J-Curve Exposure

Managing a Portfolio of Venture Capital and Private Equity Funds

Author: Pierre-Yves Mathonet,Thomas Meyer

Publisher: John Wiley & Sons

ISBN: 9780470723401

Category: Business & Economics

Page: 476

View: 8395

Building on the success of the author’s previous book Beyond the J Curve:Managing a Portfolio of Venture Capital and Private Equity Funds, this work covers new and additional material and offers advanced guidance on the practical questions faced by institutions when setting up and managing a successful private equity investment programme. Written from the practitioner’s viewpoint, the book offers private equity and venture capital professionals an advanced guide that will make high return targets more realistic and sustainable. Factors that can sometimes cause institutions to shy away from venture capital are the industry’s opaque track record, unclear valuations and risks, perceived lack of transparency as well as the significant entry barriers to overcome before tangible results show. These issues are all addressed in details with practical solutions to the problems. Among other topics J-Curve Exposure includes discussions of: Experiences with the adoption of the International Private Equity and Venture Capital Valuation Guidelines to address fair value under IFRS. Approaches for splitting and prioritizing distributions from private equity funds. Techniques for track record analysis and other tools to help limited partners in their due diligence. Approaches to dealing with uncertainty, the relevance of real options, and co-investments and side funds as advanced portfolio management techniques. Questions related to limited partner decision making fallacies and how to manage portfolios of VC funds. Securitization backed by portfolios of investments in private equity funds. Real life case studies illustrate the issues relevant for the practitioner.

J-Curve Exposure, Managing a Portfolio of Venture Capital and Private Equity Funds

Business, Business

Author: CTI Reviews

Publisher: Cram101 Textbook Reviews

ISBN: 1467229806

Category: Education

Page: 38

View: 7059

Facts101 is your complete guide to J-Curve Exposure, Managing a Portfolio of Venture Capital and Private Equity Funds. In this book, you will learn topics such as as those in your book plus much more. With key features such as key terms, people and places, Facts101 gives you all the information you need to prepare for your next exam. Our practice tests are specific to the textbook and we have designed tools to make the most of your limited study time.

The J Curve Exposure Analysis of the Effective Exchange Rates

Evidence from Sri Lanka

Author: Achinthya Koswatta,Selliah Sivarajasingham

Publisher: LAP Lambert Academic Publishing

ISBN: 9783659687747

Category:

Page: 84

View: 7752

This study aims to find the relationship between real effective exchange rate and trade balance in Sri Lanka in order to find out the J curve phenomenon by using its 10 major trading partners. This paper first constructed the Nominal Effective Exchange Rate (NEER)and Real Effective Exchange Rate (REER)for Sri Lanka and then applied the Engle-Granger technique to investigate the long run cointegration relation between Balance of Trade (BOT) and REER, and finally employed the Error Correction Mechanism to explore the short-run linkage. Estimate results demonstrated that the REER has not a significant influence on Sri Lankan Trade Balance. The Granger Causality test suggests that the REER does not Granger cause the trade balance. We found that the Marshal-Lerner condition does not exist in Sri Lanka. Therefore, no evidence found to support the J curve theory in Sri Lanka. This implies that exchange rate policy is not an efficient policy tool in Sri Lanka. In order to improve the trade balance, Sri Lanka has to follow some other methods. Import tax policies can be imposed to reduce imports on selective basis and export promotion to increase the government revenue.

Private Equity aus Investorensicht: Eine Analyse des europ„ischen Private Equity-Marktes

Author: Olena Lerch

Publisher: Diplomica Verlag

ISBN: 3842852282

Category:

Page: 114

View: 1020

Private Equity als alternative Anlageklasse hat in der jungsten Zeit deutlich an Bedeutung gewonnen. Fur die Investoren verspricht diese Vermogensanlage ein hohes Renditepotential, ein starker Risikodiversifikationseffekt aber auch ein erhebliches Risiko. Die in diesem Buch durchgefuhrte umfassende Analyse der europaischen Private Equity-Fonds zeigte Rendite-Risiko-Profil dieser Investmentstrategie in ihren zwei grossten Segmenten: Buyout und Venture Capital. Dabei wurde eine kritische Auseinandersetzung mit den existierenden Methoden der Rendite- und Risikomessung von Private Equity gefuhrt. Als Benchmark wurden die Anlagen auf offentlichen Markten sowie die amerikanischen Private Equity-Investitionen bestimmt. Die Autorin analysierte die diversen Faktoren, die die Erfolgslage und die Wettbewerbsfahigkeit dieser Anlageklasse beeinflussen. Die Untersuchungsergebnisse beweisen eine grosste Relevanz der Managementfahigkeiten und der Exit-Strategien fur die Performance der Private Equity Investitionen. Aufgrund dessen spielen die Verbesserung des Managements, die Verschiebung in Akzenten bei der Anlangestrategien sowie die Entwicklung der funktionsfahigen Secondary Marktes und Technologieborse eine entscheidende Rolle fur die Zukunftsperspektiven des europaischen Private Equity-Markte

Globale und nationale First-Mover-Vorteile internetbasierter Geschäftsmodelle

Author: Jantje Halberstadt

Publisher: Springer-Verlag

ISBN: 3658059435

Category: Business & Economics

Page: 326

View: 889

​Die Frage nach den Pioniervorteilen im Internet wurde bislang nur unzureichend erforscht. Jantje Halberstadt untersucht diese Frage empirisch und zeigt auf, dass First-Mover-Vorteile in nationalen Märkten existieren, was im Wesentlichen auf dem Argument beruht, dass nationale First Mover die Vorteile des Ersten im nationalen Markt mit den Vorteilen des Folgers aus globaler Sicht kombinieren können. Die First-Mover-Vorteile sind ausgeprägter, je intensiver Netzwerkeffekte zum Tragen kommen. Einhergehend mit der First-Mover-Hypothese wird zudem häufig von Winner-take-all-Märkten ausgegangen, in denen sich langfristig ein einzelner Anbieter durchsetzt. Die Studie zeigt jedoch, dass nicht generell von nachhaltigen Monopolgewinnen ausgegangen werden kann – insbesondere je schwächer Netzwerkeffekte wirken.

Private Equity Investments: Fondsperformance und Benchmarks

Author: Thomas Börger

Publisher: Bachelor + Master Publication

ISBN: 395820175X

Category: Business & Economics

Page: 88

View: 8918

Im Zusammenhang mit der Finanzmarktkrise hat die Private Equity-Branche einen rasanten Imagewechsel vollzogen. Heute werden Private Equity-Fonds als finanzstarke Investoren wahrgenommen, die Krisenunternehmen vor der drohenden Insolvenz bewahren können. Seine zunehmende Attraktivität verdankt der Private Equity-Markt der verbreiteten Erwartung überdurchschnittlicher Renditen und einer geringen Korrelation insbesondere zum Aktienmarkt. Diese Merkmale konnten bisher jedoch nicht eindeutig nachgewiesen werden; die stark heterogenen Ergebnisse diesbezüglicher Studien gehen dabei u.a. auf uneinheitliche Methoden zur Performancebestimmung und der Berücksichtigung wechselnder Risiken zurück. Die vorliegende Arbeit stellt die spezifischen Schwierigkeiten dar, die sich bei der Performancemessung und -analyse in Bezug auf Private Equity-Transaktionen ergeben. Der Autor analysiert, inwieweit eine ganzheitliche Performancebestimmung dennoch möglich und sinnvoll ist. Verschiedene Konzepte und Methoden zur Messung des Erfolges werden hinsichtlich ihrer Eignung für den Private Equity-Sektor beurteilt. Darüber hinaus widmet sich die Studie den Möglichkeiten der Wertgenerierung durch Private Equity-Investitionen und untersucht wesentliche Einflussfaktoren auf deren Performance.

International Private Equity

Author: Eli Talmor,Florin Vasvari

Publisher: John Wiley & Sons

ISBN: 9781119973881

Category: Business & Economics

Page: 764

View: 9533

Bringing a unique joint practitioner and academic perspective to the topic, this is the only available text on private equity truly international in focus. Examples are drawn from Europe the Middle East, Africa and America with major case studies from a wide range of business sectors, from the prestigious collection of the London Business School’s Coller Institute of Private Equity. Much more than a simple case book, however, International Private Equity provides a valuable overview of the private equity industry and uses the studies to exemplify all stages of the deal process, and to illustrate such key topics as investing in emerging markets; each chapter guides the reader with an authoritative narrative on the topic treated. Covering all the main aspects of the private equity model, the book includes treatment of fund raising, fund structuring, fund performance measurement, private equity valuation, due diligence, modeling of leveraged buyout transactions, and harvesting of private equity investments.

International Finance

Author: Maurice D. Levi

Publisher: Psychology Press

ISBN: 9780415309004

Category: Business & Economics

Page: 585

View: 7923

Intended for students who already have a basic knowledge of economics, this book is written from the perspective of someone who wishes to learn about the financial management of an internationally oriented business.

Beyond the J Curve

Managing a Portfolio of Venture Capital and Private Equity Funds

Author: Thomas Meyer,Pierre-Yves Mathonet

Publisher: John Wiley & Sons

ISBN: 9781119995029

Category: Business & Economics

Page: 384

View: 4605

In recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. Beyond the J Curve provides the answers to key questions, including: Why 'top-quartile' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.

Antimicrobial Stewardship, An Issue of Infectious Disease Clinics,

Author: Pranita Tamma

Publisher: Elsevier Health Sciences

ISBN: 0323299415

Category: Medical

Page: 169

View: 1765

This issue of Infectious Disease Clinics, edited by Sara Cosgrove, MD, Pranita Tamma, MD, and Arjun Srinvasan, MD, is devoted to Infection Prevention and Stewardship. Articles in this issue include Behavior Issues in Antimicrobial Stewardship; Research Methods and Measurement Approaches for Analyzing the Impact of Antimicrobial Stewardship Programs; The Role of the Microbiology Laboratory in Antimicrobial Stewardship; Antimicrobial Stewardship in Long Term Care Facilities; Antimicrobial Stewardship in the NICU; Antimicrobial Stewardship in Immuno-compromised Populations; Antimicrobial Stewardship in Community Hospitals/Lower Resources Settings; Antimicrobial Stewardship in the Outpatient Setting; Informatics and Antimicrobial Stewardship; Antimicrobial Stewardship Interventions; and Teaching and Education in Antimicrobial Stewardship.

TID

Author: N.A

Publisher: N.A

ISBN: N.A

Category:

Page: N.A

View: 1305

Mastering Illiquidity

Risk management for portfolios of limited partnership funds

Author: Thomas Meyer,Peter Cornelius,Christian Diller,Didier Guennoc

Publisher: John Wiley & Sons

ISBN: 1119952816

Category: Business & Economics

Page: 304

View: 785

Arms investors with powerful new tools for measuring and managing the risks associated with the various illiquid asset classes With risk-free interest rates and risk premiums at record lows, many investors are turning to illiquid assets, such as real estate, private equity, infrastructure and timber, in search of superior returns and greater portfolio diversity. But as many analysts, investors and wealth managers are discovering, such investments bring with them a unique set of risks that cannot be measured by standard asset allocation models. Written by a dream team of globally renowned experts in the field, this book provides a clear, accessible overview of illiquid fund investments, focusing on what the main risks of these asset classes are and how to measure those risks in today's regulatory environment. Provides solutions for institutional investors in need of guidance in today's regulatory environment Offers detailed descriptions of risk measurement in illiquid asset classes, illustrated with real life case studies Helps you to develop reliable risk management tools while complying with the regulations designed to contain the individual and systemic risks arising from illiquid investments Features real-life case studies that capture an array of risk management scenarios you are likely to encounter

QFinance

The Ultimate Resource

Author: Various Authors

Publisher: Bloomsbury USA

ISBN: 9781849300001

Category: Business & Economics

Page: 2200

View: 5710

Compiled by more than 300 of the world's leading professionals, visionaries, writers and educators, this is THE first-stop reference resource and knowledge base for finance. QFINANCE covers an extensive range of finance topics with unique insight, authoritative information, practical guidance and thought-provoking widsom. Unmatched for in-depth content, QFINANCE contains more than 2 million words of text, data analysis, critical summaries and bonus online content. Created by Bloomsbury Publishing in association with the Qatar Financial Centre (QFC) Authority, QFINANCE is the expert reference resource for finance professionals, academics, students, journalists and writers. QFINANCE: The Ultimate Resource Special Features: Best Practice and Viewpoint Essays – Finance leaders, experts and educators address how to resolve the most crucial issues and challenges facing business today. Finance Checklists – Step-by-step guides offer problem-solving solutions including hedging interest-rate risk, governance practices, project appraisal, estimating enterprise value and managing credit ratings. Calculations and Ratios – Essential mathematical tools include how to calculate return on investment, return on shareholders’ equity, working capital productivity, EVA, risk-adjusted rate of return, CAPM, etc. Finance Thinkers and Leaders – Illuminating biographies of 50 of the leading figures in modern finance including Joseph De La Vega, Louis Bachelier, Franco Modigliani, Paul Samuelson, and Myron Scholes Finance Library digests –Summaries of more than 130 key works ranging from “Against the Gods” to “Portfolio Theory & Capital Markets” and “The Great Crash”. Country and Sector Profiles – In-depth analysis of 102 countries and 26 sectors providing essential primary research resource for direct or indirect investment. Finance Information Sources – A select list of the best resources for further information on finance and accounting worldwide, both in print and online, including books, journal articles, magazines, internet, and organizations Finance Dictionary – A comprehensive jargon-free, easy-to-use dictionary of more than 9,000 finance and banking terms used globally. Quotations – More than 2,000 business relevant quotations. Free access to QFinance Online Resources (www.qfinance.com): Get daily content updates, podcasts, online events and use our fully searchable database.

Private Equity Unchained

Strategy Insights for the Institutional Investor

Author: T. Meyer

Publisher: Springer

ISBN: 1137286822

Category: Business & Economics

Page: 320

View: 6654

There are significant returns to be made from private equity, infrastructure, real estate and other illiquid investments, but a competitive strategy is essential for investment success and for meeting objectives. This book takes readers through all the considerations of planning and implementing an investment strategy in illiquid investments.

The J Curve

A New Way to Understand Why Nations Rise and Fall

Author: Ian Bremmer

Publisher: Simon & Schuster

ISBN: 9780743274722

Category: Political Science

Page: 336

View: 3185

What Freakonomics does for understanding the economy, The J Curve does for better understanding how nations behave. Bremmer's tour of the nations of the world -- our friends, our foes, and others in between -- shows us how to see the world fresh, get rid of shopworn attitudes, and discover a new and useful way of thinking.

Alcohol and Cardiovascular Disease

Author: Derek J. Chadwick,Jamie A. Goode

Publisher: John Wiley & Sons

ISBN: 0470515554

Category: Medical

Page: 280

View: 7862

Both timely and topical, this book examines the most important aspects of the relationship between alcohol consumption and health. Drawing together much new and exciting work in this area, it reviews this emotive subject from a dispassionate perspective. It will provide a firm base for further research into the effects of alcohol on the cardiovascular system, and into public health attitudes to what is both a universal pleasure and problem.

Health and Sustainability

An Introduction

Author: Tee L. Guidotti

Publisher: Oxford University Press

ISBN: 0199325685

Category: Medical

Page: 472

View: 4179

Health and sustainability have become ubiquitous topics in all realms of popular discourse. What these discussions often overlook is the fact that the two concepts are interrelated, and that their surrounding policies and practices can often inform and reinforce each other. As sustainability measures are already in place across many levels of government, there is now an opportunity to extend these principles to improve health care and health care policy. Health and Sustainability: An Introduction details how the values of sustainability can be applied to the design of health systems and the delivery of primary care. By providing a practical framework for understanding complicated sustainability problems related to health, the book offers an authoritative resource for understanding: - health and environmental rights - parallels between human toxicology and ecotoxicology - how health promotion strategy can be a template for sustainability - health science and how it can be used to support decisions in health and sustainability - how scientific knowledge is achieved, understood, accepted, and used in health and environmental advocacy, and how this relates to sustainability Students and practitioners in health will benefit from this introduction to sustainability, and those in sustainability and environmental studies will benefit from this application to human health. Health and Sustainability offers a roadmap for successfully integrating these approaches for healthier people and environment.

Therapy in Sleep Medicine E-Book

Author: Teri J. Barkoukis,Jean K. Matheson,Richard Ferber,Karl Doghramji

Publisher: Elsevier Health Sciences

ISBN: 1455723304

Category: Medical

Page: 816

View: 9925

Therapy in Sleep Medicine, by Drs. Teri J. Barkoukis, Jean K. Matheson, Richard Ferber, and Karl Doghrami, provides the clinically focused coverage you need for rapid diagnosis and effective treatment of sleep disorders. A multidisciplinary team of leading authorities presents the latest on sleep breathing disorders (including obstructive sleep apnea), neuropharmacology, parasomnias, neurologic disorders affecting sleep, sleep therapy for women, sleep therapy in geriatric patients, controversies, and future trends in therapy in a highly illustrated, easy-to-follow format. Diagnose and treat patients effectively with complete coverage of the full range of sleep disorders. Find diagnostic and treatment information quickly and easily thanks to a highly illustrated, easy-to-read format that highlights key details. Stay current on discussions of hot topics, including sleep breathing disorders (including obstructive sleep apnea), neuropharmacology, parasomnias, neurologic disorders affecting sleep, sleep therapy for women, sleep therapy in geriatric patients, controversies, and future trends in therapy. Tap into the expertise of a multidisciplinary team of leading authorities for well-rounded, trusted guidance.

A Biologic Approach to Environmental Assessment and Epidemiology

Author: Thomas J. Smith,David Kriebel

Publisher: Oxford University Press

ISBN: 0199722625

Category: Medical

Page: 448

View: 4640

In this book, Thomas J. Smith and David Kriebel assert that important advances in the quantification of environmental risks can only come through a true synthesis of the fields of environmental epidemiology and exposure assessment. They have built a common biologic model of exposure, physiologic response, and disease, a synthesis of the various existing models which serves to both simplify and improve the application of environmental epidemiology and exposure assessment to current and future environmental chemical risks.

Exchange Risk and Exposure

Current Developments in International Financial Management

Author: Richard M. Levich,Clas Wihlborg

Publisher: Free Press

ISBN: N.A

Category: Business enterprises

Page: 208

View: 3224