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Albourne Partners
Albourne Partners (Albourne) is a British alternative investment advisory firm headquartered in London. The company provides alternative investment solutions to institutional investors. Albourne has additional offices in Europe, North America and Asia. Background Business overview Simon Ruddick was a derivatives trader for Japanese investment banks who eventually left in 1989 to start up his own equity derivatives firm Westminster Equity which was then sold in 1994. Then in March that year, Ruddick founded Albourne Partners with Guy Ingram and Sam Lewis. The firm was originally set up in an office behind a butcher shop in the village of Albourne, West Sussex before moving to London later. Albourne was set to provide consultancy services to hedge funds by assessing the risk of their portfolios. According to Ruddick, the idea came from his friend Bill Fung, an academic at the London Business School that was sought after by investors in advising them to build their hedge fu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Sussex
West Sussex is a Ceremonial counties of England, ceremonial county in South East England. It is bordered by Surrey to the north, East Sussex to the east, the English Channel to the south, and Hampshire to the west. The largest settlement is Crawley, and the county town is the city of Chichester. The county has a land area of and a population of . Along the south coast is a near-continuous urban area which includes the towns of Bognor Regis (63,855), Littlehampton (55,706), and Worthing (111,338); the latter two are part of the Brighton and Hove built-up area, which extends into East Sussex and has a total population of 474,485. The interior of the county is generally rural; the largest towns are Crawley (118,493) and Horsham (50,934), both located in the north-east; Chichester is in the south-west and has a population of 26,795. West Sussex contains seven local government Non-metropolitan district, districts, which are part of a two-tier non-metropolitan county administered by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fixed Income Arbitrage
Fixed-income arbitrage is a group of market-neutral-investment strategies that are designed to take advantage of differences in interest rates between varying fixed-income securities or contracts (Jefferson, 2007). Arbitrage in terms of investment strategy, involves buying securities on one market for immediate resale on another market in order to profit from a price discrepancy. Fixed-income securities are debt instruments issued by a government, corporation, or other entity to finance and expand their operations. The purchasing of any fixed-income security is known as a loan from the investor to the issuer. These 'loans' made from the investor to the borrower are in exchange for regular income payments to the investor, as well as the investor receiving the capital returned upon maturity of the loan. The mechanics of the agreement are similar across all variations of fixed-income instruments, whereby there is a fixed tenor and schedule of income payments. Repayment of capital a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bearish
Market sentiment, also known as investor attention, is the general prevailing attitude of investors as to anticipated price development in a market. This attitude is the accumulation of a variety of fundamental and technical factors, including price history, economic reports, seasonal factors, and national and world events. If investors expect upward price movement in the stock market, the sentiment is said to be ''bullish''. On the contrary, if the market sentiment is ''bearish'', most investors expect downward price movement. Market participants who maintain a static sentiment, regardless of market conditions, are described as ''permabulls'' and ''permabears'' respectively. Market sentiment is usually considered as a contrarian indicator: what most people expect is a good thing to bet against. Market sentiment is used because it is believed to be a good predictor of market moves, especially when it is more extreme. Very bearish sentiment is usually followed by the market going ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Environmental, Social, And Corporate Governance
Environmental, social, and governance (ESG) is shorthand for an investing principle that prioritizes environmental issues, social issues, and corporate governance. Investing with ESG considerations is sometimes referred to as ''responsible investing'' or, in more proactive cases, ''impact investing''. The term ESG first came to prominence in a 2004 report titled "Who Cares Wins", which was a joint initiative of financial institutions at the invitation of the United Nations (UN). By 2023, the ESG movement had grown from a UN corporate social responsibility initiative into a global phenomenon representing more than US$30 trillion in assets under management. Criticisms of ESG vary depending on viewpoint and area of focus. These areas include data quality and a lack of standardization; evolving regulation and politics; greenwashing; and variety in the definition and assessment of social good. Some critics argue that ESG serves as a de facto extension of governmental regulation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Acceptable Rate Of Return
In corporate finance, business, and engineering economics - in both industrial engineering and civil engineering - the minimum acceptable rate of return (often abbreviated MARR) is the minimum rate of return on a project a manager or company is willing to accept. A synonym seen in many contexts is minimum attractive rate of return. The term hurdle rate (or cutoff rate) is also frequently used as a synonym, particularly in corporate finance, where the benchmark is often the cost of capital. See . MARR increases with increased risk, and given the opportunity cost of forgoing other projects. It is typically referenced in the preliminary analysis of proposed projects. Hurdle rate determination The hurdle rate is usually determined by evaluating existing opportunities in operations expansion, rate of return for investments, and other factors deemed relevant by management. As an example, suppose a manager knows that investing in a conservative project, such as a bond investment or a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standards Board For Alternative Investments
The Standards Board for Alternative Investments (SBAI), formerly known as the Hedge Fund Standards Board, is an international standard-setting body for the alternative investment industry and sets the voluntary standard of best practices and practices endorsed by its members. Its primary role is to be the custodian of the Alternative Investment Standards (formerly known as "the Standards"), which are designed to create a "framework of transparency, integrity and good governance" in the way the hedge fund industry operates. History The SBAI originated in June 2007, when a group of leading alternative investment managers formed the Hedge Fund Working Group to develop industry standards in areas such as disclosure, valuation, risk management, governance, and shareholder conduct. Founding firms included Marshall Wace, Cheyne Capital Management, Man Group, and CQS. In January 2008, the working group was established as a nonprofit, called the Hedge Fund Standards Board (HFSB). It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boilerplate Text
Boilerplate text, or simply boilerplate, is any written text ( copy) that can be reused in new contexts or applications without significant changes to the original. The term is used about statements, contracts, and source code, and is often used pejoratively to refer to clichéd or unoriginal writing. Etymology "Boiler plate" originally referred to the rolled steel used to make boilers to heat water. Metal printing plates ( type metal) used in hot metal typesetting of prepared text such as advertisements or syndicated columns were distributed to small, local newspapers, and became known as 'boilerplates' by analogy. One large supplier to newspapers of this kind of boilerplate was the Western Newspaper Union, which supplied "ready-to-print stories" that "contained national or international news" to papers with smaller geographic footprints, which could include advertisements pre-printed next to the conventional content. Boilerplate language In contract law, the term "boilerpla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prospectus (finance)
A prospectus, in finance, is a disclosure document that describes a financial security for potential buyers. It commonly provides investors with material information about mutual funds, stocks, bonds and other investments, such as a description of the company's business, financial statements, biographies of officers and directors, detailed information about their compensation, any litigation that is taking place, a list of material properties and any other material information. In the context of an individual securities offering, such as an initial public offering, a prospectus is distributed by underwriters or other financial firms to potential investors. Today, prospectuses are most widely distributed through websites such as EDGAR and its equivalents in other countries. United States In a securities offering in the United States, a prospectus is required to be filed with the Securities and Exchange Commission (SEC) as part of a registration statement. The issuer may not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Board Of Directors
A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws. These authorities may specify the number of members of the board, how they are to be chosen, and how often they are to meet. In an organization with voting members, the board is accountable to, and may be subordinate to, the organization's full membership, which usually elect the members of the board. In a stock corporation, non-executive directors are elected by the shareholders, and the board has ultimate responsibility for the management of the corporation. In nations with codetermination (such as Germany and Sweden), the workers of a corporation elect a set fraction of the board's members. The board of directors appoints the ch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2008 Financial Crisis
The 2008 financial crisis, also known as the global financial crisis (GFC), was a major worldwide financial crisis centered in the United States. The causes of the 2008 crisis included excessive speculation on housing values by both homeowners and financial institutions that led to the 2000s United States housing bubble, exacerbated by predatory lending for subprime mortgages and deficiencies in regulation. Cash out refinancings had fueled an increase in consumption that could no longer be sustained when home prices declined. The first phase of the crisis was the subprime mortgage crisis, which began in early 2007, as mortgage-backed securities (MBS) tied to U.S. real estate, and a vast web of Derivative (finance), derivatives linked to those MBS, collapsed in value. A liquidity crisis spread to global institutions by mid-2007 and climaxed with the bankruptcy of Lehman Brothers in September 2008, which triggered a stock market crash and bank runs in several countries. The crisis ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basis Point
A basis point (often abbreviated as bp, often pronounced as "bip" or "beep") is one hundredth of 1 percentage point. Changes of interest rates are often stated in basis points. For example, if an existing interest rate of 10 percent is increased by 1 basis point, the new interest rate would be 10.01 percent. The related term '' permyriad'' means one part per ten thousand. Definition :1 basis point (bp) = 0.01%, 10−4, , or 0.0001. :10 bp = 0.1%, 10−3, , or 0.001. :100 bp = 1%, 10−2, , or 0.01. Basis points are used as a convenient unit of measurement in contexts where percentage differences of less than 1% are discussed. The most common example is interest rates, where differences in interest rates of less than 1% per year are usually meaningful to talk about. For example, a difference of 0.10 percentage points is equivalent to a change of 10 basis points (e.g., a 4.67% rate increases by 10 basis points to 4.77%). In other words, an increase of 100 basis points means a ri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
