........................................................... 9 3.2. Greedy or stupid investors ......................................................................................................... 9 3.2.1. Third Parties and Fund of Funds ...................................................................................... 10 3.2.2. List of the casualties ......................................................................................................... 11 3.3
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Foundations of Finance: Overview Prof. Alex Shapiro Lecture Notes 1: Overview This lecture introduces much of the terminology we will use in the course‚ and we will describe it in more detail later. For now‚ to set the stage‚ we will review it very briefly in class‚ but make sure to get the supplemental details from the textbook. I. Readings II. Asset Classes III. Characteristics of an Asset IV. The Financial System V. Financial Markets VI. Financial Intermediaries VII
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multi-strategy hedge fund with approximately $600 million in capital. It sought to employ a diverse group of arbitrage trading strategies particularly featuring convertible bonds‚ mergers and utilities. In 2002‚ Amaranth added energy commodity trading to its slate of strategies with JP Morgan Chase clearing Amaranth’s commodity trades. A multi-strategy fund runs several different strategies in-house that contribute to the total performance of the fund. A single-strategy fund concentrates the whole
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portfolio evaluation and portfolio investment decision. 2. Portfolio Evaluation During the months‚ four stocks‚ one mutual funds and one bonds were added into the investment portfolio‚ which stock is Rolls-Royce Holdings PLC‚ BT Group PLC‚ Centrica PLC and Xstrata PLC‚ mutual funds is YAFIX‚ and bonds is Goodyear Tire& Rubber Co. Now there are six stocks‚ one mutual funds and one bonds in the portfolio. The new adding stock come from the stock market in UK. They belongs to the higher return and
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CHAPTER 1 About Participatory Notes ¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬¬____________________________________________________ Introduction to Participatory Notes: Participatory notes (PNs / P-Notes) are instruments used by investors or hedge funds that are not registered with the SEBI (Securities & Exchange Board of India) to invest in Indian securities. Indian based brokerages buy Indian-based securities and then issue participatory notes to foreign investors. Any dividends or capital gains collected
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Fund Industry Module 2 : Set-up and ongoing requirements of UCIs 10 February 2014 1 Introduction 1. Yesterday (Pre-AIFMD) vs. Today (Post AIFMD) Product laws EU Directives - purpose - supervision at Fund level and/or at manager’s level - Definition of UCITS • raising of capital from the public • investment in eligible assets in accordance with the principle of risk spreading - Definition of AIF • raising of capital from a number of investors • investment in accordance
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upper edge of this region is the efficient frontier in the absence of a risk-free asset. 2. (Chapter 1‚ Practice Questions 14) The return from the market last year was 10% and the risk-free rate was 5%. A hedge fund manager with a beta of 0.6 has an alpha of 4%. What return did the hedge fund manager earn? Solutions: 3. (Chapter 2‚ Q3) Page 2 of 8 (a). How many banks are there in the United States? (b). What is the size of the assets held by these banks? Solutions: (a)&(b) 4. (Chapter 2
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Real estate Mutual fund insurance commodity Equity trading currency 8) What is the spread of your investment in the products below? ( give the 100% ) Gold Equity investment Real estate Mutual fund insurance
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Amaranth was a hedge fund based out of Greenwich Connecticut started by Nicholas Maounis in 2000. At its peak‚ Amaranth had 9 billion dollars in assets and employed 115 employees. Amaranth began by trading convertible bonds and made a lot of profit through convertible arbitrage by simultaneously buying and selling convertible securities and common stock to capture gains from a difference in prices. Because convertible securities were often mispriced‚ this trade was very popular and as the rest of
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The main role of a unit trust consultant would be distributing unit trust or mutual funds on behalf of a unit trust managemen company/ bank to the public. By explaining and analysing each and every fund that are distributed‚ unit trust consultant aid their clients in giving their best bets on their investments. In reality‚ a unit trust consultant is helping their clients in achieving financial independence at earlier age. And these need to start from educating them how important a financial plan
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