OM Asset Management plc (Form: 10-K, Received
... Through our Affiliates, we serve a diverse investor base in the institutional and sub-advisory channels in the U.S. and around the world. These clients are highly sophisticated, value the stability and equity ownership of our Affiliates, and typically reward our Affiliates' strong process-driven in ...
... Through our Affiliates, we serve a diverse investor base in the institutional and sub-advisory channels in the U.S. and around the world. These clients are highly sophisticated, value the stability and equity ownership of our Affiliates, and typically reward our Affiliates' strong process-driven in ...
BDC`s 2016 Annual Report
... generation of owners. As part of our commitment to support women entrepreneurs, in the last fiscal year we authorized $247.4 million in loans to majority women-owned businesses. This represents over a third of BDC’s $700 million commitment over three years to better support these entrepreneurs. We a ...
... generation of owners. As part of our commitment to support women entrepreneurs, in the last fiscal year we authorized $247.4 million in loans to majority women-owned businesses. This represents over a third of BDC’s $700 million commitment over three years to better support these entrepreneurs. We a ...
GFI Group Inc. (Form: 10-K, Received: 03/13/2015
... products to institutional customers in markets for a range of fixed income, financial, equity and commodity instruments. We provide execution services for our institutional wholesale customers by either matching their trading needs with counterparties having reciprocal interests or directing their o ...
... products to institutional customers in markets for a range of fixed income, financial, equity and commodity instruments. We provide execution services for our institutional wholesale customers by either matching their trading needs with counterparties having reciprocal interests or directing their o ...
Credit default swaps around the world: Investment and
... An analysis of the effects of CDS introduction must, by necessity, consider endogeneity biases since CDS introduction is not random. These potential biases may be related to characteristics of firms, as well as key attributes of firms’ home country. We carefully address these concerns using a recen ...
... An analysis of the effects of CDS introduction must, by necessity, consider endogeneity biases since CDS introduction is not random. These potential biases may be related to characteristics of firms, as well as key attributes of firms’ home country. We carefully address these concerns using a recen ...
An Empirical Analysis of Capital Structure and Abnormal Returns
... year. Financial companies including banks, investment companies, insurance/life assurances and companies that change the fiscal period’s end date during the research period are excluded. 1092 financial companies are hence removed. 490 companies are removed because they do not have matching year-end ...
... year. Financial companies including banks, investment companies, insurance/life assurances and companies that change the fiscal period’s end date during the research period are excluded. 1092 financial companies are hence removed. 490 companies are removed because they do not have matching year-end ...
Hot debt market - Adverse selection costs as a debt issue driver
... financing with all the listing news, debt issuance market actually covers a substantial part of all the capital raisings globally as can be seen in Figure 1. This is even after excluding the debt issues by financial firms that dominate the bond market; in 2010 bonds outstanding of financial institut ...
... financing with all the listing news, debt issuance market actually covers a substantial part of all the capital raisings globally as can be seen in Figure 1. This is even after excluding the debt issues by financial firms that dominate the bond market; in 2010 bonds outstanding of financial institut ...
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... survey data. Mainly, the determinants and the uses of remittances have been discussed. Literature on the implications of remittances on the overall economy is much less rich.4 Several microeconomic studies indicate that the education and the income level of the migrant and his family are the main de ...
... survey data. Mainly, the determinants and the uses of remittances have been discussed. Literature on the implications of remittances on the overall economy is much less rich.4 Several microeconomic studies indicate that the education and the income level of the migrant and his family are the main de ...
Complete Financial Statements (IFRS) - 1Q2017
... International Accounting Standards Board (IASB). Our responsibility is to express a conclusion on these interim financial statements based on our review. Scope of review We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC ...
... International Accounting Standards Board (IASB). Our responsibility is to express a conclusion on these interim financial statements based on our review. Scope of review We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC ...
Stock Return Serial Dependence and Out-of
... factors (market, small minus big, high minus low book-to-market, and upminus down), and we find that the market and high-minus-low factors drive most of the predictability exploited by the conditional portfolios. Moreover, we observe also that the gains from exploiting stock return serial dependence ...
... factors (market, small minus big, high minus low book-to-market, and upminus down), and we find that the market and high-minus-low factors drive most of the predictability exploited by the conditional portfolios. Moreover, we observe also that the gains from exploiting stock return serial dependence ...
TORTOISE CAPITAL RESOURCES CORP (Form: N
... We invest primarily in privately-held and micro-cap public energy companies focused on the midstream and downstream segments, and to a lesser extent the upstream segment of the U.S. energy infrastructure sector. We believe companies in the energy infrastructure sector generally produce stable cash f ...
... We invest primarily in privately-held and micro-cap public energy companies focused on the midstream and downstream segments, and to a lesser extent the upstream segment of the U.S. energy infrastructure sector. We believe companies in the energy infrastructure sector generally produce stable cash f ...
The Capital Conundrum for Co-operatives
... in accessing and retaining capital, in particular, how to “secure reliable co-operative capital while guaranteeing member control”. Co-operatives, like business of all forms, face challenges in securing the right amount of capital of the right kind. Following the global financial crisis, financial i ...
... in accessing and retaining capital, in particular, how to “secure reliable co-operative capital while guaranteeing member control”. Co-operatives, like business of all forms, face challenges in securing the right amount of capital of the right kind. Following the global financial crisis, financial i ...
The Governance and Financial management of Endowed Charitable
... and identifies key issues that might help improve their governance and financial management. It is aimed at the lay reader with no particular expertise in law, finance or investment management. There are 900 endowed charitable foundations in England and Wales with annual income exceeding £500k, of a ...
... and identifies key issues that might help improve their governance and financial management. It is aimed at the lay reader with no particular expertise in law, finance or investment management. There are 900 endowed charitable foundations in England and Wales with annual income exceeding £500k, of a ...
Anno Stolper: The Appeal of Risky Assets
... Englmaier, Felix Reinshagen, Christian Leuz and seminar participants at Munich for helpful comments. Financial support from Deutsche Forschungsgemeinschaft through GRK 801 is gratefully acknowledged. ...
... Englmaier, Felix Reinshagen, Christian Leuz and seminar participants at Munich for helpful comments. Financial support from Deutsche Forschungsgemeinschaft through GRK 801 is gratefully acknowledged. ...
Essays on Capital Structure Stability - cerge-ei
... leverage is defined as the sum of short-term and long-term debt over total assets. This measure does not take into account that some assets may be offset by specific non-debt liabilities, for example, an increase in the gross amount of trade credit leading to a narrow leverage reduction (Rajan and Z ...
... leverage is defined as the sum of short-term and long-term debt over total assets. This measure does not take into account that some assets may be offset by specific non-debt liabilities, for example, an increase in the gross amount of trade credit leading to a narrow leverage reduction (Rajan and Z ...
Essays on the Forecasting Power of Implied Volatility
... In theory, if Black-Scholes is the correct option-pricing model, we should observe the same volatility for all European options with the same exercise price and time to maturity. But in reality, due to either Black-Scholes not being the correct model or to the existence of market frictions and meas ...
... In theory, if Black-Scholes is the correct option-pricing model, we should observe the same volatility for all European options with the same exercise price and time to maturity. But in reality, due to either Black-Scholes not being the correct model or to the existence of market frictions and meas ...
SAMSUNG ELECTRONICS AND APPLE, INC.: A STUDY IN
... joined many growing marketplaces through a step-by-step strategy and has also departed the marketplaces that have been discovered to be unprofitable. In many marketplaces in which Samsung functions, there are many providers who are willing to provide their solutions at a lower price since the additi ...
... joined many growing marketplaces through a step-by-step strategy and has also departed the marketplaces that have been discovered to be unprofitable. In many marketplaces in which Samsung functions, there are many providers who are willing to provide their solutions at a lower price since the additi ...
The Misguided Beliefs of Financial Advisors
... advice. Using detailed data on financial advisors and their clients, however, we show that most advisors invest their personal portfolios just like they advise their clients. They trade frequently, chase returns, and prefer expensive, actively managed funds over cheap index funds. Differences in adv ...
... advice. Using detailed data on financial advisors and their clients, however, we show that most advisors invest their personal portfolios just like they advise their clients. They trade frequently, chase returns, and prefer expensive, actively managed funds over cheap index funds. Differences in adv ...
Uncertainty in Executive Compensation and Capital Investment: A Panel Study
... We develop two competing hypotheses regarding the impact of compensation structure on capital investment. The Over-Investment Hypothesis--many papers argue that managers may over invest in capital projects. Stulz (1990) explains that managers want to maximize investment (even in negative NPV project ...
... We develop two competing hypotheses regarding the impact of compensation structure on capital investment. The Over-Investment Hypothesis--many papers argue that managers may over invest in capital projects. Stulz (1990) explains that managers want to maximize investment (even in negative NPV project ...
The concept of investment efficiency and its application to
... 2.2.2 This mission will be shaped both by the composition of the management group and by the extent to which it is appropriate to incorporate the interests of the source of funds as opposed to purely those of the beneficiaries. In a defined benefit pension fund, for example, an employerdominated man ...
... 2.2.2 This mission will be shaped both by the composition of the management group and by the extent to which it is appropriate to incorporate the interests of the source of funds as opposed to purely those of the beneficiaries. In a defined benefit pension fund, for example, an employerdominated man ...
Managed Futures: Portfolio Diversification Opportunities
... experience during a market retrenchment, are an inevitable part of any investment. However, because managed futures trading advisors can go long or short — and typically adhere to strict stop-loss limits — managed futures funds have historically limited their drawdowns more effectively than many oth ...
... experience during a market retrenchment, are an inevitable part of any investment. However, because managed futures trading advisors can go long or short — and typically adhere to strict stop-loss limits — managed futures funds have historically limited their drawdowns more effectively than many oth ...
International Finance Corporation
... Under the Program, the Corporation, subject to compliance with all relevant laws, regulations and directives, may from time to time issue notes with maturities of three months or longer from the date of the original issue (the “Notes”, which term, for the purposes of this Series Prospectus and where ...
... Under the Program, the Corporation, subject to compliance with all relevant laws, regulations and directives, may from time to time issue notes with maturities of three months or longer from the date of the original issue (the “Notes”, which term, for the purposes of this Series Prospectus and where ...
Detailed Assessment of Implementation on IOSCO Principles
... for both listed equity securities and debt (government and corporate) and some unlisted securities, primarily commercial paper. It also acts as a clearinghouse for some debt trading. SAFCOM, a wholly owned subsidiary of the JSE, is a licensed clearinghouse for derivatives listed on the JSE. ...
... for both listed equity securities and debt (government and corporate) and some unlisted securities, primarily commercial paper. It also acts as a clearinghouse for some debt trading. SAFCOM, a wholly owned subsidiary of the JSE, is a licensed clearinghouse for derivatives listed on the JSE. ...
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.