Mutual Fund penetration in Rural India What are Mutual Funds? A mutual fund is just the connecting bridge or a financial intermediary that allows a group of investors to pool their money together with a predetermined investment objective. The mutual fund will have a fund manager who is responsible for investing the gathered money into specific securities (stocks or bonds). When you invest in a mutual fund, you are buying units or portions of the mutual fund and thus on investing becomes a shareholder
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................... 1 INTRODUCING HEDGE FUNDS ............................................................................................................................................ 2 ORIGINS OF HEDGE FUNDS .................................................................................................................................................. 3 STRUCTURES OF HEDGE FUNDS ..........................................
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The Nikkei 225 Reconstitution The objective of this case is to understand the effects of demand on security prices, and to understand the role of price impact on trading decisions 1. As a portfolio manager for the UNIL Advisors Nikkei 225 Index fund, which has ¥100 billion of assets linked to Nikkei 225 index, what would you do when you hear the news of index reconstitution? 2. What would you do if, instead, you were at the proprietary trading desk of Goldman Sacs? Strategic Capital Management
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mutual percent of equity mutual funds outperformed suggests that you study the graph inconsistent with market efficiency description of the common stock special preference in either dividends graph for mutual fund investors dividends or in bankruptcy less of par value percent of equity mutual funds outperformed the Vanguard 500. Dan suggests that you study the graph and answer the following questions: 1. What implications do you draw from the graph for mutual fund investors? 2. Is the graph consistent
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| 19 | Executive Summary: The purpose of the report is to do an in-depth investigation, study and analysis on alternative investments. From the various alternative investments, our team of analyst chose commodities, variable annuities and hedge funds as our subject of interest for the study. Each financial product has its own aims as to cater to the different investment goals to meet the needs of investors. Thus, just by looking at the basis on expensiveness and tax-efficiency, and then from
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MP = ((shares * price) + T-Bills) – (shares * price)) / (shares borrowed * price) 3. Net Asset Value. NAV = (market value of assets – fund liabilities) / # of shares outstanding. 4. Return on a Mutual Fund. ($1 * (1-load)) * (1+(r-f)) r = return on fund f = fees. load = front-end load for A share; otherwise load = 0. 5. One Risky Asset and One Risk-Free Asset. E(rc) = rf + y * (E(rp) -- rf). σc = y * σp. 6. Optimal
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Martingale Asset Management LP in 2008, 130/30 Funds, and a Low-Volatility Strategy Martingale is a Boston based investment management firm founded in 1987. It is one of the first firms offering short extension fund. This case is about a strategy that William Jacques came up and wanted to discuss it with his other founder partners. Jacques wanted to discuss the development of the minimum variance strategy based on the 130/30 funds strategy. Also known as the short extension strategy, the 130/30
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9-202-024 REV: APRIL 8, 2002 MARK MITCHELL TODD PULVINO ERIK STAFFORD Strategic Capital Management, LLC (A) On December 9, 1998, Elena King contemplated her first investment as a hedge fund manager. In only a few months, Elena had raised $20 million for her new fund, Strategic Capital Management, and was looking forward to putting the money to work. Based on recent comments by high-profile analysts such as Henry Blodgett of Merrill Lynch and Mary Meeker of Morgan Stanley, Elena thought that
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Hedge Funds: A liability for the economy? Sander van Bentum 362107 Max Wielitsch 385533 Dhr. B. Tims 17-10-2013 Table of Contents Introduction 3 Risks for the investors 4 The creation of risks to financial institutions 5 The excess volatility risk 6 Transparency 6 Unlevel playing field 7 Hedge funds and financial bubbles 7 The role of hedge funds in crises 8 Conclusion 10 Bibliografy 10 Introduction Everybody that is somewhat involved with finance has probably
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a lower euro return for the investor b. The investor should take a short position in the $/€ forward contract. He expects the euro the depreciate, so taking a short position will - in case of a depreciation - result in a profit. This way he hedges his investment in the US equities and is protected if a depreciation occurs. c. To find out what the arbitrage-free forward price is, we perform a replicating strategy: * Buy $ today €1M x $1.35/€ x exp(-1%) = $1,337M * Borrow present
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