Selling Time - CSInvesting
... We detect signs that time horizons are shortening in both the “real” economy and financial markets. In real economy terms, this already looks well advanced in Japan, which is the cutting edge of the current monetary experiment (spending, investment and saving are all weak). However, we are much more ...
... We detect signs that time horizons are shortening in both the “real” economy and financial markets. In real economy terms, this already looks well advanced in Japan, which is the cutting edge of the current monetary experiment (spending, investment and saving are all weak). However, we are much more ...
Do Chinese Investors Get What They Don`t Pay For? Expense
... loads were lower than the average level of the US market. Cheng also argued that such low sales loads might decrease investors' transaction costs, and discourage investors from holding investments long term; long term investment is a rational way for investors to enhance return by decreasing transa ...
... loads were lower than the average level of the US market. Cheng also argued that such low sales loads might decrease investors' transaction costs, and discourage investors from holding investments long term; long term investment is a rational way for investors to enhance return by decreasing transa ...
S2000560_en.pdf
... Capital flows returned to the Latin American in the 1990s after nearly a decade-long of the socalled debt crisis that featured a negative transfer of resources. These new capital flows were closely related to the economic reform process in the region. On the one hand, the reforms were a source of at ...
... Capital flows returned to the Latin American in the 1990s after nearly a decade-long of the socalled debt crisis that featured a negative transfer of resources. These new capital flows were closely related to the economic reform process in the region. On the one hand, the reforms were a source of at ...
Role of Private Investment in Economic development of Pakistan
... This study is expected to contribute to an important aspect of the economy of Pakistan known as Private investment and its determinants during the financial period from 1986-87 to 2007-08, and the factors which determine it. The study will analyze those different determinants including interest rate ...
... This study is expected to contribute to an important aspect of the economy of Pakistan known as Private investment and its determinants during the financial period from 1986-87 to 2007-08, and the factors which determine it. The study will analyze those different determinants including interest rate ...
Adverse Selection, Liquidity, and Market Breakdown
... The equilibrium price of the risky asset is equal to the lesser of two amounts: the discounted value of ...
... The equilibrium price of the risky asset is equal to the lesser of two amounts: the discounted value of ...
Brochure - The Brookdale Group
... Since the firm’s formation, Brookdale’s investment funds have made investments totalling more than $2 billion in more than seventy-five Sunbelt properties. The first four Brookdale funds have been fully liquidated, generating total sales revenues in excess of $1 billion for the Brookdale funds and t ...
... Since the firm’s formation, Brookdale’s investment funds have made investments totalling more than $2 billion in more than seventy-five Sunbelt properties. The first four Brookdale funds have been fully liquidated, generating total sales revenues in excess of $1 billion for the Brookdale funds and t ...
Chapter 23- Real Estate Investment Trusts
... 2. Asset Test: >= 75% of a REIT’s total assets must be real estate, mortgages, cash, or federal government securities, and 75% or more of the REIT’s yearly gross income must be derived directly or indirectly from real property (including mortgages, partnerships, and other REITs). No more than 20% of ...
... 2. Asset Test: >= 75% of a REIT’s total assets must be real estate, mortgages, cash, or federal government securities, and 75% or more of the REIT’s yearly gross income must be derived directly or indirectly from real property (including mortgages, partnerships, and other REITs). No more than 20% of ...
NBER WORKING PAPER SERIES INEFFICIENT INVESTMENT WAVES Zhiguo He Péter Kondor
... and after trading the latter group invests all their cash into the new opportunity while the former operates their capital holdings. We consider both the complete market case when the idiosyncratic shock is contractible, and the incomplete market case when the market for such contracts is missing. ...
... and after trading the latter group invests all their cash into the new opportunity while the former operates their capital holdings. We consider both the complete market case when the idiosyncratic shock is contractible, and the incomplete market case when the market for such contracts is missing. ...
View/Open
... Starting in the postwar period, a long phase of worldwide growth began. Argentina also showed growth in investment between 1953 and 1977, an import substitution period, when the country reached its peak in real terms in the century. Then, while most of the developed world continued growing, the dyna ...
... Starting in the postwar period, a long phase of worldwide growth began. Argentina also showed growth in investment between 1953 and 1977, an import substitution period, when the country reached its peak in real terms in the century. Then, while most of the developed world continued growing, the dyna ...
essen-ch18-presentat..
... Like many other markets, financial markets are governed by the forces of supply and demand. ...
... Like many other markets, financial markets are governed by the forces of supply and demand. ...
Rede ning Financial Constraints: a Text-Based
... is not industry-specific and only affects equities, we view this shock as an exogenous shock to a firm’s equity market liquidity. This supply side shock should uniquely affect equity focus constrained firms. We find this to be the case, with no significant effect for the marginally debt constrained ...
... is not industry-specific and only affects equities, we view this shock as an exogenous shock to a firm’s equity market liquidity. This supply side shock should uniquely affect equity focus constrained firms. We find this to be the case, with no significant effect for the marginally debt constrained ...
Innovative Financial Mechanisms for Urban Heritage
... Infrastructure Funds and Real Estate Funds have been growing rapidly in the past few years, but they suffer from various limitations. In both cases the funds generally do not focus on urban regeneration issues and they lack an integrated approach and coherence with city development strategies. Moreo ...
... Infrastructure Funds and Real Estate Funds have been growing rapidly in the past few years, but they suffer from various limitations. In both cases the funds generally do not focus on urban regeneration issues and they lack an integrated approach and coherence with city development strategies. Moreo ...
1 Getting new regulatory policy done: Crowdfunding
... for creative projects and causes. As of January 2014, over 200,000 funding campaigns had been launched on Indiegogo alone.ii Kickstarter claims to have raised more than $1 billion from 5.7 million donors ...
... for creative projects and causes. As of January 2014, over 200,000 funding campaigns had been launched on Indiegogo alone.ii Kickstarter claims to have raised more than $1 billion from 5.7 million donors ...
DSM Resource Acquisition and Market Transformation: Two
... addressed by the utility. Second, both involve attempts to influence the market-oriented behavior of other participants in energy efficiency markets. And third, at least when practiced successfully, both lead to the diffusion of energy efficiency measures and practices, and thus eventually to reduct ...
... addressed by the utility. Second, both involve attempts to influence the market-oriented behavior of other participants in energy efficiency markets. And third, at least when practiced successfully, both lead to the diffusion of energy efficiency measures and practices, and thus eventually to reduct ...
Blue Quay Investment Grade Credit Fund
... the wholesale investor marketplace. Following 3.5 years of successful track record the management team entered into a management buyout of Pepper’s remaining shares in Pepper Investment Management in February 2016 and renamed the business Blue Quay Investment Management. Patrick has over 24 years’ m ...
... the wholesale investor marketplace. Following 3.5 years of successful track record the management team entered into a management buyout of Pepper’s remaining shares in Pepper Investment Management in February 2016 and renamed the business Blue Quay Investment Management. Patrick has over 24 years’ m ...
NBER WORKING PAPER SERIES STOCK AND BOND PRICING IN AN AFFINE ECONOMY
... The general structure of our model is as follows. We begin by specifying the processes for the state variables that account for the fundamental nncertainty in the economy. Importantly, a subset of the set of state variables represents observable economic factors such as dividend growth and inflation ...
... The general structure of our model is as follows. We begin by specifying the processes for the state variables that account for the fundamental nncertainty in the economy. Importantly, a subset of the set of state variables represents observable economic factors such as dividend growth and inflation ...
67075084I_en.pdf
... Many economists maintain that reducing the size of the State would be a good thing for society as a whole, since they consider that public investment is less efficient than private investment. They also assert that the State should not compete with the private sector for the use of productive resour ...
... Many economists maintain that reducing the size of the State would be a good thing for society as a whole, since they consider that public investment is less efficient than private investment. They also assert that the State should not compete with the private sector for the use of productive resour ...
Assumes no US plan participation
... Brief description of vehicle Tax transparent fund for collective investment. Contract based (not a separate legal entity). Established by a management company under which investors by contractual arrangements participate and share in the property of the FCP as co-owners of the assets of the FCP (but ...
... Brief description of vehicle Tax transparent fund for collective investment. Contract based (not a separate legal entity). Established by a management company under which investors by contractual arrangements participate and share in the property of the FCP as co-owners of the assets of the FCP (but ...
Trading Fees and Slow-Moving Capital - Search Faculty
... when the investors have an in…nite horizon. Given the presence of the fee, an investor may decide not to trade, thereby preventing other investors from trading with him, which is an additional endogenous, stochastic and perhaps quantitatively more important consequence of the fee. Liquidity begets ...
... when the investors have an in…nite horizon. Given the presence of the fee, an investor may decide not to trade, thereby preventing other investors from trading with him, which is an additional endogenous, stochastic and perhaps quantitatively more important consequence of the fee. Liquidity begets ...
Camp`s Market Discount Proposal Is a Mixed Bag for
... market discount rules do not differentiate between discount that is attributable to a rise in general interest rates and discount that is attributable to credit risk. Because principal payments on distressed debt lack the predictability and security that typify interest payments on performing debt, ...
... market discount rules do not differentiate between discount that is attributable to a rise in general interest rates and discount that is attributable to credit risk. Because principal payments on distressed debt lack the predictability and security that typify interest payments on performing debt, ...
The Great Escape? A Quantitative Evaluation of the Fed`s Liquidity
... expand its balance sheet. By January 2009, the overall size of the Fed’s balance sheet exceeded $2 trillion, an increase of more than $1 trillion compared to a few months earlier (Figure 1). This expansion mostly involved the Federal Reserve exchanging government liquidity (money or government debt) ...
... expand its balance sheet. By January 2009, the overall size of the Fed’s balance sheet exceeded $2 trillion, an increase of more than $1 trillion compared to a few months earlier (Figure 1). This expansion mostly involved the Federal Reserve exchanging government liquidity (money or government debt) ...
Managing currency exposure in Australian superannuation funds
... changing correlations between the currency and underlying equity market movement. For the last two decades, the AUD has primarily been a ‘risk on’ play. When global equities markets rallied, the AUD appreciated, decreasing the value of the global investment in AUD terms. Conversely, when global mark ...
... changing correlations between the currency and underlying equity market movement. For the last two decades, the AUD has primarily been a ‘risk on’ play. When global equities markets rallied, the AUD appreciated, decreasing the value of the global investment in AUD terms. Conversely, when global mark ...
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.