Financial Institutions Topical Research Series. Alternative Investments: The Broad Set of Investments Beyond Public Securities. (Table of Contents)

Size: px
Start display at page:

Download "Financial Institutions Topical Research Series. Alternative Investments: The Broad Set of Investments Beyond Public Securities. (Table of Contents)"

Transcription

1 Financial Institutions Topical Research Series Alternative Investments: The Broad Set of Investments Beyond Public Securities (Table of Contents) April 26, 2017

2 TABLE OF CONTENTS Evolution of the Alternative Investments Industry Key Driving Factors... Less Certain Traditional Securities Markets... Higher Correlations Between Traditional Investments... Market History... Early Phase... Middle Phase... Recent Phase... Market Definition... Financial Alternative Investments... Hedge Funds... Venture Capital & Private Equity... Real Estate... Other Financial Alternative Investments... Old-Line Limited Partnerships... Stock Market & Individual Stock Options... Structured Debt... Treasury Inflation Protected Securities (TIPS)... Bank Loan Funds... Catastrophe Bonds... Stable Value & Principal Protected Funds... Structured Settlements... Commodity & Financial Futures... Liquid Alternatives... Non-Financial Alternative Investments... Precious Metals (Gold, Silver, & Platinum)... Diamonds... Commodities & Managed Futures... Industrial Metals... Oil & Energy Properties... Coins & Stamps... Jewelry & Watches... Fine Art, Antiques, & Collectibles... Baseball Cards & Sports Memorabilia... Comic Books... Antique & Racing Cars... Wine Investments... Scotch... Marijuana & Other Drugs... Sports Teams... Other Non-Financial Alternative Investments Financial Services Firms... Alternative Investment Funds... Employees... Clients Net New Accounts Alternative Investments 2

3 Assets Under Management... Net Flows... Revenues... Net Profits... Leading Alternative Investment Companies... Alternative Investment Funds... Employees... Clients Net New Accounts... Assets Under Management... Net Flows... Revenues... Net Profits... Market Segmentation Financial Alternative Investments... Hedge Funds... Evolution of the Hedge Fund Business... Key Driving Factors... Market History... Market Definition... Leading Hedge Fund Managers... Product Structures Segmentation... Hedge Funds... United States Hedge Funds... Non- United States Hedge Funds... Hedge Funds-of-Funds... Markets & Distribution Channels... United States High Net Worth Consumers... Non-United States High Net Worth Consumers... Endowments & Foundations... Defined Benefit Plans & Defined Contribution Plans... Future Predictions for the Hedge Funds Business... Continual Hedge Fund Market Growth... Continual Mixed Hedge Fund Returns & Casualties... Industry Maturization & Distancing of the Leaders... Consolidation of the Hedge Funds Business... Venture Capital & Private Equity... Evolution of the Venture Capital & Private Equity Businesses... Market History... Market Definition... Leading Venture Capital & Private Equity Firms... Market Segmentation... Venture Capital... Private Equity... Mezzanine Finance... Markets & Distribution Channels... Direct Distribution Alternative Investments 3

4 Financial Advisor Markets... Institutional Markets... International Markets... Future Predictions for the Venture Capital & Private Equity Business... Impressive Industry Growth... Evolving Markets & Distribution Channels... New Fund Structures... Rise of Compliance Issues... Evolving Investments... Early Signs of Bifurcation... Real Estate... Evolution of The Real Estate Investments Business... Market History... Market Definition... Leading Real Estate Investment Product Companies... Market Segmentation... Pooled Partnerships... REITs... Mortgage Backed Securities... Direct... Mutual Funds... Product Segmentation... Traditional Real Estate... Timberland... Farmland... Energy Property Investments... Markets & Distribution Channels... Direct Distribution... Financial Advisor Markets... Institutional Markets... International Markets... Future Predictions for the Real Estate Investments Business... Stagnant Growth in the Real Estate Investments Business... Growth in All Types of Real Estate Investments... Emerging Market Opportunities... Other Financial Alternative Investments... Evolution of Financial Alternative Investments Business... Market History... Market Definition... Leading Financial Alternative Investments Firms... Market Segmentation... Old-Line Limited Partnerships... Stock Market & Individual Stock Options... Foreign Exchange Currencies... Structured Debt... Treasury Inflation Protection Securities (TIPS)... Bank Loan Funds... Catastrophe Bonds... Stable Value & Principal Protected Funds Alternative Investments 4

5 Structured Settlements... Commodity & Financial Futures... Markets & Distribution Channels... Direct Distribution... Financial Advisor Markets... Institutional Markets.... International Markets... Future Predictions for Financial Alternative Investments Business... Other Financial Alternative Investments will Grow in Popularity... Emergence of Bitcoin... Growth of Stock Options & Financial Futures... Growth of Stable Value Funds... Institutionalization of Other Financial Alternative Investments Business... Liquid Alternatives... Context Setting... Point #1... Point #2... Market History... Emergence Phase... Middle Phase... Retrenchment Phase Managers Accounts... Net New Leading Liquid Alternatives Managers Accounts... Net New Product Structures... Open-End Mutual Funds... Exchange Traded Funds (ETFs)... Investment Strategies... Nontraditional Bond... Market Growth... Managers Alternative Investments 5

6 Leading Global Non-Traditional Bond Managers... Market Segments... Segment One... Segment Two... Long/Short Equity... Market Growth... Managers... Leading Long/Short Equity Managers... Market Segments... Segment One... Segment Two... Market Neutral... Market Growth... Managers Alternative Investments 6

7 Leading Market Neutral Managers... Market Segments... Segment One... Segment Two... Managed Futures... Market Growth... Managers... Leading Managed Futures Managers... Market Segments... Segment One... Segment Two... Liquid Alternatives Markets & Distribution Channels... United States High Net Worth Consumers... Clients... Accounts... Assets Under Management Alternative Investments 7

8 Net Flows... Market Segments... Family Offices... Private Banks... Full-Service Brokerage Firms... Independent Financial Advisors... Other Financial Advisors... Non-United States High Net Worth Consumers... Clients... Accounts Alternative Investments 8

9 ... Assets Under Management... Net Flows... Market Segments... English Speaking Countries Markets... Europe, Middle East, & Africa Markets... Asia Pacific Markets... Latin America Markets... Offshore Markets... Endowments & Foundations Alternative Investments 9

10 Clients... Accounts Assets Under Management... Net Flows... Market Segments... Endowments... Product Usage... Foundations... Product Usage... Defined Benefit Plans & Defined Contribution Plans... Clients... Accounts Assets Under Management... Net Flows... Market Segments... Defined Benefit Plans... Defined Contribution Plans... Liquid Alternatives Future Predictions... Steady Market Growth... Managers... Liquid Alternative Funds... Employees... Clients... Accounts Assets Under Management... Net Flows... Revenues Growing Domination of Absolute Return Strategies Alternative Investments 10

11 Market Growth Factors by Style... Managers by Style... Growing Opportunities in Defined Contribution Plans... Market Growth Factors by Markets & Distribution Channels... Managers by Markets & Distribution Channels... Future Predictions for Financial Alternative Investments... Prediction #1... Prediction #1... Non-Financial Alternative Investments... Evolution of Non-Financial Alternative Investments Business... Market History... Market Definition... Leading Other Non-Financial Alternative Investments Firms... Market Segmentation... Precious Metals (Gold, Silver, & Platinum)... Diamonds... Commodities & Managed Futures... Industrial Metals... Oil & Energy Properties... Coins & Stamps... Jewelry & Watches... Fine Art, Antiques, & Collectibles... Baseball Cards & Sports Memorabilia... Comic Books... Antique & Racing Cars... Wine Investments... Scotch... Marijuana & Other Drugs... Sports Teams... Other Non-Financial Alternative Investments... Markets & Distribution Channels... Direct Distribution... Financial Advisor Markets... Institutional Markets.... International Markets... Future Predictions for Non-Financial Alternative Investments Business... Solid Market Growth... Maturation of the Industry... Markets & Distribution Channels Direct Distribution... Discount & Online Banking Firms... Online Advice Firms... Financial Advisor Markets... Market & Distribution Channel #1... Market & Distribution Channel #2... Institutional Markets... Defined Benefit Plans... Defined Contribution Plans... Endowments & Foundations Alternative Investments 11

12 Sovereign Wealth Funds... International Markets... English Speaking Countries... Europe, Middle East, & Africa... Asia Pacific... Latin America... Offshore Markets... Future Predictions for the Alternative Investments Industry Steady Growth of Alternative Investments... Sub-Prediction One... Sub-Prediction Two... Emergence of Venture Capital & Private Equity as Retail Product... Sub-Prediction One... Sub-Prediction Two... More Formalization of Non-Financial Alternative Investments Businesses... Sub-Prediction One... Sub-Prediction Two Alternative Investments 12

Products & Services Research Report Series. Investable Assets: Mutual Funds Still Dominating the Business

Products & Services Research Report Series. Investable Assets: Mutual Funds Still Dominating the Business Products & Services Research Report Series Investable Assets: Mutual Funds Still Dominating the Business April 2011 TABLE OF CONTENTS INTRODUCTION, KEY FINDINGS, & EXECUTIVE SUMMARY...24 EVOLUTION OF THE

More information

Financial Institutions Topical Research Series

Financial Institutions Topical Research Series Financial Institutions Topical Research Series Discount & Online Brokerage Firms: Four Leading Discount Brokerage Firms Expanding their Business Models (Table of Contents) November 29, 2017 TABLE OF CONTENTS

More information

Future of Advice Research Report Series. The Future of Advice: Defining the Winning Product, Channel, & Tactical Strategies

Future of Advice Research Report Series. The Future of Advice: Defining the Winning Product, Channel, & Tactical Strategies Future of Advice Research Report Series The Future of Advice: Defining the Winning Product, Channel, & Tactical Strategies January 2011 TABLE OF CONTENTS INTRODUCTION, KEY FINDINGS, & EXECUTIVE SUMMARY...55

More information

Hedge Funds and Alternative Investments

Hedge Funds and Alternative Investments Hedge Funds and Alternative Investments A Two Day course This course can also be presented in-house for your company or via live on-line webinar The Banking and Corporate Finance Training Specialist Course

More information

Products & Services Research Report Series. State of the Financial Products & Services Businesses: Rapid Evolution in Progress

Products & Services Research Report Series. State of the Financial Products & Services Businesses: Rapid Evolution in Progress Products & Services Research Report Series State of the Financial Products & Services Businesses: Rapid Evolution in Progress November 2010 TABLE OF CONTENTS INTRODUCTION, KEY FINDINGS, & EXECUTIVE SUMMARY...36

More information

Products & Services Research Report Series. An Initial Overview of Impact Investing: Doing Well by Doing Good

Products & Services Research Report Series. An Initial Overview of Impact Investing: Doing Well by Doing Good Products & Services Research Report Series An Initial Overview of Impact Investing: Doing Well by Doing Good August 2010 TABLE OF CONTENTS INTRODUCTION, KEY FINDINGS, & EXECUTIVE SUMMARY...7 A SYNOPSIS

More information

Introduction to Alternate Investments CHAPTER 1

Introduction to Alternate Investments CHAPTER 1 Introduction to Alternate Investments CHAPTER 1 Concept of Alternative Investments Alternative Investment Types Contrast Alternative and Traditional Investments Role of Alternative Investment in Strategic

More information

Exchange Traded Funds (ETFs): The New Packaged Product of Choice

Exchange Traded Funds (ETFs): The New Packaged Product of Choice Financial Institutions Profiles Series Exchange Traded Funds (ETFs): The New Packaged Product of Choice (Table of Contents) April 20, 2017 TABLE OF CONTENTS Evolution of the Exchange Traded Funds (ETFs)

More information

Estate Planning: Leveraging Wills, Trusts, Donor Advised Funds, & Foundations to Transfer Assets & Values

Estate Planning: Leveraging Wills, Trusts, Donor Advised Funds, & Foundations to Transfer Assets & Values Financial Institutions Research Series Estate Planning: Leveraging Wills, Trusts, Donor Advised Funds, & Foundations to Transfer Assets & Values (Table of Contents) August 13, 2015 TABLE OF CONTENTS Evolution

More information

Leap Model Guide. Where Products Belong on the Leap Model. For use in the United States

Leap Model Guide. Where Products Belong on the Leap Model. For use in the United States Leap Model Guide Where Products Belong on the Leap Model For use in the United States PROTECTION COMPONENT P1 Vehicle Insurance ATV (All-Terrain Vehicle) Insurance Automobile Insurance Boat Insurance Gap

More information

Hedge Funds Demystified Glen Millar Director, Asset Management Audit & Compliance SA 6 November 2014

Hedge Funds Demystified Glen Millar Director, Asset Management Audit & Compliance SA 6 November 2014 Hedge Funds Demystified Glen Millar Director, Asset Management Audit & Compliance SA 6 November 2014 Hedge Funds Demystified 1. Background 2. What do they do? 3. How are they organised? 4. Risks & regulation

More information

Financial Institutions Topical Series

Financial Institutions Topical Series Financial Institutions Topical Series Financial Services Industry Current Valuations: Increasing Brokerage & Investment Management Firm Valuations (Table of Contents) August 24, 2017 TABLE OF CONTENTS

More information

2012 Alternative Investment Survey of U.S. Institutions and Financial Advisors

2012 Alternative Investment Survey of U.S. Institutions and Financial Advisors Morningstar and Barron s 1 2012 Alternative Investment Survey of U.S. Institutions and Financial Advisors June 2013 2012 Survey Overview 2 3 Survey aims to capture trends in alternative investing among

More information

Scheduled Personal Property

Scheduled Personal Property CONNECTIONS HOME Scheduled Personal Property Gratitude for what you have begins with always having it. Why schedule your personal property? According to findings from a 2011 National Crime Victimization

More information

A Guide to ALTERNATIVE INVESTMENTS

A Guide to ALTERNATIVE INVESTMENTS A Guide to ALTERNATIVE INVESTMENTS W W W. E N T E R P R I S E U K. C O. U K 2 CONTENTS I. What is an alternative investment?... 3 II. Why do we need them?... 5 III. Types of Alternatives Institutional

More information

Coastal Bend College Summary of Investments

Coastal Bend College Summary of Investments 1 Coastal Bend College Summary of Investments 2/29/2016 2/29/2016 Book Value Market Value Equity Securities: U.S. Common Stock Equity Mutual Funds Other Equity Securities (list) Total Equities Other Investments:

More information

BancAnalysts Association of Boston 31 st Annual Bank Conference: Operating in a Suboptimal Environment

BancAnalysts Association of Boston 31 st Annual Bank Conference: Operating in a Suboptimal Environment N O R T H E R N T R U S T C O R P O R A T I O N Service Expertise Integrity BancAnalysts Association of Boston 31 st Annual Bank Conference: Operating in a Suboptimal Environment Michael G. O Grady Executive

More information

Enhancement of Mutual Fund Category Classification Standards

Enhancement of Mutual Fund Category Classification Standards Enhancement of Mutual Fund Category Classification Standards Morningstar (China) Research Center April 2016 1 In March 2004, Morningstar introduced the category classification methodology for Chinese mutual

More information

White Paper Alternative Asset Classes: An Introduction

White Paper Alternative Asset Classes: An Introduction White Paper Alternative Asset Classes: An Introduction www.selectportfolio.com Toll Free 800.445.9822 Tel 949.975.7900 Fax 949.900.8181 Securities offered through Securities Equity Group Member FINRA,

More information

Alternative Asset Classes: An Introduction

Alternative Asset Classes: An Introduction Van Pearcy, MBA, RFC Branch Manager & Financial Advisor 2020 West Cuthbert Avenue Midland, TX 79701-5728 432-683-0000 800-575-9220 van.pearcy@raymondjames.com www.vanpearcy.com Alternative Asset Classes:

More information

MASTERCARD PLATINUM CARDS SINGAPORE. EFFECTIVE DATE OF COVER 1 August 2016 SUMMARY OF COVER

MASTERCARD PLATINUM CARDS SINGAPORE. EFFECTIVE DATE OF COVER 1 August 2016 SUMMARY OF COVER Insurance Coverage MASTERCARD PLATINUM CARDS SINGAPORE EFFECTIVE DATE OF COVER 1 August 2016 SUMMARY OF COVER Maximum Benefit Amount (USD) E-Commerce Purchase Protection Per Occurrence: 200 Annual Aggregate:

More information

take your ira in a new direction yours

take your ira in a new direction yours take your ira in a new direction yours Self-Directed IRAs: A New World of Investment Opportunities Have you thought about a self-directed IRA as your retirement strategy? Do you know what this is? Many

More information

BlackRock U.S. ETP Landscape

BlackRock U.S. ETP Landscape BlackRock U.S. ETP Landscape May 2017 The opinions expressed are as of May 31, 2017 and may change as subsequent conditions vary. Summary U.S. ETP flows of $28.4bn during May push assets closer to $3 trillion

More information

ETFS Precious Metals Basket Trust 2015 Grantor Trust Tax Reporting Statement EIN: CUSIP: 26922W 109 Ticker: GLTR

ETFS Precious Metals Basket Trust 2015 Grantor Trust Tax Reporting Statement EIN: CUSIP: 26922W 109 Ticker: GLTR ETFS Precious Metals Basket Trust 2015 Grantor Trust Tax Reporting Statement EIN: 27-2780294 CUSIP: 26922W 109 Ticker: GLTR The following information is being provided to assist holders of the ETFS Precious

More information

Are you better off with commission-free ETFs?

Are you better off with commission-free ETFs? Are you better off with commission-free ETFs? James DiLellio, PhD Pepperdine University Phil Goldfeder, PhD Northwestern University Introduction Competition amongst discount brokers continues to reduce

More information

Saving and Investing. Your Money at Work

Saving and Investing. Your Money at Work Saving and Investing Your Money at Work Savings vs. Investing SAVINGS Savings is usually money you set aside for short-term goals. Money in savings may be invested later. Money in savings is very safe.

More information

PROTECTING YOUR PORTFOLIO FROM INFLATION KEITH BLACK, PHD, CFA, CAIA SHOWCASE YOUR KNOWLEDGE

PROTECTING YOUR PORTFOLIO FROM INFLATION KEITH BLACK, PHD, CFA, CAIA SHOWCASE YOUR KNOWLEDGE PROTECTING YOUR PORTFOLIO FROM INFLATION KEITH BLACK, PHD, CFA, CAIA SHOWCASE YOUR KNOWLEDGE THE CAIA PROGRAM The Chartered Alternative Investment Analyst (CAIA) curriculum covers the following topics:

More information

Asset Allocation Guide Combination Portfolios

Asset Allocation Guide Combination Portfolios Asset Allocation Guide Combination Portfolios LPL Financial Research As of May 20, 2016 Aggressive Growth Cash Equities Nontraditional Mid Value Diversified 3.0 25.0 25.0 5.0 5.0 5.0 5.0 3.0 9.0 15.0 Diversified

More information

An Introduction to Dynamic Overlay

An Introduction to Dynamic Overlay Tactical investment strategy striving to preserve and grow client wealth An Introduction to Dynamic Overlay www.mrminv.com 12444 Powerscourt Drive Suite 350, St. Louis, MO 63131 1-(800) 233-1944 Q4 2018

More information

Financial Institutions Topical Series

Financial Institutions Topical Series Financial Institutions Topical Series Insurance Agencies, Brokers, & Producer Groups: Life & Health and Property & Casualty Agents All Pushing into Wealth Management (Table of Contents) December 12, 2012

More information

Security Storage & Trade of Physical Precious Metals

Security Storage & Trade of Physical Precious Metals 3 Security Storage & Trade of Physical Precious Metals Gold - Silver - Platinum - Palladium4 Why do HNWIs like physical gold & silver? Securing wealth on the long term Little confidence in the banking

More information

The Hartford Target Retirement Funds

The Hartford Target Retirement Funds The Hartford Target Retirement Funds Sub-advised by Hartford Investment Management 2011 First Quarter Review Economic Review Asset Class Highlights Outlook Performance Review Economic Review Despite substantial

More information

Exchange-Traded Products

Exchange-Traded Products ...the marketplace has seen steadily with an accelerating growth rate in Exchange-Traded Products Emerging as an Increasingly Important Global Asset Class Jeffrey McCarthy Global ETF Product Head Global

More information

Physical Precious Metals and the Individual Investor

Physical Precious Metals and the Individual Investor 2 6 8 9 Physical Precious Metals and the Individual Investor Physical precious metals gold, silver, platinum and palladium are well known for their historical use as a medium of exchange, a component in

More information

Financial Institutions Topical Series

Financial Institutions Topical Series Financial Institutions Topical Series Institutional Markets: Opportunities in Retirement Plans, Endowments & Foundations, & Other Institutional Markets (Table of Contents) January 7, 2015 TABLE OF CONTENTS

More information

Board Oversight of Alternative Mutual Funds. Presentation to the Mutual Funds Directors Forum Benjamin J. Haskin May 21, 2013

Board Oversight of Alternative Mutual Funds. Presentation to the Mutual Funds Directors Forum Benjamin J. Haskin May 21, 2013 Board Oversight of Alternative Mutual Funds Presentation to the Mutual Funds Directors Forum Benjamin J. Haskin May 21, 2013 Overview of Alternative Funds What are Alternative Funds? Types of Alternative

More information

ETF Securities (HK) Limited HSBC Institutional Trust Services (Asia) Limited

ETF Securities (HK) Limited HSBC Institutional Trust Services (Asia) Limited PRODUCT KEY FACTS ETFS Physical Silver ETF 23 November 2012 This is an exchange traded fund. This statement provides you with key information about this product. This statement is a part of the offering

More information

AMENDMENTS TO NATIONAL INSTRUMENT INVESTMENT FUNDS. 1. National Instrument Investment Funds is amended by this Instrument.

AMENDMENTS TO NATIONAL INSTRUMENT INVESTMENT FUNDS. 1. National Instrument Investment Funds is amended by this Instrument. AMENDMENTS TO NATIONAL INSTRUMENT 81-102 INVESTMENT FUNDS 1. National Instrument 81-102 Investment Funds is amended by this Instrument. 2. Section 1.1 is amended (a) by repealing the definition of acceptable

More information

Financial Institutions Topical Research Series

Financial Institutions Topical Research Series Financial Institutions Topical Research Series Financial Services Industry Investment Opportunities: Venture Capital, Public Offerings, Public Stocks, & Private Equity Trends (Table of Contents) August

More information

Self-Directed IRA Rules and Regulations. Your Blueprint for Building Continued Success

Self-Directed IRA Rules and Regulations. Your Blueprint for Building Continued Success Self-Directed IRA Rules and Regulations Your Blueprint for Building Continued Success Knowing the Rules is the Foundation for Success While a self-directed IRA offers nearly limitless investment options,

More information

Home Storage IRA Facts

Home Storage IRA Facts Home Storage IRA Facts Los Angeles (February 19, 2015 12:31 PM PST) Home Storage Gold IRAs are now accessible to the average American investor, and with this, myths and misinformation have also developed

More information

Official Journal of the European Union L 83/71

Official Journal of the European Union L 83/71 22.3.2013 Official Journal of the European Union L 83/71 ANNEX IV Reporting Templates: AIFM (Articles 3(3)(d) and 24 of Directive 2011/61/EU) AIFM-specific information to be reported (Articles 3(3)(d)

More information

Enhancement of Mutual Fund Category Classification Standards

Enhancement of Mutual Fund Category Classification Standards Enhancement of Mutual Fund Category Classification Standards Morningstar (China) Research Center Oct 2018 1 In March 2004, Morningstar introduced the category classification methodology for Chinese mutual

More information

ALTERNATIVE INVESTMENTS

ALTERNATIVE INVESTMENTS ALTERNATIVE INVESTMENTS 1 F.I = Fixed Income PE = Private Equity RE = Real Estate VC = Venture Capital LBO = Leverage Buyout ABS = Asset Backed Securities AIs = Alternative Investments MBS = Mortgage Backed

More information

Asset Allocation and Fund Performance of U.S. Defined Benefit Pension Plans ( )

Asset Allocation and Fund Performance of U.S. Defined Benefit Pension Plans ( ) Asset Allocation and Fund Performance of U.S. Defined Benefit Pension Plans (1998-2011) Alexander D. Beath, PhD Senior Research Analyst CEM Benchmarking About CEM Benchmarking Client base of over 500 large

More information

OPPORTUNITIES OR THREATS TO THE UNIT TRUST INDUSTRY?

OPPORTUNITIES OR THREATS TO THE UNIT TRUST INDUSTRY? BY DINESH VIRIK, Executive Director & PRETTA MEHROTRA, Head of Research, Perkasa Mormandy Advisers Sdn Bhd THE PROLIFERATION OF ALTERNATIVE INVESTMENT PRODUCTS - Dinesh Virik Pretta Mehrotra OPPORTUNITIES

More information

A-Mark Precious Metals Reports Fiscal First Quarter 2019 Results. November 8, :05 PM ET

A-Mark Precious Metals Reports Fiscal First Quarter 2019 Results. November 8, :05 PM ET A-Mark Precious Metals Reports Fiscal First Quarter 2019 Results November 8, 4:05 PM ET EL SEGUNDO, Calif., Nov. 08, (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading full-service

More information

2. Investment Policies I. DEFINITIONS

2. Investment Policies I. DEFINITIONS 2. Investment Policies I. DEFINITIONS PURPOSE The purpose of this Investment Policy Statement is to establish a clear understanding of the philosophy and the investment objectives for The University at

More information

University Funds Investment Policy

University Funds Investment Policy Original Approval Date: January 29, 2010 Most Recent Approval Date: June 23, 2017 Most Recent Editorial Date: June 23, 2017 (Effective Date: July 1, 2017) University Funds Investment Policy Office of Accountability:

More information

Annex D-1 PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT INVESTMENT FUNDS

Annex D-1 PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT INVESTMENT FUNDS Annex D-1 PROPOSED AMENDMENTS TO NATIONAL INSTRUMENT 81-102 INVESTMENT FUNDS 1. National Instrument 81-102 Investment Funds is amended by this Instrument. 2. Section 1.1 is amended (a) by repealing the

More information

Overview of the Global Gold and Silver Markets

Overview of the Global Gold and Silver Markets Overview of the Global Gold and Silver Markets Philip Klapwijk Executive Chairman, GFMS Ltd. Lima, 18 th May 21 The GFMS Group s Unique Research Capabilities & Programme Large and experienced team of 25

More information

Market Update: Broad Market Returns and Indicators

Market Update: Broad Market Returns and Indicators Market Update Eckler Ltd. collects information directly from sources believed to be reliable. Eckler Ltd. does not guarantee or warrant the accuracy, timeliness, or completeness of the information either

More information

Module IV (Exam 3) - Investment Planning (IP)

Module IV (Exam 3) - Investment Planning (IP) Marks Category Module IV (Exam 3) - Investment Planning (IP) Exam 3 Topic List to the extent of 80% of Total Marks (150) i.e. 120 marks (30 marks reserved for the Module I Introduction to Financial Planning)

More information

National Conference 3 August 2015 Dr Doug Turek Managing Director

National Conference 3 August 2015 Dr Doug Turek Managing Director Investor and investment self-diagnosis National Conference 3 August 2015 Dr Doug Turek Managing Director About this presentation About Doug Turek This is general information not advice I don t know you

More information

BEFORE THE BOARD OF COMMISSIONERS OF LANE COUNTY, OREGON

BEFORE THE BOARD OF COMMISSIONERS OF LANE COUNTY, OREGON BEFORE THE BOARD OF COMMISSIONERS OF LANE COUNTY, OREGON ORDINANCE NO! 14-02 IN THE MATTER OF AMENDING CHAPTER 3 OF LANE CODE TO REMOVE THE T~RM "FIREARM" (LC 3.600) WHEREAS, certain changes to Lane Code

More information

Financial Institutions Research Series

Financial Institutions Research Series Financial Institutions Research Series Wealth Management Services: Capturing the Highlights of a Wide Variety of Other Financial Products & Services (Table of Contents) January 15, 2015 TABLE OF CONTENTS

More information

An Increasingly Attractive Global Secondary Opportunity D ECEMBER 2015 REAL ASSETS:

An Increasingly Attractive Global Secondary Opportunity D ECEMBER 2015 REAL ASSETS: An Increasingly Attractive Global Secondary Opportunity D ECEMBER 2015 REAL ASSETS: 2 HarbourVest Partners In recent years, global real assets sectors such as energy, power, infrastructure, and natural

More information

Fixed Income Investment

Fixed Income Investment Fixed Income Investment Session 1 April, 24 th, 2013 (Morning) Dr. Cesario Mateus www.cesariomateus.com c.mateus@greenwich.ac.uk cesariomateus@gmail.com 1 Lecture 1 1. A closer look at the different asset

More information

Connecticut Hedge Fund Association. Alternative Investment Institute

Connecticut Hedge Fund Association. Alternative Investment Institute Connecticut Hedge Fund Association Alternative Investment Institute Institutional Investor Survey Fall 2014 Fall 2014 Osman Kilic, Ph.D. Professor of Finance Director, Alternative Investment Institute

More information

IPE Awards 2018 Category Guidance

IPE Awards 2018 Category Guidance IPE Awards 2018 Category Guidance COUNTRY/REGIONAL AWARDS For your country or regional award, you should present a general, detailed overview of your recent activity in the past 12-15 months, focusing

More information

Credit Suisse Financial Services Conference

Credit Suisse Financial Services Conference Credit Suisse Financial Services Conference David H. Sidwell, Executive Vice President & Chief Financial Officer John A. Shapiro, Managing Director & Global Head of Commodities February 7, 2007 Notice

More information

Self-Directed IRAs: Knowing the Rules Helps Build the Foundation for Success

Self-Directed IRAs: Knowing the Rules Helps Build the Foundation for Success Self-Directed IRAs: Knowing the Rules Helps Build the Foundation for Success Knowing the Rules Helps Build the Foundation for Success While a self-directed IRA can be a vehicle for a variety of investment

More information

2017: Important Information for Individuals about Foreign Tax Paid

2017: Important Information for Individuals about Foreign Tax Paid IMPORTANT TAX INFORMATION 2017: Important Information for Individuals about Tax Paid The Fidelity funds listed below paid taxes outside the United States on income from foreign investments during 2017.

More information

WHY INVEST IN PRECIOUS METALS TODAY? FEBRUARY 2009

WHY INVEST IN PRECIOUS METALS TODAY? FEBRUARY 2009 WHY INVEST IN PRECIOUS METALS TODAY? FEBRUARY 2009 WHERE WE ARE TODAY Contraction of bank lending Excessive leverage Forced unwinding has pushed many asset prices below their fundamental values Repatriation

More information

MASTERCARD THAILAND PLATINUM CREDIT and DEBIT CARDS. EFFECTIVE DATE OF COVER 1 April 2018 to 31 March 2019 SUMMARY OF COVER

MASTERCARD THAILAND PLATINUM CREDIT and DEBIT CARDS. EFFECTIVE DATE OF COVER 1 April 2018 to 31 March 2019 SUMMARY OF COVER MASTERCARD THAILAND PLATINUM CREDIT and DEBIT CARDS EFFECTIVE DATE OF COVER 1 April 2018 to 31 March 2019 Insurance Coverage SUMMARY OF COVER Maximum Benefit Amount (USD) Per Occurrence Limit Annual Aggregate

More information

Are Alternatives Right for Your Portfolio?

Are Alternatives Right for Your Portfolio? Are Alternatives Right for Your Portfolio? Guide to Alternatives for Investors CUSTODY SERVICES Investors are always looking for ways to improve their portfolio diversification to meet long-term investment

More information

Table of Contents. Section I: Executive Summary Section II: Introduction and Methodology... 13

Table of Contents. Section I: Executive Summary Section II: Introduction and Methodology... 13 Table of Contents Section I: Executive Summary... 8 Section II: Introduction and Methodology... 13 Section III: How Advisors Approach Portfolio Construction... 16 A. How do advisors make investment decisions?...

More information

Business Line questions for all Commission-Based Brokerage Firms

Business Line questions for all Commission-Based Brokerage Firms Please make sure to submit all final responses via the online version of the RCA. Business Line questions for all Commission-Based Brokerage Firms This section is intended to help us better understand

More information

Alternative Asset Class Predictions: United States

Alternative Asset Class Predictions: United States Alternative Asset Class Predictions: United States Interim Findings Summary - First Survey (May, 2010) Adapted from detailed Interim Report 28 June, 2010 by Dr. Sally Ernst Summary of Findings With an

More information

South Africa: Risk & Compliance - Board Notice 52

South Africa: Risk & Compliance - Board Notice 52 South Africa: Risk & Compliance - Board Notice 52 Collective Investment Schemes Control Act (45/2002): Financial Services Board: Determination on the Requirements for Hedge Funds. On 6th March, the National

More information

Institutional Investment Group

Institutional Investment Group Institutional Investment Group You have expectations. We raise them. At Brinker Capital, we build both wealth and relationships. It s what makes us different from other firms. We know that you want hands-on,

More information

Most Popular Funds - Quarter 4, 2017

Most Popular Funds - Quarter 4, 2017 generali-worldwide.com Please see below the GW Top 5 Funds as at 31.12.2017. To find out more information about each of these funds, simply click on the fund name. GW TOP 5 OVERALL FUNDS AS AT 31.12.2017*

More information

DIVERSIFIED EQUITY FUND REVIEW

DIVERSIFIED EQUITY FUND REVIEW DIVERSIFIED EQUITY FUND REVIEW Small Cap Equities JOINT PENSION BOARD PRINCIPLES CHOICE FAIRNESS LIQUIDITY WELL INFORMED DECISIONS Adding small cap equities doesn t increase or reduce the choice available

More information

TOP FIVE REASONS IRA TO GOLD

TOP FIVE REASONS IRA TO GOLD (855)-GOLD-IRA GoldcoPreciousMetals.com TOP FIVE REASONS IRA TO GOLD TO CONVERT YOUR TM Goldco Precious Metals consistently had the best ratings. And after talking with a couple of the associates, I can

More information

Benchmark Review September 30, 2017

Benchmark Review September 30, 2017 September 0, 20 0 Std Dev s YTD Year Year Year Year Year Year 206 20 204 20 202 20 200 U.S. Equity Market Indexes S&P 00 2.06 4.48 4.24 8.6 0.8 4.22 6.4.44 0..96.8.69 2.9 6.00 2..06 S&P 00 Equal Weighted

More information

IPE Real Estate Global Awards 2018 Category Guidance

IPE Real Estate Global Awards 2018 Category Guidance IPE Real Estate Global Awards 2018 Category Guidance SILVER REGIONAL AWARDS For each regional award, the judges are looking for the leading real estate investor from that region. Your regional entry should

More information

Determining the Right Investment for You

Determining the Right Investment for You Determining the Right Investment for You There are numerous ways to invest and build wealth. When it comes to assets (investments that put money in your pocket), you have many choices. What you invest

More information

Introduction to Commodities

Introduction to Commodities The information provided herein may include certain non-gaap financial measures. The reconciliation of such measures to the comparable GAAP figures are included in the Company s Annual Reports on Form

More information

Alternative Asset Class Predictions: Australia Region

Alternative Asset Class Predictions: Australia Region Alternative Asset Class Predictions: Australia Region Interim Findings Summary - First Survey (May 2010) Adapted from detailed Interim Report 28 June, 2010 by Dr. Sally Ernst Summary of Findings With an

More information

The Rise of Liquid Alternatives

The Rise of Liquid Alternatives Citi Investor Services : Business Advisory The Rise of Liquid Alternatives Presentation to CAIA in Chicago May 21 st 2014 Hedge Fund Industry: 1994-2013 How investors are using hedge funds continues to

More information

A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...

A monthly publication from South Indian Bank.   To kindle interest in economic affairs... To empower the student community... To kindle interest in economic affairs... To empower the student community... Open YAccess www.sib.co.in ho2099@sib.co.in A monthly publication from South Indian Bank South Indian Bank has launched SB

More information

NORTHERN TRUST CORPORATION

NORTHERN TRUST CORPORATION NORTHERN TRUST CORPORATION Frederick H. Waddell Chairman & Chief Executive Officer Citigroup Financial s Conference The Waldorf=Astoria Hotel New York, New York March 11, 2010 2010 Northern Trust Corporation

More information

Summary Prospectus March 5, 2015

Summary Prospectus March 5, 2015 EuroPac Gold Fund Class A: EPGFX Summary Prospectus March 5, 2015 Before you invest, you may want to review the Fund s prospectus, which contains more information about the Fund and its risks. You can

More information

Asset & Wealth Management Market Intelligence Digest South Korea. Asset & Wealth Management Market Research Centre Asia Pacific

Asset & Wealth Management Market Intelligence Digest South Korea. Asset & Wealth Management Market Research Centre Asia Pacific Asset & Wealth Management Market Intelligence Digest South Korea Asset & Wealth Management Market Research Centre Asia Pacific Summary table of contents Executive Summary 1.1 1.2 Market Landscape 2.1 2.2

More information

WEEKLY MARKET FLASH DATA AS OF FEBRUARY 2, Index definitions available upon request. 1 of 5. Total Return (%)

WEEKLY MARKET FLASH DATA AS OF FEBRUARY 2, Index definitions available upon request. 1 of 5. Total Return (%) WEEKLY MARKET FLASH DATA AS OF FEBRUARY 2, 2018 U.S. Equity Index Level 1 Week MTD QTD YTD 1 Year Global Equity USD 1 Week MTD QTD YTD 1 Year S&P 500 2,762 (3.81) (2.16) 3.44 3.44 23.54 DJIA 25,521 (4.11)

More information

California State University, Fresno Foundation INVESTMENT POLICY STATEMENT

California State University, Fresno Foundation INVESTMENT POLICY STATEMENT INVESTMENT POLICY STATEMENT 1. Purposes of the Investment Policy Statement The purposes of this Investment Policy Statement for the management of the Foundation funds under management authority of the

More information

Physical Precious Metals and the Individual Investor

Physical Precious Metals and the Individual Investor PhySICal precious metals and the individual investor april 2014 2 Aall That Glitters 6 Types of Physical Precious Metals 8 Physical Precious Metals Ownership Choices 10 Precious Metals Investment Considerations

More information

Alternative assets. An insight into the future of investing in alternatives

Alternative assets. An insight into the future of investing in alternatives Alternative assets 2014 An insight into the future of investing in alternatives Contents 01 In this, the eleventh year of our Global Alternatives Survey, we pause to consider what may lie ahead for alternatives

More information

Topic Two: Asset Allocation: Decisions & Strategies. Keith Brown

Topic Two: Asset Allocation: Decisions & Strategies. Keith Brown Topic Two: Asset Allocation: Decisions & Strategies Keith Brown The Asset Allocation Decision A basic decision that every investor must make is how to distribute his or her investable funds amongst the

More information

Approved Retirement Funds

Approved Retirement Funds Approved Retirement Funds Product providers for financial advisors A simple guide to securing your future Who are we? Wealth Options Ltd. is a leading distributor of innovative products to the Irish financial

More information

San Jacinto Community College District Quarterly Investment Report (Including Deposits)

San Jacinto Community College District Quarterly Investment Report (Including Deposits) San Jacinto Community College District Quarterly Investment Report (Including Deposits) February 28, 2018 Fair Value Publicly Traded Equity and Similar Investments Total Publicly Traded Equity and Similar

More information

SUBCHAPTER 100. ABSOLUTE RETURN STRATEGY INVESTMENTS N.J.A.C. 17:16-100

SUBCHAPTER 100. ABSOLUTE RETURN STRATEGY INVESTMENTS N.J.A.C. 17:16-100 SUBCHAPTER 100. ABSOLUTE RETURN STRATEGY INVESTMENTS 17:16-100.1 Definitions N.J.A.C. 17:16-100 The following words and terms, as used in this subchapter, shall have the following meanings, unless the

More information

FIDELITY / CRIME DIVISION. Specie. Customized policies to cover cash and valuables of our insureds.

FIDELITY / CRIME DIVISION. Specie. Customized policies to cover cash and valuables of our insureds. FIDELITY / CRIME DIVISION Specie Customized policies to cover cash and valuables of our insureds. DIVISION FIDELITY MESSAGE / CRIME IF APPLICABLE DIVISION Great American Insurance Company is the right

More information

& Lies. Truth. in Alternative Investments. RCM Alternatives. 621 South Plymouth Court Chicago, IL

& Lies. Truth. in Alternative Investments. RCM Alternatives. 621 South Plymouth Court Chicago, IL Truth & Lies in Alternative Investments RCM Alternatives 621 South Plymouth Court Chicago, IL 60605 312.870.1500 www.rcmalternatives.com invest@rcmam.com www.rcmalternatives.com What is an Alternative

More information

IPE Real Estate Global Awards 2019 Category Guidance

IPE Real Estate Global Awards 2019 Category Guidance IPE Real Estate Global Awards 2019 Category Guidance SILVER REGIONAL AWARDS For each regional award, the judges are looking for the leading real estate investor from that region. The regional awards are

More information

Terms and conditions for investment services

Terms and conditions for investment services Terms and conditions for investment services Transaction fees The brokerage rates for stock exchange transactions in Switzerland and abroad are conceived as flat fees (the percentage rate applies to the

More information

ALTEGRIS ACADEMY FUNDAMENTALS AN INTRODUCTION TO ALTERNATIVES [1]

ALTEGRIS ACADEMY FUNDAMENTALS AN INTRODUCTION TO ALTERNATIVES [1] ALTEGRIS ACADEMY FUNDAMENTALS AN INTRODUCTION TO ALTERNATIVES [1] Important Risk Disclosure Alternative investments involve a high degree of risk and can be illiquid due to restrictions on transfer and

More information

BULLION FUND GOLD TRADING LLC

BULLION FUND GOLD TRADING LLC BULLION FUND GOLD TRADING LLC PURITY WITH TRUST CONTENT Gold Industry in U.A.E Introduction BULLION FUND - UAE Retail Services Type of Accounts BULLION FUND GHANA Precious Minerals Marketing Company (PMMC)

More information

Accessing PRC futures exchanges key legal, regulatory and risk issues. FIA Asia seminar October 2016

Accessing PRC futures exchanges key legal, regulatory and risk issues. FIA Asia seminar October 2016 Accessing PRC futures exchanges key legal, regulatory and risk issues FIA Asia seminar October 2016 Ashurst Over 400 partners and 1,450 lawyers across 25 offices in 15 countries Global securities and derivatives

More information

24JAN SIMPLIFIED PROSPECTUS DATED NOVEMBER 17, 2017

24JAN SIMPLIFIED PROSPECTUS DATED NOVEMBER 17, 2017 No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. Your simple guide to investing in Dynamic Funds. DYNAMIC TRUST FUNDS Dynamic

More information