04.06.2016Dividend policy
... changes its dividend policy in a significant manner, investors assume that it is in response to an expected change in the firm’s profitability which will last long. An increase in payout ratio signals to shareholders a permanent or long term increase in firm’s expected earnings. It is argued that th ...
... changes its dividend policy in a significant manner, investors assume that it is in response to an expected change in the firm’s profitability which will last long. An increase in payout ratio signals to shareholders a permanent or long term increase in firm’s expected earnings. It is argued that th ...
Equal opportunity rule vs. market rule in transfer of control - Hal-SHS
... insist on the importance of the prior private phase in the takeover process. They show that negotiation develops and that competition is stronger during this first phase than in the ensuing public phase of the bid. Considering a sample of 400 US takeovers, one-half of the target firms are auctioned ...
... insist on the importance of the prior private phase in the takeover process. They show that negotiation develops and that competition is stronger during this first phase than in the ensuing public phase of the bid. Considering a sample of 400 US takeovers, one-half of the target firms are auctioned ...
Prospectus SEB Alternative Investment
... The Management Company, SEB Asset Management S.A., was established on 15 July 1988 with subsequent publication of the articles of incorporation in the Mémorial C on 16 August 1988. The articles of incorporation were amended for the last time on 6 March 2013 with subsequent publication in the Mémoria ...
... The Management Company, SEB Asset Management S.A., was established on 15 July 1988 with subsequent publication of the articles of incorporation in the Mémorial C on 16 August 1988. The articles of incorporation were amended for the last time on 6 March 2013 with subsequent publication in the Mémoria ...
tortoise capital resources corporation
... (6) In July 2008, LONESTAR Midstream Partners, LP sold its assets to Penn Virginia Resource Partners, L.P. (PVR). LONESTAR has no continuing operations, but currently holds certain rights to receive future payments from PVR relative to the sale. LSMP GP, LP indirectly owns the general partner of LO ...
... (6) In July 2008, LONESTAR Midstream Partners, LP sold its assets to Penn Virginia Resource Partners, L.P. (PVR). LONESTAR has no continuing operations, but currently holds certain rights to receive future payments from PVR relative to the sale. LSMP GP, LP indirectly owns the general partner of LO ...
Medicine Hat-based financial advisor fined $70000 for
... 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. Kunz’s conduct in August 2014. The violations occurred while he was a Registered Representative ...
... 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. Kunz’s conduct in August 2014. The violations occurred while he was a Registered Representative ...
Recap - Vutube.edu.pk
... responsibility of selling the old vehicles. A lessee does not have to worry about the future value of the vehicle, while a vehicle owner does ...
... responsibility of selling the old vehicles. A lessee does not have to worry about the future value of the vehicle, while a vehicle owner does ...
An Empirical Analysis of the Profitability of Technical Analysis
... rules to determine when to buy or sell. A large survey conducted in 2010, found that technical analysis is widely applied by hedge fund managers around the world (Menkhoff, 2010). Together with fundamental analysis, which aims to determine the intrinsic (or fundamental) value of an asset based on fi ...
... rules to determine when to buy or sell. A large survey conducted in 2010, found that technical analysis is widely applied by hedge fund managers around the world (Menkhoff, 2010). Together with fundamental analysis, which aims to determine the intrinsic (or fundamental) value of an asset based on fi ...
Gold and Precious Metals Fund
... Fund for the first year of launch. The estimate of the average net assets used for calculating the ongoing charges figure is USD100 million. However, the actual ongoing expenses and average net assets of the Receiving Fund may be different from the estimates. ...
... Fund for the first year of launch. The estimate of the average net assets used for calculating the ongoing charges figure is USD100 million. However, the actual ongoing expenses and average net assets of the Receiving Fund may be different from the estimates. ...
ask investment managers private limited
... [i] The present investment objectives and policies, including the types of securities in which investments are generally made Investment Philosophy ASK Investment Managers’ (ASKIM) investment philosophy revolves around two key aspects: Endeavour to preserve capital and generate long term returns. AS ...
... [i] The present investment objectives and policies, including the types of securities in which investments are generally made Investment Philosophy ASK Investment Managers’ (ASKIM) investment philosophy revolves around two key aspects: Endeavour to preserve capital and generate long term returns. AS ...
The Welfare Cost of Business Cycles with
... YiLi Chien is a senior economist at the Federal Reserve Bank of St. Louis. © 2015, The Federal Reserve Bank of St. Louis. The views expressed in this article are those of the author(s) and do not necessarily reflect the views of the Federal Reserve System, the Board of Governors, or the regional Fed ...
... YiLi Chien is a senior economist at the Federal Reserve Bank of St. Louis. © 2015, The Federal Reserve Bank of St. Louis. The views expressed in this article are those of the author(s) and do not necessarily reflect the views of the Federal Reserve System, the Board of Governors, or the regional Fed ...
Portfolio Performance, Discount Dynamics, and the Turnover of Closed-End Fund Mangers
... and its implications for manager replacement, when they set the share price and, thus, the discount or premium from NAV. If they do, we may find that the anticipation of manager replacement may have important influences on the relation between NAV performance and fund discounts. Our results are as f ...
... and its implications for manager replacement, when they set the share price and, thus, the discount or premium from NAV. If they do, we may find that the anticipation of manager replacement may have important influences on the relation between NAV performance and fund discounts. Our results are as f ...
Dreyfus Variable Investment Fund: Quality Bond Portfolio
... An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money. • ...
... An investment in the fund is not a bank deposit. It is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. It is not a complete investment program. The fund's share price fluctuates, sometimes dramatically, which means you could lose money. • ...
Mutual Fund Performance: Luck or Skill?
... convincing evidence that mutual funds provide superior performance dramatically influences the investing habits of individuals. The lack of such evidence along with such straightforward factors as the ease of trading ETFs and lower management costs for ETFs have most likely led to the growth of ETFs ...
... convincing evidence that mutual funds provide superior performance dramatically influences the investing habits of individuals. The lack of such evidence along with such straightforward factors as the ease of trading ETFs and lower management costs for ETFs have most likely led to the growth of ETFs ...
Banking and Money Markets - NYU Stern School of Business
... Passive vs. Active Investors It’s an internet information age Domestic shareholders want global returns – asset managers must beat benchmarks Corporations or financial institutions which cling to underperforming assets will have lower ROE and share prices Which makes them vulnerable to restru ...
... Passive vs. Active Investors It’s an internet information age Domestic shareholders want global returns – asset managers must beat benchmarks Corporations or financial institutions which cling to underperforming assets will have lower ROE and share prices Which makes them vulnerable to restru ...
Two and Twenty - New York University Law Review
... Private equity fund managers take a share of the profits of the partnership as the equity portion of their compensation. The tax rules for compensating general partners create a planning opportunity for managers who receive the industry standard “two and twenty” (a two percent management fee and twe ...
... Private equity fund managers take a share of the profits of the partnership as the equity portion of their compensation. The tax rules for compensating general partners create a planning opportunity for managers who receive the industry standard “two and twenty” (a two percent management fee and twe ...
REITs and Real Estate
... equity funds provide a more efficient investment vehicle as they create economies of scale through pooling of investors’ capital to create diversified property portfolios with professional portfolio and property management. The popularity of this approach is demonstrated by an investment queue of an ...
... equity funds provide a more efficient investment vehicle as they create economies of scale through pooling of investors’ capital to create diversified property portfolios with professional portfolio and property management. The popularity of this approach is demonstrated by an investment queue of an ...
guanxi: understanding social capital in China market
... encompassing a wide range of individuals or collective role identities and their concerns. Guanxi is not appreciated by its participants under the narrow lens of a specific transaction but in the long horizon of a relationship inscribed in a vast and pluralistic network. This horizon will vary for e ...
... encompassing a wide range of individuals or collective role identities and their concerns. Guanxi is not appreciated by its participants under the narrow lens of a specific transaction but in the long horizon of a relationship inscribed in a vast and pluralistic network. This horizon will vary for e ...
Market Makers
... 614D. A Market Maker wishing to conduct Options Hedging Short Selling shall notify the Exchange of its intention. A Market Maker may also apply to the Exchange to register one or more Exchange Participants as its Options Hedging Participants which will conduct on its behalf Options Hedging Transact ...
... 614D. A Market Maker wishing to conduct Options Hedging Short Selling shall notify the Exchange of its intention. A Market Maker may also apply to the Exchange to register one or more Exchange Participants as its Options Hedging Participants which will conduct on its behalf Options Hedging Transact ...
The Role of ABS, CDS and CDOs in the Credit Crisis and the Economy
... 2. Errors made by the credit rating agencies in rating both (a) corporate debt and (b) structured debt.1 3. Government regulation with respect to credit ratings, and government policies with respect to the expansion of mortgage loans to low-income households. Like the "perfect storm, in conjunction ...
... 2. Errors made by the credit rating agencies in rating both (a) corporate debt and (b) structured debt.1 3. Government regulation with respect to credit ratings, and government policies with respect to the expansion of mortgage loans to low-income households. Like the "perfect storm, in conjunction ...
Market Linked Securities
... • Add a layer of partial protection against losses at maturity • Gain or increase exposure to different asset classes You can find a discussion of risks and investment considerations below and in the preliminary pricing supplement and other related offering documents for any Market Linked Security ...
... • Add a layer of partial protection against losses at maturity • Gain or increase exposure to different asset classes You can find a discussion of risks and investment considerations below and in the preliminary pricing supplement and other related offering documents for any Market Linked Security ...
NBER WORKING PAPER SERIES INDIA’S EXPERIENCE WITH CAPITAL FLOWS: CURRENT ACCOUNT DEFICIT
... Through these policy initiatives, gross flows on the capital account grew from 15% of GDP in 1992-93 to 20% of GDP in 2003-04, along with sharp changes in the composition of flows. In 2003-04, gross portfolio flows amounted to as much as 7% of GDP. The growth of the capital account, and the shift to ...
... Through these policy initiatives, gross flows on the capital account grew from 15% of GDP in 1992-93 to 20% of GDP in 2003-04, along with sharp changes in the composition of flows. In 2003-04, gross portfolio flows amounted to as much as 7% of GDP. The growth of the capital account, and the shift to ...
Firewalls: Controlling Short-Term Capital Flows Senior Sophisters
... Several countries avoided this, however, by either allowing the exchange rate to appreciate, or by using sterilised intervention in the currency market. Most countries also saw dramatic increases in stock and asset prices as well as real exchange rate appreciations.10 Under these circumstances, alth ...
... Several countries avoided this, however, by either allowing the exchange rate to appreciate, or by using sterilised intervention in the currency market. Most countries also saw dramatic increases in stock and asset prices as well as real exchange rate appreciations.10 Under these circumstances, alth ...
Long-Term Analysis Conquers Wrong Turn Paralysis
... When viewed in this way it is clear that the key risk to fixed income returns are a normalisation of real interest rates (after inflation) rather than a sustainable rise in inflation. It is therefore somewhat surprising that the threat of inflation is garnering more attention in the media and among ...
... When viewed in this way it is clear that the key risk to fixed income returns are a normalisation of real interest rates (after inflation) rather than a sustainable rise in inflation. It is therefore somewhat surprising that the threat of inflation is garnering more attention in the media and among ...
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.