Choosing Not to Choose - The Australia Institute
... the super system already have default arrangements in place, most notably via the industrial relations system, although there is ample room for improvement. Many employers do not need to choose a default superannuation fund because their workers are employed under awards or agreements that nominate ...
... the super system already have default arrangements in place, most notably via the industrial relations system, although there is ample room for improvement. Many employers do not need to choose a default superannuation fund because their workers are employed under awards or agreements that nominate ...
Regulatory Guide RG 240 Hedge funds: Improving disclosure
... Hedge funds can pose more complex risks for investors than traditional managed investment schemes. This is because of their diverse investment strategies, in many cases involving the use of leverage, and complex and offshore structures. The benchmarks and disclosure principles in this guide set out ...
... Hedge funds can pose more complex risks for investors than traditional managed investment schemes. This is because of their diverse investment strategies, in many cases involving the use of leverage, and complex and offshore structures. The benchmarks and disclosure principles in this guide set out ...
Mutual Funds and Bubbles: The Surprising Role of Contractual
... many managers who followed a contrarian strategy or at least held a cautious/prudent view toward the rising stock market.1 In this article, we focus on a twofold question: whether the mutual fund industry contributed to the technology bubble of the late 1990s, and if so, what would have induced mutu ...
... many managers who followed a contrarian strategy or at least held a cautious/prudent view toward the rising stock market.1 In this article, we focus on a twofold question: whether the mutual fund industry contributed to the technology bubble of the late 1990s, and if so, what would have induced mutu ...
athens-clarke county, georgia comprehensive annual financial
... regional transportation program, the Madison, Athens-Clarke, Oconee Regional Transportation Study (MACORTS), is funded primarily by the federal government. The Government’s Capital Programming Process uses these plans as a guide for the development of plans for acquisition, construction, and replace ...
... regional transportation program, the Madison, Athens-Clarke, Oconee Regional Transportation Study (MACORTS), is funded primarily by the federal government. The Government’s Capital Programming Process uses these plans as a guide for the development of plans for acquisition, construction, and replace ...
Sec 0 Cover - 2 Title TOC Tabs Etc.XLS
... This population growth has, and will continue, to have significant impact on the County’s infrastructure. The County’s voters passed school bond referendums in 1998, 2000, 2002 and 2004 aggregating $327.2 million. At June 30, 2006, the County’s remaining authorization from these four referendums tot ...
... This population growth has, and will continue, to have significant impact on the County’s infrastructure. The County’s voters passed school bond referendums in 1998, 2000, 2002 and 2004 aggregating $327.2 million. At June 30, 2006, the County’s remaining authorization from these four referendums tot ...
unitary boards and mutual fund governance
... We empirically test whether a unitary board can significantly improve the interests of fund investors through lower fees and improved director stewardship, controlling for other governance mechanisms such as board independence, board size, and independent director incentive (the percentage of indepe ...
... We empirically test whether a unitary board can significantly improve the interests of fund investors through lower fees and improved director stewardship, controlling for other governance mechanisms such as board independence, board size, and independent director incentive (the percentage of indepe ...
Mutual Fund Ratings: What is the Risk in Risk
... 2:1 odds) that the fund will outperform the index over a 5 year holding period. But note that the 38% underperformance probability over 5 year future scenarios is slightly higher than the 35% underperformance probability over 10 year scenarios. This pattern continues to hold when analyzing even shor ...
... 2:1 odds) that the fund will outperform the index over a 5 year holding period. But note that the 38% underperformance probability over 5 year future scenarios is slightly higher than the 35% underperformance probability over 10 year scenarios. This pattern continues to hold when analyzing even shor ...
#32842_30_Mutual Fund Regulation_P1 1..72
... generally to current market factors, and (ii) calculate its price per share to an accuracy of within 0.10% (that is, $0.01 based on a share price of $10). The SEC had considered the use of the amortized cost method to determine the fair value of debt securities that mature in more than sixty days to ...
... generally to current market factors, and (ii) calculate its price per share to an accuracy of within 0.10% (that is, $0.01 based on a share price of $10). The SEC had considered the use of the amortized cost method to determine the fair value of debt securities that mature in more than sixty days to ...
Limited Attention and the Uninformative Persuasion of Mutual Fund
... attract investors who are unable to differentiate between current and stale performance effects on HPRs. This is also not entirely surprising. It is likely to be easier to time advertising around predictable improvements in HPRs that result from negative end-returns dropping from the HPR horizon. F ...
... attract investors who are unable to differentiate between current and stale performance effects on HPRs. This is also not entirely surprising. It is likely to be easier to time advertising around predictable improvements in HPRs that result from negative end-returns dropping from the HPR horizon. F ...
Transforming NGO MFIs: Critical Ownership Issues to Consider
... matters that have raised difficult ethical and “double ...
... matters that have raised difficult ethical and “double ...
Third Party Cooperative Arrangement Interagency Cash - MI
... to the non-Federal funds that a local public agency may use. Meaning private funds contributed to a local public agency may be used to meet the non-Federal share. And the resulting funds may be used to purchase VR services from the same private ...
... to the non-Federal funds that a local public agency may use. Meaning private funds contributed to a local public agency may be used to meet the non-Federal share. And the resulting funds may be used to purchase VR services from the same private ...
Tangerine Investment Funds Simplified Prospectus
... simplified prospectus is the methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada (“IFIC Task Force”) in its Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification dated June 2016 (the “Guidelines”). The IFIC Tas ...
... simplified prospectus is the methodology recommended by the Fund Risk Classification Task Force of the Investment Funds Institute of Canada (“IFIC Task Force”) in its Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification dated June 2016 (the “Guidelines”). The IFIC Tas ...
The Hedge Fund Landscape
... A managed fund is fully customizable, and not only offers the investor many of the positive characteristics of a managed account, but also, if sensibly structured, can reduce the burden on managers and, therefore, also adverse selection bias. One simplified way to think of it is as a separately mana ...
... A managed fund is fully customizable, and not only offers the investor many of the positive characteristics of a managed account, but also, if sensibly structured, can reduce the burden on managers and, therefore, also adverse selection bias. One simplified way to think of it is as a separately mana ...
Publication No. 117-34 (Revised July 2016) Illustrative Financial
... deferred inflows of resources at the close of the fiscal year by $15,374,965 (net position). The government’s total net position increased by $2,321,231, primarily due to diligent costsaving measures and returns on the City’s economic development investments. As of the close of the current fiscal ye ...
... deferred inflows of resources at the close of the fiscal year by $15,374,965 (net position). The government’s total net position increased by $2,321,231, primarily due to diligent costsaving measures and returns on the City’s economic development investments. As of the close of the current fiscal ye ...
Herding Behavior - Evidence from Portuguese Mutual Funds
... agency reputation based models and information inefficiencies. Informational cascades are the more common explanation for herding. The observation of prior investors' trades can be so informative that investors are better-off disregarding their private information and trading in the same direction ( ...
... agency reputation based models and information inefficiencies. Informational cascades are the more common explanation for herding. The observation of prior investors' trades can be so informative that investors are better-off disregarding their private information and trading in the same direction ( ...
Asset Prices and Unit Trusts
... ranked by performance (i.e. the theory of order statistics), the possibility of “false discoveries” and the more familiar problems of size, power and other data issues in applied work – this should be of interest to economists generally and not just specialists in the mutual fund area. The second ke ...
... ranked by performance (i.e. the theory of order statistics), the possibility of “false discoveries” and the more familiar problems of size, power and other data issues in applied work – this should be of interest to economists generally and not just specialists in the mutual fund area. The second ke ...
Comprehensive Annual Financial Report
... required to be legally adopted by July 1 of each year and is appropriated at the fund level. City Council may appropriate, amend or transfer funds by an affirmative vote of three Council Members at any regular or special Council meeting, with the transfer of some restricted funds requiring a 4/5ths ...
... required to be legally adopted by July 1 of each year and is appropriated at the fund level. City Council may appropriate, amend or transfer funds by an affirmative vote of three Council Members at any regular or special Council meeting, with the transfer of some restricted funds requiring a 4/5ths ...
Xiang, Holmes - North American Business Press
... conditions (see Figure 2). Conditions are “future and uncertain events” that must occur before the donor is bound. The gift becomes unconditional and revenue can be recognized when the condition is met. Unrestricted revenues can be used by the private sector NFPs for any purpose at any time. Restric ...
... conditions (see Figure 2). Conditions are “future and uncertain events” that must occur before the donor is bound. The gift becomes unconditional and revenue can be recognized when the condition is met. Unrestricted revenues can be used by the private sector NFPs for any purpose at any time. Restric ...
Stock market performance and pension fund investment policy
... funding ratio of the pension fund.1 During the nineties abundant equity returns led to premium reductions and even contribution holidays for pension plan sponsors. However, the risks of equity holdings surfaced after the collapse of the stock market in 2000-2002, which resulted in large losses for p ...
... funding ratio of the pension fund.1 During the nineties abundant equity returns led to premium reductions and even contribution holidays for pension plan sponsors. However, the risks of equity holdings surfaced after the collapse of the stock market in 2000-2002, which resulted in large losses for p ...
Pension Fund Asset Allocation and Liability Discount Rates
... In contrast, the asset allocation of our control group, consisting of U.S. corporate funds as well as Canadian and European funds, becomes more conservative as the funds mature. This result is in line with Rauh (2009) and suggests that these pension funds take less investment risk when their promise ...
... In contrast, the asset allocation of our control group, consisting of U.S. corporate funds as well as Canadian and European funds, becomes more conservative as the funds mature. This result is in line with Rauh (2009) and suggests that these pension funds take less investment risk when their promise ...
The Closed-End Fund Market, 2014
... common shares to investors during an initial public offering. Subsequent issuance of common shares can occur through secondary or follow-on offerings, at-the-market offerings, rights offerings, or dividend reinvestment. Closed-end funds also are permitted to issue one class of preferred shares in ad ...
... common shares to investors during an initial public offering. Subsequent issuance of common shares can occur through secondary or follow-on offerings, at-the-market offerings, rights offerings, or dividend reinvestment. Closed-end funds also are permitted to issue one class of preferred shares in ad ...
The Size and Specialization of Direct Investment Portfolios
... endogenous, and we derive the shape of marginal returns as the outcome of a choice, rather than assuming it. As a result, our comparative statics take both level and slope effects into account, and so we are able to describe changes in the optimal combination of size and scope that are conditional ...
... endogenous, and we derive the shape of marginal returns as the outcome of a choice, rather than assuming it. As a result, our comparative statics take both level and slope effects into account, and so we are able to describe changes in the optimal combination of size and scope that are conditional ...
Dynamic Factor Timing and the Predictability of Actively Managed
... We also examine whether the way a fund produces it’s alpha predicts future returns. Each quarter we sort funds into quintiles based on the components of the attribution model run over the prior 36-month period. In general, and similar to prior research, we do not find that a funds historical alpha p ...
... We also examine whether the way a fund produces it’s alpha predicts future returns. Each quarter we sort funds into quintiles based on the components of the attribution model run over the prior 36-month period. In general, and similar to prior research, we do not find that a funds historical alpha p ...
1 - Sidley Austin LLP
... generally have up to seven days to pay redemption proceeds after tender of the security. However, fund shares that are traded through a broker-dealer must comply with Rule 15c6-1 under the Securities Exchange Act of 1934. Because Rule 15c6-1 requires a broker-dealer to settle a trade in three busine ...
... generally have up to seven days to pay redemption proceeds after tender of the security. However, fund shares that are traded through a broker-dealer must comply with Rule 15c6-1 under the Securities Exchange Act of 1934. Because Rule 15c6-1 requires a broker-dealer to settle a trade in three busine ...
SIFM A Proposed C onform ance R ule C om m
... non-conforming activities or investments in funds. Second, it may grant up to five additional years after this first set of extensions for investments in, or additional capital contributions to, certain illiquid funds, but only to the extent necessary to fulfill a contractual obligation that was in ...
... non-conforming activities or investments in funds. Second, it may grant up to five additional years after this first set of extensions for investments in, or additional capital contributions to, certain illiquid funds, but only to the extent necessary to fulfill a contractual obligation that was in ...
Fundraising
Fundraising or fund raising (also known as ""development"") is the process of gathering voluntary contributions of money or other resources, by requesting donations from individuals, businesses, charitable foundations, or governmental agencies (see also crowd funding). Although fundraising typically refers to efforts to gather money for non-profit organizations, it is sometimes used to refer to the identification and solicitation of investors or other sources of capital for for-profit enterprises. Traditionally, fundraising consisted mostly of asking for donations on the street or at people's doors, and this is experiencing very strong growth in the form of face-to-face fundraising, but new forms of fundraising such as online fundraising have emerged in recent years, though these are often based on older methods such as grassroots fundraising.