...MSCI leading provider of investment decision support tools to investment institutions Products include indices, portfolio risk, and performance analytics - for use in managing equity, fixed income and multi-asset class portfolios - and governance tools. Our principal sales model in both of our business segments is to license annual, recurring subscriptions to our products and services for use at specified locations, often by a given number of users or for a certain volume of services, for an annual fee paid up front. Our Governance business is a leading provider of corporate governance and specialized financial research and analysis services to institutional investors and corporations around the world. In June 2004, we acquired Barra, Inc. (“Barra”), a provider of portfolio risk analytics tools that launched its first risk analytics products in 1975, broadening our product range beyond index products. In November 2007, we completed an initial public offering (“IPO”) of approximately 16.1 million shares of our class A common stock In June 2010, we acquired RiskMetrics, a leading provider of risk management and governance products and services, in a cash-and-stock transaction valued In July 2010, we acquired Measurisk, LLC (“Measurisk”), a provider of risk transparency and risk measurement tools for hedge fund investors, to aid us in developing a broad platform and setting the standard for analyzing and reporting hedge fund risk in response to our clients’...
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...Investment Report Jane & Douglas Breighton Investment Report Jane & Douglas Breighton Best Choice Investment Solutions | FINM3008 Best Choice Investment Solutions | FINM3008 Minggang Gu|u5108473 Kejie Wang|u5133766 Tutorial Thursday 4pm Suggested Asset Allocation Breighton Holdings 14% Australian Equities 0% World Equities, Unhedged 0% World Equities, Hedged 11% Emerging Markets 13% EQUITIES 38% Australian Fixed Income 13% World Fixed Income, Hedged 19% Australian Index-Linked Bonds 0% Australian Cash 1% FIXED INCOME 33% Australian Listed Property 8% Australian Direct Property 9% PROPERTY 17% Hedge Funds 9% Commodities 1% US Private Equity 2% ALTERNATIVES 12% TOTAL 100% Contents Some critical assumption……………………………2 Asset Class Considerations………………………….2 Equities…………………………………………………..2 Fixed Income………………………………………….3 Alternatives and Property………………………4 Analysis Mothod………………………………………….5 Historical 3 Year Rolling Returns…………….5 Bootstrap Analysis………………………………….5 Mean-Variance Optimizer……………………..6 Results…………………………………………………………7 Final Recommendation……………………………….8 Building a Concrete Portfolio for Jane and Douglas Breighton………………………………….8 Appendices………………………………………………….9 References………………………………………………..13 Minggang Gu|u5108473 Kejie Wang|u5133766 Tutorial...
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...SHOPPING CENTRE OPERATIONAL PERFORMANCE REPORT 31 DECEMBER 2013 SHOPPING CENTRE OPERATIONAL PERFORMANCE REPORT OVERVIEW OF PORTFOLIO Westfield Retail Trust’s (the Trust) portfolio of shopping centres is geographically diverse, spread across five states and one territory in Australia, and New Zealand. The centres are generally located near or in major metropolitan areas, are anchored by major retailers with long term leases and incorporate a wide cross-section of specialty retailers and national chain store operators. The Trust’s shopping centre investments are undertaken through joint ventures and co-ownership arrangements, primarily with Westfield Group and major institutional investors. The following table sets out the Trust’s shopping centre portfolio as at 31 December 2013. Australia New Zealand Total Centres Retail Outlets GLA (million square metres) Asset Value (billion)1 1. Trust share of shopping centre assets excluding development projects and construction in progress of $247 million. Note: Exchange rate as at 31 December 2013 was AUD/NZ 1.0869 37 10,712 3.3 A$12.4 9 1,409 0.4 NZ$1.4 46 12,121 3.7 A$13.6 Key operating statistics for the shopping centre portfolio (including part-owned shopping centres on a 100% basis) for the year ended 31 December 2013, as applicable, include the following: − Comparable shopping centre net property income growth: 2.0% in Australia and 0.3% in New Zealand − Portfolio leased rate: >99.5% − Weighted average unexpired...
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...Running Head: INVESTMENT STRATEGY TUI UNIVERSITY Ford Foundation Investment Strategy James J. Chapa FIN 504 Module 1 Case Assignment Dr. Geoffrey Clarkson January 24, 2009 The Ford Foundation’s investment policies are a critical component of continued organizational success. To support its wide range of programs, the Foundation relies on a solid financial foundation and reliable sources of income. Quality investments provide part of this critical revenue stream. Setting a solid investment strategy requires an understanding of investment fundamentals, coupled with the investment goals of the Foundation. Analysis of these concepts shows why the optimal investment strategy for the Ford Foundation differs from that of other organizations or even individual investors, as the unique goals of foundations require particular investment philosophies. The Foundation faces financial decisions concerning not only how to use money today, but how to manage money and assets saved for later use. The methods used to save or invest this capital have a dramatic effect on the Foundation’s ability to achieve its mission in the future. Inflation constantly threatens to erode the future purchasing power of today’s savings. All investors must find ways to “put their savings to work,” seeking rates of return that compensate or overcome the effects of inflation and ensure adequate funds exist to meet future needs. First, investors must determine their goals....
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...Visit www.mbahotspot.com for more PROJECT REPORT ON Mutual Fund Industry In India BY MBAHOTSPOT.COM Brought to you by [www.mbahotspot.com] Visit www.MBAhotspot.com for more projects THIIS PROJECT IS MADE BY TEAM OF MBAHOTSPOT.COM, FOR YOUR COSTOM PROJECT YOU CAN MAIL US AT info@mbahotspot.com or mbahotspot@gmail.com we will make available for you. For your personalize project report emails us at: info@mbahotspot.com or mbahotspot@gmail.com 1 Visit www.mbahotspot.com for more For your personalize project report emails us at: info@mbahotspot.com or mbahotspot@gmail.com 2 Visit www.mbahotspot.com for more INTRODUCTION OF MUTUAL FUNDS Mutual funds have become a very popular way to take some of the risk out of investing in individual stocks by investors. Mutual funds are a collection of stocks selected by mutual fund seller and sold to investors as shares in a fund. There are several types of funds that you can invest in. Some of the more popular types are technology funds, growth funds, security funds, and income funds. Mutual funds are very popular because they allow you to invest in a numbers of stocks therefore greatly reducing the risks associated with putting you money in an individual stock. Mutual funds have become one of the most attractive ways for the average person to invest their money. A mutual fund pools resources from thousands of investors and then diversifies its investment into many different holdings such as stocks, bonds, or...
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... As part of a rotation within Equities you will be required to assist Fund Managers with researching companies within a variety of sectors and countries creating proprietary financial models and research notes. Prior to recommending a stock, you will be expected to generate independent forecasts on the key drivers of the business and present your research to the team. Your analysis and recommendations will be subject to rigorous scrutiny by senior investment professionals therefore you will enjoy early responsibility and will be rewarded by knowing you have played a key part of the investment decision making process. Data Consultants are responsible for delivering insights to our internal customers, the Investors. These will take the form of adhoc analysis reports and presentations, the creation of prototype tools and dashboards using tools like Tableau, and involvement in the creation of other enabling analyses and tool sets. Naturally, this requires a blend of skills including data analysis and statistics as well as communication and business skills – the...
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...Portfolio project- Part 2 1. One investment that performed well for my portfolio is Twitter. My return is +25.83% ending at a current of price $48.08 and paid $38.21. After researching recent news and events I found that the reason for this positive return is because on February 5, 2015, Twitter, Inc. issued a press release announcing its financial results for the quarter and fiscal year ended December 31, 2014 followed along with a earnings review on February 13, 2015. In the earnings review reports a 4Q14 beat on both revenue and EPS with signs showing a potential turnaround and the stock was up 16% after earnings. Also another report states that twitters MAU or mobile active users is slowly growing at a rate of 20% but earns 88% of their income from advertising through their mobiles. 2. An investment that performed poorly in my portfolio was Microsoft Corporation with a negative return of 6.48%. In recent news and events a reason that could have caused this there earnings press release on January 26, 2015 that announced the fiscal year 2015 second-quarter financial results. In the release Microsoft suffered $243 million dollars for their integrating and restructuring plan of Nokia devices and services or a $0.02 per share negative impact. Also there was a $0.04 per share negative impact related to income tax expense resulting from an IRS audit adjustment. 3. A. Cash = 0% B. Fixed income = 50% C. US Equities = 42% D. International Equities = 8% E. Alternatives...
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...Anthony’s Work Plan for Fixed Income – Summer 2013 Tuesday April 9-‐ • Anthony has received a copy of the quarterly report • We’ve decided that Anthony will send any work that is done within a week time period, on Sunday evenings. That way, if he is unable to complete the work during the week due to full time employment, he will have the weekend to do it. • Anthony completes finals on the 24th, so he will begin his fixed income work following that date General Overview: From a learning perspective, I think the initial part of research should be directed at understanding the material. So to begin with, for the first few weeks, Anthony can do reports on the current holdings as well as general information reports regarding bond and economic concepts. Following this, Anthony can to do research and reports/presentations on reallocating the portfolio based on our economic...
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...LIME TEAM Central Treasury Balance Sheet as at 14/06/2004 Consolidated Central Treasury 1,168,219 14,838,797 1,386,301 Portfolio 0 Assets Cash Receivables - Commodity/Currency - Administration Investments (INVCP3M) Market Value of Loans to Customers Interest on Cash Balances Deposit Margin 1,168,219 14,838,797 1,386,301 0 1,108,048,602 25,205 0 1,125,467,125 11,984 167 1,386,301 202,797,180 126,904,961 0 201,810,895 374,192,785 198,447,208 0 0 0 1,105,551,482 0 98,334,177 (96,756,746) 14,838,797 16,416,228 97,688,472 (96,768,783) 0 919,689 1,122,887,399 2,579,726 Shareholders Funds Accumulated Profits 0 1,108,048,602 25,205 17,418,523 0 0 1,108,048,602 11,984 167 1,386,301 202,797,180 126,904,961 0 201,810,895 374,192,785 198,447,208 0 0 0 1,105,551,482 0 98,334,177 (96,756,746) 1,577,431 97,688,472 (96,768,783) 919,689 1,108,048,602 0 Total Assets Liabilities Australian Dollars Cash Interest on Cash Balances Administration Payable Commercial Paper Domestic Bonds - 15/03/2005 Domestic Bonds - 15/03/2007 Domestic Bonds - 15/03/2009 Domestic Bonds - 15/03/2014 Swaps Variation Margin - 3 Year Contract Variation Margin - 10 Year Contract Brokerage due Total Australian Dollars United States Dollars Euro Bonds - 15/03/2007 Euro Bonds - 15/03/2014 Swaps Forwards 0 Total United States Dollars Euros Euro Bonds - 15/03/2009 Swaps Forwards 14,838,797 14,838,797 Total Euros 0 0 14,838,797 2,579,726 2,000,000 579,726 2,579,726 Total Liabilities Net Assets...
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...DEFINITION of 'Hedge Fund' Hedge funds are alternative investments using pooled funds that may use a number of different strategies in order to earn active return, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark). Because hedge funds may have low correlations with a traditional portfolio of stocks and bonds, allocating an exposure to hedge funds can be a good diversifier. Hedge Fund Strategies Many hedge fund styles exist; the following classifications of hedge fund styles is a general overview. * Equity market neutral: These funds attempt to identify overvalued and undervalued equity securities while neutralizing the portfolio’s exposure to market risk by combining long and short positions. Portfolios are typically structured to be market, industry, sector, and dollar neutral, with a portfolio beta around zero. This is accomplished by holding long and short equity positions with roughly equal exposure to the related market or sector factors. Because many investors face constraints relative to shorting stocks, situations of overvaluation may be slower to correct than those of undervaluation. Because this style seeks an absolute return, the benchmark is typically the risk-free rate. (For more, see: Getting Positive Results With Market-Neutral Funds.) * Convertible arbitrage:...
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...which is permitted by local securities laws. The analyst: A. did not violate the Standard I(A) Knowledge of the Law. B. violated Standard 1(A) Knowledge of the Law by purchasing the shares of the IPO but not by allowing the report to be published. C. violated Standard I(A) Knowledge of the Law both by allowing the report to be published and by purchasing the shares of the IPO. 2. Green Investments utilizes the CFA Institute Standards of Professional Conduct as their standards for ethical practice. For purposes of compliance, which of the following is least likely a violation of Green Investments' policies? A. One of Green Investments' marketing brochures states that several of the firm's portfolio managers passed all three levels of the CFA exam on their first attempts. B. At a meeting with potential clients, chief investment officer Bill Ray, CFA, states that he is among an "elite group of the most qualified investment professionals who have earned the right to use the CFA designation." C. In interviewing a prospective employee, a portfolio manager at the firm says that the position could be financially rewarding because "CFA charterholders are known to achieve superior performance results." 3. Charmaine Townsend, CFA, has been managing a growth portfolio for her clients using a screening...
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...Selling Financial Services - Pre Call Report of Scotiabank Executive Summary The Scotiabank is one of the world’s most popular banks in North America and is located in Canada, Halifax. Founded in 1832, Scotiabank came to be the second largest bank in Canada. A year after its development, Scotiabank paid out its first dividend to shareholders. Having marked the method in history, it was carried out through the golden era to the modern era and is yet continued to this day. Scotiabank provides innovative financial products and services to individual customers, small/medium sized business, corporations and governments across the world. Scotiabank operates in North America, Europe, Middle East, Asia and South America and has relationships with selected countries. Scotiabank is ranked as the leading financial provider of financial services. The bank consumes over $250 billion worth of assets, has 720 branches and organizes 50,000 employees in 50 countries worldwide. Scotiabank conducts through domestic banking, wealth management, Scotia Capital, and international banking. All of which are connected to their customers in different ways, from serving through networks, accounts to using an automated banking machine. Scotiabank is most popular for its massive selection of 60 mutual funds and managed portfolios to help investors accomplish their goals. More importantly Scotiabank mutual funds are sold by a commercial bank that competes with other banks in Canada such as TD Bank...
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...Hanoch Prisman hprisman@gmail.com Citizenship: Canadian, Israeli Date of Birth: February 20 1982 EDUCATION Schulich School of Business - Master of Business Administration (MBA) Dean’s list: June 2008 • Schulich School of Business entrance scholarship (Sept 2006) • Specialization: Financial Management, Investment Management, • Exchange Student Abroad: Recanati School of Management: January 2008 – May 2008 York University Bachelor of Arts, Economics (Hons.), Dean’s list: May 2006 • York University entrance scholarship (for academic excellence, Sept 2001) Toronto, Canada Tel Aviv, Israel Toronto, Canada EXPERIENCE Swap Trader, Toronto Dominion Securities • Swap & FX Trader: August 2009 - Present London, England Trading Interest Rate Derivatives: Full-time position trading interest rate swaps, FRAs, cross-currency swaps, gilts, FX as well as corporate bonds. Eurobond debt issuance combined with asset swapping to clients’ domestic currency facilitating low funding rates, mitigating currency and interest rate risk. Worked closely with origination and syndication team to issue Eurobonds. Sales and Trading Rotating Associate, Toronto Dominion Securities: August 2008 – August 2009 • Accepted into a highly competitive 16-month program (12 of approximately 1000 applicants) consisting of rotating throughout the institutional dealing room trading each of the Bank’s products for four month intervals. o Corporate Finance: May 2009 – August 2009 London, England Providing large loans...
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...UNIVERSITY DEPARTMENT OF MANAGEMENT Report on Summer Training [Title] Investment avenues Submitted to Lovely Professional University In partial fulfillment of the Requirements for the award of Degree of Master of Business Administration Submitted by: Tanu rani 10904883 DEPARTMENT OF MANAGEMENT LOVELY PROFESSIONAL UNIVERSITY JALANDHAR NEW DELHI GT ROAD PHAGWARA PUNJAB acknowledgement I present this project report on “INVESTMENT AVENUES” IN AXIS BANK LTD., Kashmiri gate, near hasan building with a sense of great pleasure and satisfaction. I undersign with pleasure take this opportunity to thank all those related directly or indirectly in preparation of this project report. I started working on this project under the invaluable guidance of Honorable 'Mr. ROHIT BANSAL SIR for which I am very much thankful for her valued time given for the purpose. Without her co-operation our project work would have been difficult to complete. I express our sincere thanks to Mr. PARITOSH GUPTA, (Branch Manager) in Axis Bank Ltd., Wardha and staff in that organization. I am also thankful to Mrs. RASHMI MITTAL MAAM [Dean of our college] to allow us to carry out this project. Date: Place: Fortnightly Progress Report School Name----Business and arts --------------------- ...
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...Structural Risk Management (Asset/Liability Management) (ALM) Section Topic Page 7000 Executive Summary…………………………………………… 7-2 7100 Legislative Summary………………………………………….. 7-3 7200 Policy……………………………………………………………. 7-5 7201 Asset/Liability Management Philosophy…………………….. 7-6 7202 Balance Sheet Mix…………………………………………….. 7-7 7203 Managing Liabilities…………………………………………… 7-9 7204 Managing Assets………………………………………………. 7-13 7205 Pricing…………………………………………………………… 7-14 7206 Terms……………………………………………………………. 7-15 7207 Interest Rate Risk……………………………………………… 7-16 7208 Matching Maturities……………………………………………. 7-17 7209 Foreign Currency Risk………………………………………… 7-18 7210 Financial Derivatives…………………………………………... 7-19 7300 Planning………………………………………………………… 7-21 7400 Risk Measurement and Board Reporting…………………… 7-22 7401 Mix and Yields…………………………………………………. 7-25 7402 Growth………………………………………………………….. 7-26 7403 Financial Margin……………………………………………….. 7-27 7404 Interest Rate Risk Measurement…………………………….. 7-28 7405 Monitoring Derivatives………………………………………… 7-35 7500 Risk Management……………………………………………… 7-36 7501 Reliance on Qualified and Competent Staff and Volunteers 7-37 7502 Managing Interest Rate Risk… ……………………………… 7-38 Executive Summary The goal of asset/liability management (ALM) is to properly manage the risk related to changes in interest rates, the mix of balance sheet assets and liabilities, the holding of foreign currencies, and the use of derivatives. These risks should be managed...
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