Xem 1-20 trên 45 kết quả Estate investment funds
  • Real estate markets globally have been severely affected by ongoing unprecedented economic turmoil, particularly in Europe and the United States. This is expected to continue. The Australian real estate market has, in this time, emerged as a destination of choice for global real estateReal estate markets globally have been severely affected by ongoing unprecedented economic turmoil, particularly in Europe and the United States. This is expected to continue.

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  • Investment funds worldwide experienced an increase in net flows in the first quarter of 2012 to register net inflows of €193 billion, up from €83 billion in the previous quarter. Long-term funds recorded net inflows of €248 billion, a considerable increase compared to the net inflows of €11 billion recorded in the previous quarter. Flows out of equity funds worldwide were €6 billion in the first quarter, after experiencing €52 billion of net outflows in the fourth quarter of 2011.

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  • Our main empirical ndings are as follows. We nd that a range of nancial and macroeconomic variables prove helpful in selecting funds that are capable of generating future alphas. In particular, we nd evidence that a number of investment strategies (that use macroeconomic variables to predict fund returns) generate out-of-sample alphas from 7-9%/year (after fund-level trading costs and fees), when measured with a single-factor model, and from 12-13%/year with a four-factor model that controls for fund exposures to size, book-to-market, and momentum. ...

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  • Property transactions data for private real estate portfolio managers are obtained from the National Council of Real Estate Investment Fiduciaries (NCREIF), which collects transaction-level data for for private entities (primarily pension funds). For a private pension fund, having one’s properties be part of NCREIF’s portfolio is generally considered highly desirable, in that this gives the fund prestige.

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  • It is not easy to give a clear definition of real assets. The equivalent German term Sachwert refers only to the reproduction value (replacement cost) of a good. In an investment concept, a real asset is defined as a good that is independent from variations in the value of money. 1 This definition alone provides sufficient motive for the integration of real assets in portfolios. In times of high inflation, real assets should protect financial resources against loss of purchasing power. It is by no means clear what goods should be included in the real assets group.

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  • Many are also concerned that countries will use SWFs to support what one analyst has called “state capitalism,” using government-controlled assets to secure stakes around the world in strategic areas such as telecommunications, energy and mineral resources, and financial services, among other sectors.

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  • Resources could be used for performances, public art creation, festivals, the development of new work through the participation of schools and civic groups, or to pay for individual artists and larger institutions to enrich their connections to or representations of local communities. Grant support should also pay careful attention to projects or public activity rooted in prior engagement or historical activity – activity that has some legacy and can now be expanded or made into something more sustainable.

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  • Investors in common stock use net income as a key measure of profitability, but the custom in REIT world is to use funds from operations (FFO). The historical preference for FFO rather than net income relates to the concept of depreciation. The Securities and Exchange Commission (SEC), under federal securities laws, requires that all publicly traded companies file audited financial statements.

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  • Narratives reviewed indicated that transactions not commensurate with the nature of the business or intended purpose of the accounts, and derogatory information obtained on subjects, led to the filing of the SAR(s). In many cases, the financial institution filed because the account activity was consistent with the derogatory information. Some accounts reflected a high percentage of returned deposits involving unauthorized Automated Clearing House (ACH) debits while others displayed extensive wire transfer activity among several accounts.

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  • In this study, we make use of a complete dataset of property trades by institutional-grade REITs who are legally mandated to report such trades to the SEC in their 10-K and 10-Q reports, thus providing both complete trading information and eliminating selection bias. We augment this information with a dataset of property trades made by portfolio managers of private entities, such as commingled real-estate funds, who have legally committed to disclose this information to a private data collector under a strict non-disclosure agreement.

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  • » Risk management is forward-looking and proactive. To be effective, risk management should seek to identify for management material risks that might impact the fund, the likelihood of them occurring, and the extent of their impact should they occur. Trend reports and other regular, formal processes may facilitate this effort as well as brainstorming sessions and thinking “outside the box.” Risk management, however, also can play an important role in analyzing past challenges and recommending changes to prevent their recurrence....

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  • There are varied possibilities for investment in real assets. One of the most liquid segments, which is accessible through the financial markets, is the commodity market. As well as precious metals, investors also focus on industrial and agricultural raw materials. It is relatively easy for investors to inform them- selves about these homogenous markets. However, in this study we want to concentrate on real assets that are mainly not traded on financial markets but for which fund solutions or direct investment vehicles are dominant.

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  • Investors mentioned that better tax treatment for REITs in Malaysia (tax exemption at both fund and investor levels) will enhance overall return, although the new tax-exemption at fund level is found to be encouraging. REIT corporations advised that their properties injected into REITs are carefully selected, high yielding properties in prime location. This study found that as all REIT corporations intend to hold 20 – 30% equity in their REITs, it is in their primary interest that their REITs continue to grow and provide attractive returns.

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  • Several of the success stories highlighted in the Law Enforcement Cases section are groundbreaking cases in the use of charging and in successful convictions. Of particular note, we discuss a conviction on structuring charges where there was no allegation that the funds were illegally derived. In Issues & Guidance, we present an article on the value of BSA data that provides material that BSA Compliance Officers may consider adapting for use when addressing their Boards of Directors.

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  • Residential leases are regulated by provincial legislation. In some cases, the applicable legislation will override the terms of the lease agreement, regardless of the intention of the parties. In some provinces, the ability of the landlord to increase residential rents is limited by provincial regulation. Financing Most real estate !nancing is arranged through institutional lenders such as banks, trust companies, pension funds, credit unions and insurance companies.

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  • There is also a good dataset for open-end real estate funds. Over the last 10 years, investors in this asset class have been able to achieve a higher average annual return than on investments in equity funds (see Fig. 16). However, compared with most bond funds, open-end real estate funds come off worse. This relationship has also generally been maintained over longer periods of up to 20 years: however it is probably also be affected by the poor performance of the stock market in the last few years. On a 30-year average, equity funds with an investment focus in Germany...

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  • The investors issue various types of funds and more than 60% of investment focuses are in Islamic, Bond/ Income, Equities and Aggressive/ Growth. The investors’ overall perception towards LPTs and investment strategies on LPTs are shown in Table 1 below. 85% of investors (18 respondents) have neutral perception of LPTs, out of which 52% may consider but 33% of investors will not invest in LPTs in future. Only 5% of investors have previously invested in LPT but is not seeking for further investment. In summary, the study tends to agree with Shun (2004) that...

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  • Putting some real numbers around this provides more color. A fund with $200 million in AUM and zero or negative performance would generate revenue of $3 million. A return of 5% bumps the total revenue up to $5 million. With a 7.5% return, the fund’s revenues are $6 million: $3 million from the management fee and $3 million from the performance fee. Beyond the 7.5% performance mark, the incentive fee becomes the primary revenue contributor. The performance fee effect is what makes the hedge fund model so appealing and unique.

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  • If you know the present value of a future cash flow, you can determine what a good purchase price should be for that investment. You would not want to pay more than its present value, and would like to pay less than its present value. If you know the key variables, you can use them in a meaningful risk assessment and in negotiations with other parties (buyers, sellers, lenders, investors, landlords, tenants). However, this is where uncertainty enters the picture. Reasonable people will disagree on the projected income from an asset, the projected expenses required...

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  • A purchaser should assess the environmental risks associated with a property being purchased. In Canada, government o"cials do not “certify” that a property is free from such risks. A property’s environmental status can be ascertained by inspecting applicable company and public records. In virtually all cases, a purchaser will want to do an “environmental audit” of the property which may include conducting scienti!c testing and a technical analysis of the property. Lending institutions often require such an audit before advancing any funds.

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