US Banks‚ Contagion Effect and Systemic risk: Evidence in the wake of the LTCM near collapse. Sarvesh Mehta MSc Finance and Economics Student ID: 0851273 Supervisor: Xing Jin ACKNOWLEDGEMENTS I would like to thank my supervisor Mr Xing Jin for his valuable comments and guidance. I would also like to express my appreciation to all my lecturers and staff at Warwick Business School. Finally‚ I would like to thank my parents and family for their constant support and encouragement. All
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affiliates -leverage limits -no short selling Private Funds- Hedge funds‚ Collateralized Loan Oblications‚ Collateralized Debt Obligations‚ patent/intellectual property funds‚ venture capital funds Volcker Rule- short term trading account for prop. Trading qualification -Covered transactions prohibited even (federal reserve act 23a) Part 1 exemptions- bank and BHC cannot prop trade except -hedging- purchased to hedge position of investor against risk -activity outside of U.S. by
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-MFS- 1. Does the MFS system have weak or strong pay-to-performance? What type of behavior does the MFS system motivate? Basically‚ culture of MFS is focused on teamwork and community so that MFS manages their employees very fair and its compensation system also reflects this characteristic. For sustaining this team –based culture of MFS‚ which don’t prefer star(anti star culture)‚ MFS assesses their employees to the ways that not only fund-performance(performance factor) but also contribution
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Executive Summary In 2008‚ the largest “short squeeze” in the history‚ done by Porsche’s CFO to acquire control over Volkswagen through option contracts‚ had caused a huge loss for multiple hedge funds and investment banks in Germany. And meanwhile in 2007‚ until the beginning of 2008‚ TCI and 3G‚ 2 UK-based hedge funds‚ violated SEC disclosure requirements‚ hiding their objective to takeover CSX Corporation by entering into equity total return swaps with numerous investment banks. CSX was a one of
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Abstract The aim of this term paper is to supply an analysis on the rationales for corporations to apply hedging and hedge accounting. In order to do so‚ P. M. DeMarzo and D. Duffie’s paper “Corporate Incentives for Hedging and Hedge Accounting” published 1995 will be reviewed and analysed. This term paper will start with a short review of the literature on corporate risk management and hedging policies and then move on to a description of the model developed by DeMarzo and Duffie and its rationale
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Kauffman in 1998. It is a leading global alternative asset fund with approximately $29.9 billion in assets under management (AUM) as of March 31‚ 2007. They have three core business Private equity funds Hedge funds Publicly traded vehicles- Castles Castles- $ 3Bn Hedge fund$9.6Bn Private equity fund- $ 17.5Bn STRATEGYStrong Investment Performance Expand our Investment Products STRENGTHPresence in world market Good investment return Strong investor relation around 650 investors
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Pair Trading Educational Course – Part 1 Contrary to popular belief the market has logic to it. The market is efficient most of the time‚ which is stocks are priced accurately according to all the known and forecast information. The truest logic running through markets is that of relative value‚ all assets are worth something in relation to something else. Take gold for example; when you buy gold you are going short the dollar too. Stocks‚ when you buy stocks you are going short cash. Stocks‚ bonds
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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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The Dodd Frank Act Term Paper What the Dodd Frank Act Is The Dodd-Frank Wall Street Reform‚ better known as the financial bill‚ was signed by President Obama on July 21‚ 2010. The Act was basically passed to possibly prevent another 2008 financial crisis from occurring. It provides significant changes to the structure of federal financial regulation and new requirements that apply to market assistants. Due to this there are many acquisitions that can occur. The Act has made a huge changes
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e)The Ponzi Schem( Bernard Madoff First Semester - 2012 Contents: Name of the company…………………………………………………………2 Field of the company…………………………………………………...…..2 The Ethical dilemma or issue‚ which faced the company………………..2 The Consequences of ethical dilemma……………………………....….…3 -Economical consequences………………………………………....……3 - Social consequences……………………………………………..……..3 - Political consequences…………………………………………
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