the market was efficient. Academic research‚ by such names as Fama and French‚ and traders’ skills were their two mantras‚ making them a unique type of investment firm at that time. Their strategy was mainly based on investing in index funds‚ in small stocks (illiquid stocks)
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The International Monetary Fund (IMF) is an international organization that oversees the global financial system by following the macroeconomic policies of its member countries‚ in particular those with an impact on exchange rates and the balance of payments. It is an organization formed to stabilize international exchange rates and facilitate development.[2] It also offers financial and technical assistance to its members‚ making it an international lender of last resort. Its headquarters are located
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“UK Open-Ended Mutual Funds Industry pre and post the Global Financial Crisis: Performance Persistence and Return Attribution” By Dimitris Xydias Abstract This dissertation project tests the persistence in performance of a survivorship bias controlled sample of 574 UK Open-End Mutual Funds for the period between 31/12/1999 and 31/12/2011 and decomposes the funds’ returns into factors. The former is done by employing both parametric and non-parametric approaches to identify persistence and the
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International Monetary Fund The International Monetary Fund (IMF) promotes international financial stability and monetary cooperation. It also seeks to facilitate international trade‚ promote high employment and sustainable economic growth‚ and reduce poverty around the world. The IMF has 188 member countries. It is a specialized agency of the United Nations but has its own charter‚ governing structure‚ and finances. Its members are represented through a quota system broadly based on their
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HISTORY The Home Development Mutual Fund (HDMF) was created on June 11‚1978 by virtue of Presidential Decree No. 1530. Primarily‚ the Fund was created to address two of the nation’s basic concerns: generation of savings and provision of shelter for the workers. Under PD 1530‚ two agencies administered the Fund. The Social Security Systems (SSS) handled the funds of private employees while Government Service Insurance System (GSIS) handled the funds of government workers. On March 1‚ 1979‚ Executive
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The free land is not free The author of “In the Land of Free”‚ Edith Maud Eaton‚ with pen name Sui Sin Far‚ was not a direct immigrant from Asia to the United States‚ but she portrayed the harsh treatment Asian immigrants faced upon entering in the U.S. in the late 1800s. Sui Sin Far‚ working as a journalist for Fly Lea‚ had exposed the extreme injustice done to Asian Americans in U.S. while she was living on the west coast of the United States. In addition‚ Sui Sin Far’s narration throughout “The
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Hedge Fund Strategy - Equity Long-Short An equity long-short strategy is an investing strategy‚ used primarily by hedge funds‚ that involves taking long positions in stocks that are expected to increase in value and short positions in stocks that are expected to decrease in value. You may know that taking a long position in a stock simply means buying it: If the stock increases in value‚ you will make money. On the other hand‚ taking a short position in a stock means borrowing a stock you don’t
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Best Environmental Practices of MARKS & SPENCER A Case Study 2009 Best Environmental Practices of Marks & Spencer: A Case Study www.greeningretail.ca 1 Greening Retail Best Environmental Practices of Leading Retailers from Around the World 2009 Prepared by Dr. Leigh Sparks Email: Leigh.Sparks@stir.ac.uk Web: www.irs.stir.ac.uk Greening Retail Best Environmental Practices of Leading Retailers Around the World Through the Greening Retail program‚ 15 leading retailers were interviewed
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The International Monetary Fund: Its Present Role in Historical Perspective* Prepared for the U.S. Congressional International Financial Institution Advisory Commission * For valuable and timely research assistance we thank Debajyoti Chakrabarty. For helpful comments on an earlier draft we thank Jim Boughton. Table of Contents 1. Introduction 2. What does the IMF do? 3. Origins and Original Aims 4. The IMF’s Role in the Post Bretton
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Texas A&M University Mays Business School Spring 2013 Professor Yong Chen Case 1: Dimensional Fund Advisors (Harvard Business School Case # 9-203-026) Due Wednesday‚ March 20 Objectives Subjects covered in the DFA case include efficient markets‚ models of capital market equilibrium‚ financial instruments‚ investment management‚ tax management‚ and stock trading. The case promotes an understanding of several important topics in finance. (1) The case introduces many of the major
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