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2010 Employment Report Career Management Center Visit the Career Management Center Online At
2010 Employment Report Career ManageMent Center Visit the Career Management Center online at www.gsb.columbia.edu/recruiters. Post positions online at www.gsb.columbia.edu/jobpost. reCruItIng at CoLumbia Business schooL Columbia Business School students continue to distinguish themselves with their ability to be nimble and flexible during a shifting economic and hiring landscape. employers report that Columbia MBas have the right mix of tangible business skills and social intelligence—enduring assets for any organization. the School’s focus on educating versatile business leaders who can excel in any environment is proven by a curriculum that bridges academic theory and real-world practice through initiatives like Columbia CaseWorks and the Master Class Program. the School’s cluster system and learning teams, as well as the Program on Social Intelligence, foster a team-oriented work ethic and an entrepreneurial mindset that makes creating and capturing opportunity instinctual. Students are able to add value to a wide range of organizations on day one, and the School’s extraordinary network of alumni, global business partners, and faculty members, along with its seamless integration with new York City, makes Columbia Business School stand out among its peers. the Career Management Center (CMC) works with hiring organizations across the public, private, and nonprofit sectors to develop effective and efficient recruiting strategies. recruiters can get to know the School’s talented students in a variety of ways, such as on-campus job fairs, prerecruiting functions, drop-in sessions, interviews, and educational presentations with student clubs, among other opportunities. Companies can also collaborate with the CMC to interview students closer to the time of hiring on an as-needed basis. -
WHAT INVESTORS REALLY WANT Discover What Drives Investor Behavior and Make Smarter Financial Decisions
WHAT INVESTORS REALLY WANT Discover What Drives Investor Behavior and Make Smarter Financial Decisions MEIR STATMAN New York Chicago San Francisco Lisbon London Madrid Mexico City Milan New Delhi San Juan Seoul Singapore Sydney Toronto Copyright © 2011 by Meir Statman. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. ISBN: 978-0-07-174166-8 MHID: 0-07-174166-6 The material in this eBook also appears in the print version of this title: ISBN: 978-0-07-174165-1, MHID: 0-07-174165-8. All trademarks are trademarks of their respective owners. Rather than put a trademark symbol after every occurrence of a trademarked name, we use names in an editorial fashion only, and to the benefi t of the trademark owner, with no intention of infringement of the trademark. Where such designations appear in this book, they have been printed with initial caps. McGraw-Hill eBooks are available at special quantity discounts to use as premiums and sales promotions, or for use in corporate training programs. To contact a representative please e-mail us at [email protected]. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, accounting, securities trading, or other professional services. -
How Behavioral Finance Adds Return June 17, 2013 at 6 PM New
Behavior, Brains and Risk : How Behavioral Finance Adds Return June 17, 2013 at 6 PM New York Ground-breaking work in Behavioral Finance has revealed human tendencies, risk preferences and biases, and addressed their implications for trading and investment. Current research in the emerging science of neuroeconomics is yielding insights that further link trading behavior to bio-chemicals and our brains. What does this mean for investors and return? How must this research inform risk assessment by traders and investors? Join our market practitioner experts for a discussion exploring the science, and related trading, investing and risk management implications of these findings in the quest for return. Participants Aaron Brown, AQR Capital Management Cynthia Harrington, CFA, CFE, Cynthia Harrington & Associates LLC Denise Shull, The ReThink Group Richard L. Peterson, MD, Moderator, MarketPsych LLC Event Details Date: June 17, 2013 Time: 5 PM Registration. We will begin promptly at 6 PM; please arrive early. Since it is disruptive to everyone when latecomers enter the session, those arriving after an education session has begun will only be admitted at the discretion of 100WHF and the host. Please note the start time on this invite and plan to arrive early. Networking and cocktails before and after session. Host: Schulte Roth & Zabel LLP Location: Schulte Roth & Zabel 919 Third Avenue (entrance on 55th St between 2nd and 3rd Avenues), 24th floor, New York, NY 10022 RSVP: Please refer to your invite Denise Shull is the author of "Mind Market Games" and will be available to sign copies of the book at the event. The book will be available to purchase for $22. -
Julian Robertson: a Tiger in the Land of Bulls and Bears
STRACHMAN_FM_pages 6/29/04 11:35 AM Page i Julian Robertson A Tiger in the Land of Bulls and Bears Daniel A. Strachman John Wiley & Sons, Inc. STRACHMAN_FM_pages 6/29/04 11:35 AM Page i Julian Robertson A Tiger in the Land of Bulls and Bears Daniel A. Strachman John Wiley & Sons, Inc. STRACHMAN_FM_pages 6/29/04 11:35 AM Page ii Copyright © 2004 by Daniel A. Strachman. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without either the prior written permis- sion of the Publisher, or authorization through payment of the appropriate per- copy fee to the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, 978-750-8400, fax 978-646-8600, or on the web at www. copyright.com. Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030, 201-748-6011, fax 201-748-6008. Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fit- ness for a particular purpose. -
Competition Between Exchanges: Euronext Versus Xetra*
Competition Between Exchanges: Euronext versus Xetra* Maria Kasch-Haroutounian / Erik Theissen** January 2003 Abstract: Exchanges in Europe face increasing competition. Smaller exchanges may come under pressure to cooperate with one of the larger exchanges and adopt its trading system. It is, therefore, important to evaluate the attractiveness of the two dominating continental European trading sys- tems, Euronext and Xetra. Though both are anonymous electronic limit order books, there are im- portant differences in the trading protocols. In this paper we use a matched-sample approach to compare execution costs in Euronext Paris and Xetra. We find that both the effective spreads and its components, the realized spread and the adverse selection component, are lower in Xetra. Differ- ences in market organization - we consider differences in the number of liquidity provision agree- ments, and differences in the minimum tick size - do not explain the spread differences. JEL classification: G10, G15 Keywords: Competition between exchanges, bid-ask spread * We thank participants of the 9th Symposium on Finance Banking and Insurance in Karlsruhe for helpful comments. ** University of Bonn, BWL I, Adenauerallee 24-42, 53113 Bonn, Germany, Phone +49 228 739208, Fax +49 228 735924, Email: [email protected] and [email protected], respectively. 1 Introduction European exchanges are in a process of consolidation. Banks and institutional investors are putting pressure on exchange officials to decrease transaction costs. The fragmentation of European exchanges has been identified as one source of high transaction costs. Mergers be- tween exchanges and the joint use of trading systems are considered to be part of the solution. -
View Annual Report
Annual Report With this Annual Report, we have published our financial results for the first time according to Gross premium income International Accounting rose 19.6 percent to Standards (IAS). Net DM 90.4 billion in the profit increased by 31.5 Earnings per share 1998 business year. percent to DM 3.6 billion. totalled DM 14.67 – 26.8 percent higher than in the previous year. 1998 A T A GLANCE 1998 1998 Change from 1997 More on Allianz Group previous year page D DM in % DM Gross premium income bn 46.2 90.4 19.6 75.6 12 Benefits paid to customers bn 40.0 78.2 21.5 64.4 132 Pretax result mn 4,085 7,990 25.3 6,375 37 Tax mn 1,528 2,988 6.1 2,815 134 Minority interests in earnings mn 739 1,445 69.3 853 Net earnings mn 1,819 3,558 31.5 2,706 37 Assets Under Management bn 343.2 671.2 41.0 476.2 74 Stockholders’ equity bn 22.2 43.5 30.4 33.4 122 Insurance reserves bn 216.8 424.1 38.5 306.1 125 Employees 105,676 37.3 76,951 86 1998 1998 Change from 1997 More on Allianz Share previous year page D DM in % DM Earnings per share 7.50 14.67 26.8 11.57 136 Dividend per share 1.12 2.20 15.80 1.90 41 Dividend payout mn 276 539 23.1 438 Allianz share price on 12/31/1998 317 620 33.1 466 18 Market capitalization of Allianz on 12/31/1998 bn 77.6 151.8 41.6 107.2 18 Standard & Poor’s awarded the Allianz Group its highest possible rating, “AAA”. -
Private Debt in Asia: the Next Frontier?
PRIVATE DEBT IN ASIA: THE NEXT FRONTIER? PRIVATE DEBT IN ASIA: THE NEXT FRONTIER? We take a look at the fund managers and investors turning to opportunities in Asia, analyzing funds closed and currently in market, as well as the investors targeting the region. nstitutional investors in 2018 are have seen increased fundraising success in higher than in 2016. While still dwarfed Iincreasing their exposure to private recent years. by the North America and Europe, Asia- debt strategies at a higher rate than focused fundraising has carved out a ever before, with many looking to both 2017 was a strong year for Asia-focused significant niche in the global private debt diversify their private debt portfolios and private debt fundraising, with 15 funds market. find less competed opportunities. Beyond reaching a final close, raising an aggregate the mature and competitive private debt $6.4bn in capital. This is the second highest Sixty percent of Asia-focused funds closed markets in North America and Europe, amount of capital raised targeting the in 2017 met or exceeded their initial target credit markets in Asia offer a relatively region to date and resulted in an average size including SSG Capital Partners IV, the untapped reserve of opportunity, and with fund size of $427mn. Asia-focused funds second largest Asia-focused fund to close the recent increase in investor interest accounted for 9% of all private debt funds last year, securing an aggregate $1.7bn, in this area, private debt fund managers closed in 2017, three-percentage points 26% more than its initial target. -
As of April 28, 1999
As of September 22, 2014 MARAD APPROVED FOREIGN UNDERWRITERS Country Company Bermuda Axis Specialty Limited Bermuda Gard Marine and Energy Limited Denmark Codan Forsikring A/S France Allianz Global Corporate & Specialty UK AXA Corporate Solutions Assurance France Generali France Assurances France Groupama Transport Company Germany Allianz Global Corporate & Specialty Italy Assicurazioni Generali SpA Norway The Norwegian Hull Club UK Aspen Insurance U.K. Limited Co. UK Swiss Re (SR International) UK Great Lakes Reinsurance UK International Insurance Company of Hannover Limited UK Marine Insurance Company (Royal Insurance Holdings, PLC) AS OF APRIL 28, 1999 MARAD APPROVED FOREIGN UNDERWRITERS Country Company Australia HIH Casualty and General Insurance Limited Australia QBE Insurance Group Ltd. Canada Commonwealth Insurance Company France Assurances Generales de France France AGF Marine Aviation Transport (MAT) France Groupe des Assurances Nationales Incendie Accidents (GAN Incendie) France La Reunion Francaise S.A. France Uni Europe Assurance (AXA) Norway Bergen Hull Club Norway Gjensidige Marine & Energy AS (Gjensidige General Insurance Company) Norway Protector Forsikring As Norway Skdeforsikringsselskapet Vesta A/S (Vesta General Insurance Group) Norway UNI - Storebrand Skadeforsikring As of 07/25/96 MARAD APPROVED FOREIGN UNDERWRITERS Country Company France Assurances Generales de France (AGF I.A.R.T.) France Groupe des Assurances Nationales Incendie Accidents (GAN Incendie) France La Reunion Francaise S.A. France Preservatrice Fonciere -
Global Fund Finance Symposium
8TH ANNUAL Global Fund Finance Symposium MARCH 21, 2018 NAME _________ GRAND HYATT, NEW YORK 8TH ANNUAL Global Fund Finance Symposium TABLE OF CONTENTS Letter from the Chairman ...3 Agenda at a Glance ............. 4 Session Details .................... 5 Sponsors ............................ 13 Speakers ............................ 31 FFA Leadership .................. 78 2 LETTER FROM THE CHAIRMAN Industry colleagues, The WFF committees have a great set of events planned for As I sit here on a Sunday night, with a glass of pinot in hand, 2018, and a special thanks to each of the firms that are helping trying to think of how to best encapsulate the feeling of the to sponsor these events. To help broaden the audience to 2017 market, my mind keeps wandering off to the pleading include more male participation, we’ve structured a great words of RiRi….. feature panel here today as part of the symposium. It’s my early favorite for winner of Best Panel of the day. “Please don’t stop the, please don’t stop the, please don’t stop the music” Couple of housekeeping notes - this year, we’ll be hosting our Rihanna 2007 (…and investors everywhere in 2017) Sponsor Dinner in London prior to the European symposium. Markets across the board were up, volatility was low, three The European fund finance market continues to grow, and the quarters of global GDP saw a pick-up in year-on-year terms in Board is looking forward to an evening there to both thank 2017, and the IMF is projecting stronger global GDP growth in our participating sponsors, but importantly provide a forum 2018 & 19 than 2017. -
Anthropology and Power to the People? Gillian Tett
Anthropology and Power to the People? Gillian Tett A couple of decades ago, I took a career move that seemed somewhat odd: Page 1 of 4 after I completed a PhD in social anthropology, I joined the Financial JBA 3(1): 132-135 Times newspaper to report on business and economics. At the time, my Spring 2014 colleagues were often baffled by the fact that I had studied anthropology, © The Author(s) 2014 not economics. So were many of the business executives and policy ISSN 2245-4217 makers I met. www.cbs.dk/jba That was no surprise. After all, in decades past, anthropologists and business leaders have often appeared to inhabit entirely different social tribes, in the Western world. The former were perceived to be devoted to studying exotic cultures and living fairly anti-establishment lives that were suspicious of money or capitalism; the latter were at the heart of the capitalist system and were usually far more interested in analyzing hard numbers than soft social issues. To a hard-bitten economist, banker or policy maker, a subject such as anthropology was thus apt to seem rather “hippy,” as one senior financier once remarked to me. Meanwhile, to many anthropologists, the world of Western business was not just morally dubious – but very boring compared to all the other issues and cultures that could be studied. Indeed, the gulf was so large that when I started my own PhD in anthropology at Cambridge University, in 1989, it never even occurred to me to study Western business: instead I headed off to Soviet Tajikistan, to study marriage rituals and ethnic identity in a remote mountain community; that fitted my idea (or prejudice) of what anthropology “should” be about. -
Author Talks: the Collection
Author Talks: The collection A series of interviews with authors of books on business and beyond. Summer/Winter 2021 Cover image: Edu Fuentes Copyright © 2021 McKinsey & Company. All rights reserved. This publication is not intended to be used as the basis for trading in the shares of any company or for undertaking any other complex or significant financial transaction without consulting appropriate professional advisers. No part of this publication may be copied or redistributed in any form without the prior written consent of McKinsey & Company. To request permission to republish an article, email [email protected]. Author Talks: The collection A series of interviews with authors of books on business and beyond. Summer/Winter 2021 Introduction Welcome to Author Talks, McKinsey Global Publishing’s series of interviews with authors of books on business and beyond. This collection highlights 27 of our most insightful conversations on topics that have resonated with our audience over this challenging pandemic period, including CEO-level issues, work–life balance, organizational culture shifts, personal development, and more. We hope you find them as inspirational and enlightening as we have. You can explore more Author Talks interviews as they become available at McKinsey.com/author-talks. And check out the latest on McKinsey.com/books for this month’s best-selling business books, prepared exclusively for McKinsey Publishing by NPD Group, plus a collection of books by McKinsey authors on the management issues that matter, from leadership and talent to digital transformation and corporate finance. McKinsey Global Publishing 2 Contents Leadership and Innovative thinking History organization 60 Gillian Tett on looking at the 97 Michelle Duster on the legacy of world like an anthropologist Ida B. -
Global Events
GLOBAL EVENTS Education • Professional Leverage • Networking • Philanthropy Industry Icons Sep 18, 2013 New York: A Conversation With Adena T. Friedman, Chief Financial Officer, The Carlyle Group Adena Friedman, Chief Financial Officer, The Carlyle Group Bill Stone, Founder and CEO, Moderator, SS&C Technologies Jun 3, 2013 Washington: Conversation with David M. Rubenstein, Co-Founder, The Carlyle Group David M. Rubenstein, Co-Founder, The Carlyle Group Jeffrey R. Houle, Moderator, Partner, DLA Piper Apr 3, 2013 New York: Fireside Chat with Saba Capital's Boaz Weinstein Boaz Weinstein, Founder & CIO, Saba Capital Stephanie Ruhle, Moderator, Anchor, Bloomberg Oct 30, 2012 Newport Beach: A Conversation with Dr. Mohamed El-Erian of PIMCO: Investing in a Zero-Interest Rate Environment Dr. Mohamed El-Erian, Chief Executive Officer and Co-CIO, PIMCO Lupin Rahman, Moderator, Executive Vice President, PIMCO Marc Seidner, Managing Director and Generalist Portfolio Manager, PIMCO Qi Wang, Managing Director and Portfolio Manager, PIMCO Oct 16, 2012 New York: Know Yourself and Your Decision-Making Process: A Conversation with Nobel Laureate Dr. Daniel Kahneman Dr. Daniel Kahneman, Eugene Higgins Professor of Psychology and Professor of Public Affairs Emeritus, Princeton University Jason Zweig, Moderator, Columnist, Wall Street Journal Sep 19, 2012 New York: Conversation with Eric E. Schmidt, Executive Chairman of Google Eric E. Schmidt, Executive Chairman, Google Apr 30, 2012 New York: An Armchair Discussion with John J. Mack on Leadership John J. Mack, former Chairman and CEO, Morgan Stanley Joanne Pace, Moderator, former Chief Operating Officer, Morgan Stanley Investment Management Jan 25, 2012 Geneva: Philippe Jabre Talks Markets Philippe Jabre, Chief Investment Officer, Jabre Capital Partners Dec 8, 2011 Los Angeles: Dinner Event with Howard Marks, Chairman, Oaktree Capital Oct 26, 2011 Los Angeles: Renee Haugerud, Founder, CIO & Managing Principal, Galtere, Ltd.