HEADER: XTX Markets joins Aquis Exchange as a member firm XTX
... e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. We provide consistent liquidity, helping market participants throughout the world obtain the best prices in the various assets classes we cover, regardless of changing market conditions. Our pricing ...
... e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. We provide consistent liquidity, helping market participants throughout the world obtain the best prices in the various assets classes we cover, regardless of changing market conditions. Our pricing ...
A Closer Look at Money Market Funds: Bank CD Alternatives
... A Passport to Low-Risk, High-Return Investing”, 1996, Dearborn Financial Publishing; available through AAII for $15.95 (publisher’s price, $19.95). ...
... A Passport to Low-Risk, High-Return Investing”, 1996, Dearborn Financial Publishing; available through AAII for $15.95 (publisher’s price, $19.95). ...
chapter 32 institutional investors
... (using diversified portfolios of hedge funds, called funds-of-funds, rather than individual hedge funds to measure industry performance, see Fung, Hsieh, Naik, and Ramadorai, 2008). The second important issue is that hedge funds experience both fast moving exposures to underlying assets due to their ...
... (using diversified portfolios of hedge funds, called funds-of-funds, rather than individual hedge funds to measure industry performance, see Fung, Hsieh, Naik, and Ramadorai, 2008). The second important issue is that hedge funds experience both fast moving exposures to underlying assets due to their ...
The Relationship between Firm Sizes and Stock Returns of Service
... strongly from 1964 to 1980. In contrast, size was not important in explaining returns from 1980 to 1997 in the statistical perspective. Similar phenomenon took place in the UK market for size and return relationship during comparable period. Dimson and Marsh (1999) did an outstanding research for th ...
... strongly from 1964 to 1980. In contrast, size was not important in explaining returns from 1980 to 1997 in the statistical perspective. Similar phenomenon took place in the UK market for size and return relationship during comparable period. Dimson and Marsh (1999) did an outstanding research for th ...
CORPORATE GOVERNANCE AR(DEC)
... set out the process by which the appointment had been made and during that process Sir Peter Middleton had stepped aside as Chairman of the Nominations Committee. The statement further set out the case for the appointment of Matthew Barrett, based on his experience and the need to ensure stability ...
... set out the process by which the appointment had been made and during that process Sir Peter Middleton had stepped aside as Chairman of the Nominations Committee. The statement further set out the case for the appointment of Matthew Barrett, based on his experience and the need to ensure stability ...
Disentangling returns from hedged international equities
... All data, unless otherwise stated in the footnote of the relevant page is as at June 2009 and may have changed since. This information has been provided for the information of the recipient only and is not for onward distribution. Issued in the UK by Record Currency Management Limited, which is auth ...
... All data, unless otherwise stated in the footnote of the relevant page is as at June 2009 and may have changed since. This information has been provided for the information of the recipient only and is not for onward distribution. Issued in the UK by Record Currency Management Limited, which is auth ...
Can Financing Constraints Explain the Asset Pricing Puzzles in Production Economies? ∗
... Since many of the factors that drive the target debt to equity ratio depend on non-state contingent characteristics, in the model long term debt is assumed to be independent of the business cycle and therefore constant at the business cycle frequency. Figure (1) shows the justification for this assu ...
... Since many of the factors that drive the target debt to equity ratio depend on non-state contingent characteristics, in the model long term debt is assumed to be independent of the business cycle and therefore constant at the business cycle frequency. Figure (1) shows the justification for this assu ...
Chapter 7
... Constructed in a parallel fashion to individuals who select stocks and invest the same dollar amount in each stock Changes in the index can be reported either in terms of arithmetic or geometric means ...
... Constructed in a parallel fashion to individuals who select stocks and invest the same dollar amount in each stock Changes in the index can be reported either in terms of arithmetic or geometric means ...
AN ANALYSIS OF GLOBAL HFT REGULATION Motivations, Market
... There is little evidence that a market failure exists requiring additional aggressive regulation of HFT, or that government intervention will achieve market integrity or “fairness” goals better than existing market incentives. ...
... There is little evidence that a market failure exists requiring additional aggressive regulation of HFT, or that government intervention will achieve market integrity or “fairness” goals better than existing market incentives. ...
BASEL I and BASEL II: HISTORY OF AN EVOLUTION
... – The very largest banks will operate under a system that is different than that used by other banks – The implications of this for long-term competition between these banks is uncertain, but merits further attention ...
... – The very largest banks will operate under a system that is different than that used by other banks – The implications of this for long-term competition between these banks is uncertain, but merits further attention ...
A Switch Criterion for Defined Contribution Pension Schemes
... The basic strategy The aim is to minimize the probability of failing the target pension • Find the optimal number of years for investing the contributions into equities: SC • After SC the new contributions are invested into bonds, while the old contributions remain invested into equities (equity fu ...
... The basic strategy The aim is to minimize the probability of failing the target pension • Find the optimal number of years for investing the contributions into equities: SC • After SC the new contributions are invested into bonds, while the old contributions remain invested into equities (equity fu ...
Credit Suisse Real Estate Fund LivingPlus
... additional risk that the foreign currency might lose value against the investor's reference currency. Historical returns and financial market scenarios are no guarantee of present and future performance. Performance data do not take into account any commissions and costs charged for issue and redemp ...
... additional risk that the foreign currency might lose value against the investor's reference currency. Historical returns and financial market scenarios are no guarantee of present and future performance. Performance data do not take into account any commissions and costs charged for issue and redemp ...
Dividends and Stock Valuation: A Study From the Nineteenth to the
... to provide a new perspective into how investors value assets and how this depends on economic conditions. This complements the standard asset pricing tests which focus on what factors influence the changes in the actual price and ignore what factors may influence the fundamental price – arguably th ...
... to provide a new perspective into how investors value assets and how this depends on economic conditions. This complements the standard asset pricing tests which focus on what factors influence the changes in the actual price and ignore what factors may influence the fundamental price – arguably th ...
Overview of Financial Statement Analysis
... Liquidity (meeting short-term obligations) Solvency (meeting long-term obligations) Profitability (earnings and cost coverage) Cash Flow (quality of earnings) Price Multiples (stock price) Ch 6 ...
... Liquidity (meeting short-term obligations) Solvency (meeting long-term obligations) Profitability (earnings and cost coverage) Cash Flow (quality of earnings) Price Multiples (stock price) Ch 6 ...
Financialization and a New Paradigm for Financial Markets
... transmits and allocates investment capital to users—businesses, institutions, governments and households. One element of this process is mechanically matching current investment supply with capital demand. But the needs of investors and consumers of capital are often not the same. For instance, inve ...
... transmits and allocates investment capital to users—businesses, institutions, governments and households. One element of this process is mechanically matching current investment supply with capital demand. But the needs of investors and consumers of capital are often not the same. For instance, inve ...
International investment position: market valuation and the effects of
... recording direct investment in unlisted companies at their estimated market value at any given time. As a result, most countries, including Iceland, have elected to record the stock of direct investment at book value. In instances involving companies not listed on a securities exchange, this method ...
... recording direct investment in unlisted companies at their estimated market value at any given time. As a result, most countries, including Iceland, have elected to record the stock of direct investment at book value. In instances involving companies not listed on a securities exchange, this method ...
My Agenda (working) - University of Rochester
... FA Tech Ventures High Peaks Venture Group NYS SBTIF Advantage Capital ...
... FA Tech Ventures High Peaks Venture Group NYS SBTIF Advantage Capital ...
PDP-Working Paper
... economy. These mutually reinforcing interactions tend to amplify business cycle fluctuations and cause or exacerbate financial instability.” As the global financial crisis has reaffirmed, this instability can easily feed through into the real economy.3 The banking sector is especially prone to this ...
... economy. These mutually reinforcing interactions tend to amplify business cycle fluctuations and cause or exacerbate financial instability.” As the global financial crisis has reaffirmed, this instability can easily feed through into the real economy.3 The banking sector is especially prone to this ...
View MDA - Till Capital
... Predator Mining Corp.(“GPY”), formerly Northern Tiger Resources Inc., in return for controlling interests, collateralized notes, and royalty interests. The financial statements of these companies are consolidated in the Company’s financial results as of December 31, 2014. On October 10, 2014, the Co ...
... Predator Mining Corp.(“GPY”), formerly Northern Tiger Resources Inc., in return for controlling interests, collateralized notes, and royalty interests. The financial statements of these companies are consolidated in the Company’s financial results as of December 31, 2014. On October 10, 2014, the Co ...
Putnam Bond Index Fund
... Unless noted otherwise, the notes to the fund’s portfolio are for the close of the fund’s reporting period, which ran from January 1, 2016 through December 31, 2016 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codificatio ...
... Unless noted otherwise, the notes to the fund’s portfolio are for the close of the fund’s reporting period, which ran from January 1, 2016 through December 31, 2016 (the reporting period). Within the following notes to the portfolio, references to “ASC 820” represent Accounting Standards Codificatio ...
Chap014
... Presents aggregate view of the financial position of the NPO as a whole, rather than a disaggregated view focused on funds Can also be called a balance sheet Net assets (the difference between assets and liabilities) must be classified into three classes: ...
... Presents aggregate view of the financial position of the NPO as a whole, rather than a disaggregated view focused on funds Can also be called a balance sheet Net assets (the difference between assets and liabilities) must be classified into three classes: ...
Chapter - Finance
... comparisons of firm performance over time and also compare performance across different firms. Financial ratios are statistical yardsticks that relate two numbers generally taken from a firm’s income statements and balance sheets. Financial ratios fall into five categories: liquidity ratios, asset m ...
... comparisons of firm performance over time and also compare performance across different firms. Financial ratios are statistical yardsticks that relate two numbers generally taken from a firm’s income statements and balance sheets. Financial ratios fall into five categories: liquidity ratios, asset m ...
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.