2011-2012 Revised Operating Budget: Southern University At New Orleans,
2012
Southern University and A&M College
2011-2012 Revised Operating Budget: Southern University At New Orleans, Southern University System. Office Of Finance & Administration.
All Southern University System Budgets
2011-2012 Revised Operating Budget of the Southern University at New Orleans campus. This and the accompanying forms, statements and explanations comprising of 51 sheets numbered from 1 to 51, each of which has been approved by me, constitute the Operating Budget for the Fiscal Year 2011-2012.
2011-2012 Revised Operating Budget: Southern University And A & M College,
2012
Southern University and A&M College
2011-2012 Revised Operating Budget: Southern University And A & M College, Southern University System. Office Of Finance & Administration.
All Southern University System Budgets
The 2011-2012 Revised Operating Budget of the Southern University and A & M College Campus.
Municipal Bond Risk,
2012
Butler University
Municipal Bond Risk, Steven D. Dolvin
All Chapters
While municipals generally carry lower yields due to their tax benefits, beware that they are more risky than comparable Treasury securities. Municipals can default since, unlike the federal government, they do not have the ability to print money. The most recent (and largest ever) city to declare bankruptcy is Stockton, CA. See the article here, Fox News.
Actively Managed Etfs,
2012
Butler University
Actively Managed Etfs, Steven D. Dolvin
All Chapters
ETFs were originally designed as alternatives to index funds, but ones that could be actively traded like stocks -- meaning continuous trading and the ability to short and margin. As ETFs have developed, however, they are now moving into active (as opposed) to passive management. This may increase costs, but it provides another avenue for potential investors. See the article here, Index Universe.
Mutual Fund Oversight,
2012
Butler University
Mutual Fund Oversight, Steven D. Dolvin
All Chapters
Like corporations, mutual funds have board of directors. However, they often exhibit much less oversight and control. Thus, there is debate whether they actually provide any value or simply serve as figureheads. See article here, Smart Money.
Reputational Capital,
2012
Butler University
Reputational Capital, Steven D. Dolvin
All Chapters
Ratings agencies are supposed to provide an independent view on a firm's (or country's) financial outlook. However, their involvement in the subprime crisis (i.e., their AAA rating on defunct MBS securities) revealed that the rating agencies are often more reactive than proactive. Thus, they seem to have lost much of their respect and influence. See article here, Breakout.
Step On The Gas,
2012
Butler University
Step On The Gas, Steven D. Dolvin
All Chapters
With the economy hitting a "speed bump," market participants increasingly believe the Fed will "step on the gas" to get it going again. Similar thoughts seem to exist in regards to potential action by the Chinese central bank. As a result, markets around the world were up. See the articles here (xinhuanet) and
It Pays To Be Young,
2012
Butler University
It Pays To Be Young, Steven D. Dolvin
All Chapters
The model is changing, as wealth management firms may need to increasingly hire younger advisors.
Is Diversification Dead?,
2012
Butler University
Is Diversification Dead?, Steven D. Dolvin
All Chapters
Diversification (primarily based on asset correlation) is a key component of Modern Portfolio Theory (MPT). However, the recent financial crisis illustrated an increase in correlation across asset categories. Thus, many debate whether diversification still helps. Even with increasing correlations, diversification still provides benefit (possibly just not as much). However, the more relevant issue is that increasing correlation across the typical asset categories suggests that diversification is now more critical across "non-typical" categories -- such as commodities, hedge funds, and private equity funds. .
"Dumb Money" Pushing Treasuries,
2012
Butler University
"Dumb Money" Pushing Treasuries, Steven D. Dolvin
All Chapters
Demand for Treasury bonds pushes prices up and yields lower. Given that Treasury yields are at all-time lows, the implication is that demand for these securities has increased. Many attribute this to buying by the Fed, but this demand is really being driven by retail investors. For contrarian investors, this would be an indicator to sell Treasuries, as retail investors are often referred to as "dumb money." See the article here, CNBC.
Health Or Money?,
2012
Butler University
Health Or Money?, Steven D. Dolvin
All Chapters
When asked whether they would have health or money, most people would probably choose money. However, a recent study shows that investors actually trust their investment advisors more than their doctors. So, does this imply they care more about their money than their health?????? See the article here, Investment News.
Leading Or Lagging,
2012
Butler University
Leading Or Lagging, Steven D. Dolvin
All Chapters
Economists and investors often look to the index of leading indicators to predict the economic future. One measure included in this index is unemployment. However, some debate whether this is more of a lagging indicator since high unemployment hinders spending. In either case, recent news related to initial jobless claims has been positive. See the article here, Reuters.
Anderson, Joseph, 1757-1837 (Sc 456),
2012
Western Kentucky University
Anderson, Joseph, 1757-1837 (Sc 456), Manuscripts & Folklife Archives
Manuscript Collection Finding Aids
Finding aid and scan (Click on "additional files" below) for Manuscripts Small Collection 456. Original letters (3) of Joseph Anderson, and original and holographic copies of letters, notes, etc. (11) written by William Meredith, Philadelphia, to Anderson, Washington, D.C. Anderson’s correspondence with Meredith pertains to a debt owed by Anderson since 1790. Anderson was a Tennessee Senator and first Comptroller of the Treasury.
The Ecb Is Not The Fed,
2012
Butler University
The Ecb Is Not The Fed, Steven D. Dolvin
All Chapters
Although both the ECB and Federal Reserve are central banks, they are much different in their approach to managing their respective economies. The Fed's mandate includes both promoting growth and controlling inflation, while the ECB is really only designed to mitigate inflation. Thus, the ECB is not equipped to act in a speedy fashion as the Fed did in response to our financial crisis. (See the article here, Wall Street Journal.)
Green Infrastructure Resource Directory,
2012
University of Southern Maine
Green Infrastructure Resource Directory, New England Environmental Finance Center
Sustainable Communities Capacity Building
Green infrastructure is an approach for managing stormwater that uses vegetation and soils to capture and treat rainwater where it falls. Unlike single-purpose gray infrastructure, green infrastructure realizes multiple benefits at once, including flood mitigation, improved water and air quality, community beautification, provision of recreational opportunities, and energy and cost savings. This resource directory is intended to help communities design, implement, fund, and monitor green infrastructure practices and programs. It was compiled by the Environmental Finance Center Network through the Capacity Building for Sustainable Communities program funded by U.S. Department of Housing and Urban Development and U.S. Environmental Protection Agency. …
Asian Hedge Fund Report,
2012
Singapore Management University
Asian Hedge Fund Report, Melvyn Teo
Research Collection BNP Paribas Hedge Fund Centre
We survey the Asian hedge fund landscape and shed light on the size, investment region, strategy, and performance metrics of funds operating in Asia. Our findings indicate that hedge funds in the region typically maintain close physical proximity to their investment markets. Institutional quality hedge funds with assets under management greater than US$100m tend to focus on Greater China and Japan. Relative to Hong Kong, Japan, and Australia, Singapore harbors the most diverse group of hedge funds in terms of investment strategy. Between January 2000 and December 2011, Greater China focused funds have on average outperformed hedge funds investing in …
2012 Q2 Market Pulse Report,
2012
Pepperdine University
2012 Q2 Market Pulse Report, John K. Paglia
Pepperdine Market Pulse Report
The quarterly IBBA and M&A Source Market Pulse Survey was created to gain an accurate understanding of the market conditions for businesses being sold in Main Street (values $0-$2MM) and the lower middle market (values $2MM -$50MM). The national survey was conducted with the intent of providing a valuable resource to business owners and their advisors. The IBBA and M&A Source present the Market Pulse Survey with the support of the Pepperdine Private Capital Markets Project and the Graziado School of Business and Management at Pepperdine University.
Alternative Investments For The Masses,
2012
Butler University
Alternative Investments For The Masses, Steven D. Dolvin
All Chapters
Historically, hedge funds and private equity funds have only been available to qualified (i.e., rich) investors. However, new ETFs offer the opportunity for smaller investors to join the party. Check out the new AlphaClone ETF, which will be offered on the International Securities Exchange.
Are Us Economic Variables Useful For Chinese Stock Market Forecasts?,
2012
Singapore Management University
Are Us Economic Variables Useful For Chinese Stock Market Forecasts?, Knowledge@Smu
Knowledge@SMU
It is commonly thought that the economic systems of the world's two largest economies distinct, and so one's experience may not necessarily inform the other. Yet, a new study that compares and analyses stock market data from both countries offers a contrarian view. Undertaken by a PhD candidate at SMU's Lee Kong Chian School of Business, this study was recently presented at the HU-HUE-SKBI Tripartite Conference.
Key Findings Of 2012 Atrs Global Airport Performance Benchmarking Project,
2012
Embry-Riddle Aeronautical University
Key Findings Of 2012 Atrs Global Airport Performance Benchmarking Project, Tae Hoon Oum, Yapyin Choo, Chunyan Yu
Publications
The ATRS Global Airport Benchmarking Project measures and compares the performance of several important aspects of airport operations: Productivity and efficiency, unit costs and cost competitiveness, financial results and airport charges. The report also examines the relationships between various performance measures and airport characteristics as well as management strategies in order to provide a better understanding of observed differences in airport performance. This report includes 183 airports and 25 airport groups of various sizes and ownership forms in Asia Pacific, Europe and North America. This presentation highlights key findings on efficiency and cost.
