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Kearse, Rubens, Harkavy and Maier in Hall the ACBL Bridge Hall of Fame Added Four Amalya Kearse New Members Yesterday
November 20-30, 2003 77th Fall North American Bridge Championships New Orleans, Louisiana DailyVolume 77, Number 10 Sunday, November 30,Bulletin 2003 Editors: Henry Francis and Jody Latham Kearse, Rubens, Harkavy and Maier in Hall The ACBL Bridge Hall of Fame added four Amalya Kearse new members yesterday. Amalya Kearse (born 1937) of New York City, Amalya Kearse, a federal judge, and Jeff World Bridge Federation World Life Master and the Rubens, editor of The Bridge World, will share the first women to sit on the Federal Appeals court in Blackwood Award at the induction ceremonies Manhattan, is the co-recipient of the Blackwood which will take place in New York next summer. Award. The Blackwood Award is given for outstanding Kearse, now a senior judge on the United States contributions to bridge outside expertise at the Court of Appeals, is an attorney and former partner table. Both Kearse and Rubens, both of whom hail in the Wall Street firm of Hughes, Hubbard and from New York City, easily qualify. Reed. She took a pay cut — “about 75%,” she says Harry Harkavy of Miami Beach, originally of — to become a circuit judge. New York, and Merwyn “Jimmy” Maier of New She has no regrets about accepting the job. York City are co-winners of the Von Zedtwitz Most of her work is research and writing and “I like Award. This is given to players who made their judging.” mark as players or in other key areas of bridge. For years, she juggled her work load with Both Harkavy and Maier were outstanding players bridge. -
The Commodity Exchange Act TESTIMONY of ROBERT G
Senate Agriculture Committee: The Commodity Exchange Act TESTIMONY OF ROBERT G. EASTON ON BEHALF OF THE MANAGED FUTURES ASSOCIATION BEFORE THE COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY UNITED STATES SENATE Mr. Chairman and members of the Committee: My name is Robert G. Easton and I am the Chairman and Chief Executive Officer of Commodities Corporation Limited located in Princeton, N.J. I also am Chairman of the Government Relations Committee of the Managed Futures Association ("MFA"). I appreciate the opportunity to testify on behalf of MFA at this hearing on the Commodity Exchange Act. MFA, a not-for-profit national trade association with over 600 members, represents the managed futures industry. The objective of the MFA is to enhance the image and understanding of the industry, to further constructive dialogue with regulators in pursuit of regulatory reform, and to improve communication with, and training of, the Association's members through effective conferences and communication programs. MFA is governed by an elected board of directors and has offices in Washington, D.C. and California. MFA membership is composed primarily of commodity pool operators and commodity trading advisors who are responsible for the discretionary management of the vast majority of the estimated $20 billion currently invested in managed futures products, including commodity pools and managed futures accounts. Commodities Corporation Limited is an MFA member and is registered as both a commodity pool operator and a commodity trading advisor, managing client capital and its parent company's proprietary capital since 1969. Currently, our company has over $1.3 billion under management. The business operations of MFA members are subject to regulation under the Commodity Exchange Act (the "Act") by the Commodity Futures Trading Commission ("CFTC") and, pursuant to delegation of certain regulatory functions under the Act, by the industry's self regulatory organization, the National Futures Association ("NFA"). -
American Contract Bridge League Hall of Fame
AMERICAN CONTRACT BRIDGE LEAGUE HALL OF FAME OPERATING PROCEDURES IN EFFECT FOR ELECTION YEAR 2006 TABLE OF CONTENTS 1. Powers and Purpose ................................................................................................................................1 2. Committee Composition and Appointment.............................................................................................1 3. Committee Records.................................................................................................................................2 4. Nomination Criteria, Rules and Procedures............................................................................................2 5. Election Procedures.................................................................................................................................4 6. Timeline ..................................................................................................................................................4 7. Committee Operating Procedures ...........................................................................................................7 8. The Hall of Fame Banquet ....................................................................................................................8 APPENDIX I HALL of FAME PERFORMANCE CRITERIA..........................................................9 - 10 APPENDIX II HALL OF FAME ELECTORS …………. .……………………………………….. 11 - 12 This document incorporates changes from 051 & 052 ACBL Board of Director Meetings ELECTION -
Anaheim Angels?–Not Exactly
Presents Anaheim Angels?–Not Exactly Appeals at the 2000 Summer NABC Plus cases from the World Teams Olympiad Edited by Rich Colker ACBL Appeals Administrator Assistant Editor Linda Trent ACBL Appeals Manager CONTENTS Foreword ...................................................... iii The Expert Panel.................................................v Cases from Anaheim Tempo (Cases 1-21)...........................................1 Unauthorized Information (Cases 22-26)..........................75 Misinformation (Cases 27-43) ..................................90 Other (Case 44-48)..........................................142 Cases from the 11th World Teams Bridge Olympiad, Maastricht..........158 Tempo (Cases 49-50)........................................159 Misinformation (Cases 51-55) .................................165 Closing Remarks From the Expert Panelists..........................182 Closing Remarks From the Editor..................................186 The Panel’s Director and Committee Ratings .........................191 NABC Appeals Committee .......................................192 Abbreviations used in this casebook: AI Authorized Information AWMW Appeal Without Merit Warning LA Logical Alternative MI Misinformation PP Procedural Penalty UI Unauthorized Information i ii FOREWORD We continue our presentation of appeals from NABC tournaments. As always, our goal is to inform, provide constructive criticism, and foster change (hopefully) for the better in a manner that is entertaining, instructive and stimulating. The ACBL -
Hedge Fund Investors
Further Praise for Inside the House of Money from Hedge Fund Investors “Drobny has done a great job of capturing the inner workings of macro trading by interviewing some of the most interesting people in the fi eld today. This book is a treat and a must-read if you want to understand how the market’s best manage their portfolios.” —Mark Taborsky, Vice President, External Management Harvard Management Company “Inside the House of Money provides a unique insight into the hedge fund business. For those who think hedge funds are mysterious, here they will fi nd them transparent. Readers will be fascinated to see that there are so many ways to make money from an idea.” —Bernard Sabrier, Chairman, Unigestion “With its behind-the-scenes perspective and macro focus, this book is an entertaining, educational read, and also fi lls a substantial gap in hedge fund literature.” —Jim Berens, Cofounder and Managing Director, Pacifi c Alternative Asset Management Company (PAAMCO) “An exciting, fast-paced insider’s look at the elite, often mysterious world of high fi nance. This book is the real deal. An absolute must-read for every endowment, foundation, or pension fund offi cer considering investing with hedge funds.” —Michael Barry, Chief Investment Offi cer, University of Maryland Endowment INSIDE THE HOUSE OF MONEY Top Hedge Fund Traders on Profi ting in the Global Markets Revised and Updated STEVEN DROBNY Foreword by Niall Ferguson Cover Design: Michael J. Freeland Cover Photograph: © Getty Images Copyright © 2006, 2009, 2014 by Steven Drobny. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. -
Conference Guide Conference Sponsors
TALKING HEDGE Talking Managed Futures & Global Macro: Strategies to Optimize Institutional Portfolios November 2-3, 2016 | OMNI Downtown Austin CONFERENCE GUIDE CONFERENCE SPONSORS 100 Canal Pointe Boulevard ● Suite 214 ● Princeton, New Jersey 08540 609.252.9015 www.ccrow.com TALKING HEDGE Welcome to the delegation of Talking Managed Futures and Global Macro: Strategies to Optimize Institutional Portfolios. We are delighted you can join us and confident that you will receive a solid return on your investment in this event. We formed Talking Hedge to bring together the best minds in alternative investing—allocators, managers and solutions providers—to have open and candid discussions about the challenges each group faces. Our events are designed specifically to give you time to talk and time to meet in a meaningful way. Our goal is for you to walk away with the information you need to meet the challenges of tomorrow. We extend a special thanks to our partner Remy Marino and his team at Deutsche Bank for their partnership and creativity in helping us shape the discussion for a second consecutive year. Our sincere appreciation to all of our sponsoring firms: Abraham Trading Company, Arthur Bell, Campbell & Company, CME Group, Crow & Cushing, Efficient Capital Management, ISAM, Lyxor Asset Management, Quadratic Capital Management, RCM Alternatives, Sunrise Capital Management and Thales Trading Solutions for recognizing the value of this forum and collaborating with us to ensure its success. A special shout-out to RCM Alternatives and Arthur Bell for sponsoring our opening reception! We would also like to thank our stellar speaking faculty for taking the time to develop thoughtful and thought-provoking sessions that will provide much to discuss over coffee and cocktails. -
Introduction 1 Asset Allocation in Commodity Markets 2 Passive
Notes Introduction 1. Based on the data of the Bank of International Settlements (www.bis.org). 1 Asset Allocation in Commodity Markets 1. The term “top-down” denotes a mode of investment decisions in which the portfolio manager makes the choice of instruments, starting with the broadest category (markets, industries) and ending with the most specific one (individual stocks, instruments). 2. Without taking taxes into account, since, when ignoring this assumption, the capital structure matters. 3. Another classification is referred to by Schneeweis, Crowder, and Kazemi (2010, pp. 91–108), who divide the allocation into strategic allocation, tactical alloca- tion, and dynamic allocation. 4. The concepts of active and passive investment strategies in relation to the com- modity markets have been used, for example, in studies by McFall Lamm (2005) and Engelke and Yuen (2008). 2 Passive Investment Strategies in Commodity Markets 1. The basic form of a futures contract is the same as of a forward contract. The difference is that the futures are settled at the end of each day. We can say that a forward contract is like a string of futures contracts. The credit risk of the futures contract is virtually eliminated (but, of course, there is a probabil- ity that the counterpart fails to complete the contract), because the parties to the transaction pay the initial margin (when the account balance falls below a certain agreed minimum, the investor must submit an additional margin; if he does not, his position will be closed before the margin is used). The futures con- tracts are standardized; the underlying assets, the maturity dates of the contracts (four per year), contract volumes; for example, only the price is negotiated, as opposed to the forward contracts, which are all negotiated (definition by http:// pl.wikipedia.org/wiki/Futures, accessed on August 12, 2013). -
Liquid CTA/Macro Strategies & Their Role in Providing Portfolio
June 2012 Futures and OTC Clearing Moving Into the Mainstream: Liquid CTA/Macro Strategies & Their Role in Providing Portfolio Diversification A Prime Finance Business Advisory Services Publication Methodology Table of Contents Key Findings 4 Methodology 6 Introduction 7 Section One: CTA/Macro Strategies Emerge as a Key Portfolio Diversifier 8 Section Two: Growing Sophistication of Systematic Trading Prompts Major Industry Realignment 19 Section Three: Layered Distribution Approaches Offer Diversified Options for Accessing Capital 30 Conclusion 42 Moving Into the Mainstream: Liquid CTA/Macro Strategies and Their Role in Providing Portfolio Diversification I 3 Key Findings Investors’ interest in Liquid Commodity Trading Advisor (CTA)/Macro strategies accelerated sharply after the 2008 Global Financial Crisis, as these managers’ outperformed long-only and hedge fund strategies and provided a ready source of liquidity to cash-strapped investors. This was broadly cited as the “2008 Effect”. • Managed Futures assets under management (AUM) grew There has been a decisive shift within the Liquid CTA/ 52% between the end of 2007 and 2011 . Hedge fund Macro manager landscape toward systematic as opposed to industry AUM grew only 5% in that corresponding period.1 discretionary trading. Whereas AUM was fairly evenly split between these two approaches in 2000 (55% systematic and • Managed Futures increased market share as a result, rising 45% discretionary),that ratio changed dramatically to 83% from 10% of combined industry AUM in 2007 to 14% by the systematic and 17% discretionary by the end of 2011.2 end of 2011. • Most of the exchange trading pits have become electronic • The inclusion of Liquid CTA/Macro managers in investor in the past decade, and the number of floor traders has portfolios reflects rising conviction that these managers offer dwindled significantly. -
STATISTICA Nell’Altra Metà Con Una Frequenza Del Analisi 4.3.3.3 (6ª Parte) Restante 35,8%
________________________________________________________________________________ Trimestrale di Infobridge curato da Marco Troiani – I Trimestre 2019 STATISTICA nell’altra metà con una frequenza del Analisi 4.3.3.3 (6ª Parte) restante 35,8%. Continua l’analisi della distribuzione piatta La linea 12.7.4.3 può configurarsi in 18 4.3.3.3 intrapresa nei numeri precedenti modi diversi che sono a fianco mostrati. della rivista. Prg. Ovest Est Linea EO 1 8 1 4 0 12 4 7 3 Le linee capaci di esprimere un fit 2 8 1 0 4 12 4 3 7 dodicesimo partendo da una distribuzione 3 8 4 1 0 12 7 4 3 piatta del tipo 4.3.3.3 sono 5 delle 108 4 8 0 1 4 12 3 4 7 possibili, e più precisamente: 5 8 0 4 1 12 3 7 4 12.8.3.3 6 8 4 0 1 12 7 3 4 12.7.4.3 7 3 9 1 0 7 12 4 3 12.6.5.3 8 3 9 0 1 7 12 3 4 9 3 0 9 1 7 3 12 4 12.6.4.4 4.3.3.3 12.5.5.4 10 0 9 4 0 4 12 7 3 11 0 9 0 4 4 12 3 7 Partendo con una 4♠.3♥.3♦.3♣, ognuna 12 0 4 9 0 4 7 12 3 delle 5 linee è configurabile in più modi 13 0 0 9 4 4 3 12 7 che meritano di essere analizzati più in 14 0 0 4 9 4 3 7 12 dettaglio. -
ED 034 C38 INSTITUTION Repert Nc Available from EDRS Price
DOCUMENT RESUME ED 034 C38 VT 009 603 TITLE Recreaticn Prcgram leadership; A Suggested Twc-Year Post High Schcol Curriculum. INSTITUTION Office of Education (DHEW), Washington, E.C. Div. of Manpower Develcpment and Training. Repert Nc CE-87042 Put Date 69 Note 94p. Available from Superintendent cf Documents, U.S. Government Printing Office, Washington, E.C. 20402 (PS5.287:87042, $1.00) EDRS Price ERRS Price MF-$0.50 HC Not Available from HES. Descriptors *Curriculum Guides, Curriculum Planning, Fcst Seccndary Education, Prcgram Develcpment, *Prcgram Guides, *Program Planning, *Recreation, Recreational Activities, Recreational programs, *Technical Educaticn Abstract This curriculum guide will aid administrators, supervisors, and teachers inpost-high school institutions in planning and implementing programs designed tc train recreation Prcgram leaders. Ccntentsof the suggested 2-year curriculum cover: (1) tackgrcund of the program,(2) general considerations such as selection of students, faculty, advisory committee, andinstructional materials needed,(3) general curriculum information, (4)a secticn of course outlines, including hoursrequired, course descriptions, majordivisions, and suggested references,(5) equipment, facilities, and costs, and (6) lists cf references, films, and filmstrips. Courseoutlines arc given fcr:(1) Introduction to Recreation Services, (2) Grcup Leadership,(3) Prcgram Planning and Organization, (4) Sccial Recreation,(5) Cutdoor Fecreaticn,(6) Arts and Crafts,(7) Individual Lifetime SpIts, (8) Team Sports, (9) Water-Related Sports, (10) Drama,(11) Music,(12) Folk, Square, and Sccial Eancingv and (13)Field Work I, II, and III. Appendixes include listingsof related agencies, a sample job description, periodicals and professional journals, sample ccritracts and reports, and rating forms. The guide is illustrated with charts,graphs, and diagrams. -
INFORMATION to USERS the Most Advanced Technology Has Been Used to Photo Graph and Reproduce This Manuscript from the Microfilm Master
INFORMATION TO USERS The most advanced technology has been used to photo graph and reproduce this manuscript from the microfilm master. UMI films the text directly from the original or copy submitted. Thus, some thesis and dissertation copies are in typewriter face, while others may be from any type of computer printer. The quality of this reproduction is dependent upon the quality of the copy submitted. Broken or indistinct print, colored or poor quality illustrations and photographs, print bleedthrough, substandard margins, and improper alignment can adversely affect reproduction. In the unlikely event that the author did not send UMI a complete manuscript and there are missing pages, these will be noted. Also, if unauthorized copyright material had to be removed, a note will indicate the deletion. Oversize materials (e.g., maps, drawings, charts) are re produced by sectioning the original, beginning at the upper left-hand corner and continuing from left to right in equal sections with small overlaps. Each original is also photographed in one exposure and is included in reduced form at the back of the book. These are also available as one exposure on a standard 35mm slide or as a 17" x 23" black and white photographic print for an additional charge. Photographs included in the original manuscript have been reproduced xerographically in this copy. Higher quality 6" x 9" black and white photographic prints are available for any photographs or illustrations appearing in this copy for an additional charge. Contact UMI directly to order. University Microfilms International A Bell & Howell Information Company 3 0 0 North Z eeb Road, Ann Arbor, Ml 48106-1346 USA 313/761-4700- 800/521-0600 Order Number 0011115 The effect of dance/movement on the self-concept of developmentally handicapped fourth and fifth grade students Allen, Beverly Joyce, Ph.D. -
Denmark Secure the First Medal
8th World Youth Bridge Team Championship RIO DE JANEIRO MANGARATIBA, 6-15 August 2001 Wednesday, 15 August 2001 Bulletin 9 DAILY BULLETIN Editor: Mark Horton – Co-editor: Stefan Back – Layout Editor: Stelios Hatzidakis Denmark Secure The First Medal By defeating Thailand 191-123.5 IMPs Den- mark, represented by Michael Askgaard, Gregers Bjarnarson, Kare Gjaldbaek, Jonas Houmoller, Andreas Marquardsen and Mar- tin Schaltz took third place. It was the fourth consecutive medal for Denmark in these Champi- onships, having previously won bronze medals in Bali and Fort Lauderdale and a gold in Hamilton in 1997. Although they did not win a medal the team rep- resenting Thailand won the admiration of every- one for their enthusiasm and the infectious behav- ior they displayed at the table. USA I go into today's two remaining sessions of Jaime (Jimmy) Ortiz-Patino, President of the World the final with a huge advantage as they lead Israel Bridge Federation from 1976-1986 arrived yesterday and 174 -93 IMPs. immediately took the opportunity to look over the superb facilities accompanied by Panos Gerontopoulos, They took full advantage of their opponents President of the WBF Youth Committee. mistakes to establish a commanding lead after three of yesterday's four sessions but full credit to the Israeli team who came back to win the final ses- Table of Contents sion of the day to just about keep their hopes alive. Final & Playoff Results . 2 In the Swiss pairs event Agustin Madala and The Edgar Kaplan Page . 3 Pablo Ravenna had an excellent final day and USA I v ISRAEL .