The document discusses why investors underperform in the market. It notes that individual investors are prone to behavioral biases and emotional decision making that cause them to make suboptimal investment choices. In contrast, institutional strategies focus on asset allocation across diverse asset classes and maintaining a consistent strategy over the long term, which has been shown to produce better risk-adjusted returns. The document advocates that investors should focus on asset allocation and maintaining a consistent strategy rather than reacting emotionally to short-term market fluctuations.
The document provides an introduction to investments and covers key concepts such as risk and return, asset classes, diversification, and inflation. It explains that higher risk investments like shares and property have historically delivered higher returns than lower risk investments like cash and fixed interest. It emphasizes the importance of diversification across different asset classes and managers to reduce risk.
REIT preferred stocks provide an alternative source of income with several potential benefits:
1) They offer attractive dividends that are generally well-covered by the cash flows of underlying REIT issuers.
2) Historically, REIT preferreds have low correlations to other asset classes, offering portfolio diversification.
3) Currently, REIT preferreds yields are near historic highs compared to 10-year Treasury yields, suggesting the potential for outsized returns if spreads revert back toward historical averages.
The document summarizes key features of the London Life lifetime income benefit option, which helps manage risks in retirement. Some key points:
1) It provides guaranteed, predictable income for life starting as early as age 50, regardless of how long the person lives or how markets perform. Income amounts are based on age and increase over time.
2) It offers potential increases to income through annual 5% deferral bonuses for delaying withdrawals, allowing the income base to grow even in down markets.
3) Income amounts can be "reset" every 3 years to higher levels if the policy value has increased, securing gains and providing opportunity for growth in retirement income. Resets are available for life of the policy
The Canadian GIC market is valued at just under $900 billion in Q1 2009. Chartered banks hold the largest share at 67% of funds, while credit unions and trust companies hold 25% and 7% respectively. On average, GIC volumes have grown 5% per year. Individuals hold 57% of outstanding balances compared to 43% for businesses. Distribution is key to success in the GIC market, with large investment dealers and independent brokers driving most origination. Rates are generally not the main competitive driver, as customers prioritize insured status, brand, and advisor recommendations over rates. New entrants may consider differentiated strategies around distribution channels, product features, or rates/commissions.
SERNET is a financial services firm led by Mr. Bhavesh A. Vora and Mr. Arvind J. Vora. It serves over 3000 individual families as well as corporate clients and trusts. SERNET provides a variety of financial services including wealth management, financial management, risk management, and other avenues to meet all client financial needs through consultative and monitoring efforts. The vision is to become a global integrated player in financial services using professional practices to add value to clients' lives and wealth.
The document discusses current challenges in structuring domestic portfolios. It notes money market outflows in Q2 2012 while unit trusts saw inflows. Balanced funds have been outperforming due to their diversification, flexibility, and strong equity and fixed income teams. The core PSG funds range from high to low risk. The philosophy is to be consistent, conservative, and contrarian in investments. Portfolios are constructed based on moats, management, and margin of safety analysis of companies. Current portfolio themes include offshore, mid-cap domestic industrials, large-cap industrials and resources.
Benefit Illustration -- Wealthsurance Foundation Plan Ms Office Ver11.0guest34c34c
The document appears to be an incomplete proposal form for an IDBI Fortis Wealthsurance Foundation Plan. Key details such as the policy holder's name, life insured's name, date of birth, gender, premium amount, sum insured, policy term, premium paying term and fund allocation percentages are missing. The document provides the option to select various riders but does not specify any selections. An illustration of policy benefits is provided, but all values are #N/A, suggesting required inputs were not provided to generate the illustration.
Revival Investment & Financial Solutions is an investment and financial services firm founded in 2009 in New Delhi, India. It has a network of 25 branches across major cities in India. The company provides services including investment banking, private equity syndication, mergers and acquisitions advisory, debt syndication, and investor relations management. It aims to build long-term client relationships and has experienced professionals with backgrounds in capital markets and corporate finance.
The document provides an introduction to investments and covers key concepts such as risk and return, asset classes, diversification, and inflation. It explains that higher risk investments like shares and property have historically delivered higher returns than lower risk investments like cash and fixed interest. It emphasizes the importance of diversification across different asset classes and managers to reduce risk.
REIT preferred stocks provide an alternative source of income with several potential benefits:
1) They offer attractive dividends that are generally well-covered by the cash flows of underlying REIT issuers.
2) Historically, REIT preferreds have low correlations to other asset classes, offering portfolio diversification.
3) Currently, REIT preferreds yields are near historic highs compared to 10-year Treasury yields, suggesting the potential for outsized returns if spreads revert back toward historical averages.
The document summarizes key features of the London Life lifetime income benefit option, which helps manage risks in retirement. Some key points:
1) It provides guaranteed, predictable income for life starting as early as age 50, regardless of how long the person lives or how markets perform. Income amounts are based on age and increase over time.
2) It offers potential increases to income through annual 5% deferral bonuses for delaying withdrawals, allowing the income base to grow even in down markets.
3) Income amounts can be "reset" every 3 years to higher levels if the policy value has increased, securing gains and providing opportunity for growth in retirement income. Resets are available for life of the policy
The Canadian GIC market is valued at just under $900 billion in Q1 2009. Chartered banks hold the largest share at 67% of funds, while credit unions and trust companies hold 25% and 7% respectively. On average, GIC volumes have grown 5% per year. Individuals hold 57% of outstanding balances compared to 43% for businesses. Distribution is key to success in the GIC market, with large investment dealers and independent brokers driving most origination. Rates are generally not the main competitive driver, as customers prioritize insured status, brand, and advisor recommendations over rates. New entrants may consider differentiated strategies around distribution channels, product features, or rates/commissions.
SERNET is a financial services firm led by Mr. Bhavesh A. Vora and Mr. Arvind J. Vora. It serves over 3000 individual families as well as corporate clients and trusts. SERNET provides a variety of financial services including wealth management, financial management, risk management, and other avenues to meet all client financial needs through consultative and monitoring efforts. The vision is to become a global integrated player in financial services using professional practices to add value to clients' lives and wealth.
The document discusses current challenges in structuring domestic portfolios. It notes money market outflows in Q2 2012 while unit trusts saw inflows. Balanced funds have been outperforming due to their diversification, flexibility, and strong equity and fixed income teams. The core PSG funds range from high to low risk. The philosophy is to be consistent, conservative, and contrarian in investments. Portfolios are constructed based on moats, management, and margin of safety analysis of companies. Current portfolio themes include offshore, mid-cap domestic industrials, large-cap industrials and resources.
Benefit Illustration -- Wealthsurance Foundation Plan Ms Office Ver11.0guest34c34c
The document appears to be an incomplete proposal form for an IDBI Fortis Wealthsurance Foundation Plan. Key details such as the policy holder's name, life insured's name, date of birth, gender, premium amount, sum insured, policy term, premium paying term and fund allocation percentages are missing. The document provides the option to select various riders but does not specify any selections. An illustration of policy benefits is provided, but all values are #N/A, suggesting required inputs were not provided to generate the illustration.
Revival Investment & Financial Solutions is an investment and financial services firm founded in 2009 in New Delhi, India. It has a network of 25 branches across major cities in India. The company provides services including investment banking, private equity syndication, mergers and acquisitions advisory, debt syndication, and investor relations management. It aims to build long-term client relationships and has experienced professionals with backgrounds in capital markets and corporate finance.
Revival Investments & Financial Solutions is an investment and financial services firm founded in 2009 in New Delhi, India. It has a network of 25 branches across major Indian cities. The company specializes in investment banking, private equity syndication, mergers and acquisitions advisory, debt syndication, investor relations management, and trading in currencies, commodities, properties, and fixed income. The founder and CEO, Pardeep Kumar, has over a decade of experience in capital markets. The company prides itself on its long-term client relationships and extensive industry network.
For more information contact: emailus@marcusevans.com
A presentation by Antje Biber, the Managing Partner at Feri Trust GmbH who presented on selection requirements for hedge funds at the Investment Consultant Summit, September 2012.
Join the 2014 Investments Summit along with leading regional investors in an intimate environment for a highly focused discussion on the latest investment strategies in the market.
For more information contact: emailus@marcusevans.com
Alternatives to Traditional Canadian Fixed IncomeJamie_Colliver
This document summarizes Jamie Colliver's presentation on alternatives to traditional Canadian fixed income investments. Some key points include:
- Traditional fixed income portfolios are often benchmarked against the DEX Universe index and have a home country bias, but alternatives exist that can improve risk-adjusted returns.
- Post-2008, investors are more focused on risk-adjusted returns, liability-driven investing, and taking on foreign currency exposure to generate alpha.
- The current fixed income landscape includes increasing bond allocations to better match liabilities, taking on non-Canadian exposure, sector allocation strategies, and active managers who can add value through security selection and anticipating credit events.
- Integra proposes alternatives like
This document discusses financial planning during tough economic times. It notes that stock markets are down 70% and investors have lost confidence, leading to job cuts that further reduce demand. This creates an unstable environment with an uncertain future. The document advises checking three parameters: goals and objectives, risk appetite, and time horizon. It suggests different investment options depending on the time horizon and risk tolerance. Having insurance can help protect goals and dreams against uncertainties. The right financial advice can help people sleep better.
Understanding IRA Contributions: From Deadlines to Deductibility Rules | Asce...NAFCU Services Corporation
Educational presentation from Ascensus covering both Traditional and Roth IRA issues, including contribution deadlines, contribution limits, possible tax credits, traditional IRA deductibility rules, and more. Free recorded webinar available at http://www.nafcu.org/ascensus.
Nationwide is one of the largest insurance and financial services companies in the world, with more than $117 billion in assets. In 2002, Nationwide strengthened its financial foundation by improving statutory net income from a net loss of $295 million in 2001 to a net gain of $252 million in 2002. Nationwide focuses on serving customers, partners, and stakeholders by providing insurance, retirement, and investment products and services while maintaining financial strength and stability.
- Aegon agreed to cancel all preferred shares held by Vereniging Aegon in exchange for cash and common shares. This simplifies Aegon's capital structure and improves capital quality under new regulations.
- Vereniging Aegon will receive €400 million in cash from Aegon and common shares equivalent to €655 million in value, reducing its debt by ~€500 million.
- The transaction has a limited dilutive effect for common shareholders as the increased number of common shares is partly offset by no longer paying preferred dividends.
How to reduce portfolio risk through periodic re-balancing. The impact of dividends on total portfolio return. Thoughts on Social Security’s future.
Investment Styles: Large growth versus large value
This document provides an overview of Chapter 14 from the textbook "Managing Credit Risk Under The Basel III Framework, 3rd ed" on collateralized debt obligations (CDOs). It discusses how CDOs redistribute credit risk from illiquid debt markets to create investment opportunities with different risk-return profiles. CDOs issue multiple tranches that allocate cash flows and losses in order of seniority, with senior tranches receiving priority over mezzanine and equity tranches. CDOs can be structured on actual debt portfolios or through synthetic transactions using credit default swaps.
Using Convertible Bonds to Protect Portfolios and Increase IncomeSteve Stanganelli
Convertible bonds offer a way to enhance a traditional fixed income strategy or the potential to reduce exposure to volatile equity markets. Such a strategy can be used by investors of all risk profiles and is an ideal supplement for a core principal protected equity strategy for retirement income.
A New Arrow for The Pension Practitioners Quiver: Pension Risk TransferJay Dinunzio
Webinar Presentation Slides
Gone are the days of group annuity contracts only being able to satisfy the plan termination objectives of a pension plan sponsor. Today, there are a wide variety of useful applications for guaranteed institutional annuity contract structures to provide an alternative to traditional fixed income investments. Are you or your pension clients:
•Struggling with cost and volatility issues surrounding a defined benefit pension plan?
•Considering a liability driven investment strategy that will de-risk the plan investment and allow for stable, predictable funding?
•Limited by fixed income funds that only allow for simple duration matching, and expose the plan to cash flow mismatch risks?
•Unaware of the variety of customized institutional insurance contract structures available?
•Lacking a fiduciary process for evaluating and monitoring the attractiveness of insured pension solutions?
This document provides information about a fixed indexed annuity product. It discusses that a fixed indexed annuity is a contract between an individual and an insurance company where the individual provides a premium or money in return for guaranteed benefits from the insurance company. It guarantees minimum values, offers growth potential through indexed credits linked to market indexes, provides tax-deferred growth, and protection of the original premium from downside market risks. It also provides future income options such as lump sums or regular payments.
StoneCross Capital Insurance-Linked Longevity Certificates (SILC)tdgillespie
The document summarizes StoneCross Capital, a company that creates Shariah-compliant insurance-linked longevity certificates (SILC). Key points:
1) StoneCross Capital is the first U.S. asset management company to create Shariah-compliant longevity products for Islamic investors.
2) SILC are certificates backed by longevity assets that offer principal protection and projected annual returns of 6% while complying with Islamic principles.
3) Longevity assets provide diversification, low volatility, and non-correlation to other asset classes.
The document provides an overview of Takaful (Islamic insurance), including its definition, differences from conventional insurance, various Takaful models and types, the history and development of Takaful in Pakistan, and prospects for growth in Pakistan. It also introduces Takaful Pakistan Limited, a new Takaful company established in Pakistan as a joint venture between local and international institutions.
Takaful is an Islamic insurance model where participants contribute to a mutual fund to compensate contributors in case of loss according to agreed ratios. It uses Islamic profit-sharing models like Mudarba and Wakala and ensures operations comply with Sharia law by avoiding excessive uncertainty and gambling. Takaful provides financial security and helps fulfill religious duties of mutual support and protection of orphans and dependents. It faces challenges from conventional practices but these can be addressed through qualified Islamic staff and reinsurance, and fatwas from trusted scholars.
Takaful is an Islamic insurance concept based on mutual assistance and donation rather than conventional insurance, which is based on risk transfer. It involves participants contributing to a common fund to ensure each other in cases of loss. Key differences from conventional insurance are that takaful is based on risk sharing rather than risk transfer. There are also differences in the roles of the wakeel (agent) and ameen (custodian) compared to a guarantor and owner in conventional insurance. Pakistan has a large untapped market potential for takaful due to its growing Islamic finance sector, lack of social safety nets, and demand for ethical financial services. However, challenges include low insurance penetration, lack of awareness, and undeveloped
This presentation provides an overview of Takaful (Islamic insurance):
1) Takaful is based on mutual protection and joint guarantee, with participants contributing to a common fund to provide indemnity in case of loss. It avoids elements of uncertainty, gambling and interest that are objections to conventional insurance.
2) There are various Takaful models including Mudaraba and Wakala that structure the operations and distribution of surplus differently but are based on cooperation instead of profit-maximization.
3) Takaful Pakistan Limited is a new company that offers both general and family Takaful products in Pakistan, which has strong potential for Takaful given its predominantly Muslim population.
This document provides general information about investing and recommends obtaining financial advice. It notes that case studies are for illustration only and that the presentation does not take into account individual circumstances. Investors should consider if the information suits their personal objectives, financial situation and needs before making investment decisions.
SIM is a philosophically grounded, multi-specialist, multi-product asset manager within the Sanlam group. It has one investment platform that leverages off the Sanlam book and brand. SIM provides asset management services through various specialist teams across multiple asset classes.
Bandon Isolated Alpha Fixed Income (Presentation)bandonfunds
Bandon Isolated Alpha Fixed Income Fund seeks to deliver alternative fixed income returns through a diversified portfolio of global absolute return strategies. The fund aims for returns of 6-8% net of fees with limited volatility of 3-5% standard deviation through various credit and interest rate strategies run by specialized sub-advisers. Logan Circle Partners and Dix Hills Partners implement the credit and interest rate strategies, respectively, through proprietary research and risk management processes. The fund has exhibited low correlation to traditional fixed income and ability to perform well in rising rate and risk asset stress environments since its inception in late 2010.
New Oak Creating An Effective Risk Modeling Framework (Pensions Risk Manage...Ron D'Vari
The document discusses various approaches to liability driven investing (LDI), including:
1) Different styles of LDI ranging from basic cash-flow matching to more sophisticated asset allocation strategies. Effective LDI also requires ongoing risk management and reporting.
2) Modern portfolio theory that ignores liability risks, while LDI focuses on optimizing relative to liability benchmarks and measuring inter-temporal risk relative to liabilities.
3) The impact of market conditions on LDI, as liability benchmarks outperform in down markets but market benchmarks work better in up markets, influencing sponsor preferences and contributions.
Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other financial institution insurance, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Raymond James is not affiliated with the financial institution or the investment company. Material prepared by Raymond James for use by its advisors.
Revival Investments & Financial Solutions is an investment and financial services firm founded in 2009 in New Delhi, India. It has a network of 25 branches across major Indian cities. The company specializes in investment banking, private equity syndication, mergers and acquisitions advisory, debt syndication, investor relations management, and trading in currencies, commodities, properties, and fixed income. The founder and CEO, Pardeep Kumar, has over a decade of experience in capital markets. The company prides itself on its long-term client relationships and extensive industry network.
For more information contact: emailus@marcusevans.com
A presentation by Antje Biber, the Managing Partner at Feri Trust GmbH who presented on selection requirements for hedge funds at the Investment Consultant Summit, September 2012.
Join the 2014 Investments Summit along with leading regional investors in an intimate environment for a highly focused discussion on the latest investment strategies in the market.
For more information contact: emailus@marcusevans.com
Alternatives to Traditional Canadian Fixed IncomeJamie_Colliver
This document summarizes Jamie Colliver's presentation on alternatives to traditional Canadian fixed income investments. Some key points include:
- Traditional fixed income portfolios are often benchmarked against the DEX Universe index and have a home country bias, but alternatives exist that can improve risk-adjusted returns.
- Post-2008, investors are more focused on risk-adjusted returns, liability-driven investing, and taking on foreign currency exposure to generate alpha.
- The current fixed income landscape includes increasing bond allocations to better match liabilities, taking on non-Canadian exposure, sector allocation strategies, and active managers who can add value through security selection and anticipating credit events.
- Integra proposes alternatives like
This document discusses financial planning during tough economic times. It notes that stock markets are down 70% and investors have lost confidence, leading to job cuts that further reduce demand. This creates an unstable environment with an uncertain future. The document advises checking three parameters: goals and objectives, risk appetite, and time horizon. It suggests different investment options depending on the time horizon and risk tolerance. Having insurance can help protect goals and dreams against uncertainties. The right financial advice can help people sleep better.
Understanding IRA Contributions: From Deadlines to Deductibility Rules | Asce...NAFCU Services Corporation
Educational presentation from Ascensus covering both Traditional and Roth IRA issues, including contribution deadlines, contribution limits, possible tax credits, traditional IRA deductibility rules, and more. Free recorded webinar available at http://www.nafcu.org/ascensus.
Nationwide is one of the largest insurance and financial services companies in the world, with more than $117 billion in assets. In 2002, Nationwide strengthened its financial foundation by improving statutory net income from a net loss of $295 million in 2001 to a net gain of $252 million in 2002. Nationwide focuses on serving customers, partners, and stakeholders by providing insurance, retirement, and investment products and services while maintaining financial strength and stability.
- Aegon agreed to cancel all preferred shares held by Vereniging Aegon in exchange for cash and common shares. This simplifies Aegon's capital structure and improves capital quality under new regulations.
- Vereniging Aegon will receive €400 million in cash from Aegon and common shares equivalent to €655 million in value, reducing its debt by ~€500 million.
- The transaction has a limited dilutive effect for common shareholders as the increased number of common shares is partly offset by no longer paying preferred dividends.
How to reduce portfolio risk through periodic re-balancing. The impact of dividends on total portfolio return. Thoughts on Social Security’s future.
Investment Styles: Large growth versus large value
This document provides an overview of Chapter 14 from the textbook "Managing Credit Risk Under The Basel III Framework, 3rd ed" on collateralized debt obligations (CDOs). It discusses how CDOs redistribute credit risk from illiquid debt markets to create investment opportunities with different risk-return profiles. CDOs issue multiple tranches that allocate cash flows and losses in order of seniority, with senior tranches receiving priority over mezzanine and equity tranches. CDOs can be structured on actual debt portfolios or through synthetic transactions using credit default swaps.
Using Convertible Bonds to Protect Portfolios and Increase IncomeSteve Stanganelli
Convertible bonds offer a way to enhance a traditional fixed income strategy or the potential to reduce exposure to volatile equity markets. Such a strategy can be used by investors of all risk profiles and is an ideal supplement for a core principal protected equity strategy for retirement income.
A New Arrow for The Pension Practitioners Quiver: Pension Risk TransferJay Dinunzio
Webinar Presentation Slides
Gone are the days of group annuity contracts only being able to satisfy the plan termination objectives of a pension plan sponsor. Today, there are a wide variety of useful applications for guaranteed institutional annuity contract structures to provide an alternative to traditional fixed income investments. Are you or your pension clients:
•Struggling with cost and volatility issues surrounding a defined benefit pension plan?
•Considering a liability driven investment strategy that will de-risk the plan investment and allow for stable, predictable funding?
•Limited by fixed income funds that only allow for simple duration matching, and expose the plan to cash flow mismatch risks?
•Unaware of the variety of customized institutional insurance contract structures available?
•Lacking a fiduciary process for evaluating and monitoring the attractiveness of insured pension solutions?
This document provides information about a fixed indexed annuity product. It discusses that a fixed indexed annuity is a contract between an individual and an insurance company where the individual provides a premium or money in return for guaranteed benefits from the insurance company. It guarantees minimum values, offers growth potential through indexed credits linked to market indexes, provides tax-deferred growth, and protection of the original premium from downside market risks. It also provides future income options such as lump sums or regular payments.
StoneCross Capital Insurance-Linked Longevity Certificates (SILC)tdgillespie
The document summarizes StoneCross Capital, a company that creates Shariah-compliant insurance-linked longevity certificates (SILC). Key points:
1) StoneCross Capital is the first U.S. asset management company to create Shariah-compliant longevity products for Islamic investors.
2) SILC are certificates backed by longevity assets that offer principal protection and projected annual returns of 6% while complying with Islamic principles.
3) Longevity assets provide diversification, low volatility, and non-correlation to other asset classes.
The document provides an overview of Takaful (Islamic insurance), including its definition, differences from conventional insurance, various Takaful models and types, the history and development of Takaful in Pakistan, and prospects for growth in Pakistan. It also introduces Takaful Pakistan Limited, a new Takaful company established in Pakistan as a joint venture between local and international institutions.
Takaful is an Islamic insurance model where participants contribute to a mutual fund to compensate contributors in case of loss according to agreed ratios. It uses Islamic profit-sharing models like Mudarba and Wakala and ensures operations comply with Sharia law by avoiding excessive uncertainty and gambling. Takaful provides financial security and helps fulfill religious duties of mutual support and protection of orphans and dependents. It faces challenges from conventional practices but these can be addressed through qualified Islamic staff and reinsurance, and fatwas from trusted scholars.
Takaful is an Islamic insurance concept based on mutual assistance and donation rather than conventional insurance, which is based on risk transfer. It involves participants contributing to a common fund to ensure each other in cases of loss. Key differences from conventional insurance are that takaful is based on risk sharing rather than risk transfer. There are also differences in the roles of the wakeel (agent) and ameen (custodian) compared to a guarantor and owner in conventional insurance. Pakistan has a large untapped market potential for takaful due to its growing Islamic finance sector, lack of social safety nets, and demand for ethical financial services. However, challenges include low insurance penetration, lack of awareness, and undeveloped
This presentation provides an overview of Takaful (Islamic insurance):
1) Takaful is based on mutual protection and joint guarantee, with participants contributing to a common fund to provide indemnity in case of loss. It avoids elements of uncertainty, gambling and interest that are objections to conventional insurance.
2) There are various Takaful models including Mudaraba and Wakala that structure the operations and distribution of surplus differently but are based on cooperation instead of profit-maximization.
3) Takaful Pakistan Limited is a new company that offers both general and family Takaful products in Pakistan, which has strong potential for Takaful given its predominantly Muslim population.
This document provides general information about investing and recommends obtaining financial advice. It notes that case studies are for illustration only and that the presentation does not take into account individual circumstances. Investors should consider if the information suits their personal objectives, financial situation and needs before making investment decisions.
SIM is a philosophically grounded, multi-specialist, multi-product asset manager within the Sanlam group. It has one investment platform that leverages off the Sanlam book and brand. SIM provides asset management services through various specialist teams across multiple asset classes.
Bandon Isolated Alpha Fixed Income (Presentation)bandonfunds
Bandon Isolated Alpha Fixed Income Fund seeks to deliver alternative fixed income returns through a diversified portfolio of global absolute return strategies. The fund aims for returns of 6-8% net of fees with limited volatility of 3-5% standard deviation through various credit and interest rate strategies run by specialized sub-advisers. Logan Circle Partners and Dix Hills Partners implement the credit and interest rate strategies, respectively, through proprietary research and risk management processes. The fund has exhibited low correlation to traditional fixed income and ability to perform well in rising rate and risk asset stress environments since its inception in late 2010.
New Oak Creating An Effective Risk Modeling Framework (Pensions Risk Manage...Ron D'Vari
The document discusses various approaches to liability driven investing (LDI), including:
1) Different styles of LDI ranging from basic cash-flow matching to more sophisticated asset allocation strategies. Effective LDI also requires ongoing risk management and reporting.
2) Modern portfolio theory that ignores liability risks, while LDI focuses on optimizing relative to liability benchmarks and measuring inter-temporal risk relative to liabilities.
3) The impact of market conditions on LDI, as liability benchmarks outperform in down markets but market benchmarks work better in up markets, influencing sponsor preferences and contributions.
Securities are offered through Raymond James Financial Services, Inc., member FINRA/SIPC, an independent broker/dealer, and are not insured by FDIC, NCUA or any other financial institution insurance, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Raymond James is not affiliated with the financial institution or the investment company. Material prepared by Raymond James for use by its advisors.
Making The Most Of Retirement Assets 2008 Compliance Approvedguest3c7636
The document discusses considerations for retirement assets and planning. It notes that social security provides 39% of retirement income for most people, while pensions provide 19% and personal savings 14%. Proper retirement planning requires determining retirement goals, taking inventory of current assets, and developing a long-term retirement plan that accounts for taxes, inflation, longevity risks, and market volatility. The document emphasizes starting retirement planning early and contributing consistently to retirement funds over a long period.
Venture capital provides long-term funding for growing companies in exchange for equity. Venture capitalists seek high-growth companies led by experienced management teams. To attract venture capital, a business plan must demonstrate a large market opportunity, competitive advantage, strong financial projections, and validation. Raising venture capital is a selective process that can take several months and requires understanding the investors' evaluation criteria.
Pre-crisis perspective. Now more than ever it has relevance with the emergence of "Vulture" Hedge Funds (VHF). The VHFs are an important part of the "ecosystem", to achieve a true market equilibrium, unhampered by 'subsidies'.
Exhibit h.4d atrs 1302 investment - franklin park internationalFPLLC
The document is an investor presentation for Franklin Park International Fund 2010 from April 2010. It provides an executive summary that the fund is targeting $100 million with a maximum of $200 million to build a diversified portfolio of private equity funds investing in emerging markets like Africa, India, Central and Eastern Europe, and Latin America. The strategy is to offer Franklin Park's retainer advisory clients allocation to the fund-of-funds with no management fees or carry, and partnership expenses to be paid pro rata by limited partners.
- Genworth's U.S. mortgage insurance portfolio has a lower risk profile than industry peers based on factors like FICO scores, loan-to-value ratios, and product types.
- Default rates are increasing across all vintages and risk segments but remain below industry levels, with 2007 defaults lowest and 2005/2004 highest.
- Fixed rate loans and those with higher FICO scores are performing better than adjustable rate loans and those with lower FICO scores and higher LTV ratios.
- Management is navigating challenging market conditions through prudent risk and pricing actions while still achieving growth in premiums and maintaining a lower loss ratio than peers.
- Genworth's U.S. mortgage insurance portfolio has a lower risk profile than industry peers based on factors such as lower concentrations of loans with FICO scores < 620, interest-only loans, and loans in California and Florida.
- Genworth's delinquency and default rates are lower than industry rates across vintages from 2004 to 2007, with the exception of some higher default rates in the 2007 policy year, which is still early.
- Within Genworth's portfolio, delinquency and default rates increase as FICO scores decrease, and are higher for adjustable rate mortgages, loans with loan-to-value ratios over 95%, and Alt-A loans.
Considerations for a sustainable corporate venture program by Robert Ackerma...the Hartsook Letter
Reputation is Key to the Success/Failure of a CVC Program
* Corporate Venturing is Here to Stay
* Increased Scrutiny Requires Deliberate Steps
* Model will Evolve Based on Lessons Learned
* Working with the Venture Community is Critical
* Every Transaction, Every Engagement, Every Partnership contributes to the Corporate Reputation
EverBank is a large, stable bank that offers a variety of banking, lending, and investing products and services. It has experienced strong growth and received high ratings for its financial strength. EverBank provides retail lending representatives with operational support through dedicated teams, a loan origination system, marketing materials, and a competitive benefits package including health insurance and retirement plans. The document promotes EverBank as an attractive place for lending professionals to build their business and careers.
20120930 Point Guard Capital Technical Chart Bookchviid
This technical chart book from Point Guard Capital provides 1-year daily and 3-year weekly charts of various market proxies to illustrate recent trends in equities, debt, commodities, and currencies. The charts are intended to show proxies for different asset class betas and typical "fear gauges." Disclosures note that none of the product sponsors, data providers, or index providers make any warranties regarding the data and shall have no liability.
The document discusses the history and challenges facing stable value funds, which are a popular low-risk investment option in defined contribution plans. It outlines changes in money market fund rules that impact stable value funds. The document analyzes replacement options for stable value funds like money market funds, ultra-short term bonds, and short-term government bonds. It provides characteristics of these replacement options and how they differ from stable value funds in terms of risk, return potential, and regulation.
GVM Managed Volatility Fund Presentationin2options
The GVM Managed Volatility Fund seeks long-term capital growth while aiming to capture more upside than downside over market cycles through a combination of an ETF portfolio and a proprietary hedging program. The fund manager believes paying for constant hedging is expensive and instead only hedges when risk is high. The hedging activities are determined by analyzing market trends and indicators. The fund offers multiple share classes with different fee structures.
For more information contact: emailus@marcusevans.com
Roger Gray, the Chief Investment Officer at USS Ltd. shared his presentation entitled "Implementing a Long-Term Investment Philosophy" at the European Pensions and Investment Summit.
Join the 2015 Summit along with leading regional pension investors and global asset managers in an intimate environment for a focused discussion of key new drivers shaping institutional investment strategies today.
For more information contact: emailus@marcusevans.com
Mezzanine finance is medium risk, medium return debt capital that is typically used to finance ownership successions, management buyouts, and growth capital. It has flexible structures like subordinated debt combined with equity warrants. Mezzanine lenders seek management teams with experience and clear business strategies, and look for proprietary advantages, measurable milestones, and alignment of interests between investors and management. Total returns for mezzanine investors typically target 20-25% through both interest payments and equity participation.
EverBank is a stable and growing financial institution that offers banking, lending, and investing services. It has experienced strong growth even during recent economic volatility due to its diversified business model and risk management practices. EverBank provides a range of banking products including deposit accounts, foreign currency accounts, mortgage lending, and wealth management services through subsidiaries. It is focused on meeting customer needs through a comprehensive suite of products and services.
The document discusses the principles of structured investing based on decades of financial market data and Nobel Prize-winning research. It advocates taking a structured approach that does not try to beat the market through timing but rather captures market returns through broad diversification. The approach focuses on investing in stocks, emphasizing small companies and value stocks, as academic research has found these risks are worth taking for higher expected returns over the long term. While these risks may increase short-term volatility, long-term data demonstrates that stocks have significantly outperformed other asset classes like bonds.