The document discusses strategies for ETF and mutual fund providers to target sales to registered investment advisors (RIAs). It finds that RIAs now sell more funds than major wirehouses. However, RIAs are more numerous and diverse than wirehouses, making them harder to reach with traditional strategies. The document recommends segmenting the RIA market by assets under management. It finds that RIAs managing $100 million to $1 billion in assets are the best target, as they have the largest assets and use funds for over 50% of assets. Finally, it suggests providers develop plans to provide RIAs access to funds, analyze RIA preferences, and align sales resources to the RIA channel.
Citi prime services report on liquid alternativesBrian Shapiro
Institutional investors' views of hedge funds have evolved from seeing them as satellite holdings to core portfolio components used to dampen volatility and provide "insurance." More investors now allocate to hedge funds to manage risks in their equity and bond holdings. Demand for liquid alternatives is growing significantly from both retail and some institutional investors, driven by regulations and changing wealth manager dynamics. Products are expected to trade in parallel with private funds, allowing managers to offer more liquid strategies while still utilizing their full investment talent. This is expanding the concept of active management across traditional and alternative managers.
IFN Takaful M&A Challenges - 13 August 2014Mujtaba Khalid
The document discusses mergers and acquisitions (M&As) in the Takaful (Islamic insurance) industry. It outlines that while M&A activity can help Takaful companies learn from conventional insurers, international Takaful M&As face several challenges, including regulatory uncertainty across jurisdictions, lack of standardized Shariah and risk management controls, and complex deal structures that take longer due to Shariah compliance needs. Capital requirements and alternative uses of capital by conventional insurers have also reduced appetite for cross-border M&A deals in Takaful. However, international insurers may eventually turn to high-growth Takaful markets to achieve higher returns than in saturated markets.
The document provides financial updates for several transportation companies:
- Abertis acquired Elizabeth River Crossings concession in Virginia for €1bn, expanding into the US market.
- AerCap reported a Q3 net loss of $850m due to impairments but had strong liquidity of $11bn.
- Aeroflot Group carried 50% fewer passengers in 10M2020 due to pandemic. October traffic fell 47% year-over-year.
- Air Canada reported a Q3 net loss of $685m as revenue fell due to the pandemic, though cash burn was better than expected.
This article recaps the formidable changes that have shaped the FIA market since its humble beginnings in the mid-1990s and offers a perspective on ten emerging developments to watch in 2014 and beyond.
DealMarket DIGEST Issue 117 // 15 November 2013CAR FOR YOU
The weekly Dealmarket Digest provides summaries of notable private equity news items from the past week. The document summarized includes articles on:
1) Cautious optimism for increased M&A dealmaking in the Middle East and North Africa region in 2013 compared to 2012, though activity remains well below 2011 levels.
2) Growth in assets of sovereign wealth funds, totaling over $750 billion since 2012, which may boost future private equity investments as these funds mature.
3) Increased private equity investment in the fashion industry, with several firms bidding on Versace, and the total value of retail apparel deals rising ten-fold in one year.
4) Large endowments like Yale monitoring private equity
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
The document discusses fraudulent conveyance and solvency opinions. It provides:
1) An overview of fraudulent conveyance laws and how solvency opinions are used to evaluate transactions that could potentially leave a company with inadequate capital or unable to pay its debts.
2) A summary of the four tests used in solvency opinions - whether a transaction leaves a company balance sheet solvent, cash flow sufficient to pay debts, with adequate capital, and with surplus assets over liabilities and capital.
3) An example of how Mercer Capital provides solvency opinions to evaluate potential fraudulent conveyance issues for transactions like leveraged buyouts and dividend recapitalizations.
Venture Capital Investments Q4 06 - MoneyTree mensa25
Venture capital investing in the US hit $25.5 billion in 2006, a 10% increase in deal volume and 12% increase in dollar value from 2005. Life sciences saw the most growth, with biotech and medical devices reaching record high levels. Expansion stage companies and first-time financings also increased significantly. Software and industrial/energy sectors also experienced growth, while networking/equipment, computers, and financial services declined.
Prologis Presentation - Citi 2016 Global Property CEO ConferenceMary Taylor
Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, presented at the Citi 2016 Global Property CEO Conference on March 15. CEO Hamid R. Moghadam gave a company overview, including discussion of market conditions and the company's future outlook. He was joined by Thomas Olinger, chief financial officer, and Michael Curless, chief investment officer. http://ir.prologis.com/
Citi prime services report on liquid alternativesBrian Shapiro
Institutional investors' views of hedge funds have evolved from seeing them as satellite holdings to core portfolio components used to dampen volatility and provide "insurance." More investors now allocate to hedge funds to manage risks in their equity and bond holdings. Demand for liquid alternatives is growing significantly from both retail and some institutional investors, driven by regulations and changing wealth manager dynamics. Products are expected to trade in parallel with private funds, allowing managers to offer more liquid strategies while still utilizing their full investment talent. This is expanding the concept of active management across traditional and alternative managers.
IFN Takaful M&A Challenges - 13 August 2014Mujtaba Khalid
The document discusses mergers and acquisitions (M&As) in the Takaful (Islamic insurance) industry. It outlines that while M&A activity can help Takaful companies learn from conventional insurers, international Takaful M&As face several challenges, including regulatory uncertainty across jurisdictions, lack of standardized Shariah and risk management controls, and complex deal structures that take longer due to Shariah compliance needs. Capital requirements and alternative uses of capital by conventional insurers have also reduced appetite for cross-border M&A deals in Takaful. However, international insurers may eventually turn to high-growth Takaful markets to achieve higher returns than in saturated markets.
The document provides financial updates for several transportation companies:
- Abertis acquired Elizabeth River Crossings concession in Virginia for €1bn, expanding into the US market.
- AerCap reported a Q3 net loss of $850m due to impairments but had strong liquidity of $11bn.
- Aeroflot Group carried 50% fewer passengers in 10M2020 due to pandemic. October traffic fell 47% year-over-year.
- Air Canada reported a Q3 net loss of $685m as revenue fell due to the pandemic, though cash burn was better than expected.
This article recaps the formidable changes that have shaped the FIA market since its humble beginnings in the mid-1990s and offers a perspective on ten emerging developments to watch in 2014 and beyond.
DealMarket DIGEST Issue 117 // 15 November 2013CAR FOR YOU
The weekly Dealmarket Digest provides summaries of notable private equity news items from the past week. The document summarized includes articles on:
1) Cautious optimism for increased M&A dealmaking in the Middle East and North Africa region in 2013 compared to 2012, though activity remains well below 2011 levels.
2) Growth in assets of sovereign wealth funds, totaling over $750 billion since 2012, which may boost future private equity investments as these funds mature.
3) Increased private equity investment in the fashion industry, with several firms bidding on Versace, and the total value of retail apparel deals rising ten-fold in one year.
4) Large endowments like Yale monitoring private equity
Mercer Capital's Portfolio Valuation: Private Equity and Venture Capital Mark...Mercer Capital
The document discusses fraudulent conveyance and solvency opinions. It provides:
1) An overview of fraudulent conveyance laws and how solvency opinions are used to evaluate transactions that could potentially leave a company with inadequate capital or unable to pay its debts.
2) A summary of the four tests used in solvency opinions - whether a transaction leaves a company balance sheet solvent, cash flow sufficient to pay debts, with adequate capital, and with surplus assets over liabilities and capital.
3) An example of how Mercer Capital provides solvency opinions to evaluate potential fraudulent conveyance issues for transactions like leveraged buyouts and dividend recapitalizations.
Venture Capital Investments Q4 06 - MoneyTree mensa25
Venture capital investing in the US hit $25.5 billion in 2006, a 10% increase in deal volume and 12% increase in dollar value from 2005. Life sciences saw the most growth, with biotech and medical devices reaching record high levels. Expansion stage companies and first-time financings also increased significantly. Software and industrial/energy sectors also experienced growth, while networking/equipment, computers, and financial services declined.
Prologis Presentation - Citi 2016 Global Property CEO ConferenceMary Taylor
Prologis, Inc. (NYSE: PLD), the global leader in industrial real estate, presented at the Citi 2016 Global Property CEO Conference on March 15. CEO Hamid R. Moghadam gave a company overview, including discussion of market conditions and the company's future outlook. He was joined by Thomas Olinger, chief financial officer, and Michael Curless, chief investment officer. http://ir.prologis.com/
Three former hedge fund managers are launching new funds focused on energy and global macro strategies. Till Bechtolsheimer and Abe Joseph are starting Arosa Capital with $200 million to run long/short energy funds. David North is launching his David North Asset Management firm with a $200 million global macro and rates fund in December. Oren Cohen is waiting for better conditions before relaunching his high-yield bond strategy through a new vehicle.
This corporate presentation from Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX) provides the following key information:
- BLADEX operates as a trade finance bank providing integrated financial solutions across Latin America's foreign trade value chain and supporting regional economic integration.
- Over its 40+ year history, BLADEX has accumulated around $277 billion in credit disbursements to support growth and prosperity in Latin America.
- As of March 31, 2019, BLADEX's commercial portfolio totaled $3.95 billion, with diversification across countries, industries, and clients in Latin America.
- BLADEX maintains a stable funding base, with
Raising Private Equity Capital for Expansion, Insurance and Business Mergers/...Cannabis Legal Group
Raising Private Equity Capital for Expansion, Insurance and Business Mergers/Acquisitions by Erik Allison, Managing Partner at Skytree Capital Partners
Distribution Accessibilty Issues for third party deposits July 2014 final (2)Scott Wilkinson
This document discusses issues around small bank access to third-party deposit distribution channels in Canada. It notes that deposits distributed through dealer channels, totaling over $220 billion, represent an important source of liquidity for both small and large banks. However, some large banks are exerting influence over dealers to favor their own deposit products, potentially restricting the market. This could jeopardize an important liquidity channel for small banks. The document calls for maintaining an open and vibrant third-party deposit market to provide choice for investors, enable small bank funding, and ensure an important liquidity pool is available during crises.
Wilshire Liquid Alternatives Industry Monitor for Q3 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
State Of European FinTech: Current Trends & Prediction 2017Innovate Finance
A report by Magister Advisors and Innovate Finance shows that capital invested into $20 million + rounds have increased at a compound annual growth rate of 75% since 2013.
Mercer Capital's Value Focus: Auto Dealer Industry | Mid-Year 2021Mercer Capital
The document discusses options for auto dealerships to allocate excess capital, including reinvesting in the business through M&A or organic growth, or returning capital to shareholders through dividends or share repurchases. It notes that some public auto dealers have focused on share repurchases recently. For private dealers, reinvesting options like adding new locations may be limited, so returning capital to owners could be preferable if attractive growth prospects are absent. The document analyzes growth strategies and capital allocation considerations for both public and private auto dealerships amid high current profitability and liquidity levels.
DealMarket DIGEST Issue 163 //21 November 2014CAR FOR YOU
The document summarizes several news items from the private equity industry:
1) A study found that several venture capital funds outperformed during the 2008 financial crisis, including Union Square Ventures, Avalon Ventures VIII, and Emergence Capital Partners II.
2) Many European entrepreneurs are founding startups in Southeast Asia for business opportunities and financial success, not just for better weather. Payments services are seen as attractive for expansion to other emerging markets.
3) Global M&A volume hit a seven-year high in 2014, with healthcare deals reaching a record level. Private equity accounted for over 20% of deal volume.
This document summarizes the state of mergers and acquisitions (M&A) activity in Paraguay in 2012 and expected trends for 2013. It notes that Paraguay has avoided significant impacts from the global financial crisis, allowing investment including M&A to continue steadily. In 2012, major M&A deals occurred in pharmaceuticals, banking, and agribusiness sectors. Looking ahead, the document expects continued M&A activity driven by growth in key sectors such as agribusiness and real estate. Industries like agribusiness, finance, and infrastructure are poised to see ongoing consolidation. International investors remain interested in Paraguay, particularly from South America and Europe. Overall the M&A environment remains positive, supported
- Dubai Islamic Bank (DIB) is the largest Islamic bank in the UAE and among the top 4 banks in the country, with over 600,000 retail customers and a network of 49 branches.
- DIB has experienced strong growth in profits, assets, deposits, and financing in recent years while maintaining sound financial metrics such as returns on equity and assets that are competitive with major banks globally.
- DIB trades actively on the Dubai Financial Market and has a large market capitalization, paying steady dividends to shareholders.
This document discusses intellectual property protection and its importance for Chinese companies seeking venture capital or access to US capital markets. It notes that IP protection is a key consideration for US investors and that Chinese companies are held to a higher standard. The document outlines various methods that companies can use to protect their intellectual property, including legal protections, organizational security measures, and financial structures. It emphasizes that strong IP protection is necessary to create long-term sustainable corporate value.
DealMarket DIGEST Issue 107 // 06 September 2013CAR FOR YOU
1) Despite some large headline deals, M&A and exit activity in Europe remains below previous years according to data from Unquote and Zephyr. Private equity deal activity has remained strong however and is creating a record year for investment banking fees.
2) Crowdfunding is growing in usage and specialization, with new platforms emerging focused on specific industries like medical devices. It is also growing internationally, with new platforms launching in China.
3) Turkey has seen strong M&A activity so far in 2013 despite political unrest over the summer, with deal value up 15% from the previous year.
4) Venture capital activity in Europe has stronger momentum than in the US according to analysts at Go
This investor presentation provides an overview of Intact Financial Corporation (IFC), Canada's largest property and casualty insurer. Some key points:
1) IFC has consistently outperformed the industry on measures like return on equity, combined ratio, and premium growth over the past 10 years.
2) IFC aims to continue beating industry ROE by 500 bps annually and growing net operating income per share by 10% per year through initiatives like pricing segmentation, claims management, and acquisitions.
3) IFC has a strong capital position with $904 million in excess capital and a 215% Minimum Capital Test ratio as of Q1 2016. Management plans to continue increasing dividends and share buybacks
The document discusses trends in the global trade finance market. It notes that earnings power is shifting to Asia and the middle market segment. Two key trends are highlighted: 1) Asia is becoming the global hub for trade finance, driven by strong growth in intra-Asian trade and exports to the US and Europe. Over the next few years, Asia's importance is expected to further increase and a new Asian revenue pool of over $2.5 billion is projected to emerge. 2) Globalization has reached the European middle market. While consolidation in the industry is expected, credit capacity has now become critical for business success, allowing mid-tier competitors to compete.
The paper opens with an overview of the
commodity trading advisor (CTA) sector, highlighting the
significant growth that has taken place in the managed
futures industry in recent years and explaining how
the managed futures strategies that CTAs employ
work in practice. The breadth of sub-strategies under
the managed futures umbrella are then examined.
The third part of the paper examines the benefits and
perceived risks to investors of allocating to managed
futures strategies and also addresses various common
misunderstandings about CTAs.
The paper concludes by exploring the common ways
as to how investors can access the various investment
strategies that are available
Cloud insights m&a and capital markets reportMMMTechLaw
This document provides an overview and analysis of mergers and acquisitions (M&A), public equity offerings, and venture capital activity in the cloud computing industry for Q3 2011. Some key points:
- SaaS M&A activity increased significantly in Q3 2011 compared to Q3 2010, with 53 transactions announced totaling $2.4 billion.
- SaaS stocks underperformed the broader market in 2011.
- Two SaaS companies completed public offerings in Q3 2011, raising over $280 million combined.
- SaaS venture funding remained healthy in Q3 2011, with $603 million invested across 54 deals.
- Notable M&A transactions included
The document discusses how the ETF market is expected to evolve between now and 2020. Key points include:
- ETFs are expected to continue growing rapidly in size and importance globally as their footprint expands beyond the US into new markets and segments.
- More types of investors are expected to adopt ETFs, including institutions, advisors, and individual investors. New ETF products targeting different strategies will also proliferate.
- Service providers that help launch and distribute ETFs are likely to play a larger role as competition increases and fee pressures mount.
- Regulatory changes could further encourage growth, though some challenges like distribution issues may slow expansion in some regions.
- To compete successfully
Frontier markets typically have smaller, less developed economies than emerging markets. They offer potential for long-term growth and diversification but also greater risks. This document discusses the characteristics of frontier market countries and companies, highlighting opportunities for higher returns due to lower correlations with global markets but also greater volatility. It finds that incorporating frontier markets into a diversified portfolio can improve the risk-return profile through higher risk-adjusted returns.
DealMarket Digest Issue128 - 14th February 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 128 - February 14th, 2014:
• New Source for Private Equity Performance Data and Analysis
• Large Buyout to Grow French Car Park Specialist
• New Mega-Funds May Have Trouble Finding Mega Targets
• Global M&A Stats Show Private Equity is Finding the Exit
• Cleantech Investment Declines Again in 2013
• Quote of the Week: Bitcoin Anomaly
Using Market Insights and Sales Data to Optimize Your Distribution StrategyBroadridge
This document discusses using market insights and sales data to optimize product distribution strategies. It provides an overview of trends in the industry, components of a data-driven solution framework, and two case studies analyzing distribution channel trends for different product types. The case studies find that emerging channels like RIAs and banks are outpacing traditional channels in ETF usage and assets. Independent advisors represent the fastest growing segment for liquid alternative products like long/short equity and market neutral funds.
This document provides an overview and outlook for TD Ameritrade Holding Corporation. It discusses 6 investment themes: 1) their unique business model, 2) market leadership in trading, 3) being a premier asset gatherer, 4) their relationship with TD Bank, 5) being well-positioned for rising interest rates, and 6) being good stewards of shareholder capital. The document also provides highlights and forecasts for key financial metrics for fiscal year 2013, with an earnings per share outlook range of $1.00-$1.20.
Three former hedge fund managers are launching new funds focused on energy and global macro strategies. Till Bechtolsheimer and Abe Joseph are starting Arosa Capital with $200 million to run long/short energy funds. David North is launching his David North Asset Management firm with a $200 million global macro and rates fund in December. Oren Cohen is waiting for better conditions before relaunching his high-yield bond strategy through a new vehicle.
This corporate presentation from Banco Latinoamericano de Comercio Exterior, S.A. (BLADEX) provides the following key information:
- BLADEX operates as a trade finance bank providing integrated financial solutions across Latin America's foreign trade value chain and supporting regional economic integration.
- Over its 40+ year history, BLADEX has accumulated around $277 billion in credit disbursements to support growth and prosperity in Latin America.
- As of March 31, 2019, BLADEX's commercial portfolio totaled $3.95 billion, with diversification across countries, industries, and clients in Latin America.
- BLADEX maintains a stable funding base, with
Raising Private Equity Capital for Expansion, Insurance and Business Mergers/...Cannabis Legal Group
Raising Private Equity Capital for Expansion, Insurance and Business Mergers/Acquisitions by Erik Allison, Managing Partner at Skytree Capital Partners
Distribution Accessibilty Issues for third party deposits July 2014 final (2)Scott Wilkinson
This document discusses issues around small bank access to third-party deposit distribution channels in Canada. It notes that deposits distributed through dealer channels, totaling over $220 billion, represent an important source of liquidity for both small and large banks. However, some large banks are exerting influence over dealers to favor their own deposit products, potentially restricting the market. This could jeopardize an important liquidity channel for small banks. The document calls for maintaining an open and vibrant third-party deposit market to provide choice for investors, enable small bank funding, and ensure an important liquidity pool is available during crises.
Wilshire Liquid Alternatives Industry Monitor for Q3 2018Wilshire
The quarterly Wilshire Liquid Alternatives Industry Monitor provides highlights and insights into the trends and capital flows of the liquid alternatives space.
Mercer Capital's Value Focus: FinTech Industry | Third Quarter 2021 Mercer Capital
Mercer Capital’s quarterly newsletter, FinTech Watch, provides an overview of the FinTech industry, including public market performance, valuation multiples for public FinTech companies, and articles of interest from around the web. This newsletter focuses on FinTech segments, including payment processors, technology, and solutions companies, examining general economic and industry trends as well as a summary of M&A and venture capital activity.
State Of European FinTech: Current Trends & Prediction 2017Innovate Finance
A report by Magister Advisors and Innovate Finance shows that capital invested into $20 million + rounds have increased at a compound annual growth rate of 75% since 2013.
Mercer Capital's Value Focus: Auto Dealer Industry | Mid-Year 2021Mercer Capital
The document discusses options for auto dealerships to allocate excess capital, including reinvesting in the business through M&A or organic growth, or returning capital to shareholders through dividends or share repurchases. It notes that some public auto dealers have focused on share repurchases recently. For private dealers, reinvesting options like adding new locations may be limited, so returning capital to owners could be preferable if attractive growth prospects are absent. The document analyzes growth strategies and capital allocation considerations for both public and private auto dealerships amid high current profitability and liquidity levels.
DealMarket DIGEST Issue 163 //21 November 2014CAR FOR YOU
The document summarizes several news items from the private equity industry:
1) A study found that several venture capital funds outperformed during the 2008 financial crisis, including Union Square Ventures, Avalon Ventures VIII, and Emergence Capital Partners II.
2) Many European entrepreneurs are founding startups in Southeast Asia for business opportunities and financial success, not just for better weather. Payments services are seen as attractive for expansion to other emerging markets.
3) Global M&A volume hit a seven-year high in 2014, with healthcare deals reaching a record level. Private equity accounted for over 20% of deal volume.
This document summarizes the state of mergers and acquisitions (M&A) activity in Paraguay in 2012 and expected trends for 2013. It notes that Paraguay has avoided significant impacts from the global financial crisis, allowing investment including M&A to continue steadily. In 2012, major M&A deals occurred in pharmaceuticals, banking, and agribusiness sectors. Looking ahead, the document expects continued M&A activity driven by growth in key sectors such as agribusiness and real estate. Industries like agribusiness, finance, and infrastructure are poised to see ongoing consolidation. International investors remain interested in Paraguay, particularly from South America and Europe. Overall the M&A environment remains positive, supported
- Dubai Islamic Bank (DIB) is the largest Islamic bank in the UAE and among the top 4 banks in the country, with over 600,000 retail customers and a network of 49 branches.
- DIB has experienced strong growth in profits, assets, deposits, and financing in recent years while maintaining sound financial metrics such as returns on equity and assets that are competitive with major banks globally.
- DIB trades actively on the Dubai Financial Market and has a large market capitalization, paying steady dividends to shareholders.
This document discusses intellectual property protection and its importance for Chinese companies seeking venture capital or access to US capital markets. It notes that IP protection is a key consideration for US investors and that Chinese companies are held to a higher standard. The document outlines various methods that companies can use to protect their intellectual property, including legal protections, organizational security measures, and financial structures. It emphasizes that strong IP protection is necessary to create long-term sustainable corporate value.
DealMarket DIGEST Issue 107 // 06 September 2013CAR FOR YOU
1) Despite some large headline deals, M&A and exit activity in Europe remains below previous years according to data from Unquote and Zephyr. Private equity deal activity has remained strong however and is creating a record year for investment banking fees.
2) Crowdfunding is growing in usage and specialization, with new platforms emerging focused on specific industries like medical devices. It is also growing internationally, with new platforms launching in China.
3) Turkey has seen strong M&A activity so far in 2013 despite political unrest over the summer, with deal value up 15% from the previous year.
4) Venture capital activity in Europe has stronger momentum than in the US according to analysts at Go
This investor presentation provides an overview of Intact Financial Corporation (IFC), Canada's largest property and casualty insurer. Some key points:
1) IFC has consistently outperformed the industry on measures like return on equity, combined ratio, and premium growth over the past 10 years.
2) IFC aims to continue beating industry ROE by 500 bps annually and growing net operating income per share by 10% per year through initiatives like pricing segmentation, claims management, and acquisitions.
3) IFC has a strong capital position with $904 million in excess capital and a 215% Minimum Capital Test ratio as of Q1 2016. Management plans to continue increasing dividends and share buybacks
The document discusses trends in the global trade finance market. It notes that earnings power is shifting to Asia and the middle market segment. Two key trends are highlighted: 1) Asia is becoming the global hub for trade finance, driven by strong growth in intra-Asian trade and exports to the US and Europe. Over the next few years, Asia's importance is expected to further increase and a new Asian revenue pool of over $2.5 billion is projected to emerge. 2) Globalization has reached the European middle market. While consolidation in the industry is expected, credit capacity has now become critical for business success, allowing mid-tier competitors to compete.
The paper opens with an overview of the
commodity trading advisor (CTA) sector, highlighting the
significant growth that has taken place in the managed
futures industry in recent years and explaining how
the managed futures strategies that CTAs employ
work in practice. The breadth of sub-strategies under
the managed futures umbrella are then examined.
The third part of the paper examines the benefits and
perceived risks to investors of allocating to managed
futures strategies and also addresses various common
misunderstandings about CTAs.
The paper concludes by exploring the common ways
as to how investors can access the various investment
strategies that are available
Cloud insights m&a and capital markets reportMMMTechLaw
This document provides an overview and analysis of mergers and acquisitions (M&A), public equity offerings, and venture capital activity in the cloud computing industry for Q3 2011. Some key points:
- SaaS M&A activity increased significantly in Q3 2011 compared to Q3 2010, with 53 transactions announced totaling $2.4 billion.
- SaaS stocks underperformed the broader market in 2011.
- Two SaaS companies completed public offerings in Q3 2011, raising over $280 million combined.
- SaaS venture funding remained healthy in Q3 2011, with $603 million invested across 54 deals.
- Notable M&A transactions included
The document discusses how the ETF market is expected to evolve between now and 2020. Key points include:
- ETFs are expected to continue growing rapidly in size and importance globally as their footprint expands beyond the US into new markets and segments.
- More types of investors are expected to adopt ETFs, including institutions, advisors, and individual investors. New ETF products targeting different strategies will also proliferate.
- Service providers that help launch and distribute ETFs are likely to play a larger role as competition increases and fee pressures mount.
- Regulatory changes could further encourage growth, though some challenges like distribution issues may slow expansion in some regions.
- To compete successfully
Frontier markets typically have smaller, less developed economies than emerging markets. They offer potential for long-term growth and diversification but also greater risks. This document discusses the characteristics of frontier market countries and companies, highlighting opportunities for higher returns due to lower correlations with global markets but also greater volatility. It finds that incorporating frontier markets into a diversified portfolio can improve the risk-return profile through higher risk-adjusted returns.
DealMarket Digest Issue128 - 14th February 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 128 - February 14th, 2014:
• New Source for Private Equity Performance Data and Analysis
• Large Buyout to Grow French Car Park Specialist
• New Mega-Funds May Have Trouble Finding Mega Targets
• Global M&A Stats Show Private Equity is Finding the Exit
• Cleantech Investment Declines Again in 2013
• Quote of the Week: Bitcoin Anomaly
Using Market Insights and Sales Data to Optimize Your Distribution StrategyBroadridge
This document discusses using market insights and sales data to optimize product distribution strategies. It provides an overview of trends in the industry, components of a data-driven solution framework, and two case studies analyzing distribution channel trends for different product types. The case studies find that emerging channels like RIAs and banks are outpacing traditional channels in ETF usage and assets. Independent advisors represent the fastest growing segment for liquid alternative products like long/short equity and market neutral funds.
This document provides an overview and outlook for TD Ameritrade Holding Corporation. It discusses 6 investment themes: 1) their unique business model, 2) market leadership in trading, 3) being a premier asset gatherer, 4) their relationship with TD Bank, 5) being well-positioned for rising interest rates, and 6) being good stewards of shareholder capital. The document also provides highlights and forecasts for key financial metrics for fiscal year 2013, with an earnings per share outlook range of $1.00-$1.20.
Understanding RIA Channel Dynamics by LINK Portfolio AlternativesDarren Whissen
For alternative investment sponsors. A study on how RIAs view alternative investments, the market potential they represent, and best practices on developing an RIA-focused capital markets channel.
This document provides information about TD Ameritrade for its 2013 annual meeting of stockholders. It summarizes TD Ameritrade's performance in fiscal year 2012, including record net new assets and market fee-based revenue. It also outlines TD Ameritrade's strategy and priorities for 2013, which include maintaining organic growth, growing its fee-based revenue stream, and remaining disciplined on expenses while investing in the future. Key metrics from TD Ameritrade's first quarter of fiscal year 2013 are also provided, showing continued growth in key areas.
This document summarizes the key findings of Credit Suisse's 2013 survey of hedge fund investors. Some of the main points include:
- The survey included nearly 550 institutional investors representing over $1 trillion in assets. Most were family offices, pensions, or funds of funds.
- On average, investors expect hedge fund industry assets to grow 10% to $2.42 trillion in 2013, with long/short equity seen as the top-performing strategy.
- Major risks cited were crowded trades and potential regulatory changes. Most investors were still open to startups but wanted fee discounts.
- Pension funds particularly sought diversification from equity markets and high risk-adjusted returns from hedge funds. They took 4
US-EU Meeting Alternative Finance PresentationGrow VC Group
Summary about alternative finance market in the US and EU, including API economy model, new finance instruments and cooperation of new and old finance models.
The communications tool that is the centerpiece of corporate performance, accomplishments, objectives and mission. The one vehicle where you can articulate all that, and do so strategically and effectively.
DealMarket Digest Issue137 - 17 April 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 137 - April 17th, 2014:
- Cravings for Direct Co-Investment Still Strong
- Narrow Niches and Big Returns
- Australian PE Backed IPOs Outperform
- The Traits of Family Wealth Managers That Make Money…. and Lose it
- CEOs Get M&A Fever Again
- Quote of the Week: Betting on Justice
The document forecasts that M&A activity will be robust in 2013 as companies look to consolidate and fill product/service gaps. It notes that deals under $100M increased in Q1 2013 for B2B software, IT, and BPO services. Strategic acquirers are seeking complementary assets while distressed companies lack capital. There is also a shortage of financial acquirers for companies with EBITDA under $10M. The forecast predicts continued strategic acquisitions and private equity exits in 2013.
DealMarket Digest Issue 131 - 7 March 2014Urs Haeusler
SEE WHATS NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 131 - March 7th, 2014:
- How New European Rules Affect Private Equity Teams
- PE outlook for Europe
- EY’s Top 10 VC Dealmakers Worldwide
- Global Telecom M&A Hits 13 Year High
- PE Drives Robust Returns for Ontario Pension Fund
- Quote of the Week: Venture Capital? Make Way for Geek Guilds
1) The 4th quarter of 2016 saw a significant market rotation out of secular growth stocks typically held in the Focused Growth portfolio following Donald Trump's election victory. This hurt the portfolio's absolute and relative performance in Q4.
2) For the full year 2016, the portfolio benefited from strong stock selection and an overweight in technology, including three technology company buyouts. However, a large position in The Advisory Board hurt performance.
3) Going forward, the portfolio is positioned with overweight positions in companies expected to benefit from secular growth trends, while also having reduced exposure to areas that face greater uncertainty like healthcare and mortgage lending.
DealMarket DIGEST Issue 124 // 17 January 2014CAR FOR YOU
The weekly private equity digest provides:
1) An overview of notable private equity news items from the past week, including a US fashion retailer seeking buyout bids and strong private equity dealmaking in India.
2) Insights into trends in the deal environment, such as unclear prospects for M&A in 2014 and accelerated venture capital growth in Europe last year.
3) A featured quote from a VC predicting disruption of the financial services industry from technology competitors.
The document discusses how crowdsourced investing works, where individual stock pickers compete to create portfolios and the top performers' stock selections are used to construct investment funds, with the top performers compensated based on fund performance and fees. It outlines plans to launch similar crowdsourced funds targeting the US and European markets based on the success of an existing Indian platform. The business model aims to have billions under management by charging management and performance fees on the crowdsourced funds.
Religare Presentation - Research Methodology & Marketing StrategyKalpesh Pawar
This presentation is on Religare Enterprises Limited(REL). This presentation has been done in the perspective of research methodology and marketing strategy. You will find detailed information on Religare business strategies and its growth potential in the Indian financial, capital, insurance, asset and wealth management sector.
DealMarket Digest Issue86 - 8th March 2013Urs Haeusler
SEE WHAT’S NEW AND NOTEWORTHY IN PRIVATE EQUITY THIS WEEK /// ISSUE 86 - 8th March 2013:
- Mutual Attraction: Family Offices and PE Fundraisers
- Survey Finds Investor Appetite for Big Buyout Funds
- PE Investors Eye Ista for $3.9 bn
- Doubts Linger About IPO as Exit in Europe
- Investments on the Rise in Latin America
- Quote of the Week: Sales Booster
The UK investment management industry is at a turning point. Traditional active managers have already had to adapt to changes in the institutional market, but now they face a confluence of trends – from regulation to pension auto-enrolment to the growth of passive investing – that could radically reshape the retail side of their industry as well.
Seismic shifts in investment management - Deloitte report June 2014Andrew Power
The document discusses seismic shifts occurring in the investment management industry, including increased importance of retail investors due to the shift from defined benefit to defined contribution pension plans, new intermediation models concentrating fund flows, and internationalization of both products and client bases. Asset managers are responding by focusing on distribution partnerships, developing global or local products, adjusting pricing models, and cutting costs, but face significant challenges from these changes.
Capital Markets Survey: Growth Capital EditionKenneth Cowan
The survey summarizes the responses from 27 leading growth capital providers representing over $50B in invested capital. Key insights include an increased supply of deployable capital compared to 2013 and rising deal multiples/leverage due to high demand. Most management teams need improvement in strategic planning, accounting/finance, and sales/marketing. Respondents were neutral on the economy but saw increased regulation as the biggest threat to middle-market businesses. Proper planning and preparation were emphasized as critical for a successful transaction.
Quarterly Review of the IT Services & Business Services Sector - Q1 2016Mark Weisman
The document provides a quarterly review of mergers and acquisitions (M&A) activity in the IT services and business services sector for Q1 2016. Some key points from the summary:
- Global M&A deal volume and value increased slightly in Q1 2016 compared to Q4 2015. The US saw an 18% increase in deal volume and 94% increase in deal value.
- The largest deals were Markit's acquisition of IHS for $10.3 billion and Total System Services' acquisition of TransFirst Holdings for $3.4 billion.
- Strategic buyers dominated M&A activity, accounting for 92% of deals. The majority (17%) of deals had disclosed values
Similar to The RIA Channel: A Roadmap for Driving Growth (20)
Advisor-Driven Retirement Market: Profiling The Top Retirement AdvisorsBroadridge
This document summarizes key details about the advisor-driven retirement market:
1) Advisors are driving significant growth in the retirement plan market, with $2.8 trillion in assets that are advisor-driven, representing 55% of the total $5.1 trillion defined contribution market.
2) There is a large data challenge in profiling and influencing the over 85,000 advisors and 500,000 representatives selling retirement plans due to the complex distribution model and lack of transparency.
3) The top retirement platforms are Fidelity, Prudential, and Charles Schwab for mutual fund platforms, and ING, Great West, and Principal for insurance platforms, together representing over $2.6 trillion in
Broadridge Analysis of Traditional and Notice & Access Issuers: N&A Adoption,...Broadridge
This document analyzes issuer adoption of notice and access distribution methods for shareholder proxies over five fiscal years, the distribution of proxy materials, and retail voting rates. It finds that notice and access adoption by issuers has increased significantly over this period, growing from 9% of issuers in 2008 to 31% in 2013. Notice and access issuers distributed more proxy materials electronically and saw higher retail voting rates compared to issuers not using notice and access. The estimated annual savings to issuers from notice and access was also substantial, reaching $297 million in 2013.
Leveraging Data and Analytics to Drive Your DCIO BusinessBroadridge
This document summarizes a presentation about leveraging data and analytics to drive business in the defined contribution and defined contribution investment only (DCIO) markets. It discusses the complexity of product distribution in these markets and challenges with lack of data transparency and standards. It analyzes data on retirement plan advisors and platforms to provide insights into the "advisor driven" DC market. The conclusions recommend strategies for using data to identify best prospect advisors and plans, gain insights through linking varied data sources, and support territory management and competitive analysis to drive business growth.
Big Data in the Fund Industry: From Descriptive to Prescriptive Data AnalyticsBroadridge
NICSA’s Technology Committee, including Dan Cwenar, President, Access Data, Broadridge, offer perspectives on the “state of play” of Big Data in the fund industry:
The history of “ Big Data”
The definition of Big Data in the context of industry applications.
The movement from descriptive towards prescriptive analytics in driving decisions
Common misconceptions about the use of predictive analytics.
FATCA Compliance: Riding a Roller Coaster of Regulatory ChangeBroadridge
FATCA will impose new due diligence, withholding, and reporting requirements on financial institutions. This paper outlines the significant regulatory change FATCA brings to provide the IRS with an increased ability to detect U.S. tax evaders—specifically, those among U.S. “persons” (individuals or entities) who maintain foreign accounts and investments either directly or indirectly, through their ownership in foreign entities.
A guide to help advisors understand the proposed Department of Labor changes to the fiduciary definition regulations.
The DOL’s proposed changes to the fiduciary definition regulations are causing financial advisors to re-examine their business models and to determine whether they may be a fiduciary to the plan and participants under the proposed regulations. These proposed changes will not only impact qualified retirement plans, but non-qualified plans too, such as IRAs. There could be major implications for how advisors will work with IRAs if these changes are implemented. This Practice Guide provides a framework to help advisors understand this issue by addressing the following questions:
What are the rules today?
What is being proposed?
How would some of the proposed changes impact an advisor’s practice?
Are there any action steps an advisor can take today in anticipation of the new rules?
The availability of electronic solutions, the regulatory framework within which to offer them and an increasing investor appetite for digital information has created new opportunities in investor communications. Today, companies can provide information to investors when, where, and how they want it – and that makes for more engaged investors.
That’s never been more important. as governance, transparency and accountability in capital markets become more closely scrutinized and more rigorously measured, engaging investors, encouraging voter participation and demonstrating leading communication practices is vital.
ERISA Fiduciary Issues: A Guide for AdvisorsBroadridge
The role, expectations and legal requirements for ERISA fiduciary advisors is changing. Plan sponsors are increasingly looking to retirement plan advisors for guidance. This brings potential business opportunities but also more regulatory scrutiny. This paper provides advisors with guidelines to understand the plan sponsor role as fiduciaries and the steps to take to avoid breaching their duties.
Managing Big Data: A Big Problem for BrokeragesBroadridge
Reliable mutual fund invoicing and analysis has been challenging the industry for years due to the regulatory environment and other factors, and in this report we explore key concerns, current approaches, and the way forward. Based on in-depth interviews with financial services executives, this paper uncovered the significance of a data management and analytical challenge facing brokerages, which has led to lost revenue, increased compliance and reputational risk, and lost sales opportunities.
The Multi-Asset Class Conundrum: Solving Post-Trade Complexities Across Busin...Broadridge
As trading across multiple asset classes increases, operating in silos is no longer an effective strategy for optimizing post-trade efficiency, mitigating risk and capitalizing on market opportunities. This paper uncovers how leading firms are consolidating their operations, data and technology infrastructures to create a center of excellence for multi-asset post-trade processing.
Rethinking Reconciliation: How a Global Center of Excellence Can Enhance Risk...Broadridge
In two years, outsourced reconciliation solutions have grown exponentially as increased focus on risk, regulations, and cost reduction has heightened the need for greater transparency and efficiency across all areas of financial services operations. Discover how leading financial institutions are enhancing risk management and reducing costs through a global center of excellence for reconciliations.
Tax Management: Navigating a Perfect Storm of Tax ComplexityBroadridge
The document summarizes the increasing complexity of tax management for financial services firms due to factors like new IRS cost basis reporting requirements, FATCA provisions, and enhanced reporting across jurisdictions. It is creating a "perfect storm" that is raising risks and costs for firms. The summary recommends that firms evaluate their tax technology, operations, and client experience to reduce complexity by potentially leveraging a tax management partner.
What Plan Fiduciaries can Expect with 404(a)(5) DisclosuresBroadridge
This document discusses the Department of Labor's 404(a)(5) disclosure regulations for participant-directed retirement plans. The regulations aim to provide plan participants with sufficient information about fees, expenses, and investment options so they can make informed decisions. Key requirements include disclosing:
1) General plan information like investment instructions and restrictions
2) Administrative and individual expenses allocated to participant accounts
3) Investment-related information for each option like name, type, performance history, benchmarks, and fees.
Plan administrators must provide this information initially and annually, as well as upon request or if any details change. The regulations seek to help participants while not overburdening plan administrators by allowing reliance on information from service
408b2 A Look at the New DoL Disclosure and Reporting RulesBroadridge
The document discusses new Department of Labor rules regarding disclosure and reporting of financial information by retirement plans. It covers three key aspects of the new rules: 1) expanded reporting of payments for services on Schedule C of Form 5500, 2) new exemptions for prohibited transactions when parties provide services to plans, and 3) new requirements for fiduciaries to disclose cost and service information to plan participants. The rules aim to increase transparency around retirement plan fees and services. Financial services firms have adapted to the new reporting requirements, though some complex commercial relationships remain challenging to report.
Fee and Commission Management in Global MarketsBroadridge
Look at key trends, challenges and solutions in fee and commission management. The challenge for any global financial institution is the sheer complexity and number of relationships and fees. The ongoing financial crisis has intensified the need for transparency and risk reduction. Explore the potential benefits of automation of commission and fees management and consider ways to quantify costs savings and other gains.
Global Investing: Considerations for Building an End-to-End SolutionBroadridge
US clients are missing out on 90% of the world’s investment opportunities. Traditionally, firms have faced cost, complexity, and time-to-market hurdles when considering how to offer foreign securities to their clients. The paper defines the critical capabilities brokerage firms need to support international investing and provides best practices and a questionnaire to help design a roadmap for global expansion.
The New Hedge Fund-Prime Broker RelationshipBroadridge
The financial crisis has changed the relationship between hedge funds and prime brokers. With the default of some leading providers, funds have realized that they should diversify their prime broker relationships and require more transparency on operational processes of prime providers. However, as the funds industry regains momentum, they are looking to their prime brokers to provide services that will support business expansion. Hence, prime brokers need to adapt their offering and IT infrastructure to respond to the changing market.
Transforming Customer Engagements in a Digital WorldBroadridge
1) The document discusses how customer communications are shifting from traditional print to digital channels as consumers increasingly use technologies like smartphones, tablets, and social media.
2) It recommends that companies develop a centralized customer communications management strategy to optimize engagement across both traditional and emerging digital channels. This will simplify processes, reduce costs, and improve the customer experience.
3) Key elements of an effective strategy include identity management, content management, analytics, and supporting emerging channels like digital mail - which provides consumers a single access point for all communications.
Bienestar Financiero al servicio de su jubilación anticipada
Pago de su 🏡
Estudio de sus hijos
Directamente a tu cuenta bancaria
Con Tesorería Auditoria Jurídica comercial
Administración de carteras
Apalancamiento Financiero
Desarrollo de tu marca personal
Acceso a Desarrollo de varias industrias
Cuentas bancarias
Estructuras Físicas en USA y en América Central
Avalado por Bolcomer
Puesto de Bolsa Comercial
Turismo
Y mucho más
Link de registro
https://business.myinfinity.global/maurod8/
https://therusnetwork.com/
Contacto:
https://goo.su/pzm1fja
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
SUSTAINABLE INVESTING UNVEILED: THE ROLE OF BOND RATINGS IN GUIDING GREEN BON...indexPub
The increasing urgency to address climate change has propelled sustainable investing into the spotlight, with green bonds emerging as a pivotal instrument for mobilizing the capital required for environmental projects. This study delves into the critical role that bond ratings play in guiding investments in green bonds, shedding light on how these ratings influence investor confidence and the allocation of funds towards sustainable initiatives. By employing a mixed-methods approach, combining quantitative analysis of green bond performance with qualitative interviews from industry experts, this research offers a comprehensive overview of the interplay between bond ratings and green bond investments. The findings suggest that higher bond ratings, often indicative of lower risk and better sustainability credentials, significantly impact the attractiveness of green bonds to investors. Additionally, the study examines the evolution of rating criteria to encompass environmental, social, and governance (ESG) factors, highlighting the shift towards more holistic assessments of investment risk and potential. This research contributes to the broader discourse on sustainable finance by providing insights into the mechanisms through which bond ratings can facilitate more informed and impactful green bond investments.