... the fundamental component and momentum arises as a result. In contrast, during low sentiment period, the rational investor faces no constraints and the price is always adjusted immediately to its fundamental. Hence there is no momentum effect in low sentiment regime. From a broad perspective, this p ...
... the fundamental component and momentum arises as a result. In contrast, during low sentiment period, the rational investor faces no constraints and the price is always adjusted immediately to its fundamental. Hence there is no momentum effect in low sentiment regime. From a broad perspective, this p ...
On the Design of Collateralized Debt Obligation
... whether securitizations have positive or negative effects on financial stability. In any case, many financial intermediaries use securitizations for their management of default risks. Given the importance of securitizations, there is amazingly little research on securitizations. A subset of these se ...
... whether securitizations have positive or negative effects on financial stability. In any case, many financial intermediaries use securitizations for their management of default risks. Given the importance of securitizations, there is amazingly little research on securitizations. A subset of these se ...
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.