Revisiting The Inadvertent Investment Company
... area that historically has received little attention and continues to exist in relative obscurity is the application of the Investment Company Act of 1940 (the “Company Act”) to commodity pools, as opposed to mutual funds, hedge funds and private equity funds. The purpose of this article is to disti ...
... area that historically has received little attention and continues to exist in relative obscurity is the application of the Investment Company Act of 1940 (the “Company Act”) to commodity pools, as opposed to mutual funds, hedge funds and private equity funds. The purpose of this article is to disti ...
downstream securities regulation
... conduct in the mutual fund industry, and hedge-fund managers’ self-interested conduct, as well as in those enacted in the wake of Enron’s bankruptcy and other corporate scandals. Moreover, the harm to investors is real: brokerage firm customers have struggled for the return of their deposited funds ...
... conduct in the mutual fund industry, and hedge-fund managers’ self-interested conduct, as well as in those enacted in the wake of Enron’s bankruptcy and other corporate scandals. Moreover, the harm to investors is real: brokerage firm customers have struggled for the return of their deposited funds ...
Prestigious Stock Exchanges - Federal Reserve Bank of New York
... market in recent years (Peristiani 2007; Peristiani and Santos 2008). As for equity markets, the more competitive European and emerging-market stock exchanges have in fact become better able to retain their home base, while at the same time the New York Stock Exchange (NYSE) and the NASDAQ have witn ...
... market in recent years (Peristiani 2007; Peristiani and Santos 2008). As for equity markets, the more competitive European and emerging-market stock exchanges have in fact become better able to retain their home base, while at the same time the New York Stock Exchange (NYSE) and the NASDAQ have witn ...
FREE Sample Here - We can offer most test bank and
... http://testbankshop.eu/Contemporary-Corporate-Finance-International-Edition-12th-EditionMcGuigan,-Moyer,-Rao,-Kretlow-Test-Bank 6. If the spot rate for Swiss francs is $0.6658/franc and the 180-day forward rate is $0.6637, the market is indicating that the Swiss franc is expected to a. strengthen re ...
... http://testbankshop.eu/Contemporary-Corporate-Finance-International-Edition-12th-EditionMcGuigan,-Moyer,-Rao,-Kretlow-Test-Bank 6. If the spot rate for Swiss francs is $0.6658/franc and the 180-day forward rate is $0.6637, the market is indicating that the Swiss franc is expected to a. strengthen re ...
Cash Dividend Announcement Effect: Evidence from Dhaka Stock
... on a mammoth scale (67,592 cash dividend declaration cases of NYSE stocks across 25 years), the researcher had found evidence of 0.21 percent average excess return over the three-day cash dividend announcement period. For the lowest decile of firm size (stock price), the average excess return was 0. ...
... on a mammoth scale (67,592 cash dividend declaration cases of NYSE stocks across 25 years), the researcher had found evidence of 0.21 percent average excess return over the three-day cash dividend announcement period. For the lowest decile of firm size (stock price), the average excess return was 0. ...
MERCURY GENERAL CORP (Form: 424B5
... Neither this prospectus supplement nor the accompanying prospectus is a prospectus for the purposes of the Prospectus Directive (as defined below). This prospectus supplement and the accompanying prospectus have been prepared on the basis that any offer of notes in any Member State of the European E ...
... Neither this prospectus supplement nor the accompanying prospectus is a prospectus for the purposes of the Prospectus Directive (as defined below). This prospectus supplement and the accompanying prospectus have been prepared on the basis that any offer of notes in any Member State of the European E ...
Using Markets to Inform Policy: The Case of the Iraq War
... Formally, the price of the Saddam Security is a state price, which may be different from the subjective probability belief of the marginal investor if marginal utilities of wealth differ in the peace and war states. In what follows, we assume that Saddam Security traders are not using them to hedge ...
... Formally, the price of the Saddam Security is a state price, which may be different from the subjective probability belief of the marginal investor if marginal utilities of wealth differ in the peace and war states. In what follows, we assume that Saddam Security traders are not using them to hedge ...
Using Prediction Markets to Track Information Flows
... In the last three years, Google has conducted the largest corporate experiment with prediction markets we are aware of. In this paper, we illustrate how markets can be used to study how an organization processes information. We document a number of biases in Google’s markets, most notably an op ...
... In the last three years, Google has conducted the largest corporate experiment with prediction markets we are aware of. In this paper, we illustrate how markets can be used to study how an organization processes information. We document a number of biases in Google’s markets, most notably an op ...
SPIRE INC (Form: 424B2, Received: 02/23/2017 15:27:05)
... We utilize a well-defined, disciplined process based on appropriate returns on invested capital to identify and evaluate acquisition opportunities in the natural gas industry, particularly local distribution companies. Further, we have internal teams that assist in the evaluation of a prospective ac ...
... We utilize a well-defined, disciplined process based on appropriate returns on invested capital to identify and evaluate acquisition opportunities in the natural gas industry, particularly local distribution companies. Further, we have internal teams that assist in the evaluation of a prospective ac ...
The High-Volume Return Premium - North American Business Press
... trading volumes is more helpful rather than focusing only on the variation in stock prices. The investor recognition hypothesis is proposed by Merton (1987), which demonstrates that security price changes result from the incomplete information and trading activity. Merton (1987) developed the stock ...
... trading volumes is more helpful rather than focusing only on the variation in stock prices. The investor recognition hypothesis is proposed by Merton (1987), which demonstrates that security price changes result from the incomplete information and trading activity. Merton (1987) developed the stock ...
Price functionals with bid-ask spreads : an axiomatic
... arbitrage-free. The converse is false and if a model with constant proportional transaction costs applied to some price process S is arbitrage-free then S is not necessarily a frictionless arbitrage-free process. In a recent paper, Koehl, Pham and Touzi (1996) consider, in a discrete time framework, ...
... arbitrage-free. The converse is false and if a model with constant proportional transaction costs applied to some price process S is arbitrage-free then S is not necessarily a frictionless arbitrage-free process. In a recent paper, Koehl, Pham and Touzi (1996) consider, in a discrete time framework, ...
Barings Developed and Emerging Markets High Yield Bond
... The Fund will invest at least 70% of its assets in a combination of debt and loan securities (including credit linked securities) of corporations and governments (including any agency of government or central bank) of any member state of the Organisation for Economic Co-operation and Development (“O ...
... The Fund will invest at least 70% of its assets in a combination of debt and loan securities (including credit linked securities) of corporations and governments (including any agency of government or central bank) of any member state of the Organisation for Economic Co-operation and Development (“O ...
Prudential Requirements Consultation Paper
... The Government of Jamaica has announced its intention to continue strengthening the regulatory and supervisory framework of the securities dealers (SD) sector in order to assist in strengthening the sectors ability to withstand future shocks. The Government recognises the major contribution made by ...
... The Government of Jamaica has announced its intention to continue strengthening the regulatory and supervisory framework of the securities dealers (SD) sector in order to assist in strengthening the sectors ability to withstand future shocks. The Government recognises the major contribution made by ...
Presence and Sources of Momentum and Contrarian Profits
... who are well-informed about the market. The second group is comprised of technical analysts who use invest based on past information. Informed investors react to new information first. Then technical analysts react to the same information, resulting in stock prices to move farther in the same direc ...
... who are well-informed about the market. The second group is comprised of technical analysts who use invest based on past information. Informed investors react to new information first. Then technical analysts react to the same information, resulting in stock prices to move farther in the same direc ...
FEDEX CORP (Form: 424B3, Received: 01/03/2017 08:57:53)
... payments may be restricted by, among other things, applicable state and foreign corporate laws and other laws and regulations. In addition, our right and the rights of our creditors, including holders of the notes, to participate in the assets of any subsidiary upon its liquidation or reorganization ...
... payments may be restricted by, among other things, applicable state and foreign corporate laws and other laws and regulations. In addition, our right and the rights of our creditors, including holders of the notes, to participate in the assets of any subsidiary upon its liquidation or reorganization ...
The information content of an open limit-order book
... opening price. Stocks open sequentially in five groups, based on the alphabetical order of the ticker symbol, and normal trading begins immediately after the conclusion of the opening algorithm for their group. This phase, during which the vast majority of trading takes place, lasts until 4:00 P.M. ...
... opening price. Stocks open sequentially in five groups, based on the alphabetical order of the ticker symbol, and normal trading begins immediately after the conclusion of the opening algorithm for their group. This phase, during which the vast majority of trading takes place, lasts until 4:00 P.M. ...
A Model of Competitive Stock Trading Volume Jiang Wang
... heterogeneous investment opportunities and asymmetric information. These two types of heterogeneity give rise to different dynamic relations between volume and returns. Without information asymmetry, investors trade only to rebalance their portfolios when their private investment opportunity changes ...
... heterogeneous investment opportunities and asymmetric information. These two types of heterogeneity give rise to different dynamic relations between volume and returns. Without information asymmetry, investors trade only to rebalance their portfolios when their private investment opportunity changes ...
Demutualization Risks and Credit Unions
... “although the existing mutual structure of IOOF had served the group well, IOOF is now beginning a new phase of its corporate lifecycle.” 70,000 members. Fixed entitlement of 140 shares plus additional variable allocation of shares according to a formula based on the type, number, size and duration ...
... “although the existing mutual structure of IOOF had served the group well, IOOF is now beginning a new phase of its corporate lifecycle.” 70,000 members. Fixed entitlement of 140 shares plus additional variable allocation of shares according to a formula based on the type, number, size and duration ...
Margin Agreement - RBC Direct Investing
... Investing" means RBC Direct Investing Inc.; "I", "me" and "my" mean each investor; "securities" includes all stocks, bonds, debentures investment certificates or other similar property commonly known as securities; and "trading" includes any buying, selling or other dealing in any interest in securi ...
... Investing" means RBC Direct Investing Inc.; "I", "me" and "my" mean each investor; "securities" includes all stocks, bonds, debentures investment certificates or other similar property commonly known as securities; and "trading" includes any buying, selling or other dealing in any interest in securi ...
NASDAQ Composite Index® Methodology
... closed-end funds, convertible debentures, exchange traded funds, preferred stocks, rights, warrants, units and other derivative securities. ...
... closed-end funds, convertible debentures, exchange traded funds, preferred stocks, rights, warrants, units and other derivative securities. ...
payments and securities clearance and settlement systems in
... National Bank (SNB), and the U.S. Securities and Exchange Commission (SEC). Other central banks, securities commissions and international organizations are expected to join the IAC over the course of the program. To assure quality and effectiveness, the CISPI includes two important elements. First, ...
... National Bank (SNB), and the U.S. Securities and Exchange Commission (SEC). Other central banks, securities commissions and international organizations are expected to join the IAC over the course of the program. To assure quality and effectiveness, the CISPI includes two important elements. First, ...
SA BlackRock VCP Global Multi Asset Portfolio Summary
... unusual in nature and/or infrequent in occurrence, such as litigation), or acquired fund fees and expenses, brokerage commissions and other transactional expenses relating to the purchase and sale of portfolio securities, interest, taxes and governmental fees, and other expenses not incurred in the ...
... unusual in nature and/or infrequent in occurrence, such as litigation), or acquired fund fees and expenses, brokerage commissions and other transactional expenses relating to the purchase and sale of portfolio securities, interest, taxes and governmental fees, and other expenses not incurred in the ...
Notice Concerning Issuance of New Investment Units and
... This announcement does not constitute any offer of securities in the United States of America. The securities referred to above have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in th ...
... This announcement does not constitute any offer of securities in the United States of America. The securities referred to above have not been, and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”). The securities may not be offered or sold in th ...
UP TO 14501236 SHARES Class A Common Stock - corporate
... that others may give you. This prospectus is an offer to sell only the shares offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. This prospectus is not an offer to sell, nor is it seeking an offer to buy, these securities in any state where the offer or sa ...
... that others may give you. This prospectus is an offer to sell only the shares offered hereby, but only under circumstances and in jurisdictions where it is lawful to do so. This prospectus is not an offer to sell, nor is it seeking an offer to buy, these securities in any state where the offer or sa ...