Zugl.: Zürich, Universiẗat, Diss., 2005.

222 pages / Efforts have been made in this study to trace the developments of the Irreducible School Fund and the factors responsible for depriving the schools of the legacy bequeathed by far-seeing statesmen during the formative period of American development. An attempt has been made to analyse the errors of the past and to estimate the resultant losses to the public schools of Oregon. It is now apparent that what was once intended as substantial school aid actually has been a paltry "drop-in-the-bucket" relative to needs.

abstract: I study the performance of hedge fund managers, using quarterly stock holdings from 1995 to 2010. I use the holdings-based measure built on Ferson and Mo (2012) to decompose a manager's overall performance into stock selection and three components of timing ability: market return, volatility, and liquidity. At the aggregate level, I find that hedge fund managers have stock picking skills but no timing skills, and overall I do not find strong evidence to support their superiority. I show that the lack of abilities is driven by the large fluctuations of timing performance with market conditions. I find that conditioning information, equity capital constraints, and priority in stocks to liquidate can partly explain the weak evidence. At the individual fund level, bootstrap analysis results suggest that even top managers' abilities cannot be separated from luck. Also, I find that hedge fund managers exhibit short-horizon persistence in selectivity skill. / Dissertation/Thesis / Ph.D. Business Administration 2013

nÃo hà / A dissertaÃÃo trata da gestÃo de investimentos das entidades fechadas de previdÃncia complementar (EFPC) no Brasil. O tema à abordado em cinco capÃtulos. No primeiro, à apresentado uma visÃo atuarial dessas entidades, atravÃs de um breve histÃrico sobre o setor, e dos conceitos envolvidos no seu estudo. No segundo, a abordagem à financeira, destacando os segmentos do mercado financeiro brasileiro, onde as entidades aplicam seus recursos e discorrendo sobre as modernas tÃcnicas de geraÃÃo de cenÃrios econÃmicos. No terceiro capÃtulo mostramos as modelagens mais utilizadas em se tratando de dimensionamento de ativos financeiros. No quarto à realizada uma explanaÃÃo sobre modelagem de passivos atuariais em fundos de pensÃo. No Ãltimo capÃtulo à mostrado um estudo de caso com sua implementaÃÃo e anÃlise. O resultado deste trabalho foi a definiÃÃo e implementaÃÃo de um modelo de ALM simplificado para ser utilizado em um Fundo de PensÃo com Plano de BenefÃcio do Tipo BenefÃcio Definido. / This study broachs the management of the investments of a Brazilian pension fund - EFPC. The theme is described in five chapters. In the first one is presented a actuarial vision of a EFPC, through a short historic about the sector and about the concepts involved especially concerning to the segments of the Brazilian financial Market. In the second, where the EFPC invests his resources and talking about the modern techniques of generation of economics scenario. In the third chapter we show the most used modeling in dimension of financial actives. The fourth shows a explanation about Modeling of Actuaries passives in pension funds. In the last one is showed a study of case including their implementation and analysis. The result of this work was definitions and implementation of a model of simplified ALM to be used in a pension fund with a defined benefit plans.

M.Ed. / Technikons are independent tertiary institutions training potential technologists for industry. In order to fulfil this mission additional resources are required and foundations and/or trusts have been established to assist in the raising of these resources. Effective management is therefore essential. To obtain optimum results fundraisers must possess above average abilities in managerial skills and be focused to reach their goals and objectives based on business orientated principles. Good business principles involve sound strategic, marketing and financial planning and focusing on research. The manager must be well versed, practically and theoretically, in the planning, implementing, organising, controlling and evaluating of fundraising projects. In this respect also staff development plays a major role in that leadership development, commitment and motivation contribute to the success of the fundraising team. The fund-raiser must focus on both the internal and external markets. Expertise and insight are required of the fund-raiser to influence donors to the benefit of a particular technikon. Other role players assisting the fundraiser are technikon personnel, students, Technikon Council members and alumni. The following recommendations to improve fundraising at technikons are proposed: effective management; motivation of role players; staff involvement in the promotion and assistance of fundraising; external role players' involvement in fundraising; and effective planning to identify, explore and utilise target m

L’utilisation des techniques marketing a profondément changé les liens entre donateurs et associations. Cette thèse se propose d’expliquer les comportements de résistance par l’influence de l’intrusion perçue des sollicitations des associations lors des campagnes de collecte de fonds. Une revue de la littérature et deux études empiriques ont été conduites. La première étude est de nature qualitative. L’intrusion perçue des sollicitations de don d’argent est explorée grâce à une analyse thématique de 18 entretiens semi-directifs. Trois formes de sollicitation perçues comme intrusives sont mises en évidence : les sollicitations par téléphone, à domicile et dans la rue. Une deuxième étude, quantitative, a été conduite auprès de 1137 individus. Les résultats montrent une influence positive de l’intrusion perçue de ces sollicitations sur le comportement de résistance. L’étude démontre aussi que la sollicitation par téléphone est perçue comme la plus intrusive. Aussi, trois profils se distinguent : les compréhensifs, les indépendants, les résistants. Seul le premier groupe semble ne pas percevoir l’intrusion lors des sollicitations téléphoniques. Cette recherche apporte des contributions à la littérature sur la résistance du consommateur (marketing marchand) et le comportement de don (marketing social). Sur le plan managérial, cette étude lève le doute sur le lien entre intrusion perçue et résistance aux sollicitations, et aide ainsi les associations à s’orienter vers des pratiques diminuant l’intrusion perçue. / The use of marketing techniques has had a strong impact on the relationship between donors and associations. This thesis aims to explain the resistance behavior resulting from the perceived intrusion of associations' solicitations during fundraising campaigns. A review of the literature and two empirical studies have been conducted. The qualitative study explores the perceived intrusion of donation solicitations through a thematic analysis of 18 semi-directive interviews. Three forms of perceived intrusive solicitation are highlighted: solicitations by telephone, at home and in the street. A second quantitative study has been conducted with a sample of 1137 individuals. The results show a clear positive influence of the perceived intrusive solicitation on the resistance behavior. The study also reveals that solicitation by telephone is perceived as the most intrusive. Furthermore, three profiles emerge: the comprehensive, the independent and the resistant individual. Only the first group does not seem to perceive telephone solicitation as intrusive. This research brings added contribution to the literature on consumer resistance (consumer research) and donor behavior (social marketing). This study also confirms the link between perceived intrusion and resistance to solicitations, and thus helps associations to rethink their communication efforts.

1 Summary This thesis deals with European programs and their legislation. Author especially characterizes the programming period 2014 - 2020 in comparison with the programming period 2007 - 2013. In the first part of the thesis the author defines the fundamental institutions of the European programs. This is especially the definition of economic, social and territorial cohesion as one of the most important policies of the European Union, as well as the definition of the programming period as a seven-year cycle, during which there is a drawing funds from the European Union. On these fundamental concepts continues to define European structural and investment funds, serving as a financial tool for drawing funds from the European Union, the operational programs and priority axes, the Czech Republic for a particular programming period determined. This is all within the context of the budgetary policy of the Czech Republic together with the definition of legislation at both national and European level. In the second part, the author approaches each program period, which the Czech republic after joining the European Union fully participated. This is the programming period 2007 - 2013 and subsequently by the current programming period 2014 - 2020. Within these cycles are given particular documents issued for a...

Sovereign Wealth Funds (SWFs) have enjoyed a great deal of public debate among scholars and policy makers alike in recent times. This increased attention can be associated with the swelling size and number of SWFs. In the last decade, there has been a sharp increase in the number of SWFs and they have become notable players in the world financial markets due to the soaring commodity prices and global imbalances. Currently, SWFs have more assets under management (in USD) than hedge funds. Buoyed on by the recent discoveries of natural resources in Africa and relatively high commodity prices, Africa has joined the international trend of SWF establishment and is home to nine SWFs, three of which were established between 2011 and 2012 alone. There is limited evidence and theory around the impact of SWFs on the economy of the host nation, mainly due to lack of transparency associated with SWFs. Supporters of SWFs claim that they have a positive effect on their host nation’s economies. Employing selected macroeconomic variables, this study looks at the impact of the introduction of a SWF on the host nation’s economy. Evidence shows a positive impact. / Dissertation (MBA)--University of Pretoria, 2013. / pagibs2014 / Gordon Institute of Business Science (GIBS) / MBA / Unrestricted

Fund for the Arts is one of the oldest arts fund in the country. Since its formation in 1949, the organization has raised over 200 million for the community, which includes Kentucky and Southern Indiana. This Master’s project will focus on one of the organization’s programs entitled 5x5. The goal of 5x5 is to expose elementary school students to five art experiences before they finish the fifth grade. Several years’ worth of data has been compiled, including school names, performance names, performance type, number of students served, and total cost, among others. Using a combination of these parameters, maps will be auto-generated using CSV templates. The auto-generated maps will show a variety of data, including the amount of art funding per zip code, per program type, per grade, per art group, per school, and per student. The maps will serve as visual evidence of the program’s progress and will be shared with Fund for the Arts Board of Directors and CEO, internal staff, as well as other community stakeholders such as community liaisons, participating schools, current and potential donors and the Louisville Metro Council. Fund for the Arts is a nonprofit that does not have access to ESRI products. This Master’s project combines cartography and scripting to create a functioning deliverable using open-source GIS software that enables the organization to auto-generate maps at will and forego the need to request maps from the local university once a year.

The work focuses on issues of mutual funds. How is managed cash flow, how the selection of instruments in the portfolio and how managers manage the risk associated with investment. In the practical part is matched by asset management and risk management for equity and bond mutual fund.