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Greetings, We begin with China where a part of the fiscal stimulus has been orchestrated via the state-controlled China Development Bank (CDB). The bank is known for financing large infrastructure projects. Source: Macquarie As discussed yesterday, China’s recent growth has been fueled by credit. With increased liquidity (injected via stimulus – for example above) and

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Mandeep Sihota

Valuation is a key factor in a fund’s operations – using incorrect valuation numbers can adversely impact a fund. The valuation of illiquid securities in particular, represents a significant challenge for managers. How a manager values these securities carries through to NAV and the market value of AUM

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meredith pic for blog

  Ever since that mawkish movie starring Jack Nicholson and Morgan Freeman came out in 2007, it seems people can’t stop talking about their “bucket lists”. There have been songs written about the topic (“I went 2.7 seconds on a bull named Fu Man Chu…”), Internet memes created, and the phrase has completely wormed its

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