A global bond is a bond which is issued in several countries at the same time. It is typically issued by a large multinational corporation or sovereign entity with a high credit rating. By offering the bond to a large number of investors, a global issuance can reduce borrowing cost.
Portable alpha is the return of an investment portfolio with zero market risk (beta). Being independent of both the direction and the magnitude of the market's movements, it represents the manager's skill in selecting investments. Elimination of the market risk can be accomplished by means of short selling and derivatives such as futures, swaps, and options.
BloombergBloomberg Markets Magazine
Bloomberg Markets is a monthly magazine published by Bloomberg L.P. as part of Bloomberg News. Aimed at global financial professionals, Bloomberg Markets publishes articles on the people and issues related to global financial markets. Bloomberg Markets, which is based in New York City, has readers in 147 countries. More than half of its readers live outside the U.S.
Global Pensions magazine was a monthly Incisive Media publication that served the institutional pensions industry and focused on managing risk and investment returns. The magazine was part of MSM International Ltd. until late 2006 when it was acquired by Incisive Media. The magazine was based in London. It was previously published weekly. It was edited by Raquel Pichardo-Allison.
Treasury DepartmentDepartment of the TreasuryTreasury
The Department of the Treasury (USDT) is an executive department and the treasury of the United States federal government. Established by an Act of Congress in 1789 to manage government revenue, the Treasury prints all paper currency and mints all coins in circulation through the Bureau of Engraving and Printing and the United States Mint, respectively; collects all federal taxes through the Internal Revenue Service; manages U.S. government debt instruments; licenses and supervises banks and thrift institutions; and advises the legislative and executive branches on matters of fiscal policy.
Secretary of the TreasuryTreasury SecretaryU.S. Secretary of the Treasury
The Secretary of the Treasury is the head of the United States Department of the Treasury which is concerned with financial and monetary matters, and, until 2003, also included several federal law enforcement agencies. This position in the federal government of the United States is analogous to the Minister of Finance in many other countries. The Secretary of the Treasury is a member of the President's Cabinet, and is nominated by the President of the United States. Nominees for Secretary of the Treasury undergo a confirmation hearing before the United States Senate Committee on Finance before being voted on by the United States Senate.
indie hip hopundergroundunderground hip-hop
Underground hip hop is an umbrella term for hip hop music outside the general commercial canon. It is typically associated with independent artists, signed to independent labels or no label at all. Underground hip hop is often characterized by socially conscious, positive, or anti-commercial lyrics. However, there is no unifying or universal theme – AllMusic suggests that it "has no sonic signifiers". "The Underground" also refers to the community of musicians, fans and others that support non-commercial, or independent music. Music scenes with strong ties to underground hip hop include alternative hip hop and conscious hip hop.
Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2010 census, the town had a total population of 61,171. It is the 10th largest municipality in Connecticut, and the largest that functions as a town (the remaining largest municipalities in the state function as cities).
The White HousePresident's HouseExecutive Mansion
The White House is the official residence and workplace of the President of the United States. It is located at 1600 Pennsylvania Avenue NW in Washington, D.C. and has been the residence of every U.S. President since John Adams in 1800. The term "White House" is often used as a metonym for the president and his advisers.
The Dow Jones Industrial Average (DJIA), or simply the Dow, is a stock market index that indicates the value of 30 large, publicly owned companies based in the United States, and how they have traded in the stock market during various periods of time. The value of the Dow is not a weighted arithmetic mean and does not represent its component companies' market capitalization, but rather the sum of the price of one share of stock for each component company. The sum is corrected by a factor which changes whenever one of the component stocks has a stock split or stock dividend, so as to generate a consistent value for the index.
McCainSenator John McCainJohn S. McCain III
John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician and military officer who served as a United States Senator from Arizona from January 1987 until his death. He previously served two terms in the United States House of Representatives and was the Republican nominee for President of the United States in the 2008 election, which he lost to Barack Obama.
Graduate Acting ProgramNYU Film SchoolNew York University's Tisch School of the Arts
The New York University Tisch School of the Arts (commonly referred to as Tisch) is the performing, cinematic and media arts school of New York University. Founded on August 17, 1965, Tisch is a training ground for artists, scholars of the arts, and filmmakers; the school merges the technical training of a professional school with the academic resources of a major research university to immerse students in their intended artistic disciplines. The school is divided into three Institutes: Performing Arts, Emerging Media, and the Kanbar Institute of Film & Television.
John McCain2008 presidential campaignJohn McCain's 2008 presidential campaign
The 2008 presidential campaign of John McCain, the longtime senior U.S. Senator from Arizona, was launched with an informal announcement on February 28, 2007 during a live taping of the Late Show with David Letterman, and formally launched at an event on April 25, 2007. His second candidacy for the Presidency of the United States, he had previously run for his party's nomination in the 2000 primaries and was considered as a potential running mate for his party's nominee, then-Governor George W. Bush of Texas.
Teacher Retirement System
Teacher Retirement System of Texas (TRS) is a public pension plan of the State of Texas. Established in 1937, TRS provides retirement and related benefits for those employed by the public schools, colleges, and universities supported by the State of Texas and manages a $147.4 billion trust fund established to finance member benefits. More than 1.5 million public education and higher education employees and retirees participate in the system. TRS is the largest public retirement system in Texas in both membership and assets and the sixth largest public pension fund in the U.S. The agency is headquartered at 1000 Red River Street in the capital city of Austin.
In finance, leverage (sometimes referred to as gearing in the United Kingdom and Australia) is any technique involving the use of borrowed funds in the purchase of an asset, with the expectation that the after tax income from the asset and asset price appreciation will exceed the borrowing cost. Normally, the finance provider would set a limit on how much risk it is prepared to take and will set a limit on how much leverage it will permit, and would require the acquired asset to be provided as collateral security for the loan.
DevonDevon cattleNorth Devon
The Devon is an ancient breed of cattle from the south western English county of Devon. It is a rich red or tawny colour, and this gives rise to the popular appellation of Devon Ruby or Red Ruby, also used as a marketing brand. The breed is also sometimes referred to as the North Devon to avoid confusion with the more recently developed South Devon cattle breed which is yellowish brown.
deflationarydeflationary spiralmoney supply contracted
In economics, deflation is a decrease in the general price level of goods and services. Deflation occurs when the inflation rate falls below 0% (a negative inflation rate). Inflation reduces the value of currency over time, but deflation increases it. This allows one to buy more goods and services than before with the same amount of currency. Deflation is distinct from disinflation, a slow-down in the inflation rate, i.e. when inflation declines to a lower rate but is still positive.
economic recessioneconomic downturndepression
In economics, a recession is a business cycle contraction when there is a general slowdown in economic activity. Macroeconomic indicators such as GDP (gross domestic product), investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters.
futuresfutures tradingfutures contracts
In finance, a futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future—which is when delivery and payment occur—is known as the delivery date. Because it is a function of an underlying asset, a futures contract is a derivative product.
treasury billsTreasury securitiestreasury bond
A United States Treasury security is an IOU from the US Government. It is a government debt instrument issued by the United States Department of the Treasury to finance government spending as an alternative to taxation. Treasury securities are often referred to simply as Treasuries. Since 2012 the management of government debt has been arranged by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt.
A security is a tradable financial asset. The term commonly refers to any form of financial instrument, but its legal definition varies by jurisdiction. In some jurisdictions, the term specifically excludes financial instruments other than equities and fixed income instruments. In some jurisdictions, it includes some instruments that are close to equities and fixed income, e.g., equity warrants. In some countries and languages, the term "security" is commonly used in day-to-day parlance to mean any form of financial instrument, even though the underlying legal and regulatory regime may not have such a broad definition.
SpikeSpike and Tonya Lee
Shelton Jackson "Spike" Lee (born March 20, 1957) is an American film director, producer, writer, and actor. His production company, 40 Acres and a Mule Filmworks, has produced over 35 films since 1983.
Institutional InvestorInstitutional Investor magazineInstitutional Investor'' (magazine)
Institutional Investor magazine is a monthly periodical published by Euromoney Institutional Investor. It was founded in 1967 by Gilbert E. Kaplan. A separate international edition of the magazine was established in 1976 for readers in Europe and Asia. Capital Cities Communications purchased the magazine in 1984. The Walt Disney Company bought Capital Cities in 1996 and sold the magazine to Euromoney a year later. Institutional Investor has offices in New York City, London and Hong Kong.
aiCIOChief Investment Officer
Chief Investment Officer Magazine (formerly aiCIO) was an English-language international finance magazine. It is now just a website owned by Strategic Insight. In 2009, the magazine was honored with Folio's Silver Ozzie Award for "Best Design New Magazine, B-to-B." In 2011, the magazine was a finalist for the Jesse H. Neal Award, in the category recognizing Best Subject-Related Series of Articles for their entry, "Interrogations." CIO Magazine's work has also been excerpted in The Atlantic and referenced in New York Magazine.