What makes a great value investor?
... either valuation criteria or be tailored to review a certain region, sector or other theme. The screening process includes the identification of stocks trading within 10% of 52 week lows in order to identify stocks where prices may have fallen further than value. Screening for stocks trading near hi ...
... either valuation criteria or be tailored to review a certain region, sector or other theme. The screening process includes the identification of stocks trading within 10% of 52 week lows in order to identify stocks where prices may have fallen further than value. Screening for stocks trading near hi ...
Download paper (PDF)
... analytically tractable. In particular, regimes introduced into linear asset pricing models can often be solved in closed form because conditional on the underlying regime, normality (or log-normality) is recovered. This makes incorporating regime dynamics in affine models straight forward. The notio ...
... analytically tractable. In particular, regimes introduced into linear asset pricing models can often be solved in closed form because conditional on the underlying regime, normality (or log-normality) is recovered. This makes incorporating regime dynamics in affine models straight forward. The notio ...
LOMBARD ODIER (EUROPE) S.A. NETHERLANDS BRANCH
... Pledge – The Client pledges in favour of the Bank, which accepts, all financial instruments and precious metals deposited by the Client with the Bank currently or in the future, as well as all current and future claims in any currency whatsoever, including those resulting from account deposits with ...
... Pledge – The Client pledges in favour of the Bank, which accepts, all financial instruments and precious metals deposited by the Client with the Bank currently or in the future, as well as all current and future claims in any currency whatsoever, including those resulting from account deposits with ...
Euro-Commercial Paper Programme
... Pricing Supplement or its or their distribution by any other person. This Information Memorandum does not, and is not intended to, constitute (nor will any Pricing Supplement constitute, or be intended to constitute) an offer or invitation to any person to purchase Notes. The distribution of this In ...
... Pricing Supplement or its or their distribution by any other person. This Information Memorandum does not, and is not intended to, constitute (nor will any Pricing Supplement constitute, or be intended to constitute) an offer or invitation to any person to purchase Notes. The distribution of this In ...
Order Exposure and Liquidity Coordination
... pense of the public exchange. To understand the effects and determinants of hidden liquidity in a given market, it is therefore necessary to account for the interplay between inter-market and intra-market liquidity competition. We theoretically and empirically show that large hidden orders on publi ...
... pense of the public exchange. To understand the effects and determinants of hidden liquidity in a given market, it is therefore necessary to account for the interplay between inter-market and intra-market liquidity competition. We theoretically and empirically show that large hidden orders on publi ...
Market Reaction to the Adoption of IFRS in Europe Working Paper
... financial reporting information. For example, IFRS might not adequately reflect regional differences in economies that led to differences in domestic accounting standards. Also, investors might have believed that potential variation in the implementation and enforcement of IFRS would lead to an incr ...
... financial reporting information. For example, IFRS might not adequately reflect regional differences in economies that led to differences in domestic accounting standards. Also, investors might have believed that potential variation in the implementation and enforcement of IFRS would lead to an incr ...
Market Implied Costs of Bankruptcy
... costs. This can be achieved in principle by backing out bankruptcy costs implicit in observable prices or accoun ng data of non-bankrupt firms. Such an insight has first been u lized by Glover (2016). Intui vely, Glover’s paper es mates the level of bankruptcy costs which induces a firm to choose the o ...
... costs. This can be achieved in principle by backing out bankruptcy costs implicit in observable prices or accoun ng data of non-bankrupt firms. Such an insight has first been u lized by Glover (2016). Intui vely, Glover’s paper es mates the level of bankruptcy costs which induces a firm to choose the o ...
words - Investor Relations Solutions
... necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of, nor comparable to, the results of operations for any other interim period or for a full fiscal year. These unaudited Condensed Consolidated Financial Statements s ...
... necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of, nor comparable to, the results of operations for any other interim period or for a full fiscal year. These unaudited Condensed Consolidated Financial Statements s ...
2010-11-23 Weicher Ltr re Use of Interview Materials_1
... and the final rule were reviewed by the Office of Management and Budget, which also circulated the rule to other interested federal agencies and coordinated their responses. The rule was always painstakingly developed, with extensive supporting analyses as required by both the Federal Housing Enterp ...
... and the final rule were reviewed by the Office of Management and Budget, which also circulated the rule to other interested federal agencies and coordinated their responses. The rule was always painstakingly developed, with extensive supporting analyses as required by both the Federal Housing Enterp ...
prospectus - Cullen Funds
... of poor performance. Periods of poor performance and declines in value of the High Dividend Fund’s underlying equity investments can be caused, and also be further prolonged, by many circumstances that can confront the global economy such as declining consumer and business confidence, malfunctioning ...
... of poor performance. Periods of poor performance and declines in value of the High Dividend Fund’s underlying equity investments can be caused, and also be further prolonged, by many circumstances that can confront the global economy such as declining consumer and business confidence, malfunctioning ...
European Banks – Capital
... banks are properly capitalised; many fall short of even the bare minimum. We remain conviction sellers of European banks and note the very weak performance of Eurozone banks in absolute and relative terms since OMT was announced. It’s as good as it gets. ● Why the note? There is a crisis in the regu ...
... banks are properly capitalised; many fall short of even the bare minimum. We remain conviction sellers of European banks and note the very weak performance of Eurozone banks in absolute and relative terms since OMT was announced. It’s as good as it gets. ● Why the note? There is a crisis in the regu ...
barrick gold corporation
... ounces of resources at year-end. In 2004 our focus will be on moving resources to reserve status while we bring additional reserves into production. Continued financial strength One of the reasons Barrick has been able to advance an ambitious exploration and development program is the financial stre ...
... ounces of resources at year-end. In 2004 our focus will be on moving resources to reserve status while we bring additional reserves into production. Continued financial strength One of the reasons Barrick has been able to advance an ambitious exploration and development program is the financial stre ...
The Interplay Between Student Loans and Credit Cards: Implications for Default ∗
... incentives in the two markets. Understanding these trade-offs is particularly important in the light of the recent trends in borrowing and default behavior. Data show that young U.S. households have the second highest rate of bankruptcy (just after those aged 35 to 44) and the rate among 25to 34-yea ...
... incentives in the two markets. Understanding these trade-offs is particularly important in the light of the recent trends in borrowing and default behavior. Data show that young U.S. households have the second highest rate of bankruptcy (just after those aged 35 to 44) and the rate among 25to 34-yea ...
American International Group, Inc. 2016 Annual Report
... such measures to the most comparable GAAP measures in accordance with Regulation G are included within this Annual Report, AIG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (included herein) or in the Fourth Quarter 2016 Financial Supplement available in the Investor Infor ...
... such measures to the most comparable GAAP measures in accordance with Regulation G are included within this Annual Report, AIG’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016 (included herein) or in the Fourth Quarter 2016 Financial Supplement available in the Investor Infor ...
PRINCIPAL FINANCIAL GROUP INC
... and, subsequent to June 30, 2003, its consolidated variable interest entities ("VIE"), have been prepared in conformity with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In ...
... and, subsequent to June 30, 2003, its consolidated variable interest entities ("VIE"), have been prepared in conformity with accounting principles generally accepted in the U.S. ("U.S. GAAP") for interim financial statements and with the instructions to Form 10-Q and Article 10 of Regulation S-X. In ...
Global Financial Systems Chapter 4 Liquidity
... recovers after being driven away from intrinsic value by uninformative shocks • Immediacy, the time it takes to find a counterparty, ...
... recovers after being driven away from intrinsic value by uninformative shocks • Immediacy, the time it takes to find a counterparty, ...
BGC Partners, Inc. (Form: 10-K, Received: 03/12
... Throughout this document BGC Partners, Inc. is referred to as “BGC” and, together with its subsidiaries, as the “Company,” “BGC Partners,” “we,” “us,” or “our.” Our Business We are a leading global brokerage company primarily servicing the wholesale financial and real estate markets, via our two seg ...
... Throughout this document BGC Partners, Inc. is referred to as “BGC” and, together with its subsidiaries, as the “Company,” “BGC Partners,” “we,” “us,” or “our.” Our Business We are a leading global brokerage company primarily servicing the wholesale financial and real estate markets, via our two seg ...
words - Nasdaq`s INTEL Solutions
... from operating the . gov registry are based on the terms of Verisign’s agreement with the U.S. General Services Administration (“GSA”). The fees received from operating the .jobs registry infrastructure are based on the terms of Verisign’s agreement with the registry operator of .jobs. No fees are r ...
... from operating the . gov registry are based on the terms of Verisign’s agreement with the U.S. General Services Administration (“GSA”). The fees received from operating the .jobs registry infrastructure are based on the terms of Verisign’s agreement with the registry operator of .jobs. No fees are r ...
Venture capital and the financial crisis
... discusses the origin and development of the venture capital industry of the United States and Europe, and discusses their differences. Chapter 3 provides insights in the causes and effects of the financial crisis. Chapter 4 provides information on more specific aspects of venture capital. Within thi ...
... discusses the origin and development of the venture capital industry of the United States and Europe, and discusses their differences. Chapter 3 provides insights in the causes and effects of the financial crisis. Chapter 4 provides information on more specific aspects of venture capital. Within thi ...
Chubb Ltd (Form: 10-K, Received: 02/26/2016 20:30
... We offer commercial insurance products and service offerings such as risk management programs, loss control and engineering and complex claims management. We provide specialized insurance products ranging from Directors & Officers (D&O) and professional liability to various specialty-casualty and um ...
... We offer commercial insurance products and service offerings such as risk management programs, loss control and engineering and complex claims management. We provide specialized insurance products ranging from Directors & Officers (D&O) and professional liability to various specialty-casualty and um ...
DOCX - World bank documents
... investment risk is borne by the contributors, and consequently greater capital requirements on the pension fund management company (PFMC) do not ensure better pensions in the future. Capital requirements on DC pension funds may play a counterproductive role in the value of future pensions.8 In the a ...
... investment risk is borne by the contributors, and consequently greater capital requirements on the pension fund management company (PFMC) do not ensure better pensions in the future. Capital requirements on DC pension funds may play a counterproductive role in the value of future pensions.8 In the a ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.