As I noted, the ﬁnancial crisis has created an increasingly
global outlook among policymakers. More and more, national
regulators are inﬂuenced by policies fashioned abroad, and
international bodies are stepping up policy coordination.
At the same time, the extraordinary worldwide rise of as-
set managers as ﬁnancial intermediaries has created new
opportunities for funds. Responding to these and other
trends, the Institute readied a new initiative —ICI Global—
launched early in ﬁscal year 2012.
Are you curious about how we should deal with issues like climate change, international terrorism, decision-making in democracies, migration, an ageing population, social and health insurance? Do you wonder whether the market can always regulate itself, or whether policy is sometimes required to step in? Don't you dare to ask questions that don’t have straightforward answers? The Public Economics track offers you the possibility to do just that
The parallel thematic sessions on May 27 and on May 28 presented the unique opportunity
for participants to focus and interact on a set of specific issues identified as priorities for social
funds. Initiated by session leaders, who drew upon their experiences managing social funds,
the sessions addressed the key issues with the assistance of professional facilitators from the
Learning and Leadership Center. The presence of resource persons drawn from the World
Bank staff active in project design and supervision contributed to the quality of the discus-
The main differences between a hedge fund and a private
equity fund are: (a) the private equity fund looks to use
leverage to buy companies to obtain full management control
for purposes of changing its structure operations, whereas a
hedge fund trades assets without looking for full control; (b)
the hedge fund covers a multitude of styles, only one small part
of which might involve buying shares to force management to
make value enhancing changes (activist); and (c) hedge funds
often (but not always) have a shorter investment horizon than
private equity firms.
Research purpose of this dissertation is to research systematically the state management scientific basis for State budget-funded investments projects for higher education & training and postgraduate education & training in Vietnam. On that basis, it is to establish and propose viewpoints, solutions in order to enhance efficiency of the State management on State budget-funded investments projects for higher education & training and postgraduate education & training meeting new requirements and tasks in the educational career development of the country.
In summer 1995, as part of its response to the need for assuring that public funding of health programs be related to documented program performance, the Office of
the Assistant Secretary for Health of the U.S. Department of Health and Human Services (DHHS) requested that the National Research Council convene an expert
panel to examine and report on the technical issues involved in establishing performance measures in ten substantive program areas.
Public MCH-FP service provision in Bangladesh has a number of
distinguishing features. The pattern of service utilization is lopsided with
low utilization of most facilities at the community level (upazila and
below), and over utilization at the district and at teaching hospitals. The
major reason for low utilization of primary level facilities is the poor
service quality and negative perception of the community about the types
of services available.
Research purpose of this dissertation is to research systematically the state management scientific basis for State budget-funded investment projects for Higher education and Postgraduate education in Vietnam. On that basis, it is to establish and propose viewpoints, solutions in order to enhance efficiency of the State management on State budget-funded investment projects for Higher education and Postgraduate education meeting new requirements and tasks in the educational career development of the country.
The first Section of this book starts with a collection of articles about sustainable
education or education for sustainable development. The papers present research and
practices of teaching and education as essential tools for achieving sustainable
development. Alternative perspective to funding public schools and Universities are
also presented in this section. The goal is to foster the increased quality of teaching and
learning and help countries make progress toward development.
Tham khảo sách 'sustainable development – education, business and management – architecture and building construction – agriculture and food security', kinh doanh - tiếp thị, quản trị kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả
It is in compliance with the earnest requests of colleagues and friends that I
have embarked on the task of editing a handbook of governmental accounting.
Practitioners in the private sector, public administrators, and students in colleges
and universities will find this handbook a useful reference. We hope our readers
from a diverse range of fields will use it to gain understanding and familiarity with
government accounting concepts.
During the last decade, hedge funds have become one of the most important institutional
investors in global financial markets. Although their activities have been viewed critically by
regulators, politicians, and the public, this negative perspective is often based more on myth
than on thorough economic analysis and empirical facts. Most people lack the necessary
information and understanding of the role that hedge funds play in financial markets. Blaming
them for the financial crisis or other market turbulences is often based on specific conjectures
and not on rigorous research.
At the peak of the stock market boom in the late 1990s, state and local public pension
systems experienced an unprecedented growth in their asset value. As a result,
pension benefits for public employees were increased in many states and at the same
time government employers reduced their contribution to the pension systems. The
stock market downturn between 2000 and 2002, however, brought this almost
perfect combination to a halt.
This book is based on a doctoral thesis completed at the Faculty of Law,
University of Cambridge. It benefited from research funding provided
by Gonville and Caius College and the Faculty of Law in Cambridge,
and from the hospitality and generous assistance of Professors Jürgen
Basedow and Reinhard Zimmermann during a period at the Max
Planck Institute for Comparative and International Private Law in
Hamburg, and of Professor George Bermann during a period as a
Visiting Scholar at Columbia University....
We obtain our list of SRI funds from the Social Investment Forum's (SIF) reports published
in 1997, 1999, 2001, 2003, and 2005.
Each report contains comprehensive information about
SRI in the US for both the publication year and the preceding one. In particular, the reports
contain a list of SRI mutual funds compiled by SIF. To construct this list SIF employs a direct
survey methodology and gathers information from third parties. A fund is included in the SIF
list if it utilizes one or more social or environmental criteria as part of a formal investment
To be included in...
Risk management is an evolving discipline. Several organizations have sought to provide
assistance and thought leadership through the development of risk management frameworks and
guidance. Much, if not most, of this guidance is focused on traditional operating companies and
does not contemplate the externally managed structure of investment companies. As a result,
while the guidance these organizations have provided is sound, it typically does not focus on
the unique issues faced by funds and their boards of directors.
We focus on the dynamics of active management skills, and how an investor might optimally
choose active funds during varying business conditions. Building on studies such as Avramov and
Wermers (2006) and Moskowitz (2000), we allow for the possibility of time-varying mutual fund
alphas and betas among active managers in Europe. Following Christopherson, et al. (1998)
and Ferson and Schadt (1996), we model such time-variation using a publicly available set of
conditioning state variables.
For the investor types believing that active managers can generate alphas, we nd that the
ability to identify superior performing funds is further improved, albeit slightly, by augmenting the
four-factor model with country indices, even if these indices represent non-priced factors, consis-
tent with Pastor and Stambaugh (2002a). To illustrate, our baseline analysis nds CAPM alpha
enhancements of up to 5% per year from using macroeconomic state variables to choose funds,
relative to active manager choice using an unconditional CAPM model.
This new report provides updated and additional information about the European microfinance
market and current developments in the microfinance area. Moreover, it gives insights into the
intervention logic, rationale for EU support, and mandate development considerations of the EIF
in this field.
More precisely, following a short introduction, we provide in the second section (general market
overview) updated information for selected aspects of microfinance in Europe.
The objective of the research study and this publication is to identify, characterize and
assess the existence and potential of investments in agriculture and agribusinesses in developing
and transition economies through an inventory stock-taking of agricultural investment funds
targeting these countries. The stock-taking is followed by a more comprehensive review of
selected investment funds through case studies.