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Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings of collective investment in transferable securities (UCITS) and Directive 2011/61/EU on Alternative Investment Funds Managers in respect of the excessive reliance on credit ratings

One key distinction is that business angels invest their own funds, unlike VC funds, who primarily invest funds committed by others (e.g. institutional investors). For this reason they typically invest in companies with which they can maintain close contacts (OECD, 2006). Furthermore, typically companies that receive BA financing are smaller (i.e. in terms of turnover – see also table 1 later in this text) than VC backed companies. Most of the companies that receive BA financing, do not receive VC financing at the same time. A study by Mason and Harrison (2002) found that the median holding period for an...



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Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings of collective investment in transferable securities (UCITS) and Directive 2011/61/EU on Alternative Investment Funds Managers in respect of the excessive reliance on credit ratings Directive 2009/65/EC on the coordination of laws, regulations and  administrative provisions relating to undertakings of collective investment in  transferable securities (UCITS) and Directive 2011/61/EU on Alternative Investment  Funds Managers in respect of the excessive reliance on credit ratings Composition and Distribution, Distribution Patterns, Biogeographic Region, Aphodiini Dung, Species Geographic, Taxonomic Data
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Lecture Investments: Principles of portfolio and equity analysis: Chapter 8 - CFA Institute

Chapter 8 - Overview of equity securities. This reading provides an overview of equity securities and their different features and establishes the background required to analyze and value equity securities in a global context.


Bài giảng Chu trình của dự án đầu tư

Nội dung bài giảng Chu trình của dự án đầu tư trình bày về quá trình xác định dự án, nghiên cứu cơ hội đầu tư, xác định mục tiêu của dự án, sàng lọc các ý đồ của dự án, nghiên cứu tiền khả thi.


HSBC Global Investment Funds - Unaudited Semi-Annual Report

At the same time, we document a substantial cross-sectional variation in the return gap, indicating that hidden costs are more important for some funds, while hidden benefits are more pronounced for others.We also find strong persistence in the return gap for up to 5 years into the future, which suggests that the return gap is driven by systematic factors. Moreover, we find persistence in the return gap not only for the worst performers but also for the best performers. Ourmain result shows that the past return gap helps to predict fund per- formance. Funds with high past return gaps tend to perform consistently better before and after adjusting for...


REGULATION FOR INVESTMENT FUNDS: Issued pursuant to the Administrative Decision No. (10 /2004)

The innovative nature of social funds, their contributions to poverty reduction, their wide- spread recognition as well as controversy surrounding them in developing countries and within the development community, all called for a global exchange of experiences and lessons learned. The Economic Development Institute (EDI) of the World Bank, after facilitating some regional exchanges among social funds’ managers in Latin America and Africa, identified the need for a global learning event in 1995 and initiated the preparation of the workshop in early 1996....


Nâng cao chất lượng thẩm định tài chính dự án đầu tư tại Ngân hàng NNo&PTNT - 6

5.4- Tổng mức đầu tư: Trong đó:48.906.574 USD - Đầu tư cho tài sản cố định:40.365.581 USD 8.540.993 USD - Đầu tư cho tài sản lưu động năm đầu sản xuất: Nếu tính cả phần tài sản cố định đi thuê thì tổng mức đầu tư ban đầu của dự án là 63.906.574USD và nhu cầu vốn lưu động trong những năm sản xuất ổn định là 1.365.923USD) 5.5 – Hạch toán thu nhập từ dự án. Doanh thu của nhà máy tăng từ dần qua các năm theo định mức huy động cộng suất; doanh thu trong thời kỳ sản xuất ổn...


DISCUSSION PAPER PI-1009: Why Does Mutual Fund Performance Not Persist? The Impact and Interaction of Fund Flows and Manager Changes

In addition to testing for the presence of smart money, the disaggregated na- ture of our fund f low data allows us to examine two key hypotheses with respect to mutual fund investor behavior. Specifically, we are in a position to compare the quality of fund selection decisions made by individual and institutional investors, and likewise to compare fund buying and selling decisions. While in- stitutions should benefit from both better information and more sophisticated evaluation techniques, we would expect individual investors to have greater incentives to make good investment decisions given the superior alignment of their payoffs with their investment returns (Del Guercio and Tkac (2002))....


Central Bank Data on Investment Funds

The Central Bank today publishes statistics for Q3 2012 on investment funds (IFs) resident in Ireland. IFs, measured by total shares/units in issue, increased by 4.4 per cent to €892 billion by end-Q3 2012, driven by revaluations of €24.3 billion and net new subscriptions of €13.5 billion. Growth was concentrated in equity and bond funds, at 5.3 and 4.5 per cent respectively, though was also evident in all fund types. During the same period, European units/shares in issue...


Tổng quán hoạch định ngân sách vốn đầu tư

Sau khi học xong môn này sinh viên có khả năng ứng dụng những lí thuyết hiện đại vào việc hoạch định ngân sách vốn đầu tư ở các doanh nghiệp cũng như các định chế tài chính. Môn học này chủ yếu đưa ra những quy trình cơ bản nhất trong hoạch định ngân sách vốn đầu tư, bao gồm các nội dung về: Hoạch định dòng tiền; Các tiêu chuẩn hoạch định ngân sách vốn đầu tư; Phân tích độ nhạy và rủi ro của các dự án; Đánh giá dự án trong thực tiển như trong trường...


Flow of Funds Accounts of the United States: Flows and Outstandings Third Quarter 2012

The second difference has to do with the tax treatment of capital gains. In the United Kingdom, the system is simple: Investors only pay capital gains tax when they sell their shares in a fund. In the United States, however, investors face an additional form of capital gains tax. U.S. mutual funds must distribute net capital gains realized by the fund, and when they do so, their investors are liable for tax on these distributions. While existing investors prefer their fund managers to defer realization of capital gains, the resulting tax overhang is likely to deter new investors (Barclay et al. (1998)). U.K. investors therefore face a simpler...


HIGHLIGHTS OF THE AUTHORISATION REQUIREMENTS FOR FUND DISTRIBUTION IN HONG KONG

The Manager is responsible for the day-to-day management of the Fund and its investment portfolio in compliance with the Fund’s constating documents. The Manager monitors and evaluates the performance of the Fund, pays for the investment management services of the investment advisors and provides all related administrative services required by the Fund. As compensation for its services the Manager is entitled to receive a fee payable monthly, calculated at the maximum annual rates included in Note 8(d)....


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