Form AUT – PFS Public Fund supplement
... before carrying out a Fund Manager’s instructions, that those instructions comply with the requirements of CIR 7.1.3. PF16. Please advise of the arrangements that the Trustee / Custody Provider will implement to ensure that the Fund’s unitholder register is maintained in accordance with CIR 8.7. and ...
... before carrying out a Fund Manager’s instructions, that those instructions comply with the requirements of CIR 7.1.3. PF16. Please advise of the arrangements that the Trustee / Custody Provider will implement to ensure that the Fund’s unitholder register is maintained in accordance with CIR 8.7. and ...
SRC review guide for general-purpose governments
... the checklist address purely factual matters or formatting issues that can be resolved easily and objectively during the staff review. Members of GFOA’s Special Review Committee (SRC) are welcome, of course, to use that same comprehensive checklist to perform their own reviews for the Certificate Pr ...
... the checklist address purely factual matters or formatting issues that can be resolved easily and objectively during the staff review. Members of GFOA’s Special Review Committee (SRC) are welcome, of course, to use that same comprehensive checklist to perform their own reviews for the Certificate Pr ...
Assessing Knowledge Assets in Technology
... instance, Bontis (1998) asserted that “the essence of customer capital is knowledge embedded in relationships external to the firm” (p. 69), in which Bontis included all types of agents apart from clients. Kong (2008) stated that “relational capital characterizes an organization’s formal and informa ...
... instance, Bontis (1998) asserted that “the essence of customer capital is knowledge embedded in relationships external to the firm” (p. 69), in which Bontis included all types of agents apart from clients. Kong (2008) stated that “relational capital characterizes an organization’s formal and informa ...
Components of Target Capital for Life Companies
... Implementation of the SST for midsized companies: “For our risk and investment strategy we need to be able to quantify the cash flow structure and the risk bearing capacity of our portfolios. For this the SST is a good (although in many aspects still to be modified and enhanced) basis. In addition, ...
... Implementation of the SST for midsized companies: “For our risk and investment strategy we need to be able to quantify the cash flow structure and the risk bearing capacity of our portfolios. For this the SST is a good (although in many aspects still to be modified and enhanced) basis. In addition, ...
Finding Smart Beta in the Factor Zoo_pdf
... zoo.1 While the concept is entertaining, the proliferation of factors is deeply troubling. The sheer number of factors suggests that it’s better to have more factors than less, but how can investors determine how to use factors in their equity portfolios? The options are endless, particularly given ...
... zoo.1 While the concept is entertaining, the proliferation of factors is deeply troubling. The sheer number of factors suggests that it’s better to have more factors than less, but how can investors determine how to use factors in their equity portfolios? The options are endless, particularly given ...
NTMA Annual Report 2014 - National Treasury Management Agency
... on developing a broad based long-term portfolio across sectors and asset classes. It will target sectors with a high economic impact and will seek co-investors where possible to leverage the effectiveness of its resources. Deployment of funds will necessarily take place on a phased basis as investme ...
... on developing a broad based long-term portfolio across sectors and asset classes. It will target sectors with a high economic impact and will seek co-investors where possible to leverage the effectiveness of its resources. Deployment of funds will necessarily take place on a phased basis as investme ...
Dalton Street Capital Absolute Return Fund Product Disclosure
... indication of what the investment strategy aims to achieve. Fund Benchmark ...
... indication of what the investment strategy aims to achieve. Fund Benchmark ...
FORM 10-Q - Investor Overview
... Financial Condition and Results of Operations”) that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking terms such as “may,” “might,” “will,” “would,” “could,” “should,” “expec ...
... Financial Condition and Results of Operations”) that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking terms such as “may,” “might,” “will,” “would,” “could,” “should,” “expec ...
July 29, 2008 THE PERFORMANCE OF BUSINESS GROUP FIRMS
... Beyond the pure forms, transaction costs literature acknowledges the existence and the growing diffusion of organizational forms that may not be considered either as markets or hierarchies (Williamson, 1991). Intermediate forms include long term contracts, franchising, joint ventures, and business g ...
... Beyond the pure forms, transaction costs literature acknowledges the existence and the growing diffusion of organizational forms that may not be considered either as markets or hierarchies (Williamson, 1991). Intermediate forms include long term contracts, franchising, joint ventures, and business g ...
SEK 75m 4% SEK 62m SEK 0.44
... for packaging paper and an additional fall in pulp prices. Despite this, we are delivering a very strong result for the full year with an operating margin that met our 10% target and a return on capital employed of 20%. In order to further strengthen our competitiveness going forward a decision was ...
... for packaging paper and an additional fall in pulp prices. Despite this, we are delivering a very strong result for the full year with an operating margin that met our 10% target and a return on capital employed of 20%. In order to further strengthen our competitiveness going forward a decision was ...
chapter 7—long-term debt
... 18. Some companies achieve benefits by hundreds of millions of dollars by a pension termination. ANS: T 19. Times interest earned indicates a firm's long-term, debt-paying ability from the balance sheet view. ANS: F 20. Capitalization of interest results in interest being added to a fixed asset inst ...
... 18. Some companies achieve benefits by hundreds of millions of dollars by a pension termination. ANS: T 19. Times interest earned indicates a firm's long-term, debt-paying ability from the balance sheet view. ANS: F 20. Capitalization of interest results in interest being added to a fixed asset inst ...
Policy Space to Prevent and Mitigate Financial Crises in - G-24
... controls on capital inflows and controls on outflows. Moreover, measures are usually categorized as being “price-based” or “quantity-based” controls. Table 2 lists examples of controls on inflows and outflows, though sometimes the distinction can be murky (Epstein, Grabel and Jomo, 2008; Ocampo, Kre ...
... controls on capital inflows and controls on outflows. Moreover, measures are usually categorized as being “price-based” or “quantity-based” controls. Table 2 lists examples of controls on inflows and outflows, though sometimes the distinction can be murky (Epstein, Grabel and Jomo, 2008; Ocampo, Kre ...
Statement of Advice sample wording
... has a range of flexible features that are simple and easy to use. OneAnswer offers over 90 investment funds from a range of leading fund managers. Investing in these funds through OneAnswer provides a simple and cost effective way to diversify your investment across different fund managers, asset ...
... has a range of flexible features that are simple and easy to use. OneAnswer offers over 90 investment funds from a range of leading fund managers. Investing in these funds through OneAnswer provides a simple and cost effective way to diversify your investment across different fund managers, asset ...
Why do firms speculate? - UvA-DARE
... the wealth function of the manager is concave at the end-of-period firm value, the optimal hedging strategy is to hedge completely because this maximizes his/her income. If the manager’s end-of-period wealth however is a convex function of the end-of-period firm value, the optimal strategy is to hed ...
... the wealth function of the manager is concave at the end-of-period firm value, the optimal hedging strategy is to hedge completely because this maximizes his/her income. If the manager’s end-of-period wealth however is a convex function of the end-of-period firm value, the optimal strategy is to hed ...
What explains developments in business investment?
... the relationship between cash flow and investment in the UK and Germany when they control for differences in firm size and industry. Ruscher and Wolff (2012) show that companies with a low equity ratio and low liquidity buffer are more likely to reduce their investment in bad times. Mills et al. (19 ...
... the relationship between cash flow and investment in the UK and Germany when they control for differences in firm size and industry. Ruscher and Wolff (2012) show that companies with a low equity ratio and low liquidity buffer are more likely to reduce their investment in bad times. Mills et al. (19 ...
QUESTIONS
... DISCUSSION: The first step is to determine the amount of equity. If the debt/equity ratio is .6, then the calculation is .6E + E = $20 million. Thus, E (equity) equals $12.5 million. Debt is therefore $7.5 million. At 9%, interest on $7.5 million of debt is $675,000. Earnings before taxes are $2,325 ...
... DISCUSSION: The first step is to determine the amount of equity. If the debt/equity ratio is .6, then the calculation is .6E + E = $20 million. Thus, E (equity) equals $12.5 million. Debt is therefore $7.5 million. At 9%, interest on $7.5 million of debt is $675,000. Earnings before taxes are $2,325 ...
Li, Yu Qiong
... Decisions of Hearing Panels – are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents. IIROC formally initiated the investigation into Mr. Li’s conduct in March 2012. The violations occurred while he was a Registered Representative wi ...
... Decisions of Hearing Panels – are posted on the IIROC website as they become available. Click here to search and access all IIROC enforcement documents. IIROC formally initiated the investigation into Mr. Li’s conduct in March 2012. The violations occurred while he was a Registered Representative wi ...
Commercial real estate debt
... to invest in development properties. Compared to investment facilities, these typically have a different risk profile and cash flow uncertainty due to undrawn commitments (not possible to match annuity cash flows with certainty). Investment facilities limit the debt market for insurers specifically ...
... to invest in development properties. Compared to investment facilities, these typically have a different risk profile and cash flow uncertainty due to undrawn commitments (not possible to match annuity cash flows with certainty). Investment facilities limit the debt market for insurers specifically ...
`New specialist sources of capital for the social
... upper end (see Figure 1). Clearly then there is potential for engagement with social investment among the institutional investors examined in this research. The interviews undertaken for this research11 found there is a strong belief across the eight investor groups in the potential to increase t ...
... upper end (see Figure 1). Clearly then there is potential for engagement with social investment among the institutional investors examined in this research. The interviews undertaken for this research11 found there is a strong belief across the eight investor groups in the potential to increase t ...
Financial Institutions Instruments and Markets, 5th Edition
... A. that holders of shares generally want to exchange them for bonds and other financial instruments. B. the high expenditure for many individuals and businesses. C. that the lack of money in an economy makes trade in financial assets necessary. D. the refusal of most modern governments to print mone ...
... A. that holders of shares generally want to exchange them for bonds and other financial instruments. B. the high expenditure for many individuals and businesses. C. that the lack of money in an economy makes trade in financial assets necessary. D. the refusal of most modern governments to print mone ...
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.