This document summarizes a presentation given by various experts on calibrating outcomes for defined contribution pension plans. It discusses perspectives from three lenses: the scheme lens, the consumer lens, and the asset manager lens. Specific schemes like Pearson Group Pension Plan, IBM, Arup, and Thomas Miller are examined in terms of their default funds, member behaviors, and strategies for improving outcomes. Key challenges discussed include the importance of default funds, improving member contributions and engagement, managing volatility, and selecting appropriate multi-asset default solutions.
The document proposes a new mathematical model for musyarakah (joint venture) contracts in Islamic banking. The model allows for two different profit sharing rates between the bank and customer. This addresses limitations in previous models that used a single rate, which could be unfair to one party. The document applies the new model to a sample musyarakah product over 6 months with changing profit rates. The results show the new model distributing profits fairly between the bank and customer compared to previous models. This could encourage banks to offer more musyarakah products and promote equity-based contracts in Islamic finance.
SEB has a strong competitive position as a long-term relationship bank in the Nordic region. The bank pursued a multi-disciplinary strategy in 2006 to stay ahead of market changes. Going forward, SEB believes structural trends around wealth management, demographics, and emerging markets remain valid opportunities despite regulatory uncertainty post-crisis. SEB is well positioned to leverage these trends through its existing franchises and relationships.
The document summarizes the findings of a survey on crowd funding in Australia. 80% of respondents were receptive to allowing securities crowd funding as an alternative for startups to raise capital, as long as proper regulatory measures are in place. The majority believed the ideal maximum amount raised through a crowd funding platform is $1,000,000, to keep costs low while maintaining integrity. Most survey participants were entrepreneurs or business owners. The conclusion reflects on additional points to consider regarding crowd funding regulations.
The Vigo Programme is a new type of acceleration program in Finland designed to complement the existing innovation ecosystem. It selects independent accelerator companies to provide support, experience, and financing to high-potential Finnish startups. The key objectives are to help promising startups grow, ensure early funding, increase company value, and attract venture capital investments. Six respected accelerators were initially selected to work with over 40 startups. The program has seen nearly 60 million euros raised to date, with successful exits and hundreds of new jobs created after the first 20 months of operation.
Edelweiss mutual fund common application form with kimPrajna Capital
1) The document provides key information on various mutual fund schemes offered by Edelweiss Mutual Fund, including their investment objectives, asset allocation patterns, investment strategies, and risk profiles.
2) It describes the plans and minimum investment amounts for the Edelweiss Liquid Fund and Edelweiss Ultra Short Term Bond Fund schemes.
3) Performance details like returns over the last 1 year and since inception are provided for each scheme, along with the respective benchmark returns.
Alternatives to Traditional Canadian Fixed IncomeJamie_Colliver
This document summarizes Jamie Colliver's presentation on alternatives to traditional Canadian fixed income investments. Some key points include:
- Traditional fixed income portfolios are often benchmarked against the DEX Universe index and have a home country bias, but alternatives exist that can improve risk-adjusted returns.
- Post-2008, investors are more focused on risk-adjusted returns, liability-driven investing, and taking on foreign currency exposure to generate alpha.
- The current fixed income landscape includes increasing bond allocations to better match liabilities, taking on non-Canadian exposure, sector allocation strategies, and active managers who can add value through security selection and anticipating credit events.
- Integra proposes alternatives like
The document summarizes Paraná Banco's 1Q08 earnings presentation. Key points include:
- Paraná Banco focuses on payroll-deductible and middle-market loans with a low-risk customer base.
- Its loan portfolio totaled R$1.31 billion in 1Q08, up 8% from 4Q07. Portfolio quality remained high with 3.9% rated D-H.
- Net income was R$23.6 million in 1Q08, up 132.2% from 1Q07 but down 34.6% from 4Q07. Shareholders' equity grew 336.4% to R$815.9 million from 1Q07 to
The document proposes a new mathematical model for musyarakah (joint venture) contracts in Islamic banking. The model allows for two different profit sharing rates between the bank and customer. This addresses limitations in previous models that used a single rate, which could be unfair to one party. The document applies the new model to a sample musyarakah product over 6 months with changing profit rates. The results show the new model distributing profits fairly between the bank and customer compared to previous models. This could encourage banks to offer more musyarakah products and promote equity-based contracts in Islamic finance.
SEB has a strong competitive position as a long-term relationship bank in the Nordic region. The bank pursued a multi-disciplinary strategy in 2006 to stay ahead of market changes. Going forward, SEB believes structural trends around wealth management, demographics, and emerging markets remain valid opportunities despite regulatory uncertainty post-crisis. SEB is well positioned to leverage these trends through its existing franchises and relationships.
The document summarizes the findings of a survey on crowd funding in Australia. 80% of respondents were receptive to allowing securities crowd funding as an alternative for startups to raise capital, as long as proper regulatory measures are in place. The majority believed the ideal maximum amount raised through a crowd funding platform is $1,000,000, to keep costs low while maintaining integrity. Most survey participants were entrepreneurs or business owners. The conclusion reflects on additional points to consider regarding crowd funding regulations.
The Vigo Programme is a new type of acceleration program in Finland designed to complement the existing innovation ecosystem. It selects independent accelerator companies to provide support, experience, and financing to high-potential Finnish startups. The key objectives are to help promising startups grow, ensure early funding, increase company value, and attract venture capital investments. Six respected accelerators were initially selected to work with over 40 startups. The program has seen nearly 60 million euros raised to date, with successful exits and hundreds of new jobs created after the first 20 months of operation.
Edelweiss mutual fund common application form with kimPrajna Capital
1) The document provides key information on various mutual fund schemes offered by Edelweiss Mutual Fund, including their investment objectives, asset allocation patterns, investment strategies, and risk profiles.
2) It describes the plans and minimum investment amounts for the Edelweiss Liquid Fund and Edelweiss Ultra Short Term Bond Fund schemes.
3) Performance details like returns over the last 1 year and since inception are provided for each scheme, along with the respective benchmark returns.
Alternatives to Traditional Canadian Fixed IncomeJamie_Colliver
This document summarizes Jamie Colliver's presentation on alternatives to traditional Canadian fixed income investments. Some key points include:
- Traditional fixed income portfolios are often benchmarked against the DEX Universe index and have a home country bias, but alternatives exist that can improve risk-adjusted returns.
- Post-2008, investors are more focused on risk-adjusted returns, liability-driven investing, and taking on foreign currency exposure to generate alpha.
- The current fixed income landscape includes increasing bond allocations to better match liabilities, taking on non-Canadian exposure, sector allocation strategies, and active managers who can add value through security selection and anticipating credit events.
- Integra proposes alternatives like
The document summarizes Paraná Banco's 1Q08 earnings presentation. Key points include:
- Paraná Banco focuses on payroll-deductible and middle-market loans with a low-risk customer base.
- Its loan portfolio totaled R$1.31 billion in 1Q08, up 8% from 4Q07. Portfolio quality remained high with 3.9% rated D-H.
- Net income was R$23.6 million in 1Q08, up 132.2% from 1Q07 but down 34.6% from 4Q07. Shareholders' equity grew 336.4% to R$815.9 million from 1Q07 to
The document outlines that statements made in the presentation that are not historical facts are forward-looking statements representing presenters' beliefs and assumptions based on currently available information, and that actual results could differ materially from projections due to various risk factors; it also notes that the presentation may relate to matters such as expected financial performance and business prospects.
Preliminary Results and 2013-2017 Strategic Plan (February 6, 2013)Terna SpA
This document provides an analyst presentation on Terna's highlights and strategic plan for 2013-2017.
Some key highlights from 2012 include double-digit growth in revenues and EBITDA, an EBITDA margin above 76%, and net debt in line with guidance. The presentation outlines Terna's strategic plan to invest €4.1 billion in regulated capex from 2013-2017, with a focus on increasing efficiency and maintaining a blended return of around 8%. It also discusses Terna's plans to invest €300 million in battery storage projects over this period.
A 2 aumen fund measuring social impact-molly alexanderadhersdomain
1) The document discusses measuring the social and financial returns of patient capital investments using metrics.
2) It describes Acumen's approach of tracking key metrics in three categories - financial, operational, and social - as well as company-specific metrics.
3) The process involves selecting meaningful metrics, setting targets, collecting and synthesizing data, and regularly reviewing outputs to inform decision making.
Workshop Hedge Funds and Sovereign Wealth Funds - HabbardSocial Europe
The document discusses pension fund investments in activist hedge funds and ensuring accountability across the investment chain. It provides examples of activist hedge funds pressuring companies to change boards, CEOs, payout policies, and undertake restructurings. It also discusses how pension funds can promote accountability through board representation, proxy voting, and ensuring managers act in beneficiaries' long-term interests rather than short-term gains. International guidance and national regulations aim to balance corporate and pension fund governance with workers' interests as employees and investors.
The document discusses social investment around the world. It provides statistics showing that socially responsible investment assets totaled €7,594 billion in Europe and $4,986 billion in the US. Impact investment is predicted to be $400 billion to $1 trillion over the next 10 years. Some of the major alliances and networks mentioned are the Global Impact Investing Network, Aspen Network of Development Entrepreneurs, and Sustainable and Responsible Investment Forum. Examples are given of impact investment funds and the sectors and locations they invest in as well as outcomes achieved.
Investors Chronicle Media Presentation 2011piercepca
The document provides information about Investors Chronicle, a UK publication that helps private investors make investment decisions. It discusses the publication's readership research conducted in 2011 and changes made based on the research, including introducing a new website. Key points about the readership include that they are wealthy UK investors with a total net worth of £34.2 billion. The majority invest in UK shares and hold a diverse range of investments. The document also provides details about the new website and sections, as well as information about the readership's demographics, investment habits, and mobile usage.
Rathbones research paper - Income-only or total return - June 2015Andrew Pitt
This document discusses the choice between an income-only approach and a total return approach for charity investment portfolios. It outlines some advantages and disadvantages of each approach. The key advantages of an income-only approach are the ease of identifying income, the reliability of income levels, and that income is a good measure of investment value. However, current low income levels, a reduced investment opportunity set, and potential issues with some investment types are disadvantages. A total return approach avoids issues with low income but has reduced ease of identification and potential poor market timing as disadvantages. The document provides context on typical charity asset allocations and factors influencing the increased debate on this topic.
Acumen Fund is a nonprofit social investment fund that provides patient capital to companies focused on sustainably serving the poor. Over the past decade, Acumen has invested $79 million in 69 companies across multiple industries like housing, health, energy, agriculture and education, reaching over 90 million individuals and creating 57,000 jobs. Acumen seeks potential "game changing" investments that have the ability to significantly impact poverty at a large scale and become financially self-sustaining. The organization operates through local offices in multiple emerging markets and plans to expand its global footprint and portfolio size to $150 million impacting 150 million lives by 2015.
The document summarizes a Green Arts Lab project kick-off meeting about greening mobility funding in Europe. It discusses On the Move (OTM), a cultural mobility network that informs members about funding opportunities, advocates for sustainable mobility practices, and builds sector capacity. OTM plans to host a workshop with public and private funders to explore embedding environmental criteria into cultural mobility funding schemes, in collaboration with Julie's Bicycle. The workshop would include experiences sharing, visits to sustainable Berlin organizations, and developing recommendations for funders to increase awareness and support greener mobility practices.
Building Business Models Around E-Commerce and Augmented RealityZugara
This was a presentation Zugara CEO Matthew Szymczyk gave at ARE (Augmented Reality Event) on June 2, 2010 on building business models around e-commerce and augmented reality.
This document summarizes a presentation comparing the iTunes music store model to potential models for online scholarly publishing ("iPub"). It notes that while scholarly publishing shares iTunes' large user base and ability to provide individual articles, it lacks iTunes' simple pricing, low prices, and integration with a popular device (iPod). The presentation argues scholarly publishing needs to simplify pricing models, offer lower prices per article, and potentially integrate with common researcher tools to emulate iTunes' success.
The document recommends building community support for climate action in Seattle through consistent communication of how climate policies align with community values like prosperity, equity, and sustainability. It suggests conducting research to develop an effective narrative, using that narrative across City communications, and building a regional network to share proven messages. It also recommends illustrating how individual climate-friendly decisions connect to long-term goals, engaging the community in policy design, sharing local success stories, and cultivating new climate champions from diverse backgrounds.
The document discusses integrating web accessibility into e-learning in Thailand. It provides background on the need for accessible e-learning to benefit all students, including those with disabilities. It then summarizes the current state of support for students with disabilities in Thailand's education system and barriers they face. The study involved an online survey of 118 Thai e-learning web administrators to understand their use of web accessibility features and perspectives on integrating accessibility in the future. While over half said they may incorporate accessibility, many were unsure, highlighting the need for more progress on this issue in Thailand.
This document discusses the Ecological Society of America's (ESA) international outreach efforts, particularly in China. It provides background on ESA, including its founding, members, programs, and publications. It then discusses ESA's international connections through overseas members, international chapters and sections. It also describes collaborations through the Federation of the Americas. The document focuses on ESA's efforts to reach scientists in China through publishing its journals there, holding workshops on publishing in international journals, and developing relationships with Chinese scientists to further ecological science and ESA's mission globally.
Presentation at the HCIR-2011 workshop by Anna Divoli (University of Chicago) and Alyona Medelyan (Pingar). Title: Search interface feature evaluation in biosciences
1) Hyves is a social network popular in the Netherlands, with over 10 million users who generate over 6 billion pageviews and 850,000 new photos uploaded per day.
2) Hyves differentiates itself through its local relevance within the Netherlands and innovative services like integrated payments between users, a social video platform, and mobile offerings including free calling and SMS between Hyves mobile users.
3) The presentation argues that the future of the internet will be social and mobile, and Hyves aims to connect the Netherlands through communities around sports, classifieds, gaming and current events.
This document provides guidance for vendors responding to a request for proposal (RFP). It outlines the key steps, which include reading the RFP thoroughly, establishing win themes in an internal kickoff meeting, collecting questions, framing the response, ensuring proper grammar, conducting an internal review, submitting before the deadline, preparing for presentations as an assembled team with rehearsal, taking nothing for granted by being overly prepared, negotiating if selected, celebrating the outcome, and conducting a post-mortem review.
The document summarizes a BEN Networking event about raising finance in difficult times held on April 19th, 2012. It provides an agenda for the evening including speakers on the funding landscape, tax-efficient ways to access finance through programs like the Enterprise Investment Scheme and Venture Capital Trusts, and a discussion period. Upcoming BEN Networking events are also advertised on topics like technology startups, entrepreneurship, and an innovation showcase.
Trends Affecting Today's Investor - Chris McDermottPhilip Taylor
The document discusses trends affecting today's investors including over a decade of difficult market conditions, an aging population with low retirement readiness, underfunded pensions, high consumer debt levels, and pessimistic investor sentiment. It also outlines how financial advisors can help investors by focusing on key questions related to markets and financial planning, providing education through various channels, and positively influencing investor behavior.
The document discusses options for debt and equity finance in the South West region. It begins with an introduction to the speakers and their backgrounds. Richard Davis then discusses various debt financing options available from Lloyds TSB Commercial such as overdrafts, term loans, and the Enterprise Finance Guarantee Scheme. Bruce Colley then presents on alternative funding sources to fill the gap between traditional bank lending and equity finance. He discusses the current lending context and median interest rates.
The Eastern Caribbean Enterprise Fund aims to promote sustainable economic growth in the OECS through entrepreneurship and private sector development. It will establish two investment funds totaling $25 million to provide financing and technical assistance for SMEs and larger growth companies. The ECEF seeks to raise $25 million in seed capital through private placements with regional institutions and investors to begin operations and make its first investments. It outlines the fund structures, investment selection process, governance, target returns and fees, marketing strategy, and staffing and budget plans.
Funding trends - Breakfast seminar 14 March 2012RichardWadmanFC
This document summarizes trends in business funding in 2011 and expectations for 2012. It notes that while debt funding from banks increased in 2011, levels were still below 2006-2008. Equity deals decreased in 2011. For 2012, it is expected that the number of equity-backed deals will increase substantially. New sources of equity funding are also emerging, such as crowdfunding platforms and angel investor groups. Overall, the implications are that equity funding may play a larger role in 2012 compared to debt funding.
The document outlines that statements made in the presentation that are not historical facts are forward-looking statements representing presenters' beliefs and assumptions based on currently available information, and that actual results could differ materially from projections due to various risk factors; it also notes that the presentation may relate to matters such as expected financial performance and business prospects.
Preliminary Results and 2013-2017 Strategic Plan (February 6, 2013)Terna SpA
This document provides an analyst presentation on Terna's highlights and strategic plan for 2013-2017.
Some key highlights from 2012 include double-digit growth in revenues and EBITDA, an EBITDA margin above 76%, and net debt in line with guidance. The presentation outlines Terna's strategic plan to invest €4.1 billion in regulated capex from 2013-2017, with a focus on increasing efficiency and maintaining a blended return of around 8%. It also discusses Terna's plans to invest €300 million in battery storage projects over this period.
A 2 aumen fund measuring social impact-molly alexanderadhersdomain
1) The document discusses measuring the social and financial returns of patient capital investments using metrics.
2) It describes Acumen's approach of tracking key metrics in three categories - financial, operational, and social - as well as company-specific metrics.
3) The process involves selecting meaningful metrics, setting targets, collecting and synthesizing data, and regularly reviewing outputs to inform decision making.
Workshop Hedge Funds and Sovereign Wealth Funds - HabbardSocial Europe
The document discusses pension fund investments in activist hedge funds and ensuring accountability across the investment chain. It provides examples of activist hedge funds pressuring companies to change boards, CEOs, payout policies, and undertake restructurings. It also discusses how pension funds can promote accountability through board representation, proxy voting, and ensuring managers act in beneficiaries' long-term interests rather than short-term gains. International guidance and national regulations aim to balance corporate and pension fund governance with workers' interests as employees and investors.
The document discusses social investment around the world. It provides statistics showing that socially responsible investment assets totaled €7,594 billion in Europe and $4,986 billion in the US. Impact investment is predicted to be $400 billion to $1 trillion over the next 10 years. Some of the major alliances and networks mentioned are the Global Impact Investing Network, Aspen Network of Development Entrepreneurs, and Sustainable and Responsible Investment Forum. Examples are given of impact investment funds and the sectors and locations they invest in as well as outcomes achieved.
Investors Chronicle Media Presentation 2011piercepca
The document provides information about Investors Chronicle, a UK publication that helps private investors make investment decisions. It discusses the publication's readership research conducted in 2011 and changes made based on the research, including introducing a new website. Key points about the readership include that they are wealthy UK investors with a total net worth of £34.2 billion. The majority invest in UK shares and hold a diverse range of investments. The document also provides details about the new website and sections, as well as information about the readership's demographics, investment habits, and mobile usage.
Rathbones research paper - Income-only or total return - June 2015Andrew Pitt
This document discusses the choice between an income-only approach and a total return approach for charity investment portfolios. It outlines some advantages and disadvantages of each approach. The key advantages of an income-only approach are the ease of identifying income, the reliability of income levels, and that income is a good measure of investment value. However, current low income levels, a reduced investment opportunity set, and potential issues with some investment types are disadvantages. A total return approach avoids issues with low income but has reduced ease of identification and potential poor market timing as disadvantages. The document provides context on typical charity asset allocations and factors influencing the increased debate on this topic.
Acumen Fund is a nonprofit social investment fund that provides patient capital to companies focused on sustainably serving the poor. Over the past decade, Acumen has invested $79 million in 69 companies across multiple industries like housing, health, energy, agriculture and education, reaching over 90 million individuals and creating 57,000 jobs. Acumen seeks potential "game changing" investments that have the ability to significantly impact poverty at a large scale and become financially self-sustaining. The organization operates through local offices in multiple emerging markets and plans to expand its global footprint and portfolio size to $150 million impacting 150 million lives by 2015.
The document summarizes a Green Arts Lab project kick-off meeting about greening mobility funding in Europe. It discusses On the Move (OTM), a cultural mobility network that informs members about funding opportunities, advocates for sustainable mobility practices, and builds sector capacity. OTM plans to host a workshop with public and private funders to explore embedding environmental criteria into cultural mobility funding schemes, in collaboration with Julie's Bicycle. The workshop would include experiences sharing, visits to sustainable Berlin organizations, and developing recommendations for funders to increase awareness and support greener mobility practices.
Building Business Models Around E-Commerce and Augmented RealityZugara
This was a presentation Zugara CEO Matthew Szymczyk gave at ARE (Augmented Reality Event) on June 2, 2010 on building business models around e-commerce and augmented reality.
This document summarizes a presentation comparing the iTunes music store model to potential models for online scholarly publishing ("iPub"). It notes that while scholarly publishing shares iTunes' large user base and ability to provide individual articles, it lacks iTunes' simple pricing, low prices, and integration with a popular device (iPod). The presentation argues scholarly publishing needs to simplify pricing models, offer lower prices per article, and potentially integrate with common researcher tools to emulate iTunes' success.
The document recommends building community support for climate action in Seattle through consistent communication of how climate policies align with community values like prosperity, equity, and sustainability. It suggests conducting research to develop an effective narrative, using that narrative across City communications, and building a regional network to share proven messages. It also recommends illustrating how individual climate-friendly decisions connect to long-term goals, engaging the community in policy design, sharing local success stories, and cultivating new climate champions from diverse backgrounds.
The document discusses integrating web accessibility into e-learning in Thailand. It provides background on the need for accessible e-learning to benefit all students, including those with disabilities. It then summarizes the current state of support for students with disabilities in Thailand's education system and barriers they face. The study involved an online survey of 118 Thai e-learning web administrators to understand their use of web accessibility features and perspectives on integrating accessibility in the future. While over half said they may incorporate accessibility, many were unsure, highlighting the need for more progress on this issue in Thailand.
This document discusses the Ecological Society of America's (ESA) international outreach efforts, particularly in China. It provides background on ESA, including its founding, members, programs, and publications. It then discusses ESA's international connections through overseas members, international chapters and sections. It also describes collaborations through the Federation of the Americas. The document focuses on ESA's efforts to reach scientists in China through publishing its journals there, holding workshops on publishing in international journals, and developing relationships with Chinese scientists to further ecological science and ESA's mission globally.
Presentation at the HCIR-2011 workshop by Anna Divoli (University of Chicago) and Alyona Medelyan (Pingar). Title: Search interface feature evaluation in biosciences
1) Hyves is a social network popular in the Netherlands, with over 10 million users who generate over 6 billion pageviews and 850,000 new photos uploaded per day.
2) Hyves differentiates itself through its local relevance within the Netherlands and innovative services like integrated payments between users, a social video platform, and mobile offerings including free calling and SMS between Hyves mobile users.
3) The presentation argues that the future of the internet will be social and mobile, and Hyves aims to connect the Netherlands through communities around sports, classifieds, gaming and current events.
This document provides guidance for vendors responding to a request for proposal (RFP). It outlines the key steps, which include reading the RFP thoroughly, establishing win themes in an internal kickoff meeting, collecting questions, framing the response, ensuring proper grammar, conducting an internal review, submitting before the deadline, preparing for presentations as an assembled team with rehearsal, taking nothing for granted by being overly prepared, negotiating if selected, celebrating the outcome, and conducting a post-mortem review.
The document summarizes a BEN Networking event about raising finance in difficult times held on April 19th, 2012. It provides an agenda for the evening including speakers on the funding landscape, tax-efficient ways to access finance through programs like the Enterprise Investment Scheme and Venture Capital Trusts, and a discussion period. Upcoming BEN Networking events are also advertised on topics like technology startups, entrepreneurship, and an innovation showcase.
Trends Affecting Today's Investor - Chris McDermottPhilip Taylor
The document discusses trends affecting today's investors including over a decade of difficult market conditions, an aging population with low retirement readiness, underfunded pensions, high consumer debt levels, and pessimistic investor sentiment. It also outlines how financial advisors can help investors by focusing on key questions related to markets and financial planning, providing education through various channels, and positively influencing investor behavior.
The document discusses options for debt and equity finance in the South West region. It begins with an introduction to the speakers and their backgrounds. Richard Davis then discusses various debt financing options available from Lloyds TSB Commercial such as overdrafts, term loans, and the Enterprise Finance Guarantee Scheme. Bruce Colley then presents on alternative funding sources to fill the gap between traditional bank lending and equity finance. He discusses the current lending context and median interest rates.
The Eastern Caribbean Enterprise Fund aims to promote sustainable economic growth in the OECS through entrepreneurship and private sector development. It will establish two investment funds totaling $25 million to provide financing and technical assistance for SMEs and larger growth companies. The ECEF seeks to raise $25 million in seed capital through private placements with regional institutions and investors to begin operations and make its first investments. It outlines the fund structures, investment selection process, governance, target returns and fees, marketing strategy, and staffing and budget plans.
Funding trends - Breakfast seminar 14 March 2012RichardWadmanFC
This document summarizes trends in business funding in 2011 and expectations for 2012. It notes that while debt funding from banks increased in 2011, levels were still below 2006-2008. Equity deals decreased in 2011. For 2012, it is expected that the number of equity-backed deals will increase substantially. New sources of equity funding are also emerging, such as crowdfunding platforms and angel investor groups. Overall, the implications are that equity funding may play a larger role in 2012 compared to debt funding.
Urban Capital Partners is launching the UCP Rescue Capital Fund I to invest in commercial real estate facing maturing CMBS debt between 2014-2017. The $2 million fund will target office and multifamily properties in Southeast and Mid-Atlantic markets needing capital restructuring or asset repositioning to generate returns above 20%. The general partner will seek 5 deals annually and co-invest 5% of the fund's equity to capitalize on abundant distressed assets facing maturing commercial mortgage backed securities loans.
With the onset of higher personal tax rates, more complex rules on the tax deductibility of interest and an election round the corner, now is the time to be thinking about structuring your tax affairs.
BDO ran a seminar for private equity executives that demonstrated:
- How to structure your fund
- How to plan during the life of your fund
- Latest techniques for structuring transactions
- Minimising VAT leakage
Find out more in the slides of the presentation.
This document summarizes a presentation given by Jeremy Lee of Redington and Nobby Clark of HSBC Pensions Solutions Group on non-cash funding solutions for pension schemes. The agenda included discussions of alternative funding options to cash such as asset-backed structures, a brief history of these types of deals, recent transactions completed, issues to consider, and an HSBC case study. Key points covered included how asset-backed deals can reduce funding deficits and IAS19 deficits while providing greater security for pension schemes through secured interests in corporate assets. Recent large deals were highlighted including those done by M&S, Lloyds, and John Lewis. Risks around asset concentration, future surplus management, and valuation were also noted.
ACG European Capital Tour Pamela Hendrickson and Dominique GaillardACGEU
ACG European Capital Tour; views and perspectives on French and US private equity. Pamela Hendrickson COO the Riverside Company, Dominique Gaillard, Board member AXA Private Equity
The document provides an overview of mutual funds including:
1. It defines a mutual fund as a professionally managed collective investment vehicle that pools money from investors to purchase securities.
2. It lists some key advantages of mutual funds such as diversification, daily liquidity, professional investment management, and government oversight.
3. It outlines some types of mutual fund schemes including growth funds, income funds, balanced funds, and money market funds.
GrowVC Transatlantic Economic Council 2012 12-03Grow VC Group
The document summarizes a presentation given by Jouko Ahvenainen on Transatlantic SME Finance at the White House Conference Center in Washington DC on December 3, 2012. The presentation discusses crowdfunding and the JOBS Act, which aims to encourage companies to raise capital through new exemptions and provisions. It also covers emerging solutions for different funding stages, the need for regulation, and conclusions about crowdfunding creating more effective funding markets.
Grow VC in Transatlantic Economic Council 2012 12-03Jouko Ahvenainen
The document summarizes a presentation given by Jouko Ahvenainen on Transatlantic SME Finance at the White House Conference Center in Washington DC on December 3, 2012. The presentation discusses crowdfunding and the JOBS Act, which aims to encourage companies to raise capital through new exemptions and provisions. It also covers emerging solutions for different funding stages, the need for regulation, and conclusions about crowdfunding creating more effective funding markets.
2011 and 2012 are two years of uneven recovery. What would the future hold for Project finance in MENA and EMEA remains largely an open question. Is there a war for capital? may be with caution. The presentation focuses on current PF market, explains the past and highlights some of the issues that will be encountered in the near future. Has the PPP model of long term loans secured by income stream from underlying assets been broken? The answer is a likely YES. Are there alternatives, the answer is a Definite YES.
1) Credit Suisse is presenting at its 2008 Annual Technology Conference and provides a safe harbor statement regarding forward-looking statements in the presentation.
2) Arrow Electronics touches all geographies, technologies, and end markets, connecting key players in unique and value-enhancing ways. It aims to grow faster than the market through operational excellence and financial stability.
3) Arrow is well positioned to weather an economic downturn due to changes made since the last tech sector downturn, including a stronger balance sheet with lower debt and higher liquidity than 10 years ago.
Private company secondary markets - November 2011Jason Jones
The document discusses private company secondary markets and how they provide liquidity solutions for shareholders of high-growth private companies. It notes that the time to exit for these companies via IPO has increased, leaving a gap that secondary markets have emerged to address. It provides an overview of how secondary transactions work, the various structures, characteristics of secondary investors, and how the legal framework around private company shares is developing to support these markets.
The document summarizes a public meeting held by Banco Indusval Multistock on August 19, 2010.
Banco Indusval Multistock is a mid-sized Brazilian bank with over 40 years of experience in the financial market, focusing on lending to mid-market companies. The bank has a loan portfolio of R$1.8 billion, total assets of R$3 billion, and equity of R$430 million.
The meeting covered the bank's loan portfolio performance, funding and liquidity, results, brokerage business, capital markets activities, and sustainability efforts. Key topics included the bank's growth strategy, credit trends in Brazil, quality of the loan portfolio, and sources of funding
High Rock Industries is considering various financing options to raise $6 million to purchase new industrial property. The options are: issuing straight debentures at 7% interest over 15 years, issuing new equity, or issuing preferred stock at $100 par value yielding 8%. An analysis of the options' impact on financial ratios and profitability shows preferred stock issuance leads to the highest returns and financial flexibility going forward while maintaining manageable risk levels. Therefore, preferred stock is recommended as the best financing option.
The document summarizes recent UK developments in energy efficiency financing. It outlines the Green Deal program which uses private financing to fund home energy efficiency upgrades that are paid back via utility bills. It also discusses the Green Investment Bank which provides funding to address market failures in areas like offshore wind, waste, and non-domestic energy efficiency. Finally, it notes growing interest from both public and private sectors in financing energy efficiency retrofits but also confusion in the market around energy service companies and energy performance contracts.
Why Own Safeguard?
- Full Value Yet to be Realized
- Ownership Stakes in Exciting Partner Companies
- Top Performance of Proven Team
- Financial Strength, Flexibility and Liquidity
- Strong Alignment of Interests
Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward looking statements which involve certain risks and uncertainties including, but not limited to, risks associated with the uncertainty of managing rapidly changing technologies, limited access to capital, competition, the ability to attract and retain qualified employees, our ability to execute our strategy, the uncertainty of the future performance of our partner companies, acquisitions and dispositions of additional partner companies, the inability to manage growth, government regulation and legal liabilities and the effect of economic conditions in the business sectors in which our partner companies operate, negative media coverage and other uncertainties as described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
Safeguard does not assume any obligation to update any forward looking statements or other information contained in this presentation.
The document discusses the concept of corporate wrap, which is a savings and investment platform provided by an employer to help employees save for various financial goals. Corporate wrap allows employees to save through pensions, Individual Savings Accounts (ISAs), share savings plans, and other products. It suggests that corporate wrap provides accessibility, alternative tax incentives, and helps with goals like buying a home, saving for children's education, and retirement savings. The document also examines how advisers could help employers implement and promote corporate wrap programs to employees.
The document discusses direct-to-consumer (D2C) distribution in the financial services industry. It notes that consumers are becoming more empowered and are demanding more control over their financial decisions. Successful D2C models will focus on the user, operate at scale to keep costs low, utilize modern technology and data to provide a seamless user experience, and gain traffic through network effects. Social and crowdsourced features may also be important to build trust and showcase what similar customers are doing.
The document discusses driving value in default retirement funds. It notes that financial services are trusted less than used car salesmen due to a lack of transparency. It analyzes survey data on what consumers want versus what they actually receive in terms of asset allocation and risk levels. The document also examines who drives asset allocation decisions and finds that investment consultants often have the most influence. It argues that lower costs do not necessarily equal better value and that more transparency is needed to compare retirement funds.
Total Reward What Place For Pensions Napf 2010NigelMAston
Millions of people face a bewildering choice of pension options where price is often the main differentiator and regulation provides little insight into consumer needs. The pensions industry resembles one where intense competition leads providers to focus on price rather than the consumer. However, collecting detailed customer data, as Tesco did through its ClubCard program, could help pensions providers better understand consumers and their changing needs over their lifetimes.
In God We Trust All Others Bring Data 100702NigelMAston
This is a presentation delivered to the Investment Network on Measuring the Effectiveness of DC Pensions. The premise is that you can\'t begin to judge the efficacy of plans without understanding and comparing actual individual member outcomes.