This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Nov. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Dec. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Oct. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Feb. '18Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Apr. '18Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of May '18Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Oct. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
1) The document describes a long-short investment strategy that aims to build a market-neutral portfolio consisting of long positions in stocks with improving fundamentals and short positions in the Euro STOXX 50 Future.
2) The strategy has achieved positive returns during negative market months and preserved capital during positive months, reaching a nice balance.
3) Over time, the long-only portion of the strategy has exhibited lower beta characteristics than the market index, causing the long-short strategy to take on an unintentional negative beta posture by shorting more futures. However, this positioning helps preserve capital during downturns.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Nov. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Dec. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Oct. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Feb. '18Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Apr. '18Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of May '18Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Oct. '17Giuseppe Piazzolla
This is an example of a monthly factsheet I build to track performance and risk data of a mandate I call 'Flexible Equity - Euro Long Short Market Neutral strategy'.
Actually, it is my track record in market neutral format.
1) The document describes a long-short investment strategy that aims to build a market-neutral portfolio consisting of long positions in stocks with improving fundamentals and short positions in the Euro STOXX 50 Future.
2) The strategy has achieved positive returns during negative market months and preserved capital during positive months, reaching a nice balance.
3) Over time, the long-only portion of the strategy has exhibited lower beta characteristics than the market index, causing the long-short strategy to take on an unintentional negative beta posture by shorting more futures. However, this positioning helps preserve capital during downturns.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of July '18Giuseppe Piazzolla
This document summarizes a European equity long-short strategy. It provides performance metrics showing the strategy has outperformed European benchmarks like the Euro Stoxx 50 with lower volatility over 3 years. However, it has underperformed in the last 2 years. The strategy aims to generate high single digit returns with half the volatility of the market through a fundamental stock scoring process and both long and short positions.
The document summarizes two uncorrelated investment strategies - a trend following strategy and a carry strategy - that are combined in a 50-50 portfolio by Ulysses Financial Services. The trend following strategy uses simple moving averages to determine long and short positions in 20 currency crosses with tight stop losses. The carry strategy ranks 20 eligible currencies by interest rates to determine long and short positions in the highest and lowest yielding currencies respectively. The combined portfolio aims to generate excess returns of 10-15% annually with low transaction costs and diversification from traditional assets.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of November '18Giuseppe Piazzolla
This document summarizes a European equity long-short strategy. It provides performance metrics for the strategy gross of fees from November 2014 to November 2018. The strategy aims to generate long-term capital appreciation with lower volatility than the market by taking long positions in stocks scoring high on its methodology and shorting equity indices. Recently, positions in materials and consumer discretionary stocks negatively impacted performance.
This summary provides an overview of key events that affected global equity markets over the past two weeks:
- Global equity markets posted decent returns in January after struggling in 2014, while the US market fell, possibly indicating mean reversion.
- Central banks continued expanding their balance sheets through quantitative easing (QE) programs, with the ECB announcing a larger than expected €60B per month bond purchasing program until at least September 2016.
- The ECB's negative interest rates and bond purchasing are intended to drive investors into riskier assets, though political issues like Greece's election could disrupt markets.
Venture capital returns remained positive across nearly all time horizons ending March 31, 2008, according to a report from Thomson Reuters and the National Venture Capital Association. The one-year return saw the largest quarterly decrease to 13.3%, while three-year and ten-year returns also declined slightly. Venture returns outperformed public markets except for the five-year horizon. However, weak exit markets may threaten long-term performance in the coming year according to NVCA President Mark Heesen.
Epic Research Singapore : - Daily IForex Report of 11 March 2016epicresearchsgmy
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
The document summarizes the ongoing financial crisis in 3 parts. It first describes the two sides fighting over money as Wall Street and the government. It then explains how the crisis began due to "easy money" leading to a new virus of greed and bankruptcies. Finally, it advises being conservative and watching the market closely as the crisis implications continue unfolding.
- UBS is a global wealth management firm with over 140 years of experience serving clients in Europe and the US.
- The global markets have experienced significant turmoil over the past year, with the S&P down 40% and investors fleeing to cash positions.
- While periods of negative returns are common over the short-term, stocks have historically outperformed bonds and cash over long time periods of 10 years or more.
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
This document summarizes an informational presentation about Venus FX Investment, a foreign exchange trading investment program. It describes Forex trading as trading currency pairs by buying currencies one expects to rise and selling those one expects to fall. It then outlines the Venus FX investment options including daily ROI returns of 4-6%, introducer bonuses, binary income from pairings, matching bonuses, and rewards redemption. It promotes investing in Venus FX to earn profits from Forex trading managed by the company.
The document discusses the foreign exchange (forex) market, which is the largest and most liquid financial market in the world. It operates globally and around the clock. The document provides information on major currency pairs, how to trade forex using leverage and managing risk through strategies like risk-reward ratios and stop losses. It also discusses growing an account through compounding profits and maintaining consistency in trading over time.
Venture capital performance remained positive across most investment horizons ending in the first quarter of 2007, according to Thomson Financial and the National Venture Capital Association. The 5-year private equity performance index saw the most volatility, increasing 1.5 points to 2.7%, reflecting an improved exit market. Short-term horizons were relatively steady, while longer-term performance indexes like 10-year and 20-year increased slightly. The venture capital industry continues to outperform public markets long-term, offering strong returns to its investors.
Venture capital performance outpaced public markets across most time horizons in the fourth quarter of 2007. The one-year private equity performance index showed an 8.9 point decrease to 19.5% while five year performance increased from 7.0% to 8.5%. Economic troubles in 2008 could impact short term venture capital returns if the IPO market remains slow, but longer term returns would need over a year of poor exit opportunities to suffer. Venture returns across all horizons, except five years, outperformed the NASDAQ and S&P 500 through the end of 2007.
Charts Commercial Investment Firms Never Want You to SeeLiivo Leismann
Some Charts Commercial Investment Firms Never Want You to See.
How retail investors can benefit from the largest ongoing wealth opportunity of recent decades.
Security analysis and portfolio managementHimanshu Jain
Live Project was all about studying the company’s financial health through the movement of their stock price. This live project deals with the basic concepts of investment in securities such as bonds and stocks, and management of such assets. It discusses various aspects of portfolio management, ranging from analysis, selection, and revision to evaluation of portfolio, securities market and risk evaluation that help in understanding the trading system better and making quality investment decisions.
This live project helped to understand how the stock prices vary. It also helped to know and calculate several technical terms. In this project, I was given 5 stocks wherein I need to update opening price, closing price, % change, total shares traded etc. every day. Then it is required to find out the beta, average return etc. of these stocks separately and construct a portfolio with Rs. 50, 00,000 keeping in mind optimum return for the investment. We need to keep in mind beta, standard deviation, risk and return of these stocks and invest to get the optimum returns.
This project helps in knowing the expected return and risk for each stock. Under this project I got to know about portfolio management as well as expected return & risk associate with each company. Through this project my future investment will be better as it helps in knowing the inside depth of companies by analysis the financial details.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of July '18Giuseppe Piazzolla
This document summarizes a European equity long-short strategy. It provides performance metrics showing the strategy has outperformed European benchmarks like the Euro Stoxx 50 with lower volatility over 3 years. However, it has underperformed in the last 2 years. The strategy aims to generate high single digit returns with half the volatility of the market through a fundamental stock scoring process and both long and short positions.
The document summarizes two uncorrelated investment strategies - a trend following strategy and a carry strategy - that are combined in a 50-50 portfolio by Ulysses Financial Services. The trend following strategy uses simple moving averages to determine long and short positions in 20 currency crosses with tight stop losses. The carry strategy ranks 20 eligible currencies by interest rates to determine long and short positions in the highest and lowest yielding currencies respectively. The combined portfolio aims to generate excess returns of 10-15% annually with low transaction costs and diversification from traditional assets.
Flexible Equity Euro Long-Short (Market Neutral) strategy_End of November '18Giuseppe Piazzolla
This document summarizes a European equity long-short strategy. It provides performance metrics for the strategy gross of fees from November 2014 to November 2018. The strategy aims to generate long-term capital appreciation with lower volatility than the market by taking long positions in stocks scoring high on its methodology and shorting equity indices. Recently, positions in materials and consumer discretionary stocks negatively impacted performance.
This summary provides an overview of key events that affected global equity markets over the past two weeks:
- Global equity markets posted decent returns in January after struggling in 2014, while the US market fell, possibly indicating mean reversion.
- Central banks continued expanding their balance sheets through quantitative easing (QE) programs, with the ECB announcing a larger than expected €60B per month bond purchasing program until at least September 2016.
- The ECB's negative interest rates and bond purchasing are intended to drive investors into riskier assets, though political issues like Greece's election could disrupt markets.
Venture capital returns remained positive across nearly all time horizons ending March 31, 2008, according to a report from Thomson Reuters and the National Venture Capital Association. The one-year return saw the largest quarterly decrease to 13.3%, while three-year and ten-year returns also declined slightly. Venture returns outperformed public markets except for the five-year horizon. However, weak exit markets may threaten long-term performance in the coming year according to NVCA President Mark Heesen.
Epic Research Singapore : - Daily IForex Report of 11 March 2016epicresearchsgmy
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
The document summarizes the ongoing financial crisis in 3 parts. It first describes the two sides fighting over money as Wall Street and the government. It then explains how the crisis began due to "easy money" leading to a new virus of greed and bankruptcies. Finally, it advises being conservative and watching the market closely as the crisis implications continue unfolding.
- UBS is a global wealth management firm with over 140 years of experience serving clients in Europe and the US.
- The global markets have experienced significant turmoil over the past year, with the S&P down 40% and investors fleeing to cash positions.
- While periods of negative returns are common over the short-term, stocks have historically outperformed bonds and cash over long time periods of 10 years or more.
Epic Research offers perfect Forex Signals for their clients that gives accurate results. Our research team with its past experience prepares live charts and track-sheets of IForex Signals through which traders can earn maximum profit from the market place. This report helps you to achieve desired success in the SGX Stock Exchange.
This document summarizes an informational presentation about Venus FX Investment, a foreign exchange trading investment program. It describes Forex trading as trading currency pairs by buying currencies one expects to rise and selling those one expects to fall. It then outlines the Venus FX investment options including daily ROI returns of 4-6%, introducer bonuses, binary income from pairings, matching bonuses, and rewards redemption. It promotes investing in Venus FX to earn profits from Forex trading managed by the company.
The document discusses the foreign exchange (forex) market, which is the largest and most liquid financial market in the world. It operates globally and around the clock. The document provides information on major currency pairs, how to trade forex using leverage and managing risk through strategies like risk-reward ratios and stop losses. It also discusses growing an account through compounding profits and maintaining consistency in trading over time.
Venture capital performance remained positive across most investment horizons ending in the first quarter of 2007, according to Thomson Financial and the National Venture Capital Association. The 5-year private equity performance index saw the most volatility, increasing 1.5 points to 2.7%, reflecting an improved exit market. Short-term horizons were relatively steady, while longer-term performance indexes like 10-year and 20-year increased slightly. The venture capital industry continues to outperform public markets long-term, offering strong returns to its investors.
Venture capital performance outpaced public markets across most time horizons in the fourth quarter of 2007. The one-year private equity performance index showed an 8.9 point decrease to 19.5% while five year performance increased from 7.0% to 8.5%. Economic troubles in 2008 could impact short term venture capital returns if the IPO market remains slow, but longer term returns would need over a year of poor exit opportunities to suffer. Venture returns across all horizons, except five years, outperformed the NASDAQ and S&P 500 through the end of 2007.
Charts Commercial Investment Firms Never Want You to SeeLiivo Leismann
Some Charts Commercial Investment Firms Never Want You to See.
How retail investors can benefit from the largest ongoing wealth opportunity of recent decades.
Security analysis and portfolio managementHimanshu Jain
Live Project was all about studying the company’s financial health through the movement of their stock price. This live project deals with the basic concepts of investment in securities such as bonds and stocks, and management of such assets. It discusses various aspects of portfolio management, ranging from analysis, selection, and revision to evaluation of portfolio, securities market and risk evaluation that help in understanding the trading system better and making quality investment decisions.
This live project helped to understand how the stock prices vary. It also helped to know and calculate several technical terms. In this project, I was given 5 stocks wherein I need to update opening price, closing price, % change, total shares traded etc. every day. Then it is required to find out the beta, average return etc. of these stocks separately and construct a portfolio with Rs. 50, 00,000 keeping in mind optimum return for the investment. We need to keep in mind beta, standard deviation, risk and return of these stocks and invest to get the optimum returns.
This project helps in knowing the expected return and risk for each stock. Under this project I got to know about portfolio management as well as expected return & risk associate with each company. Through this project my future investment will be better as it helps in knowing the inside depth of companies by analysis the financial details.
Slides of my investment strategy (updated @ March '18)Giuseppe Piazzolla
This document provides an overview of a long-short equity strategy focused on exploiting pricing inefficiencies related to the quality factor. The strategy aims for returns between 0.5-1 times the market with half the volatility through a combination of long positions in a quality value portfolio and short positions in equity futures to remain beta neutral. Since inception the strategy has achieved an average return of 3% annually with 6% volatility. Stock selection involves filtering for tangible book value growth, high Piotroski scores, and ranking based on free cash flow yield and return on invested capital to identify high quality, undervalued companies.
The document provides an analysis of Land Securities Group PLC, a UK property company. It includes the following key points:
- Land Securities is the largest property company in the UK by market capitalization and is a member of the FTSE 100.
- The analysis estimates the cost of equity for Land Securities to be 6.78% based on the company's beta of 0.9 calculated from its market model, a market risk premium of 5.2%, and a risk-free rate of 2.1%.
- Using the dividend valuation model with a dividend growth rate of 2.6% and the estimated cost of equity, the document values Land Securities' share price at £0.782, which
Investing Concept Of Risk And Return PowerPoint Presentation Slides SlideTeam
Every organization needs to adapt to the ever-changing business environment. Sensing this need, we have come up with these content-ready change management PowerPoint presentation slides. These change management PPT templates will help you deal with any kind of an organizational change. Be it with people, goals or processes. The business solutions incorporated here will help you identify the organizational structure, create vision for change, implement strategies, identify resistance and risk, manage cost of change, get feedback and evaluation, and much more. With the help of various change management tools and techniques illustrated in this presentation design, you can achieve the desired business outcomes. This business transition PowerPoint design also covers certain related topics such as change model, transformation strategy, change readiness, change control, project management and business process. By implementing the change control methods mentioned in the presentation, you will be able to have a smooth transition in an organization. So, without waiting much, download our extensively researched change management framework presentation. With our Change Management Presentation slides, understand the need for change and plan to go through it without any hassles.
SFW - FOFA implications, Sum of parts valuation, possible acquirers George Gabriel
This research note analyses potential acquirer of the SFW business, and looks at Future of Financial Advice (FOFA) reforms and values SFW on a sum of the parts basis (a relevant valuation methodology for any business with multiple business segments).
Financial services sector - implications of FOFA, possible acquires of SFW, S...George Gabriel
SFW Australia is rated positively given its scarcity value as one of two listed vertically integrated wealth managers in Australia. The stock offers upside for strategic acquirers at its current sum-of-parts valuation of 42 cents per share. Potential acquirers include regional banks, third tier lenders, trustee companies, and diversified wealth managers seeking to expand their distribution networks and mitigate key person risks. The deferral of mandatory FOFA reforms to 2013 will drive further sector consolidation as smaller players exit and larger players pursue acquisitions.
Cv & presentation patrick lemmens 2013, updated till end of May 2013Lemmie
Patrick Lemmens is a senior portfolio manager with over 20 years of experience in financial services. He holds a Master's degree in financial economics and manages the Global Robeco Financials Fund, seeking to deliver alpha through solid stock picking based on identifying trends within the financial sector. His past performance at ABN AMRO was very solid, with annualized outperformance of 2.7% over benchmark indexes. He employs a bottom-up investment process focused on companies with strong book value growth positioned in profitable business lines.
The document describes a 70-30 active-passive investment portfolio consisting of stocks, bonds, REITs, and commodities. It provides details on the composition and performance of the portfolio components, including ETFs tracking various market indices. The portfolio experienced losses in April due to leveraged bets in futures/options markets and specific stock positions that underperformed. Going forward, the portfolio manager aims to increase diversification and use derivatives more judiciously with appropriate timelines and quantities to manage risk.
An introduction to Emperor Asset Management and the Robert Falcon Scott Fund. The fund was established in 2004 and manages over R240 million in assets using a quantitative strategy that blends momentum, value and high dividend stocks. The strategy aims to achieve above-benchmark returns with below-benchmark risk through market timing and downside protection techniques.
The document describes several portfolio strategies offered by Hansen & Associates Financial Group. The strategies are designed to adapt to current market trends and mitigate risk through quantitative models. They include the Adaptive Asset Allocation strategy, Target Sector strategy, Core-Target Satellite strategy, and Conservative Adaptive-Core Satellite strategy. For each strategy, the document provides back-tested performance metrics compared to relevant benchmarks like the S&P 500. It shows the strategies achieved higher returns with lower risk than the benchmarks over the periods examined.
BRICS PMS Performance Update - 30 November 2010vivekmavani
This document provides a performance update and outlook from a portfolio manager at BRICS Growth, a long-only diversified equity product.
In 3 sentences:
- The BRICS Growth portfolio outperformed benchmarks over various periods despite recent corrections, with a focus on quality stock picking and low volatility. The manager expects opportunities in select mid-caps but cautions of risks from global macro issues and high earnings expectations. The portfolio maintains a focus on quality companies and adequate liquidity to take advantage of declines in prices.
This document provides information on investing for the best returns in 2015. It outlines the benefits of asset-backed investments and asset diversification for long-term returns. It also discusses the risk-return relationship and differentiates between underperformance and abnormal performance of multiple assets. Additionally, it reinforces the benefits of passive investment management over active management due to lower fees.
The document provides information on various investment options available to investors and highlights why mutual funds are a good investment choice. It begins by listing different instruments like EPF, PPF, NSC, FDs, senior citizen savings schemes etc. and provides details on their tax benefits, expected returns and duration. It then shows how inflation and taxes can erode the value of just keeping money in a savings account.
The document outlines some challenges of direct equity investing like requirement of capital, time, expertise and lack of information. It also discusses key factors to consider while investing like liquidity, safety, convenience, post-tax returns. It defines mutual funds and explains how they work by pooling money from multiple investors and investing in different
The document provides information on various investment options and their benefits, risks, and suitability. It discusses that mutual funds offer market-linked returns, professional management, diversification, and liquidity. Mutual funds allow small investors to participate in capital markets while mitigating risks like lack of expertise, time, capital, and information. The document compares mutual funds favorably against other assets in terms of returns, risks, tax benefits, and convenience. It outlines how to select mutual funds based on goals and risk tolerance as well as the benefits of systematic investment plans.
1) A managed volatility approach seeks to provide competitive returns compared to a benchmark index while maintaining lower volatility over the long term by constructing a portfolio of stocks with low expected volatility.
2) The document summarizes the results of a simulation of a managed volatility strategy for an EMU portfolio between 1999-2010 which showed an improved Sharpe ratio and higher risk-adjusted returns compared to the benchmark index with over 28% lower volatility.
3) Managed volatility strategies that aim to limit downside risk while maintaining potential upside have become increasingly popular with investors seeking to control risk independently from returns.
The document discusses UBS Tactical Beta Funds, which aim to provide stable returns through diversification and active asset allocation while keeping costs low. The funds use a passive foundation of pooled funds and ETFs for each risk profile benchmark, with an active overlay to tactically allocate between assets. This approach seeks to avoid losses from market downturns and provide superior risk-adjusted returns. Performance data shows the funds have outperformed their benchmarks since inception, with stable returns and lower volatility than the market.
The document provides analysis and recommendations for various Turkish equity markets and bonds as of June 29, 2010. It expresses a bearish outlook for the markets, with expectations of further fluctuations and declining prices. Recommendations are given to sell certain equities and bonds, with provided conviction levels and short-term and medium-term price targets. Performance summaries are given for recommendations over previous quarters, showing outperformance versus the benchmark XU100 index.
The SGMT trading system had a gross return of 12.80% in February 2016. The strategy performed well by taking risk-averse positions in the first half of the month as economic risks continued, and then repositioning in currency crosses to follow market recoveries. SGMT was able to detect the "waves" of market movements and position accordingly in currencies like GBP and JPY. The strategy aims to identify fundamental market trends, or "gravitational waves", amid shorter-term psychological deviations in prices.
Bring structure to your financial plan with our visually appealing Financial Concepts Risk Return PowerPoint Presentation Slides. The content ready portfolio risk and return analysis PowerPoint compete deck comprises of PPT slides such as risk and return of stock bonds, and T-bills, investment strategies of predefined portfolios, risk and return of portfolio manager, measuring stock volatility, proportionate, portfolio return analysis, calculating asset beta, portfolio value at risk, ranking the passive income streams impact of to name a few. Furthermore, to cover all the important concepts our designers have included additional slides like meet our team, mission and vision, comparison, timeline, financial, sticky notes, target, contact us, etc. Since all our slides are fully editable, you can easily customize it as per your needs. The visually appealing portfolio risk-return in security analysis PPT template can keep your audience engaged. Get access to this risk and return relationship PowerPoint template to design risk management strategies. Facilitate the joining of hands with our Financial Concepts Risk Return PowerPoint Presentation Slides. Improve the chances of cohesive action.
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South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
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Flexible Equity Euro Long-Short (Market Neutral) strategy_End of Nov. '17
1. Past performance is not a reliable indicator of future results. Calculations presented here are derived from Bloomberg data. This portfolio is a carve-out of a strategy employed in an
investment fund. Performance presented here for this strategy is gross of fees.
Pag. 1
All data as of November 30, 2017
Flexible Equity Euro Long-Short (Market Neutral) strategy
INVESTMENT OBJECTIVE
The strategy seeks long-term capital
appreciation with minimal correlation to
the stock market while trying to keep
volatility about half that of the stock
market in which it is invested.
It generally takes long positions in
securities of European companies that
score high in the proprietary methodology
and at the same time have a short
exposure (via futures) to equity indices like
the Euro STOXX 50.
Investment Style Long-short equity Fund Features
Morningstar Category
Alt - Market Neutral -
Equity
Legal Structure UCITS IV SICAV
ISIN Code
Bloomber Code
Share Class Currency EUR
Recommended Investment
Horizon
3-5 years
Risk-Return Profile (1-7) 5
Strategy inception 28/11/14
Strategy size EUR 68.5 mln*
> European equity
strategy with low
correlation to major
asset classes
> Strategy focused on a
systematic fundamental
based scoring process
> Aims at delivering high
single digit performance
over a market cycle
*This stratregy represents on average 30% gross exposure ofa Luxembourg SICAV
PERFORMANCE & RISK MEASURES
0
5
10
15
20
25
30
0
10
20
30
40
50
60
70
80
11/14 05/15 11/15 05/16 11/16 05/17 11/17
Performance(%)
Aum(mln.€)
Evolutionof aum. & Total Return Performance
Evolution of aum. (mln.€) Total return performance
0
10
20
30
05/15 11/15 05/16 11/16 05/17 11/17
-45
-25
-5
15
35
55
rolling6m.standarddeviation%
rolling6m.TRperformance%
RollingTotal Return, Stand.Dev (PORT & Index-->SX5E)
sd-SX5E sd-PORT tr-SX5E tr-PORT
3 m. Ytd 1 Y 2 Y (a.) 3 Y (a.) s. inc. (a.)
1.13 4.34 2.16 3.40 6.96 6.96
4.64 11.86 20.74 4.59 6.85 6.85
0.11 1.20 1.06 -0.20 0.99 0.99
Year to Date YEAR Gen Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
4.34 2017 1.02 2.16 -0.39 2.44 0.45 -0.90 -1.21 -0.37 0.68 0.74 -0.29 --
0.19 2016 -1.40 1.90 1.62 -0.64 1.24 -1.20 1.57 0.14 0.98 -2.33 0.54 -2.09
13.49 2015 1.54 0.78 -0.49 1.87 2.06 0.18 -0.33 2.87 1.11 -0.09 0.99 2.27
3.19 2014 -- -- -- -- -- -- -- -- -- -- -- 3.19
1 Y 2 Y 3 Y Port Date
› Risk Best 1 1.91 09/01/15
St. Deviation (Ann.) 5.52 6.27 6.61 Best 2 1.26 29/06/15
VaR 95% (ex-post) -0.54 -0.59 -0.65 Best 3 1.19 18/09/15
› Risk/Return Worst 1 -1.77 27/06/16
Sharpe Ratio 0.54 0.62 1.13 Worst 2 -1.51 14/01/16
Worst 3 -1.43 22/06/15
-5.55% Up Down
Date of Max Drawd. 15/12/16 n° of days 416 368
Days to recovery 118 % of days 53 47
Recovery date 12/04/17 average 2bps -1.7bps
Portfolio Statistics Best-Worst days
Maximum drawdown Period Analysis
Performance Analysis
**Peers'performance is net offees and taxes, portfolio's
performance is gross; peer groups returns are calculated by equal
weighting the performance ofa group oflong-short market
neutral-european equity funds.
Port
EURO STOXX 50
Peers**
Seasonal Analysis
[-2; -
1.6]
[-1.6;
-1.2]
[-1.2;
-0.8]
[-0.8;
-0.4]
[-0.4;
0]
[0;
0.4]
[0.4;
0.8]
[0.8;
1.2]
[1.2;
1.6]
[1.6;
2]
Observ. 0.001 0.006 0.019 0.108 0.334 0.361 0.151 0.017 0.001 0.001
0.108
0.334
0.361
0.151
0.017
0%
5%
10%
15%
20%
25%
30%
35%
40%
FREQUENCY(%)
Histogram showing distribution of daily returns
47% ofthe days
with returns<0
53% of the days with
returns > 0
2. Past performance is not a reliable indicator of future results. Calculations presented here are derived from Bloomberg data. This portfolio is a carve-out of a strategy employed in an
investment fund. Performance presented here for this strategy is gross of fees.
Pag. 2
All data as of November 30, 2017
Flexible Equity Euro Long-Short (Market Neutral) strategy
PERFORMANCE & RISK MEASURES (cont.)
-0.3
-0.2
-0.1
0.0
0.1
05/15 11/15 05/16 11/16 05/17 11/17
BETA
Rolling 6m. Beta vs SX5E
Beta
-5
0
5
10
15
20
25
30
140
145
150
155
160
165
170
175
180
185
11/14 04/15 09/15 02/16 07/16 12/16 05/17 10/17
Avg.NetExp.(%)
Avg.GrossExp.(%)
Historical Gross and Net Exposure
Avg. Gross Expos. Average Net Exposure
PORTFOLIO COMPOSITION
Asset Class Equity Exposure by:
Exposure Weight (%) Sectors (GICS)*** Long Short Tot.Gr. Tot.Net
› Cash & Margin 8.7 Consumer Discretionary 21.8 -7.4 29.3 14.4
› Long 91.3 Financials 4.1 -14.3 18.4 -10.2
› Long (Beta adj.) 84.7 Industrials 18.6 -8.8 27.4 9.8
› Short -63.7 Materials 12.5 -4.1 16.6 8.5
› Gross Exposure 155.0 Health Care 14.6 -6.7 21.3 7.9
› Net Exposure 27.7 Utilities -3.4 3.4 -3.4
› Net Exp. (Beta adj.) 21.1 Telecommunication Services 1.9 -3.0 5.0 -1.1
Energy 4.9 -4.0 8.9 0.9
Information Technology 5.4 -4.6 10.0 0.8
Consumer Staples 7.4 -6.8 14.2 0.6
Real Estate -0.6 0.6 -0.6
Top 10 (long & short*** positions)
Name Weight (%)
Roche Holding Ag-Genusschein 4.5 Equity Exposure by:
Novo Nordisk A/S-B 3.2 Market Cap*** Long Short Tot.Gr. Tot.Net
Renault Sa 3.1 € 50bln. + (Giant) 16.3 -43.0 59.4 -26.7
Total Sa -3.1 € 10-50bln. (Large) 34.9 -20.6 55.4 14.3
Atlas Copco Ab-A Shs 2.7 € 1-10bln. (Mid) 37.0 37.0 37.0
Siemens Ag-Reg -2.5 € 250mln-1bln. (Small) 3.1 3.1 3.1
Sap Se -2.5
Sandvik Ab 2.4
Banco Santander Sa -2.4
Allianz Se-Reg -2.3 *** implied from the short index futures position
Number of stocks 59 50
Weight (%) 1.4 1.7
Mkt Cap (bln.€) 9.0 48.2
Free Cash Flow Yield 6.8 3.8
P/Book 5.1 2.7
Roe (avg.5y) 25.0 12.2
Sales Growth (T12 m.) 9.6 7.6
Dividend Yield 3.0 3.1
Dvd. Payout Ratio 57.2 69.8
Net Debt/Ebit 0.3 1.0
PORTFOLIO CHARACTERISTICS
Long (port.)
Short (futures
SX5E)
COMMENTARY
In 2017 the strategy averaged gross long exposure of 91% and gross short exposure of 67%, resulting in 24% net exposure across the
portfolio.
A reasonable benchmark for the fund’s performance is an adjusted Euro Stoxx 50 Index, which takes the fund’s average net exposure
and multiplies it by the Index return, resulting in a 2.8% performance for the year to date period. Hence, while our 4.3% performance is
satisfactory, even if compared with the 'average performance' of an equally-weithed basket of funds with a similar strategy that has
returned 1.2%, we have to recognize that:
(1) for the last 12 months we have missed our objective ofa 'high single-digit performance';
(2) our calculations ofthe strategy's total return are missing expenses and taxes;
(3) we have entered a period where our rolling 6 month total return is mostly around 0 (see the 2nd graph in the 1st page).
Our feeling is that at these generalized level of hyper low volatility there is low differentiation between stocks: this affects the quality
bias in our strategy, or, told differently, our search for discounted quality stocks is not enough to compensate for the continuing strong
momentum in cyclical, generally low quality, stocks. In any case we are firmly convinced that in the long term a strategy where we are
long a basket ofthe cheapest quality group of stocks and short the index is a valid proposition to build alpha with very low correlations
with the market.