Alpha Sorted by Symbol; Numerical Sorted by NSCC Clearing Participant Then Executing Broker) November 2014
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TEACHERS' RETIREMENT SYSTEM of the STATE of ILLINOIS 2815 West Washington Street I P.O
Teachers’ Retirement System of the State of Illinois Compliance Examination For the Year Ended June 30, 2020 Performed as Special Assistant Auditors for the Auditor General, State of Illinois Teachers’ Retirement System of the State of Illinois Compliance Examination For the Year Ended June 30, 2020 Table of Contents Schedule Page(s) System Officials 1 Management Assertion Letter 2 Compliance Report Summary 3 Independent Accountant’s Report on State Compliance, on Internal Control over Compliance, and on Supplementary Information for State Compliance Purposes 4 Independent Auditors’ Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards 8 Schedule of Findings Current Findings – State Compliance 10 Supplementary Information for State Compliance Purposes Fiscal Schedules and Analysis Schedule of Appropriations, Expenditures and Lapsed Balances 1 13 Comparative Schedules of Net Appropriations, Expenditures and Lapsed Balances 2 15 Comparative Schedule of Revenues and Expenses 3 17 Schedule of Administrative Expenses 4 18 Schedule of Changes in Property and Equipment 5 19 Schedule of Investment Portfolio 6 20 Schedule of Investment Manager and Custodian Fees 7 21 Analysis of Operations (Unaudited) Analysis of Operations (Functions and Planning) 30 Progress in Funding the System 34 Analysis of Significant Variations in Revenues and Expenses 36 Analysis of Significant Variations in Administrative Expenses 37 Analysis -
MARKETAXESS HOLDINGS INC. (Exact Name of Registrant As Specified in Its Charter)
Exhibit I-3 Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2012 ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-34091 MARKETAXESS HOLDINGS INC. (Exact name of registrant as specified in its charter) Delaware 52-2230784 (State of incorporation) (IRS Employer Identification No.) 299 Park Avenue, New York, New York 10171 (Address of principal executive offices) (Zip Code) (212) 813-6000 (Registrant’s telephone number, including area code) SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of each class: Name of each exchange on which registered: Common Stock, par value $0.003 per share NASDAQ Global Select Market SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes x No ¨ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. -
Financial Technology Sector Report
FINTECH SECTOR REPORT October 2018 Q3 2018 INSURANCE TECHNOLOGY SECTOR SUMMARY Case Study: Sale of QuoteWizard.com LLC to LendingTree, Inc. (NasdaqGS: TREE) GCA acted as exclusive financial advisor to QuoteWizard, provider of a customer acquisition technology platform, on its sale to LendingTree. Transaction Summary Strategic Rationale ▪ On October 4th, 2018, QuoteWizard.com LLC ▪ QuoteWizard will immediately establish LendingTree as a (“QuoteWizard”) announced it had entered into a leader in the high growth online insurance market definitive agreement to be acquired by LendingTree, Inc. − Since its founding in 2006, QuoteWizard has helped (NasdaqGS:TREE) (“LendingTree”) for up to $370MM over 40 million consumers compare and find TRANSACTION DETAILS − $300MM in up-front consideration at close, payable insurance policies online Closed in cash October 2018 ▪ QuoteWizard’s customer acquisition technology platform − $70MM in potential earn-out consideration based and network of over 30 top tier carriers and 10,000 SECTOR on achievement of certain growth milestones in the insurance agents across the country create a scale and Insurance Technology first three years following transaction close network advantage for high-quality insurance lead distribution Digital Media ▪ The QuoteWizard management team, led by CEO Scott Peyree, will continue as QuoteWizard leadership − Will significantly expand LendingTree’s relationships DEAL TYPE following closing with insurance carriers and agents enable cross M&A ▪ QuoteWizard generated $75.6MM in revenue -
2015 GIOA Corporate Attendees
2015 GIOA Corporate Attendees Last Name First Name Title Entity Hall Wes Vice President, Investments Alamo Capital Mullally Ben Vice President, Investments Alamo Capital Bove Dave Managing Director Amherst Pierpont Brudzinski Beau Vice President Amherst Pierpont DiCamillo, CFA Dan Vice President Amherst Pierpont Markaity Dan Consultant Amherst Pierpont Teifeld Mike Managing Director Amherst Pierpont Holmen Christopher Investments Andress Enterprises Deshmukh Nisha Vice President, Business Development ASPN Solutions Li Shen Trader Bank of America Merrill Lynch Hayes Sean Vice President, SSA Origination & Syndicate Bank of Montreal Conley Craig Vice President - Fixed Income Bank of the West Ching Jerry Agency Trader Barclays Fisher Michael Rates Sales Barclays Bjursten Peter Director Barclays Capital Boyd Lewis Agency Trader BB&T Capital Markets Short Tom Senior Vice President BB&T Capital Markets Tollefsen Ed Senior Vice President Blaylock Beal Van LLC Graham Scott Co-Head Fixed Inc Sales US/Head Prim Dealer BMO Capital Markets Pilsbury Bill Interest Rate Sales BMO Capital Markets Mitrovich Mark Vice Pres - Institutional Market BMO Harris Bank Preiner David B. National Director - Relationship Devel BMO Trust & Custody Services Gavula Steve Vice President - Fixed Income BNP Paribas Mulhern Stephen Vice President BNP Paribas Shubert Craig Director BNP Paribas Hennessy Anna Vice President, Sales BNY Mellon Isaac David Managing Director BNY Mellon Jacobs Christopher Head of Sales BNY Mellon Coughlin Sean Vice President BNY Mellon Capital Markets Jemison Johnnie VP, Senior Portfolio Manager BNY Mellon Wealth Management Glidden Jason Vice Pres - Institutional Fixed Income BOSC, Inc Lewis Camee Vice President BOSC, Inc Maher Brian Taxable Trader BOSC, Inc Rietveld Joel Fixed Income Strategy BOSC, Inc Fitzpatrick Michael (Mike) Managing Director Brean Capital, LLC Sapoch William (Bill) Director Brean Capital, LLC Wells Les Marketing Consultant Business Data Links, Inc. -
Disciplined Alpha Dividend As of 6/30/2021
Disciplined Alpha Dividend As of 6/30/2021 Equity Sectors (Morningstar) Growth of $100,000 % Time Period: 1/1/2003 to 6/30/2021 Consumer Defensive 22.3 625,000 Healthcare 15.8 550,000 Consumer Cyclical 14.7 Financial Services 13.9 475,000 Industrials 12.6 400,000 Technology 8.2 325,000 Energy 4.4 250,000 Communication Services 3.7 Real Estate 2.5 175,000 Basic Materials 1.9 100,000 Total 100.0 25,000 Strategy Highlights Pursues a high level of current income and long-term capital appreciation utilizing Trailing Returns Inception Date: 1/1/2003 proprietary top-down and bottom-up analysis Seeks a substantially higher dividend yield than the broad market YTD 1 Yr 3 Yrs 5 Yrs 10 Yrs 15 Yrs Incpt Invests primarily in 25- 50 companies with dividend growth potential Disciplined Alpha Dividend (Gross) 16.19 40.38 14.47 14.15 12.74 10.09 10.18 Offers the potential for competitive upside performance in strong market Disciplined Alpha Dividend (Net) 15.63 39.02 13.28 12.93 11.51 8.82 8.90 environments and the potential for lower downside risk in weak environments Morningstar US Value TR USD 17.03 41.77 10.76 11.29 10.92 7.61 9.43 Calendar Year Returns Disciplined Alpha Dividend – Top Holdings* 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 Portfolio Disciplined Alpha Dividend (Gross) 8.62 25.26 -3.48 16.20 17.06 -3.52 11.05 38.86 10.97 2.96 Weighting % Disciplined Alpha Dividend (Net) 7.51 23.91 -4.54 14.93 15.72 -4.58 9.81 37.33 9.67 1.77 Exxon Mobil Corp 2.52 Welltower Inc 2.43 Morningstar US Value TR USD -1.31 25.09 -7.51 14.23 20.79 -2.16 -
17-19 November 2020
17-19 November 2020 https://financeusa.solarenergyevents.com Confirmed Organizations: 38 DEGREES NORTH EC CAPITAL NATURAL POWER CONSULTANTS AB POWER ADVISORS ECOS ENERGY NAUTILUS SOLAR ENERGY, LLC AETHER INVESTMENT PARTNERS EMERGING ENERGY & ENVIRONMENT INVESTMENT GROUP LLC NEW ENERGY EQUITY AGILITAS ENERGY, LLC ENBALANCE STORAGE NJR CLEAN ENERGY VENTURES AMARESCO ENCORE RENEWABLE ENERGY NORD LB AMERICAS ENERGY GROUP ENEL X NUVEEN, A TIAA COMPANY APRICITY RENEWABLES INC. ENERGY STORAGE DEVELOPMENT PARTNERS ONYX RENEWABLE PARTNERS, LP. ASCEND ANALYTICS ENERGY TOOLBASE ORIGIS ENERGY AVANA CAPITAL ENERVEST CAPITAL ORIGIS SERVICES BLACKROCK FTI CONSULTING PEAK POWER BLATTNER ENERGY GINLONG TECHNOLOGIES PIVOT ENERGY BLOOMBURG GLOBUS THENKEN POWER AFRICA-USAID BLUE WAVE SOLAR GRIDSME PV TECH RESEARCH BNRG HECATE ENERGY RABOBANK BORALEX HELIOLYTICS RADIENT REIT BOSTONIA PARTNERS HELIOVAAS RIGUP BRETTS SOLUTIONS HODGSON RUSS ROTH CAPITAL PARTNERS BRIGHTNIGHT INVESTEC HOLDINGS SEMINOLE FINANCIAL SERVICES BVT ITRI SILICON RANCH C2 ENERGY CAPITAL JAVELIN CAPITAL SOLAMERICA ENERGY CALVERT IMPACT CAPITAL JINKO SOLAR SOLAR RANCH DEVELOPMENT CENTROPLAN USA LLC KAISERWETTER ENERGY ASSET MANAGEMEMT SOLAR RANCH DEVELOPMENT COMPANY CIT BANK KEYBANC CAPITAL MARKETS SOLARIS GLOBAL LLC CITADEL LECLANCHE SOLAS ENERGY CONSULTING CLEAN HORIZON LIBERTY RENEWABLES SOLIS INVERTERS CLEANCAPITAL LIGHTSOURCE BP STANDARD SOLAR INC. CLIFFVIEW PARTNERS LIVE OAK BANK STARKPOINT CAPITAL ADVISORS, LLC CNB LONGI SOLAR STEM COMMONWEALTH BANK OF AUSTRALIA LS POWER SUNLIGHT GENERAL CAPITAL COMMUNITY ENERGY M&T BANK SUNTECH CONEDISON MAP ENERGY SUSGEN CPS ENERGY MARATHON CAPITAL SUSTAINABLE WESTCHESTER CUBICO MITSUBISHI HEAVY INDUSTRIES AMERICA, INC. TMEIC CUSTOMIZED ENERGY SOLUTIONS MOMENTUM ENERGY STORAGE PARTNERS TORTOISE ADVISORS DAYMARK ENERGY ADVISORS MONARCH PRIVATE CAPITAL U.S. DEPARTMENT OF ENERGY DLA PIPER MOTT MACDONALD UL DNV-GL MUNICHRE USAID/ POWER AFRICA. -
Download IPO Report
Donnelley Financial Solutions US IPO Report - December 2020 Edition Congratulations to the 74 December issuers and their advisors on the ~$159 Billion "2020 - an unforgettable year for IPOs! successful completion of their IPO. As I look back on all the successes we Total Raised in 2020 DFIN was proud to have serviced shared with our clients - perseverance, AbCellera Biologics, Altitude hard work, compassion, and great Acquisition, BioAtla, CBRE partnerships led us to successfully Acquisition, 17 Education & 2020 Priced (count) complete 197 IPOs during a year with Technology Group, 4D Molecular 100 so many challenges. An incredibly Therapeutics, Wish, DoorDash, active pipeline, robust valuations, Far Peak Acquisition, Golden vaccine deployment and newfound Falcon Acquisition, Gores hope brings much optimism for 2021." Holding VI, Marquee Raine CRAIG CLAY, PRESIDENT, DONNELLEY FINANCIAL SOLUTIONS 0 Acquisition, Periphas Capital JAN FEB MAR APR MAY JUNE JULY AUG SEP OCT NOV DE… Partnering, Pharming Group NV, Silverback Therapeutics, Thayer 91 League Table *Top 25 Ventures Acquisition, Upstart Issuer's Counsel Count Holdings, and the largest offering IPOs publicly filed in December Ellenoff Grossman 48 this year Airbnb! bringing total count for 2020 to 621. In Kirkland & Ellis 41 2019, there were 293 total filings and Skadden Arps 38 Latham & Watkins LLP 33 296 in 2018. 156 of 2020 filings are Cooley LLP 30 December Priced (count) pending pricing. Goodwin Procter 27 2017 (15) White & Case 23 Davis Polk 19 Sector Breakdown (non-SPACs) 2018 (17) Loeb & Loeb 16 Wilson Sonsini 16 49.8% Healthcare 2019 (13) Winston & Strawn 15 24.08% Technology Ropes & Gray 14 2020 (74) Weil Gotshal 14 11.42% Consumer 2020 Priced Simpson Thacher 11 7.35% Industrial Graubard Miller 9 Greenberg Traurig 9 7.35% Financial 50% of the priced IPOs in 2020 were Paul Weiss 7 SPACs with a total count for the year Sheppard Mullin 7 WilmerHale 7 248 with a total valuation of ~$76 Healthcare Fenwick & West 6 billion. -
The Toronto-Dominion Bank U.S. Resolution Plan Section I: Public Section December 31, 2018
The Toronto-Dominion Bank U.S. Resolution Plan Section I: Public Section December 31, 2018 THIS PAGE LEFT WAS LEFT BLANK INTENTIONALLY The Toronto-Dominion Bank – U.S. Resolution Plan Public Section Table of Contents Table of Contents I. SUMMARY of RESOLUTION PLAN ______________________________________________ 4 A. Resolution Plan Requirements ______________________________________________________ 4 B. Name and Description of Material Entities ____________________________________________ 6 C. Name and Description of Core Business Lines __________________________________________ 8 D. Summary Financial Information – Assets, Liabilities, Capital and Major Funding Sources _______ 9 E. Description of Derivative and Hedging Activities _______________________________________ 12 F. Memberships in Material Payment, Settlement and Clearing Systems _____________________ 13 G. Description of Foreign Operations __________________________________________________ 14 H. Material Supervisory Authorities ___________________________________________________ 15 I. Principal Officers ________________________________________________________________ 17 J. Resolution Planning Corporate Governance Structure & Process __________________________ 19 K. Description of Material Management Information Systems ______________________________ 20 L. High Level Description of Resolution Strategy _________________________________________ 21 Page | 3 The Toronto-Dominion Bank – U.S. Resolution Plan Public Section I. Summary of Resolution Plan A. Resolution Plan Requirements -
Td Bank Group Q 2 202 1 Earnings Conference Call May 2 7 , 202 1 Disclaimer
TD BANK GROUP Q 2 202 1 EARNINGS CONFERENCE CALL MAY 2 7 , 202 1 DISCLAIMER THE INFORMATION CONTAINED IN THIS TRANSCRIPT IS A TEXTUAL REPRESENTATION OF THE TORONTO-DOMINION BANK’S (“TD”) Q2 2021 EARNINGS CONFERENCE CALL AND WHILE EFFORTS ARE MADE TO PROVIDE AN ACCURATE TRANSCRIPTION, THERE MAY BE MATERIAL ERRORS, OMISSIONS, OR INACCURACIES IN THE REPORTING OF THE SUBSTANCE OF THE CONFERENCE CALL. IN NO WAY DOES TD ASSUME ANY RESPONSIBILITY FOR ANY INVESTMENT OR OTHER DECISIONS MADE BASED UPON THE INFORMATION PROVIDED ON TD’S WEB SITE OR IN THIS TRANSCRIPT. USERS ARE ADVISED TO REVIEW THE WEBCAST (AVAILABLE AT TD.COM/INVESTOR) ITSELF AND TD’S REGULATORY FILINGS BEFORE MAKING ANY INVESTMENT OR OTHER DECISIONS. FORWARD - LOOKING INFORMATION From time to time, the Bank (as defined in this document) makes written and/or oral forward-looking statements, including in this document, in other filings with Canadian regulators or the United States (U.S.) Securities and Exchange Commission (SEC), and in other communications. In addition, representatives of the Bank may make forward-looking statements orally to analysts, investors, the media and others. All such statements are made pursuant to the “safe harbour” provisions of, and are intended to be forward-looking statements under, applicable Canadian and U.S. securities legislation, including the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements made in this document, in the Quarterly Report to Shareholders for the quarter ended April 30, 2021 under the heading “How We Performed”, including under the sub-headings “Economic Summary and Outlook” and “The Bank's Response to COVID-19”, and under the heading “Managing Risk”, and statements made in the Management’s Discussion and Analysis (“2020 MD&A”) in the Bank’s 2020 Annual Report under the headings “Economic Summary and Outlook” and “The Bank’s Response to COVID-19”, for the Canadian Retail, U.S. -
Office of the State Treasurer Summary of Responses to Request For
Office of the State Treasurer Summary of Responses to Request for Disclosure July 1, 2017 through June 30, 2018 INVESTMENT PAID 3RD COMPANY NAME DIVISION SERVICES PAYMENT ARRANGEMENTS COMMENTS PARTY FEES? PROVIDER? Aberdeen Asset Management Inc. PFM Yes No ACA Financial Guaranty Corporation DEBT Yes No Acacia Financial Group, Inc. DEBT Yes No Academy Securities DEBT Yes No Acadian Asset Management, Inc. PFM Yes No AIG Financial Products Corp. DEBT Yes No Alliance Bernstein ("AB") PFM Yes No Altaris Constellation Partners IV, L.P. PFM Yes No Altaris Health Partners II, L.P. PFM Yes No Altaris Capital Partners, LLC was paid management fees Management fees are permissible third party payments. (See C.G.S. § Altaris Health Partners III, L.P. PFM Yes Yes totaling $180,961 pursuant to the Limited Partnership 3-13l (b)(2). Agreement. Altaris Capital Partners, LLC was paid management fees Management fees are permissible third party payments. (See C.G.S. § Altaris Health Partners IV, L.P. PFM Yes Yes totaling $86,119 pursuant to the Limited Partnership 3-13l (b)(2). Agreement. Ambac Assurance Corporation DEBT Yes No American Realty Advisors PFM Yes No AMTEC Corp. DEBT No No Anderson, Kill & Olick PFM Yes No Aon Hewitt Investment Consulting, Inc. PFM Yes No Apollo Capital Management VIII, LLC PFM Yes No Apollo Capital Management IX, LLC PFM Yes No Appomattox Advisers, Inc. PFM Yes No (Thomas Welles Fund I, LLC ) AQR Capital Management, LLC PFM Yes No Arclight Energy Partners Fund V, L.P. PFM Yes No TransPacific Group LLC was paid $2,100,000 in connection Placement agent fees are permissible third party payments. -
The Hidden Alpha in Equity Trading Steps to Increasing Returns with the Advanced Use of Information
THE HIDDEN ALPHA IN EQUITY TRADING STEPS TO INCREASING RETURNS WITH THE ADVANCED USE OF INFORMATION TABLE OF CONTENTS 1 INTRODUCTION 4 2 MARKET FRAGMENTATION AND THE GROWTH OF INFORMATION 5 3 THE PROLIFERATION OF HIGH FREQUENCY TRADING 8 4 FLASH CRASHES, BOTCHED IPOS AND OTHER SYSTEMIC CONCERNS 10 5 THE CHANGING INVESTOR-BROKER RELATIONSHIP 11 6 THE INFORMATION OPPORTUNITY FOR INSTITUTIONAL INVESTORS 13 7 STEPS TO FINDING HIDDEN ALPHA AND INCREASED RETURNS 15 1. INTRODUCTION Following regulatory initiatives aimed at creating THE TIME DIFFERENCE IN TRADING competition between trading venues, the equities market has fragmented. Liquidity is now dispersed ROUTES; PEOPLE VS. COMPUTERS across many lit equity trading venues and dark pools. This complexity, combined with trading venues becoming electronic, has created profit opportunities for technologically sophisticated players. High frequency traders (HFTs) use ultra-high speed connections with trading venues and sophisticated trading algorithms to exploit inefficiencies created by the new market vs. structure and to identify patterns in 3rd parties’ trading that they can use to their own advantage. Person Computer For traditional investors, however, these new market conditions are less welcome. Institutional investors find JUST HOW FAST ARE TRADERS PROCESSING TRADES? themselves falling behind these new competitors, in » Traders that take advantage of technology can create large part because the game has changed and because programs that trade in milliseconds. In many cases they lack the tools -
Deutsche Bank Securities Complaint
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION, 450 Fifth Street, N.W. Washington, D.C. 20549-0801, Plain tiff, COMPLAINT - against - DEUTSCHE BANK SECURITIES INC., 31 West 52nd Street New York, New York 10019, Defendant. Plaintiff Securities and Exchange Commission (the "Commission" or "SEC") alleges: NATURE OF THE ACTION 1. The Commission brings this action against defendant Deutsche Bank Securities Inc. ("Deutsche Bank" or "Defendant") to redress Deutsche Bank's violations of the Securities Act of 1933 ("Securities Act"), the Securities Exchange Act of 1934 ("Exchange Act"), and rules of NASD Inc. ("NASD") and the New York Stock Exchange, Inc. ("NYSE"). 2. From July 1999 through June 2001 (the "relevant period"), Deutsche Bank engaged in acts and practices that created and/or maintained inappropriate.influence by investment banking over research analysts, thereby creating conflicts of interest for its research analysts. Deutsche Bank failed to manage these conflicts in an adequate manner. During this time period, Deutsche Bank offered research coverage in order to gain investment banking business and receive investment banking fees. It also received over $1 million from other investment banks to provide research coverage of their investment banking clients, and made payments of approxiniately $10 million to other securities finns primarily for research coverage for its investment banking clients. In addition, Deutsche Bank compensated its research analysts based in part upon their contributions to Deutsche Bank's investment banking business. These relationships and activities constituted substantial conflicts of interest for Deutsche Bank's research analysts. 3. Deutsche Bank failed to establish and maintain adequate policies and procedures reasonably designed to manage these conflicts of interest.