Management Fee Evaluation
... “Trust”), each of whom serves as an “independent” Trustee (the “Board” or the “Trustees”), of its intent to seek a
strategic combination of its advisory business with Henderson Group plc (“Henderson”). The Board met with the
Chief Executive Officer of Janus, who outlined the proposed combination and ...
HSBC Jintrust Large Cap Equity Securities Investment Fund
... resources and with fundamental analysis, etc.
3. Equity investment strategy
The Fund focuses on analysing large cap companies’ unique competitive advantages.
The Fund Manager conducts a comprehensive value and growth analysis on the primarily
selected stocks and further combines the research results ...
Retirement Date Fund
... When the market goes down, I see it as a buying
I’m comfortable building and maintaining my
I don’t get emotional about investing
Deactivating Active Share
... In general, if the universe of mutual fund
managers holds the market portfolio, we know
that the market clears: before fees, every dollar of
outperformance must be offset by a dollar of
underperformance. Low Active Share investors
who simply track the market (“Closet Indexers”)
should match market r ...
Venture Capita Report
... • Historically, specialists have had a focus on early stage investing
but recent years have seen a shift towards the later stages as a
means of mitigating risk. The study found that during 2003 and
2004 more than a third of specialists had been investing
predominantly at the growth capital stage, m ...
Hedging With Futures Contract
... been criticized for not taking into account the expected return which is
inconsistent with the mean-variance framework. Since the selection of a
hedge ratio is dependent on the hedgers’ objective in the hedging position,
this will be different for various participants in the carbon market. For exam ...
Investor Preferences and Demand for Active Management
... active management, as proxied by the Active Share measure (Cremers and Petajisto, 2009). Since
more active funds should be more appealing to investors seeking upside potential or downside
protection given that they are more likely to exhibit those distributional differences in performance
between ac ...
Endowment and Similar Funds
... designated revenue accounts (J-239590-3XXXX).
Participation is based on a daily weighted average for
the month--which is ascertained from the STIP history
file. The total STIP income available for the month is
distributed in proportion to the weighted average.
Endowment income balances, however, par ...
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 ...
Form AUT – PFS Public Fund supplement
... before carrying out a Fund Manager’s instructions, that those instructions comply with the
requirements of CIR 7.1.3.
PF16. Please advise of the arrangements that the Trustee / Custody Provider will implement to
ensure that the Fund’s unitholder register is maintained in accordance with CIR 8.7. and ...
Costs of Eliminating Discretionary Broker Voting on Uncontested
... to vote their shares than are retail shareholders.4 Investment advisers to closed-end funds and
mutual funds, for example, have a duty of care requirement to monitor corporate actions and
vote client proxies in many instances. Fiduciaries to private pension plans—typically plan
sponsors—are subject ...
- Columbia Business School
... of sophisticated mutual fund investors in the market. Mutual fund flows, on average, have been
considered to proxy for investor sentiments. Teo and Woo (2004) and Frazzini and Lamont (2008)
show the “dumb money” effect where investors’ reallocation of wealth across different mutual funds
reduce the ...
A Cross-sectional Analysis Of Malaysian Unit Trust Fund Expense
... and the presence of a 12b-1 fees before investing. Their findings show that larger and
more mature funds have lower expense ratio. On average, load funds and 12b-1 funds
have higher expense ratios than no-load and non-12b-1 funds. Additionally, funds that
belong to a large fund family have lower exp ...
Foundation Business Policy
... A minimum commitment of $10,000 is required to establish an endowed fund. A new nonendowed fund should only be established for a unique purpose and should be expected to be used
for a period of not less than two years. To reduce the number of Foundation funds to be
administered, new gifts can often ...
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 ...
Implications of Behavioural Economics for Mandatory
... were invested in stocks, while in schemes offering a majority of fixed income funds most saving were
invested in interest-bearing securities. Furthermore, they find a positive relationship at the plan level
between the fraction of equity funds offered by the plan and the fraction of individual portf ...
Revenue Sharing Fund Families
... provided. We process transactions with
most fund families on an omnibus basis,
which means we consolidate our clients’
trades into one daily trade with the fund,
and therefore maintain all pertinent
individual shareholder information for
the fund. Trading in this manner requires
that we maintain the ...
Sound Practice Guidelines
... b) Subscription, transfer and redemption procedures. Cut off times for
redemption notice and deadlines for receipt of subscription application forms
and monies should be clearly stated.
c) Anti Money laundering (AML), ‘Know Your Customer’ (KYC) and all other
regulatory issues. AML and KYC procedure ...
MFSA Guidance Note for Shariah Compliant Funds
... standards in the management of its assets. Members of the Shariah Advisory Board are to be
independent from the Manager.
The fund may opt to appoint a legal entity as a Shariah Advisor, which would in turn appoint a Shariah
Advisory Board to carry out the above functions, and which may replace, at i ...
Trustee Corporations Association of Australia
... Notwithstanding doubts being raised about auditors’ integrity and competence as a result
of developments such as HIH and Enron, we would not suggest that financial auditors
lose the right to undertake this work.
However, we submit that the compliance monitoring role for superannuation funds
should n ...
... Discuss types of funds available to investors and the different kinds of
investors services offered by mutual funds and exchange traded funds.
Gain an understanding of the variables that should be considered when
selecting funds for investment purposes.
Identify the sources of return and calculate r ...
Financial Accounting and Accounting Standards
... Government Fund-Based Reporting
Governments are required only to report the major funds
in separate columns, but have flexibility to report more
funds separately if desired.
Individual governmental funds and proprietary funds are
major funds if the total assets, liabilities, revenues, or
A hedge fund is an investment vehicle and a business structure that pools capital from a number of investors and invests in securities and other instruments. It is administered by a professional management firm, and often structured as a limited partnership, limited liability company, or similar vehicle. Hedge funds are generally distinct from mutual funds as their use of leverage is not capped by regulators and distinct from private equity funds as the majority of hedge funds invest in relatively liquid assets.The name ""hedge fund"" originated from the hedging techniques used by some of the first of these funds. Over time the types and nature of the hedging concepts expanded, as did the different types of investment vehicles. The term came to represent many of these types of investment vehicles, so hedge funds today do not necessarily hedge. Hedge funds invest in a diverse range of markets and use a wide variety of investment styles and financial instruments.Hedge funds are made available only to certain sophisticated or accredited investors and cannot be offered or sold to the general public. As such, they generally avoid direct regulatory oversight, bypass licensing requirements applicable to investment companies, and operate with greater flexibility than mutual funds and other investment funds. However, regulations passed in the United States and Europe after the financial crisis of 2007–08 were intended to increase government oversight of hedge funds and eliminate certain regulatory gaps.While hedge funds have existed for many decades, they have become increasingly popular in recent years, growing to be one of the world's major investment vehicles and sources of capital.Hedge funds are most often open-ended and allow additions or withdrawals by their investors (generally on a monthly or quarterly basis). A hedge fund's value is calculated as a share of the fund's net asset value, meaning that increases and decreases in the value of the fund's investment assets (and fund expenses) are directly reflected in the amount an investor can later withdraw.Many hedge fund investment strategies aim to achieve a positive return on investment regardless of whether markets are rising or falling (""absolute return""). Hedge fund managers often invest money of their own in the fund they manage, which serves to align their own interests with those of the investors in the fund. A hedge fund typically pays its investment manager an annual management fee (for example 1% of the assets of the fund), and a performance fee (for example 20% of the increase in the fund's net asset value during the year). Some hedge funds have several billion dollars of assets under management (AUM). As of 2009, hedge funds represented 1.1% of the total funds and assets held by financial institutions. As of June 2013, the estimated size of the global hedge fund industry was US$2.4 trillion.