-
In many ways, managing a property for a real estate fund is just like managing property for any other owner. The real estate fund manager needs to have a clear understanding of the fund's goals and objectives for the property and its ability to provide cash for the property's operations, planned renovations or correction of deferred maintenance. Allocating funding for tenant improvement costs or leasing commission expenses is essential as is having an exit strategy for the property. The fund manager serves as the general partner or managing member of the fund and makes all investment decisions on its behalf. Understanding how real estate funds are structured and how they seek to execute their investment strategies for their investors can help the real estate manager provide excellent se...
-
Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) transferred rulemaking authority for a number of consumer financial protection laws from seven Federal agencies to the Bureau of Consumer Financial Protection (Bureau) as of July 21, 2011. The Bureau is in the process of republishing the regulations implementing those laws with technical and conforming changes to reflect the transfer of authority and certain other changes made by the Dodd-Frank Act. In light of the transfer of the Board of Governors of the Federal Reserve System's (Board's) rulemaking authority for the Electronic Fund Transfer Act (EFTA) to the Bureau, the Bureau is publishing for public comment an interim final rule establishing a new Regulation E (Electronic Fund Transfers). This...
-
(Slip Opinion) OCTOBER TERM, 2010 NOTE: Where it is feasible, a syllabus (headnote) will be released, as isbeing done in connection with this case, at...
-
-
Article by Eric Fischer , Jackson Galloway and Elizabeth Shea Fries On June 22, 2011, the SEC issued an order (the "SEC Order") settling administ...
-
The primary missions of network members may be in areas such as human rights or health care, but all see improving the lives of women and girls as a key strategy in their overall agenda for social change, Richardson said. Women's Fund of Central Indiana Purpose: special interest fund of Central Indiana Community Foundation that supports programs for women and girls Address: 615 N. Alabama St. Grants in 2009: $352,500 Established: 1994 Total endowment: $11.6 million Unrestricted endowment: $9.2 million Director:
-
NEW YORK (Reuters) - Star commodity hedge fund managersaid on Thursday [Sept. 15] he will start trading full-time again at his eponymous flagship fund to try and save it from its first-ever annual loss.
Mr. Touradji will drop responsibility for day-to-day management at his New York-basedto fully focus on trading, he said in a letter to investors that was obtained by Reuters. The move was first reported by The Wall Street Journal.
-
This paper analyzes the relevance of a set of some performance measures for optimal portfolios including hedge funds. Four criteria are considered: the Sharpe Ratio, the Returns on VaR and on CVaR, and the Omega performance measure. The results are illustrated by an allocation on several indices: HFR (Global Hedge Fund Index), JPM Government Bond Index, S&P GSCI, MSCI World and the UBS Global Convertible. Both static and dynamic optimizations are considered. Due to the non-convexity of some of the criteria, we use the "threshold accepting algorithm" to solve numerically the optimization problems. The time period of the analysis is September 1997 to August 2007. Our results suggest that, for the dynamic optimization, the portfolio which maximizes the Omega measure has the more stable...
-
The International Monetary Fund (IMF) and the World Bank are two supranational institutions with mandates to help resolve economic crises and to foster economic development. From their creation in 1945 with a membership of 45 countries, these institutions have grown to over 180 member countries; but they have the same clients, provide a similar service - conditional loans, and are subject to similar criticisms regarding adherence to what has been labeled as the Washington consensus. The objectives of this paper are to (i) review relevant research regarding the debate of whether the Bretton Woods institutions are part of the problem or part of the solution; (ii) evaluate the debate employing a political economy perspective; and (iii) assess recent reforms at both institutions as the worl...
-
This paper deeply examines the difference between traditional and absolute return hedge funds. It also described the development and characteristic of hedge funds as well as the different types of hedge fund investments. In addition, it also surveys some of the pitfalls that investors face when they try to make investment decisions using hedge fund data from commercial sources. Although hedge funds are often branded as a separate asset class, a point can be made that hedge fund managers are simply asset managers utilizing other strategies than those used by relative return (long-only) managers. The major difference between the two is the definition of their return objective: Hedge funds aim for absolute returns by balancing investment opportunities and risk of financial loss. Long-only ...