which will be discussed on 2/29/2012 1. How well has Value Trust performed in recent years? It had surpassed S&P500 for 14years in a row‚ achieving better results both bull markets or bear markets. As to its extraordinary returns‚ its annual return is 14.6% on average‚ which is3.67% high than S&P500. In making that assessment‚ what benchmark(s) are you using? How do you measure investment performance? What does good performance mean to you? Making money‚ low risk‚ low volatility
Premium Investment Mutual fund
Past and Current Trends Daniel Muldoon Psy/425 May 20th‚ 2013 Barbara Nosal Past and Current Trends Illicit drug use in the United States has been around for many years. Just because it has been around for this long does not mean that it is good for the people. This type of illegal activity has been known to bring around violence‚ gangs‚ prostitution‚ and other illegal activities. To see how the use of illegal drugs has evolved‚ one must look at the past trends of drug use and the current
Free Drug Illegal drug trade Morphine
quality performance in addition to the perennial problem of time and cost overrun ( Arazi and Sodangi). Xiaohang 2011 explained that construction contractors have big influence upon project and their success. There are many main contractors’ selection criteria that can be found in literatures‚ but in real practice‚ clients may have their different criteria (Arazi et al‚ 2011). (Olatunji‚ 2007) said most of the models of assessment used for the selection of contractors are not based on value and merits
Premium Construction Architect Project management
3.2.2. Computation of Current Trust Let TV(t) represents for a requested node’s historical trust level at the end of time interval t‚ and C(t + 1) represents for this node’s capability level on providing service for the next time interval t + 1 (prediction time interval)‚ which includes the remnant utilization ratio of battery‚ local memory‚ CPU cycle‚ and bandwidth at that point. Let TV(t + 1) refers to the same node’s current trust level for the next time interval t + 1. Assume the fuzzy membership
Premium Project management Management Critical path method
In the Value Trust case‚ Mr. Bill Miller is Chairman and Chief Investment Officer of Legg Mason Capital Management‚ a subsidiary of Legg Mason‚ Inc. He was a co-portfolio manager of the Legg Mason Capital Management Value Trust and portfolio manager of the Legg Mason Capital Management Opportunity Trust. From October 1981 through June 1985‚ Miller served as the Director of Research for Legg Mason‚ where he co-managed (with Ernie Kiehne) the Legg Mason Capital Management Value Trust since its
Premium Stock market Investment Mutual fund
1. This case goes back to the year the 2005. Value Trust was an $11.2 billion mutual fund in the middle of that year and had outperformed for the Standard & Poor’s 500 Index for 14 consecutive years. The fund was managed by William H. Miller III. During those 14 years‚ the fund experienced an average annual return of 14.6%. This return outperformed the S & P 500 by 3.67% per year. Morningstar claimed the Value Trust mutual fund fell behind the S & P 500 in 32 12-month periods
Premium Investment
Current Value Accounting and Its Influences on Accounting Environment Wei Cui Abstract Current Value Accounting is one of the hot spots of accounting researches. Three prevailing current value accounting methods are present value method‚ current entry price method and current exit price method. All these methods aim at adjusting the book value of assets and liabilities so that the information will not be distorted by the changing prices
Premium Generally Accepted Accounting Principles Balance sheet Net present value
Bill Miller and Value Trust Background Information Bill Miller is one of the most renowned professional fund managers. This can be proven by the outperformance of the Value Trust‚ which is managed by him‚ compared to its benchmark index‚ the Standard & Poor’s 500 Index (S&P 500)‚ for an astonishing 14 years in a row; and this marked the longest streak of success for any manager in the mutual-fund industry. By the middle of 2005‚ Value Trust is worth $11.2-billion. Bill Miller’s approach to
Premium Investment Mutual fund
1. How well has Value Trust performed in recent years? In making that assessment‚ what benchmark(s) are you using? How do you measure investment performance? What does good performance mean to you? Value trust had outperformed its benchmark index‚ the Standard & poor 500 Index for 14 years in a row; am average annual total return of 14.6 percent‚ which surpassed the S&P 500 by 3.67% per year. Value trust had earned a cumulative return of more than 830% over the previous 14 years‚ more
Premium Investment Mutual fund Stock market
environment‚ triggered by global competition and technological innovation‚ have led to innovations in the use of financial and nonfinancial information in organizations. The new environment demands relevant information and data about costs and performance within the organization’s activities‚ processes‚ products‚ services and customers. Usually‚
Premium Management accounting Activity-based costing