Does pension funds` fiduciary duty prohibit the integration of
... that social irresponsibility carries a cost, unlike social responsibility which provides "insurancelike" protection of firm value against negative events (Godfrey et al., 2009; Jo and Harjoto, 2012; Jo and Na, 2012; Oikonomou et al., 2012). Not a single portfolio with an average or above average deg ...
... that social irresponsibility carries a cost, unlike social responsibility which provides "insurancelike" protection of firm value against negative events (Godfrey et al., 2009; Jo and Harjoto, 2012; Jo and Na, 2012; Oikonomou et al., 2012). Not a single portfolio with an average or above average deg ...
Statement of Investment Policy and Objectives
... that not voting will have a material adverse effect on investors (taking into consideration the size of the managed investment scheme’s exposure to the issuer and the proportion of the issuer held by managed investment schemes managed by Smartshares). When Smartshares votes, it will do so in what it ...
... that not voting will have a material adverse effect on investors (taking into consideration the size of the managed investment scheme’s exposure to the issuer and the proportion of the issuer held by managed investment schemes managed by Smartshares). When Smartshares votes, it will do so in what it ...
All Equity Portfolio
... Past performance is no guarantee of future results. All investments involve risk, including the potential loss of principal invested. The use of Toews does not eliminate risks associated with investing. Consider the investment objectives, risks, charges, and expenses carefully before investing. The ...
... Past performance is no guarantee of future results. All investments involve risk, including the potential loss of principal invested. The use of Toews does not eliminate risks associated with investing. Consider the investment objectives, risks, charges, and expenses carefully before investing. The ...
AMG Substanzwerte Schweiz (AMG Value Stocks
... results are generally good. It may be tempting to extrapolate the turnover and order book figures and translate them into profit postings, but we believe that caution should prevail in this matter. On the one hand, the first quarter 2017 had 2 to 3 more working days than the past year – which can re ...
... results are generally good. It may be tempting to extrapolate the turnover and order book figures and translate them into profit postings, but we believe that caution should prevail in this matter. On the one hand, the first quarter 2017 had 2 to 3 more working days than the past year – which can re ...
Impartial Investing - University of Michigan Law School
... permitted to make compensating distributions from capital appreciation to income recipients. These compensating distributions must, however, reflect the nature of the investment plan rather than a strategy that systematically favors one beneficiary, since neither the Uniform Trust Code nor the Unifo ...
... permitted to make compensating distributions from capital appreciation to income recipients. These compensating distributions must, however, reflect the nature of the investment plan rather than a strategy that systematically favors one beneficiary, since neither the Uniform Trust Code nor the Unifo ...
Demystifying Responsible Investment Performance
... assurance to institutional investors that the consideration of ESG factors is firmly grounded within the bounds of fiduciary duty, we are happy to look back at the contribution these studies have made to advancing responsible investment. Last year, the launch of the Principles for Responsible Invest ...
... assurance to institutional investors that the consideration of ESG factors is firmly grounded within the bounds of fiduciary duty, we are happy to look back at the contribution these studies have made to advancing responsible investment. Last year, the launch of the Principles for Responsible Invest ...
Fund Summary Sheet TMLS Singapore Cash Fund
... not necessarily indicative of the future performance. Investment in the Underlying Fund is generally designed to produce returns over the long-term and is not suitable for short-term speculation. Investors should not expect to obtain short-term gains from such investment although money market Funds ...
... not necessarily indicative of the future performance. Investment in the Underlying Fund is generally designed to produce returns over the long-term and is not suitable for short-term speculation. Investors should not expect to obtain short-term gains from such investment although money market Funds ...
Multinational Companies, Technology Spillovers and Firm Survival: Evidence from Irish Manufacturing by
... indigenous firms, we would expect a potential technology gap to exist between them and MNCs (due to MNCs' firm-specific assets) which creates the opportunity for technology spillovers between the two groups of firms. As to the effect of MNCs' presence on other foreign-owned firms in the host country ...
... indigenous firms, we would expect a potential technology gap to exist between them and MNCs (due to MNCs' firm-specific assets) which creates the opportunity for technology spillovers between the two groups of firms. As to the effect of MNCs' presence on other foreign-owned firms in the host country ...
Capital Structure of SMEs: Does Firm Size Matter?
... agency conflicts, issues of asymmetric information and adverse selection, have been pointed out as explanations for the use of debt financing and synthesized into the trade-off and pecking order theories of capital structure. The extensive empirical evidence and tests of these theories can be found ...
... agency conflicts, issues of asymmetric information and adverse selection, have been pointed out as explanations for the use of debt financing and synthesized into the trade-off and pecking order theories of capital structure. The extensive empirical evidence and tests of these theories can be found ...
Organizational Form and Firm Performance: Evidence
... 1931, it was estimated that the 40 largest holding companies controlled 89% of the power output in the country (Bonbright and Means, 1932). Of the 57 holding companies operating in 1935, 41 were chartered between 1922 and 1932 (Anderson, 1947). Massive consolidation was triggered by at least two fac ...
... 1931, it was estimated that the 40 largest holding companies controlled 89% of the power output in the country (Bonbright and Means, 1932). Of the 57 holding companies operating in 1935, 41 were chartered between 1922 and 1932 (Anderson, 1947). Massive consolidation was triggered by at least two fac ...
NBER WORKING PAPER SERIES THE INDUSTRY LIFE CYCLE, ACQUISITIONS AND
... The histograms show that in growing industries it is not uncommon to see a net increase of 30% in the number of producers and also for some industries a decline in the number of producers over the sample period. Whereas in contracting industries a 30% decrease is common. The fact that the number of ...
... The histograms show that in growing industries it is not uncommon to see a net increase of 30% in the number of producers and also for some industries a decline in the number of producers over the sample period. Whereas in contracting industries a 30% decrease is common. The fact that the number of ...
THE CITY UNIVERSITY OF NEW YORK – INVESTMENT POLICY
... under management, the quality and stability of its key professionals and staff, the quality and consistency of its investment philosophy, strategy, decision-making process, its fit with the Portfolio’s objectives, its performance metrics, its record of compliance and its fee structure. The Investmen ...
... under management, the quality and stability of its key professionals and staff, the quality and consistency of its investment philosophy, strategy, decision-making process, its fit with the Portfolio’s objectives, its performance metrics, its record of compliance and its fee structure. The Investmen ...
The Geography of Angel Investment
... investors and the investee companies; (ii) travel distance in kilometers; and (iii) travel time in seconds. These measures are acquired by feeding each investor-investee pair’s geocode to an open source routing software based on Open Street Map. This paper reports several important findings. First t ...
... investors and the investee companies; (ii) travel distance in kilometers; and (iii) travel time in seconds. These measures are acquired by feeding each investor-investee pair’s geocode to an open source routing software based on Open Street Map. This paper reports several important findings. First t ...
Understanding Investor Preferences for Mutual Fund Information
... » On average, investors consider nine discrete pieces of information about a fund before purchasing shares. Nearly three-quarters of recent fund investors wanted to know about the fund’s fees and expenses prior to purchasing shares in the fund, and more than two-thirds reviewed or asked questions ab ...
... » On average, investors consider nine discrete pieces of information about a fund before purchasing shares. Nearly three-quarters of recent fund investors wanted to know about the fund’s fees and expenses prior to purchasing shares in the fund, and more than two-thirds reviewed or asked questions ab ...
The Effect of the Recent Financial Crisis on Defined
... indexed to price- or wage growth, which adds an additional objective for the fund’s manager to counter. Thirdly, pension funds invest on behalf of their members, who often have large investments in, for example, housing and human capital, and thus have to take these factors into account. Bovenberg e ...
... indexed to price- or wage growth, which adds an additional objective for the fund’s manager to counter. Thirdly, pension funds invest on behalf of their members, who often have large investments in, for example, housing and human capital, and thus have to take these factors into account. Bovenberg e ...
Folie 1 - INTERREG project recommend
... • The Decree is applied only to the constitution of start-ups in the form of L.t.d. companies. • The equity-crowfunding can be promoted only by specific online portals inserted in the “Consob Register” (the Italian Commission for the Regulation of Stock Exchanges). ...
... • The Decree is applied only to the constitution of start-ups in the form of L.t.d. companies. • The equity-crowfunding can be promoted only by specific online portals inserted in the “Consob Register” (the Italian Commission for the Regulation of Stock Exchanges). ...
The Changing Chemistry Between Hedge Funds and Investors
... to be enablers of growth. Balancing multiple demands with limited resources is a challenge, so how do hedge funds continue to generate alpha? Investors and hedge funds agree that it takes disruptive, innovative strategies to grow, although hedge funds were more cautious in their enthusiasm, with onl ...
... to be enablers of growth. Balancing multiple demands with limited resources is a challenge, so how do hedge funds continue to generate alpha? Investors and hedge funds agree that it takes disruptive, innovative strategies to grow, although hedge funds were more cautious in their enthusiasm, with onl ...
Appendix - American Public Power Association
... by investors from selling generation into PJM with returns earned by other utility companies that have remained regulated. A key issue in this analysis is how to use financial data so as to isolate restructuring issues from non-PJM activities engaged by each company. Ultimately, investors are concer ...
... by investors from selling generation into PJM with returns earned by other utility companies that have remained regulated. A key issue in this analysis is how to use financial data so as to isolate restructuring issues from non-PJM activities engaged by each company. Ultimately, investors are concer ...
why polish companies go public
... Despite the increasing interest in the decision to go public, the empirical evidence has been quite scarce, especially regarding companies from the Central Eastern European (CEE) region. The major reason for why empirical literature on this decision is underdeveloped is the difficulty in obtaining f ...
... Despite the increasing interest in the decision to go public, the empirical evidence has been quite scarce, especially regarding companies from the Central Eastern European (CEE) region. The major reason for why empirical literature on this decision is underdeveloped is the difficulty in obtaining f ...
2015 Year-End Dermatology Update
... providers in the market amidst the strong acquisition interest, private equity groups have typically gone below their typical investment size, aggregated several practices into one unified platform, or approached other private equity-backed practices for an acquisition. This strong demand has genera ...
... providers in the market amidst the strong acquisition interest, private equity groups have typically gone below their typical investment size, aggregated several practices into one unified platform, or approached other private equity-backed practices for an acquisition. This strong demand has genera ...
Why Hedge Funds? - CFA Institute Publications
... lower returns than the S&P 500 but with considerably lower volatility, a high Sharpe ratio, positive and significant alphas, and a low beta. The market did not do so well in the period leading up to and through the financial crisis; from 1994 to the end of 2008, the low beta of hedge funds implied t ...
... lower returns than the S&P 500 but with considerably lower volatility, a high Sharpe ratio, positive and significant alphas, and a low beta. The market did not do so well in the period leading up to and through the financial crisis; from 1994 to the end of 2008, the low beta of hedge funds implied t ...
The Industry Life Cycle and Acquisitions and Investment: Does Firm
... the competitive advantage among firms is changing. However little is known about how the type of firm organization is associated with a firm’s performance in different stages of the industry life cycle. In this paper we examine whether long-term differences in industry conditions affect investment by s ...
... the competitive advantage among firms is changing. However little is known about how the type of firm organization is associated with a firm’s performance in different stages of the industry life cycle. In this paper we examine whether long-term differences in industry conditions affect investment by s ...
"Biotech Bulletin" Fall 2015
... and etc.). Every single milestone achieved during our drug development could mean hundred folds of increase in our valuation. This is especially true today with the large pharmas re-appropriating capital and externalizing their R&D by acquiring, partnering, or investing through their corporate ventu ...
... and etc.). Every single milestone achieved during our drug development could mean hundred folds of increase in our valuation. This is especially true today with the large pharmas re-appropriating capital and externalizing their R&D by acquiring, partnering, or investing through their corporate ventu ...
attachment 1
... Additionally, should any material change occur, such Legal Disclosure should also be submitted within 15 calendar days of the occurrence; and d. Maintain at all times at least one full-time professional supervisory employee with a FINRA Series 53 license (Municipal Securities Principal). Please Not ...
... Additionally, should any material change occur, such Legal Disclosure should also be submitted within 15 calendar days of the occurrence; and d. Maintain at all times at least one full-time professional supervisory employee with a FINRA Series 53 license (Municipal Securities Principal). Please Not ...
Statement of Advice sample wording
... The fund aims to provide long term growth of capital by investing predominantly in publicly traded global equity securities (unhedged to the Australian dollar). Investment strategy Altrinsic is a high conviction fundamental value orientated global equity manager. Altrinsic specialises in company res ...
... The fund aims to provide long term growth of capital by investing predominantly in publicly traded global equity securities (unhedged to the Australian dollar). Investment strategy Altrinsic is a high conviction fundamental value orientated global equity manager. Altrinsic specialises in company res ...