Derivative Market Operations
... between the two parties) and are customized according to the needs of the parties. Since these contracts do not fall under the purview of rules and regulations of an exchange, they generally suffer from counterparty risk i.e. the risk that one of the parties to the contract may not fulfill his or he ...
... between the two parties) and are customized according to the needs of the parties. Since these contracts do not fall under the purview of rules and regulations of an exchange, they generally suffer from counterparty risk i.e. the risk that one of the parties to the contract may not fulfill his or he ...
A monthly effect in stock returns - DSpace@MIT
... The mean return for stocks is positive only for days immediately before and during the first half of calendar months, and indistinguishable from zero for days during the last half of the month. During the 1963-1981 period all of the market's cumulative advance occurred just before and during the fir ...
... The mean return for stocks is positive only for days immediately before and during the first half of calendar months, and indistinguishable from zero for days during the last half of the month. During the 1963-1981 period all of the market's cumulative advance occurred just before and during the fir ...
Our investment process - Close Brothers Asset Management
... equities, while also providing a reliable source of income although it can come at the expense of capital growth. For example, in the past government bonds have been considered less risky than equities. However, when yields are low they may not offer protection against inflation or capital losses if ...
... equities, while also providing a reliable source of income although it can come at the expense of capital growth. For example, in the past government bonds have been considered less risky than equities. However, when yields are low they may not offer protection against inflation or capital losses if ...
Understanding Short-termism: the Role of Corporate Governance.
... Uncertainty: Actors may behave myopically or make riskaverse decisions to avoid uncertainty about the future. As the time horizon for decision making extends into the future, the scope of uncertain situations increases. The interdependence between uncertainty and time horizons lead actors to care ab ...
... Uncertainty: Actors may behave myopically or make riskaverse decisions to avoid uncertainty about the future. As the time horizon for decision making extends into the future, the scope of uncertain situations increases. The interdependence between uncertainty and time horizons lead actors to care ab ...
Investment consultants` recommendations of fund managers
... process and business, and seeks to assess whether or not the manager is likely to have some form of sustainable competitive edge. Criteria assessed typically include idea generation, the ability to implement ideas in constructing portfolios, and business factors such as quality of staff and incentiv ...
... process and business, and seeks to assess whether or not the manager is likely to have some form of sustainable competitive edge. Criteria assessed typically include idea generation, the ability to implement ideas in constructing portfolios, and business factors such as quality of staff and incentiv ...
Debunking myths about ETF liquidity
... for 1,000 shares at the $51.14 asking price, and then the remaining 93,304 shares would have automatically escalated to progressively higher prices in the order book until the order was completely filled—costing the buyer significantly more (see EXHIBIT 5 on the next page for a hypothetical illustra ...
... for 1,000 shares at the $51.14 asking price, and then the remaining 93,304 shares would have automatically escalated to progressively higher prices in the order book until the order was completely filled—costing the buyer significantly more (see EXHIBIT 5 on the next page for a hypothetical illustra ...
THE IMPACT OF MINIMUM INVESTMENT BARRIERS ON SHORT END OF PERFORMANCE?
... with higher minimum investment barriers and less likely to possess well-diversified portfolios of hedge funds. If lower minimum investment levels are associated with lower performance measures, there may be cause for concern for both retail investors and hedge fund regulators. If lower minimum inves ...
... with higher minimum investment barriers and less likely to possess well-diversified portfolios of hedge funds. If lower minimum investment levels are associated with lower performance measures, there may be cause for concern for both retail investors and hedge fund regulators. If lower minimum inves ...
a PDF of the full article
... that simulate the default of a counterparty or the materialisation of an operational risk may also be pertinent, to the extent that these risks can be quantified and materialise in the form of quantitative indicators. More specifically, the risk factors used for stress tests must include extreme ris ...
... that simulate the default of a counterparty or the materialisation of an operational risk may also be pertinent, to the extent that these risks can be quantified and materialise in the form of quantitative indicators. More specifically, the risk factors used for stress tests must include extreme ris ...
Debunking myths about ETF liquidity
... for 1,000 shares at the $51.14 asking price, and then the remaining 93,304 shares would have automatically escalated to progressively higher prices in the order book until the order was completely filled—costing the buyer significantly more (see EXHIBIT 5 on the next page for a hypothetical illustra ...
... for 1,000 shares at the $51.14 asking price, and then the remaining 93,304 shares would have automatically escalated to progressively higher prices in the order book until the order was completely filled—costing the buyer significantly more (see EXHIBIT 5 on the next page for a hypothetical illustra ...
A Proposal to Limit the Anti-Competitive Power of Institutional Investors
... The individual final owner need not pick stocks, nor pay someone else to pick stocks, but rather invests in the whole market and enjoys diversification and low costs. “Institutional investors,” as we use the term, include mutual funds, asset managers, and other firms that buy and hold equity in othe ...
... The individual final owner need not pick stocks, nor pay someone else to pick stocks, but rather invests in the whole market and enjoys diversification and low costs. “Institutional investors,” as we use the term, include mutual funds, asset managers, and other firms that buy and hold equity in othe ...
COMPREhENSivE ANNUAl FiNANciAl REPORt
... also legally separate, is presented separately in the statements. Additional information regarding these component units can be found in the notes to the financial statements (See Note #1). The Township also participates in a joint venture with the Western Township Utilities Authority. Canton Townsh ...
... also legally separate, is presented separately in the statements. Additional information regarding these component units can be found in the notes to the financial statements (See Note #1). The Township also participates in a joint venture with the Western Township Utilities Authority. Canton Townsh ...
SCHEME INFORMATION DOCUMENT MAHINDRA MUTUAL FUND BACHAT YOJANA
... yield level at which the security is being traded. Re-investment Risk: Investments in fixed income securities carry re-investment risk as interest rates prevailing on the coupon payment or maturity dates may differ from the original coupon of the bond. Basis Risk: Basis risk arises due to a diff ...
... yield level at which the security is being traded. Re-investment Risk: Investments in fixed income securities carry re-investment risk as interest rates prevailing on the coupon payment or maturity dates may differ from the original coupon of the bond. Basis Risk: Basis risk arises due to a diff ...
Deutsche AM Flagship Fund Reporting
... The information in this document does not constitute investment advice and is only a brief summary of key aspects of the Fund. Full details of the Fund can be found in the Key Investor Information Document and the Prospectus, as supplemented by the latest audited annual report and the latest semi-an ...
... The information in this document does not constitute investment advice and is only a brief summary of key aspects of the Fund. Full details of the Fund can be found in the Key Investor Information Document and the Prospectus, as supplemented by the latest audited annual report and the latest semi-an ...
Investor Scale and Performance in Private Equity Investments
... Given these data limitations, the CEM performance data is less appropriate for assessments of absolute PE performance than studies that take advantage of fund-level cash flow information. At the same time, data on the overall PE portfolios is what is required to assess if there are different returns ...
... Given these data limitations, the CEM performance data is less appropriate for assessments of absolute PE performance than studies that take advantage of fund-level cash flow information. At the same time, data on the overall PE portfolios is what is required to assess if there are different returns ...
Does Corporate Governance Affect Firm Value? Evidence from Korea
... for 540 companies based primarily on responses to a survey of listed companies conducted by the Korea Stock Exchange in Spring 2001. We find that a moderate improvement in corporate governance, say an increase of 10 points in the corporate governance index, predicts an increase in Tobin’s q of 15 pe ...
... for 540 companies based primarily on responses to a survey of listed companies conducted by the Korea Stock Exchange in Spring 2001. We find that a moderate improvement in corporate governance, say an increase of 10 points in the corporate governance index, predicts an increase in Tobin’s q of 15 pe ...
PNC Capital Advisors, LLC
... management services. Pricing is based upon the nature of such services as determined by each client’s specific investment policies, permissible investments, and other portfolio management parameters. Account fees may be negotiable on a case-by-case basis based on various factors, including, but not ...
... management services. Pricing is based upon the nature of such services as determined by each client’s specific investment policies, permissible investments, and other portfolio management parameters. Account fees may be negotiable on a case-by-case basis based on various factors, including, but not ...
downstream securities regulation
... perceived as the anointed one, the foregoing description betrays something telling: securities regulation is generally regarded as a single thing. In particular, it is understood to be the regulation of firms’ – public firms’5 – activity of raising capital by offering and selling securities,6 thereb ...
... perceived as the anointed one, the foregoing description betrays something telling: securities regulation is generally regarded as a single thing. In particular, it is understood to be the regulation of firms’ – public firms’5 – activity of raising capital by offering and selling securities,6 thereb ...
SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
... On January 30, 1998, the Company commenced a public offering of up to 16,500,000 shares of common stock ($10 per share) pursuant to a registration statement on Form S-11 filed under the Securities Act of 1933. The Company commenced active operations on June 5, 1998, when it received and accepted sub ...
... On January 30, 1998, the Company commenced a public offering of up to 16,500,000 shares of common stock ($10 per share) pursuant to a registration statement on Form S-11 filed under the Securities Act of 1933. The Company commenced active operations on June 5, 1998, when it received and accepted sub ...
Private Pensions and Policy Responses to the Financial
... reduced the value of assets accumulated to finance retirement by around 20-25% on average, according to the latest OECD figures. However, there is large variability across countries, varying from positive but small returns in some countries to falls of over 30% in Ireland and the United States. This ...
... reduced the value of assets accumulated to finance retirement by around 20-25% on average, according to the latest OECD figures. However, there is large variability across countries, varying from positive but small returns in some countries to falls of over 30% in Ireland and the United States. This ...
Ethical Investment and Portfolio Theory
... It is possible that ethical investment has higher transaction costs (than the whole market) (Richardson, [14]). However, Havemann and Webster [5] suggest there may be lower costs for fund managers focusing only on ethical investments, because those managers have a smaller range of stocks to keep tra ...
... It is possible that ethical investment has higher transaction costs (than the whole market) (Richardson, [14]). However, Havemann and Webster [5] suggest there may be lower costs for fund managers focusing only on ethical investments, because those managers have a smaller range of stocks to keep tra ...
Notice of the Ministry of Labor and Social Security and China
... enterprise annuity plan (hereinafter referred to as the “trustee”) directly at the Shanghai and Shenzhen branches of the China Clearing Corporation (hereinafter referred to as the China Clearing Corporation uniformly). Article 4 A trustee shall provide the following materials when opening a securiti ...
... enterprise annuity plan (hereinafter referred to as the “trustee”) directly at the Shanghai and Shenzhen branches of the China Clearing Corporation (hereinafter referred to as the China Clearing Corporation uniformly). Article 4 A trustee shall provide the following materials when opening a securiti ...
REITs and Real Estate
... Commercial real estate has reported stellar returns following the real estate downturn of 2008–09. Following returns of 13% in 2010 and 14% in 2011, NCREIF Property Index (NPI) returns have since settled into a range of 10–11%. Similarly, FTSE-NAREIT All Equity returns have been healthy, with the in ...
... Commercial real estate has reported stellar returns following the real estate downturn of 2008–09. Following returns of 13% in 2010 and 14% in 2011, NCREIF Property Index (NPI) returns have since settled into a range of 10–11%. Similarly, FTSE-NAREIT All Equity returns have been healthy, with the in ...
Markets Overview
... reiterated that the BOJ will monitor the risks to the economy and prices closely and will not hesitate taking additional monetary easing steps if necessary. He also explained that under the current Japan law, it is impossible for the BOJ to adopt (helicopter money) but assured that the BOJ can adopt ...
... reiterated that the BOJ will monitor the risks to the economy and prices closely and will not hesitate taking additional monetary easing steps if necessary. He also explained that under the current Japan law, it is impossible for the BOJ to adopt (helicopter money) but assured that the BOJ can adopt ...
Leadership, collective decision-making, and pension fund
... new institutions with quite different goals and objectives (notably Chile, Australia, Sweden and the foreshadowed UK National Pension Savings Scheme). Whether these moments of innovation affect the introduction of ‘optimal’ functionally-efficient institutions (Merton and Bodie 2005) is open to dispu ...
... new institutions with quite different goals and objectives (notably Chile, Australia, Sweden and the foreshadowed UK National Pension Savings Scheme). Whether these moments of innovation affect the introduction of ‘optimal’ functionally-efficient institutions (Merton and Bodie 2005) is open to dispu ...