note to staff - Towers Watson
... This document is issued by the Trustees (ABN 82 534 724 258) of the OSF (ABN 25 303 030 489). The information in this document is general information only and does not contain or imply any recommendation or opinion about a financial product or service. The information does not take into account your ...
... This document is issued by the Trustees (ABN 82 534 724 258) of the OSF (ABN 25 303 030 489). The information in this document is general information only and does not contain or imply any recommendation or opinion about a financial product or service. The information does not take into account your ...
Setting up a Sovereign Wealth Fund: Some Policy and
... From asset-liability and public debt management perspectives, ideally, the government should approach its balance sheet in entirety, identifying all financial assets and liabilities, including commodity values in the ground and future tax revenue. It can then optimize its asset allocation choices ba ...
... From asset-liability and public debt management perspectives, ideally, the government should approach its balance sheet in entirety, identifying all financial assets and liabilities, including commodity values in the ground and future tax revenue. It can then optimize its asset allocation choices ba ...
Financial equilibrium with career concerns
... In a related paper, Allen and Gorton (1993) present a model in which prices can diverge from fundamentals due to churning by portfolio managers. In their model, bad fund managers buy bubble stocks at prices above their known liquidation value in the hope of reselling them before they die—at even hig ...
... In a related paper, Allen and Gorton (1993) present a model in which prices can diverge from fundamentals due to churning by portfolio managers. In their model, bad fund managers buy bubble stocks at prices above their known liquidation value in the hope of reselling them before they die—at even hig ...
Investment Grade Corporate Strategy
... 8 Preliminary. Final numbers are available upon request by contacting Nuveen Investments Advisers, LLC. 9 Inception date is 5/31/2012. Partial period for 5/31/12-12/31/12. The performance notes on this page are an integral part of the performance presentation. Please remember you could lose money w ...
... 8 Preliminary. Final numbers are available upon request by contacting Nuveen Investments Advisers, LLC. 9 Inception date is 5/31/2012. Partial period for 5/31/12-12/31/12. The performance notes on this page are an integral part of the performance presentation. Please remember you could lose money w ...
Do Chinese Investors Get What They Don`t Pay For? Expense
... relatively new, and so far research on China’s fund industry is not abundant enough to paint a complete picture. After the financial crisis in 2008, China's fund market has been gradually recovering, and open-end mutual funds are now playing an important role in China's fund market. The first open-e ...
... relatively new, and so far research on China’s fund industry is not abundant enough to paint a complete picture. After the financial crisis in 2008, China's fund market has been gradually recovering, and open-end mutual funds are now playing an important role in China's fund market. The first open-e ...
Mutual Fund Performance: Luck or Skill?
... The third debate concerns the choice of appropriate comparison samples. An instructive example is the Wall Street Journal’s “Investment Dartboard Contest,” which has been held for almost 50 years. The contest appears to addresses the “luck vs. skill” debate. Can luck, disguised as stock portfolios “ ...
... The third debate concerns the choice of appropriate comparison samples. An instructive example is the Wall Street Journal’s “Investment Dartboard Contest,” which has been held for almost 50 years. The contest appears to addresses the “luck vs. skill” debate. Can luck, disguised as stock portfolios “ ...
NBER WORKING PAPER SERIES INDIVIDUAL INVESTOR MUTUAL-FUND FLOWS Zoran Ivkovich Scott Weisbenner
... “absolute” returns. The latter finding is consistent with tax motivations, as it is the absolute change in NAV that is relevant for taxable investors’ tax liability following a sale. Thus, both new money and old money are sensitive to past fund performance, but in very different ways. Finally, we al ...
... “absolute” returns. The latter finding is consistent with tax motivations, as it is the absolute change in NAV that is relevant for taxable investors’ tax liability following a sale. Thus, both new money and old money are sensitive to past fund performance, but in very different ways. Finally, we al ...
Portfolio1 - people.bath.ac.uk
... Treynor for individual assets – For perfectly diversified portfolios, Sharpe and Treynor will give the same ranking, but different numbers (the ranking, not the number itself, is what is most important) ...
... Treynor for individual assets – For perfectly diversified portfolios, Sharpe and Treynor will give the same ranking, but different numbers (the ranking, not the number itself, is what is most important) ...
Information Statement MNTRUST
... possible investment yield while maintaining liquidity and preserving capital by investing only in instruments authorized by Minnesota laws which govern the investment of funds by Government Units. The Fund seeks to attain its investment objectives by pursuing a professionally managed investment prog ...
... possible investment yield while maintaining liquidity and preserving capital by investing only in instruments authorized by Minnesota laws which govern the investment of funds by Government Units. The Fund seeks to attain its investment objectives by pursuing a professionally managed investment prog ...
the case for real return investing
... 1. Source: Morningstar Research, “Objectives-Based Investing – The Australian Landscape”, June 2016. 2. Source: Zenith Multi Sector Report, 2014. 3. Chart 1 Morningstar Multi-Sector Growth Index, Data as at 31 December 2016. 4. Chart 2 - Perpetual, Data as at 31 December 2016. 5. Chart 3 - Source: L ...
... 1. Source: Morningstar Research, “Objectives-Based Investing – The Australian Landscape”, June 2016. 2. Source: Zenith Multi Sector Report, 2014. 3. Chart 1 Morningstar Multi-Sector Growth Index, Data as at 31 December 2016. 4. Chart 2 - Perpetual, Data as at 31 December 2016. 5. Chart 3 - Source: L ...
IDRT
... The investment committee of ABC, LLC has decided to make the following changes to the investment options currently available to plan participants. We understand plan sponsors of participant directed defined contribution plans subject to ERISA are required to provide at least 30 days but not more tha ...
... The investment committee of ABC, LLC has decided to make the following changes to the investment options currently available to plan participants. We understand plan sponsors of participant directed defined contribution plans subject to ERISA are required to provide at least 30 days but not more tha ...
Alternative Investment Funds 2015
... in days that will be provided per year in respect of that directorship. In addition the appointing entity, in validating the questionnaire, is required to confirm its expectation regarding the proposed director’s ...
... in days that will be provided per year in respect of that directorship. In addition the appointing entity, in validating the questionnaire, is required to confirm its expectation regarding the proposed director’s ...
code of conduct - ZDU-GIZ
... (1) An arbitrator must protect the image and the reputation of the Arbitration. (2) It is considered that a person is not suitable to act as an arbitrator in regard to whom, on the basis of his or her recent work, conduct or behaviour, it is has been justifiably concluded that he or she will fail to ...
... (1) An arbitrator must protect the image and the reputation of the Arbitration. (2) It is considered that a person is not suitable to act as an arbitrator in regard to whom, on the basis of his or her recent work, conduct or behaviour, it is has been justifiably concluded that he or she will fail to ...
LEVERAGE, HEDGE FUNDS AND RISK
... existence of cash on the balance sheet does not necessarily mean that no leverage is employed as margin financing or derivatives can provide leverage without the full use of all available cash). This is because the opportunities in that space are still developing. Other strategies do use significant ...
... existence of cash on the balance sheet does not necessarily mean that no leverage is employed as margin financing or derivatives can provide leverage without the full use of all available cash). This is because the opportunities in that space are still developing. Other strategies do use significant ...
fiduciary duty in the - Principles for Responsible Investment
... for regulated occupational pension funds and insurers. However, there is no explicit requirement to do so, and many investors choose not to. Altersvorsorgezertifizierungsgesetz AltZertG § 7a and Versicherungsaufsichtsgesetz VAG § 144 require basic and occupational retirement provisions to include in ...
... for regulated occupational pension funds and insurers. However, there is no explicit requirement to do so, and many investors choose not to. Altersvorsorgezertifizierungsgesetz AltZertG § 7a and Versicherungsaufsichtsgesetz VAG § 144 require basic and occupational retirement provisions to include in ...
Click here - WHAS Crusade for Children
... Number of clients Type of clientele (individual, trust, business, etc.) and range of portfolio sizes Number of staff (investment –related staff only) Assets under management Number of offices and local presence of those offices Location of corporate headquarters Related organizations Discussion of a ...
... Number of clients Type of clientele (individual, trust, business, etc.) and range of portfolio sizes Number of staff (investment –related staff only) Assets under management Number of offices and local presence of those offices Location of corporate headquarters Related organizations Discussion of a ...
fund accounting training
... In simplest terms, Endowment Funds are funds that typically have certain donor‐imposed restrictions placed upon the principal and/or income. For True Endowments, the principal can never be spent and income from the endowment will be expended as stipulated by the donor. Term Endowments function lik ...
... In simplest terms, Endowment Funds are funds that typically have certain donor‐imposed restrictions placed upon the principal and/or income. For True Endowments, the principal can never be spent and income from the endowment will be expended as stipulated by the donor. Term Endowments function lik ...
Individual Investor Mutual Fund Flows
... Individuals’ mutual fund share redemption decisions in both their taxable and tax-deferred accounts might also be sensitive to investment costs. The literature to date has not focused on these sensitivities at the individualinvestor level. Rather, as in Barber, Odean, and Zheng (2005), analyses focu ...
... Individuals’ mutual fund share redemption decisions in both their taxable and tax-deferred accounts might also be sensitive to investment costs. The literature to date has not focused on these sensitivities at the individualinvestor level. Rather, as in Barber, Odean, and Zheng (2005), analyses focu ...
absolute return strategy sicav
... keep down the long-term yield. In the short term, the Fed’s intervention appears to be working as risk appetite is clearly rising, with low credit spreads on corporate credits and higher equity prices. In the third quarter, the most notable development in the bond market was the fall in the yield on ...
... keep down the long-term yield. In the short term, the Fed’s intervention appears to be working as risk appetite is clearly rising, with low credit spreads on corporate credits and higher equity prices. In the third quarter, the most notable development in the bond market was the fall in the yield on ...
HFRX Hedge Fund Indices Methodology
... HFRX Hedge Fund Indices are the global industry standard for performance measurement across all aspects of the hedge fund industry. Indices are constructed using robust filtering, monitoring and quantitative constituent selection process using the Hedge Fund Research (HFR) database, also the industr ...
... HFRX Hedge Fund Indices are the global industry standard for performance measurement across all aspects of the hedge fund industry. Indices are constructed using robust filtering, monitoring and quantitative constituent selection process using the Hedge Fund Research (HFR) database, also the industr ...
An Overview of the Regulatory Framework Applying to Collective
... collective trust funds. While the OCC’s collective investment regulations apply only to national banks that organize and maintain collective trust funds, many states apply the OCC’s rules either by statute, rule or other guidance as best practices in examining state bank collective trust activities. ...
... collective trust funds. While the OCC’s collective investment regulations apply only to national banks that organize and maintain collective trust funds, many states apply the OCC’s rules either by statute, rule or other guidance as best practices in examining state bank collective trust activities. ...
table of contents - Napa County
... County treasury. Any withdrawal for such purposes may be paid based upon the market value of the Pooled Investment Fund as of the date of withdrawal. B. For Voluntary Participants, where the County Treasurer is not the statutorily designated Custodian of Funds and their Board of Directors has adopte ...
... County treasury. Any withdrawal for such purposes may be paid based upon the market value of the Pooled Investment Fund as of the date of withdrawal. B. For Voluntary Participants, where the County Treasurer is not the statutorily designated Custodian of Funds and their Board of Directors has adopte ...
Appendix F 151202-lgps-investment-pooling-next
... pool level’. The expectation is that this will rationalise the number of managers used leading to lower investment fees. Specific asset classes and approaches Active vs Passive Management The extent to which each authority or pool uses passive management will remain their own decision but the balanc ...
... pool level’. The expectation is that this will rationalise the number of managers used leading to lower investment fees. Specific asset classes and approaches Active vs Passive Management The extent to which each authority or pool uses passive management will remain their own decision but the balanc ...
Time-Zone Arbitrage in Vanguard International
... track trading strategy performance. The strategy they employed switched capital between a money market account and the mutual fund based on the movement of the futures market, using the S&P for the European funds and Nikkei 225 futures for the Japanese/Pacific funds. For a signal they used (1) the d ...
... track trading strategy performance. The strategy they employed switched capital between a money market account and the mutual fund based on the movement of the futures market, using the S&P for the European funds and Nikkei 225 futures for the Japanese/Pacific funds. For a signal they used (1) the d ...