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Asset Management (asset + management)
Selected AbstractsUniversal Banking, Asset Management, and Stock UnderwritingEUROPEAN FINANCIAL MANAGEMENT, Issue 4 2009William C. Johnson G24 Abstract This paper examines institutions that underwrite IPOs and have asset management divisions from 1993 through 1998. We provide evidence that these firms use asset management funds as vehicles to help them earn more equity underwriting business. We also show that asset managers affiliated with IPO underwriters use their superior information about their own institution's IPOs to earn annualised market adjusted returns 7.6% above asset managers of firms who did not underwrite the IPO. Superior future returns by asset managers who trade affiliated IPOs are dependent on the information environment for the IPO and the underwriter reputation rank. [source] Risk and Asset Management: IntroductionEUROPEAN FINANCIAL MANAGEMENT, Issue 2 2009Lionel Martellini Guest Editor No abstract is available for this article. [source] Unravelling the Capital Charging Riddle , Some Empirical Evidence from VictoriaFINANCIAL ACCOUNTABILITY & MANAGEMENT, Issue 1 2003Tyrone M. Carlin Since 1995, the State of Victoria has been experimenting with capital charging regimes for budget sector agencies. The intent of these schemes is to allow the opportunity cost of capital to be reflected in the assessed total costs of outputs produced by agencies the subject of the charge. While literature produced by government central financial agencies has forcefully advocated this experiment, and asserted a range of resulting improvements to budget sector asset management and general financial management practices, academic examinations of the subject have been mixed in their conclusions. Empirical evidence relating to the effect and effectiveness of these schemes has been scarce. This paper seeks to contribute to the literature by providing some empirical evidence on the impact of capital charging in one jurisdiction, Victoria, Australia. [source] The Asset Management Industry in Asia: Dynamics of Growth, Structure, and PerformanceFINANCIAL MARKETS, INSTITUTIONS & INSTRUMENTS, Issue 1 2007Ingo Walter We examine the industrial organization and institutional development of the asset management industry in Asian developing economies,specifically in China, Indonesia, Korea, Malaysia, Singapore, Philippines, and Thailand. We focus on the size and growth of the buy-side of the respective financial markets, asset allocation, the regulatory environment, and the state of internationalization of the fund management industry in its key components,mutual funds, pension funds, and asset management for high net worth individuals. We link the evolution of professional asset management in these environments to the development of the respective capital markets and to the evolution of corporate governance. We find that the fund management industry occupies a very small niche in domestic financial systems that are dominated by banks. At the same time, we find that its growth has been very rapid in the early 2000s and we suggest that this is likely to persist as the demand for professional management of financial wealth in the region develops and as the pension fund sectors of the respective economies are liberalized to allow larger portions of assets to be invested in collective investment schemes. [source] The learning organization information system (LOIS): looking for the next generationINFORMATION SYSTEMS JOURNAL, Issue 1 2001Adrian Williamson Abstract. This paper explores the notion that the next generation of information systems will focus on supporting organizational learning. The paper suggests that the increasingly successful automation of procedural work will lead to pressure on organizations to improve performance through enhanced support for knowledge work. A set of outline requirements for the learning organization information system (LOIS) is then proposed using recent research findings from computer supported co-operative working and organizational learning. The computerized on-line journal from this research is described. This journal provides transparent capture of episodes of work and it is argued that the general principles established could support LOIS by helping to provide a richly defined organizational memory. The journal supports collaborative working through the use of groupware, which manages the sharing of, and learning from, journal contents. This can facilitate the retention of not only data and information, but also the inquiry process that produced them. The paper concludes that LOIS will be a self-organizing system, focussing on knowledge work, learning and using advanced technologies drawn from ubiquitous computing. A view of a system that moves towards this aim is presented. Future topics for research are identified, and a natural language approach to knowledge asset management is discussed briefly. In closing, it is argued that LOIS is an important future vision for organizations operating in the information age. [source] Older people's assets: a contested site,AUSTRALASIAN JOURNAL ON AGEING, Issue 2005Cheryl Tilse The management of the financial assets of older people is increasingly important in the current policy context. Competing interests from the state, the market and the family regarding the appropriate use of these assets suggest that non-professional managers are assisting older people in a complex environment. This paper, based on a national prevalence study and an in-depth study, explores the nature and extent of asset management on behalf of older people. It examines the role of legal provision for substitute decision-making in these processes and concludes that the current provision is insufficient to protect older people from financial abuse and support carers to manage assets well. This paper proposes that more broadly based interventions are required in a complex environment of competing interests. Such interventions include attitudinal change, improved financial literacy, information and support for older people and informal asset managers and improved monitoring and support for substitute decision makers. [source] Digital images in museums: Doing the DAM: Digital asset management at the Metropolitan Museum of ArtBULLETIN OF THE AMERICAN SOCIETY FOR INFORMATION SCIENCE & TECHNOLOGY (ELECTRONIC), Issue 4 2008Shyam Oberoi First page of article [source] Spanish mutual fund fees and less sophisticated investors: examination and ethical implicationsBUSINESS ETHICS: A EUROPEAN REVIEW, Issue 3 2009Rocío Marco Crespo Some mutual funds not only apply the usual asset management and custodial fees, but also front loads and redemption fees as a kind of ,toll charge' payable on entering and/or leaving the fund. The aim of this work is to examine the implications of the different loads and fees applied to mutual fund investors in the Spanish market. The results show that there is a relationship between the various charges and fees. The fact that load fund companies charge higher management and custody fees proves the potential of the fund companies to impose higher fees on a segment of the clientele. The investors in load funds, which tend to be large in number of shareholders and belonging to banks and savings banks, are small investors who show a low cost sensitivity. A lower level of financial sophistication may be the reason for the apparent lower price awareness. The problem is that the investors in load funds are not financially compensated for the extra cost represented by the front-load and redemption fees. The only beneficiary seems to be the financial institution itself. On this view, the survival of load funds seems to depend on the lack of financial sophistication of their clientele, combined with market inefficiencies. It is worth asking about the ethics of a situation of market segmentation that allows managing institutions to benefit from the segment of the least sophisticated investors. [source] | |||||||||||||