A slang phrase that refers to the relentless phone calls that some hedge fund managers make to analysts in an attempt to persuade the analysts to change their rating on a stock. Hedge fund managers will often call analysts and present a very persuasive argument as to why a stock deserves an upgraded rating. The hounding does not always lead an analyst to change his or her rating, but it works enough of the time for the practice to persist. An upgraded rating usually results in an increase in share price. Alternatively, hedge funds will often call company executives in an attempt to decipher why a share price is being depressed for seemingly no reason. This shows that some hedge funds are not picky as to who they harass or hound--their primary concern is fund performance.
A method used by monetary authorities to equalize the effects of foreign exchange transactions on the domestic monetary base by offsetting the purchase or sale of domestic assets within the domestic markets. The process limits the amount of domestic currency available for foreign exchange. |||Sterilized intervention is a way for a country to alter its debt composition without affecting its monetary base. It is used to counter undesirable exchange-rate movements. For example, a decrease in the value of a country's domestic currency would cause a debt instrument issued in a foreign country and denominated in that foreign country's currency to be made more expensive.
什么是转换比率法 转换比率法是首先估计组织所需要的具有要害技能的员工数量,然后再根据这一数量估计其他人员的数量。转换比率法的目的是将企业的业务量转换为对人力的需求,它适合于短期需求猜测的方法。 转换比率法假定组织的劳动生产率是不变的。 转换比率法的计算公式 假如考虑到劳动生产率的变化对员工需求量的影响,可以使用员工总量需求猜测方法,其计算公式为: 计划期末需要的员工数量=(目前的业务量+计划期业务的[[增长量]])/[目前人均业务量╳(1+生产率的增长率)] 例子:某冰箱厂2007年的年产量为1万台,基层生产员工为200人,2008年计划增产5千台,估计生产率的增长率为0.3,那么在2008年需要招收多少基层生产员工? (10000+5000)/[(10000/200)×(1+0.3)]=230名 增长的基层员工为 230-200=30人 转换比率法的缺陷 这种猜测方法存在着两个缺陷: 1、进行估计时需要对计划期的业务增长量,目前人均业务量和生产率的增长率进行精确的估计。 2、这种猜测方法只考虑了员工需求的总量,没有说明其中不同类别员工需求的差异。
Funds from many individual investors that are aggregated for the purposes of investment, as in the case of a mutual or pension fund. Investors in pooled fund investments benefit from economies of scale, which allow for lower trading costs per dollar of investment, diversification and professional money management. The enormous advantages of investing in pooled fund vehicles make them an ideal asset for many investors. There are added costs involved in the form of management fees, but these fees have been steadily declining for many years as competition has increased. The main detractor of pooled fund investments is that capital gains are spread evenly among all investors - sometimes at the expense of new shareholders.
A seven-member independent board consisting of accounting professionals who establish and communicate standards of financial accounting and reporting in the United States. FASB standards, known as generally accepted accounting principles (GAAP), govern the preparation of corporate financial reports and are recognized as authoritative by the Securities and Exchange Commission. |||Accounting standards are crucial in an efficient market, as information must be transparent, credible and understandable. The FASB sets out to improve corporate accounting practices by enhancing guidelines set out for accounting reports, identifying and resolving issues in a timely manner and creating a uniform standard across the financial markets.
CIFA (Chartered Independent Financial Advisor 特许独立理财师) 是CIFM协会面向全球顶尖的独立理财师推出的最高级资质认证,CIFA有着及其严格的“五大标准”要求,本证书持有人被认为是具有最专业的理财素养和最可信赖的道德操守,在赢得客户和雇主的高度认可的同时获得同行的好评。 CIFA是理财人员的最高级考试认证项目之一,具有严格的道德和专业规范,并对其他协会的专业资格持较开放的态度。目前,北美和亚太地区已经有超过13000多名金融从业者通过本教育项目提高了自身的能力。 CIFA通过对学员的全面理财知识的专业培训,使学员掌握理财的专业技能,并通过持续的教育与学习保证专业能力的胜任,通过独有的监管程序确保职业道德水准的维系。 详见官方网站: www.cifm.org(英文) www.cifm.org.cn(中文)
An index that indicates the state of the economy by measuring the number of attractive people working as waiters/waitresses. According to the hot waitress index, the higher the number of good looking servers, the weaker the current state of the economy. It is assumed that attractive individuals do not tend to have trouble finding high-paying jobs during good economics times. During poor economic times, these jobs will be more difficult to find and therefore more attractive people will be forced to work in lower paying jobs such as being waiters/waitresses. Traditional economic theory contends that employment tends to be a lagging indicator for economic recovery. However, the hot waitress economic index could be a coincident or even a leading indicator for economic recovery because attractive people may be the first group of individuals to find better paying jobs when a bad economy begins to turn around.
An option with a strike price that is significantly above (for a call option) or below (for a put option) the market price of the underlying asset. To be deemed deep out of the money, an option's strike price should be at least one strike price below/above the market price of the underlying asset's option chain. Watch: Out Of The Money Options For example, if the current price of the underlying stock is $10, a put option with a strike price of $5 would be considered deep out of the money. While a deep of out the money option seems worthless, the derivative still holds some value. All options, both in and out of the money, contain time value. Time value measures the benefit of having an option with time remaining until maturity. So, while a deep out of the money call or put has no intrinsic value, some investors may be willing to pay a small amount for the remaining time value. However, this time value decreases as the option moves closer to its expiry date.