Private equity firm Lone Star has announced the launch of a new hotel investment and management group, Amaris Hospitality. The new hotel group will help the US-based private equity firm to bring together its existing portfolio of 89 properties. The Announcement The private equity firm announced that its Amaris Hospitality will bring together its recently acquired hotels, which are currently spread around four separate portfolios. The hotel group will include 29 Jurys Inn hotels, 21 Mercury hotels
Targeting an Advantage through Strategic Asset Allocation and Active Management The Lessons of The Yale Endowment Executive Summary Presented by Old Mutual June 2008 Executive Summary The Yale Endowment is known in the financial industry as a pioneer in using a combination of innovative asset allocation and active management to produce impressive long-term performance. In fact, the Endowment produced a 17.8% average annual return, net of fees, in the ten-year period ending June 30, 2007.1
Summary of “The State of the Public Corporation: Not So Much an Eclipse as an Evolution” In this article, the author, Conrad S. Ciccotello, discusses the current situation of public corporation through decades, evaluates its performance and evolution, and offers his own thoughts for the future of public corporation. At the very beginning of the article, the author presents Professor Michael Jensen’s argument of the Eclipse of the Public Corporation, which is more specifically that the U.S. corporations
Equity and Equality in the Canadian Education System Equality and equity, as it relates to economics, refers to the allocation of resources to consumers and deals with the issue of fairness. In CPE chapter 9, the authors differentiate between the two terms and relate it to day-to-day experiences. One example that was used was the methods people use measure their satisfaction and how that could result in equitable and efficient decision making. In Canada, the education system is not restricted to
the past years. The philosophy is based on 5 principles: focus on equity, diversification, opportunities in inefficient markets, outside managers and alignment of manager’s incentives with Yale’s interests. In the paragraphs below I will discuss how each of these principles is reflected in the endowment’s asset allocation, as shown from Exhibit 1. Yale’s belief in equities is reflected through the endowment’s heavy allocation in equity from 1985-2010. The weight allocation, however, is heavier in the
Private Equity in Nigeria An Overview of Nigerian Venture Capital and Private Equity Private Equity in Nigeria Page 2 CONTENT EXECUTIVE SUMMARY 3 NIGERIA COUNTRY ANALYSIS 5 TABLES AND EXHIBITS 7 Private Equity in Nigeria Page 3 Executive Summary1 Nigeria is facing an uncertain future as outbreaks of ethnic and religious violence continue to place strains on Africa’s most populated country. With the 2003 elections approaching, the continuing battle amongst incumbent politicians
the past years. The philosophy is based on 5 principles: focus on equity, diversification, opportunities in inefficient markets, outside managers and alignment of manager’s incentives with Yale’s interests. In the paragraphs below I will discuss how each of these principles is reflected in the endowment’s asset allocation, as shown from Exhibit 1. Yale’s belief in equities is reflected through the endowment’s heavy allocation in equity from 1985-2010. The weight allocation, however, is heavier in the
SUMMARY: Fund accounting manager with two decades of hands-on experience in hedge fund, venture capital fund, private equity fund and mutual fund accounting, administration and operations. Full range of accounting and financial experience including: investment accounting, administration, taxation, auditing, and client service management. HIGHLIGHT OF QUALIFICATIONS: • Outstanding experience in hedge fund, venture fund, private equity fund and mutual fund accounting and operations with a solid
Private equity is usually medium to long-term finance provided in return for an equity stake in potential high growth unquoted companies. These equity investments include securities that are not listed on a public exchange and are not easily accessible to most individuals [1]. There are usually available only to high net worth individual 's, corporation 's, institutional clients etc. These investments range from initial capital in start-up enterprises to leveraged buyouts of fully grown-up corporations
Summary: The Case is about the decision of the Yale Investments Office whether to continue to allocate the bulk of the university 's endowment to illiquid investments--hedge funds, private equity, real estate, and so forth. Important is to consider the risks and benefits of a different asset allocation strategy. Before the choice between different subclasses, e.g., between venture capital and leveraged buyout funds would be analyzed it is advantageous to get first background information. Effective